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<br /> . r h { _ �0te Properly in �riolatfon oY any la�, . or8i.�anc�+ pr regulatia�n= -
<br /> ': :����.� .�,�'F`` �. .'; . ans� ehal�. Pay. and gromp�ly d�sch��e at �ox�rower's �oe� an� � = -
<br /> , ex,pense all liens, en�umbrauces attd c�targes �leeieil� imposed or. `�'���`���.
<br /> � } . ��3� aeseesed againet tY�e �roperty or a=�p�parE thereo�. , ' 6��.,�; ��l f �
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<br /> . - ;�'-�� '�_s`�- � � , ' � &. Ssd3nent Domairi. T�ender is herehp ass�qried ail _�,; '' ;r��:.
<br /> • ` ' . �',•'�:`. , .� coatpeneation, awa� s, damages anc3 other payments or relief f°_;f<.; :�_ :;>:• :�:r°;:.�.:_:
<br /> .• � . . :" . .; ' (�ereinafter "Pro�eede°) in. co�neatian w3.�h con8ema�atioa or othe� �.' �:';?.�ri-,:�-�":-
<br /> ` "� � �'' taking o£ the Propesty or part t�ereof, or for conney�ance in lfeu `�u "`"`rx �-
<br /> 'r .'� ` of condema�ation. Lettder shall be entit].ed, at its option, to � �?��x��'
<br /> � aoaunence, appear i�a and prosecute i.0 i�s own nama anp action or � ��"�;'�=��
<br /> � ; .,,, ::
<br /> ,.. .: � ` ' " proceed�.nga, aad sh�ll also be en�itlad to make any compromise or :::;,�� �.;:,� !__
<br /> ' se�LlemanC iai conneot3.on with such tak�ng or• daetage. In the � �'��
<br /> � �{ eveaat aa�y postion of the Progerty ie so takes� ar aamaged, Lender , � "'rn '�" y�� �
<br /> , :.�� ;r w� ���:.�..
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<br /> �•`����'><: r sball hav� t�ae option, 3n fts so].e and absolute discseti.on, to ;��-
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<br /> . , _ �` y apply a21 sucb, Praceeds, after deductiaq therefsom all costs and � �~ =—
<br /> � � . � `'� eRpenses incurred bp it in cozinectioa witb such Procee8s, upon, '�� F ,
<br /> . , � � any -indebter7ness secunecl fiere�y and ia such osder as �ender may , . �fl��. . ';._--':--=��
<br /> �: �..� �F�.'`., }�.' c3e�exmine, ox to apply all such Proceeals, af�er ench deductions. - --
<br /> � . � to the restoratfon of 4he Property upoa suc� condf.fiions as Lender . � - --
<br /> . . , .< . �.. . . -
<br /> . .., -
<br /> ;' :- �-. .�., .. .. �� �------ - �- may;de�eri�ine. --�Y..ap�ii�a�on��sf prace�ds�-ta�#.ud�bte�dness -$�ali�--�- --�-----....._ •.�"_.�;- -
<br /> not extend or ost one the due clate of an a ents under the �"1��"-
<br /> P P Y P Ym :.���:=�.
<br /> . .� . � . Note, os cure any default thereunder or P�ereunder. �","�"_
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<br /> ' ° . `� ` :' ' 7. Perfo�mance b Lender. Z� the evsnt of Ba�rmwe�'s _ J _ -
<br /> ' �• � �ailure to perform any o e conenant$ herein or make any pay- ;�::': �:,',;�, �
<br /> � �#. " � . � ,' ��uts requfred hereby, or if any act is taken or legal precee8ing _
<br /> • � cmmmenced �hich materially affeets Lender's interest in the �. _ �
<br /> : ���.,.,.,,..._._�: .-_..-.- $roperty.: Lender may in i�s own discretfon, but without ob2iqa- :��,:�' , � -
<br /> � � tian to do so, and withaut not�ioe to or de.�eanci upon Bozrower, and ,.:;;.��. ; '�
<br /> � :,,. without releasing Borrower from any obligation, do any act which ;; ,::�,: ,.;�; .
<br /> . t�.e Borrower has agreed but fails ta do and may also do any other �:��.,:�;:...;;;:.f_ ,
<br /> � � a�� it deems necessazy to protec� the security hereof. Horrawer :`;`::- �`�`
<br /> � � sl�a3�, imiaedaately upon demancl therefer by Lender, pay to Lencler `�� ���:��=_- - �� .
