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<br /> � tho F�xoperty �.n viola�ion of any law, orclinanc�, ��r r�gulat Ani
<br /> , � , und oh�all puy �nd promp�ly dfs�c�ax�ge at ,�3��rurtar'c� coet and __
<br /> e,xpenee all lien�, oncumb�an�ee and chargeo leyied, imposQd ox ,: , . ,
<br /> asoeeaea againa� the Propex�� ar a�fy part t�ereof. _ �--
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<br /> , 6. Eminent Domain. Lender ia hereby aseigned all ��
<br /> � • compeneation, awards, a�amag�a A�d nt�er paymente or xeli�f '_!�._:-
<br /> (hereinaftor "Proceeds") in connectian w�.th candemnation or other
<br /> taking of the Property or part thereof, or for conveyance in li�u �
<br /> of condemnation. Lender shall be entitled, at ite option, to ��'--�
<br /> • commence, a�pear in ancl pros�cute �n ite own name any acS:ion o�c �
<br /> proceedings, and ahall also be entitled to make any compromise Ar � � " °
<br /> se�tlemen� in connection with au�h taking or damage. In the +��
<br /> � event any portion of the Prop�rty ia so �als.en or damaged, Lender � ��
<br /> shall have the option, in ite sole and absolute discretion, to ��� ,
<br /> apply all auch P�oceeds, afte.r deductiing therefrom al1 coats and �'.`
<br /> y�- --
<br /> caxper�ae� �.ncurr�d by itt in conneation with such Proceeds, upon . , ��
<br /> . any indebtedne9s secured hereby and in suct� arder as Lender may I -,� ', ,�__�.
<br /> " determine, or to apply all svch Proceeds, after such cleductions, � .__
<br /> � to the restoration af the Propertiy upan guch condi�ions as Lender � �` � "�
<br /> may detcormine. Any applicat3on of Pxoceede to indebtedness shal]. ,� , '`
<br /> not extend or postNone the due date of any payments nnder the
<br /> „ Note, or cure �ny default thereunder or hereunder. , �
<br /> ��=
<br /> 7. Performance by Lender. In the event of Borrower's � ���`;�.:
<br /> failure to pex�foxm any of the covenants herei.n or make ax�y pay- �� ,;�, �
<br /> � „ ments required hereby, or if any act is taken or legal procec�ding ,�,.��
<br /> __ _ commenced which ma�erially affects Lender 's interest in the F�.� . -
<br /> Proper�y, Lender may in its own discret�on, but witnout obiiga- -- q_
<br /> tion to do so, ar�d without notice tn or demand upon Borrower, and � ' `
<br /> without releasing Borrower from any obliqatfon, do any act which T��
<br /> the Bor.rower has agreed but Sails to do and may also do any other � �
<br /> act it deems necessary to pratect the security hereaf. Borrocaer , ,: ;;
<br /> ' shall, immediately upon demand therefor by Lender� pay to Lender � ;;�'�;���� �
<br /> ' all costs and expences incurred and sums expended by Lender in � .,,;��
<br /> connection with the exercise by Lender of the foregoing righta, {
<br />- together with interest thereon at the default rate provided in i � �t�� ,
<br /> ' ' the IJote, which shall be aeided to the ndebtedness secured , „
<br /> • hereby. Lender shall not im�ur any liabil3�y because of any�hing ..
<br /> „ it may do or omit to do hereunder. • _
<br /> . . I '`_:�;r,�r-
<br /> 8. Hazaadous Materials. Borrower shall keep the I �� �
<br /> „ Propert� in compliance with any and all federal, state and local ; , =�
<br /> •� laws, ordinances and regulations relating to industrial hygiene `�,•:'';_ ��,,`,
<br /> or to environmental conditi.ons on, under or about the Prope�ty, 't�: '• r; *�`�
<br /> including, but not limited to, soil and groundwater conditions. ; � �� r'�.-
<br /> , Trustmr shall not use, generate, manufacture, store or dispose of � . '� •`
<br /> `' on, under or about the Propesty or transport to or from the � ����
<br /> Property any flammable exp].osives, radioactive mate�ials, hazardous , ' `'k• �� 1
<br /> � wastes, toxic substances or related materials, including, without ' .
<br /> limi�ation, any subytances cLefined as or included in the defini- �
<br /> - . tion of "hazardous subatances", "hazardous wastes" , "hazardous
<br /> ma�erials" or "�oxi� substances" under any applicable laws, ��
<br /> '' ord?nances or regulations (collectively xeferred to hereinaf�er � �
<br /> � as "Hazardous Materials") . Borrower hereby warrants and repre- �
<br /> sents to Lender that there �re no Hazaxdous Materials on or under '�, •
<br /> the Property. Borrower hereby agrees to indemnify and hold �
<br /> harmless Lender, itis director�, officers, ernployees and agents,
<br /> and any successors to Lender 's in�erest, from and against any and
<br /> � all claims, dam�tges and liaL�ilities arisinq in connec�inn with �
<br /> the presence, use, storage, dasposal or tr�nsport of any Hazardous
<br /> Materfals on, umcier, from or about th� Property, including, with--
<br /> - out limi�ation, (a) all damages directly or indasectiy arising � _
<br /> out of the use. qenexation, storaqe or di�posal of Hazardous •
<br /> � Materials by Horrower or any prior owner or operator of the
<br />-; � Property, and (b) all cost� oF any required or necessary r.epair,
<br /> ' � cleanup or detoxi�ication and the preparatian of any closure or
<br /> ' �� other required plans, whether such action is r�equired or neces-
<br /> , sary prior to or Following transfer of title to the Property, to
<br /> �� . the full extent that such action is attrabutable, directly or
<br /> f indirectly, to th� presence or use, qeneration, storage, release,
<br /> � , threa�ened xelease or disposal of Hazardous Pfaterials by any
<br /> ., t person �n the Property prior to transfer of title t:hereto by
<br /> , � .
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