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<br /> ' executed for the�urpose of creating,sec�nring or guarant}+ing the Secured Deb�A�ood Eaith betiet by[.ender that �=
<br /> I.ender at any time is insecure�vith r�.sPed t�azeY i�e�n or ent�ty obtigated�n the Secured Debt or that the Qraspect � �
<br /> __ of�nny paymen3 or the value of the Praperty is impaired shall also cflnstituEg nn event of defaWt. �'�;:
<br /> . . y�, ��D�S Qyy DEFAULT.In some iastanoes.federal attd state law v�ill require i.ender to providc Grantor�riiG _�_
<br /> �S --
<br />' notise of the right to cure or oiher notices and r[tay establish time schedules for toreclosare acriana Subject to these �_
<br /> � limitations.if any, Lender may accelerate tiie Sec�red Debt and foreclose this Securily Instrument ia a manner
<br /> "_ provided by lave if Grantor is in�efauit ��
<br />_r`. . A t t h e o p t i o n o[L.ender,a!1 or an y p a rt ef the ageed fees and charges.aocru�d interest and principal shaU hecome __ -
<br /> � immediately due and payable.after giv�ng notice if reqnire d by law,upoa t he o c c u r r e n c r e a f a d e f a u l t o r a n y t i m e �
<br /> ti��rcafccr,in addition,Lend�r shall Be enrided to all the remedies provided by lavi.the terEns of IIhe S�ured Deb� ���'
<br /> this gecurity Instrument and aIIy related dmctuaents.including without limitatian.the power�to sell the PropeYty. �•:�
<br /> If there is a default,Tcustee shall„in addition t�any other permitted remedy.at the request of the Lend$r,advertise Q�__
<br /> and sell the Property as a whote or in sepazate parcek at public auction to the higTaest bidder for casb and convey
<br /> absolute title Gee and clear of all right,title and mterest of Grantor ai sucY�time and p}ace as Trustee designates• .. ---.
<br /> ' 't'r�s�e shaIl�is-e rz�lice of sate includiag the time,cerms and place of sate aad a descriptian of the property to be soid —
<br />;r��,. ���(3y th���icable law ia effect at the time of the proposed sale.
<br /> -_•._�-.
<br /> :����' . Upo�ssie of ti�e��geny and t�the extent nai prolu'bited by law,Tnutee shall maYe and deGver a deed to the ropertY �-`
<br /> sotd t�t�ic?�oa�:•.�����ute title to the pur�ch�sseer.and a.ftee�rst paying all fees,charges and costs.shall pay to Lender all
<br /> � moneys adv�,---�1��*repaus,taxes,insu�.a�G�s.��z�anu and prior encumbrances and imterest tt►ereon.aad the -
<br /> a
<br /> prineapal and�.�s.�an the Secarerl De�L�.��g the s,ut'us,if any,to Grantor.Lender may pnn$ase the Property. _—
<br /> Th$re�tals in an;c�d of conveyance sha�i�prima fa�e�=den�e of the facts set forth therein. �,_
<br /> AIl remedies are�.�`°:uct,a�t�?ative and not exciusiive,�r3 the Lender is entitled to all remedies pravided at laa►or _
<br /> _'.s, �. e9ui►Y,wl�elhez e�taat express�y set forth.'I��acxeptance€�Lender of any suan m pa��aent or partisl pay�eut c�x x(ne �v_
<br /> Secured Debt aft�r:he balance is due or is�oarlerated or after fored�-�e procee�m�s�Te fl�d�b�l not coa��.�.te a • : �
<br /> waiver of LeacI�a rigbt to require comp4E.:IIaze of any e�usting defs:���3y IIat e''��g�Y�'�f b'on Grantor's �;•
<br /> f� � ,• defaule,Lender does nat waive Lender's nght to tater coa�is3er the eve����faudt if��rntinties r-e'1'st�aei ns aP,ain• �%';.
<br /> 16. EXPENSES;ADVANCES ON COi�NAN'Y'S;A�RNE7�S'��S;COLT.�f'�TON C+tJ�'"�.Exce�4��en ��''
<br />._ pmtubited by law,Gr�ntor agrees to pay ali of Lender'.s,aF,�,ens�s i�Grantor brez�'s�rt=�PY coveaa�t,in thfs��ity =�_
<br /> . InsUument�r.-�tor�rill also pay on demand any amo�'�z�acutred tzv L�.ender far�a�r.>-�cag,in.,�Cting,Press�ica�or '.�'i
<br /> . otherwiye prrr�.�a�,�the Property and Lender's security naterest.'I���cpenses�tCc°ar intr��t fram the date af
<br /> �i
<br /> ' the paytuen2 r,r;�r�l:gaid in full at ttee 'Q,��t:crteres:rz;:a eEfecc a���rovided ia r:...tercns cx:u�e Secured Deb� �
<br /> �itar agFe�s t�PaY all casts and expe��.:rre�U�-���'er��71;-Aing,enfars�,s,g,ur proiecf�►g Lender's righfs _
<br /> • and remEdies under th�s Secr.risy Instrr�cE:t�`-:"�is a�+r�i:�ay in�Iude.but is c�i 4�ated to,attomeya fees,court
<br /> . .. coscs.and other(egal exper•.°.��s.Yr.,�c��:r�,�strUment shall remain in effect unt�teleased.Cranmr agYees td pay
<br /> for any eecorc3�titt�xi qosts of s��.zeiK3:c... --..
