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<br /> the PrapertX in violation of aay law, ordinanoe, or regulationt
<br /> ,��_ _,..�, _���. , and shall pay and promptZy disaharge at lBorrower's aost aad _
<br /> ''`�'� expense ali liene, encwmbranaee and ahargea levied, imposed or
<br /> � 'r"'� '`' asseased againet fihe Property or any part thezeof.
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<br /> �''�F�A;'�.'M;����'"' 6. Emineat Dnmaia. Lender ia hereby assiqnad all
<br />_ .. aompensation� awar s, damages artd other payments or relief _.____
<br /> � .. ° thereinafter "Proaeeds") in conaeation with condemnation or other
<br /> � � �'. taking o� thQ Property or part thereof, or �ar convsyanae in lieu -
<br />,, �� , � o� aondemnation. Lender ahall be entitled, at it� option, to --
<br /> ' aommenae, appear in and pr�secu�e in �.ta own name any aatioa or �
<br /> # ` � �� � ,: proaeedings, and shall also be entitled to make any compromise or �-_
<br /> In the •`,.��--
<br /> • � -� settlement in aoaaectiaa with suah taking or damage. ---
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<br /> / , • event any portion of the Property is so taken or damaqed, Lender �,
<br /> � " . s h a l l h a v e t h e o p t i o n, i n i ts sole and absolute discretion, to �,. �;";�=_-
<br /> � apply all such Proaeeds, after deduatinq therefrom all ccsts and •�•��� �
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<br /> � , :._ . � � expensea inaurred by it in aonneation with auch Proceeds, upon :.• ��r�:::..
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<br /> - --�-'-._�-_--". any indebce+d,•rsarr �sGC;uta3 ha�shy and 3n such ardsr as Land�r may . . _
<br /> " � • determine, or to apply all such Proaeeds, after suah deduations, � -
<br /> to the restosat3.on of the Proper�y upon such co�ditions as Lender . �.�.�:__
<br /> � may determine. Any application of Proceeds to indebted�xess shall ,
<br /> : � not extend or pos�pone the due date of any payment� under the • . � _____
<br /> Note, or aure any deEault thereunder or hereuader. .��V
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<br /> 7. Performance by Lender. In the event of Borrower's =�`
<br /> . ,, •.� failure to per arm any o the covenants herein or make any pay- � _
<br /> ments required hereby, or if any act is taken or legal proceeding . �. `•
<br /> commenced which materially affects Lender' s interest in the "
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<br /> Property; Lender may in its ocm discretion, but without obliga-
<br /> . tion to do sa, and without notice to or demand upon Borrower, and '' �•��
<br /> without releasing Sorrower fxom any obligation, do any act which '' �
<br /> the Borrower has agreed but fails to do and may also do any other
<br /> act it deems necessary to protect the security hereof. Iiorrower
<br /> ahall, immedia�ely upon demand therefor by Lender, pay to Lender �
<br /> all costs and expenses incurred and sums expended by Lender in ��',�''�`
<br /> � connection with the exercise by Lender of the foregoinq riqhte,
<br /> together with interest thereon at the default rate provided in i " ��
<br /> �!.' the Note, which shall be added to the nde tedness secured i �
<br /> � � hereby. Lender shail not incux any liability because of anything I ;;�.)►��'�_
<br /> � �� it may do or omit to do hereunder. '. ;..J�;: � '�#�
<br /> 8. Hazardous Materials. Sorrower ahall keep the ' f'
<br /> � Property in compl ance w th any and aIl fe8eral, state and local , �'
<br /> t � ";�s
<br /> laws, ordinances and xegulations rela�ing to industrial hyqiene " . �a�
<br /> or to environmental conditions on, under or about the Property, ;
<br /> , � includinq, but not limited to, soil and groundwater conditions. ; ' ::''--�'�
<br /> Trustor shall not use, generate, manufacture, store or dispose of r�
<br /> on, under or about the Property cr transport to or from the '=
<br /> Property any flammable explosives, radinactive materials, hazardou s
<br /> wastes, toxic substances or related materials, iticluding, without
<br /> lim3tation, any substances dofined as or included in the defini- �.
<br /> tion of "hazardous substances", "hazardous wastes" , "hazardous ' ' .
<br /> �' materials" or "toxic substances" under any applicable laws, •
<br /> 1 ordinances or regulations (c411ectively reE�rred to hereinatter '
<br /> � as "Hazardous Materials") . Borrower hereby warrant s and repze- '
<br /> I sents to Lender that there are no Hazardous Materials on or under
<br /> . the Property. Borrower hereby agrees to indemnify and hold .
<br /> � harmless Lender, its directors, officers, employees and agents,
<br /> and any successors to Lendex's interest, from and against any and
<br /> � aIl clai.ms, damages and lzabilities arising in connection with -
<br /> the presence, use, storage, disposal or trancport of any Hazardous , .
<br /> �f Materfals on, under, from or about the Property, inc luding, with-
<br /> �a_:�_�t_ i_� _�� a,. a� ..a.t. t«az.. ..s.T. ..s..
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<br /> out of the use, qeneration, atorage or disposal of Hazardous
<br /> ��� Materfal s by Borrower or any prior owner or opprator of the
<br /> ; ` �; Property, and (b) al1 costs o£ any required or necessary repair, .
<br /> .;� c�.eanup or detoxification and the preparation of any closure or �
<br /> ; , other required plans, whether such action io required or neces-
<br /> : sary prior to or following transfer of title to the Property, to
<br /> � the full extent that auch uction is attributable, direetly or
<br /> ; �� indirectly, tio the presence or use, generation, storaqe, release, "
<br /> �` threatened release or disposal of Hazardous Materials by any
<br /> � � peraon on the Property prior to transfer of tftle thereto by
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