<br /> ,� L . a�. aosts and expenses incurred and surns expended by Lender in '�. ;j >::�,: �::�:f'
<br /> - civ�ttection with the exercise bg �nder of the goregoing rig�ts, �°-�:'•.;����
<br /> tcigether with interest thereon m� the delEault rate pronideci in � .��•:-:�!:r
<br />- . � �� Note, which shall be added � �to the�debtedness secured � ` ;.: �� , r� `r.,; '
<br /> . s .., Ee��eby. Lender sha21 nat incur any liability because of a�}�thing ` ,����: , ' ��. �,�;_
<br /> ' `'��'�;-s-' �� may do or omit to do hereunder. ' �
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<br /> .; : . .����;;���;±?.: ' : ; ` : � . 8. Hazardous Materials. Borrower shall keep the � � �° � _
<br /> ' '�`�'�:':: .' •' :,���perty in compl ance with any and all federal, state and local . � � '
<br /> :.,�; . . , . .
<br /> � ���s, ordinances and regulatians relating .to industrial hpgiene �' • , � �• °
<br /> . � ' . exr to environmental conditions on, under .�s about the Property, � � � �``;;>
<br /> � _ � f�c3uding, but not limited to, soil and 4roundwater conditions. , • . �:,.s;
<br /> � , � � �'ur�stor ahall not use, generate, manufacture, store or dispose of _ -._•
<br /> � � . � ,;<�;;;`;�;;`�;., m;�,� under or about the Property or transport to or from fhe . .
<br /> . .� �:'����:���;.`�• Praperty any flammable explosives, radioa^tive materials, hazardous .
<br /> ; ' � �` �{;; �. wastes, toxic substaac�s cxr relatec] mat��i�ls, includinq, without .. ,
<br /> ; � � . � �imitation, any substar���s define8 as or �zcluded in the defini- . �. � � �
<br /> � < �,� �' ' 4�acon of "hazardous suh'staaaes°, "hazardons wastes", "hazardous �-�
<br /> .,;;,�:`.,�j • '�;'�,•
<br /> ; ,�.���-�•�.,- � ��terials" or "��os�3c s.�stances° under any apgl�cable laws, � � , .,. �,,�>r,:�. �•� :
<br /> •� ,;. � - '. � as�liaances or ree�nlation� Ecolle�c�ively referred rtv hereinafter �i.�. .� :'';`�:
<br /> 4 , � � as "Sazar�mus 3f��erials"',k, , Borrv�zer herebp warrants and repre- ��`� ' � •
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<br /> . �. �: , sents to ���der zhat t4xes� �re nc� Hazardo�xs Materials on ar uader ;;,•, :
<br /> . � �e Fropezty. �arrower 1�ereby aqrees ttQ n�dem�.�ty an�D hold .
<br /> , . � �:ai�nless Lende�o �ts directors, cCficersy .�rgdyp��3 and �gents, . ; � `':',�'�,�
<br /> �.d any suaaessors to Lender's �nt�rest, �rda aasc� aqains� any anc� , '' ''
<br /> � r;' all claiom�, damages and giabilitiea ari�t:rig in eonnectnsr� �rith ' � "
<br /> �tf�� ,' fhe presence, use, storacye, disposa2 or �,ransport of any l�azardous � "
<br /> . , :� ,�, � Materials on, under, from or about the Property, includircg, with- �
<br /> �''� '�': out limitativn, (a)� all damages directly or ind3,rectly �arisfng �
<br /> � �•`��' out of the use, generation, storage ar disposal of HazarBous � ��
<br /> . �::.� .
<br /> � `i � ��:� `'� � � Materials by Horrower or any pr3.or awner or operator of the ;
<br /> � �,� ��. • Property, and tb) all costs of any required ar necessary repair, E �
<br /> ;;, �. �� � cleanup or detoxiEication and tihe preparation of any clasure ar �
<br /> � �; �� other required plans, whether such action is required or neces- ;
<br /> '; . sary prior to or followinq transfer of title to the Property, tio ' `
<br /> ; ;:, � � the fu].1 extent that such action is attributable, d3.rectly or � . ,
<br /> � `t �; fndirectly, to ,the presence or use, generation, storage, release, ' �
<br /> - � `�---�-���-�-�-�"-�� threatened release or disposal of Hazardcns Materials by any � �
<br /> � � ' person on tlae Froperty prior to transfer of title thereto by
<br /> i;. ;. � � � ;
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