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<br /> n 'A.t� �:�i . ' �����9�dJadv"3yitl C�:.:i-'ty ;��c �
<br /> � fr � � g the Secured Debt A biib belief b Len�et titat R �`��`��' u�`-
<br /> � �- Y�,; exewted for tfle pttryos�of cxeatiu ,�S��ntyir�8 8°°d 3' i ;� � ;�;,�,� .
<br /> r<�� ,r:i� � [.ender ai aay tiale is#asec�e with sesped w anJ+pe�on or earity obligated oa the Seamed Debt or ths�t the pr�pect �� -� t. _., t �-
<br /> k ' " ^ of any paymeni or the vaiue of the Property is impaired shaU also ooastitute an event of default. � � ` � `�
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<br />_-;�.}:���` �.-�%w 13. RENff.DYES ON DEFAULT.In same imsfances,fedeta�and state Iaw wit!require l�eader to provide Gsantor vrith ,;.;'`,4., ',` ` ,. ,s:
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<br /> a i.�«` aotice of the right w aue or oWer notices and may establisb time sdte�es far�osedasure acdons Subjecx to t6ese �f.. .�;,;` '� �r„ =
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<br /> ltmitations.if any Leader ma acceterate the 3e�ured Debt�d forectose this Security Itistrument in a manner ,��. � � i�� �.
<br /> �,, L<`' � �; prowded by law d Graator�s m defanit . `�` ''Y `'
<br /> ' � '`- At the option of Lendet,all or aay gart of the agreed fees and chFUges.accrued interest and principa}shail beoome � �T4 ��� C�'Y�� t .
<br /> � �� immediatety drse and payabte,after gi�ring notice it required by Iaw.upon the aca►mence of a defauh or anytime ,� -
<br /> � ._,,�,,- _ `'� thereafter.ln addition,l.cades shaU be entitled to aU the remedtes provided by law.the temu of We Secured De6t, � t...,�i�...�,;�:�..:-<:;;
<br /> '��:• ����`-�` this Secwity lastrromeat and any related doc�urteufs.indudng withoui limitation,tlie power to seA We Property. •`:`�`�".'
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<br /> `� , �, If th�na is a defaul�Tnutee st�all,in additioa to any other pemiitted remedy.at the request of the Lender,advertisse } � s � �:
<br /> �� -•f. `' a ad s e U ttte P r a p e rt y as a whoIe ar ia s e p a r ate p a r o e l s at p u blic a�cxion to the ivghest bidder for cash and convey ;'
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<br /> aE�solute titls fit�ee aad cleaz of all rigtn.titte and'mterest of Granmr at such mne and place as Ttustee de9gnates. �.� ::,��"E :
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<br /> ��� Tinistee s6ali give notice of sate includ�g the t�ne.temss aud place of sate aud a desaiption of the prope�y to be sotd =` r���� �`
<br /> „.; „ �:`:- as required by the applicable!aw in effect at the wne af the propased sate. ` `: s r� f
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<br /> � t � � :' Upan sale of the property and to the extent not prahi'bited by law.Trastee�aD make and deliver a dced to the Property , �' '
<br />-`<.::�;::;�,.;.,H.`,� sold wtuch aamreys absolute titte to the gurchaser.and after 8rst paye►g ail tees.charges aad aosts,shall pay to Lender aII °��Y' �, ,.i ; `�.:
<br /> _�� _;,. moneys advanced far repaus.taxes.ituwan�.lieac.asse.ssments and prior enauubrances aad interest ihereon.aad We 5.,�,. � ° ��=�;-�
<br /> ._ Y, j�: Prin«Pal aad mterest oa the Sectaed Debt,pa7+�8��P�•if any.to Granwr.Lender may pun�atse the Property. f �.�1��-�--�;:
<br /> ; Ttte recitaLs in anysieed of oonveyance s h a ll b e prima f a c i e evi dence o f t he f a c t s se t fortb therein. ''�'��
<br /> ` V 4 pD remedies ate d�stiatA,ammtative and nat exdusi�+e,and the Lertder is entitled to aIl remed'ees provided at!aw or �- _ `
<br /> r z�._ , r ` ecivit}+,whether or nat expresdg set forth.The acceptanc�by Leader of any sum in payment or partiaf paymeat an the '{ ; . ,'� < -��,�r;
<br /> °`�: Sr,wred Debt after the balaace is due or is aaaelerated or after fo�os�ue prac+eedin�+are fi[ed sbaU not camtiu�te a r� '� ����:.� --
<br /> �``'�T ; waiver o!I.ende�s rig6t to req�wmplete c:ure�of any e�nsting defaW�By not exe�ising any=emedy on Qraatar's � � �s
<br /> ` ' '`-µ default,Lender does not waivs Lender's right to later oonsider the event a defautE if It conimaes or 4appens a�in. %` � 7 ��'�
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<br /> 5 �:�` .�s F. 16. ERPEAiSE�ADdAIeI�ES,O1V GOVENAi�7'S,ATTORAIEYS'FEES:COI.IbCITON COSTS.Except when � �f< "�'
<br /> _ '-,r:' � . < :'' protu'bited by law.t3rdntor agrees to pay all of I�ettder's expeases if Grantar breaches a�r cavenattt in Wis Secaui.ty - `. '� ...
