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<br /> 96-- �,Q��.Q��� �
<br /> executed fur the purpc�e:uF cr�ating.�curing or�uarant�•inF the Sccured Debt. A�cxx1 faith t+elic;f M• L.rnJ�►• that c
<br /> l.cndar at any�timc ic insccura with r�:sp.:ct tu any�rsu�i ur rnhry c,hligatcJ on tlu tircurrd lkhl ur lhut thc prasp+:ct �
<br /> a[am•pa��ntc�t��r thc valuc uf t1�r Fru�krty is impaircd shall alw�constitutc an e�•cm��f J�tauU.
<br /> 1S. itEl1lEDIlES lDN DE�AUI.T.in sUm:instanccs,f�d�ral anJ stat�law u•i!!rcyuire Londrr tu prrvidc c���antur wi�h �
<br /> nolkti oi iitc�ighi tu�uta ur oitur n�:i:�s and may esiablish tin�e sche�ul.:s fur furccla,urr artiun•.tiut�ject tu theu
<br /> limitations,if anp. Lend.� ma)� a.cc►c'ratc thc S�cur�d Dcot uud fuic:.lusc :hiti Sccucit� Tnstcu:��cnt in � mannrr .-
<br /> provickJ hy law if GiaoTcir is in d:{ault.
<br /> At the��+ti��a of l.cnd�r.a11 nr an}� rart of the agreed fres and chiirg��,a�riucd int�rest anJ priuri��al ,h:►II h�►��m: �
<br /> immu�iat41}�du� and pap:�t�l.,aitt�r g+�ing notire if requircd by law. upun the�xcurrencr ut a ar(auU ur anytim� �,
<br /> thereafter. ln addition.I.cader shall h� enUtled to aD the rentedies pro��idc:d hy lau•.thu terms of the S�cured D�ht. �-
<br /> this Security Instrmn:nt and any mlated documents,inclu�ing without limit:��ian,the�x,a��r tu ull the Prurerty. -
<br /> if thcre is a dE�flult,Trust�e shall,in addition to any othcr�x:rmiued remedy,at thc rrqucst of ihr Lcndcr,aJ��rr�ise
<br /> i�
<br /> and sc:11 the Fropecty as a whi�1L or in s�patale parcels at public aucti�m to the highest bidder fur cash anJ cam'ey _
<br /> absalutc tiQc� free and clear of all right,title and mterest of Granwr a�such tim�and plucr as Tru�tce design�t�s.
<br /> Truste:e sh�ll gi�'n notice of salo including thc time,terms and pince of salu and a descriptian of lhe propc:rty w bc sc�td
<br /> :�.s requircd hy Iht�appli�able law in effect ut thc time of the propc�sed s:►la
<br /> U��sale:of ttt�.�r�yp:r�y and to the extent not prohibited by law.Trustec shnll m�kc and dcli�•rr a decd to thc PruFxrt�•
<br /> x�kl w�hi:�com��ys�bsolute tide to 1he purchaser,and uftcr Gnt p3ying aU fec:s.charge�and costs.shall pay a�Lend�r aU
<br /> mnn��'a ac.iti'ancc:d for repaits,tuxes,insurance,lien�,assessments and pnor encumt�ranas and interest thereun,and thc
<br /> prin:��al and interest un the Securc�l Debt.paying the surplus,ef any,to Gnntur. Lendcr may purchaw the Prupc�rt��.
<br /> The r�,�tal9 in any cif:ed of com•eyan:.e shall bt:pnma facie e�iden�e oi the facts set forth Iherein.
<br /> All remedies are distinct,cumulative and not esciusive,and the Lcnder is entiUeci to all remedics prorided at laa vr _
<br /> equity',w'l�ether or nut f��+ressly set torih.The acceptAnce by Lender of any sum in payment or partial pa�•ment un the =-
<br /> Securc�i Debt after t6e t�alzuicc is due or is accelerated ar atter foreclasurc�roccedings are Cled shaU rsat�bnstitute a
<br /> �:ti�•c:r uC,l.ander's right to require wmplete cure of any exisiing defnuU.Bc r►ot exerc�sutig any remed�•on Grantor s
<br /> det'a:il�,Lendcr dces not w�aiti�e Lcr.cicr's nght to later considcr the event a�efault if it cantinues or happens agaia.
<br /> 16. EXPENSE5;ADYAI\CES ON COVENANTS; ATTORI�£15' FEES;COLLECf10N COS'1'S. Except v.h��
<br /> prohibited by law.Cir,uitor agrees to pay all of Lender's expehscs if Grantor breaches any covcnant in this Secur�y
<br /> Instrument.Gnntor v�@1•a'so pay on demand any amount incurred by l.ender for insuring,inspecting,presen•ing or
<br /> otherwise protectin�t@e Propc:rh'and Lender's security inter�st.These expenses will bear mterest trom the date at
<br /> the payment until�i.�in full at the highest interest rate in effect as provided in the terms of the Secured Debt.
