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<br /> - . . � - . � . .. . . _ , . . _ , . . .. : . -.
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<br /> . . the Property fn v�oZation��of �y �Iar, or�inaac�, or'`s�1�Eioi�t � �.
<br /> aad shall p�y 'a�nd pro�ptly discharq� at aorr�ter`�t cost ,aAd ,
<br /> �p�ass� dll �liens, encuabrsnces _aad chasq�s �e�i�d, ispos�d� os � - _.
<br /> � assesaed aqafnst the Property or any past the�eof. . ; , °
<br /> , . , �
<br /> � ' 6. . Sminent Dooain. Leade� is herebg� assiqsied a11 �� ` �
<br /> _ -- - caipensationt awar s, . amages .snd o�er paya�entr or� ,x�Iie�-_-: .;_ __ ,_ _
<br /> � �hereinafter "Proceeds"� in connectioa witli cortderanat3o� or �ctJser
<br /> -- takirtq of th� Property or psrt �he�ceof, or far convayaace in li�o, -
<br /> -� of .aonde�ation. Lender akall. be eatitled, at fts optioa� to -_
<br /> -:�� � cqience, appear in;and prosecute ir� fts aMa nass any �ction.or. �
<br /> _ � proceadings. and shall also be entitled ta a�a1�e any cc�Pra�is� or - .
<br />=�.�_ � aettleasnt in eenaectfon, .M i t b suc h° t a k i aq or_ d a u g e• � �� �
<br /> "' �evsnt aay por�3ton of tha Property is so taken cr daqir�ged. Lender "
<br />':: r ' shall hava the aptfon, in its sole ana absolute discretion, to
<br /> - � apply aII such Proceeds, after dednc�fng tlterefra� all cost� �nd
<br /> ` _ espenses incurred by it �in connection,a3.th such Psocaeda, upon -
<br /> . � any in�ebtedaess securea hereby aad in sucb order �s Lender way
<br />� �:�'•'� detexifne, ar to apply a2i snch Proceeds, aftes such dednctions, •�
<br /> • to.the restorat�on of the Propesty npon•�uch ao�aaitfvas u I.�nd�r
<br />` ��'f'• s�ay deter�aine. �#a� app2icatfon of Proaee8s to iadebtedness shall.
<br />. ;. � not _extead or postpone the due clate of any psya�ents under thc� ..�:-
<br /> � ° i�ote, or care any default there�ader or hereander. -
<br /> , _ ,_ ___
<br /> _ �. � 7. Performaace 'bv Lender. Irr the event of BorraKer's;. , . -- --- ---
<br /> -'. `� €a3.laire to pesform any af, the covenaiits herein or malGe any pay- .�
<br /> . . :,� - ments required hereby, or if any act is talcen or leqal preceedi.nq ,
<br /> � couoaenced wl�iah materfaliy nffeats I�ender's iaterest in .the
<br /> . �''" . , preperty, Lender may i:s its os+n discretion, but without obliqa-
<br /> - tion to do so, and withca�t. notice to or demand upon Horzower; and ,
<br /> � . without releasing Horros+er from any obliqation, do anp act ttbich
<br /> the Horrawer has agreec2�8nt fails to do aad may also do anp other
<br /> ' - :;' , ,aet it deems neces�ary to protect the secarity hereoa� to�Lende �
<br /> � sltall, iaaaediately upon demand therefar by Leader, p y
<br /> - , , -:tj� , . all costs and expenses �currecl �nd sums ex�ended by �.ender in . _.. _- __
<br /> ` �- � connect'son with the exercise by Lender of .the foreqoinq rights. _
<br /> � �__
<br /> � � . toqether with interest thereon at the defaalt rate provided £n , � .''y.J„ti,��
<br /> � - �-.,� � � �e Note, wbich shall be added to the inde�i'tedness aecnred . . z�
<br /> :'��� • ` � hereby. I,ender shall not incur any liability because o� anyt�{�kg� � �.
<br /> • . �t, . _ . �:,::�..-��:
<br /> � � . it may da or omit to do heseunder. � - � �_�: __
<br /> , ;: <.i:�.�-: .
<br /> a; >.
