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<br /> exccuted��ar thc purposc of creatir+g,sccuri�zg or 6uY�ntor cnt tc obligut d nn th Ses.cu ed Dcbt ar t�t thc�ospcct
<br /> l.endcr nc�any timc is insccurc with res�n:ct to any pc Y
<br /> uf nny paycncnt�r Ihc veluc af thc Praperty is impaircd s?nall Alsa constitutc en evcnt of dcfnidt.
<br /> l5. REM�DAiks51 ON DEFAUI.T.In somc instancca,fcdcral and stntc law will:cquire l.cnder to pruaidc Grnntor wlth
<br /> itaticc of vp,r ri�lit to c��ro or other notices and�nny esinblish time schedttles for foreclosure actions.Subject to these
<br /> Iimitation;�,if any, Lender may accelerate the Secueed 1(3ebt and fureclose this Security Instrument in a m�nner
<br /> provic[cd.C+y law if Grantur is i��default.
<br /> At thc ar�ion af Lender,all or nny patt of the agreed f�es and chnrges,uccrued int�rest And principal sh�►Il t�cwmc
<br /> immedintrely due and payabl�,nfter giving nutice if required by law,upon the occurrence of a default or anytime
<br /> Ihcrcn£te,r.In ndditioa,Lcnder sha(I bc cntitted to nll tlie remedics prov�ded by law,the tcrms of thc S�cured DeSt,
<br /> this Scr.u,�ity Instrmnent and any related dncuments,including wlthout limitation,the power to seU th!'.Property.
<br /> I[thcre c>u default,Trustee shall.in addition to any uther permittcd remedy,at tlic request of thc L.ender,advertise =
<br /> an�!scl[flhc Property as a wholc or in separate parccls at public auction to the highest bidder for cash and cunvey
<br /> absoti�te litle f�•ee nnd clear ot all right,titic and interest of Grantor at such time and place as Trustee designqtes.
<br /> '['rustec s�ha��give notice of sa[e including the time,terms and place of sale and a description of the property ta be sold
<br /> �.s requi;.ed by the applicable lAw in effect a3 the time of the proposed sale.
<br /> I]nor�s,711e of the property and to thc c:xtent not prohibited by iaw,Trustee shaq make and deliver�deed ta the Property
<br /> sotc�wfirfi conveys absolutc titic to thc purchaser,and after 6rst paying all fees,charg�.s 21nd costc,s�i�ll pay to Lendcr all
<br /> mosteys advanced for repairs.taxes,insurance,liens,asscssments uad prior encamrrhnces and i�aterest cherc:on,lnd the
<br /> prulci��and interest on thc Securcd Debt,paying the surplus.if any,to Grantor.I.ender may purchase the Prpperty.
<br /> 'tlie rec�tals in any decd af cxinvcyance shall be prima facie c:vidence of the facu set forth tlierein.
<br /> AU cer���dics are distinct,cumulative and not exclusive,and the I.ender is entitled to all remedies provided�t law or
<br /> cq��i�j+.�rrhether or not exprassly set forth.The acceptance by Lender of any sum in payment or partlal pu3mienz an tl�e
<br /> c�re�rr;,�Debt ufter the balance�s du� or is accelerated or after foreclosure proceeelings are�'iled shall not co�stitute a
<br /> waive�;nf i.ender's dght to require cnmplete cure of any existing default.By not ex•eacising any remedy c;,..,r�....^c: •
<br /> defauJit,Lcnder does not waive Lender's right to later consider the event a default if it continues or happens aguin.
<br /> 16. EX�I�NSES;ADVANCES ON CUWENANTS; ATTORNEYS'rEES;COI.LECTION 4'OS'TS.Except when
<br /> prof�it;ited by law,�rantor agrees to pay all of Lendcr's expenses if Grantar breaches any coven&nt in this Security
<br /> Inscr��rnent.Grantor will also pay on demand any amount incurred by Lender for insuring,inspecting,preserviug or
<br /> �r��,�ce nrotecting the Property and L.ender's secarity interest.These expenses will bear interest from the date of
<br /> t[ie�3�+yment until paid in full at the highest interest race in ciicc�es�,��vzd�d'ift t1tC teim9 Of i4l�'Crr�irQti nebt. .
<br /> Gta��^or agrecs to pay all costs and expen�s�s incurrcd by Lender in collecting,enforcing or praY�cting L.ender"s rights
<br /> ancC nemedies urider this Security InsUw3nznt.This amount mny include,but is not limited to,ahti�rneys'feFS,court
<br /> cast�.,and other legal expenses.This Secwity lnstrument shalD remain in effect until tcleased.f3tFintor agrees to pay
<br /> fam��,y i�ecordation costs of such retease.
