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<br /> c�::tutc::l for thc purpocc of crrating,s�:curing a�gu:uant�•irtg thr�cu:cd D�.bt.A ga�d[aith hcliei by L.c�xl.:�'ihat _
<br /> I.a:ncter at uny time i�ins�cure with res�xct t��any person or entily ut+ligated c�the Secured Debt ar ttiat ttu:prc�ect
<br /> � uf any�►aynunt ar tt►r value of the Propeny is impa�rcd s}w1191sn canstilute a�e�cnt oi'dcfault.
<br /> YS. R�.bii:il➢ES Q3H 43£FAJL's.1�scunr insi��tees•federal ancl�tate la.v will rc�uirc l.cndcr tu provicle Grant�r wiih
<br /> notkti af the�i�ht to eure or athcr natices uiul tnaY establish time cehcdules far foreel��uru acticxis.Subject t�these
<br /> . limitations, if aay. l.cn�irr r�iay �creteratc thr Sei:ui�d i�cbt and tarcclase this Src:urity iaslrwncnt in a nwuu+:r
<br /> provicl�d by law if Grantar is in default.
<br /> pt thc opticu�ot[.cndcr,all cur any part of thc agrccd fcea�tJ cha;g�s, acriucd ir.tcrest and princi�al�h�p hreoan�c _
<br /> immediateiy due and payable,after giving natice if required hy law,upan thc occurcence of a default ar anytinu
<br /> thcrcaftet. In addition,L�:ndcr shnll be entitled ta all the rcmedics providcd 6y law,the t�r��ns ot tho Sccured Debt.
<br /> tt9is Securiry[RCtrument and any selated dncumeats.including without limitation,the pow�ei tu seA the Propeny.
<br /> If therc is a default.Trustee shull.in addition to any other permitted remedy,at the request of the Lcnder,advertise
<br /> and scU the Property as a whal�or in separate parcEls At public s�uction ta the highest biddet for cash and cc�nvey
<br /> absolute title free and clear of all right,title and interest of Grantor at such time and place ac Trustec designs►tes.
<br /> Ttustee shall give notice of sale including the time.temu and place of salo anci a descriPtion of tha Property to b�sold
<br /> as required by the applicaEle law in efiect at t4e time of the propc�ced sale.
<br /> Upon s�le of the property and to the extent nat prahibited by law,Trustce shaU make aud delivcr n deal to lhe Propeny
<br /> sald which conveys ahwluto title to Q�e purchaser,and after first paying al!fees,charg�and costs,shall pay to Leader aU
<br /> mcmeys advaaced fw repai�s.taxes,insuranoe.liens.asscssments azu1 Prior encvmbrances and interest therean,and the
<br /> princiral and interest an tM Secured Debt,paying the surplus.if anY,to Grantor.Ler�der may purchase the Prapert9•
<br /> 11ie recitals ia any deed of conveyauce sha11 be prima facie ev'.denoe°f the facts set torth thercin.
<br /> AU remedies arc distinct.ctunulativc and not exclusive,and the Lender is eniitkd to all remedies Rrovided at law or
<br /> equity,whethcr or nat expressly set forih.'Itie a�ceptance by Lender of any sum in payment or partial payment on the
<br /> Secured Debt after the bal�noe u due or is accetecaced or after foreclasure procetdings are filesl shall not oonstitute a
<br /> wsaver of Lender's right to require oomplete cure oE any existiag default.By rwt exercising any remedy v�n Grsntor's
<br /> default.Lender does nat wai�•e[xader s rigUt to[ater consider the event a default if it continues ar happens again.
<br /> 16. EXPENSES;ADVANCES ON COVENANTS;A'ITORNEYS'FEFS;COLLECI'IO;V COSTS.Eacept when
<br /> prohibited by law.Cirantor agrees tu pay aU of Lender s expenses if Grantor breaches an�'a�venant in���
<br /> Instrument.Grantor will also paY on demand°ny a�°°u"t incurred by I.ender for insuring.inspect' g.pr 8
<br /> �rwise protecting the ptoperty and Lender's-�+ecurity interest.Tt�ese expenses wiU b�az interesi from the date of
<br /> the payment untii paul ia fuU at the highest incerest rate in etfect as prQVided in the termc of the Secured Debt.
