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<br /> exccutcd far thc purpu5c of crenting,securing or guar.mtyin�;thc Sccurf:d DcUt. A gond faith hclicf by L.cndcr that �
<br /> I.ander nt any tirnc is insesure wiii�respeci iu auiy pc�sc�n or cn:ity e:E:lig.;i�d on:hc S��urec!Dchr nr tt►:►t the rr�ienecl
<br /> c�t nny�aymcnt or tl►c valuc at thc Property is irnp;9ircc!shnll ulso amstitutc nii cvent c�i defnult.
<br /> iS. K�MI'sp1E:S OI�I uEFAU�.T.In samc inst�inccs,[cdc;ri►I�nd statc !aw wi�l rcquire I.cndcr to pr�widc Grantrn'with
<br /> noticc �f thc ri�ht tn curc or othcr nrniccs nnd may cstablish timc schcdulcs !or foreclosuro action�. Suhjcct to thusc --
<br /> limitutions, If nny,I.ender mny accelerAte the Sccured De{�t i�nd foreclose this Security Insu•umant in ,� mAnncr _
<br /> providcd by fnw if(3rantor is in dcfault.
<br /> At the oplion of l.endcr, all or uny part of the agrccd [ccs and churgcs,accrucd intcrest and princi�al shull he�ome _
<br /> immedic+tcly due nnd pay.�ble, after�rvmg notice �f requircd by law,upon the occurrence uf a default or anvtim�:
<br /> thcrcafter. In nddition,[.cndcr shnll bc entitled to aU thc remedics pmvided by ➢aw,thc tcrn�s of thc Secured I]abt,
<br /> this Security Instrument and any related documents,includinb without limitution,the power to scll the Property.
<br /> If there is a default,Trustec s1�aU,in additi�n to nrey othcr permitted re:ncdy,at thc request of the Li:ndur,advrrUr:c °
<br /> and scll Ihc Property as a wholc or in scparutc parcr,ls at�ublic auction to thc hi�hest biddcr for cash and canvcy
<br /> aUs�lutc titic frcc and cicar of all right, titic and �ntcrest of Grantor at such tima and plucc as Trustce dusf�}nntr:s.
<br /> Truslce shall givc noticc of stil�includin�;thc timc,tcr�ns and placc of sulc and a d�scr'sption of thc property t��bu ssild
<br /> E�s requircd by the applicable law in effect at the time of the proposcd salc.
<br /> Upon snle of thc pro}�erty and to the extent nat prohibited by law,Tru�tce sGull makc and delivcr a dued to thc Prupc:rty ._
<br /> snld which conveys�bsolute title to thc purchascr,and after first puyin6 all Fecs,chargcs and costs,shnll pay to Lend�r al!
<br /> moneys advanced for repairs,taxes,insurance,liens,assessments and priur cncum6run�;es and intr:re�t thare�n,and the •
<br /> principal and interest on the S�cured Debt,paying the sumlus,if any,to Grantor. I.ereder may purchase tliu Fn7�s�:rty.
<br /> The recitals in any decd of conveyancc shall be��rima facie evidencc of the facts set forth thcrein.
<br /> All remedies are distinct.cumulntive and not exclusive,and thc Lcndcr is entiticd to aU rcmcdic:s provided at law or --
<br /> equity,whcthcr or nnt expressly set f�rth.Thc uca:ptana:by Ixndee of any sum in payment ar partiaE payment on thc _
<br /> Secured Debt aftcr the batance is due or is accelcrs�ted or aftcr forcclosure proceed'ui�s Are tiled sQnll not co�sE;l�ate a
<br /> w�ivcr ot Lendcr's right to require cumplete cure of�ny cxisting default.By not cxcrclsing any rcmeJy on C,r�!z2�r's
<br /> defnult,Lender does not waive Lender's right to later cons�der the event a default if it continues or happens a�t.fi!;.
<br /> 16. F.XPiEN�ES;ABVANCES ON COVENAl�1'�'S; ATTORNEYS' E�.�S; COLLN CT1U1V CfBS'X'S.Gxcept when
<br /> prohibited by k��v,Grantor agrccs to pay ull of L.ender's expenses if�u�antar breachcs any cave�t�nR in this Security
<br /> Instrumcnt.Gr-�jntor will also puy an demand any am�unt incurred by I..ender for insurin�,inspec.�iing,presrrving or
<br /> �,th�,rwi� nrotectine the Proaertv and I,ender's security interest.These expenses will bear interest from the�9�tr of
<br /> tlie payment until puid in full at thc highest interest rate in effect as provided in the terms of the Secured o�eut.
<br /> (irantor agrces to pay all costs c+nd expenses incurrcd by L.ender in collecting,cnforeing or protecting►,ender's ri�hts
<br /> and remedies under this Security Instrument.Tf►is amount may incladr,but is not li►nited to, a!turneys'fees,court
<br /> casts,and other le�al expenses.This Security Instrument shall remain in effect until released.Grantor agrees to pay __
<br /> for any recardation costs of such release.
