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<br />14. DEFAULT. Trustor will be in default if any party obligated on the Secured Debt fails to make payment when due Trustor
<br />Atilt be in default if A breach occurs under the terns, of Ihi, Security Instrument or any other document executed for the
<br />purpose of crevmg securing or guaramving the Secured Debt. A good faith belief by Beneficiary that Beneficiary At any
<br />nmc is insecure with respect m any person or entity obligated on the Secured Debt or that the prospect of any payment or
<br />the value of the Property is impaired shall also constitute an event of default_
<br />15. REMEDIES ON DEFAULT. In some instances, federal and state law will require Beneficiary to provide Trusty with
<br />notice of the right to cure or other notices and may establish lime schedules for foreclosure aetious. Subfect to these
<br />lineations, ifany, ReneGciary may accelerate the Secured Debt and foreclose this Security Instrument ht a manner provided
<br />by Iaw ifTrustoi is in default
<br />At the option of Benefictap, all or any part of the agreed fees and charges, accrued interest and principal shall become
<br />immediately due and payahle after giving notice if required by law, upon Ilse occurrence of n default or anytime thereafter.
<br />In addition_ Beneficiary shall be entitled to all The rcmedle, provided by law, the terms of the Secured Debt. this Security
<br />Instrument and any related documents. including without limitation, the power to ,sell the Property.
<br />H there is a default, Trustee shall, in addition to any other permitted remedy, at the request of the Beneficiary, adrertisc
<br />and sell the Property as a whole or in separate parcels at public auction to the highest bidder tot cash and convey absolute
<br />tide free call clear of all right, title and interest of I u.slor at such little and place as trustee designates fluster, shall eivc
<br />notice of sale including the time, terms and place of sale and a description of the property to be sold as required by the
<br />applicable law is effect At the time or the proposed sale
<br />Upon sole of prnperty and to the extent not prohibited by Irv, li,,tee shall make and deliver a decd to the Property
<br />sold s -hich cum cos absolute title to the purchaser, and alter first paying all Ices chnrges and 'osls. shall pay to Benehciory
<br />all minevs advanced for repair., taxes. insurance. liens, as ssmaus and prior eneumbr mess and interest thereon, and the
<br />principal and interest on lire Secured Debt. paving the surplus, it any. to Trustor_ Reacfinery may purchase the Properly.
<br />I he recitals in any deed of conveyance shall be prima facie evidence oftlic feel, set forth therein_
<br />All cmedic, are distinct cumulative and not exclusive, and the Bcnclicimq is entitled to all r,medic, provided at low or
<br />equity, whether or not expressly set forth. The acceptance by Beneficiary of any sum in pa}'ment or partial payment on the
<br />Scoured Debt after the balance is due err is accelerated of after foreclosure proceedings are filed ,hall not constitute a waiver
<br />of beneficiary right to require niplete cure of any existing default. By not exerasinc any remedy on Trusto's default,
<br />Beneficiary des not waive Bencfivary's right to later consider the event a default i f it continues or happen: again.
<br />16. EXPENSES; ADVANCES ON COVENANTS; A'1'IORNRVS' FEES, COLLECTION COSTS. Ilxcept when
<br />prohibited by la, I rlistr agrees to pay all of Beneficiary's cxpenscs if I rustor breaches any cotenant in this Security
<br />Instrument Turtr r will also pay on demand any Amount incurred by RcncGnaty for Insuring, inspecting, proaciving or
<br />otherwise prtuang the Property and bcocfinary s security interest Thew expenses will bear interest front the date of the
<br />payntnl until paid in tall At the highest interest Tate in effect us plotide d in the terms of The Secured Debt lu'ustor agrees
<br />I,, Pay all cot and expense, incurred bx Rcnclieiary in collecting, enforcing or protecting Den ft tvds tight, and
<br />emcd,es under this Security Instrument. This amount may include_ but is riot limited to attorneys lecs, court costs, and
<br />other legal expenses This Security Instrument shall rematu in effect until release{. Trustor agrees to pay for any
<br />recordation costs ofseen release.
