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<br /> cxecutcd far thc purpos::of crcating.securinF or�uuramyinp thc Sccurcd lhhbt. A��xxt fuith l�lirf by l.cnclrr lhat
<br /> L.ender ut any time is iruecure with res�xct to any pe�xan ar er.tity��ligatcd c�n thc ticcur��l I��ht w•that ttu pr��pc:t
<br /> of any payment or the�•alue of the Prc�perty is impaired shall also consliwte an ev�nt i�f d:fault.
<br /> 15. REh1E�iES ON DEEAIJLT.In some i�utances, federal and state law will r�quirc I.endrr t�►�ir�widr tirantur with
<br /> notice of the right to cure or other notices and m�,y rstahli�h timr.ch.•dulre G�r t'ar��cl�aur4+�rti��+i� tiuhji�rt t��th�k
<br /> limitations,if any, l.ers�er�nay accelerate tho S�:curcd D.:bt �ix! turccle�s� this S�curity L��t��unwitit �a a n�naur
<br /> provickd by law if Grantor is in dcfault.
<br /> At the o��tii�n of Lendcr,alt or any part of thc a�rccd f�cs and char�cs,accrucd intcrr`t and pri�x•i��:�l.hal!Fx•nmic
<br /> immediatel�� due and payable,after giving natice �f reyuired by laa•, uFx�r. thc �xcurrcnc� i+(a Jefault ��r any�im�
<br /> theti•eafter.In additi�n,l.ender shall tk entittcd to�Il thc rcmcdics providcd t�y lau�,the tams uf�hr ticcurrJ l?ehl,
<br /> this Security Instrument and any related dacumcnts,including withaut limitation,tiu�x�w•rr tu r�U thr t'rupkrty.
<br /> Tf there is a default,Tructee shall,in addi�ion to Any othcr permittcd remcdy,at thc rc�yucst��f thc l.�n�kr,u�vrr�i.�e
<br /> and sc:ll the Prope�ty as a whole or in sepurate parcels at�ublic auctian to the hi�hest hid�kr G�r cach anJ ru�n•cy
<br /> ahsolutc title free and clenr af t�il right,title and interest of Grantot at such timc and placc as 1'rustcc ik�iRnutes.
<br /> Trustee shall give notic�of sule including the time,terms and pt�ce of sale unci a�iescriptian uf lhe pru��ty tu tx:wIJ
<br /> as required by thc app9icabk:law in�ffect at the time of thc pro�wsed salc.
<br /> LJpon salr of thc property and to thc extent not prohibited by law,Trustee shaU makc nnd dcli�•cr a dee�to thc Prc��x:ny
<br /> sotd which com�cys absolute titk to the purchaser,and after first paying all fees,charges and castc,shall pay to l.�:ti�icr ull
<br /> mone}•s ad��arced for repair.:,ta+ces,insurance,liens,assessments and priar encumbrAnces and interest thcreon,and the
<br /> principal and interest on the Secured Debt,paying the surplus,if any,to Grar►tor. l.tndcr may purchase the Praperty.
<br /> The recitalc in any deed of conveyance shall be prima faeie evidenee of the facts�et fotth therein.
<br /> All remedies are distinct,cumulative and not exclusive,and the Lendcr is:ntitled to all remedies pruvicied at�aw or
<br /> eGui:p.1.3:�ther or no:sspressly sei forth.The accQptance by Lendcr of any���m in payment or par:ial payment on ttu
<br /> Secured Debt after the balance is due or is accelerated or after foreclosure praceedings are�led shall not constitute a
<br /> w•aiver of Lender's right to require comptete cure of any existing default.By not exercising any remedy an Grpntor's
<br /> default,Lender dces not waive Lender's right to later considcr the event a default if it continues or happens again.
<br /> 16. EkPENSES;ADVA1\CES ON COVENANTS;ATTORNEYS'FEES;COLLE(T[UN COSTS.Except whcn
<br /> prohibited by law,Grantor agrees to pay al)uf Lender's expenses if Grantor breaches any covenant in this Security
<br /> Instrument.Grantor will also pay on demand any amount incurred by L.ender for insuri�g,inspecting,preserving or
<br /> otherwise protecting the Property and Lender's security interest.These expenses will bear interesi from the daie of
<br /> the payment until paid in full at the highest interest rate in etfcct as provided in the terms of the Securcd Debt.
