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<br /> the Secured Deb�1�goa�faith belief by Lender that �s.�t���``�'
<br /> executed for the purpose of creatin�,securing or guaraml+ing , �`,=`:;'°:•
<br /> �� Lender at any rime is insecLUe�vith respect to any petson or ennty obligated on the Secured I?ebt os that the prospect ,;,,;::_.
<br /> ts im aved shaU also constitute an event of defautt. �'�i"'<�`�
<br />� of any payment or the valas of the Property� P
<br /> 15, [t�MEDIFS Ol�DEFAUE.'f In some instances.fed:ral and state law will require Lender ro provide Grantor�viYh ;`_�,,z`
<br /> notioe of the right to cure ar other no:ioes and may establish tune sc�eduies far fareclosure actians.Subject to these F`..,:_:^;
<br />' limitaaons,if any,Lender may accelerate the Secured Debt and foreclose this Security Instrument in a manner (,`;t1,.,'
<br />_ provided by tav�if Grantor is in defauIt. ;':�'='`
<br /> At the optiun of L.e�tder.all or a�►Y Part of the agreed fees and charges.accrued interest and principal sha!!trecorne .. s,-
<br /> iatmediately due and payable.after giving noric¢,if required by 1aw.upon the occurrence of a defauit or anyeime �-;'�- :
<br /> � thereafter.In addition,Lender sht+ll be endded to all the rernedies provided by taw,the terms of the Secured Debi. ■`;< ',.
<br /> i�
<br /> �h i s S e c u r i t y I n s t r u ment and an y related dflcuments.�ncluding aithout limitation,tTne potiver to sell the Propert}+. ����:r
<br /> If there is a default.Trustee shall.in addition to any other permitte d reme dy.a t t he rcy u e s t o f t h e L.e n d e r.a d n e r t i s e _ ;�;;�
<br /> ��� � and sell the Property as a v�}tote or in separate paroels at pubtic auctioa to the highest bidder for cash tutd convey _��-�,��;;.
<br />,�,.,
<br /> absolute title free and ctear of all ri�t,ritte and rrrterest of Qiantar at such time and plaoe as'I'ru.-�tee desigaatcss. ` �z„r•
<br /> Trustee shall give rtotice of sale including the time,terms and plaoe of sale and a description of the property to 6e satd _�{:
<br /> as required by the applicable law in effed at t he ti�e o f t hc pmPase d s a t e. ��1'`�n�
<br /> Upon sale of the property and to che er�r.�ts n�i[nrob�ited by law,Trustee shall make and deli��es a deed to the Property r,;;3:��.`
<br /> <;.:�_;...::
<br /> � sold w6ic�oonveys absolute ride to the,�r'+*�.�r•�d�ar�r't paYu�g a11 fees,charges and oosts.shall pay to I.ender all ,�.�;;,,:,.-
<br /> \ ��'� Y ��F�i`���
<br /> ' maneys advanced f�. re,aits.ta. g.�� •-µ-s=se�nents and rior encumbrances and interest therean,and the 4hve=-
<br /> principal and interest on the Secured IT4�:.�J:=���• ��Pl�,��y.to Grantor.L.ender may purchase the Property -!
<br /> 'Ctie recitals in any deed of conveyance s�ai,-�e.l�a facie ev�dence of the facts set forth therein. '.`r�
<br /> All remedies are distinct.cumvlati�'e and n�t er,�3usive,and the Lender is eniitled to all re�s�ies provided at taw ar c
<br /> , eqnity.wtiether or nat expressly sei furth.'The as��tance by Leader of any sum in payaient crr partial payment on the ��'f� ;
<br /> Secured Debt after the balance�s due or is ac�Ie��d or atter forectoswe praceer3�ngs are fiZed shall tro���t i s ��
<br /> 1
<br /> aaiver of Y.ender's right to require w�pl.ete c�e r,�3ny existin8 default By n4t�xercising any remed� ���F
<br /> �,.,•�� default,i ender daes not waive L.eade�'�right to Ta:�-consider the event a defavlt if it continues or happ��again.
<br /> 16. EXP�NSTS;AD�A,NCES ON C6��A1'i'S�AZTORNEYS' FEE5;COLLECTI�I�COSTS.Except when
<br /> . proIu'bited by law.Grantor agrees to Fay a11 of I.ender's expenses if Grdntor breaches amJ covenant in���o ��,
<br /> Instrument.Grantor rn'll also pay on demand anJ�ount incurred by Lender fos insuring,inspecxing,P b ;�':
<br /> otherwise p�tectu►8 the PraperiY and i.ende�s�uity interest.These expe�s rrill bear interest from the date of ;���
<br /> the payme�t until ptiid in full at the higtiest int��st rate in effect as provi� in�e terms of the Secured Debt. y;�+
<br /> • Grantos a�m�s m pay all costs and expenses incumed by Lender in coltecting,enforcing at}rotecting Lender's rights ;
<br /> ' and remzdies under th�s Security Instr�ment.This amaunt may include.but is not tunit�Cn,attarueys'fees,caurt ,+ ;
<br /> ,rket
<br />' >�;i��;;:. co�s.and other legal e�enses.This Security Instn�nent shall remain in effect untH releas2d.Crantor agrees W pay �Y_.�.-Y V:
<br /> ```" for nny recordation cc�«f such retease. "°'
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<br />�:%;'',;" 17. EN�'�LONMENTAY.�.;�'�1S ANgD�F�ARFJi43��i��[J�'Y'ANCE�.As�i:s�yhis section,(1)Bnvima��ental Law __T.
