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<br /> etirc�itvc�f+w th.:nuruase of eres�tinR,w:curin�or gt�arantying the SecureJ L�:bt. A good faith helicf bp I.enJer Uwt -
<br /> l.c:�uler ut�ny�ime is insecwe with resF►ect tu any person or entity cu+ligated�m ti�c Sc�u«�:%ct��a.t.at:::�presY:!
<br /> of any�yn�cnt oc the valtu of the Prc►��eny u in�aircd a1w11 alu�cunstiwtc an cs�nt of default.
<br /> 15. RI:M1I�I)IFS ON l)EFAl1LT.In wNix:instinc:'::.f�deral and statc law�wiii rcquirc l.cnder to pr��vid�rrantur with _
<br /> ne►tic;.. .�f ttu.iight to curc ar uther n��tic�+�x1�i�ay estzblirh tima: schcclules for forecl�ure actions.5ubject to th�;se _
<br /> limitatiuns,if any, L�nder m�y aecele�ate �hc S�cured nebt and foreclax: this Secuf+ty Instrument in a awnuer
<br /> pr�vided by!aw if Grantor is in ciefault• _
<br /> At thc option af I.encicr,all c�r any part of thc agrced fees�nc1 charges,accrucd interest and principal shall becumc
<br /> immcdi�tely duc aad paya�le,after giving nnticc d required hy law, upon the cu�currena: oi u dcfaul� ur anytime _
<br /> thctcaftcr.ln Additian,l.endcr shall t�e cntitled ta ull thc remedics pravided by iaw,the terms of thc Secured Debt,
<br /> this Security Instrument and any related docuntenu,including withaut limitation,the power to seA the Property. -
<br /> If there is A default,Tnutee shall.in addition ta any c�thtr per:nitted remedy,at the req�ast of the Lender,s,dvettise
<br /> and sell the Praperty as a who� or in separate parcefs at public auctian to th� highest birld�r for c.�ch and canv�y
<br /> absolute titic fr�e and ctear of aU right,titlt and�nterest of Grantor at such time and place as Trustee designates.
<br /> 1�ustee shall give notice of sale including the tima terms a�id p!�of sale and a description of the prop:rty to be sotd
<br /> as required by the applicable law in effect at�he time of the proEw6ed sak•
<br /> l3pon salc oC the property and to ttu:extent not prohibited by law�.Trustec shail makc and deliver a decd to ths;Fropc�ty
<br /> sold which oonveys absolute title to the purchascr,and after first paying all fees,charges and costs,shall pay to Lender all
<br /> moneys advaneed fur repairs,tsuces,ituuranee,liens,assessmenis alta priur eucwii`viaiK.es an3 int:.rrst ther���.°-"-�'•!"-'
<br /> principal and interest on the Secured Debt,paying tt�e curplus,if any,to Grantor.Lendt:r may purchase the Property.
<br /> 'I1ie recitals in any dee:d of conveyance shap be pr►ma�a�ie evicknce of the facu set forth therein.
<br /> Ali reruedies are distiact,cumulative und not exclusive,and thc Lender is erititled to al!nmedies provided at law or
<br /> cyuily,w�et���r aoi:.�:�sr:,ssly se:f�rth.The�ccept��xe by 1 ender af any sum in paym�a�i or pariial payment w�the
<br /> Secured Debt after the balance is due or is acccicrated or after foreclosute proce�dings an:filed shall no¢constilute a
<br /> waiver uf Lender's right to require complete cure of any existing default.By not exercising any remedt on Grantw's
<br /> default.Lender dces not waive Lender's right to later cons�der the event a default if it continues or happens again.
<br />' 16. EXPENSES;ADVANCES ON COVENANTS;ATTORNEY3'FEES; COLLECTION COSTS.Except when
<br /> • prohibit�d bp law.Grantor agrees ta pay all of Lender's expenses if Grantor breaches any covenant in this Sccurit�
<br /> Itutrument.Grantar will also pay on demand any amow�t incvrred by Lender far insuriag.insQeccing,preserving or
<br /> otherwise protccting the Property and Lxnder's security inte�t.'IUese expense�wiU bear interest from the date of
<br /> the payment until paid in full at the highest interest rate in effect as Qrovided in the terms af the Secured Debt.
<br /> Grantor agrees to pay all costs and expenses incurred by Lender in collecting,enforcing or proterting Lender's righu
<br /> and remedies under this Security Instrumen�Thu amount cnay includc,but is not limited to.attomeys' fecs,court
<br /> costs,and other legal expenses."I�is Secwzty lcutnunent shalt remaia ia effect until re3eused.Grantor agees to pay
<br /> for ar.y reoordarion costs af such release.
