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<br /> in�poction ehalt nlao �lt�cludo a rocoi dn �onscch nnd/or nubr�urfaco toatinQ Eur tho prononco +�'•
<br /> of Hazaxdour� Substanaoe Ln tho oail, eubeoil, badxock, c�ur£ace wntpr ancl/or graunP3wAtor. ...;;
<br /> �F q��,et audit re�ort indicares tho prea�r�ce of any Hazardous S«hstance or a Roleaae or the - _
<br /> chreat oE a R�leaaa on, �t or From the Property, Grnntnr shall �rompt2y undertakn and Ctiy.
<br /> diligently purr�ue to comp1etiAn all necessary� appropriate and legally uuthorized
<br /> inveseign�iva, containment, romoval, cloan up �nd other romediul nctions, using mothode ____
<br /> recommandsd by the engin�9r or other per•son who prcpnred snid audit ropoxc wnd acaeptanaa �:=:;
<br /> Co the appropxiate federal. state and Local agancioa ox authorities. �u
<br /> (D) Grantox covananta and a�rees . ut Grantor's sole cost and expense, to ind�mnify. �--
<br /> prcteGt, de£end and sove hurmless each and evory Indamnitee fxom and against gnY��f�nsesl _
<br /> da�xages, losses. liabilities, obligat3ons,penaleies, clnims, litigation, demands,
<br /> ud ents� suita, actions, proce��linge, costr.� diabursements and/or expenses (including� `
<br /> �ith�out limi.tation. nttorneys' and experts' feea� axpenses and dicbursomente) of any kind
<br /> or n3ture whc�tsoovor which may at a�ny time be iwposed upon,
<br /> incurred by or asserted or
<br /> awarded agbinst any Indemnitee r�l+iting to. resulting from o$Y8n p�r ation f proc�asing�
<br /> of tTne Property for the etoxag�, treatment, generation.
<br /> h������g. produ�ction or disposal of ary Haz�gdaua Substances ar c�s a landfill or other was�e
<br /> d�.spu�9a1 s1�s� pY For military, manu�acta,aring or industrial purpoaes or for the storage of
<br /> peCxvle�► or.• p�eroleum based pxoducts, (b) the prese�ca o� eny itazardou� SubstanceR or a .
<br /> fia�.oa.,pe or tlt�m �hrent of a Release ar�, at or from the Pzoperty, (c) the failure to promptly
<br /> u��cL�rr`eake a�ntl diligently pursu� to completion a11 necessary, nppropriate and legally _
<br /> authox�ized investigative� coneainmant, removal, clean up and vzher remedial actions witti _
<br /> reapecC to a Re].easo or the ehreat o£ a Release on, at o� ff,r�m the Property, (d) t�wnan
<br /> exposuxe to any Hazar.dous Subst�nce . noises, vibrutions or nuisances of whatever kind r.o
<br /> the extent the same arise from the condition of the Property o� tt�e awnership. use,
<br /> operation, sale, trensfer or aonveyance thereof, (e) a violation p£ any applicable
<br /> Environaental Y.aw. (f) non-compliance wi�th any Environmentai Permit or (g) a material
<br /> orefailuYe �ot�erform anyucov nant made�by GrA tar�in this,A�x ea nt (callect�.valyChtho
<br /> "Indemnified�M�ttera").
