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<br /> . Of6� .a�._ "''�era*-..—`y,'.
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<br /> , executed for tt►e pwpose of creating,securing or guarantying the Securrd Drht. A gaoJ faith helirf by Lender tl�at ,? . ' . •-
<br /> , Lender at any time is inszcure with respect to any person or entity obligatrd un thr Srcured Drht ur that the prosgect - . . �
<br /> • � of any payment or the vatue of the Property ss impaired shall also constiwte an cvrnt uf drfault. .. � E`-
<br />. 15. 1tEMEDIES ON DEFAUi.7C In some instances,federal and state law will reyuire i.�ndrr t��provide Grantor with � .�
<br /> notice of the right to cure or other notices and may c.�stablish timc srhedula.�s for furerli�sur�actions.Subjed to these ° ,=•�'
<br /> limitations,if any. Lender may accelerate the Secured Deht and foreclose thi,Srcurity ln�trument in a cnanner � ' " � � . ..
<br /> � �provided by law if Grantor is in default. � ' �
<br /> � At the opUon of Lender,all or any part of the agreed fees and charges,accrued inter�st and principa)shall become �� � . • � .
<br /> ��� immediately due and payable.after giving notice if reyuirrd by law, upon thr occurrencc of a default or anytime ' '. �� ,
<br /> ' _ thereafter.In addition.L�:nder shall be entitled to all the remedies pro�•ided by law�. the termti of the Sccuted Debt, __` _ _ ` _ ` �
<br /> this Security Instrume�t and any related documents,inciuding withoat limitation.the po+ver to�eli th�Property. ' �;;:
<br /> If there is a default,Trustec shaU,in additian to any other permitted remedy,at the requc.�t c�f trie Lender,advertise : ;
<br /> and sell the Property as a whole or in separate parcels at public auction 3o the highest hiddrr for cash and convey `; ,,<<' � -
<br /> ��--�t,Ucs`�= _
<br /> . , absolute titte free and clear of all right, ude and interest of Grantor at such time and placc as TTustee designates. �� �� ��"� s
<br /> •. {::.;'�.•; .
<br /> •• Trustee shall give nutice�of sa[e including the time,terms and place of sale�..nd a de.�scription af tf�e property to be sold ���:�';•.�•,, :. �
<br /> as required by thc applicable law in effect at the time�f the proposed s:;e. ��'��"' � ' '
<br /> ..'; .,��,.,.. �ir':..,..�,;., .
<br />`�'�'"' U�n sale oi the praperty and to the extent noi prohih:ted by law.Trustce shall make and de(iver a deed to the Property •_,�,r;x.r,:�,..
<br />•;:_';;'„3 sold which conveys absolutc title to the purchaser,and after hnt paying al!fecs.chac���and costs,shall pay to L.znder all '� •'� ° � �
<br /> , •..,.�„r••? :_._.�
<br /> neoneys advanced for repain.taxes,insurance,liens,aa-x„�ents and prior encumbrances and interest thereon.and the .. -
<br /> _ principal and interest on the Secured Debt,paying th��,rrplus,if any,to Grantor.Lender may purchase the PropeRy. � ��a
<br /> ,.,::._ _
<br /> The recitals in any deed of conveyance shall be prima facie evidence of the facts set forth therein. . �.�.=
<br /> All remedies are distincK,cumulative and eet exdusire,and the I.ender is entitted to all remrdi��s provided at law cx `` • . '*'•.'•�� �'
<br /> � e�uity,whether or not expressty set fonh.The accepta�RCx by L,eader of any sum in payment or p3rtial payment on the .•:;'����r-`
<br /> Secured Debi after the balance is due or is accelerated or aher foreclosure proceedings are filed shall not constitute a � ---_ __
<br /> waiver of Lender's right to require complete cure of any existing defaui�Sy not exercising any remedy on Grantor's �'�`'" �'°`>
<br /> ','•- defa»It,Lendes u�aes not waive Lender's rig�t to later consider the event a detault if it continues or happens again. -- --- �
<br /> 16. EXPEN3ES; �VANCES ON CO�IVi�NTS;ATTORNEYS"1F�ES;CULLECfION COSTS.Except when �• -----
<br /> prohibited by law,Grantar a�ees to pay all of Lenders expenses if Grantor breaches any covenant in thu Security '���Y';� : ��''�%-` -
<br /> r. ��
<br />- . • Instrument.Grantor will alse�ay on demand any a�*vc�nt incuned by Lender for insuring,inspecting,prese;ving or �;'���'s� ��, '
<br />.��_ :''.� otheiwise protecting the Property and Lea�der's secv.�a3� interest.These expenses will bear interest fr�m ttie date of .�:`�`' '
<br />� ;` the payment until paid in full at the highest interest rate in effect as provided in the terms of the Secured Debt. !��.�'`�,�' ,,V
<br /> Grantor agrees to pay all costs and expensrs incurred by L,ender in collecting,enforcing or protecting Lender's rights :� �,..•. , := <� '
<br /> '. and remedies under this Security Instrument.This a�ount may inctude,but is not limited to,attorneys' fees,couri ���# �`�` ;
<br /> ' �:.Y�'� '71..:
<br /> :. msts,and other legal expenses.This 5ecuriry Instnt�e:c�t shall remain in effect unti3 released.Grantor a��to pay ��'' ��.;��:`
<br /> • for any recordation costs af such release. ,j _;;
<br /> . 17. ENVIRONMENTAL LAWS AIYD HA7ARI)OUS 57,�STANCES.As uscd in this section.(1)Enviro..��n�szl Law -
<br /> ' means,wit�rout 1'smitation,the Comprehensi��e Environmental Res�onse,Compensation and L.iah'+ty Act(CERCLA. ° �� '
<br /> i. 42 U.S.C.96u1 et seq.),and all other fe�er�l,state and local la�;s, regulations,ordinances,c�urc orders.attomey P ����"';•.`��•:
<br /> general opinians or interpretive letten concerning the pubtir heatth, safety,welfare,environmeni or a �zardous _ ,;�!•-' ' ' '
<br /> _ substance:and (2) Hazardous Substance means any raxic,radioactive or haza*dous material,waste,r oUutant or u�,:I °
<br /> , contaminant which has characteristics which render fhe substance dangerous or potentially dangerous ta t,t:e public ,�•�__,_
<br /> • health,safety,welfare or environment.The term includes,without limitation,any substances de�ned as"hazardous �''� �;'��s;-.—.
