|
��
<br /> � � � _-- .— j-
<br /> "`�` . ,�_ti�-_°-�,
<br /> .. . _ r�.,� - -- _ -- - ---- ------- -_�,.r_ .. - .
<br /> ��� ��� -
<br /> cxccu�cu iu� ���`ic is iiuw•.ur�w,ith i��ct tu an�Y�TM►►�ur rntit}•uhl Rat J ont h S�curcd Uct►t ur t at iiu p�„iw��� --
<br /> l.cndrr at any tu� f'� I'� � -
<br /> ��t nnv p��mcnt��r Ihr�•alu�uf�Fu 1'�u�xriy i,imrulrcJ xha'1 u�ati c�H�ctiwtr::u cv�nt uf tk:[ault. �,,
<br /> 15. RE111E111hS ON U�:FAOJL'�'.In c�unc ins`uiu�s.!'c��al u�u!+tatc law w•ill rcyuire Lcn�icr to pmvicic fi�unt�x with !-
<br /> notic� of thc right t�►curc ur utt►�r n�uicc�:u►�I�i�:�Y ��G►blish timi�h�duics fnr t�u��Gk:urc actiotn,Sul+j��:i t.►ihik _.
<br /> limitations,if any, Lcndcr may accrlcrut� tho Sccwcd U�bt�►iid fureclt�sC this S�curity Inslrum�nC in u manncr �
<br /> pra�id�d by l:►w:f G.-anFar is in iktaWt. "_
<br /> At thc optiun of l.ender,all or uny pan ui ihe ugreid fccs and charges, accrucv int�r�st and principal shall hcccxne =.
<br /> in�mediatcly dur and payabie, aftrr giving noticc d reyuired hy law,uExm the �xcurrcncc uf a d.:tauit ur an}�timc __
<br /> therea(ter.In additic�n,l.cndcr shall he entiticd to aU the rcmedics pra�•i�1cd bt� lau�.thc terms of the Secumd U�bt. --
<br /> this Secwity laetrument and:uiy relatcd documcnts,including withaut limitutian,thc �+owcr tu sell the Pmperry. _
<br /> If thcrc is a default,Tractee shull,in addition to any athcr pem�itted remcdy,at thc rcquest af the Lendei�,ad�•crtisc
<br /> and sell ihe Property as a whole or in separate parcels at public auction to the hishest biddcr for c�sh and camey
<br /> absolutc title£ree and clear of all right,title and�nterest of Grantor ut such time and place as Trustee de�ignates.
<br /> Trwt�e shall gi�'e notice of sale including the time,ternu and place of sale and a descriplion ot the properly to be sold
<br /> as required hy the applicabie law in effect at the time of the praposed sale.
<br /> Upan satc of the property and to the extent nat prohihited b;law.'fruslce shall makc and deli��cr a decd to ihe Propeny
<br /> sold which con��eys absolute tit{c to the purchaser,and after 6rst payin�all fces,charge�and costs,shaU pay to L.e�der all
<br /> moneys advanced far repairs,taxes,insurance,licns,assessm�nu and pr�or encumbrances and iaterest thereon,and the
<br /> principal and interest on the Secured Debt,paying the surplus,if any.ta Grantor.l.ender may purchasc: thc Property.
<br /> '[he recitals in any deed of oonveyance shap be Prima facie evidcnce of the facts set forth therein.
<br /> AU remedies are dietinct,cumulative and not exclusive,and the Lender is entitled to all remedies provid:d at law or
<br /> equity,whether or not expressiy�i iv+�t►.:�►e:..r.:.�::.�:��,!°^��r'-,�:'^``�►m in parment or partial paymem on the _
<br /> Secured Debt after the balancc�s due or is accelerated or after foreclosure proceedings are fil�il shall nol constitute a
<br /> waiver of Lender s right to require complete cure of any existi�g defauit.By not exerc�ng arzy remedy on Grantor's
<br /> default,Lender does nut waive Lendrr's nght to later consi3er the event a default if it conciavtis or happens again.
<br /> 1G. EXPENSES;ADVANCES ON COVENANTS; ATTORNEYS' FEES;COLLECTION COS'fS. Except when
<br /> prohibited by law.Grantor agrees to pay aU of Lender's expenses if Grantor breaches any covenunt in this Securiry
<br /> Instrument.Grantor will also pay oa demand a�y amount incuncd by L.ender for insuring,inspecting,preserving or
<br /> otherwise protecting the Property and Lender's security interest.77tiese expenses wi0 bear�nteresi fsom the date of
<br /> the payment until paid in full at the highesi interest rate in etfect as provided in the terms of the Secured Debt.
