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<br /> executcd for tlie�*urpose of creuting,securin�or guuruntying thc Securcd Dcbt.A good faith bclicf hy IAndcr th��t �
<br /> L.ender at any time is insecure wfih respect tu any pc��un o�e�iiity c:bligatc:!on:f�c Cecurec!Deht�r that the prosnect =
<br /> of any payment or tl�e vnluc of tl�c Property is i.rn�:+ircd shall ulso�unstitutc nn cvcnt of default. �,,,,,
<br /> 15. 1tEMED1ES ON UF.i'AULT.In some instnna:s. federal tind statc li�w will require L�:nder to provide Grantor with
<br /> notia: oi�he righl to curc or other notic�s a�nd mny cstahlisli timc schcdulcs fc�r forcclosure uctions, Suhject to these �
<br /> limitations,if any, Lender may accelerate thH Secured Debt t+nci foreclosc tiiis 5ecurity lnstrument in a mauuer
<br /> provided by Isw if Grantor is in default. _
<br /> At the option of L.ender,all or nn�•part of thc:agreed fees and charges,acerued interest and princip�l shall heeome
<br /> immcdiatcly duc and payable,atter givin�notice if rcquired Ny la�v, upon tlic occurrcncc of a defAUlt or anytime
<br /> thcrcaftcr.ln addition,Lendcr shall bc entiUud to all thc remedics pravided by law,thc tcrn�s of thc Secured Dcbt, _
<br /> this Sccurity Instrument and any relatcd dcrcuments,including without liniitation,the powcr to sell thr.pr��perty. c
<br /> if there is a default,Trustee shall,in additicm to any othcr permitted remedy,at thc reyuest of the Lendcr,advertise
<br /> and sell the Property as a whole or in scp:u�ate parcels at public auction to the hi�hest biddcr for cash and convcy
<br /> absolute title frcc and c(car of all right,titla and mtsrest of Grantor at such tunr. and place as Trustcc desiganates.
<br /> Trustee shall givc noticc af sale including th�:�ime,terms and placc of sale and si dcscription of the property to bc sold
<br /> as rcquired by the<►�►plicable la�v in etfect ul t.he time of the proposed sale.
<br /> Upon sale of the propErty and to the e�ct�nt not prohibited by la�v,Trustce sh�ll make and deliver a dcect to the Property
<br /> sold which conveys absalute title ta thr pu�r;ht►��r,and after tirst paying all fees,charges and costs,shnll pay ta I.ender all
<br /> monr.ys advanced for repairs,taxes,insunu�cc,liens,assessments and pnor encumbrances and interest thereon,and the
<br /> principul and interest on thc Secured Do+�t,payin�;the surplus,if any,to Grantor.L.ender may purchase thc Property.
<br /> The recrtals in any deed.of convey�nce sh�11 be prima facie evidence of the facts set forth therein.
<br /> All remedies are distinct,cumulative And not exclusive,and th�I.ender is entitled to all remedies provided at law or
<br /> cquity,whedier or not expressly set forth.The acceptance by L.ender of any sum in payment or parliHl pay�nent on tlie
<br /> Secured Debt after the ba!ance is da�+or is u�:eelerated or Atter foreclosnre procecdings are Gled shall not constitute a
<br /> waiver of Lender's right to requirc complete cure of any existing default.By not exerc�smg any:emedy on Grantor's
<br /> default,Lendcr does not waive Lendor's n�ht to later consider the event a default if it continues or happens again.
<br /> 16. EXPENSES; ADVANCES ON GOVENAN"i'S;ATTOYtNEYS' ['�ES;COLLECTION COSTS.Exccpt when F;::;.
<br /> prohibited by law,Grantor agrees to pay all of L.ender's expenses if Grantor brcaches uny covenant in this Security �•
<br />= lnstrument.Grantor will Also pay un demand any amount incuned by Lender for insuring,inspectU��,prescrvin�or
<br /> �t;;c►„,;;��•ci�„tin�:t:e Prope*��an�i T.ender's security interest.These exp�:nscs will bear interest from the da/e of
<br /> the payment until paid in full at the highest interest rate in effeet as provided in tn�:terms oi ihe Sccucc� �er�i. -
<br /> Grantor a�rees to pay aU costs and expenses incurred by I.ender in callecti►�g,enforcing or protecting I,ender's rights -_
<br /> and remedies under this Security Instrument.This amount may include,but is not limited to,attomeys' fees, court _
<br /> costs,and other legul expenses.'C'his Security Instrument shall remain in effect until released.Grantar agrees to pay
<br /> for any recordation costs of sucli release.
