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<br /> �arcui�J l.:r ih�p�xq}osi �3f creatin�,sccurin�c�r guaranl�•in�; thr tircur.•J lkht.A �Caxl faith F+clkf h�� I.rnJc�thut
<br /> [.�n�lcr al:►nv tu�k ia ins�cur�w•ith�cs�xcl W•rny�x ra�ut ui�nlity.a�li�atcd un iltc k u►r�!),bs ur ttwt t1u pr��cct -
<br /> ��f an�•�+a���nent iu t hc calur uf Ihe I'r��+crty u impair�sl shall alx�cu�►stitutc an evcnt�f ckfauU. � _
<br /> 15� �tEM�IEsS l�N DEEAULT.h� w�+�u instanc�s,fc�kral anJ�tatc law� will rcyuirc l.cnckr tu pruviJc Grantor wilh `
<br /> nutice of thc ri�ht tucurr ur��tf�f n�uir.es��x1 may c�tahli�h timc �cheduks far forcclexurc actions.Subjcct tc► �ixk _
<br /> limit�tions,if.�ny. I.c�tidr�•ni:�y:icceleraW thc kcunJ Ucbt:ui�i funclwo:this Sccuc'sty Insiruwent in a manner —
<br /> pro�•i�kJ by lav►�if Grant.�r is u�J:�tault. _
<br /> At Itx�q►tion��t L�.oder.all ur any par�uf thr agrced kes and charges, accrueal inte��st anJ principal shall lxcume =
<br /> intmidiatoly duc a�nd pa�•nhlc,nCtc�•�iving nutiu if rcyuircd hy luw,up�m lhe occurr�nc�af a dcfault ur anyti�i�� -�
<br /> thercaftc�. In additian,l..ender shull he entitkd to ull Ihe remcdics provided hy Inw, the terrns of�he Secured Ikbl, _-
<br /> this S�curity lo.titn�nunt and any related dc�cuments,indud'u�g w�ithout limitation,the p��wrr tu sell the Pr�i�x;rty. _
<br /> If tturc is a dci'ault.Trustcc shall.in uddition tc�uny othcr permitted remedy,at thc rcqucst uf thc I..ender,od�•ertisc =
<br /> and scll thc i'rcipertp as a wholc or in separatc purccls at puhlic aacta�n ai thc; highcst biddcr for ct�sh And c��rrvcy
<br /> :�tuolutc tillc f'ric and�lcar oi ull righl, tiQc und intcrest af Gruntor at such timc and pl�cc as Trustcc dcsignatcs.
<br /> Trustcc shall givc natirc of salc including thc timc,tcrnis And pl;►cc of salc and a cicscription ot the property ta bc sold _
<br /> as requi�ed hy the applicable taw in effect at the time of the proposed sale.
<br /> Upnn sal�of thc p�e+petty and to th�,extent noi prohihitcd by law.Tractce shall makc and dcliver a d,:ed ta thc Propc:rty
<br /> sold whith cam•eyr at+solute litie ta the purchaser,and after first paying all fees,charges and casts,shall pay t��l.endcr all
<br /> maneys advanccd far repairs,taxes,insurancr,licns,asxs.cments an�priur encumbranc�:s and interest thcreon,and the
<br /> principal and inicrest oa the Secured Debt,paying the surplus,it any,to Grantur.Lender may purchase the Property.
<br /> The rccitals in any deed of con��eyance shap be prima facie cwcienoe at the facts set forth therein.
<br /> All rcmedies are distinct,cumulative and not exclucive,and thc l.ender is entitled to all remecGes provided at law or
<br /> equity.whether or not expressiy set fonh.The acceptance by Lender of any sum in pa�-ment or partial payment on the
<br /> Secured 13cbt after ihe balance is due or is acoeleruted or atter foreclosurc proceedin►;s are Gled shall not constitute p
<br /> waiver oi Lender's right to require oomplete eure of any existing ciefault.By not exercicing any remedy on Grantor s
<br /> default.Lendc;r does not waive Leack:r's right to later consider the evcnt a deiault if it eontinues or happens again.
<br /> 16. EXPENSFS; ADVANCFS ON COVENANTS;ATTORNEYS' FEES;COLLECI'[ON COSTS.Except when �,�
<br /> prohibited by law,Grantor agrees to pay all of Lender's expcnses if Grantor breaches any covenant in thu Security
<br /> Instr.imcnt.Grantor will also pay on demand any amount incurrcd by L.ender for insuring.�nspecting,presetving or
<br /> otherwise protecting the Property aad Lender's security interest.These expenses will bear interest from the date of
<br /> the payment until p�id in full at the highest interest rate in ctfect as provided in the terms of the Secured Debt.
