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<br /> � „ � . the Pro erty in violation of any law. ordin�i'[�e, or re ulationl _� _ _' _�_
<br /> -� r,�� `�„� �. " and ahall pay an8 pranptly discharge At Borrower s cost and
<br /> ' ,.,, �,�.--
<br /> , • ' expanse all liena, encumbranc�o snd chargea levied, impoasd or � �-�
<br /> � a��eseed againat the Property ox any part theraa�. ,:
<br /> ,. -_ 6�:�_:_-�._------_
<br /> � � 6. Eminent Domain. Lender io hereby assiqned all -. T
<br /> compeneation, awarda, damages and other paymenls or relief —
<br />�^' (hereinafter "Proceeds") in connection with condemnation or other �^�{��_
<br /> ance in lieu �.����`"
<br /> taking of the Property or paxt tbereof, or for convey =4.�r,.
<br /> of condemnation. Lender shall be enkitled, at its option, to -��-�,
<br /> aommence, appear in and prosecute in its own name any action or � _
<br /> �;;',: . proceedinqe, and shall also be entitled to mnke any compromise or A:�;---�:,-- -"
<br /> .,�...���+►�:�...�..,.
<br /> �� ' aettlement in connectian with such taking or clamage. In the �;��;_.u„���.,-
<br /> � ' event any portion of the Property is so taken or damaged� Lender �' �
<br /> � � �n ite �ole and a�bsolute discretion, to `��'�=�:
<br /> ,., shall hAVe the option, ��,`���"
<br /> ` ��' apply a�ll auah Proceeds, after deducting therefrom all costs and ��-_ �
<br /> � expenaee inaurred by it in oonnection with such Proaeeda, upon r..,..__.,„_�
<br /> �',::.�:.�---
<br /> any indebtadnese secured hereby and in such order aa Lender may -�-- -� .__�__
<br /> •��x�• • d�tarmine, or to Apply all auah Proaeeda, alter such deducbiona, .. . ;_�.�_
<br /> �� �o the reatoratfon of the Property upon auch conditions as Lender �_,:;+,� _j�.•ui�
<br /> ° say determine. Any applicatfon of Proaeeds to indebtedness shall • ^s. A
<br /> � �•���� not extend or postpone the due date of any paymenta under the , h�,+�••�
<br /> Note, or cure any default thereunder or hereun8er. ; �:'�,y`:�-y__ -
<br /> , ' 7. Performance b Lender. In the event of Horrower'a ����'<'"�3
<br /> . failure to per orm any o t e aovenants herein or make any paY- � ".'
<br /> ments required hereby, or if any act is takeri or leqal proceeding ..;,.. .,
<br /> ,�::. � `��''��
<br /> ,,: � commenaed which materiellf affects Lender s interest in the w �..,'�J:
<br /> -`====` Proper��, Lender s��y in ita own ��,Raretion, but without obliga- _ �-`;';?i���:
<br /> "'' ' � tian ta do so, and without notice to or demand upon Borrower• end T��.'��:��
<br /> , � � without relese3.nq BorroNer fromisnto doiandi ay also do any oh hcer � �'� �_
<br /> ��"; ", the 9orrower has aqzeed bu� fai � ���: ` n
<br /> act it deema nece9sary to protect the secusity hereof. Borrower :�4 �
<br /> ehall, immediately upon demand therefor by L�nder, pay to Len der �►.. ���.
<br /> f e i l c o s t s a n d e x p e n s e s i n c u r r e d �nd sums ex pendecl by Lender in � ;,�
<br /> I connection with the exesciee by Landes of the foreqoing r iq b te, f �;
<br /> together with inter�st thereon at the dofault rate provided in
<br /> � ' �� the Note, which shall be added to the n e tedneae secured ,
<br /> - � hereby. Lender ehall not incur any liability becsuse of Anything � i_�`� •.
<br /> . it may do or omit to do hereunder. , ►��_;.,
<br /> ' � � 8. Hazardous Materials. Borrower shall keep the . __
<br /> � Pro pert y in compl ance w th any and all federal, state and locel ; -,r,r,.,,�_
<br /> � � ,, � �� laws, ordinanaea and regu lat ions re la t i n q t o i n d u s t r i a l h y q i e n e ,. • '..•�a_-:��;
<br /> � ''. .�r.r•-. ,,
<br /> or to environn►ental conditions on. under or about the Property.
<br /> including, but not limitQd to, soil and qroundwater conditions�. , .
<br /> Truetor shall not use, generate, manufacture, store or dispose nf ,
<br /> on, under or about the Property or transport to or from the
<br /> � Propertiy any flammable explosives, radioactive materials, hezardoud •�,
<br /> � � � wastes, toxic substances or related materials, includinq, without
<br /> � � limitation, any substances defined as or inc luded in the defini-
<br /> tion of "hazardous substances" , "hazardous wastes", "hazardous
<br /> materials" or "toxic substances" under any applicable laws,
<br /> � ordinences or regulations (collectively referred to hereinafter
<br /> as "Hazardous Materials") . Borrower hereby warrants and repre-
<br /> sents to Lender that there ure no Hazardous Materials on or under
<br /> � the Property. Dorzower hQreby aqrees to fndemnify and hold .
<br /> harmless Lender, its directnrs, officers, employees and aqents,
<br /> � ' and any successors to LendQr's interest, from and aqainst any and
<br /> all claims, damages and liabilities arising in connection with
<br /> the presence, use, storage, disposal or transport of any Hazardous
<br /> � � Materials on, under, from or about the Property, including, with-
<br /> out limitation, (a) all damages directly or indirectly arisinq
<br /> 011�.' OL` t.'h@ L1BG� L) ���••^°al AF 1fASAt'[�OUY
<br /> ' ene=a�ion� e�i.viayo �+� .�r��--�
<br /> Materiala by Borrower or any prior owner or operator of the
<br /> Property, and (b) all costs of any required or necessary repair,
<br /> cleanup or detoxificatfon and the preparation of any closure or
<br /> other required plans, whether such action is required or neces- .
<br /> sary prior to or following transfer of title to the Property, to
<br /> the full extenti that such t�ction is attrfbutable, directly or
<br /> indirectly, to the prQaence or use, generation, storaqe, release,
<br /> threatened release or disposal of Hazardous Materials by any
<br /> peraon on the Property prior to transfer of title thereto by
<br /> -3-
<br /> • �
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