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<br /> .�....:' �a�trnmen�Gsantor w�l atso pray on demand any amQUnt incuned 6!►Lereder fw insusiag,insp�ing,Preser�ring or :�` { ��
<br /> -��. ot6erwise protec.timg the Property aud I.eade�s sec�rity intecest.'Ihese expeases w�l bear interest fr�n the date of = ^�:,'. '
<br /> `�'' Yhe pay�uent uutil_pa�d'm fiili at the 6ighest interest rate in effect as provided iA the terms of the Secured Debt y�a_^{��' {.
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<br /> 1 Graawr agrees 4o pay all costs and exPenses inca�rted by Lendcr�n wIte�xmg euforang or proteding L,cader's rlgltts i'�',�:,
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<br /> t � and remedies cmder this Security Insaumen�This amo�mt way include.bm is not luaited ta suomeys fees,wurt 7 ?..
<br /> :`,�4..;�f�,:; = costs,and other tegal�e�eases.'I1�Seauity Instru�aent shall remain in effect unti!reteased Grantor ag�ees w paq `�`s:�� -
<br /> t f��-�. `�;>- fas any recor d ation oosts o f su c h re L e a s e. ,s'��l�f; " ,
<br /> ,?r.t, :.',`� 17..ENVIdtON119ENTAL LA�DS ANID�►ZARIDOUS SLtBSTA1�IC�9.As e�sed in ihi�seCtio0.(lj Envlronmgatal Law � r y, � .
<br /> v .f ,, � .
<br /> • means,withottt hmitation.the Com�hensive 8nvira�aental Response.Compensa�tiion and Liabittty f4ct(CERGY.A, � �: `�
<br /> ,-.,_:�_.�_. y ,,;',' 42 U.S.G 9601 et seq.?,and all otpser federat,state and tocal laws.re8rolatIar�s,�.court ordess.atWme�� , z`� ,..
<br /> : ti �;�: general ogi�doas ar i�terpretive letters caac�er,a�the pu6Hc heaith,ssfety,welfare,environment or e hazardous ��;c; _ �°
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<br /> substance:and(2)FFar.:�=dous Substaace a�eans any toxFe,rad'ioactive or hazardons matcsial,waste."�ollutaat or . . .,,��� "��?
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<br /> ':. ��.,. ;- ' ooniamina�t which has ettaraciEristics wtuch reader the substanee dangerous or potentiaIIg danger�tn the public ' .,-:�,:�,-;-��_-
<br /> �. s :v health,safety,welfare or eavironmew.The term iuctudes.without t�mitatian,anY substaaces deSmed-�s"hazaidous r,�, �,
<br /> " ,:;,�' material,""wadc substances,""hazasdous waste°or"hazardovs snbstance"ander any Environmeatal La�w ?N- �o� —
<br /> ' Craator represents,warraats and agrees tbat: ' , . � �� _
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<br /> , :; A. Except as previrnisty ctisciosed and actcaawledged la wridmg to Lender.uo Hazardous Substaaaa is or wiD be . �_.�.__ _
<br /> '��� �`�"�� ���� 2ucated,.stored or reteased on or in the Property.'I�is restrictibn does not apply W small quantities of � �----
<br />_'�`�r�:".;`;�� �-%,��• � Ha�ardoug Substances Wat are generalty recogaized to be approprtate for tbe nonnai use ancf ma9nteaance at �
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<br /> `'�`.'-;.;.,L :� ' g. Exeept as pre+�wsip dis�OSrad aad ackaawledged in wridng to l.endes.Ciraator and eQery L�nmuthave been,are, c:-_°�"'�'_-
<br /> �,,'^.,`: . and sha11 remain in fnll c�ompliauee aith any applicab2e F.nviroamental Law. � --�� - - -
<br /> .. �..�'• "�" � �i;=, -
<br /> �'• , G (iranror shaU immediatety notify Lender i!a rele,ase or threateaed release of a Hazardous Snbstance aocurs on, � _
<br /> � ' ander or abaut the Ptoperty or there is a vialat�on of as►y Environmental Law caacemtng ihe Propesty.In sncb '`�''° - _
<br /> •.'' ,� '� aa eveat,Gran3or shail take all necessary remedial actton in aecordance with any Enviroamental Law. << �," ���`� ,:
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<br /> �, °� f���� D. Gtatitor shaii immediatety notify l.ender tn wriBng�as saan as Cirrantos has rcason to believe there is a�y `-„�,: ,7 ,,, � =
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<br />. i, '. • � pei�ding or threatened imesdgation.clavn,or praoeeding relating to the release or tlueatened release of mry ' _ ,.., ,;:,.:_* :,,_"�.�'.:.