<br /> Grantor agrees to pay all oosts and expenses incurred by Lender in collecting,enforcing or protecting Lender s rights
<br /> and remedies under this Security Instrument.Tf�is amount may include.bat is not limited to,attomeys'fees. couR
<br /> oosts,and other leg�l expenses.T'tiis Security Instrument shaEt remain in effect until rcleased.Grantor agrees to pay
<br /> for any reQOrdation oosts of such releue.
<br /> 17. ENVIBONMEM'AL LAWS AND HAZAitDOUS SUBSTANCFS.As.�d in this section,(1)Environmental Law
<br /> mFans,without Waitation,the CompreherLSiv�G:rzvironmental Responsc,�L',ampensation and Liability Act(CERCLA. =
<br /> 42 U.S.C. 9b01 et seq.). and aU other federai, siate and local laws,re��a�atioas,ordinances,caurt ordets,attomey
<br /> general opinions or interpretive letten concerniag the public health,s�fety,welfare,environment or a hazardous
<br /> � substance; and (2) Hazardous Substance means any toxic,raGioactive or nazardaus materiai,wasie,pouuiani or � -
<br /> oontarninant which hac characteristics which render the substance dan�eerwu�r potentially dangerau to the public
<br /> health,safety, welfare or environment.The term includes,without limit�tion,any substances defined as"ha�ardous _
<br /> material,"«toxic substa,lces.""ha7ardo�c waste•,or•.hazardous substan�e"unck.r any Eavironmental Law. _
<br /> Grwwr represents,warranu anci agrees that:
<br /> A. Except as previously di�:lused and acknowledged in writing to Lender, no Hazardous Substance is or will be
<br /> lo¢ated,uored or releas�d �n or in the Property�_'�'his restriction does not apply to small quantities of
<br /> . Hazardous Substances that are generally reoognize�tu be appropciate for the noim�l use and maiatenance of
<br /> the Property. •
<br /> B. Except as previously discbsed and adcnowledged i�wTiting zc�Y.ender.Grantq�r and every tenant have been.aze,
<br /> and shall remain in fulF wmptiance with any applic:l�Enviroomental Law.
<br /> C. Grantor shall iauaedi.�x-Ly nodfy Lender if a release cx threatened release of a'Hazardous Substance occurs on.
<br /> under or about the Pr+�pecty or there u a viotation of any Environmental Law conceming the Property.In such
<br /> �t even�,Gi�iutor sI�lT talce all necessary remedial action in aceor�attcc with any Environmental Law.
<br /> D: Grantor shall imcnedS.LLtely notity Lender in writing as soon as Grantor has reason to believe there is any
<br /> pending or threatenec�investigation,claim,or proceeding relating to the releace or threaieaed release of any
<br /> Hazudous Substance or the violation of aay Environmental Law.
<br /> 18. COIVDF.MNA710N.Grantor will give Lender prompt notice of any pending or threatened action,by private or
<br /> public entities to purchase or take any or all of the Property through condemnation,eminent domain,or any oiher
<br /> means.Grantar authorizes Lender to intervene in Grantor's a•�m:: in any of the above describe.d actians or claims.
<br /> Grantor assigns to Lensier the proceeds of any awazd or c�tof-�4amages conneceed with a ooademnarion or other
<br /> taYiag ot'all or any put of the Property.Such procee�s shalY 1�:eaaciclen:d payments and will be applied as provi�ed in
<br /> this 5ecurity Inswment.'I�is assignment uf proceeds is subject to the tem�s of any prior mortgage.deed of uus�
<br /> security sgreessseoL or other lien document.
<br />- 19. lNSi1RAN�.G'rantor shal!kecp Pro��ty insured against loss by fire,flood,theft and other t�azards and risks -
<br /> reasonabty associ�ted with the Property due to its type and Iocation.This insurancc shat3 be mainfained in the acttounts -
<br /> and for the periods that Lender requires. The insurance carrier providing the insivance shall be chosen by Grantor
<br /> subject to Lender's approval.which shall not be unreasc�•nably withheld.If Gnntor fails to maintain the covecage
<br /> described abave,Lender rr�y,at Lender's option,obtain coverage to protect Lender's rights in the Property according
<br />' to the temu of t6is Security Inurument.
<br /> All iacurance policies and renewals shall be acceptable to Lender and shall include a standard"mortgage dause"and.
<br /> where applicable,"lass payee clau.e."Grantor shall immediately notity Lender of cancellation or termination of tbe .
<br /> insursu�ce.Lender shall have the right to hold the policies and renewals.If Lender requires.Grantor shall immediately -
<br /> give to I.ender all receipts of paid premiunu and renewal notices.Upon loss,Grantor shall give immediate notice to
<br /> the uwuaiue carric:r and Lender.I.ender may m�lce proof of loss if nat made immediately by Grantor.
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