<br /> � g. �azardaus Materials. Horrower shall keep the •__��- ;-�-
<br /> _.:�:
<br /> �� 3 � � Propertp in co� iaace w aay and all federal, state and local •� �.'-��
<br /> -�---
<br /> . �:�;;�`� . law�, or�inances and regulations relat3.ng to industrfal. hyqiene :,, _- ---
<br /> - `-=F°:�`�� �- or to� e��.ranmental cott�itions on, under or ahout the Fsoperty, " � , � �- . �_
<br /> :�:,�,
<br /> " �`'`'`�� � includimq, but nct limi�ecl to, soil and groundwater ca�fiitions. . '-_�� -�-
<br /> .�' - . •: .
<br /> �.• Trustoz sha11 nc� use, qenezate, manufa��tire, store or c�ispase of ( . �
<br /> �` • on, under or a��aut tIte Property or tran�post to or from the "� ��'� _
<br /> ' .�topertg any f2ammable explosivea, ra8ioactive mater3.als; haza�edoua
<br /> ��� aastes. �oxic substances or related materials, incluclincy, w�thc�t . � _��` �` *`�.�° `
<br /> - - �'{:s_,�-;�. - : ''.`-••.•------------
<br /> -.��,-,�•,, .. limitatidn• any substakces de€ined as cr included fn the defini-� : , _ . ....
<br /> 1:�•';�''°�•�. tioa of "hazardous subs�ances", "�azasdons was�es", "hazarda�s• ;.;
<br /> -�" �`�-,''� �� materials" or "toxic substaaces" under any agpliaable laws, f ;;,:', '
<br /> � �•.::,;�; ,::;;;�.
<br /> .�-�-., -.;_� .;. ordinancea or regulati�ns (col�ectively referred to hereina#fiex . � ,`„�;,
<br /> . _ � . .;�! as "Hazardous Materials."�. Ho��ower hereby warra�ts azzd repre- ! � ..
<br /> , � sents tio Lender that there are sio Haza�rdous Mater3als �n ar under .
<br /> ?�-�'�r�� the Property. Horrower hereby agrees to inde�an3fy ar.a� ho�d � f
<br /> "``"���' harmless Leadez� its directors, o�ficers, empiageeg and aqeats, . _;
<br /> `°.``� �- . to Londer's �Ateres*_, from.��cd against aay ascd' i '� ,�'=;�.. . .
<br /> : �,.;;;.,• • and any successors ,
<br /> �.� ,.�..,._...
<br /> �.: �;1.-__: all elai.ms, damaqea an8 liabilitfes arising fa connectioa rith ; .
<br /> � - � the pres�ce, use, storaqe, d3sposal o�: �ranspnrt of any �azardoos � � �- . -
<br /> Materials on, uader, from or about the Propezty, 3nclud3ag, wi.th- '. . .
<br /> ' . = � � out limitation,,, (a) all aamaqes c]irectly or inairectly arisiag ;
<br /> � • . �'��;.: ��, . . ovt of �the us�, qeneration, starage or disposal of Hazardaus . . . .
<br /> :�-��-• � � � Matesials by Borrower or any prior owner or operator o� the
<br /> _ � _ ,�• .�� _ .�. . , Property, and tb) al2 �costa of any required or necessary repair,. •
<br /> � �'� �• . �� clea�up or detoxification �and �he preparation of any closuze vr . ,, •
<br /> � «;�.� � : other requirec] plans, whether such action is reqnired or neces- , , �
<br /> � sary prior to or following transfer of title to the Praperty, tio � ,
<br /> � " � the fn21 extent that such action. is attributable, 8irectly or �
<br /> .�`"�� � indirectly, to the presence or use, ,generativn, ' storaqe, release, .
<br /> - � threateasd release or disposal of Hazardous Materfals by any
<br /> - -•-,-_--:—�_�.-.--. _
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<br /> . . . . �� ,-- =-- -__
<br /> � � ' �. person o� the PropertY Prior to transf�� ag �itle thezetv bY _ --: - --
<br /> : . .�;�:_ .�. � . :. _ _.. _ __ .. _ . ._ _ . _ _ . _ _ - - -3- _ � _ _ . _. . . . .
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