<br /> ]7. EN�IYRONMENTAL LAWS AND Hh'LARDOUS SUBSTANCES.As used in this section,(1)Environmental Law
<br /> ►nca��s,without limitation,the Comp�ehensive Environmental Response,Compe�nsation and Liability Act(CBRCLA,
<br /> 42�.T.S.C.96�1 et seq.),and all other federal,stute and local laws,�egulations,ordinances,court orde�s,attorney
<br /> gei.r.cral opinions ox iaterpretive lettcrs conceming the public he.�th,safety,welfare,environn�ent or a hazardous
<br /> , s���^�n�e;an�(2)Hazardous Substance means any tox�c,radioactive or hazardous materiul,waste,pollutant or
<br /> con�«sminant which has characteristics which render the substance dangerous or potentially dangerous to t��:pubuc
<br /> . hcaU�h,saf�ty,weltare or environment.The term includ�s,witl�out limitation,any substar�ces defined as"h�iaardous
<br /> ma.t�erial;'"toxec substances,""hauudous waste"ur"hazardous substance"under any Environmental L.aw.
<br /> Cv��a�tor rcpresenGs,watrants and agees that:
<br /> �t. Except as previously disclosed and ackr.owledged ia writing to I.ender,no•Hazardous Substance is vr will be
<br /> locat�d,stared or released on or in the Property. This restriction does•not apply to small quant�ities of
<br /> Hauirdous Substanccs that are generally recogniued to be appxopriat�for�tfie normal use and maintenance af
<br /> thc Property.
<br /> 13t. Except as previously disclosed and acknowledgedicable Env ironmental�wtor and every tenant have been,axe, ,
<br /> and shall remain in ful]compliance with any app
<br /> �. Grantor shall immediately notify Lender if a release or threatened release of a Hazardous Substance occurs oa,
<br /> under or about the Properry or there is a viulation of any Envuocvuentai Law concerning the Pcoperty.In such
<br /> an event,Grdntor shall take all necessary remedial action in accordance with any Environrnental Law. .
<br /> �. Grantar shall immediately noti�y I.ender in writing as soon as Grantor has rcason to believe thcre is any
<br /> pending or threatened investagatian,claim,or proceeding re�ating to the release or thxeatened release,pf any
<br /> Nazardous Substan��e or the v.�olation of any Enviro�emental Law.
<br /> lii�. C�i�TDEMNA1iON.Grantor will give Ixnder prompt notice of any pending or tl�rc:atene�l action,by private or
<br /> � pul�lic entities to purcliase or take any�:r aU of the Property through condemnation,eminent dornain,or any other
<br /> � �ttc;ans. Grantor authorizcs Lcnder to i�ntervene in Grantor's nam��'nn any of thc above desrr;�t�eJ actions or claims.
<br /> . �ivantor assigns to Lcnder the procecds af any award or claim for i7��ages connected witk��7 crJniiemnation or other
<br /> t.�ing of afl or any part af the Property.Such procecds shall L�wnsic�ered paymcnts:uid w��1 b_a'�plied as provided in
<br /> g6rJ:�s Security Instrument.This assignment of proceeils is subject to tha terms���ny prior mongage.deecfi of trust,
<br /> sc:,cwity agceement or other lien document.
<br /> 19. tl1�CURANCE.Grantor shall kcep Property insured against loss�q fue,tlood,the£t znd oihsr haxards aud risks
<br />— r�sonably associalcd with xhc Properry due to�u type and locatiun.This insurance sha11 be maintained in the amou�nts
<br /> _.L_r._.,.,.. .�e.r p��pr t�.���rPC.T'he insurance carrier providing the insurance sliall be chosen by Grantor
<br /> arxii iin u��r.....,..o...»..�.�_- ---:--.
<br />� subjeci to Lender's approval, which shaU not be unreusonably withheld.If Gcantor faits ro ma�ntain tne cwerage
<br />— describc:J ahove,T endcr may,at Lender's option,obtain coverage to protect I.ender's rights in the Pruperty according
<br /> ta titc temts of ihis Sccurity Instrument.
<br /> All insurance poficies and renewals shal➢�e acr,��table to Lender and shall include a standard"monga�e clause"and, _
<br />� where applicable,"loss payee clause:'Grantor shall immediately nqiify Lender of canctpadon or termin�tion of thc
<br />,� insurancc.Lendcr sha17 havc tue right to hold the policies and renewats.If Lend�r rcquires,Grantor shull immedintcly
<br /> ;3ive tu Lcnder all rcccipts of paid pmmiums and renewal notices.Upon toss,Grantor shslD give immediate not[ce to
<br />.- the insurnnce carricr and Lendex.L.ender may make proof of loss if noi made immediatefy by Grantor.
<br /> (Pd9e 3 v►�)
<br /> -- O�D'9�OaM.ero 6yriam�.lnc.St.Gad.4tPf flA0G�9).y3�t1 Fortn RE-QTd1E BEW "'^�'-
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