<br /> Grantor agrees to pa.;all costs and expenses incuned by Lender in collecting,enforcing or protecting Lender s ri�iscs
<br /> and remedies under chis Security Instrument.This amount�nay include, but is not limited to.attorae}s fees, a��r
<br /> costs,and other legal cxpenses.This Security lastrument shall remain in effect until released.Grantar agre..s to pay
<br /> for any recordation costs of such release.
<br /> 17� ENVIItpNMENTAL LAWS M'D HAZARDOUS SUBST.4NCES.As used in this section.(1)Environmenta4l.aw
<br /> raean�w-ithout limitation.the Co�cprchensive Environmentst Response,Compensation and Liability Act(CERC.RA,
<br />_ ;_�r c�g�nt ..I�ry,�,and alt c�her fcdcral,state and Yc�al laws, regulations,ordi�nances,caurt orders.attoraey
<br /> general opinions or interpretivc l:.tters coneeming the public health,safety,wetfare,environment v� a��i,i����
<br /> substaace:and (2)Hazardous Subst�nce means any toxic,radic�active or hazardous material, waste,pollutant or
<br /> contaminant which has characteristics which render the substance dangerous or patentially dangerous to the public
<br /> healih,safety,welfarc or environment.The term includes,without limitation,any substances defined as"hazardous
<br /> material.""toxic substaaces,""ha�ardous waste"or"hazardous substance"under any Enviroatnental Law.
<br /> GraaWr represents,warrants ar�d agrees thal:
<br /> A. Ex�pt as previously disclosed and acknowledged in writing to Lender,no Hazardous Sub�t�caoe is or will be
<br /> located.stored or released on or ia the Property.This restriction dces not apply to smaFB quantities of
<br /> �-Yazardous Su�stances that are generally recognized to be aPPropriate for the noraial use and maintenance oi
<br /> the Property.
<br /> B. Except as previously disclosed and acknowledged in writing to I.ender,Grantor and every tenant have been,are,
<br /> and shall remain in full oompliance with any applicable Environmental Law.
<br /> C. Gra��tor shali immediately notify L.ender if a releas�:or threatened release of a Hazardous Substanoe occurs on,
<br /> under or about the Property or there is a violation of any Environmental Law conccming the Property.In such
<br />- an event.Grantor shall t�l:e all necessary remedial action in accordance with any Bnvironmental Law.
<br /> I2. Grantor shall'vnmediatefy notify Lender in writing as soon as Grantor has reason to believe there is any
<br /> pending or threatene�investigadon,claim,or praceeding relating to the releasc or threatened release of any
<br /> - Hazardous Substance or the violation of any Environmental Law.
<br /> 1& COl\'DEMNAT[ON.Grantor will give Lender prompt notice of any pending or threatened,action,by pri�•�ce or
<br /> public entities to purchase or take any or all of the Property through condemnation.eminent domain,or an3�other
<br /> mean�Grantor authorizes Lender to intervene in Granto�s name in any of the abo��e described actions or cLams.
<br /> Grantor assigns to Lender tts�Froceeds of any award or ciaim for damages conaecied with a coademnation or atE►er
<br /> taking of all or any pact uf the Property.Such proceeds shall be wnsidered paymenu and will be applied as provided in
<br /> this Securiry Instrucicent.'�his assignment of proceeds is subject to the terms ot any prior mortgage.deed of tn�st.
<br /> = secz►riEy agreement or othcr tien�cument.
<br /> = 19. I1�SURANCE.Grantor sha4➢keep Property insured againse Ioss by�'irc,flood, theft and other hazarJs a�id risi�s
<br /> reasonably associated with the Property due to its type and i�tion.This�nsurance s?�,a1F be maintained in the amounts
<br /> - and for the periods that Lender requires.The insurance carcier providing the insurance shall be chosen ry Grantor
<br /> - subject to Lender's approval,which shall not be unreasonably withhetd.lf Grantor fails to maintain the coverage
<br /> described above,Lender may,at Lender's option,obtain crnerage to protect Lender s rights in the Property according
<br /> to the terms of this Security Instrument.
<br /> � All insurance policies and renewals shal�be acceptaUle to fixnder and shall include a standard"mortgage clause"and,
<br /> .� where applicable,"loss payee clause"Grantor shall immediately notify Lendcr of cancellation or termination ot the
<br /> insurance.L.ender shall have the right to hold the policies and renewa;s.Yf Lender requires,Grantor shall immediately
<br /> give to l..ender all receipts of paid premiums and renewal notices.Lipon loss.Grantor shall give immecliate noiice to
<br />.,� the insurance carrier and Lcnder.Lend°.r may make procf d Loss if not made immediately by Grantor.
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<br />�� (paps 3 of I)
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