<br /> . . means.without limitatia�;ihe Corqu�'�.ensive Environmzntal Response.Compex►satian and Liability Fi:��CERCI.A, —
<br /> 42 U.S.C.4601 et seq.},a�d aU othcr:ederal.state and lacal laws,regulations. ardinauc�s,court ordeis,atta.-ney
<br /> genertil opinions ar intxc�rative lettets conce:rning the public health,safety.welfare,environment or a hazardous _
<br /> substaace;aad(2)Ha.a�dous Substance means any tome,radioactive or hazasdous material.waste,pollutant or _� �
<br /> contaminant which has characte�istics which render the substance dangerous or potentiaIIy dangerous to the pubGe
<br /> health,safety.welfa.re or environmen�'Ihe term includes,without timitation.any svbstances de5ned as"harardous �„�.:.
<br />� materigl.""AOxic substane.es:"hazardnus waste"or"hazardons substance"under any Environmental Law. �:_,-;:
<br /> Crautor�presents,warrants and agrees that �;.::.
<br /> p. FJCOept as previously disclosed and acknpsil��ged in writing to Lendsr,.no Hazardous Substance is or will be —`
<br /> tocated,stored ar released on or in th�L�perty.This restrictlor�does not apply to small•q,uantities of —•_
<br /> I3'a�ardous Substances that are generally recognized to be appropria3.e�mr the nom�al use and r��intenance o� �_
<br /> - the Praperty. �
<br /> ' 8. Eacept as previousty disclosed;n�acknawledged in writmg to Len�„r,Grantor and every tenant have been,are.
<br /> and shall remain in full comPliance wit��Y ePP2icabte Envu�onmenta4l.aw. �-
<br /> `"� �� C. Grantor s h a ll immediatel Y notifY Lender if a release os threatened reiea:y:�of a Hazardous Substance occui's on, ____._
<br /> � under or about the Property or there is a violation of any Enviranment��L�Law concemiag t�e Property.In su c 1� �-
<br /> an event,Grantor shall take all necessary remedial action m accordance witl►any Environmental Law• �-:. .
<br /> D. Gs�+ntor shalf immsdiately aotify Lender in writing as�oon as(3rantor has reason to believe there is any —.-
<br /> in
<br /> . ps�ding or threatened investigation,claim,or prooee�i..^'�,.relating to the retease or threatened release of ab� -T
<br /> �rYazurdous Substance or the violation of any Environme�tal Iaw•
<br /> ;Y�i;:;:,;:•: Ila CON�ENi1�ATi01�i.Grantor will Ave Lender xompi notioe of any p�:��t:�g or threatened aaior,by private or ��44�.
<br /> ..'�+r�;��:� public emCitiea ta�ptuchase or take any a�u!i o�1�Property ihroudb co�s��smnation,eminent domaiui.or any other q�,•
<br /> ''�'?�';l<.`�� ., meanv.�tnr�ne�thorizes I.ender c�Arprv���i*�Gr�u►tnr's.��rms•in any�of the abave�esen'bed as�ions or claims. �,� •_
<br /> ''�';i��; Gmntor nssigns to Lend�p the proceec3s'of acsy 4�rprd or cla:m gor dama6�-s connected ai:h a constemnation or o1Aez ��
<br /> ; taking of al!or any part mf th�Property.Such prrra.�ds shall be considetc;�p��teents and�r:Si be applied as provided i�c �g
<br /> . '. this Security Instrumen�.Tftis assignment of prot�eds is subject to the team3 of any prior mortgage.dced of trust, ���`^
<br /> security agcement or other lien document. �;�N�
<br /> '�` ' 39 INSUFt�PI��•Grantor shall keep Property insured against loss by fire. fluad,theft and other ha2ards and risks __
<br /> .�' . rcasonabty associated with the Property due to tts type and locatian.This�nsurance shalt be maintained in the amout,n ��.
<br /> and for tAe periods that Lender requires.'Ihe insuraace carrler providing the insurance shall be chosen by Gias',�c
<br /> � sub}ect to Lertder's ap�ioval,which shall not be unroasonably withheld. If Gaantor fails to maintain the coverage �
<br /> described abave.Lest�.�m3y.at Lender's optian.obt�in caverage to protect Lender s rights in the Property according �� �_
<br /> �' to the terms of this Security lnstrumenl. ��
<br />' p�l insurancc policies and renewals'shall foe acccptable to Y..ender and shal)include a standard"mortgage clause"and.
<br /> • where applicable."io�payee claua�"Gmnt�r shaU immediately nolify Lender of cancellation or terminatiun of the �.,a,
<br /> insurance.l.ender shall have the right to 6old the poticies and renewals.If Lender requires.Grantor shall immediately �:..
<br /> � � give to Lendet atl receipts of paid premiums and rene�val notices.Upon loss,Grnntor shatl give immealiate notice to �-_
<br /> � the insurance carrier urtd Lender.Lender may make proof of loss if not made immediately by Grantor. �-_•-•
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