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<br /> - - ------ � -. ` . , . � ` ` . ` � , -.- .. - . . ���-_ ����V� `
<br /> ` � -the �*rop�rtX�in �cio�atian af a�iy �aM, ordinsnae, or regulation:. . , �
<br /> . ` aa8 ahsll PsX �d Pr�P't�Y diseh�rqe� a�t ,8orrater's coat �nd
<br /> _ expenae. all iiens, encusbzances and charges levied, i�po�ed oic �
<br /> - ' , s�s�ased aqainst the Propestf� or any part thareof. . • , � .
<br /> . � � 6_ 8ainent Da�ain. Lender is hereby aasfqnecl all
<br /> ca�pensation, awar s. asaqes and other =Pa�aents��ar �e2ief_ . . -_ .
<br /> �heref�aa�tier •Proceeds"t iu aonnect�o� With eondeanatioa o�r other
<br /> ' " taking of !he Preperty or Part thereof,`or fos convepaace �n lfau .
<br />_�-" of conde�natiori. Lender sball be entitaed. ��-its option. to �:
<br />_- cawence, aPpear in and proaecute �i.n its own Aaa�e any: action or
<br />,;; proceed3aqs, and sba12 a1sQ be entitled ta Aake aay co■proAise. or.. ,
<br />_-_ � settiaweat in coruzeation xith auch taking or dau�age. In the ,.
<br /> _- � - eve�� anY P�rt3�an-of the=Property �s;-so-take�as-3�aaqsd.-I.ender -..-- - -
<br />,'1 .shall have the optioa, 37n its aole an8 absolute discretion, to
<br />�.: apply all such Proceedss after dedncting �therefro�:all costs and
<br /> expensas incarred by it in connection vith such Precaeda, upon , ,
<br />- � aag indebtednesa secnred hereby an8 in such order as Zender siay
<br /> dstes�sf.ne, or to apply all auch Pxoceeds, after such: dednetioas. -_-
<br /> - " _ ' to t]Ys s�storation of the_PrcpertY upc�n such coaditions as. Lender -
<br />-' -- -- -- -.. �MY �etes�fne. Any applicatfon Qf Proceeds to 3ndebtedness°sAa32 - � - �,- _
<br /> :- , �. � not e►actend os postpone the due date of any paywents under the -
<br /> 1bte, or care any .default therean8er or herennde�. ' �w -
<br /> .,t . - �--
<br />� � . '`� � 7. Performance by Lender. In the event of Borrower's "�
<br /> t���'
<br /> -° .failuze to perform aay of the coveu��s herein or sake aay pay- - : � �'-°r •
<br /> " �� ments �reqaised hereby, or if any act is taken or legal proceedinq �._��
<br /> •`'` co�mence8 which mateziall aftects Lender's interest in the �='� :
<br /> y �.���g::�
<br /> ���' Property, Lender may in its o�m discretion, bu� �rithout obiiga- t--�-
<br /> ' �;�:�. tfon tv, da so, ancl without notite to or demaad upaa Hasrower, and
<br />- • Borrcrt+�e� from an obli ation, do any act ahich ��`$''`�
<br /> °` = Withaut- releasiaq Y S ��"'�-
<br /> ��� the 8orro�r�= has aqreed bnt fails to do and may a�so do any other _.—=-
<br /> :
<br /> ". act it dee�s aecessary ta protect.the secnrity hereof. Sorrawer _� :,.:-
<br /> `��` � sha1l, ima�iately upon demasid therefor by i,ender, pap to Lender --
<br /> j. ' °�:ur
<br /> all costs and expenses incurred and s�ns eicpended by Lenaer in ;: :�,.,=��-
<br />' co�nection with the exercise by Lender of the foregoing rights, � �.-,�'��-����°°�:��_
<br /> � together v�ith interest thereon at tt�e default rate provided in �� �� � ��.=-
<br /> . �a7 -��L .�.
<br /> �, ,,`:� the Note, which shall be added to �he ndebtedness secured ' '� ':. ;,°�'
<br /> � hereby. Lender shail not incnr any liability because of anything �: .
<br /> it may do or omit to do herennder. _ ___
<br />� � 8. sazardous Materials. Horrower shall • keep the �� _-
<br /> � � � Property ia comp ance W t any and all Eederal, atate and local i� � , °�7:;�-;
<br /> k�-� ' lawa, erdinances and regulations relatiaq to inaustriai hygiena � �= ,�:,_:
<br /> 4n.4.
<br /> ���_� � � .or to environmental con�itions on, under or about the Property, . � -,„ �,;:-
<br /> � " inclndinq, but not limited to, soi2 and qroundwater conditions. "�-`.
<br /> Truslor ahall not use, genera�e, manufacture, stere or dispaee of E � : '�
<br /> " ,.:>'�' ar abaut the Pro ert or transport to or frvm the s.� , �'�':
<br /> on, under P Y
<br /> ;'�« �roperty any flammab2e explosivea, radioactive �a�esials, hazasdous �. � : ; �"
<br /> � �rastes, toxic substances or rela�ed materials, including, withont ; . � ,,;. =
<br /> - - s.- �.i,mitation, any subatances defiaed as or includ� in the defi�i- . , ''� _ : _ ;
<br /> , .'}:�`; .
<br /> � - tio� of "hazardous substan�s". "haza=dovs was�es", "haz�ardous `s _ _ .
<br /> materials" or "toxic suFss�ances" nnder any app2fcable &aws, !' �, ,
<br /> � ,��`��r��'r.'. . : ordinances or requlations (collectively re£ei'Yea, �o hezeinafter �
<br /> � as "Hazardous Materials") . Horrawer hereby warr�nts and repre- � .- --� - -
<br /> � ` aents to irender that there are no Hazardons Materials on or uader , ' � �
<br /> a�,�°' the Proge�ty. Sorrower hereby aqrees to iadems�ify and holcl �'
<br /> •.�• haxmleas �Lendes, its directors, officersf emp2ayees and �qents, !.'
<br /> '�,::-.,.:, :
<br /> • ' r �� �:-'�- and a�y successe�xs to Lender's interest, �rom and agaf�st any an8
<br /> � aIl claims, da�aqea an8 liabilities arisfng 3.n connection with , ; , ,
<br /> -���_ � � . .
<br /> �=� `{°°�'� �he presenee, use, storage, dis�sal ar transpor� of any Naaardaus , .. ,
<br /> ; . :,; � Dlaterfals on, un8er, fsom or a�sc:�t the Propertg, includiag, WiCii-.:� � '-
<br /> � � �; �� . . out lim3tatfon, �a) ali da.�nages disectly or indirectily arigfng '
<br /> � � - - out o£ the use, genera�ion, storage at,_dfsposal of Aazardous . , 1 � • •
<br /> �� � � 1Katerials by eorraaer or any prior owner or operator of the � �
<br /> ' ��_, .���! Property, and (b) all costs of,any requirecl or necessary repair, .
<br /> . �;, : aleanup or detoxification and the preparation of any closure or - � - - : �- -
<br /> � otAer xequired plars, whether such action is requirec2 or neces- ,
<br /> `' � .� sas�y psfor to or follawing trar�sfer of tiitle to the Property, ta �
<br /> ' � � the full extent that surh action is attributable, directly or ; ,
<br /> • � in8irect�y�, to the presence or use, generation, s�orage, re2ease,
<br /> � � �breatanen release or dfsposal .of Hazardovs Materials by any
<br /> _ •_•;
<br /> .-_- - . - `or tr� transfer oE -t�t��--�herete�--by �
<br /> ��[8on�a� �he F�repertY prz
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