<br />17. HN'VIRONMEN'IAL IAWS AND HAZARDOES SI: BS'IANCES. As used in this saction. (1) environmental I.a,
<br />mcnas, m'ithout ha inuien, the Comprehensrvc Favironmenml Response, Compensation and liability Act (CBRCLA, 42
<br />11',( 9601 et seq.I, And all other federal, state and local laws, regulations, ordinances, sort under- attontey general
<br />opinions or ante gran,, Ictter, concerning the [,,,hit, health safely. welfare - environment or A haeardou substance: and (2)
<br />Hvvdos Substance mcali ally toxic, radjoa,ai,e or hazardous a,mrrial. waste. pollutant or contaminant which has
<br />characteristics which render the substance dmgerus or potentially dangerous to the public health safety. welfare or
<br />envhonmcat tire ten, includes, without limiuflon. mty substances defined is " hazardous material. toxic suh,or,ce ."
<br />"hazardous waste" o, "hazardous substance" under an} Environmental I a"
<br />I tustoi represents, warrant and agree, that.
<br />1 I xcepl as previously disclosed and acknowledged to writing to Beneficial. no hazardous Sub t ice is or will be
<br />Incatad. soled or relcascd on or in the Properly- 1 his restriction does not apply m small qu nIities of Hazardous
<br />Substances that are gcocrally recognized to he eppropriAtA for the normal it se and meimmnance of the Property_
<br />R_ Hxccpt as previously disclosed and adcaossdcdped to writing To Beneficiary, lru.stor and every tenant have been,
<br />are. and shall remain in full compliance with array applicable Untircnmental I.aw.
<br />C'. Tnrstor shall immediately notify Rcncbc,a y it a release of threatened release of a Hazardous Substance occurs on.
<br />under or about the f olfs y In then i a violation of any Environmental Law concerning the Pt tperty- In such an
<br />event I ruslor ,hall lake all necessary remedial action in Accordance with any Environmental Iaw_
<br />D. T a,eor shall immuhalcly nottly Hencficiary in wilting as soon as 71'ustor has reason to hcheve there is any pending
<br />or ihrcntcnnl lo%estigation, claim_ or proceeding relating to the release or threatened release of amy Hazardous
<br />Substance or the violation of any Environmental I aw_
<br />IS. CON DFM N' ATION. 'I iu dos will eivc Berle hCIRIy prompt notice of any pending or fill entered union, by private or public
<br />entities to purchase or take any err all of the Property Through condemnation. eminent domain, or Any other means_ Trust,
<br />authorizes Beneficiary to intervene in l astor'v name ill an, of the above described 'actions or claims Tru: rot a„ tgns to
<br />Beneficiary the proceeds of any award or claim for damages connected with a condemnation or nthir [,,king of all or any
<br />part ill the Property- Such pitcccds shall be consider l payments and will be applied us provided in this Security
<br />Inntrmcnt I ht assignment of proceed, is object to tire net ms of any prior mortgage. deed of trust- security agreement or
<br />other Gen document.
<br />19. INS[ RAN( E. I valor shall keep Property insured against loss by fire, Rood, theft and other hazards and risks reasonably
<br />adso,"led whir the Propcih (tile to its type and location This insurance shall be maintained in the ariieuat and for the
<br />,wiliscs that Busch tare lequrez The in ur an' 'amen pt(,vidtng the ra m nice shall lie chosen t) I ustr tutted Te
<br />B nefi inry s Ippro vat. which hall not be uutea -c nald, wuhheld- if Tru tc n fails to maintain the cove rage described Abo,c
<br />Hinchctary may. at Beneficiaiv s option, obtain coverage In protect Bench iary's rights in the Prop its According to The
<br />teens of this Security Instrument.
<br />All insurance oI Aes and rule al shall he acceptable to Beneficiary and shall include It standard "mot [gage clause and,
<br />where nppliee�l vs payee clause " liumot hall immi dtlely notik Beneficiary of cancellation oi rumination of the
<br />insurance. Benehuarx shall have the right to hold the pohues and renewals If Beneficiary requires. Trustot shall
<br />ins n dia[ely eivc to F6"tivary all receipt of paid premiums and renewal nphc eS. Upon los first, hall give immediate
<br />iodic lu the utwrance cArtiu and Bn leftc ia,I Bencficiary may make ptosh, oflosS ifnot made immcdi t h bs Trustor.
<br />/'�[ (page 3 of 4)
<br />_ 4 .1-11 s nos 1337. -aq r 111 sm s, av:Yl G%iy'1v) ,,t/
<br />(!Mw -CI 65(NE) ct
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