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<br /> eeecuted for the pu�ose of creating.secur+ng oz guarantying the Secured Deb�A goad faith bel�ef by Lender ehat �
<br /> I.rndPr at any time is insecure with respect to any pe�on or entity obligated on the Secured Debt or that the prosgcct -
<br /> _ - of any payment or the value of the Property�s imfi�*ed sh?II also vonstirute an event of default. �.
<br /> 15. R�IViC�?D�5 ON DEFAl1a.'d:In some instances.federal and state law will requir�Lertder to provide Grantur with
<br />-� notice of the right to cure Qr other noticss and may estabtish time schedules for foreclosure action.�.Subject to these �
<br /> Iimitations,if any,Lender may aceelerate the Secured Debt and foreclose this Security Instrument in a manner F
<br /> =," providea by law if Grantor is in default =
<br /> `�;•: At the opiian of Lender,all nt any part of the a�eed fees and charges,accrued'mterest�utd psir:eipal shall beeomc �.:
<br /> �- immediately due and payabl�,after giving natioe if required by law, upon the occurrence of a default or anytime —
<br /> � thereafter.In addition.I.�ndor sha116e entetled ta�Il the remedies pravided by law,the terms of t6e Secured Debt, �t `
<br /> this Security Instrvment and any related documents,including witlaout limita�on,the power to sell the Pro�erty. ��
<br /> if there is a default,Trustee shaU,in addition to a�y.other permitted remedy,at the request of ttte Lender,advertise "
<br />� and sell the Praperty as a whute or ia separate p3rcels at pubtic auction to the highest bidder for casb and convey �_
<br /> absolute title free and clear of all right,title an�interest of Grantor at such time and place as Trustee designatcs. �
<br /> Trustee shall give nodoe of sale inctudin�the timf:.terms and place of sale and a description of the property to be suld
<br /> �� as requued by tue applicable laa in effect at the tiaw af the proposed sale. 6
<br /> �,�� f Ugoa s�le of ttte�roperty and to the extent nat pr�'tibited by law,Tnrstee shall make and deli��er a d..�ed to the Property
<br />:�s}r;i suFd�vhich convey�s a�solute title to tre purw�.a�d after first payiug all fees.charges and cas�.�-�%pay to l.ender all _
<br /> -�r1'' mr��rz_r..s adaanced for z�a:r��,a3x�,ins�.uac,:...G,�s,��es.-�.nts and grs.*r eucumf�ra�es aud i�__L�thereon,aad the _
<br /> ,�rrs� rr.inqp�l and c:�r•�x�on c�e Se.aumd qBe�t�a�i�t��surp�,if�:;_c.Gra�t�.�.em�.r ma�•���sc3sase the Propercy. �.
<br />--,,.�,-< �e secita���ny aieec�o`convzyance sL•�°;�Se�-i�s�ie��idenc�s���•��sz�.Frn-th�°*ei�
<br /> :,i1 , �3 reauedi�sar��c�sti�ct.cu�uia�v�zs�n�s���u•x:e.�3 t:r��c��7 i�e:�s�.:a�>�...�,.�.*:.s�ovided at law or
<br /> e.�F� .. �-�
<br /> ` �y,.�ty,ivhether�s noi e.�ty.set€s�'.�.���=`,�`�r.,;��;«�'-'�3z1�-anv�;r�ir�,,�sa��a��s� �ar�ialpaymeat oa i.�e .
<br />.r.`•::i� �au�ed Debt after the balance�s tias a�:s u4v"�'�is.�te�os�;.�.ei<c�r�.lasu:��c�e�gs�*e-�:��ratl Q�t oas�t::+ta�:a �r
<br />--.�",� w�a,ver of Lender's righ!xo requir�oo:���ete�sr-�af�.�.��s�r•,�d�`��.iL By ca:�-�sa�im��r�,rzmedz�a�C'rr•afrt�s s
<br /> ;�.
<br /> default,I.ender dces not w�ive Lender's�i�2�laie:ecir�sioes zh e eve::c a default if it continaes�hapgen�aga�n- �'
<br /> • i.ri. ��NSF..4;ADVANCF�OL�1 COVEI�;APi'H`�,A tT'[CaR�Y�'�ES,�OLE.ECTION C��'S.�scep�w�en
<br /> • Faad�bited by law,Cirantor agrees to pay al!of Lender's e�enses if Grantor breaches any wvesant in t�'s Sec�uity __-
<br /> ' Irstxuatent(Drantor will also pay on demand aisy amn�t incurred by Lender for insureng,inspecting,preseua.�ng or _
<br />;:;�::' �. otherwise protecting the Property and Lender's secesrity interest.77tese expenses w01 bear interest from the date of —
<br />, . the payment until paid in full at the 6i�hest inscaest rate in effect as provided in the terms of the Secured Deb�
<br /> Grantar agrees ta pay all casts and expenses int�ned by Lender in cotlectin�,enforcing or pratecting Lender's righ3s
<br /> and remedias under this Security Insteument.'I�i4 amount may include,but is not limited to.attomeys'fees.court
<br /> - costs,and other tegul expenses.This S�curity In,suument shail remain in effect until released.Grantor agrees to pay
<br /> for any rec�rdntion costs af such retcase.
