|
� - ��`�
<br /> ��IC — _. - .�.�1:'w`,�-� .- _ _.. -':_:�-_�`_�;�=�:-
<br /> �. , .-. .-. n"•r-•.-+..��M,+�r�e-�.--,.,�_.. __Y�a_... ..._, ��,..._' n-vR tLR�'�•��.�
<br /> _ _ — " ..._._�..._ ..._.._�_._.. . _� •i�_ �..:.=ca�ffYM1k�F.1iw"____" _ �r�9�.-si�iifdrf.d'.—�:ia��CA�3'°
<br /> '__"�t='...."_"_-----.—_
<br /> • ,
<br />• ; • , r a. ...i� . '�� ��/YVW
<br /> �' �r ��
<br /> e�►ecuted for the pur� c�ti ec�ati�R,sicurin���r guar:�ntyinF th.e Secured Debt. A pvoci[aith Q+eliet by L��xkr tliat
<br /> Le�nckr at any time u ins�cure with respect to any Ex nr�r���r entity��hliq�ted cui ttu:Sc:cured lkht or that th�pr�xet
<br /> ���uny�yn�ent or thr valuc uf thc Pr��►cny ix impaircd xlull ulia cc�iuticutc�i�c��nt oF�k:fault.
<br /> 1S Rkl�f:�lE�ON d)EE.�i1L7.In samte instanr.�s, federal ahd state law will reyuin l.er►der lo�ruvi�l�fir�ntur with
<br /> nutice of the rig,ht ta cure or ottur naiiccs and aw�y estat�lish time schcdul.s for forerlt�sure acti��nc.`uhJect to ttusc
<br /> limitatiam,if any,Lender may accelrrat� tl�e�currJ D�bt aud fui•�cluse this�:curitp Instruntc�it in a manncr
<br /> providcd by law iF Gra�uor is in detault.
<br /> At [Ik opliai nf l.endcr.all or any(�an of thc agrccti fccs anci chargcs,:icclttiu ini�ical u1kJ Nii1i�lFfal sh:3{{h�cCttiill�
<br /> immediately due and payable, After giving noticc �f requi�4d hy law,u}x�n the uccurrcncr ��i a defauU�r any�tinu
<br /> thereattcr.In addition,L.�nder shull bc entiHcd to ull thc remedics ptovidcd by law,thc temu af thc &�curcd I�cbi,
<br /> this Security Ir�ctrumcnt and any tel:�tcd documents,inclu�tiing withc�ut limitation,the pc�wrr tu sel)the Pro{x.rty.
<br /> Ii there is a dcfault,T�ustee shall,in additi�n to any otAer�►emiitted remed�•,at thc rcqucst of thc L.ender.udti•ertisc
<br /> and seq the Property as a wholc or in separate parcels a1 public auction to the hig}ust bicldcr far cash and con��ey
<br /> absolutc title frce and cicur ot aU right, title aod interest of Gruntar at such time anti place us Trustcc designates.
<br /> Trtutee shall give norice of sale including the time,terms aad place at sale aatl a dcscriptian ot the pro�+erry tu he sokl
<br /> as required by ihe applicable law in eifect at the time of the proFosecl safe.
<br /> UM�v.�s�lo of the property and t�the extcnt not prohibit;r3 4h�taw,7'rutitee stwll make and d�li�•cr A deed to the Property
<br /> sold wltiich oonveys absolute titte to the purchaser,and a�`��r first paying all fccs,chargcs and costs,shall pay to Lensier aA
<br /> moaeys advanoed foe repairs,taxes,insurs�x�,licns,asscssments and prinr encumbrar�ces and interest therca�i,and the
<br /> principal and inte�•est on the Secured Debt,paying the swplus,if�ny,to Grantor.Lender may purchase tt►e Propeity.
<br /> 'Ibe recitaLs in any deed of a►nveyance shaU be prima facie evidence of the facts set forth therein.
<br /> �Ul recuedies are distipet,cumulative and not exclusive,and the Lender is entitled to aQ remedies provided at law or
<br /> equity,whethcr or not cxpressly set forih.The acceptance by Lender ot any sum in payment or partial payment on the
<br /> Secured Debt a�ter the balance is due or is accelerated or after forc�ure proceedings are filed shall nW constitute a
<br /> waiver of Lcacl�r's right tu require canplete cure ai any euisting 3e!'ntilt.By not exerrising any remcdy cw Grantw's
<br /> defauli,Lecx9�:r�1ces not waive Lender's rigt►t to lattr co�uider the e�-ent a default ii it continues or happens again.
<br /> 16. E!l'PENSES;ADVANCES ON COVENAN'I'S;A'I'CIDRNEYS'FEES;COLLECTION COSTS. Except when
<br /> Fr�:�ibitcd by law,Grantor agrees to pay all of Lend�r a expenses if Grantor breach:s any co��enant in this Security
<br /> Instrument.Grantor will also pay on dem�.�sc,i zr.y amouat incurred by l.ender for ir�s�ric►s,it�s�►z��ing.preserving or
<br /> otherwise protecting the Property and Lecu�..�'s security interest.Thes�expense�will bear im4rasl from the date of
<br /> the payment unti!paid in full at the higi�-�C��:erest rate in effect as provided in the tem�.c of the Secured Uebt.
<br /> Graator agrees to pay all costs and expenses:ac�ure�G��+Le�dec in collecting,enfordng or protecting Leader's rights
<br /> and remedies under this Security Instrument.'Ihis amu,�unt may include,but;s cwt timited to.attomeys'fees.court
<br /> oosis,and otl�er legal cxpenses.This Security InttrwneAt shall remain iu etfect usrtii released.Graator stgrees to pay
<br /> for any reoocd�:tion cosss of suc6 release.