<br /> TFte liabi.l.i�y of Grantox to �ach Indamnitae hereunder skcall in �ao way be limi[ed, '
<br /> abridgad. i.npaired or otherwiae affect�d 0y (i) any amendmen� mr mad�fication o£ the Losn
<br /> Documents by ar for the beng£it of Grantor or any Rubsequont c�Wnor af �he Prop�arty, (ii)
<br /> any oxtenaf.ons o£ ciae for payrtHanC or performance requlred by mny of �he I,oan baawn�nts;
<br /> (iii) the release of Grantor, �ny guaYantor of the �gn °terms r o�ndition� ontained
<br /> � perforsance or obe�ervanae of any of t�e agr�ements, covenants,
<br /> in any of the Lo�n Doeunente or this instrument by operaCion of laW. Beneficiary's voluntary
<br /> a�:i �x othervise, (iv) the i.nvalidity or uazEnforceability of any of the terms or provisions
<br /> oE tha Loan Docunents, (v) any exc.u�patory provigion contained in any of the Loan Docu�aents
<br /> liaiting Beneficiary's recourse to property encumt,�e��d by this instrument or Co any oth�x
<br /> security or liuiting Beneficiary's ri�hts tc+ a deLl�iency judgment against Grantor� (vL)
<br /> xny applicabl�a sta�ute af limitations, (vii) any investigation or inquiry conducted by ox
<br /> on the b�ehalf of IIenef3�iary or eny ott�►er Yndomnieee or any inf�rmation which Benefiaiary
<br /> or sny other Indennitee �asy har� ar obtain r+ith reapect ta r.he environmental or ecolaglcal
<br /> condition of the 8roperty, (vi��) the sal.e, tran�sfer or eonveyanca of all or part of the
<br /> Property, (x) tha diasolution or liquidation of Grantor or uny guarantor `�i��t�dreleasA
<br /> the death ar legal inoaptsciey of Grantor ox any guarantor o£ ehe Loan,
<br /> or discharge� in whole or in p�'�t, of Crantor or any guarantor of Che Loati in sny
<br /> banksuptcy. insplvextcy, reorganizet3on, errangement. read�ustmAnt� composition, liqutdaCf.un
<br /> or siailar proceeding or (xiii) auy other ctrcumstances which might oth�rwise conetituta
<br /> a lagal or equitablQ release or dische�rge, in whole or in part, of Grantor under tha I.c�xt�
<br /> - ar of any guarantor of tt�eir obliqstir�ns wieh respecC Co the Laan.
<br /> - l.S. ACCBLERATxdN J.N CASE OF GRe1NTOft'S INSOLVE,NCY. xf G�antor nhall vol«�n¢asily file
<br />- a peti.Cian under the Federal BaIInkruptcy Code� as such Coda may �'rom t�.ma to time be a�ended,
<br /> insolvonc ,
<br /> r�� under any aimilar or cucceseor Federal cCatute relatin� to bankruptcy, Y
<br /> �7r�sAgements, or reorganization or under any state bankrupt�;y or insolvency czct. or file
<br /> an ;ar.a�:mr in any involuntaYy proceediaigs admitting in3olve�z�cy ox inability e� pay debte,
<br /> or if Grar�tor ahell fail to obtain a vacation or sta.y withfn thirty (30) dissolutiontor
<br /> filin� t.ktazeof o£ involuntary proceedings brou�ht for the reorganization�
<br /> Yiquidation of Grnntor. or if Grantor st�all be a�judged a bankrupe� or if a trustee or
<br /> roceiver �t►all be appointod for Grantor or GranLarLS..prope^nYrr nr similarrst teycourtl
<br /> - becoma aubject L•o tho ,urisdictiosa oi a cnua..o= ��•.�-�r=-, --=- -
<br /> or if Grentor shall make nn assignmont fox tre benefit o� Grantor'a creditors, or if there
<br /> ' fe an r�tCachment, oxecution or othar ,judicirsl soizure of any poxtion of Gruntor's aesets
<br /> and such neizure is noti diachargad within ten (10) days� then all of the sums socured by
<br />•° this Instrument ehall thercupnn automatically become and be immediately due and payable
<br /> wi�hou+� prior notice to Granr,or and �rithout tho need for any declnration or othe�r action
<br /> oy nena�iia:iu�y or �a� �ther �arry, A.,d Boneficiary ►nay invoka nny remedies pormir.ted by
<br />_J paragraph 19 of thia lnstrwnent. Any attorncsy s fees and othor oxpensea �.ncurrod by
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