<br /> Grantor agrees to pay all costs and expenses incuned by Lender in colleciing,enforcing or proiecting i.ender's rights
<br /> and remedies under thi�Security Instrument.This amount may include, but is nollirnited to, attomeys'fees,coutt
<br /> cosu,and other legal expenses.This Security Instrument shap remain in effect unlil released.Grantor agrees to pay
<br /> for any remrdation costs of such release.
<br />� 17. ENVIRO1V�lENTAL LAWS AND NAZARDOUS SUBS'I'ANCES.As used in this section,(1)Environmental Law
<br /> means,wathaut Wnitatioa.the Comprehensive Environmental Response,Compcnsation and Y.iability Act(CERCLA,
<br /> 42 U.S.C.9601 et seq.),and all other federal,state and local laws,regulations, ordinances, court orders.attorney
<br /> A�wP:o��witHAf�C�iw��1P�V����}��nAr�P�t�O�}1P f�lt}����P��1�RA�fP�V WPIfAi1!�P11,/iM1�t�Pt�f Af! A7�Tl�AIN.
<br />. ubstance and(2)Hazardow Substance means any tuxic, radivactive ur ii;�arifous materiaf, waste,potlutant oe
<br />� coataminant which has characteristics which render the substance dangerous or potentially dangeratu ta the publlc
<br /> heatth,safety.welfare or environment.The term includes,without Gmitation,any substances defined as"haxardous
<br /> � material,""toxic substances;'"hazardous waste"or"hazardous substaiue"under any Environmental Law.
<br /> Grantor represenu,warrants and agrees that:
<br /> A. Except ac previously disclosed and acknowledged in writing to Lender,no Hazudous Suhstance is or will be
<br /> located,stored or released on or in the Property.This restriction dces not apply to small quantities of
<br /> Hazardous Substances that are ganerally recognized to be appropriate for the normal use and maiateaaace of
<br /> the Piopzrty.
<br /> ts. r.xcept as prehausty disctosed and acknowied, `�wriring to Lender,Grantor aiui every unant have bcen.arc,
<br /> and shaU remain in full compliance with any apptusble Environmentai Law.
<br /> C. Gn►itor shall immediately notify Lender if a telease or threatened release of a Hazardous Substance occurs on,
<br /> " under or about the Property or there is a violation of any Environmental Law conceming the Property.ln such
<br /> an event,Grantor shall take all necessary remedial action in accardance with any Enviroiunental Law.
<br /> ' D. Grantor shail immediately notify Lender in writing as soon as Grantor has reason to bclieve thcre is any
<br /> pending or threatened investigation,claim.or proceeding relating to the release or threatened release of eay
<br /> . Hazardoiu Substance or the violadon of any Environmental Law.
<br /> 18. CONDEMNATION. Grantor will give Lender prompt notice of any pending or threatened action,by private or
<br /> public endiies to purcinase or take any or all of the Property through condemnation. eminent domain,or any other
<br /> ' means.Grantor authc►=izes Lender to intervene in Grantor's name in any of the above described actions or claim�.
<br /> Grxntor assigns to Lencler the proceeds of any award or claim for damages connected with a condemnation or other
<br /> . taking of all or any part of the Property.Such proceeds shall be considered payments and will be applied as provided in
<br /> this Security Instrument.This assignment of proceeds is subject to the terms of any prior mortgage.deed of trust,
<br /> securiry ageement or other lien document.
<br /> . �. INSUR�l1tiCE.Graa*_or shall keep Property insured against loss by f�re,flood,theft aad other hazards an�ris!�s
<br /> reasonabiy associated with the Propesty due to its type and location.This insurance shall be maintained in the amounu
<br /> and for the peciods that Lender reytures. The insurance carrier providing the insutance shall be chosen by Grantor
<br /> subject to Lender's approval,which shall not be unreasonaWy withheld. If Grantor fails to maintain the coverage
<br /> described above,Lende�may,at I.ender's option,obtain coverage to protect L.cnder's rights in the Praperty according
<br /> to the ternu of this Security Instrument.
<br /> All ins�rance policies and renewals shall be acceptable to Lender and shall include a standard•`mortgage clausc:"and,
<br /> where applicable,"loss payee clause."Grantor shali iramediately notify Lender of caricellation or termination of the
<br /> insurance.Lende;shall have the right to hold the policies and renewals.(f Lender requires,Grantor shall immediatcly
<br /> give to Lender all receipts of paid premiums and renewal notices.Upon loss.Grantor shall give immediate notice to
<br /> the insurance carrier and L.ender.L.en�er may make proof of loss if not made inunediately by Grantor.
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