<br /> 17. ENVIROI�i��"E'AL I.AWS AND HAZA9zi)OUS SUBSTANGF.S..f�.i used in this section,(9)Environmenta{law
<br /> meaaos.wittt�u3limitatwn.the Compre6eaaE��Enviraumeatal Res�+onse.Compensation and L'utb�7ity Aa(CERCI.A,
<br /> �2 Q:S.C.96Qt et seq.), and all other fed�ra7.scat�a�3 bcal I�RS,ngulations.ordinances,court orders.attomey �
<br /> � �- �geaerti op�uons or interpretive ietters caa..�eming�pubiic neauii,s�fery.Wetiare.enviroameni vr a i�ardws —=�`��
<br /> substaace:aad(2)Ha�ardous Substauce r�xans any toxic,raciioa¢tis�or hazardous material,wute.polluta�t oc
<br /> oontaminant wi�ich has characieristics�6ia�render the wbstance cDangeroas or potentially dangerous ro the public
<br /> health,safety,a�elfare or environment.'tb:term includes,without limitation,any substances defined as"l�uardous
<br /> 01itC.11��"`�OxlC SY�OCCS���`��2iirdQUS K'dStO"VI" '�'ldZ�td01LS SU��liO�Ct i1l�l�1V1[Omm�nt�l�W.
<br /> Grantor represenb,warranu�nd agrees shat:
<br /> A Exa�t as previously 'cLsilosed and acYnow3edged in writing to Lender,nc►EYazazdous Substance is or wiU be
<br /> locatec�stored or released oa oT in the Properiy.This resttictioa dces not apply to small quantities of
<br /> , Hazard�Substances that are ge�mlty reoognized w be apy�ropriate for tt�e nocuia!vsa:s�nd••,��n••�A•+�of
<br /> . tbe PropertY• �
<br /> B. F�cept u proviously disclosed and acknow{edged ia wtiting to Lender.Gr.�nsar aud every tenaot bave beea,are,
<br /> sad stull realaia ia fu11 oompliatxe with any appflbr3ble Et►v➢raotnental Law. -
<br /> C. Gr,�ntoc shall imrnediateiy notify L�rc�er if a release or thre�ttmod release of a I-�rdAUS Snbusnoe aoeurs oo.
<br /> uader or about the Fropetty or there @s a vioi�tion of any Ea.Ytc'►nmental L.�w concemin�the 1'raperty.In such
<br /> an event,Graator shall talce�ll aeoessarryr remedial action in�000rdanoe with any Fnvironmental Iaw.
<br /> D. G"rantar shaU immediately notify I.ender in writing as soon as Grantor�as reason to believe thorc is any � �
<br /> pending or thrcatened invesiigation,claim,or prooceding rel�ting to tlie re]ease or threaLeaed release of aQy
<br /> Hazardous Substanoe or the violaciicn of�uy Environmeatal Law.
<br /> I8 CONDEMNA'IiON.Grantor wiq give 2,ender prompt notice of any pending or threatencd actiort. by private or
<br /> pulslic entities to purchace or ta�ce any or all of the Property through oondemnation,eminent domain,or any ot6er �
<br /> means.Grantor authorizes Leader to iniervene in Grantor's namt in any of tbe above desixibed actioos or elaims.
<br /> G�aator auigns to Lender the procceds oi any�w�rd or claim for cl�mages cor.a�octed wiih a ooademrs�tion ur oYher
<br /> ts&aag of�Il or any part o�the Property.Snch proceeds shall be 000.s�dered payrnenu and will be appGed aq prmided in �
<br /> t�s 5ecurity�rumeat.This assignment of proceeds is subjecc w the ter�ns of any prior�sortg,age, deed of ttusk
<br /> �xsKity agt+cer�ent or otber tien document.
<br /> � 1J� Riti��litAr��.fi'raator sha3i �eep rropeny insured against iacs oy firc,uood,tfieft and other hazards aad risks
<br /> reasonably associated with cB�Froperty due to its type and location.This�nsuranre sha11 be maintained in the amounu
<br /> and for the periods th�t Leader requires.71�e insurance carrier providing the in;tuance shal!be chosen by Gru�tor
<br /> . subject to I.ender's approval,whicI�shall not be unrea�onably withheld. Ii Granior fails to maintain the coverage
<br /> described above,Leader may,at i�ender s�t4on,c+btain ooverage to protect I.ender'c righis in the Property a000rdiag
<br /> to tt�e ter�ns of this Seeurity Instrument
<br /> All inwrance policies and renewalc shall be a.�weptable to I.ender and shal!include a stanrlard"murtgage clause"and,
<br /> where applicabk."loss payee clause."Grantor shall irrunediately notify[.endcr of canoellation or termin�tion of the
<br /> insurance.Lender shall have the right to hold the polic�es and renewais.If Lendcr requires,Grantor shall immediatcly
<br /> givc to II.endtr all receipcs of paid premiwns and renewal notices.Upon loss,,Granior shall givc invnedi�te notice to
<br /> :he iawr�r,arrier 3nd L�!+�er_L•.+_+.�!P::�.ay:r.a_��Y:c.^,:a:�w..°e:ss�t:sta�±^i. � c��iy 5•��=«..,•,..
<br /> V�W��V��
<br /> � �' �:/� ��•
<br /> (y�3 of�)
<br /> O W W Ywrw�Y�c.5L C�ud 1i1 I1�Da W4J�11 Fo�RE,DLME//N�
<br />
|