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<br />'_'•"�,; executed for the purpose of creating.sec�ring or guamntying the Secured Debt A good faith 6etief by Lender that �
<br /> Lender at any�me 3s inseaue avi4t►res�ct to any�eason or ennty obGgated on the Secured Debt or that the pruspert _
<br />` 1'.� of any�aymenE or the value of the I'copert3r is imp�red shall als4 oonsYitute�n event of defaui� �
<br /> - - 15, EtE1l�]DY�ON DEFA[J�LT.In some instance�.federal and scate Iaw witi requiie I.�nder tu pravide Grantor vrith �''
<br /> � notice of the right to cure ar other Rotices artd a►ay establish time schedules for foreclosure actions.Subject to these —
<br /> ' limitations,if any.Lender may accelerate the Secured Debt aad foreclose tlois Security Instrument an a manner �.
<br /> � provided hy law if Grantor is in default. �
<br />�_{:. At the opiiaa of Lender,a!1 or any pari of the agreed fees and charges,aa�rued interest and principal shali become =
<br /> immediat�ly due and paya'bls,after giving notice if required by law,upon the occurrence of a defautt or anytime
<br /> thereaher.In addition.Lender shaU be entided eo all the remedies provided by law,the terms of the Secured Debt, �,
<br /> � this Se�urity In,trument and any related documents,inciuding without limitation,the power ta sell the Property. �;
<br /> eur
<br /> � If t6ere is a default,Trustee sttail,in additio�to any other permitted remedy,at t6e request of tlme I.e�der,advertise ��
<br /> � and seU the Properiy as a whote or in separate parcels at public auction to the highest bidder for casb and comrey
<br /> ' absolute title free and dear of all righ�,ritle and'mterest of Granta�r at such time aud plaoe as Tn�steedesignates. F�.-
<br /> Trustee shaU give notice ot sale includ'rng the time.terms and place of sale and a dc.�scripiiun uf the prup�:rty ta be sold _
<br /> �•.. as required by the applicable law in effect at th�time of the propased sa1Q. v
<br /> Upon sale of the property and to ths extent not prohibited by law.Trustc�sb�make and deliver a deed to the Pr�perty �•".
<br /> � sold w1ric6 eonveys absolute title to the purchaser,and after first paying all f�.sharges and casts,shaU pay to Lender all v�
<br /> moneys advaaced for repairs,taxes.insurance,liens,assessments and prior encumbrances and interest thereon.rind the ;�
<br /> ,, principal and interest on thie Secured Debt,�aying the surptus,if any,to Grantor.Lens�r may purchase ihe Propesty.
<br /> � 'Ihe recitats in any deed of conveyance shxil be printa facie evidence of We facts set forcii r,{��rein
<br /> • All remedies aze di�tinct,cumulative and aot exclusive,and the Lender is entiiled to atl remedie���ded at law or
<br /> . equity,whether or not expressly set forth.The amceptance by Lender of anx.^3m in payinent or par•�►����yment on ttte _
<br /> Secured Debt after the balance�s due or is ac�he_rated or after forectosur�pn�ceedings are�sd sp�ra�.,t constF�e a —
<br /> ',,� Naiver_of Leader's righi to require wmptete cur�of any e�sting default.By not exercising any remeay on Gr'�'s [_
<br /> �•� defaui�Leader daes not waive Lender's right to lzter consi�er the event a defaalt if it oont�nues or happens aga�c. —
<br /> ;''f � � 16. EXPENSES;AD�Tc��ICES ON COVENAN�1"';ATA'ORINEYS'FEI�COi.L�EQ�d'I�N�tBST�.Except Nben �'-
<br /> ��� prolubited by law,+C�..ntar agrees to pay all of l.ender's expenses if Gcsr�t,�sr hreaches any covenaat in this 3erurity ___
<br /> �.`�,' Insuument Grantor will also pay on demand any.amount encurred by L�er for insuring,inspec�g,preseiving or __
<br /> � otheiwise protecxing the Properiy and Lender's security interest.These expenses will bear interest from the date of __
<br />;� : We payment until paid in full at tite highest interest rate in effect as prov�ded ia►the terms of the Secured De�t.
<br /> Grautor agrees to pay all costs and expenses incumed by Lender in callecting.enforcing or pmtecting Lender's rights =
<br /> and remedies nnde�this Securiey Insm�men�i3�is amount may include.but is not limited to,attomeys'fees,oourt
<br /> � costs.and other isgal expenses.This Sectu�it�r•G�'.�rument shall remain it�effect until released.Granto�agrees to pay
<br /> ;'�,'.; for�ne secordation costs of sucL release.
