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20�0079�7
<br />arising directly or indirectly, in whole or in part, out of any failure of the Grantor to comply with
<br />the environmental representations, warranties, and covenants contained herein.
<br />(F) Continuation of Representations, Warranties, Covenants and
<br />Indemnities. The Grantor's representations, warranties, covenants, and inderranities contained
<br />herein shall survive the occurrence of any event whatsoever, including, without limitation, the
<br />satisfaction of the Indebtedness secured hereby, the reconveyance or foreclosure of this Deed of
<br />Trust, the acceptance by the Bene�ciary of a deed in lieu of foreclosure, or any transfer nr
<br />abandonment of the Trust Estate.
<br />(G) Gorrective Action. In the event the Grantar is in breach of any of its
<br />representations, warranties or agreements as set forth abave, then, without limiting the
<br />Bene�ciary's other rights hereunder, the Grantor, at its sole expense, shall take all actions
<br />required, including, without limitation, environmental cleanup of the Trust Estate, to carnply
<br />with the representations, warranties, and covenants contained herein and with all applicable legal
<br />reyuirements and, in any event, shall take all actions deemed necessary under all applicable
<br />Environznental Laws.
<br />(H) Hazardous Materials Defined. The tenn "Hazardous 1Vlaterials" shall
<br />mean dangerous, toxic, or hazardous pollutants, contaminants, chemicals, wastes, materials or
<br />substances, as defined in or governed by the provisions of any Environmental Law.
<br />(I) Environmental Law Defined. The term "Environmental Law" shall
<br />mean any federal, state ar lacal laws, statute, ardinance, rule, regulatian, administration �rder, or
<br />permit now rn effect or hereinafter enacted, pertaining to the public health, safety, industrial
<br />hygiene, or the environmental conditions on, under ar abnut the Trust Estate.
<br />ARTICLE IV.
<br />EVENTS OF DEFAULT AND
<br />REMEDIES OF THE BENEFIC�ARY
<br />Section 4.01. Events of Default. Each of the following shall be an "Event of Default":
<br />(A) default shall be made in the payment of any amount due under any af the
<br />Indebtedness;
<br />(B) default shall be made in the due observance or performance af any of the
<br />covenants, conditions ar agreernents on the part of the Grantor, and, if such default shall be
<br />under Sections 3.06, 3.07, or 3.08 hereof; such default shall cantinue for a period of thirty (30)
<br />days after written notice specifying such default and requiring the sam� ta be remedied shal]
<br />have been given to the Grantor by the Bene�ciary;
<br />(C) any representation or warranty made by the Grantar herein, or in any
<br />certi�cate, instrument ar document delivered hereunder, shall prave to be false or misleading in
<br />any material respect on or as of the date made;
<br />G�
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