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<br /> �^� aubstantially alter any of tha 3�prOVBY81ftS OA the PropertYi
<br /> - =�� . �rial], not ca�f.t, suffer or pereft anp_act�to be done in or upon
<br /> _ _ �� - - � tt�e Ftogerty in �iolatitin of .ang�3��, ordinanae; or-rec,�u2at�on:� -- - --- -
<br /> — - - and. shall pay and proagtly discharqe at Borrower•s cost ar�d
<br /> — � e�ettse all liens, encuabrattaes and chargea� levied, f�posed or
<br /> ,�.� assessed aqainst the Property ar, a� part t�ereof.
<br /> "�� 6,, F.�fneist Do�afn. . Lender fs hereby assigned; all
<br /> ��`' caapensatian; aWards; daaaqgs-: and� other pay#tents or relief
<br /> - . . � (hareit►after "Proceeds"? in co�ection with condeanati.on or other . .
<br /> �:; �
<br /> . - �ak�n9 of th� Prapexty or part��h�resf, or for-. aoaveyance in�lieu
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<br /> ' ` -*;.�� � of condeanation. I�eader shall��be entitled,�; at_: its option, t� . ,
<br /> � � " �° - co�uence, . appear in and prosecute in its own:-na�se-any. actfou-or._:. : ;: _
<br /> F.� ..,.,`. ;;-�,� ao rcr�ise f o��.:;�;::;�; ':�;,:t:.
<br /> - �-. proceedings, and shall also l�e er►titled to sak+a:any- �P
<br />. -,��t�"4����� settleaent in connection `with suoh takinq o�c:° damaqe. In tli��:�°,:.��:�',;-:::_-
<br /> � ,� 'Y :.=`: event� any perticn of the Property is so ta)�en.��r daaaged, Lende�. , ... , �
<br /> . ����: °`� .-- .` shall have the option, in fts sole and abso�ut�:dfscretion, .to�, '`.': ` �--
<br /> �-`_�� � `� - apply all such Procee8s, after deductinq theref� all aosts �";:•:�.;��."� .� :,�--_-_
<br /> '� � `� , eYpenses incurrecl by ft fn connectian w�tb such Proceeds, �`.�� �' ` ,;�_
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<br /> j�. <_. .,:_. .,
<br /> .s_;;_ ,__ .� �. any indebtedness secarec� hereby and in such order as Lettder 3ay. -� � �-��
<br />� � " '`=�� "`�� " --detesa�ine� or to appl� a�.l such Proceeds, after such deductia�;
<br /> � . may detersine. Any apFlication�of Proceeds to indebteclness st�I � � ' �"�"�-_-
<br /> ne the due date of any payiaents under �e t --.
<br /> . . ` not extend or PpgtPo � � . °�.-.—
<br /> - ` . .� - Rete, or cure a�ny .defau�.� thereunder o�c ,hereunder. :' i�. _ -. '�: .
<br /> , .� ,.._:-` f. . �_..
<br /> -. .� �� � � . ' � 7. Perfor�anae by Lender_. Iu the event of Rorrcwer�s : . . �':" �
<br /> ` � • failure to perform any of the covenants herei.n or make any �- : ,. r'.� � �.:..•°�.
<br /> . payments required hereby. or if any act is taken or legal < <. � :,;,;,; : ��-
<br /> - �� proceeding cvamo�enced which materially af�ects Lender's fnterest ; � , ;:��,;;��<<,.., ��
<br /> � in the Property, Lendex may in its own discretion, but without ! . . �._
<br /> �. ',. '� . obliqation to do so, and without notice to or c3�d .upon I� � . ��
<br /> ' �^' ` � Horraw+�r, and without� releasinq Barrower Prom any ob���a�ation, do G , � _
<br /> � " � an y act whicb the Borrower has agreed but f af leci to=�i� an�.=�taX �. .- ; _
<br /> ' -� � also do any ether act ft dee�s�necessary to pro te c t t h e s e C��t y � . . , ,
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<br />.` '�''• ; � �'�f` hereof. Borrower shall, imt¢ediatel u on de.�and therefore ��y
<br /> �
<br /> ' �`� � , � Lender, pay the Lender all costs and exppenses incurred and swas � . ;. ��. ."
<br /> � . expended by Lender in cannection with the exercise by Lender of f . � ,
<br /> . � the foregoing rights, together with interest lchereon at the rate ,.
<br /> . ;;:;�:��,'.�:`:.-: provided in the Note, which shall be added to: the indebtedness
<br /> . . secured herelay. Lender shall not incur any liahiility because of ; : . �
<br /> ' � � anything it may do or eaait to do hereunder. ; �� -_
<br /> . _ . , _
<br /> � ' � ' � �` , g, g��raeus t�ateriais. Borrawer shall Ke�� �e PropertY : .
<br /> • in complfance wlth any and all federal state ar:d 3ocal laws, � . ,
<br /> ' ard3nances and regulations relatinq �o �ndustria� ��e�fene as �o : . . �
<br />� environmental conditions on, under or ab�� the Proge�y, ` ,
<br /> including, but not limited to, soil and ground water conditions.
<br />- -� --� --- -• �- Borrower sl�all not use, q�nerate, manufacture, store or dispose , ,_ _ __ _
<br />: � � of on, unde� or about the Froperty or transport to or from the . � . .
<br /> � �, � Property any . tlammable explosives, raclioact�ed materials� - � , �� �
<br /> - hazardoua was�eg, toxic substances or rela , .
<br /> .. � including, without limitation, any substances dePined as or :
<br /> included in the definition oP "hazardous substances•a hazardous
<br /> , ! ; wastes"�, "hazardous rnaterials" or "toxic sul�stanaes" under any
<br /> � j appliealale laws, ordinances or regulationa (co�3ecti.vely-
<br /> •� �eferred to herein-after as "Hazardous Mat��ials"� . Horsower
<br /> . i�ereby warrants and represe�sts tio Lender that there aae no .
<br /> � ' . � Hazardous Materia2a on or ur�der the Pxoperty. Borrower hereby •
<br /> �. . � � agrees to indemnify and hold harmiess Lencier, its directors, . ,
<br /> oYYicers, employees ans3 aqents, and any successors to Lender•s
<br /> � interest, froa and aqainat any and all c2aims, damages and
<br /> ' . ' liabilities arisi.ng in connection with the presence, use, -
<br /> � � storage, dispasai or transport og any Hazardaus Materials on,
<br /> under, from or about the Property, includfnq, �€�thou� limitation,
<br /> � (a) all damagas direct3.y or inairectly arising out oE tihe use,
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