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<br /> 36- lU8'7 r(D �-. :
<br /> the Property in violation of di char�e rit BoY owe r e coet�andn� i-
<br /> and shall pay and promptly 9 �-
<br /> expen�e �1�ai et� the Prop rty or any partg�hereofed� imposed ar �_
<br /> asaessed ag �-
<br /> 6. Eminent Domain. Lender is hereby assigned all =
<br /> compensation, awards, i�a�aqee aiid other pzsym-°�ts or relief �
<br /> (hereinafter "Proaeads") in connectiAn with conc3emnation or other =.
<br /> takinq of th� Property or part thereof� or for conveyance in lieu . �
<br /> of condemnation. Lender ahall be entitled� at ita option, to
<br /> commence, appear in and prosecute in ita own natne any action or
<br /> proceedinqs, and shall alsa be entitled to make any coznpromise or
<br /> settlement in connection with such taYing or damage. In the
<br /> event any portion of the Praperty is sa taken or damaged. Lender
<br /> shall have the option, in its sole and absolute discretion, to
<br /> apply all auch Proceede, after deducting therefrofn all coata and —
<br /> expenses incurrea by it in connection with snch Praceeds� upon i
<br /> any indebtedneas secured hereby and in su.ch order as Lender may
<br /> determine, or to apply all such Proceeds, after such c�e3uctions.
<br /> to the restoration of the Property upon se�ch cond3.tiona z�9 I.ender
<br /> may deternine. Any application of Procec�e to fndebtedness shall
<br /> not extend or postpone the due date of any payments under the
<br /> Note, or cure any default thereunder or hereunder.
<br /> 7. Performance by Lender. In ttie event of Borrower's
<br /> failure to perform any of the covenant s herein or make any pay-
<br /> m�nts required hereby, or if any act is taken ar legal proceeding
<br /> comaaenced which materially affects Lender' a intereat in the
<br /> Property, Lender may in its own discr�tion, but withaut obliga-
<br /> tion to do so, and without notice to or demand upan Sozrower, and
<br /> without releasir►q Borrower from anX ob�iqation, do any act which
<br /> the Borrower has agreed but fails ta do and aiay also do any other
<br /> act it deems necessary to protect the security hereoa• to�I+ender
<br /> shall, immediately upnn demand therefar by Lender, p y
<br /> all cos�s and expenses incu�rr�d a�nd�Pctms��henforegoing n iqhts,
<br /> � - conneccion wiu� ::••c ��o�-2�_ -_
<br /> together with intetest thereon at the defau lt rate provided �in
<br />- the Note, which shall be added to the�e�tedness secured
<br /> hereby. Lender shall nat incur any liability because of anything
<br /> it may do or omit to do hereunder.
<br /> 8. fiazardous Mater3als. Borrower sball keep the
<br /> Property in compl ance w th a�a�r and all federai, etate aud 1 ene
<br /> laws, ordinances and regulations relating to industrial hyq'
<br /> or to environmental conditions on, under ar about the Property.
<br /> including, but not limited to, soil a�d qroundwater conditions.
<br /> Trustor shall not u�e, generate, manufacture, store or dispose of
<br /> on, under or about the Property or transport to br from the
<br /> Property any flaiamable explosives, radioactive materials. hazardous
<br /> • wastes, toxic substances or related materials, including� without
<br /> limitation, any substances defined as or included ia the defini-
<br /> tion of "hazardous substances", "hazardous i,taetes", "lsazardous
<br /> materials" or "toxic substaaces" und�er any applicable laws,
<br /> � ordinances or regulationa Icollectfvely referred to hereinafter
<br /> as "gaxardous Materia�s") . Horrower heseby warrants and repre-
<br /> sents �o Lender that there are no Hazr�rcious Mafierials on or under
<br /> the Prop�rty. Borrower hereby agreea to iademnify and hold
<br /> harmless I,ender, its directors, officers� employees and aqents,
<br /> and any successors to Lender"s interest, f�com and aqainst any and
<br /> ail clairas, daia�ges ana liaUilities ariainq in connection with
<br /> the presence, use, s�orage, disposal or tranaport of any Aaaardous
<br /> Materials on, under, from or about the Property, inc3uding, rrith-
<br /> - out limitation. (a) all damaqes df.rectly or indfrectly arising
<br /> # ont of the use, generatfon, storaqe or disposal of 8azardous
<br /> �� Materials by Borrow�r or any prior owner or operator of the
<br /> Property, and 1b) all cos�s o£ any required or necessary repair,
<br /> cleanup or detoxificat£on and the pr�paration of any closure or .
<br /> other required plans, whether such action is requa.red or neces-
<br /> sary prior to ar followinq transfer of ti�cle to the Property, to
<br /> the full extent that such action is attributable, directly or
<br /> indirectly, to the presence or use, generation, stosaqe, release,
<br /> _ threatened release or dir or to transferQOf txtle he etoaby
<br />= person on the Property p
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