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<br /> the Property in violation of any law, ordinance, or regulation1 .
<br /> and shall pay and promptly discharge at Horrower'a coat and �
<br /> expenee all liens, encumbranaes and charges levied, imposed or `
<br /> aeaeased againat the Property or any part thereof. „ ° �
<br /> 6. Eminent Domain. Lender ie hereby asaigned all • � .
<br /> '. compensa�ion, awards, damaqes and okher paymenta or re11�f , .,
<br /> �� (hereinaf�er "Proreeds") in connection witl� condemnation or other �
<br /> ;. " taking of the Property or part thereof, or for coaveyanoe in lieu .
<br /> af �ondemnation. Lender shall be entitled, at its option, to
<br /> commence, appear in and prosecute in its own name any action or ,
<br /> proceed�.nqs, and shall also be entitled to make any compromi ae or �
<br /> settlement in connection with such tak3ng or damage. In the
<br /> �, ...,:c. ..
<br /> ' event any portion of the Pxoperty is so taken or damaged, Lender z,t��,�:•.,;,;�, .:,;�:�;.;
<br /> aha�.I have �he option, in ita sole and absolute d3.scret3on, ta � � . � � �
<br /> • apply all auch Proceeds, after deduating therefrom all aosts and
<br /> expenses incurred by it 3.n aonnection with such Proceedr�, upon w, .
<br />� any indebtedness secured hereby and in auah order as Lender may � , �
<br /> , determine, or to apply all such Proceeda, after such deducti.ons, ' .
<br /> to the restoration of the Property upon such conditione as Lender
<br /> � may determine. Any application of Proceeda to indebtedness 9hall . '
<br /> not extend or postpone the due date of any payments undex the ., ,
<br /> Note, or cure any default thareunder or hereundes. " •� -�
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<br /> " . 7. Performance b Lender. =n the even� oP Horrower'e � y�'
<br /> > failure to per orm any o t e cavenante hQrein or make Any pay- '� --
<br /> menta r�quired hereby, or if any act ia taken or legal proaeeding . � _ � t`�'�,�
<br /> . commenced whiah materially affects Lender•a inter�st in the �., ,��' �j
<br />- " Propert�, Lender may fn ita own disaretion, but without obl�ga- ., ' Y
<br /> � � tion to do so, and without notice to or demanc� upoa Borrower , and ., :� �� ,
<br /> •, . without releaeing Borrower from any obliqation, do any act which `� ' '< � '�� '
<br /> ' the borrowex has agreed but fails to do and may also do any c�ther ` � �� �
<br /> act it aeems necessary to protecE the security hereof. Borrower - �
<br /> shall, �.mmediately upon demand therefor by Lender, pay to Lender . . ��' �� ;
<br /> �� all costs and expenses incurred and sums expended by Lender fn ' � ' '��
<br /> connection with the exercise by Lender of the foregoing rig�ts, , ,, � '
<br /> �. . � �oqether with intereet thereon at the de�ault rate provided in
<br /> the Note, which shall be added to the�nd�e�, tednesa aecured , ±__
<br /> . hexeby. Lender sha11 not incur- any liability because of anything : �{,�--:�
<br /> it may c3o or omit to do hereunder. ,4,:,-�, t�;,_ -`��-
<br />` ' 8. Hazardous Materi als. Borrower shal l keep the ��� T ,��>�<4.
<br /> , Propezt�v in compl ance w t any and all federal, state aad Local �� �`'''��
<br /> :- ;�::�;:;,
<br /> � laws, ordf.nances and regulations relaCing to industrial hygiene •�•',
<br /> , � ' or to environmental conditioas on, un�er or about the Broperty, . ����
<br /> � ,� inc3.udinq, but not Iim3.ted to, soil and groundwater conditic�na. � � �'�'"`�y
<br />�� . Trustor ahall not use, generate, manufacture, store or dispose of �'''":'� �
<br /> on� und�r or about the Pro erti or trans r�rt to or from the � �'
<br /> P Y Pr� � •. �:;;::�
<br /> Property any flammable explosives, radioacf:ive mafierials, hazardous �•�= �"=�� -
<br />� „ .. ' wastes, toxic substances or related materials, including, withou� .
<br /> � liraitation, any substances defined a�t or included in the defini- �'
<br />- ' tioa of "hazardous substanaes", "laazsrdoue wastes", "haaardous • �
<br /> - � � „ materials" or "toxic substances" undez any applicable laws, .
<br /> ' ordinances or regulations (collectively referred to hereinafter ��
<br />,:;:'- , as '•Hazardous Matezials") . Borrower hereby warrants and repre- � °
<br /> •, seata to Leader that there are nolHazardous Materials on or under �
<br /> ' � the Property. Borrower hereby agrees to indemnify and hold � •
<br />_� , harmless Lender, its directora, officers, employeea and agents,
<br />- • and any auccessors to Lender's interest, from aad against any and
<br />-_ � all clg3ms, damages and liabilities arising in connection with ,
<br /> the presonce, use, storaqe, disposal or tranaport of any Ftazardous
<br /> Mater�.als on, under, from or about the Property, including, odith- ,
<br /> � ' � � out lim�ttation, (a) all damages direatly or indirectly axisiag '
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<br /> ° �- --� out or tne use, generatson, storage or disposal og Hazardoug - � `
<br />' Materials by Borrower or any prior owrier or operator of ttie
<br />�� Property, and (b) all costs of any required or necessary repair,
<br /> `•'' . cleanup or detoxification and the preparation of any closure or
<br /> -V° .. ,� other required plans, whethez such action 3s required or neces- � �
<br /> � sary prior to or following traasfer of title to the Property, to .
<br /> the full extent that such action is attr3butable, direc�ly or
<br /> Y • ' indirectly, to the presence or use, generation, storage, release,
<br /> '� threatened release or disposal of Hazardoue Materialg by any
<br /> � � `, person on the Property prior ta transfer of title thereto by
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