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<br /> executed for the p�upase of creating,sQ�auio.�ur guarantying ths Secured Detit.A�o d faith��7ic��y��dcr t6�t F
<br /> i.ender at any time is insecure�•rifft respect 2a arzy peison or entity oisligated an the Secured Debt or that the praspect --
<br /> of any payment or the valae of the Prag�rty v im�aised si�ali also constitute an eveat of defau�t. �
<br /> lS. ItE1ViEDIES ON DEFAiTLT.In so�e ir.stan.ccs.federa!and state law will requim Lender to pruvide Grantor with
<br /> • notioe af the right to cure or other no�es aa��ay establis6 time scdedules for foreclosure acaons.Subject to these =
<br /> fimitations.if any,Lender may accetesats t�S=cured Debt and foreclose this Security Instrumeat in a atannes =
<br /> '�' provided by law iF Gran*or is in defaulL -
<br /> At the option of Lender,all os any part of tke agr:ed fees and charges,accrued interest and principal sha0 bewme `-
<br />��� immediateiy due and payable,aftea givia;nn►.;,;e if reyuired by law,upon the occ�arrence of a default or anytime �
<br /> thereafter.In addition,Lender shall be ettta^�.ed e+�alD the remedi�s pmvided by law,the temis of the Secured Debt,
<br /> tius Security Inscrument and any related d�cuz�er.�s,inctuding�vithaut.l'zmitation,the pdwes to sell the Property. _
<br /> If there is a defaul�Trustee sha1�,na ari�:tic���2ny other per�nitted retnedy,at the request of the Lendes,adveriise f:
<br /> and sell the Progerty as a�vtuole-or in sepae�.te pazcels at publis auc�on to the highest bidder far cash and canvey
<br /> absolute titie free an�clear of all rig6t,titie and interest of Granictr at such time and place as Trustee designates. �
<br /> Trustee a6all give notiee of sale iECludreg tha time,temns and pl�a:of sale and a descriptinn of the prop.rty to be soid --
<br /> s� as requJi�sl•by the applicab3e lavi in e�f�e at the time of tne pra�msed sate.
<br /> .'tn :
<br /> � Upoz�!��a�the progerty aad to the e�nt n�t ptohit►iYnd�iy lar�,Trustee shall make and dz1'�ver a deed to the Propertyr
<br /> soid nv[ri.�aonveys absolute title to the purchaser,and after 5rst paying all fees.charges a:.0 oosts.shaIl pay to Lender all -
<br /> monays advanced for repairs.taxes,ins�rance,liet�s,assessments and prior enrumbrances and interest thereon.and the
<br /> � princ�pal�d interest aa tine Secur.d IIebt,paying the surplus.if any,to Graa�ta�.Lender may purcLase the Progerty.
<br /> � The rgtsi�is in any deed of convegttace shall be prima facie evidence of the fa�2s s2t fonh therein.
<br /> Al]remed�i�s are distir.ct,cum�;tative aszd nat e�ulusive,and the Leuder is entid�d to all remedies provided ai law or
<br /> equity,whether ar nai ex�r.essly s�t foith.T�e accaptance by Lender of any s,�in pa}rtnent or partiai payment on the -
<br /> Secured Debt aftsr the batence is due or is accelerated or after forecEosure�+rQCeedings are filed shall nnt eonstitute a , _
<br /> ��aivsr of Leade�'s ri$ke ta reqsi�e��ste cuse ctf any e�risting defaulG By uot exercising any reme�on Graniar's -
<br /> , s'Y�ult,Leader ci�s ctot wai��e Leade�'s righs to t_�•�consider the event a�'zFault if it continues or fiapp�s again.
<br /> 16. ��'��S;AiD��L1oI�S lDl�i COV�NANFS;ATI'ORNEY9'FEES;COLLEC tt'�Q�N COSTS.Excegt whe�n -
<br /> ����S.�y taw,Graa�tar agrecs to pay all of Lender's expenses i�f Grantor breache�anp covenant aa this Se�zt�iS� _
<br /> , •�,,-ro�ei�i.Grantor.��l also pay oa demaac�any amount incvrred by I.end�r for ins�g,inspecumg,pr�enr�g ox� _:
<br /> �c:�e proteceina 2he Pr�periy ascd Leader's security interest.These e�$nses wit?bear interest from the��ze�i�" �
<br /> , ��r�,��ent until paid in fuU at tha highest interest rate in effect as provided in the terms of the Secured De�?.
<br /> Crrar�r�re�s to pay all cos�aad eqpenses incurred by Lender in salle�tuig,enforcing vr prosecting Lender's righ2s
<br /> and reaa:�iies uauer tbis SecuFit}�1f�4'�ument.This amount may include,but is not timitad to,attorneys'fees,wur�.
<br /> � casts,and other lega�expenses..'�is Seaaity instrument s�iaafl3�emain in effect unt�rete.t�.4ed.Grantor agrees to pay
<br /> , � far any reeordat�on casts of such release.