<br /> � material;'"toxic substances,"••ha•rardous waste"or"hazardous substance"under any Environmuntal I.s�w. .v.,,,�;-�:�J"-"=.-,-;.
<br /> Grantor represents,warrants and agrees¢7;�:t ' _
<br /> • A. Except as previously disclosed and a.3s.:o•ale�,�:d in writing to Lender, no Hazardous Substance is c*will be ��`�"'`� - - -
<br /> located, stored or released on or in tre Prc��erty.This restrictinn does not apply to sraall quantities of -- - -- --
<br /> Haaardous Substances that are generr�';y reco�..ized to be appropriate for the normal use and maintenance of " --
<br /> the Property.
<br /> �,�.iitt�.
<br /> - B. Except r,s greviously discloscd and x�c,owledged in writing ta Lender,Grantor and cvery tenant have been,are, - -�
<br />_ and shr:1 remain in full compliancx with any applicable Environmental Law. ��$�. ..•.. ,_.., �_
<br /> �. Grantor shall immediately notify Lender if a retr.z�e or threatened release of a Hazardous Substance oc..�urs on, '- -`� -
<br /> under or about the Property or there is a violar:�::of any Environmental Law concerning the Properry.In such � �i` `
<br /> ..��.� an event,Grantor shall take all r.ece�.z.=ry remedial action in accordance with any Environmental Law. � ����
<br /> '•��," .. �..,,,�,.� .
<br /> �.. D. Grantor shall immediately notify �.•r::der in writing as soon as Grantor has reason to believe there is any .�•r .�_�_`,.-•
<br /> pending or threatened investigatian�.;aim,or proceeding relating to the refease or threaten�d release of any �.:..,�,.;,':.,,�,;.-�Y„_.°
<br /> Hazardous Substance or the violation of any Environmental Law. `• �;. • '
<br /> IS. ��:VDEMNE#TION.Grantor will give Lender prompt notice of any pending ar threatencd action,by private or _;'�,,,�,�;�,,,;.�,.
<br /> puisiic entities to purchase or take any or all of the Property through condemnation, eminent domain,or any other '°—'-`--°--_ •
<br /> . •.,x-.�. --_��-r`
<br /> means.Granter authorizes Lender to int���ene in Grantor's name in any of thc above described actions or claims. -
<br />,. Grantor assigrs co Lender the proceeds cc any award or claim for damages connected with a condemnation or other • - ��--�--�,.�-
<br /> . tzken�of all or any part of the Pcoperty.Such proceeds shall be considered payments t�nd wil!bc applied as ptovided in :,, ;t, • � �''�-;,�
<br />, tEtes Security Instrument.This�ssignment of proceu3s is subject to the terms r�f ar.y ptior morigage,deed of trust, • �`•���.� -
<br /> ,���,�,'..r,..
<br /> ,,�:,
<br />� yxatrity agrecment or othcr 4�ecti�xument. �, 'ti.,,,�4k��,,��,,�i,;w;.:�
<br /> : 19. INSURANCE.Grantor shall keep Pro�:rty insurcd against loss by fire, flood. thrf!a�:d n=.ht;r ht�•r.ards and risks � � ";�-
<br /> . . �.iii.,
<br /> reasonably associated with the Property�':.ie�ta its type and location.This insurance sP.aEl E�mw�lruuined in the amounts . � ���;.-
<br /> ;.��.,r.,,.-:
<br /> and for the periods that l.ender requires. T:^�insurznce carrier providing the insurance,h��! he chosen hy C',rantc�t � •''::•.j.�;?;
<br /> subject to Lender's approval, which shal: r.o:be z.r,e�son�bly withheld. If Gr�ntur fails tv mainlain the cover:age � .� • "' ��,' -
<br /> described above.I.ender may,at Lender's apiion.�a_�in coverage to protect Lender's rights in the Property according ' ��.;�,,
<br /> to the terms of this Security Instrument. „- • . •�1�,.�.:..
<br /> .. All insutance policies and renewals shall h�acceptable to Lender and shall include a standard"rnortgage clause"�nd, . , � ����'"'"`
<br /> , � where applicaUle."loss payee clause."Grantor shall immediately notify l.cndcr of canccllation or termination of the '
<br /> . ,f?'�%t:
<br /> insurance.Lender shall have the right to hold the policies and renewals. If Lt:nder rcyuires,C'irantor shaU immediately � • ' •
<br /> ' give to Lender all receipts of paid premiums and renewal notices.Upon loss,Grantar shall give immediate notice to �
<br /> the insurance carrier and Lender.Lender may make pruof of Ic�cc if not made immcdiately by C;rantor. � .
<br /> . . . �
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