<br />�.;�,;,. 17. I�SV'.�F,P�(t��NPAL I.AWS AND HA�AtiE?�3JS S[Jt��+�.�10ES.As used in this sedion,(1)E;�c�anmenial Law
<br /> `r'���''�. �osrs5,v,�.;thout lim,itation,the Comprehensive Eavironmec��tesponse..Coinpensation and Liabil�+_s.°�.�t.(GER�.';A,
<br /> �� 42 LT.�.C.9601 e�:�s.p.),and all other feder^�.,state and Focal laws.regulations,ordiaances,casz�i o��der,a'+z��y —
<br /> � generat opinions¢��terprerive letters conceming the public health,s,if.�:y,welfare.CI1V1I011gi2F7:t:47T 3 G"ciL:c"1ZL'IflUS
<br /> � substance:and(2)Hazardous Suhstance means any toxic,radioacthe r,n f�azardous material,w;a�r�,pa1����6 or
<br /> � wntaminant c�+hicb 6as characterisdcs which render the su •.b�ace da�ge;�us or potentially dangora�;s to the.�aW91ic
<br /> • health,safety,welfare or enviranment.The tem�includes.vc,'t�,auc Lirc`'etion,any�c:tances defiaed as"ha�,.'�aus =
<br /> � � materiai,""toxic sntsstances.""hazardous waste"or"I2azar����.�bstaa�:.."i�ader an��iz+�ironme�ptal Law. � �
<br /> � Grantor represenis.warrants and agrees that � �
<br /> � � A. Except.as previouslq disctosed and acknowtedged in writing to Y..ender.ao Hazazdous Str�r��az Is ar will be
<br />'��i�:''�� tocated,stored ar telaased on or in the Property.'i'his restr�ction does not�pply ta��s�quentities of
<br /> °;;���' lHa�rdous Substa�sces that are generally recognizec�u�be appropriate for We���al use��mainFen�rar�of -
<br />``�';�it theYraperty, . . , r
<br /> B. Except as previousiy disclosed aad acknowlcdged ia writing to I,ender,Grantor and e�ery t�rca�i ttave been.are, . -
<br /> ' and shall remain in full compliance with any applicable Environ�a�tal Law.
<br /> G Grantor shall immediately notify Lender if a relesise�r threatenrx�4 re2ease of a Hazardous Substance occuis on, f'
<br /> �`�,•�!� .` under or about the Property or there is a viotation of any�nv►ronmenial Law cancerniag the Property.In such
<br />:n,:r�,..;
<br /> an event,Grantor shall tal:e aU neeessary remedia!action m accflrdance with any Envuonmental Law.
<br /> :Yl,,��{: D, Grantor shall immediately notify L�ader in writing as soon a3�rantor has reason to betieve there is any -
<br /> pending or threatened investigation;��im.or ptoceeding re3��io�to the relcase or threate��cl release of aay
<br /> '� .� �ta�ardaas Substance or the vio2ado�s���any Environmental i.�as:.
<br /> � .'�� 18r COIRtd)EMNAT[ON.Grantor wiU give Lender prompt cstauce of any psnding or threatened action,by private ar
<br /> ;;.;. puTri?�entities to purchase or take any or all of the Pro�c�+ty through condemnatian,eminent domain,or aay nther
<br /> � .;; means.t3rantor�uit�urizes Lender to mtenrea�e.in Gr�r•?�isr's name in art�r.of the a�re described,actions ar claims.
<br /> ' � Grantor assigns!ra Y:itnder the proceeds of Any��+ard vr claim far dama�,n�eonneeted witb a uot:diir�natian or oiher
<br /> takitt�o+�all or any�art of the Froperty.Such��;��,+:ce�is shaSi ub cu,7side�u�j�;ayments and:�:ll b:.:.�:,.1ir.d as provided in
<br /> ;,!;,.�, '� this Security Instrument.This assignment of prooeeds is��'b}ect to chc eerms of any prior mortgage,deed of uust.
<br /> �-_:1A::..;;, sec�uity agceement or other lien docvment. �
<br /> -'^'�"�' 19. II�i4P,IRAi�10E.Grantor shall keep I'roperty insured agsunst loss by fire,flood,theft and other hazards and risks
<br /> ,:
<br /> •�'."+'�:� reasonably associated with the Property due to its type and laqrion.This insurance shap be maintained in the amounts -
<br /> _ � . •�.� and�or[he periods thnt Lender requires.The insurance carrier proriding the insurance shall be chosen by Gtantor
<br />:,� .,4 subJect to I.ender's approval.which shall not be unreasanably withheld. If Grantor fails to maintain the caverage
<br /> �;s�,���� desed6ed above,Lender muy.at I.ender's c�tion,obtain caverage to protect Lender's rip,1►ts in the Praperty aczording
<br />'"'�"'� to the terms of this Security Instrument.
<br /> All insurance po}ici�s and renewals shatl b$aocepiable to Lender and shall include a standard"martgage ctause"and. _
<br /> � . wbere applicable,"loss payee clsuse."Grantor shafl immediatety notify Lender of canceiiation or teravnation of the _
<br /> � insurance.Lender shall have the right to hoid the poticies and rertewals.If I.ender requires.Orantor shall imrteediateiy
<br /> give ta�.end+cr all receipts af paid premiums and reaewal norices.Upon loss.Grnntor shall give immediate rtotice to
<br /> ' the insurance carrier and I.ender.Lender may make proof of loss it ao�made immediutely by C,rantor.
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<br /> ,� �»fear_r�s�'araoe.stcmuo.wuu90o337.zs»)eama�ot�st9a �.
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