<br /> � 17. ENVIRONt4lENR'Al.L.�t�Y3 AND He�►ZA[dDD�US SUiISTANCES.As used in this section.(1)Environmental Law
<br /> „. means,without tImitutian.tho Comprchensivc Environmental Response,Compcnsation and Liability Act(CERCLA,
<br /> . . 42 U.S.C.9601 et seq.),and all other fcderal,State and local laws,regalatians, ordinances,court ordcis,nttomey
<br /> . general opinioas or intcrpretive letters conceming the public healttn,safety.welfare.environmeat or a hazardous
<br /> � substance;and(2)Hazardoue Substance m-eans any toxic.radioactive or hazardous material,waste,pollutant or _
<br /> � � cantaminant which has characteristics wluch render the substance dangerous or potentiaUy dangerous to the public
<br /> � ; healtb.safety,weffare or environmeat.The temn inc�udas,without limitation,any substances defined as"hazazdous _
<br /> . material,""tosic substances,""hazardous wasto"or"ha�rdous substance"under any Environmental La�v _
<br /> �. Granter represeats,warrants and agrees tha�:
<br /> � A. Exeept as previoasly disclased and actc►evvrledg.d in writing to Leader.ao Hazarda�rs Sul�-�c�i�«�cc�u�►ll be
<br /> � lacated.stored or released oa or in ths Pragerty.This restricrion does aot apply c.�s�.:�3 c�,-��.nies of ��
<br /> � . Hazardaas Sabsta�ces that are gen.ra!Pj•.x�e��ized to be apprapriate for the aarm.J u:�e.r�:3_c�s3i::���a�ce of
<br /> the�roperty. . .
<br /> „ B. Excep2 as previously disclased and zsiavav�;edged ia writing to Gender.Grantor and evec�v i��r.t have 6sen.are. .
<br /> and ahall remuin in fall compliance wit6 as�y a�:I��ble Envir�nmental law. � � �
<br /> --_,�- �. Grantor shall imm�tti�ately nodfy LendRr if�a r��ea�or�threateued release ef a Ma�ardous Substanc���t+sr3 on, _
<br /> � under or about the,Property or therc is a viola�:?�m nf any En�ire aineatal F.,::�v conceming the Prapem'f:1i�such
<br /> . an event.Grantor shall take ail necessaay Yemedial aetian m ac�,��danre witt�any EnvuonmentAl Law.
<br /> � D. Grantor shall immed3ately notify Len��in writing as soon as Granioz has reasan ta believe there is any =
<br /> . pending or thraatea�d investigation.ctaim,or proceeding relating to tbe rekase or threatened release of any
<br /> - Hazardous Suhstance or the viotation of any Env�ranraental Law. •
<br /> Y�I '' 18. CON�EMNATION.Ciranta^will give Ler�er prompt notice of any geading or threatened action,by private or
<br /> ' public enrities to purchttse or take any or a39�of the Pcoperty through condemnation,eminent domain,or any other
<br /> means.Grantor authorizes Lender to intervene in Grantor's oame in any of ihe above described actians or claims.
<br /> ' GrAntor assigns to i.ender the proceeds of a:�y award or claim for J;�mng�w conrtected with a condemnatinn or oiher
<br /> taking of sill nr any part of tho Praperty.Su:tv praceeds sha11 be considered payments and will be applied�as pravided in
<br /> tfis Security Instrument.Thts assignm�nt of praceuis is subject to the terms of any pti�r mortgage,deed of tnist.
<br /> ' secuaity agreement or otlior lien docum�nt.
<br /> 19. INSURAAIC�.Grantor shap keep Property insured against loss by fire.flood.theft arcd other hazards and risks
<br /> reasonably associated wiih the Property due to its type and locarion.This�nsurance shall be maintained in tha amounts
<br /> and for the periads that Lender requvcs.The insurance carrier pmviding the insurance shall be c8osen by orantor
<br /> subject to Lender's approval,which shall not be unreasonably withheld. If Grantor fails to maintain the coverage
<br /> described above.Lender may,at i.endsr's option.obtain coverage to protect Lender's rights in the Property acoording
<br /> to the tertns of this Security Instrumen2_
<br /> All insura.ace policies aad renewals sha1�►p:acceptable to Lender and shull include a standard"mort�age clause"and. __
<br /> \L�rzre applica6ie,"toss pa<<ee clause."��tor shall immediately�cx:fy Lender of cancellation or terminution of the
<br /> i7�rttt�ante.Lender shati h�rr.rt•�si;ht ta f�otd the paG;�n.w�nd rea��-�.�s.If Lendes requires.Grantor shaU i�edintely
<br /> �,�;�r.;ta L.ect�:s all receipis a�'paid prerru'.:.ats and n�+tt:�a:;1 r•s3tia:-�.L'.rtt�toss.Grantar shall g�ve immecff��i�:i'�stice ta
<br /> �' the insuraita:*.�xsiet and Lresd�r.Len�:Y:a rray tnake�:.v.;f�-;,f�n;_:�r�`nFt rnade immediately by��ntor. �
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