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<br /> 4a�cui.::l f.�r tiu pury�otic uf crc�tiu�,sc•cu��ing�K gu�r�.yt}ing th��:cuccd I}kbt. Ai g�xx1 f�ith hclic:i hy I.codcr that `_-
<br /> Lcnckr at any tin�t i�insccur�w�itii ru}x:ci w anti F��+?�'��intity ohlisatcJ on thc�cured{khi us th:+t thc prcupc�ct _.
<br /> c�f any paymcnt or thr��aluc of the Nrc�xrty is in�i?�:,r�d sh�i also c�astitute�u�event uf�kfault.
<br /> 15. REMEl11�:5 ON U�F'AR1l.T.(i� u�mc i�ut:uiccs,f�d+:ra!und state li�w will reyuire l.cn�kr t�►E►raviJc Granror w�ith
<br /> natice of the cignt to cui�oi'«ther noti::.s anu may estx_htish timr schcdulec for furcci�w�r :ictiuns. Subject tu thesc
<br /> Gmitatians.iF any, Lender n»y accclerate tbe S�:cured�Je;bt uud furcdosc this Sccurity Instrumcnt in a�uanncr
<br /> pcuvi�lcd by taw if Grantnr is fu dc:fuuU.
<br /> At the option uf L.cnde�,aU ur any part of thc a�trecd f:es anci chargcs,accrucJ intcr�st nnd principai sliall bc:cunte
<br /> immediately due and pa��abL::.after giviug nut�:e tf[eq�ur¢d by law, upun the�xcur.�rcc �sf a d�iault e:anytnme
<br /> thcreafter, i�adciitioo. Len�isr shall be entiticd t��al)tfic r4nudies prnvided by faw,the tcrn�s of th:Sccured Debt.
<br /> this Security Insuument and any related clocumea'�.���8 W��hout lunitatiaa,che pawer w ai:U tlsc Prupet�ty. —
<br /> /f there is a default,Trustez�shAll.in addition t��zny ottser permittcd remcdy.at the reyucst of 2hc Lcndcr,advertise
<br /> and sell the Property�s a whak: or in sc:par�t� Farce l s at public auct:on to the hi ghest bidder for cash and can�ey
<br /> absolute title free sud clear of all right,title an.�i�atcrest af Gr�ntor at such time and placc as Trusiee designates.
<br /> Trustee shall give notice af sale including the titu�:,t:r�s aad place of sale aud a description uf the propetty to be sold
<br /> as requited by the applicah{e law in effect at th�:time of tl�e P�oQoced sale•
<br /> Upon sale of the property and to the extent not pr.�hib:L.d b}law,Tructee shall make and dcliver a deed to the Pr•��eny
<br /> soid which com•eys uluolulo title to the purchasec,aud after Cirst paying atl fees,charges and costs,shal�pay to Lender all
<br /> mcx�eys advanced for repair�,taxes,insurar►ce,lie��s.assessmsnu and prior encumbrances and interes.....,reoo,and iiw
<br /> priaeipal and intecest op the Secured Debt,payint3 the swpius,if auy,to Grantor.Lencicr may purel�ase the Property.
<br /> The recitalc ia auy deed oti oonveyanoe shall be�riu�a f�cie eti�dencA ef the facts set forth therein. .
<br /> All remedies are distiact,cumUlative and not exclasir•e,anti the LenJf:r is entiticd to atl remedies provideci at law or
<br /> equity.whether or not expressly set forth.'ll�e acceptastce hy Lender of any cum in payment or panial payment on the
<br /> Secured Debt after the 6:.lance is due or is acre�erated or after foreclosure proceedings are filed shall not consiitute a
<br /> waiver of Lendei s right ta require cpmplete cure.nf any exuting defaulG Ry not exercising auy remedy oa Grancor's
<br /> default,Lender does not waive I,ender's right to latrr consider thc even�t a default if it continues ar happens again.
<br /> 16. EXYENSES;ADVAN�:E3 ON COVENANTS;A77'OR�IEYS' FEES;COLLEC770N COSTS. Except when
<br /> prohibited by law,Grantvr agrees to pay all of Lender's eacpenses if Grantor breaches any covenant ia this Security
<br /> Instrument.Gcaator will also pay on demand aay amow►t incurred by Lender for insuring.inspecting.preserving or
<br /> otherwise protecting the Hroperty and I.ender's security�nterest.These expenses wiU bear interest from the date of
<br /> the payroent until paid in full at the highest inserest raie in effect as provufed in the terms of the Secwed Debt.
<br /> Grantor agrees to pay all ooses and expettses izu:utred by Lender in collectirtg.enforcing or protecting Ler»�=-*'s rights
<br /> and remedies under thi4 Security[nstncay:nz.'this anwunt may iuclude,but is not limite@ to.attomeys' fees,court
<br /> costs,aad�er legal exp�nses.This Sct.�uity'Ia�slrument sball rt.m.in is�c::.:ct until released.Grautor agn�es to pay
<br /> for aay recordztia�cosis af such release.