<br /> 17. ENVIRONMGIV'I'AL LAWS AND HAZARUOUS SU�S'A'.�NCES.As uscd in this scction,(1)Environmene��f��w
<br /> means,withouL limitation.the Com�rehensive Environmental ktc:sponse,Compensation nnd Liability Act(�E��:t.,t1,
<br /> 42 U.S.C. 9G01 et seq.), and all other federal,statc und local la����,regulations,ordinances,court orders,attorney
<br /> general opinior.s or.interpretivc lettcn concernin�the public hc�h11¢h.s�fety,welfarc,enviranmcnt or�h�zardaus
<br /> st�bst�►nce;and (2� Hazardous Substancc means aay taxic,rac�d�7ct�ve or hazardous material,waste, pollutnnt or
<br /> conT��minant w�ich hns charscieristics wl�ich render the st�fistance s�nn;erous or potentially dangcrous to the puhlic
<br /> he�i�i,safery, wclfarc or environment.The tcrm indudes,�vitl�out limitation,any substances defined as"hazardous
<br /> material,""toxic substnnces;'"hazardous waste"or"hivardous subst�nc�"under any Environmenia!Law.
<br /> Grantor represeuts,wlrcants and agrees thnt:
<br /> A. Except as previously dixlosed an�l nc:knowledged in wnUng to i..enar,r,r.o riazardous Suuain���.�: �s:,r:::1.",:.
<br /> locatecl, stored or released on or in the Property.This restriction does not apply to sntaU qunntities of
<br /> Harardous Substances thaZ�u'e generally reco�nized to bct appropriate for the norinxl use and maintenanc�of
<br /> thc Property.
<br /> B. Except as previously disclosed and acknowledged in writinn to Lender,Grantor and every tcnant have been,are,
<br /> und shall rcmain in full compliancc with any apFlicablc Environcnental Law.
<br /> C. Grantor slialD immediately notify[.ender if a relcase or tl�reatened relcase of a Ha�ardous 5ut�stance occurs on.
<br /> under or about the Properly ar therc is a violation of any Environmental I..aa concerning the Yropertyr.In such
<br /> an event,Grantor shall take n!i necessnry remedial action in accordance with any�nvironmental Law.
<br /> D. Grantc►r sh�ull immediately notify Lcndcr in�vriting as soon as Grantor has rcason tu believe there is any
<br /> pe:nding or�threatened investigation,cluim,or proceedm�relatinb to the rclease or threatened relcase nf any
<br /> Ha�.�rdous Substan�c or thc violatian of uny Envuonmental Lativ.
<br /> 18. CmNDEMNATION.Grant�r will give Lcnder prompt noticc of:�ny pendin�or threatened action,by private or
<br /> public entities to purchase or ta3ce any or all of the I'roperty through condemna[ian,emi��ent domain,or any other
<br /> mebns.Grantor authonzes i..ender to mtervene in Grantor's name in any of the�i�,ove described actions or claims.
<br /> Grantor assigns to Lendcr the proceeds uf any award�r claim for c�u�nflges cone�ce�ed with a ec�T]�mnation or other
<br /> taking of all or any part of Nie Property.Such grc�ceeds shall be considez�ed paymenta and will be 2�ppGed as provided in
<br /> tkajs 5ecurity Instrument. This�ssigr►ment of proceeds is subject to th�terms of any prior mortgage,dced of trust,
<br /> se.urity agreement or other Ii�a�dacument.
<br /> 19. IN��JRANCE.Grantor shall keep Property insured ag:»nat loss by fire, flood,thcft and o4hcr hazerds and risks
<br /> reasonably essvcixEed with die Property du�to its type and locntion.Ttii��nsurance shall bc maint�ined in the amounts
<br /> _� �__.L____..�.. .w... r..»a.,..,.,,, ..,� �rt,.. :n�.�r�.,��rarrinr nre�v;r}ir�u the in�:urancL chnll !u:chnsen bv Grantor
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<br /> subjcct to LendePs approval,which shall not be unreasonably witl�held.�If Grantor fails to mnintain the covera�c
<br /> c�c;scribed abovc,Lcnder may,at Lender's option,o�tai�coverage to protect L.ender's rights in the P:operty uccording
<br /> tm tlte terms of this Sccurity Instrument.
<br /> Alf insurance policies and renewals shall be acccptable to L.cndcr and shall include a stcindard"mortgage clause"and,
<br /> where npplicable,"loss payee clause."Grantor shall immediately notify L�;nder of cancellation or termination of ihc
<br /> insurancc.l.cndcr shall havc the right to itold thc policics and renewals.If l..ender rcquires,Grantor sl�all immcdiatcl�r
<br />- tr,ive to Lcnder all reccipts of paid premiums and renewal n�ticcs.Upon luss.Grantor shall givc immcdiate noticc to
<br /> ehe insurance currier and L.ender.Lender may makc prouf of loss if not made imrncdiutcly Uy Grantor.
<br /> � (pago 9 of 4)
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