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<br /> � 'i'� 1 .•'nL'D��'�'�X�Y
<br /> ' '�. • .,� .... ... _.,_ ,�. �zar.c.+lt�roii)
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<br /> ' 93..� 107�'18
<br /> tt►� ltrop�rty in violation of any l.aw, ordinanae, or requlation�
<br /> and •hall pay end promptly dieoh4rg� e� Borrowsr • ao�t and
<br /> expenae a�ll liens, �e�aumbrana�• and ohaxgeR levisd, impor�d or
<br /> a�a�sa�d aqaiast tha Prop�rtiy or aay pe�rt �her�ot. �
<br /> '; 6. �mi�ent Domein. Lender ia hereby aoaigned r�ll
<br /> oompensation, nwar a, ama�es and other paymentp or reli�i'
<br /> (hereinafter "proceeds") fn conneation with condemnation or other
<br /> teking o! the Property or pnrt �hereol, or for aonveyance in lieu
<br /> of condemnation. Lender shall be entitled, At itio option, to
<br /> aommence, appear in �nd proseaute in ito own name sny action or
<br /> proaeedinge, and� shall also be en�itled to mske any compromiae or
<br /> eet�lement in aonnectian with euch �aking or damAge. In the
<br /> event eny portion of the Property is so taken or 8e�maged� Lender
<br /> � � shall have the option, in its sole and abeolute diearetion, ko
<br /> = apply all auoh Proceeds, after cleductinq �1lerefrom all co�te and
<br /> ,,;_ �>:• �:,..��', expenses incurred by it in connection with suc� Proceede, upon
<br />� 1..,.-_.�-�, ,�. � - ar�y indebtodneas eecured hereby t�nd i� suah order ae Lender tnay
<br />� ` f`� '�� ��'''''""" '� determine, or �o apply all such Proceed4, a�ter auch deduct�l��a, ,
<br /> � �-� . �� � ` to ki�e re8torntion of the Property upora auch conclitions as Lender
<br /> .,,, �:�,�:,
<br /> �,.:' ��;:: ;='��i>��i':��� .,�., may determi�ne. F�ny ap��icat�on of Proceeda to indebtedness aha11
<br /> l�. ti;��.;;.,��`����'�:,:;���,'.,`:,� not extend or poatpor�e the due c7ate of aaay pa�nrnenta ua��er t3��e
<br /> � tY , ��. a��� n�;�E��1 a�r.
<br /> 7:� �;t,�a:��, ��•.:�,+��i�.;;t�+� ;a,tM Note, qr cnre any dofault thereunc�er ox hereunder.
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<br /> • ��,"' " ',r"r!,;�'�;�;;�,, 7. Performance b Lender. In the event of Hozrower'e
<br /> ����''����„����"'''�' `'� '''' #ailuze to pex orm an of ti e covenante herein or make any pey-
<br /> ',� �.. ��� . . ..,,,'.�;;�„":�•?...�,,.,y Y
<br /> '''`��''�� ��''�'•r`;'':�t ments required hereby, or if any act is taken or legal proceeding
<br /> �;,:�.'.:.' :
<br /> • commenced whiah materially affecta Lender's interest in the
<br /> � Property, I�ender may in its own disazetion, but without obliqa-
<br /> � tion to do so, and without notiae to c�z� dEnanc3 upan 8�rrotvez, an�
<br /> without releasinq Borrower from any obligation, do �ny �at which
<br /> � � . the Borsower hns agreed but �ails to do and may aleo do any other
<br /> act it deema neceseary to protect the s�curity her�o�. Borrower
<br /> ehall, immediately upon demand therelor by Leoder, pay L•o Lender
<br /> . all coete and expensea inaurred and �am� �xpend�d by Lander in
<br /> , • connaction with the exercise by Lander o! tihe Poreqoinq right�,
<br /> 4,; �� together witl� intereet theseon at the default rnte provided in
<br /> a� the Nate, which ahal]. be aaaea to the`�n�e6�ednees secuxed .�_
<br /> .�;; hereby. Lender shall not incur any liabili�y becauae of anythinq
<br /> d'� it may do or omi� tio do hereunder.
<br /> ��� � e. Hazaxdous Materials. Horrower ahall keep the
<br /> Property in compl ance w t Any and all federal, state and local
<br /> 'I laws, ordinances and regulations rela�ing to industriel hygfene
<br /> � or to environmental conditions on, under or about the Property,
<br /> : � including, but not limited �o, soil and groundwater conditions. '�-�.
<br /> � � Truator ahall no� use, generate, manufacture, store ox dispose of =�;h�
<br /> . on, under or about the Property or transport tio or from the
<br /> � � . Property any flammable explosives, radinactive materials, hazardoua ��.
<br /> � wastes, toxic substances or rela�ed ma�erials, includinq, without .
<br /> � ].imitation, any substances de£ined as or included in the defini- ;;�}
<br /> i , � � tion of "hazardous subetances", "hazardous wastes", "ha2ardous
<br /> materials" or "�oxic substiances" under any applicable laws,
<br /> ordinances or regulations (collectiively referred to hereinafter
<br /> , as "Hazardous Materials") . 8orr4wer hereby warrants and repxe-
<br /> y � sents to Lender that there are no Nazardous Ma�erials on or under `
<br /> the Property. t3orrower hereby agrees to indemnify and hold !
<br /> harmless Lender, itis directors, �ffice ra, employees and aqents, .
<br /> � ; - and any successora to Lender's interest, from and �►qafnst any and �
<br /> � � � all claims, damages and lfabflities arfsing in connectinn witih
<br /> • the presence, use, s�oraqe, disposal or transport nf any Hazardoua ,
<br /> • t Materials on, under, from or aUout �he Property, including, with- ;
<br /> �� _ aut limitation, (a) all damages directly or indireatly arising
<br /> - --_ ' - VYY :.= t!;� ,ws_, genpration. storage or ciisposal of Nazardous �
<br /> � �� , Materials by Horrower or any prior owner or operator of the �
<br /> � y �; , � Property, and (b) all costs oF any required or necessary repair,
<br /> .. � •r'.�:,.��.' ;� cleanup or de�.�xifncat�aon a�nd the preparation of any closure or
<br /> , � ,��� ;,,', � � �{ other requireal plac.s, whethe� s�a�fi action is required or neces-
<br /> ��"` �� ssug� pr$��c �.m ar fs�lluwinq ��'��s�er alE t�.tle to the �roperty� to
<br /> � ��'� 1 ��' ; „�
<br /> � , t�ne f��1 esc��er,t that such ��tio:n 2s� a�tribntable, directly or
<br /> i i�; `° '.t;;�}+�;�'�• � ir�di�ect�.y. 'ts� the preser►ce �r us�, ���u�ra�aan, storage. rel�ase,
<br /> � p ;51-��y1' threaten�d �el�ase a� d£sg�a��a�. of �azarc�arss Materials by any
<br /> . . person oc� the Prop�rc�y pridr to transfsr of title thereto by
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