<br /> 17. ENVIBONMEt�AI.1.AWS AND HAZARDOUS SUBSTANCES.As�ced in this set�tion.(I)Environmental Law
<br /> meaac,without limitation,the Comprehensive E��iranmental Response,C.campencatiou and Liability Aci(CERG7.E1,
<br /> ���r.v.Z.'.�i �.t wt�.js.°••ZLi °ll Q�i�r farin�l,ctA�P anci kral laws,regul�tiw�s.ord3naaces,court orders,atto�ney
<br /> general opin�ons or interpretive letters coucer:�iag t�e pu�l�c hc�lih.safety,�elfare,environment or a ha�ardouc� --
<br /> substance;and (2)Hazardous Substance means any tox.c.r�ioactive or t�zardous material,waste, pollutant or
<br /> contamioant which�as characteristirs which render the sul�tance dangerous or�otentially das�gerous to the publie
<br /> health,safety,weifare or environment.'Il�e term includes,without limitation,any substances defined as "h�z�rdous
<br /> materlal,""twric substances,«"haiardous wasie"a"hazudous tubstaac�e"�adcr any Envirootneatal Law.
<br /> Granwr represeats.warcants aad agrees that:
<br /> A F�cept as previously discbsed and acknowledged in writing to Lender,no Harardous Subsiance is or will be
<br /> locuted.stored or released on or ia the Property.This restriction dces uot a�ply to small quantities of
<br /> Hazardous Substaaces that are generallg�eoognized to be appropri�te for the aarmal use and+!��int����•of
<br /> the Property.
<br /> B, IExcept as previo�uly dixlosed and acknowiedBed in wri�ing to Lender,Graator and every tenant have beeu,are,
<br />- :nd sh�.Z:rctr.:ia sn.�� ��pLance wi1.h any an�licable Enviratmental la►w.
<br /> C. Gramor s}s�i jmmediately notify Lender if a release or threatened release of a Hazardous Substance oocu�s on.
<br /> under or about thc Property or there is a violation of any Enviroamental Law conceming the Property.In wcb
<br /> an event,Gracstor shall take all nece.ssary remedial action u�aocordance with as►Y Environmental Law.
<br /> D. Grantor shaU immediately notify I.e�der in writiag as soon as Grantor has reason to believe there is any
<br /> pending or threatened investigation,claim,or proa�a9ing relating to the release oc threatened release of aay
<br /> Hazardous Substance or the violation of any Enwans�eotal Law.
<br /> 18. CONDEMNA'1'ION.Grantor will give L.ertdea prompt notice of any pending or threatened action,by private or
<br /> public endties to ptuchase or take any or alt�E the Property through a�:x�emnation,eminent ifomain,or any other
<br /> means.Grantor authorizes Lender to�Qierve:ie in Grantwr's name in�ng%of the above described actions or c]aims.
<br /> Graatos as,signs to Leader the prnczeda of any award or e�for damages oo�ected A'itlr a ooRdemrtation ar other
<br /> talcing af all or aay part of the Property.Such praceeds sha�.0(x ooasidered payments wd will be applied as provided in
<br /> this Security Instwnent.71vs assignment of proceeds is subiect to the ternu of any prior mortgage,deed of trust,
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<br /> 19 INSURANCE.Grantor shall keep Property insured against loss by 6re,flood,theft and otl�er hazards and risks
<br /> reasonably associated with the Property due to iu type and loca6on.This�nsurance sha11 be maintained in the atnounts
<br /> and for t6e periods that Lender requires.The insurance carrier providing the insurance shall be chosen by Grantor
<br /> subject to Lender's approval,which shall not be unreasonably withheld. If Grantor fails to m�intain the coverage
<br /> described above,Lender may,at Lender's option,obeain ooverage to protect Lender's rights in the Property aocording
<br /> to the temis of this Secwity Inctrument.
<br /> All insurance policies and renewalc shall be aceeptable to Lender and shall include a siandatd"mortgage clause"and.
<br /> whare applicable."loss payee clause."Grantar shall immediately notify Lender of cancellation or termination of the
<br />- insurancc.L.endcr shaU have ihe right to hold the policies and renewals.If Lender requires,Grantor shal�imaicdiatety
<br /> give to l.ender all receipu of paid premiums and renewal notices.Upon loss,Grantor shall give immediate notice to
<br /> the insurance carrier and Lender.Lender may make proof of Ioss ii not madc immediate�y by Granior.
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