<br /> 8`: E1VI�IRONNIEI�'I'A�l.AWS AND BAZARi���SLJBS'�'ANCE3.As used in this section,(1)Envi�anmental Law
<br /> . meana,svithout lu�itati�n,the Co�.�rehensive Erivironment�I L�iesponse.Compensation and Liability Act{CEItCLA, -
<br /> ':� 42 U.S.�.J601 et seq.),and au c��'c..•r federal,state and t�•�aws,regulations,ordinaaces.court orders,attomey
<br /> : .F generaf�inions or intezpretive F::�ters concerning the pubE�I�aaith,safety,welfare,environmeat or a hazardous
<br /> �r subs¢ance;and(2)H[azardous Su6stance means a�y ioxic,radioactivc ar hazardous material,waste.pollutant oz
<br /> contatainant whic�has characterisrics which render the substance dangzraa.3 or potentialiy dangerous to the pu6lic
<br /> �'� � health,safety,r�elfare or enviro�ament The texm includes,without�limitat�an,anp substances defined as"hazardous
<br /> . material,""toxic su6stances.""h�aardous waste"or"hazardous substance"under any Environmental Law.�
<br /> .' Cirantor represents,wanants auc�a,�s that:
<br /> A. Except as previously disc2osed an9 acknowledged in wrlting to Leader,uo Hazar�2tr�s Substance is or will be _
<br /> � locazeqS,storec}or released on or in the Property.This restricrion daes not apply to sm�Il:quantities of -
<br /> . Hazardous Substaitces that aze geaera?f�.¢�cognjized to be appropriate fos the uormal ns�a�fl.uriaintenance of ,
<br /> . tbc I'coperty. . . •
<br /> � B. F acept as previously disctoced and acYnowledged in writing to Lender,Grantor and every tenant have been.�'r.�, .
<br />.. .. aad shall cemain in full co�;l��nce with any applicabl8 Environmental Law. . ,.
<br /> . C. Grantor shall immediateYy natify Lender if a release or threatened re iease of a Hazardous Subs:�no�k�,cc+us oa,
<br /> , � nnder or a6ouL t���Property or there is a viotatian of any Environr,�f��tal i..aw conceming the Propet.�.In such
<br /> an event,Gr�..r�r�li ta�e s�ll neces5ary remedial artion in rtceordw:.'�with any Environmentai I.aw. -
<br /> D. Grantoa shall in�media:e�y+�atify�I.ender in writing as soon as Grantor has reason to believe ihere is a+�i�r
<br /> � .� . panding ar threatened i��rzstigadon,ctaim.or proceeding retating to the.reiease m�i threatened release oi�y
<br /> . H�ardovs Sutr:'r.ar,ce or 1he violation of any Environmental Law.
<br /> '�.� i; t�3. CONDENQVAT�TOI�o�:�ntor will give Lender prompt notice of any pe:�ding or threatened action,by psivate or
<br /> '` public entities to pur�f�ase or take any or all of the Property ttuougU wndemnation,eminent damain,os any other -
<br /> {' means.�"s:�ntor authorizes Leas�e:to intervene in Gran4m's r?me in any af the above described actions or clain�: .
<br /> Grantor;�:�:3gns to l.�ader.th:p�+aeeds of any�ward or claizn�or damages comtected�ri��a canderanation or athea �
<br /> '�� takiag c�'�Li•or any part of the Pru�:ty.Such proceeds shaU be considered payments and�i`�be applied as provided i:r
<br /> � 5` this Securi2y Instrum�^�'This assignment of proceeds is subject ta 4he te�s of any F-:ur mortga�e,deed of trust,�
<br /> � ��� � security agxeement n�ctttrr lien cMcument.
<br /> y� 19 I1oISi31t1#:�ICE.Grar.:nr shall kee�a Property insured against lass by fi�.:1�,�ad,t�eft�d other hazards and risks
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<br /> �,',z�;.�: rea�otu�lsby�associated with the Pr�rty due to its type and tocatian.T(tis��::ran�e sh�fl 17.n.maintained in the amaur.*.�
<br /> ,% and tar tTn:periods that Lr_nder ct.+quires.The insurance casrier�ratitd�g the insuranr,�shall be chosen by Grantor
<br /> ' �; subject co Lender's approval,whic6 shall not be uereasonably wit�eld.bf Grantdr fails to maintain the coverage
<br /> . descritred above,LensLr may,at Lender's optioa.obtain coverage to protci:�Lender's rights in the Property acearding
<br /> ta the terms af tbis Security Insm�ment. ,
<br /> , A.11 ir�urance policies and ren�cr�als shall be acceptable to Lender and shall include a standazd"mortgaga ciause"and,
<br /> ,��.� where applicable."locs payee clause."Grantor shall immedaatcly notify I.ender of cancellarion or terminateon of thc
<br /> insurance.Lender shal!have the right to hold the policies and renewaLs.If Lender requires,Grantor shall immediate3y
<br /> give to Lendcr'all receipts of paid premiums and renewal notices.Upon toss,Grantor sdall give 'vnmediate notice to
<br /> ; �. the insurance carrier and Lender.Lender may make proof of loss if Qot made immediatety by Grnntor. _
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