<br /> I� FNV�tONME1VTAL�.AWS A1VD HA?.ABD�IUS SUBSTANCES.As used in tbis section,(1)Enviroomental Laa
<br /> .�z„ns,withoui litaitaticw.the Comprcheesive Environmental Response.Cans�ensation and Liabi6ty Act(CERCi.A,
<br /> 42 U.S.C. 9601 et seq.),and aU other federal,state and local Laws,r�gulations.ordinances.court orders,atLorneY
<br /> �eneral ouinioos or iaterprotIve Ietters mncerning the public health, safety,welfare,env'uozunent ar a 6azardoas
<br /> -� -- - -- ssitntance:and{2)Y-IazanJc�us Suhstance means auy Ioxtc.caaiaactive or nacur�ws �wiic;i;u,��:�.���.:•�.��:---- ° _
<br /> vontamin,ant which has chuncteristics which reader tlie substance dangerous or poteati�lly dangero�s to the public
<br /> `tiza+w�Siuct'j�T�i't�.� ai��.S:L"ti:3i12C.3�.�SC::.�1�.'':'.1�� '.'I�I�[n:�t li.,,sa�ai�or��,n.snv cuhctanoes defiried ss"�7�idONS
<br /> material.""to�cic substances,""haaardous waste"or"hazardous substance"utsder any Environmeritall.aw.
<br /> i,rdntor represeats,warranu and a�thaG
<br /> A, Except as previously disclosed arcd acicaowledged in writing to Lender, no Ha�.ardous Substa:scx is or will be
<br /> located,stored or rcleased on or in the Property.This restrictioa does not apply to small quantities of
<br /> Hazardous Substaa►�s.that are ganerall7 rccvgnizEd to be appropriate f�r tttie namal use aud m�*_e^A•,�of
<br /> thc Praperty.
<br /> B. Ezcept as previously disclosed and acLnowledged ia writing to Lender,Graata and every teaant have bee4 ane.
<br /> �od sball remaia ia full compli�nce with any applirable Environa�eniai i.aw.
<br /> C. Graacor shall irnmediateJy no�fy Lender if a release or threatened rele�se of a Ha7ardo'us Substanoe occuts aa.
<br /> �ader or about the ProAerty or there is a vioiutian of any Enviroiuoenta[Law ooncerning the Property In such
<br /> w evesst,Grantor shali take all necessary reaiedial action in accord�sce a�ith aay Envirot�mental Iaw.
<br /> D. Grantor shali immediately notify Lender in vrriting as soon as Grantor h�s reason to betieve there is any
<br /> per.;�g or tvreateaed Investigation,claim.or proceeding retating to the release or threatened release c�f aay
<br /> ��rri�,na G�ctance or�the violation of any Environmeatal Law. _
<br /> l� CONDE1rIlVAT/ON. Grantor will give Lender prornpt notice of any pending or threatened action,by private or
<br /> public entities to purchase or tulce any or all cf rh�Properry through condemnation, eminent domaiu,ar any other
<br /> means.Grantor authorizes I.ender to intervesu:in Grantor's aame in any af the above described aciions or claicas.
<br /> Grantor assigas to Lender the pAOCeeds of any award cr claias for da,nages connected vrith a condemnation or otber
<br /> taltiag of a12 or any part of the ptopertv.Such proceeds sbalQ l�r uuusidered payments aad will be applied as provided in
<br /> this Security Insuumeni.71iis assi�ent of proceeds is subject to the terms of any prior mortgage.deed of uust.
<br /> security agreement ar a�er lien docuwe���.
<br /> 19f. INSUitANCE.Grantor shall keep Praperty insurr.d ag�"snst toss by fire,E.xd,thefi and other haz2r8s and risks
<br /> reason�biy associated with ti�e Property dne to its ty�aad Iocatian.This i��„s++ce s6nii bc�riai�,iaiu�in¢�e a���� -
<br /> uid for the periods that Lender requires.The insurance carri�r providing the insittaace srsaii be chn�cen by Grantor
<br /> subject to Lender's appto�ai,wi�iich shall not be unreasonably v�nthheld.IE Granios faiIs�tn maintain the cover;.ge
<br /> described above,Lender may.at t.ender's option,olxain coverage to protect I.ender's rig6ts in the Property aocording
<br /> to the teraus of this Secwiry Insir�unent.
<br /> A!1 insur�nce poiicies and renewalc shall be accepcable to Lender and shall include a standard"mongage clause"and.
<br /> where applicable."bss payee clau�cc:.°Grantor snall immediately notify Lender of cancellation or temtin�tion ot tbe
<br /> insur-ance.Lender shall have the rig�t ta ho�d the policies and renewais.If I.ender requires.Granwr shaU isnmediately
<br /> give to Lender all receipts oF paidr premiums and r+�newal notices.Upon loss.Grdntor shaU give immediate notice W
<br /> t1�e ic�surance pr�ier and Lender.I:entier may make proof of loss if not made immediately by Grantor.
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