<br /> �� .� „ : ,
<br /> �. "..;,;°'°c��.<� Ha�ardoug Substan�or the viotat�on of anp Eavlranmentai taw. _�;�:.:��;`."-'..
<br /> - � . , , '-�.::..:.,�
<br /> �,: ` � �' i� CONDEMNA'd'ION.tirantor arlll give Lender prompf aotice of any pending or threatened action.7by private or . .,���. _
<br /> ` � `� public entities to purchase or take any or sU of the Property through condemnatian,es�inent ttomain,or arry other ' ''•`.�..<:,;�w. ,
<br /> -- �' " . - means.Grantor authorizes L,euder so inte:veas in(3raator's name ln aay of the abave descn'bed a�Aians ar claiats. -= ;;;;_-�'�:�`
<br /> (3tantai ass9gas to I.eader the proeeeds of aay aa+ard or claim for damages oonaected with a ooademnatioa or ot�r ^ '���;��;;;::�,:�� �;:
<br /> , ��. : takIng af all or any part oi the Pcoperty.5uch prooeeds shall be aonsidered�yments and wili 6e appbied as pravided in ��+�� �,� . ` .
<br /> �. =.� Wis Secarlt7r Instrumen�77us assignment of proceeds Is subject to the terms of any prtor mortgage.d�eed of tta4t,
<br /> .,:
<br /> ' � ,;,.; securiry agreement or other tien documen� � , :
<br /> �r 19. IN5U�AiNCE.(3rantor shall keep Properiy iasured against loss by Cre.flood.theft and ather 6azards and rlsks � ' ,' � •:.
<br /> � � ' ' reasonably assoclated whh the Properry due to its type and lacation.T h i s�nsuranee s h a ll�ae maintain r d l n t h e amouats •'� :�°�
<br /> ,, �'�-� �
<br /> z �a a�td for the periods tbat Leades requirea.The iasivattce cairier ptaviding the insntance shall 6e chosen by(irantor � �
<br /> ' " i'� subjed to l.ender's approval,whlch shaU not be unreasonably wit6held. lf Grantor fails to maintain the cavetage - '' ' ''
<br /> ' ?�: ,�
<br /> : ' "� descn'bed abwe,I.euder may,ail.ender's op@on,obtain caverage to protect Lender's rights in the Property acoordi�tg .
<br /> . to the ternis oi tWs Sec�ritq Iastmmen� . ��: �
<br /> ... _ .
<br /> ��'��: Ail insw�nce polictes and renEaralv shall be axeptabte to Lender and shall include a standard"mortgage clause"and. ` 1 �
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<br /> where applicable."fass payee ctause°Cirantar shall immediately notify Lender of carccellation or terminatinn af the= '.:� ` �
<br /> �� �..T,__� ' �= 1. ,_ .
<br /> :. �-.� , insurance.Lender shall have the right to hotd ti�e poficies and renewals.N Lender requires,Grantor shatl immediately --.'-:r�.;...,'�,r:•.�..�` ,;
<br /> '�,� :•::°= ��:�,�• give to Leader aU receipis of paid premiums and renecval notioes.Upon 1�s.(3santor sha11 give lmmediate notice ta . . :
<br /> .:?'�',- .�,, � �:�.�:� the iasurence carrier and l.ender.Lenaer may make prao!of loss if not made lmmediately by Grantor. ::.;.,..".;. :;��';�_: �,'�
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