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<br /> executed for the puipose af creat�g,securing or guarantying the Sccurcd Debt A good f�ifi b�r.f by L.ender that �-
<br /> ° - Y..ender at any time is iu5ease wit�resp�st to any person or entity obligated on the Secured]Tebt or t3�E the prospect �=-
<br /> af any payment or the value of ti�e Property is impaired shall aLso constitute an event of dP!'autt. ��
<br /> LS. �tEMEDIES ON DEFAIT�'6'.In some instances,federal and state law wilt requise I.es�d2r ta pm�+�de Grantor with ���
<br /> - _ aotice of the ri�t to c�E or ottter aotices and may establish time schedules for fazectusure aetiflns.Subject to th�e �=`
<br />. limitations,if any. Lender may accelerate the Secured Debt aa�forectose this Secairity Instrument in a manner �°�'
<br /> �� p�vided by law if Grantor is 3n default.
<br />��,, � At the aption of Lender,all or any Qart af the agreed fees and charges,accsued interest a,:��prinapal s6all become �-`'�
<br /> __-t- immediately due and payable,after giving notice if required by la�v,upaa the o�ciurest�e of a defanit or anytirae ��.
<br /> thereafter.In addition.Lender shall be enritled to all the remedies proveded by la:�,th��te^�s of Uhe Secured Deb� =—
<br />�;,`(;�. this Sec�riry lnstn�ment and any relateci documents.including withtiut limitation,th�e pn�er ta sell the Property. __
<br />;,�;`'i If there is a default,Trustee sHall.in addition to any ather pesmitted remgdy.ax th�r%�:st of the Lender,advertise �'•-.
<br /> '����� aad seIl the Property as a whole or in separate parcels at p�s6lic aucSiou to th�ti s�r�t bidder for cash and canvey �`-_
<br /> ` � a6solute title free and clear of all right,title and interest of Crantor ai sw�.h tic��and place as Trustee designates. �s�
<br /> ���`:�� Trustee shall give noti�ce of sale includiag the tim�,tes�s and�Iz,ce af sal�a�9 a d:scription of the property to be satd
<br /> rs��`t fQ a�required by the applicable law m effect at tlie time of th.prc�posed sab..
<br />.ey'p�yra �
<br />-���:�;. Upon ffn1i:nf�slie pra�sty atid trs thec�ctent not prolubit�d by la:gi,T:ustx s��m��:3nd dP,.�ver a deed to the Propefty _
<br />;��'¢��� sotd wfiiclt c�nc�j,al.�Uitr_titl:;7a,.rr,Gr_pure�aser,and after first paying a14 fer^,,charges auef nosts.shall pay te I.eader ail --
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<br />°ri�'�'� moneys asi�a�seci f�r.n�r�i�s��insurance.liens.assess�,ats arr.i prior enrvmbrances and'mterest thorean,and the p�ar.
<br />-`-:=�i;d� P��Pat;ud ixt�i:.�sm Yu:���~ed Debt,paying th:sutp�,it ac�p.to+Grantar.Lender may purchase the PropeRy. i;--°
<br /> =`"`-=`=°'• 'The r�ec3��N�ir aear�c�aiL+Yc t��.�x.�!'�,nx sha11 be prima f2cie evit��08 ttA,facts set forth therein. —
<br />::�� ALl rr�r�i,tii a are r.f;�t�t,�t�e and n4t exclusive.�ad ttr:Leader is entitled to all remed�es provided at ta�v or _
<br /> ;.,�r�aroa equity,�a�c�er�-r arf expressly�forth�acce��.r,z�:e by�.e:,�tz of any sum ia payment or partial payment oa the iac.��
<br /> ?"�Y�. Secvred�3e�af�t3ri:balaace is du�ar is arxe�esa��d as aftCT foredosure�mceedimgs aze 61ed.shall not constimte a ' t-�
<br /> 5' � 9 P Y 8 Y'., 8 Y Y ��`-.
