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<br />14. DEFAULT. 'truster will be in default if any party obligated on the Secured Debt fails to make payment when due. 'I rustor
<br />will be in default if a breach occurs under lire terms of [his Security Instrument or any other document executed for the
<br />purpose of creatinit, securing or guarantying the Secured Debt. A good faith belief by Beneficiary that Beneficiary at any
<br />time Is insecure with respect to any person or entity obligated on the Secured Debt or that the prospect of any payment or
<br />the value of the Property is impaired shall also constitute an event of default.
<br />15. REMEDIES ON DEFAULT. In some instances, federal and state law will require Beneficiary to provide Trustor with
<br />notice of the right to cure or other notices and may establish time scheduas for foreclosure actions. Subject to these
<br />limitations, if any, Beneficiary may accelerate (tic Secured Debt and foreclose this Security Instrument in a manner provided
<br />by law if Trustor is in Default.
<br />At the option of Beneficiary, all or any part of the agreed fees and charges, accrued interest and principal shall become
<br />immediately due and payable, after giving notice if required by law, upon the occurrence of a default or anytime thereafter.
<br />In addition, Benefcmy shall be entitled to all the remedies provided by law, the terms of the Secured Debt, this Security
<br />Instrument and any related documents, including withom . limitation, the power to sell the Property.
<br />If [here is a default, 'Trustee shall, in addition to any other permitted remedy, at the request of the Beneficiary, advertise
<br />and sell the Property, as a whale tir in separate parcels at public auction to the highest bidder for cash and convey absolute
<br />title free and clear of all right, title mid interest of Taster at Such time and place as Trustee designates. Trustee shall give
<br />notice of sale including the time, terms and place of sale and a description of the property to be sold as required by the
<br />applicable law in effect at the time of the proposed sale.
<br />Upon sale of the pro ppertyy and to the extent not prohibited by law, Trustee shall make mid deliver a deed to the Propperty
<br />sold which conveys ahstilute title to the purchaser, and after first paying all fees, charges and costs, shall pay to BeMiary
<br />all moneys advanced for repairs, taxes, insurance, liens, assessments and prior encumbrances and interest thereon, and the
<br />principal and interest on the Secured Debt, paying the surplus, if any, to Trustor. Beneficiary may purchase the Property.
<br />I he recitals in any deed of conveyance shal be prima facie evidence of the facts set forth therein.
<br />All remedies are distinct, cumulative and not exclusivc, and the Beneficiaryy is entitled to all remedies provided at law or
<br />equity, whether or not expressly set forth. The acceptance by Beneficiary ol'any min in payment or partial payment on the
<br />Secured Debt after the balance Is due or is accelerated or after foreclosure proceedings are Pled shall not constitute a waiver
<br />of Beneficiary's right to require complete cure of any existing default. By not exercising any remedy on Trustor's default,
<br />Beneficiary does not waive Beneficiary's right to later consider the event a default if it continues or happens again.
<br />16. EXPENSES; ADVANCES ON COVENANT'S; ATTORNEYS' FEES; COLLECTION COSTS. Except when
<br />prohibited by law. 'Trustor agrees In pay all of Beneficiary's expenses if Trustor breaches any covenant in this Security
<br />ItStnuncut. 'I rustor will also pay on demand any amount Incurred by Beneficiary for insuring, inspecting, preserve or
<br />otherwise protecting the Property and Beneficiary's security interest. These expenses will bear micros( from the date ofgthe
<br />payment until pant m full at the highest interest rate in effect as provided in the terms of the Secured Debt. Trustor agrees
<br />to pay. all costs and expenses incurred by Beneficiary in collecting, enforcing or protecting Beneficiary's rights and
<br />remet es under this Security Instrument. This amount may include, but is not limited to, attorneys' fees, court costs, and
<br />other legal expenses. This Security Instrument shall remain in effcel until released. 'Trustor agrees to pay for any
<br />recordation costs of such release.
<br />17. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (1) Environmental Law
<br />means, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA, 42
<br />U.S.C. 9601 ct .seq_), and all other federal, state and local laws, regulations, ordinances, court orders, attorney general
<br />opinions or interpretive letters concerning the public health, safely, welfare, environment or a hazardous substance; and (2)
<br />Hazardous Substance means any toxic, radioactive or hazardous material, waste, Whiten( or contaminant which has
<br />characteristics which render the substance dangerous or potentially dangerous to the public health, safety, welfare or
<br />environment. The term includes, without limitation, any substances defined as "hazardous material," "toxic substances,"
<br />"hazardous waste" a' "hazardous substance" under ;my Environmental Law.
<br />'(rustor represents, warrants and agrees Thal:
<br />A. Except as previously disclosed and acknowledged in writing to Beneficiary, no Hazardous Substance is or will be
<br />located, stored or released on or in the Property. This restriction does not apply to small quantities of Hazardous
<br />Substances that are generally recognized to be appropriate for the normal use and maintenance of the Property.
<br />B. Rxcept as previously disclosed and acknowledged in writing to Beneficiary, 'Trustor and every tenant have been,
<br />are, and shall remain to full compliance with any applicable Environmental Law.
<br />C. Trustor shall immediately notify Beneficiary if a release or threatened release of a Hazardous Substance occurs on,
<br />under or about the Property or there is a violation of any Environmental Law concerning the Property. In such an
<br />event, Trustor shall lake all necessary remedial action in accordance with any Environmental Law.
<br />D. "Nestor shall immediately notify Beneficiary in writing, as soon as Trustor has reason to believe there is any pending
<br />or threatened investigation, claim, or proceeding relating to the release or threatened release of any Hazardous
<br />Substance or the violation of any Environmental Law.
<br />IS. CONDEMNATION. Trustor will give Beneficiary prompt notice of any pending or threatened action, by private or public
<br />entities to purchase or take any or all of the Property through condemnation, eminent domain, or any tither means. Trustor
<br />authorMS Benefcimy to intervene in Trustor's name in any of the above described actions or claims. Trustor assigns to
<br />Beneficiary the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any
<br />part of the Property. Such proceeds shall be considered payments and will be applied as provided in this Security
<br />Instrument 'Phis assignment of proceeds is subject to the terms of any prior mortgage, deed of trust, security agreement or
<br />other limn document.
<br />19. INSURANCE. 17uslor shall keep Property insured against loss by fire, flood, theR and other hazards and risks reasonably
<br />associated with (he Property due to its type and location. This insurance shall be maintained in the amounts and for the
<br />periods that Beneficiary requires. What Beneficiary requires pursuarrt to the preceding sentence can change during the term
<br />of the loan. The insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficiary's approval,
<br />which shall not be unreasonably withheld. If'I'rustor fails to maintain (he coverage described above, Beneficiary may, at
<br />Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property according to the terms of this Security
<br />Instrument.
<br />All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" and,
<br />where applicable, "loss payee clause." 'Trustor shall immediately notify Beneficiary of cancellation or termination of the
<br />insurance lienelicimy shall have the right to hold the policies aid renewals. If Beneficiary requires, 'Trustor shall
<br />bronediately give to Beneficiary all receipts of paid premiums and renewal notices. Upon loss, Trustor shall gfee immediate
<br />notice to the insurance carrier and Beneficiary. Beneficiary may make - ---i- my by Trustor -
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