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<br /> executc�i for U�e puq�ose of cseatina,securing or ac svn or ntitc ol liuuteci on ti�Scc�r d Deb��r h�i ehe peospect
<br /> Lcndcr nt rny timc is insccurc with respect to nny p y S
<br /> uf tiaiy��ayn�nt ar the value uf ttee Property ic impidred shall cdso c:mstitutc nn cvent of dnfnult. _
<br /> IS. H�MIEUIES ON ��EAIJLT.In somo instanccs,fcdor�l and stnte law vrili �cqufrc I.endcr ta pruvlde Cirantor with
<br /> noticc af the right ro cure or ather notic�s anJ muy esiablish time schcdulcs for tor.clasure �ctions.Suhject to thes� ___
<br /> liniit;itions, if any, l.ender mny ncce►ernte the Secured Debt und forcclose this Secarity Instrument in a manner L
<br /> provfdcd by Inw if Urnntor is in deRUUii.
<br /> At lhe option nf L.ender,nll or�ny part of the Ugrecd fcGS and charges,uccrued interest and principal shall beco�ne
<br /> immedinlcly due and pay�+ble,a►ftGr giving notice�f required by tnw,upon the occurrence of n defnult or nnytime
<br /> thercaftcr.In addition,L.ender shnll he enttticd to all the remcdies provided by law,the terms of the Sccurcd Debt,
<br /> this Sccurity Instrument nnd nny mlated dacuments,iucluding witliout limitntion,thc pawer to sell the Property.
<br /> lf tliere!s a dcfKUlt,'X'rustec shall,in addlt[on to uny othcr permitted remcdy,at thc requcst of thc l.ender,Advertise
<br /> and scll the Praperty r►9 n whole or in separate parcels nt pt�blic auction to the highest biddcr for cash and comcy —
<br /> absolute title frce and cic�r of all right,title and interest of Grantor at such time en� place as Trustcc designatcs.
<br /> Trustee sha�!give notice of sale including the time,terms and place of sale an�1 a description of the property to be sold
<br /> ns required by the applicable law in effect st the time of the proposed sale.
<br /> UPon sale of the property and ta the extent not prohiP�ited by law,Trustec shall make und dcliv�r a deed to thc Property
<br /> snld which conveys nbsulute titic to thc purchascr,and atter tirst paying all fees,charges and wsts,shaU pay to Lender all
<br /> moneys xdv:�iticed for rcpairs,taxes,'snsurance,liens,assessments and pnor encumbrances and interest thercon,attd the� L
<br /> princlpul and interest on the Secured Debt,paying the surplus,if any,to Gran�tor.Lzndcr may purcha..�e the Pr����c�ty.
<br /> The recitals in any deed of conveyance shall be prima facie evidence of the facts set forth therein.
<br /> All remedics are distinct,cumulative and not exclusive,und the Lender is entitied to a7l re:nedies provicled at law or
<br /> equity,whether or nat expressly set for�h.The acceptance by L.ender of any sum in payment or partial payment on the
<br /> Secured Aebt after thc balance is due or is�ccelerated ar after foreclosure proccedin�.s are Ci4ed shall not constitute a
<br /> waiver af Lender's tight co requue complete cure of any existing default.By not exercising any remedy on Grantor's
<br /> default,Lendcr does not waive Lender's nght to later consider the event a default if it continues or happens again.
<br /> 16. EXPENSES;ADVANCES ON COVENAN'I5;A'dTORNEYS'�EES; COLLECTION COSTS.Exr.ept when
<br /> prohibited by law,Grantor agrees to pay a!1 of I..endcr's expenses if Grantor breaches any covenant in this Security
<br /> Instrument.Grantor wi11 also pay on demand any annount incurred by Lender for insuring, inspecting,preserving or
<br /> otherwise protecting the Property and Lendcr's securiYy interest.Thesc expenscs will bear interest from the date of
<br /> i;��Sa�mc:zi uaiil psis!in f�!1 at!he hinhest interest rate in effect as provided in thc terms of the Secured Debt.
<br /> Grantor ngrees ta pay AU costs and expenscs incuned by Lender in wllecting,enforcing or proiec-ii,�g 3.e���ar's r�Bht�
<br /> and remedies under this Security Instrument.TAis amount mny include,but is not limited to,attorneys' fees,court
<br /> costs,and other legal expenses.This Security Instrument shull remain in effe:.t until released.Grantor lgrees to pay
<br /> for any record3tion costs of such releasc.