<br /> 17. ENV[RONNiENTAL LAWS E�1�ID H�►ZARDOUS SU85�'ANCFS.As uscd in this sectiar�,(1)Environmcntal Law
<br /> �nenns,without limitation,th��mPrehensive Enviranmental Response,Conxrcnsation and[.iabilily Act(CBRCLA,
<br /> 42 U.S.C.9601 et sey.),an�! aU other federal,stAtc and local laws,regudatione,ordinanees,court orders,attomey
<br /> general opinions or interprcii��e lettcrs conccrning the public health,safety,wclfarc.environmcnt or a huzardous
<br /> substancc;and(2) Hazardous Subatance mcens any tox�c, radioactive or hn�ardous matcrial,wzstc,pmllut��zt or
<br /> contaminant which hos char�ctcristics which render the suUstance dangerous or potendally dangerous to tlte public
<br /> heulth,safety,welfare or environment.The tcrm includes,without limitaEion,any substances de�ned as"hazardous
<br /> material,"'toxie substances;'"hawrdous waste"or"hArardous eubstance"under uny Environmental Law.
<br /> Grantor represents,war�ants and agrees that: �_.____ ,_ ____���w� _
<br /> A. Except as peeviousty disclosed and acknowledged m wntmg to Lender.no i-iaa.aruuus�u��.a�.�.,. •�••, •.•_••... -
<br /> located,storcd or reteascd on or in the Property.Tfiis restriction does not apply to small quantities�of
<br /> Hozardous Substances that are generally recogni�.cd 10 be appropriAte for the nonnai use and maintenHUCe uf
<br /> the Praperty.
<br /> B. Except as previousty ciisclosed and acknowicdged in writing to L.ender,Grantor and every tenunt have be�n,are, .
<br /> and shall remain in full compliancc witli any applicablc Environmental Law.
<br /> C. Grantor shall imm�iately notify Lender if a relcase or threatened release of a Hazardous Substance occurs on,
<br /> under or about tho Praperty or there is a violatian of any Environmentai Law concerning the Prope��ty.In such
<br /> an cvent,Grantor shall tukc all neccssary remedial action in accordance w'rth any Environmental Law.
<br /> D. Ornntor sl�all immediatcly notify L.ender in writing as soon as drantor has rcason to belteve thcre is any
<br /> pcndin�or thrQatened investigatian.clalm,or procc:cdinb rclating to thc release or threatened t�eleasc of�ny
<br /> Hazardous Substancc or thc violation of any Environmental Law.
<br /> 1& CONDEMNATION.(3runtor will �ive Lender prompt notice of any pending or threatened uction,by privatc or
<br /> public entities to purchase or take any or all of the Proporty through condamnation,eminent dom�in,or any othcr
<br /> mcans. Grantor ab9e1►orizes L.endcr to tntervene in Grantor's name m any of the above described actions or clnims.
<br /> Grantor assigns tn►ender the procecds of any award ur claim for damc��es coruiected witli a condomnution or otl►er =
<br /> taki��of all or any y�art of tlie Froperty.Such procecds shull Uo considcred pAyments and will be applie;d as provided in
<br /> ►1iis Security lnstrument.This assi�rnment of proceeds is subject to the terms of any prior mort�age,deed of trust,
<br /> security agreement or other Eier��a:umcut.
<br /> 19. IIVSURANCE. Cvrantor shall keep Propecty insured against loss by fire,flood,thcft and othcr hazards and risks
<br />— rcasonably assosiated with the Praperry duc to its typc and location.This�nsurance shall bc maint4ined in the amounts
<br /> _ T,._ :..e ...s norrinr .,r�Vidino che insurance sh�ill be ch�sen by Gr�ntor
<br />— and for the periods tnai isncic:i icy�����• j���' �•�Y+°"^""""' r" "' °
<br /> subject to Lender's approval,wh(ch shall not be unrcasonably �vithhcld. If Grantor fails to maintain thc covcragc -
<br />° dcscribed abovo,L.cnder mzy,ut Lender's option,obtain coverage to protect Lender'.s rights in the Property according
<br />° to the tcrms nf this Security Instrument. -
<br /> All insurtincx;pml;ctes and c�newals shall be acceptable to Lender and shall include a stnndard"mortgagc clausc"and, _
<br />-- where applicable,"loss payee elnuse."Grantor shall immediately notify Lc:ndcr of canccllation nr tcrmi���lion of the
<br />— insurancc:.L.ender shall have dic right to huld the policies and rene�vnls.If Lender requires,Grantor shall immediately
<br />_ �ivc;to Lender HIl receipts of paid premiums and rene�val noticcs.iJpon loss,Grantor shall give immedi�te notice to
<br />= the insuranc�carrier und Lc:nder.L.ender may make proof of loss if not madc immcdiately by Grantor.
<br /> - (page 3 a!4)
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