<br /> 17. ENVI[t0�'f�Fl4L I.AWS.AND Yil��d�lOUS SUB.�i'ANCE9:As used ia this section,(i)�vironmental Law r},�
<br /> • mr.,ans,withai:i'�itatia�n,t�e Comprehe�o�s Environmental R.esponse.Campensation and l.iab�: Act(E'�RCLA,
<br /> ,. � q�L1,S,C.98�11 et seq:},and a11 oiher federel,state snd tocal lac�ts,regulations,ordiaanc�s,court ordets,attomey `
<br /> • • general opiaioas or interpretive letters conceming the public health,safety,welfare,enviromnent or a t�zzardaus
<br /> � substance;a�tS,(:}Hazardous 5ubstance means any toxic,radioactive or hazardous material,waste+Poliutant or
<br /> contaminacat v�i�;i�:.6as charaderistics which reader the substance dangerous or patentifilly dangemns to ihe public
<br /> health,safety,it��flre or emuoamens.The term inctudes.without liadtadon.any substaaces de5ned as"hazardous . - -
<br /> 'r .
<br /> � material,""to�ric substances;"hazardotis waste"or"hazardous su6stanoe"undet any Environmental Law
<br /> • . Grantar represents.warrants and agrees that . —'
<br /> � p. Fa[cept t+s previously disclosed aad ackaowledged in arciting to L.ender,ao Hazardous Substanoe is or will be --
<br /> � lacated,stored or released on or in the property.This restriction daes not appty to small cNantities of
<br /> ... Hauirdous Substances that arc�:dicraily reoo�ntted to be appropriate for the aarmal uss tred maintenance pf :i�.�'; ..
<br /> the Piroperty. � '
<br />� � '. $. Except as previousty��osed aad acknu�'fedged in�vri�ng to Lender,Geantor and every tedant have been.aie,
<br /> : and shall remain iu fu11 comp1iaace vv►tb aay applicable Envuonmental Law. �.,
<br /> . 'G Grantar shall imraediately notify Lender iP a release or threat��ed release of a Hazardaus Substance da�*'.�s on+
<br /> under ar ias�,aut the Pfroperry or there i.a viotatian of any Eavcm�mmental Law cancemi�rII tUc.t'roperty.In sucH �
<br /> ' an evene;:�f".3rantor shall take all necessary remedial actian in accardunce wiih any En+riroun��iuif l.aw.
<br /> . • : � D. Gran3or shall immediately notify Lende�in writing as suon as Grantor has reason to believe there es any
<br /> . . pending or threatened iavestigation,claim,or praceeding�relatirig�to the re2ease or threatened retease of any _
<br />' Hazardaus Substance or the violation af r.ay Environmental Law.
<br /> 18. CONDEhiNtlTitDN.Grantor wiU give.�:,ender prompt notice of any pendiag or threatened ac"11on�by private or
<br /> � public entitic�Uo purchase ar take any us a11 of the property thsnugh wndemnation.e�in�ilt domnin,or any olher —
<br /> means.Grantor authorizes Leader to inteTVene in Grantflr's name in any of the above descnbed adions or ciaims.
<br /> Grantor assigns to Lender t3re proceeds of anY�arazd or claim for damages connected with a condemnation ot other
<br /> � � taYing of al1 or sny part of tlr:Property.Sach proceeds shail be consideied payments and will be applicd as provided in
<br /> �. , ttiis Security Instrumen�This assignment af proceeds is subjcct ta thc terms of any priar mortgage,deed of Wst. . n:.
<br /> � security ageement or oiher lien documen�
<br /> 19 INSURANCE.Grantor shall iceep Property insmred against loss 'L-j Cue.flood.theft and other haaards and risks
<br /> reasonably associated with the Property due to its type and location.This auutt+nce shnil be m�intained in the amounts
<br /> � and for the periods that Lcnder requires.77ie insmrance carrier pmviding the ins�aranoe shall be chosen by Grantor
<br /> subject to Lender's approval.which shFill not be unreasonabiy�v�thheld. If Grantor fails to maintain the coverage _
<br /> � des�ribed aQwve.Lender may.at Lender's option,obtain coverage to protect Lender's rights in the Properiy aconrding
<br /> � to the te�of this Securiry instrumen�
<br /> � pll insurance policies and renewals shall be aoceptable to Lendes and shall indude a standard"mortgage clause"and, _
<br /> where appiicable.°loss payee clause."Grantor sttall immediately notify Leader of canceltation or temiination of t6e `
<br /> � ;nsuraace.Gender shall have the right to hold the policies and renewals.If Lender requires.Granior shall immediately
<br /> ' g,ive to Leader aU teceipts of paid premiums and tenewal natices.Upon loss.Grantor shall give immediate notics to _
<br /> the ensuran�e carrier and Leuder.Lender may make praaf of loss if not made immediately by Grantor.
<br /> , ._-- (ppgg 3 0l4) �
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