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<br />A Application # 0120927983
<br />14. FAULT. Trustor wilt be in defip if asy party obligated on the Secured Delit fails to make payment when due. Truster
<br />WE be in de(Wnit if a breacti oceans under the terms of this Sexclirty , or any otber, document executed for the
<br />Of cae , securing or 1 Ylof the Secured Debt. A good belief by Beneficiary that Belie�iarY at SAY time
<br />�ffi�Insecure with respect to any Person or entity obligated on the Secured Debt or that the prospect of any payment or the value
<br />' of the ply a impaired diall Wso consum an event of default.
<br />15. REWDIES ON DEFAULT. In acme insmgces, federal and state law will require Beneficiary to provide Truaw with notice
<br />of the right to cue or other notices and may establish time schedules for trinlos<ue actions• elect to these limitations, if
<br />a>ry,, Beneficiary asay accelerate the Secured Debt and foreclose this Security Instrument in a manver provided by law if
<br />Truster is in default.
<br />' ` all or of the fees and charges, accrued merest and principal shall become
<br />At the Ol1EIOn of Beneficiary, say part a$teed occurrence of a default or thereafter. In
<br />tip rand pa , aftergi notice of required by law, upon the
<br />' aeletirion. si be egtitlod all the re nediet provided by law, the terms of the Securda� this Sexaprgy
<br />histrug" and ,w reed inciudin g without limitation. the power to sell the Property.
<br />at the request of the Benefit' advertise and
<br />If a it a elsefistit, True shall, in addition
<br />to any e>Wer peen eel remedy wry
<br />sell the us s c!lydiepgdr in senorp�r at public. atugion to the , " bidder. for cash and comrey abaoluoe title free
<br />and clearP l right, title and interest of such tme > place des .Trustee shall give notice of sale
<br />tbe leers aril P*-- sal¢ � of
<br />U� die apl> lmw 1a -- – —
<br />� t1Me sNe.
<br />tale of the and to the extent got ptohiluited by law, Trustee shall make and deliver a deed to the all Id
<br />. � conveys
<br />n title to the purchaser, and after first paying all fete, charge: and costa, shall pay to prop"
<br />:• advanced repo , �, {{Y{,aii.Y� , lam, and e� and interest thereon, -aid the
<br />moneys 4W and interest on the Seca�d Debt, pay doe a , if an}', to . Beneficiary may purchase the Property. The
<br />recam in any deed of conveyance shall be prima face evidenncce of the facts set forth therein.
<br />All remedies are distinct, cunwht a and not exclusive. and the us entitled to all remedies at law or inent on
<br />equity, whether or note set forth. The acceptance by ag7! . in pa or
<br />�iqq 1y are filed _11 not cons of
<br />Secured Debt after the balm a due or is accelerated or after per. � � • r'a default,
<br />Beneficiary' right require winkle cure of default. By not exercisiri�
<br />Beneficiary doers not waive Beneficiary's right to lam existing the event a default if it continues or happem, again.
<br />16. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS. Except when prohibited
<br />by law, Trustor agrees to pay all of Beneficiary's expenses if Truster breaches any covenant in this Security otherwise
<br />Trustor will also pay on demand any amount incurred bry leaieficiary for insuring, ' asp°, pS
<br />pratectiag the and Beneficiary's security interest. These expenses will bear interest from the date of the pa�m�t until
<br />paid in full at �t interest rate m effect a: provided in the terms of the Secured Debt. Ttuator agrees m pay all coats and
<br />expenses incurred by ���, in , enforcing or Beneficiary's rights and remedies under this Saanrity
<br />Instrument. This amount may include, but is not limited to, attorneys' ,court costs, and other legal expenses. This Security
<br />lostivment shall remain in effect until released. Trustor agrees to pay for any recordation costs of such rekasse.
<br />17. ENVIROP&jZNTAL LAWS AND HAZARDOUS SUBSTANCES• As used in this section, (1) Environmental Law meeuna,
<br />without limitation, the C ire � • COOnI On and Liability Act (CERCLA, 42 U.S.C. 9601
<br />et seq.), and all other state and local laws, regulations, ordinances, court orders, attorney general
<br />or,
<br />interpretive letters concerning the public health, safety, wellfare, environment or a hazardous substance; and (2)�
<br />Substance means any toxic, radioactive or hazardous material, waste, nutant or contaminant which has characteristics which
<br />render floe substance or Ply, � to rot health, safety►, -e .
<br />render t without hmifatron, any substances defined aS " hazardo>s material," "toxic substances, ". "hazardous waste" or
<br />"hazardous substance" under any Environmental Law.
<br />Trustor, represents, warrants and agrees that:
<br />A. Excel as previously disclosed and acknowledged in writing to Beneficiary, no Hazardous Substance is or will be
<br />located, stored or released on or in the Property. This restriction does not apply to small quantities of Hazardous
<br />Substances that are generally recognized to be appropriate for the normal use and maintenance of the Property.
<br />B. as previously disclosed and acknowledged in writing to Beneficiary, Truster and every tenant have been, are.
<br />and remain in full compliance with any applicable Environmental Law.
<br />C. Trustor shall immediately notify Beneficiary if a release or threatened release of a Hazardous Substance occurs on,
<br />under or about the Property or there is a violation of any Environmental Law I the Property. In such an
<br />event, Truatar shall take all necessary remedial action in accordance with any Law.
<br />D. Trustor shall immediately notify Beneficiary in writing as soon as Trustor has reason to believe there is any pending or
<br />threatened isveshgption, claim, or proceeding relating to the release or threatened release of any Hazardous Substance
<br />or the violation of any Environmental Law.
<br />1& CONDEMNATION. Truster will give Beneficiary prompt notice of any pending or threatened action, by private or, pig
<br />entities to B or take any or all of the Property through condonation, eminent domain, or an other means. r
<br />authorizes B ficiary to intervene in Trnstor's name in any of the above described actions or clamps. Truster assigns m
<br />Beneficiary the proceeds of any award or claim for damages connected with a condemnation or other taking of all or airy uart
<br />of the Such proceeds shall be considered payments and will be applied as provided in this other
<br />assignment proceeds is subject to the terms of any prior mortgage, deed of trust, security agreement of
<br />19. INSURANCE. Trustor shall keep Property insured against loss by fire, flood, theft and other hazards aid risks :the F abi
<br />associated with the Property due to its type and location. This insurance shall be maintained in the amounts and for that Beneficiary requites. The insurance carrier providing the insurance shall be chosen by Trustor sub' to Bry's
<br />T above, Benefit'
<br />shall neat be -- w>tWpef _ _rl!n tD_maintaia -the comae _ - - -- - --
<br />may, at Beneficiary's option, obtain coverage to protect Beneficiary 's rights in the Property according to tie — terms -- o
<br />Security Instrument.
<br />All insurancec�icies and renewals shall be le to Beneficiary and shall include a standard "mortgage clause" and,
<br />where app "loss payee clause." Trustear irnauediately notify Beneficiary of cancellation or termination of the
<br />insurance. Bane ficisry shall have the right to Bold the policies and renewals. ff Beneficiary requires, Truster shall immediately
<br />notice to the
<br />give to Beneficiary all receipts of paid premiums and renewal notices. Upon loss, TnisWr shall �e innnaediate
<br />insurance carrier and Beneficiary. Beneficiary may make proof of loss if not made immediately by Truster.
<br />p isw 9.nk«s sysam aoc., st saw. PAN (i- soo-W-Mi) Fbrm RE-or-W i0rr7W
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