|
. ..p�..-..., .
<br /> ,-.'. , .:-rT*-_. . ww . -
<br /> . ..o...-,w.n....,�... ..- . - . ..... _. __� .
<br /> .' ' . _
<br /> � , `--' °-"-_-.`..� _. . ._._.�._�.�e.i:�ia�- .
<br /> g��p�y���ty�;yt�y r�.. .. � --- --
<br /> ��Y1iYli'iQ�G,i1-}�,=�.. - - - -- ---— - --— _---- -
<br /> . s�- �,o���
<br /> , . . ,.,, ,,,.
<br /> r.. ,ti� . ,., ;
<br /> cxecuted[�r tti��purpo�a c�+�xextjn8,secwi'lg or guarantying thc 5cc+irccl Uet�t.A good fui�i�bi:lfuf by�.c►�der.el�:it "`�""`"
<br /> Ge��der at eny t�mo�s�n.rccute�vith respect to anY P�n�°ro�r enti�y�bligaced on the Sccured Debt or thnt�he pra;.�ct
<br /> of nny paymcnt ar�hc vnfuc at the Prc�ert9 is in�pnircd shall elsci rnnstitute an cvc►�t ot detault.
<br /> 1S. FtEMEIf`�S O1Vtpp i�'�AUp achs�i,c.�r�s�ertd m y establ�h time:�chedulGS�Iar f reclosure aciians���ubJcct to�hetse —
<br /> nodca S
<br /> limitations,if uny.L,ender may acceleruic tiic�ecured d]eht and foreciasc tl�is�ecuritV lnstrumcnt n a �tr.rinner
<br /> p�rovided by iaw if rrantcr ia in default. _
<br /> /�t tha optfon of I..cnder,nl�or nny pt+rt of the ngr�ed tecs ar+d charges,on the occurrence�of a detuuU ort�ytn e
<br /> immediatcly duc and payable,aftcr giving noticc if required by law,uE
<br /> thetcafter.In aclelition,I.ender shall be cnudcd to all the remedics prov►dcd by�nw,►he��rms of thc Securerb Debt,
<br /> this Securit9lnstrument and any rclsted documents,including without limitnlian,�he po�ver to sep the Properl��.
<br /> If there is a default,Trustcc shall.in uddltion to any ather�crmlttcd remcdy,nt tha rcquest of U►e l.cndcr,:.c�vertise
<br /> and sell the Properiy es a whule or in st�parate parcels at public auction to the highe�t bidcfer for cASh anrj��convsy
<br /> e�tee shall {i ee natice'of sale ncluding lhectime,tetrms and place of sale and a�descriptionaaf ttae�operty t��be sokl
<br /> 'I'rus B d saic.
<br /> as rtquired by the applicabYe!aw in effcct at the I�m$of the prapose
<br /> soldwhiclh con�ys a�beortute t Ic tn the purchascr.end aftc cf rst paY nig�aQ fees�cha ges nndcix�s�5 shall pay to�nder all
<br /> monc�5 auvu��azd�a.'rcpa�r`'w�a�=e5.►n`t'sgnce,lie°S.asseuments and prior eneumbrances and interest thcreots.,and th��
<br /> u�
<br /> principal and interest on the Secured Debt,paying the surplus,if any,to(;rantor.ienu�i�ay purc.hr.r°1hc•- c�+�'n•!'.
<br /> 'It�e recitals in any deed of cor►veyanee shall be pnme fscie evidence of the tacts sct forth therein.
<br /> El11 remed�es are distinct,cumulative and not exclus[ve,an�d��na=of any um in paymen or part,al paynr�:nt on tlin
<br /> equity,whether or not eapre.ssly set foriM.The accep�ance Y
<br /> Secured Debt after thc balance►s due or'��S���e of an rexisti g default By not e�er�c'lsing any em'edy o n�ai�tor'�s
<br /> waiver of i.ender's right to require comP Y
<br /> default,Lcnder does not waive Lendcr's dght to later consi d e r t h c e v e n t a default if it continues or happens�ngain•
<br /> 16. EXpENSES;ADVANCES ON COVBNANTS;A"�'�ORNEXS'FEES;COL�.EG7'101�i COSTS.Exi;�pt whcn.
<br /> prohibited by law,Grant�r agrees to pay all of Lender s expcnses if Grantor breaches any covenant in t���c�Securit9
<br /> Instniment.Grantor wiU also�y�a�nder'snsecu ty intcrc tc'Ches�expenses will bear�inte�resct fumrthe d{►tc��.�f
<br /> o4herwise protccttng the Prope y
<br /> ,__��
<br /> .._ �: r���in effect as provide� in the terms ot the Sec;ocea �_,
<br /> the payment unui paid in iuit a►¢.«.�p,���s�r.ter��
<br /> Grantor agrees to pay all cusu and expenses mcurred by L.ender in collecting,enforcing or proteccing i.cu�a��a�.g °
<br /> and remed'�es under ttus�����y I��ent sha aicma nan effc t u.�il mlcased.Gra,nto�a�',�sa'ees to pav
<br /> oosts�and other lega!expe �. ;
<br /> fcx any noordation c�ts of such releas�.
<br /> 1 Enviroc�� tt�talLa�sr. .
