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<br /> � � � ' � �� . � ` � � � - � ��93� io5 �3;r5 ��. � ; . �
<br /> _ . � , the Prape�ty in violat.�o�a of any la�,. Qrainance•, or reg�latic�n: _ < .__ _
<br /> � . an� shall pay and prou�p�l� discharge -at Horrawer`s .cast at�d � �. ___
<br /> _ � ��:`` expe�se all liens.� enct�brances' aad Charges leqied� im�sosed or . � �_ ----
<br /> �'`.,��. � �� assessed aqa�nst the .Propertg or aap �az� t�ereof., � ° -_--
<br /> �� - -.��-��_�`` �� • 6�. ` Em3.nent ��ain. Lender is heiceby assigned all �'r :-=-:
<br /> . '`-� `�-_"�t ' ' compeasra�ori, aw s, d�aqes and.�othes papments or re2�ef . . . �� =
<br /> s� � n� „v
<br /> ;- �:t�� ��" , `° tfieYeiaafter "P�rocee$s') �A co�pnection �ith co�demnation ox ot�er � ��__-
<br /> .. .- ��,:'� . takinq df� the P�aperty or part the�eo�, or gor �onneyance in 13.en P
<br /> }' :=-��:. � c�f coa@emnation. � Lender =sha31 be.entitled,. at. its .optien, to , �. �_-
<br /> �:�,�s�� �z.;.. . .
<br /> � �:_-�-�• � . �ea,ce, ��pear �.n and prosecute in its ovn name any action ar . �" _
<br /> , -�:,.:�;'.` - proceedings, and sha�l aZsa he entitied ta �ake auy compromis� :or ; �'�
<br /> : � :•:.` - se�tlement in •connectioa wi�h s�h taking o= 8amage.. Zn the _��="_�
<br /> �`� ` �����. �� � � event any portion of the Praperty is so taken or damaged, Lender . =`--
<br /> /� .� . ,,.�__ �- ., _
<br /> _ �:µ.� ., - . , sha2l have the option, ia i�ts s+ole and absolute �3.scretion, ta �. . ��
<br /> ` . �`_.:.- .�;``. ,�<;,_,`• applp all sucb Proceeds, after dednctinq therefrom a12 costs an@ � .�,���:;'=-
<br /> -., . ;,: .;� , - esP�nses 3ncarred by ft ia_aosutectivn with snch Procee8s, �tpon ,4_�;._
<br /> . _ �.,: : . . aay fiadebtedness secqred hereby and in �gucH ordes as ?�ender may =
<br /> . ` � � � det�rinine, or to. apply all suah Proeeeds, after snch deductions: --. . _
<br />- - �` �.-Y��,�T`'� .� .` ° . to the restorat3on o� the Pz'opexty upon snch conditioAS as Lender- _
<br /> - . . ` : j .` e ermiae. An �,icati.on nf Proceeds to inctebtedness shall. ���,.�4.'°-
<br /> . may d t Y aPP �
<br /> � � � �.� �•' not extead or postpone the due`date of any papments nnder the
<br /> � ._ ..- ..
<br /> .
<br /> � . �.,��T� • Note. or cnre anp default theYeunder or herennder. . .
<br /> i__. .L- . _ . _• _ • _ _ � _ . _ ___ _ - ` . ____ ' ` _ _ _ . . . . � _ _ "_ � ._. ' ' _ ___-- ."
<br /> -- - - _- � - - --- ------ 7. Performaace b Lender. In the enent of Boxrewer's �- -�-" :� -- .`
<br /> . ` failare to per ona ang of e anvenants herein or make any pay- � ; _
<br />• � - ments required hereby, or if any act is takea or leqal proceeding f- : , . -. _
<br /> _ : .. ' ;- •
<br /> .. ..
<br /> .. � �
<br /> • • aotnacenced which material lp af fects .Leader•� �i�aterest in the ; �, :
<br /> - - ...,-:._.:..::--,....�._
<br />> . �_ .. � property,- Lender may in its own discretiom, but without obliqa- �<�:� ���-�"�- _�
<br /> � ' ,� {� tion to do so, aad without natice to or demand upon Borrower, and i� . _
<br /> � withont releasinq BorroWer from aay obligation* do aay act `►hich i, . _
<br /> • ` � ' " � � � the Borsower has aqreed but fails to do �ad �aay also-do any other i
<br />�` . �� ... ...,. �,.. .� . . , _ .