<br /> • waiv�r e#����r�' to te trire corn !e".�crzr�o8,an .existan defaulL B. twE exercisin an remed on Granior's A'fT�='
<br /> � defautt;�:.�r ilei�e�t waive Lender's rig�it to)ater consider tAe event a de�ae�i if ii continues or fiappens agaia. . `�''
<br /> R�,r,;:� e� �::
<br /> `.�s>�;: 16. ERP�ffi[E3;AIDVANCES 01� CO'Y�NAId'�'S;ATT�RIV�YS'F�ES;COH.�.LG�ION CQST�.Except w'a�� �;:.
<br /> ' w� profu'bitg�.6y�aav,Crantor agees to pay all of Lender's exp�nses if Grantot breac�s�y covenant in this S� -
<br /> • I�sirumer�t.Grant6r w�71 also pay on de�and any aJnount incu�red by Lender for inswring,inspecting,presecvin��r- �
<br /> . otheraise psoteding the Property and Lender's sesunty interest.These expenses arill bear inierest from the date of "'
<br />:.Y.:� ' the payment�mt7 p�i�in fiill�►t the highest interest rate in effect as provided in the terms of the Secured Debt. -�
<br />,.::w�r. Grantor a es to a �Il costs�ac!e ens§es incureed b Lender in w�iectin eafozcin or roiectin Lender's
<br />;f-;�;� and remed ees uader th'�s Seauit:�:�R�ment.'fhis amaunt may include,bu is not 'baug"ted o.attomeys'fees.�ar�t '_°__-"
<br />,- � costs.uv�l.ethet tegal expen�`G'�"ra Securtty Instrument shal!remain in effect unttl reg�ased.Grantor agrees to pay �`
<br /> � fot any z��..�a�ipa�asts of s.s�i<�ase. �::
<br /> 17. E1dV��:��'�i'�l:�f,:'��{�5:�:`'�i3�WAZA��JSSiJtf�'E��.A..y�-:�:dinthissectiou,U)En�natentalL.ativ n�r-..
<br /> =�.Y,�. a��,�i��rat: .�i:�a,��,tss�:�rehensive E�viron4nentnl�C�s-.��'a:�ensation aad Iaabilityt�G�:t(CER4:I,�, ��_"'`:
<br /> �'(�fyF 42 U.��,A6t)1�si seq.;,aad a3�+a:�er federal,state and Ine��t-f,��s,_r��u:ations.ordinanoes,oourt ordeis,attarrtay """
<br /> general`�spinio�s o=in4er��s��:��tters conc�ming the pt:b�����tit;st�rFety,wetfare.envsronment or a hazarcCu�+'t�i�
<br /> substance:and (21 bw�r�aus:��zbstance means any toxic,radioaciive.car h�zardous material,waste,pollutane m a,,r,:..
<br /> �� � contaminant whicfs'���raracterisdcs wiuch reader the subsiance dan&�:aas or pot�nrially dangerons to th�public �f;_;.;.
<br /> . healtb,safety,welfa,�:.or environment.The term includes,without limitfrJaan,aay substanoes define�as"bazardous `=^`���
<br /> :,:�6t��}:, mate�ial;,"U�xIc substanoes,""1ia7ardoms�vaste"or"hazardovs substan�''�der any F�vaonmental Law. . �r""
<br />`�`��� Grentar represents,warrants and��grees tha� . . .
<br /> • �A. Except as previously discIosed and acknowledged in writing to Lender,rto��aus Substance is or will be �
<br /> focated.stored ar released on or in che Property.This restriction daes not apply to srualJ�quantities af ��+�:
<br /> • . � Hazazdous�stances that aze genernliy recogni77ed to be apprapri;;t:r for the normal use and64�aintenance of � �s���-•�
<br /> ..�,�� the Propert',�, .. � . . . , i�r?t;:
<br /> B. �.:�:qept as pteviously disclased and acknowledged in viriting so Lender,(3santar atid every tenant have.beea,xri�,, . ���
<br /> •'��shall remain in full compliance wit6 any applicabfe Environrriental Law. . • ..