<br /> 17. ENVIBOI�IlY[ENTAL LAWS AND IIAZAIiDOlJS SUaS'I'ANCES.���nsadon and Liability Act�(�ERGC�.E�;.
<br /> metuu,wit�iout WQSitatioa,th�ComPrehensive EnvirortmentaY Respo
<br /> . ,..�., ti,9....���,�q
<br /> 42 U.S.C.9601 et seq.).and all other faferal,state and lcr�at[aws�re8ulations.ordinances,couri ordc3r!c,atk�tnny_; `
<br /> general opinions ar interpret�ve letters concerning the public health,safe2y,wcl[ere,envico��:�a. ...�...---
<br /> substance:and (?.)Hazardous 5ubstance means any tox�c, radioactive or hazardous material,wsstc;{wllutunt or
<br /> �t�;�ant w}�ich has c�aracteristics whech render the substance dangerous or potenliaUy da�ngarau�:to thc e�ublin
<br /> heslth,safeRy,welfare or envir�nment.The term includes,wathout limitation,any substanices defined�s"�r�.��di�us ;
<br /> materuil;••toxic substanoes.��••h�ardous raraste"or"hazarcious substance"under any Enviroruyxntal l.u�r.
<br /> t3rautor represents,wscranu and agrecs that: '�
<br /> A. BxcepY as previously disclosed and ackn°'"ledged in writing to I.endcr,no Hau�rdcws Substa�.ss oc will ba
<br /> located,stored or released on or i�►the�'tti�►crty. 'fhis restricriat fo the no�m l use and gi�'�nwnoe of•
<br /> H�;�rdous Substances 41hat are,generally rcoogaized to be approp . . .'
<br /> the:Fz'aperty. '
<br /> F3. Except as pcevEously disclosed a�s1 acknawladgcd in writing tu LE:nder,Granror and every tenant h�1ve been,ao�,..
<br /> and shali remain in f�ill compGance with awy AppGcable�nvuonmental I.aw,
<br /> C. Grantor shall immediately aotify Lender if a rel�ase or th►r.atened reicase of a Nai.ardaus Subsli�x�s ch'
<br /> wnder or about the Property or thene is a violation of any Environmental Isw concerning the Prciq�ertY•
<br /> an e�r�nt,Grantor shall take al�neoessary remedial acti�n in acc.ordance with any Enviroiunental Ii.,aw.
<br /> � D. "Gz�ntor shall immcdiately notify I.ender in writing as soon as Grantor has reason to believc there is any�
<br /> ' � pending or thr�xtened investigation.claim,or praa:eding relating to the rcicase or thr�atened rtclease a[an���
<br /> � Hpzardous Substt2'hce ox the violation of any Enviro�ment�!Law. � �'�� � ' r��,xt�o�r
<br /> 18. CONUE111INA'R0�•'�Tantor will�ive I..ender prampi notice of any penc�i+�g or thseatc.�n��9'.;}c:ic!�,;niY P
<br /> pubiic entisies to purchase or take any or all of the Properly thraugh condemnation,�n�i��Xii domain,v�r an}�oilauC
<br /> means. �n'antor authorizes I.ender eo intetven�in Grantor's���1e�n uny of the above�dcscribcd aMiv�s or c3atuiF�;
<br /> Gramtor assip,�ts to Lender the procecds of any award or cl�jm i::�r damage��n�nectcd with a condemnatiwn old�n
<br /> . 3�king of all or any part of the Property.Such proc�r.;:lq sliall be�onsi�crcd payTnents and will bc appliet���s pro'
<br /> this Security I�nstrument.This assignment of proo'i�:ts is subject to thc tcrnus of any prior mnrtga�,�decel uf t��ust,
<br /> security�.n„reement or other iien docuuanent.
<br /> l9. iNSUR�l�10E.Grantar shall keep Property insured against loss by�rc, tlood,theft a•nd.othcr hazaads and ri�tts
<br /> reasoaably ussociated with the Property due to its��pe and locatian.This inswancc shall bG�nAintaincd im tl�e umnm�f�
<br /> 'a.,�t'nr�he neriods thaY I.ender requires.'The ira:��arance rarrier pro`iding*h^ins�urance i h`nl�,�c1��b°CoV����c
<br /> subject to Lender's upproval,which shall not be unreasonaoiy w��...���;. _•--•••••--- =
<br /> d�scritred above,L.ender muy,at Lender's option,obtain coverage to protect L.ender's rishts in the Proparty aocordi>>g
<br /> to the terms of this Security Instrument.
<br /> All insurance policies and renewals shall be acceptaUle to Lendcr and shall include a st�ndard"mortgage cl�ude"aiT.d,
<br /> -- where applicuble,"loss payce clause:'Grantor shall immediate{y notify Lenderof a►ncellation or tercnrnation af•the
<br /> insuranac.Lender shaU have the right to hold the policies and rene�vals.if Lendcr requires.Grnntor sl�alC unmedisil,:ly
<br /> hc ins►uanoe�carri�r andtLc;ndcrl Lender may make pr�of of Ic�ss if nopt modc 6�nedi:tcly bygGran omec".iatc nulicc to
<br /> �; ,
<br /> (p�ge 9 orI)
<br /> 01971BU�k�ts6l'a1em�.lnc..61.C!oud.AlN(��00�.1D7•2341)FamFiE•OT�NE 6'b9� . • - • � � � ..-_.•—
<br />
|