<br />: _.__ _.. .--.-:-____. _..__._...._: act it deems necessary to protect the secnrity hereo£. Borrawer � : - - - r
<br /> . . . F�._'.•�n" ",i'.
<br /> �_ •' � � shall, im�aediatelp apoa demand therefor by Lender, pay to Lender �
<br />�; •� all costs and expenses incurred and sums exp�uded bp Lender in • . :,�.
<br />-�"� �`- � . � . . ; 'connection with the exercise bp Lender of the foregoinq rights,• �
<br />.;..- , .,� :. .- , :_`.,". - -
<br /> � toqether with interest thereon at the default rate provided in .
<br /> ' � � ��-! the Note, whicb shall be added to the n8 tedness secnred � . �
<br /> .�+r�: � ' � . ; . .
<br /> � 1 hereby. Lender shail not incur any Iiability becanse of aaything • ' ;
<br /> �-'; � � � it may do or omit to do herennder. •
<br /> ' . ' � �� . � _
<br /> �
<br /> ;_ _. . ._ .. _ _ ., . . . ..
<br /> � . 8. Hazardous Materials. Borrower.� shal2 keep the .
<br /> � ` �� � � . i Property� in comp ance with any and all federal, state and local ••°
<br /> '� �lawa, ordinances and requlations s�latinq to fndustrial hpg3.ene . - -
<br /> �� � or to environmental conditions on, under or about tbe Propesty, •
<br />; --. '..��� . ..:- . :- -. . including, but not limited to, sail and groundwater conditions.
<br /> , . . ....... .
<br /> . Trustor shall not use, qenerate, manufacture, store or dispose o
<br /> � • - � on, under or about the Property or transport to dr from the ; � -
<br /> ' �. �. Property any flammable explosives, radioactive materials, hazardous
<br /> ,.'. � � ' � wastea, toxic substances or related materials, iAClnding, without - - � .
<br /> - -�� � limitation, any substances defined as or included fn the defini- : . �
<br /> i: . tfon of "hazardous snbstances", "hazardous wastes", "hazardous
<br /> '� � - � •. � �� materials• or "toxic snbstances" tuider any applicable laws, -
<br /> '+ � ''� � ordinances or segulations (collectively referred to hereinafter � . .
<br /> � , � as "Hazardous Materials") . Borrewer heseby warrants and repre-
<br /> � � - �- • � sents to Lena�r that t2zere are no Hazardous Materials on or under � �
<br /> -�:'- •.--=�--�=-� � the Propertp. 8orrower hereby aqrees ta indemnify and hold .
<br /> � �� � . . harmle$s Lender, its directors, officers, employees anci aqents, •
<br /> � � � and any snccessvrs to 7�ender•s 3nterest, fram aa8 aqainst auy ancl .
<br /> - � � � � ', . •:. �.� � all claims, damage$ an8 liabi.lities arising in connection with ,
<br /> � � the presence, use, storage, disposal or transport of any Hazaraous �
<br /> - . � . - - Materiala .on, nnder, from or about the Property. inc2udinq, with- � ,
<br /> = - ----•> -• • out ].isitation, {a) all aamaqe$ directly or 'indirectly arising . .
<br /> � ont og the nsa, generation, storage vr disposal of. 8azardans `
<br /> , �: '; --____,-.__._-_, Materiale by Borrcwex or any prior owner or operatior of tlze : -
<br /> i � � � ' � Property, aa8 tb) all co$ts �of an►y required or necess�ry repair,
<br /> ° - � cleanup or detoxification an8 the preparation of any closare or .
<br /> �� other reqaired pians, ahether such action is reqnixed or neces- � .
<br /> �� '�' `�'� • sary pricsr to or� follc�inq tsansfer of title to the praperty, to
<br /> '� �r '. the full exten� tha� euch action is attxibnt�ble, directly or
<br /> � _ . ,; .. - � i.�d3i���I�(. t� �tte �p�s�a�vr-�e. .9e�s�raf.3.on► ��arage�,� -r�lesse,�
<br /> " ` � ,. �:� �.:r •_- thseateaed release or 8ispoeal of Hazardous Materials by any ~ � '
<br /> � , '_` • person on the. #+roperty prior to transfer oE titie .thereto by .
<br /> � ��. . . .
<br /> -... ... . ..._ � '..: . _ .. . ,
<br /> �.• . �, . ; . � � � . -3= � ' .
<br /> . �.'
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