<br /> ` . ;��. C. Grazator shaU immediately aotify y..ender if a release or tAreatened�tiase of a Hazardous 3ubstance occ�r5`on, ��.�
<br /> � :; under or ab�c:t the Properry or there is a viofation of any Environ��ntal Law conceming the Properiy.In such ,.a4M.
<br /> an event;G�,tor shall take aIl necessary remedial acaan in accar�Ftnv�with any Emrironmeatai Law. �,.;,
<br /> ," � D. Grantor shall immediately notify Lender in writing as soon as�Grantor has reason to believe there is any �--
<br /> . �� pending or ttueateaed investigation,claitn.or prooeeding relating to the retease ar threatene�ret�ase of any
<br /> ' .. Hazardous Substanc�or che violation of any Environmental Iaw.
<br /> • ��:+ Y� CtANDEMNA��5iOP1.t'irantor arill give Lender prompt notIce of any pending or threatened action.by private or �'�
<br />:: -,..:. public entities to purchase or take any or nil of the Praperty tivough condemnation,eminent domain.or any oihet =:--
<br /> ';�L��,? means.�runtor authorizes Lender to inteivene in Grantor's name in any of the above described actions or claims. �-
<br /> :��J�!h�_t
<br /> � y,r:,f Gr�ntcrr'3ssigns to Lender the praceeds of any award or cla6m for daraages cannected with a condemnation or a�Tcer
<br />.`h���;"`i: tatcla�:r��'all ot any part of the PtopErty.Sucb proceeds shall be considered payments and will be applied as provide�l in e..
<br /> :"•;��f:�;:� this Se�.irity Iastrumen�This assignment of proceeds is subject to the Eerms of any prior mortgag�,dced of trust. �:�'`
<br /> ;5,4'r�,i.. ::..-:�
<br /> �:,;,. security ageement oratfier lien dacumen� �5��:
<br /><�';�'ti�'�� Y4, IIVSUu�ANCE.Grantor shall keep Property insuxed against loss by fi�ti,f3ood,theft and other hmards and risks �=-
<br /> -''4`i�q?' reasarJ:;1y associated with the Pres�r�-ty due to iu type and lacatinn.This�:svrance shal7�mxinwined in the amounts ��
<br /> il}"•;r7��1.'� —,
<br />,;=,�,t,,�,Yf and foi:he periods t�at Lender c�eguires.The insurunce car�ner providi.^g the insurance shall be chosen by Grantor _ .�
<br />"r+?�:.: subject to Lender's approval,which shall not b�unreasonably withhct�i. !f Orantor fails to malntain the coverage ,s�s�
<br /> � • described above,G.�r�er may.at Lender's option,obtain coverage to pmc�:�r.t Lender's rights in the Property according �;::
<br /> � to the terms of thi��ic�uriry Instiument.
<br /> � �� All inswance poHc�cs and renewals shall be acceptable to Lxra6f��and shall iactude a standard`ynortgage clause"and, �'
<br />��t?;;�� where applicable,"ioss payce ciause."Grantor shall immertia'trely notify Lender of cancellation or termination of the =
<br /> '�� insurance.Lender sHall have the�ight to hold the polictes a�d renewals.Lf Lender requires,Orantor shall immediatety R
<br /> ,a,�
<br /> �; �, gIve to Lender all.rYceipts of paid premiums and renewal aotices.Upon loss,Grantor shall give imaaedinte notice to ��- -
<br /> � � ttae insurance carrfe�e a^d Lender.Lender may make proof of loss if not made immectiately by orantor. �
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<br />. ' . �i£1^�18.�nk.sa Sy�-m�,trn.SL Cbud.fl.`J(1�00347-2311)Fam RE-DT-trE @�81BA i-'�'._
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