<br /> 17. ENVIROMMENTAL LAWS AND HAZARDOUS SUBSTANCFS.As used in this section,(1)Environmental I.aw
<br /> means,without limitation,thc Comprehensivc Environmental Response,Compensatiun and Liability Act(CERCLA,
<br /> 42 U.S.C.9601 et seq.),and all other federal,statc end local laws,regulattons, ordinances,court orders,attorney
<br /> general opinions or intcrpretive letters wncerning the public health,safety,welfare,environment or a hazardous
<br /> substance; and (2)Hazardous Substance means any toxic, radioactive or hazardous material,waste,pollutant ar
<br /> contaminant which has characteristi�wh+ch rend�r 1he substancc dangerous or potcntially dangerous to the public
<br /> hcalth,safety,wclfare or enveronmee�t.The term inciudcs,withaut limitutior.,any substances defined as"hazardous
<br /> material;'"taxic substances;'"liazardavs wastc"or"hazardous substance"under any Fnvironmental t.�w.
<br /> Grantor rcprescnts,warrants nnd ngrecs that:
<br /> A. Except ns previo�sly disclosed and acknowledged in writing to Lender,no Haxardous Substax�ce is or will be
<br /> located, stored or rcleascd on or in thc Piaperty.This restriction does not apply to small quantities�ai
<br /> Iiazardous Substances thnt are generully recc�gnizcd to be appropriate for the normal use and mamtenancc of
<br /> the Property.
<br /> B. Except as previously disclosed and acknowledged in writing t�Lender,Grantnr and every tenant have been,are,
<br /> and sh�ll remain in full cornpliance witJn any apFiicaGEc Ea�ico;�;�►cr.:r.l:.�.w.
<br /> C. Grantor shnll immcdiately notsfy L.ender if a releasc or threatened release of a Hazardous Substance oocurs on,
<br /> under or about the Property or there is a violation of any Environmenta!Law concerning the Property.In such
<br /> an event,Grantur shall takc all necessary remedial action en accordance viith any Environmental Law.
<br /> D. Grantur shall immediatcly notify I..ender in writing �s soon as Grantot has rcason to beticvc there is any
<br /> pending cir threAtened investigation,claim,or proceeding reluting to the rclease or threatened releasc of any
<br /> Hazardous Substance or the violation of Any Bnv�ronmental Law.
<br /> 18. CONDEA9NA'I70N.Grantor will give Lcndcr prompt notice of any pcs►ding or thrcatencd action,by private or
<br /> public cntitics to purchasc or take any or np of tlie Property thraugh condemnatian,eminent domatn,or any othcr
<br /> means.Grnntor authorir.es I.ender to intervene in Grantor's name m any of the above described actions or claims.
<br /> Grantor assigns to I..ender tl�e proceeds of any award or claim for damages connccted with�condemnation or othcr
<br /> taking of cill or any patt of tlie ProPerty.�ucli prc�ceeds shall be considered payments and�vill be applicd as provided in
<br /> this Security instrument.This assignment of proceeds is subject to the terms of any prior mortgage,deed of trust,
<br /> security�►greement or other licn document.
<br /> 19. INSURANCE.C.r�ntor shuil keep Property insurcd�gainst loss by firc.flood,thcft and other hazards and risks
<br /> _ rcasonubly associated�vith the Properry due to its type and location.This�nsurance shalx be maintained in the�mounts
<br /> and for the periods that I.�:nder rcquires.The insurance carrier providing tlie insurance shall be chosen by Grantor
<br /> .. _�_..__. �_..___.w......�,�.. .�:��,�,p�.� tt rr�ncor fails to mnintain tlic covcragc
<br /> subjcct¢o i.ender's approva;,wui������a�����.u•. u••=��.w..��., ....__._._. _ _
<br /> — described above,Lender m�y,at L�:nder's option,obtain coverage to protect Lendcr's rights in thc Froperty accc�rdin�
<br /> -" to the terms of thls Security Instrumcnt.
<br /> � All insurancc policics�ncl renewals shnll bc acceptablc to L.endcr and shall include a standard"mortgage clausc"and,
<br /> - wherc appiia�ble,°loss payec clause."Grantor shall immediatcly naiify Lender of canccllation or terminatton of thc
<br /> = insurance.Lender shall huve thc right to hold thc policics and renewals.If L.cndcr rcquires.Gr�ntor shal�immcdiatcly�
<br /> - givc ta I.endcr all reccipts of pald premiums and renewal notices.Upon loss,Gcantor shall givc immcdiatc noticc to
<br />'� thc insurc►nce currier and Lcnder.I.ender may makc proof of loss if not made immediately by Grantor.
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<br /> (Payo 3 ot 4)
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