<br /> Grantor agrees to pay all costs and expenses incurred by I.ender in collecting.enforcing or protecting Lender's rights
<br /> and remedies under this S�zcurity Instwnent.This amount may inciude,buE a�not limited to,attorneys fees,wurt
<br /> costs,and other legal cxpenses.'i7�is Security Instrumcnt sl�all remain in effeet until released.Grautor agrees to pay
<br /> far any recordation costs of such rete�e.
<br /> 17. ENVIRONMENTAL LAWS AND HAZARDOUS SUBS'I'MCES.As used in this section,Fl)Environmental Law
<br /> meanc,without limitatioa,the Cowprehcnsive En�hra-�mental Response,Compensation and Liability Act(CERCLA.
<br /> 42 U.S.C:.`JM)1 et seq.j, anu sii vii�ci€c�e,d..s2.:.c�.^.3 1M..°1 �»`•':s,r�gelari�,m;�rdinances.court ordCis, attorney _
<br /> general opinions or interpretive lettets concerning the pubtic heaiti►,safei�. welfarc, �nvironment or a hazardous
<br /> substance;and (2) Hazardous Substance means an�toacic,radioactive or hazardous material,waste,pollutant or
<br /> containinant which has characeeristics which render the substanoe dangerous or potentially dangerous to the public
<br /> health,safety,welfara or environment.The term includes,without timitation. any substances defined as"hazardous
<br /> material,""toxic substanc�s,""hazardous waste"or"hazardous substance"under any Environmental Law.
<br /> Grantor represents,warranu and agrees that
<br /> A. Except as previously disclosed and acknowledged in writing to l.ender, no Hazafdous Substance is or will be
<br /> located.stored or released on or in the Property.This restriction dces not apQly to small quantities of
<br /> H�zardous Substaaces that are generalty recagnized to be appropriate for the oormal use and maiateaance of
<br /> the Property.
<br /> B, Except as previously disclosed and acknowledged in writing to Lender,Grzntor and every tenaat have been.are,
<br /> and s�sall remain in iuli compriance witn any app�i�+u►:e;ar�;aa�catal Lai:t
<br /> C. Grantor shall immediately notify Lender if a release or threatened release of a Ha:,ardous Substance oocurs or..
<br /> under or about the Property or there is a violation of ace4 Environmental Law conceming the Property.In such
<br /> an event,Grantor shall take all necessary reniedial actiorc ia accordance with any Environmental Law.
<br /> D. Grantor shall immediately notify Lcnder in writing as soon as Graato�has reason to belie�e there is a�ry
<br /> pending or threatened investigation,claim,or proceeding relating to tbe release ot threatened celease of any
<br /> Hazardous Substance or the violation of any Envuontnental iaw.
<br /> 18. CONDEMNA7TON.Grantor will give Lender prompt notice of any pending or thre�tened action,by private or
<br /> pubtic entities to purchase or take any or all of the Property through condemnauon,eminent�domain.or any other
<br /> means.Graator suthorizes Lender to intervene in Gra�tor s name in any of t6e above described actions or claims. ,
<br /> Grantor assigns to Lender the proceeds of any award ar claim for damages rnnnected with a condemnation or other
<br /> � talcing of all or any part of the Property.Such proceeds shall be wnsidered payinents and will be applied as provided in
<br /> � this Security inctrument.This assignment of proceeds is subject to the terms of any prior mortgage,deed of tnsst,
<br /> � srn:ur�.y agr�z�u.�:t or other 1i�n d��nent.
<br /> � 19 INSURANCE.G�antor shall keep Property insured against loss by fire,flood, theft and other hazards and risks
<br /> � reasonably associatetl v.ith the Property due to its type and location.This�nsurance shall be maintained in the amounu
<br /> and for the periods that L.cnder requires.The insurance carrier proriding the insurance shall be chosen by Grantor
<br /> � subject to Lender's approval,which shall not be unreasonably withheld.If Grantor fails to maintain the coverage
<br /> described above,Lender may,at Lender's option,obtain wverage to protect Lender s rights in the Property according
<br /> to the temu of this Security Instrurcent.
<br /> All insurance policies and renewals shall be ar,ceptable to Lender and shall include a standard"mortgage clause"and.
<br />- where applicable."ioss payee clause"Grantor sEzall immediately notify l.ender ot cancellation or termination of the
<br /> ' insurance.Lender shall ha��e the right to hald the policies and renewals.If Lender requires.Grantor shall immediately
<br /> give to Lentler all receipts 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{oss if not made immediately by Grantor.
<br /> . e. . •
<br /> � . 's +L!"- (payg 3 d�1
<br /> , ' . .
<br /> 1 o,9w er�.r.sy�w+r.k+c.s�.ca�a.rw n��-���Fam�-nt.r�ss�sr
<br />
|