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<br /> the Psoper�y in violation af any l�w, ardinance, or regula�ion= -_
<br /> " and shall pay and promp�Zy discharge at Boxrowor's aost anrl �
<br /> expense all lien�, enc�rances and cha�qes levied, imposed or _
<br />- assessed agains� the Property or any part thereof. -
<br /> 6. E�aineut Bomain. Lender 3s hereby asei.gn�d ala -
<br /> � compensation, ac�ards, dar�ages �nd ether paymea�s or relief e.
<br />�� (her�inafter "Proceed�°) iu connection vaith cont�emna�i�n or other �
<br /> • �aking o¢ �hhe Progerty or part thereof, or for co�v�yance in 13eu E
<br /> o£ condema�t�ion. Lensler shall be en�i�led, a� iSce og�tioA, to �
<br /> co�nea�ce, e�pear fa aied �rosecute in its ewn name any action or
<br />�'�� � proceeclingcs, a�d sha.tl �2.so be ent�tled ta make any eoatpromise or -
<br />� �et�lement 3n c�ze��3oa, with such taTcinq or damage. In t&e
<br /> , even� any.gartira�..�..�� Praper�p is so tad��n or clau�aqed, Lendes
<br /> . � shall Itav�� �he �cs�:�'�; �^.. 3�s sole and absm�ir��e discretion, to
<br /> �pply aL� suah Praceedso �t�ter deductine,y �hsrefrom all costs and -
<br /> : expenses incurred by it �S� connection with such Proceeda, upon
<br /> a.ay indebtedness secured hereby �r..d in such ord�r as Lender may
<br /> -� ��c�maine, or to �pply all such �oceeds, afte� �ch deduction$,
<br /> �c��the restarati��. of the Property upon such cond.�tions as Leuder
<br /> may determine. Aay ap�lication of Proceeds to indebte@ness shall
<br /> not extesaa�. or gQStgone the due date of any payinents under the
<br /> Note, or crsre �rag� ciefault thereunder or heseunder.
<br /> � 7. Ff�ormance by Lender. In the ev�t of Borrower's •
<br /> . � failure �v perfozs�x na y �� the conenants herein or make �y pay- . -
<br /> ments rea�ired &erebg, cas if any act is taken or legal �x�eeding __
<br /> .� ;�� �oaunenced wbich materi«�.Ls� affects Lender•s iaterest � ..the =
<br /> ;.:� j Progerty, Lend�r ��x ia ��.s oc,t�a discretion, but. eFithou� ��blig�s-
<br /> ,. ., tion to do so, a� raith�r�� not3cc� to or demand u�� B�rxc���, aa���. _.
<br /> ..�• �: withotat �A ea�ing Horr�azt from anp obligation, c�o any �.� whic� ,
<br /> ,; ;:� the Boaxc�r�ar Ynas agreeci �ut fails to do and may a�so dv �.�sp other �� :
<br /> � •�'; act it d���s necessary to protectc the security �i3reof. 3�orrpwer
<br /> s�ta�.l, itamediately upon demand theregor by Lenc'��r, pay to Lenc3��;�
<br /> , ����. cos�.ax�c� escp�nses incwrred an@ sutas expe�nded by bender in .
<br /> �"`�'?' . �cannecti� �tith the exercise by Lender of the foregoing r�ghts,
<br />� •���, tcgether �with �nterest thereon at the d�fault rate provided in '�
<br /> .. the No'te, which sball be added to the�ad—ebtedness aecured . �
<br /> • hexeby. bender.shall not incur any liabf.lfty becanse af anyth'Eng
<br /> ifc may 80 or omi� fio do hsreunder.
<br /> . 8. Hazardous t2a�erials. Horrcwer shall keep �he �
<br /> Property i.n campl anae with any and all federal, state and local
<br /> .:�_,_.: Z,$wn, ordinam�ces _�and regnlations re�atisvg to 3.n�ustrial hygiene
<br />• � i.-� tio enviranm�i..a�l conditiana ozx., under or aboa� the Property,
<br /> ' itacludiug, but m��tr: ls:mfted tp. a�il and groundwater conditions.
<br /> � � Trnstor �l�all not uss,��.c���er�ate, manufacture, store or dispose o£ . -
<br /> � ' on, undi�z� or abont the Z�roperty or transport �o or from the
<br /> Property any flammable explasives, radiaactive materials, hazardous
<br /> ;` �.�'� waetes� tax9.c s�stancea or related materials, inCluBinq, wi�hout
<br /> ' ''� limitatfon, any �ubetanaes deffrned as or included in t,he de£ini-
<br /> tion af ��azardaus subs�aaces", "haz�z8aus wastes", "haza�do-ns
<br /> . ,, � ivaterial�°� or "toxic substances" unde� any applicable laws, '.
<br /> .".�� , � ordinances or regulations �colleotively� reEer�ed to herefnaftes
<br /> as "gazardous Ma�erfals") . Hors�or hereby warrants anci repre-
<br /> � ' #� aentc� to Lende�r �itat there are � Hazar�3ous Mat�ials on or ander � '
<br /> � :�� the Pr�?x�s�t y. Eqrrawe� hereb y a grees to indemnf f y and 8aI8 =
<br /> •..°;; � h��:+lear��&<ender, fts di�a��ers, officezs, employees anc� ag�nts,
<br /> �� at4d any �uccesso�g to Lender's iaterest, from aad agafnst any and
<br /> ' �al cla�.ms, damucp�s and liab3li��es ariaing in co:�nection with
<br /> .:, �he pgesence, use, storage, dis�.�sal os transp��;� oF any aazar�a�sts
<br /> • Materials on, under, fra�m or abont the F�o�exty� f.nclndfng, ceit�i�
<br /> . out lim3.tation, (a) alI �amages direcfcl:� or indirectly arising
<br /> � out of thQ use, qeneration, atorage or disposa]. o£ Hazardous
<br /> Materials by &orrower or any prior owne� oY ogeratior of the
<br /> . Property, and (b) al2 costs of any requirecl or necessary repair,
<br />�� � cleanup or detoxification and the preparation of any. closure or
<br /> other requ£�ed plans, whether such action is reqnired or neces-
<br /> � sary priar to or following transfer of title to the Property, to
<br /> . �he full extent tltat such action is attributable, directly or
<br /> � . indirectly, t� the preaence or use, generation, s�oraqe, release,
<br /> threatened release or disposal of Hazardous Materials by any
<br /> person on the Property prior to transfer of title therQto by
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