<br /> Grantor agr.ees!o pay a11 oo�ts and e�pCnses in�n�d by Leader in oolle..^ting,enforcing or�rotecting Lender's rights
<br /> and remecE'ses uader this Sewrity liutnucw,nt.7t�is amount may inetude,but is not limitc�Ro,attomeys'fees,oourt
<br /> costs,and otber{egal expenses.'Ibis Security Imexument shaU rcmain in effect nntil retex;ed.Grantor agrees w PaY
<br /> for any te�otdation cosLs of sucb release. �
<br /> 17. ENVIRONMENTAL�,AWS AND HAZAR�DU�a SUBS7'ANCE.S.As used�in this sectioo,tl)�nvir.armeatal law
<br /> u7CaRS,WitlWUt liiaitltioa,tl7e COmp[rheASivG Fst�rirOnalCat81 RaSQOitse.CAtnpensaiail aacl LJability ACL{CERCLA,
<br /> -,- .--_--.. .42 U.S.G 9601 et seq-),aad all o�tr,er federal,state a:ul local laws.reguladons,ordmanc�s,oourt oc'ders�attorncy
<br /> geaeral opiaious or intet�retive le1ie15 COtlCemmS�zbe Pa'onc i�eyiiu,�cs`�,i�s.i�"a:vf-«:,i.^:^••II�DLn��s s�a __�c_..- --
<br /> substaace:and(2)Hazardous Substaace means any tozic.radiosctive or hazardoas�uateriai. wsste,pc�lluiant a-
<br /> 000tamiu�nt w'aich has ehaiacteristics which render the subuance dangerous or potentiaUy dangerouS to the public
<br /> health,safety,weifare ar eaviromnent.The term includes,without limitation.wy sub�tances de�ned as"hazardot�
<br /> � ,��,°�c���,»..�a�W����n�a��c���r�y�w���w.
<br /> Grantor�sresetus.warranu and agrees thaL
<br /> A. Exoept as previously disciosed and ac3crcawledged 'w writing to l.ender,ao Hazudous Sulutanoe ic or will be
<br /> • • iocated.stored or rPleased on or in th�Igcuperty. This restriction does not apply to sma1T.quantities af
<br /> � I�ia7ardous Sut�staoocs t6at are Rener�lly�oo�tized to 6e aPPropriata�t'or thc normal use aud�+�„«„9^�'of
<br /> tlse Property.
<br /> B. Exapc as previousty di�c3oced aad aeknowtedged ia writing to Lender_F'sraatoc anc:every tenaot I�ave boe4 ar'e.
<br />' a���ll n•�nsrn ia fuil t�ompl�at�t widl aoy spQliCeb�e Et►vitoomeutsT L3.�_
<br /> � G Grautor shall immediateIy notify L.ender if a release or threateaed reLu�:�E�HIazardous Substsnoe oaws on.
<br /> under or about the ProQerty or there is�violation of any Environm�rrt�i Law oonoeming the Property.In sudr
<br /> �n event,Graniorshall�ake aU necessary remedial actioa in xeordaia�with aay Enviroameatal Iaw.
<br /> D. Graniar shall immediately notify Lender in writing as soon as Grantor has reason to believe there is arsy
<br /> �'n:a�:ag c:thrr..°ter.sd invesLaation,claim.or proceecfrug relating to the rekase or threateaod reiease of a�r.�r�
<br /> I�a�ardons Subst�aue or the viotation of any EnviroamNUwl L.aw.
<br /> lg. CpNpF.MNAIION.Grantor will�ve L.ender peompt notice oi any per�ding or threatened actioar by private or
<br /> � public tatities to purchaae or take any or all of t3�e Property chrough coa,ci�.�nnation,eminent domain,or any other
<br /> . means.Grnntor authorius L,ender to interveae in Grantor's niane in any of the above desciibed actior�s or claims.
<br /> Grmtor assigos to Lender the prooeedc of any award or claicu t�r damages coanected witft a eondemnatioa or other
<br /> t�king of all or aay part of the Property.Such prooee@s shall be considered p�ymenu and will De applied as provided in.
<br /> this Security Lutrumeat.'I3is a�,signment of prooeeds is subject to the tr:rms of any prior mortgage,de�d of trust,
<br />= secttrity agrcrmeitt or olher lien document.
<br /> 19�. INSURANCE.Grantor shall keep Prapeny insureci against ioss by firC, tioo�,ii►eft a�c3 cul�.:s�:�s�t3 'r�
<br /> reasona6iy associatod with the Property due to its type and lacation.This insurauce shaU be inaiatained'w the amounts
<br /> �nd fa We periotls that Lender roquues. '1be�nsuraax carrier providing the inwrance sha11 be chosen by Grantor
<br /> subject to l.ender's approval, which shall not be unreasonably withheld. If Grantor fails to maintain the voverage
<br /> described above,l.ender may,at Lender's option,obtaia coverag�to protect i.ender s rights ia the Property accarding
<br /> to tIu terms of this Security IastriunenL
<br /> All intnrance policies and renewals shaU be aoceptable to I.ender and shall inciude a standard"mortgage clause"and.
<br /> whert applicable."{oss payee clause"Granto�shall immediately notify Lender of cancellation or terminatioa of the
<br /> insw�ance.L,ender shall have tF�e right ta hold the policiPS and tenewal,�.If Lender requires.Gr+ritor shall immediately
<br /> give to I.ender all receipts of paid premiumc�nd renewa�notices.Upon loss,Grantor shaU give immediate notiee to
<br /> - �;R�,���srier and L,eacler.Lender may en�ke proof oi loss if not macle ima�edistely by Grantar.
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