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<br /> _ .. _ .` . _ 14. DEFAULT.Ttttstor vrill be in default if a�►Y P�Y obh�at�on the Scxured Debt f�'ls to m.�tka payntens
<br /> � v��l b$in defanit if a breacb occuis unda.th�:cem�s of thi::Sesurity ln�mmcenc or any osher do:ument execated for the ' . .
<br /> • � piupose ot creating,secariag or guacantying the Secured�ebt.A guod faith belief by BemeSciary that Beneficiary ac a� .
<br /> , �����te mth respect to any petson or emiry obligaoect ou tttr Secu�ed Debt or tUat tuc prospect of at�►paymeat or , •
<br /> �;,� the value of the Propectq�s aupaued shall also cons!�ate a.R eveat of defaul� : 4` ;`�
<br /> . ` 1 5. R E A�D I F S O N D E F A U L T.1 n s ome iustaiu:es.frdr.•a!au�l state!aw�vill reqairc Beneficiary to pmvide Tn�stor with • : , '
<br /> � � ' ---` ' nfltice of the right w cnre or other notices and maY es[abtisii tim��e d��+fnr forec loavre a s a o n s. S u b j e�:t t o t h e s e
<br /> � ,-�'�°`r " limitaaions. if a�r. Beneficiary may accelereie thc Secuied Qrbt and fom:lose this Security Insammeat in a manner
<br /> � �,�T� pmvided hy law�f Tnutor is in defaWL .
<br /> . ' A.t t h e o p t i o n o f B e n e fi 'ary,alt oT a n}r�art of the a�!iees ami clzarges. aacue�l inrerest and p r inci p a t shall�COme - ._`' :�`
<br /> � immediately due and p p a y b a te,.after pvin� norice if rcqnired b} law. npon t h e accauence o f a d e f a u l t o r a ny t i m e , . :
<br /> ` theceafter. In ad�ition,Be�fic�ary sfiall be entided to all�he nme8ies provided by law, the te�s af the Se�ued Debt, . �
<br />�� . ' tflis Seauity Insm�ment and any reL•ued doc�uts,including withwt limitation,the pavrer to sel�the Property. _ .
<br /> .
<br /> . . . If there is a default,'�asae shall,in adcliaan tv any otuer gennitced rnnecly.az the r�aest of the$eneficiaty.advertise ;� ��� :' �:;-�
<br /> and sell the Property as a�hole ar in sepuate parrels at public aucdon to tt�highesc bi der for c�sh and comtccY abselnte ' .� �
<br /> ' titie fce�and clear of alt right,titte and•mt�est of Tn�stor at svch dme and place as T►vstee des�gnates.Tiustee si�all sive ,`- A.
<br />:Z: , ' . notioe of sale includino d�e time,tetms�nd place°f sal�and a des�xiption of the propem�to be sald as required by the ;
<br />"s-f. • . a�splicabte law in effect at the time of tlte pmp�sed sale. ' ` -
<br /> ���
<br /> '�` Qpoa�sale of the property aucl to the extent not 'bited hy law,Tmstee sl�all make ancl deliver a deed ta the Propercy ' ` �� .. -
<br /> � sold whicli comreys absolnte title w the pnrc er, and a8er first P3Ying all fees, chuges and casts; shall pay to . _
<br /> _.�`�� Benefcciary ail moneys advanced for �ai.-s, taxes. in.mraace, liens, assessments and prior encnmbran�s and interesY '4 •: ; �` --
<br /> . �e tbe p��per�ty.The ieeitals�'m�anY cleec!of�eqan�s�a�lly6e prl'�ma fat��e S''evWer�'of thc faeis set fo�erein- y . .>-_',_-�
<br />;%. . . - - - All iemedies sie ctistmct,cumularive and nat exctusive,and th�B :s entitled to all reu�edies pmvided at 1�w or _ #Y:=--
<br />_ - , ' eyuity,�vhether or not expressty set foith.77ir acce�tance by Beaefi�zay sum in paywent or paraal payrneni on ti�e ��
<br /> ? : , ' '•; Sxared Debt afcer tl�ee balance is due or is acceterated or after forulosure pmeeedings are filed si�all not wnstitate a '� :
<br /> ` • Kaiver of Beneficiary's right to rec�nire camplete cuce of aay e�g defanit.By not exercisiag any remedy on Trwtar's �� .•�1-_
<br /> �";`.,.`. � `.' _ cl�fault,Beneficiary daes not waive}�eneficixry's r��t ta later consider the eveat a default if it continues ur happens again � ,; ,�:T_
<br /> �-' . � ; �_ 16. EXFEPiSES; ADVANCF� ON COVENAI`TS, ATTORNEYS' FEES; COLLECTION COSTS. Bgcept �vhen ,_,;'�"':
<br /> k r �� protu'bited by law,T:astoi agre�ta pay all of Beneficiazy's eapeaces if Traswr breaches any covenant in tbis Secarity �_
<br /> - ' ? ' L�stroment Tsastor�vill also pay on demand anq amount�ncnrred by�Be�efciary►for insurin�,insPectin , pnse�vinS or - --
<br />,:°� . � othenvi.e pmtcc�n&the Property and Beuefieiary's seas�tty intelesc The.,e e�cpeases will bear mteres7 fro�the daee of tbe }. " < �x.�.,�_.
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<br />`,f.•.: payment tttuilpaid m fnl!at the highe'st intere�t rate ia effect as provided in the teims af the Secured Debc.Tiustor agrees '�
<br /> ., t tu pay, aU casts and expenses incacral by�Beneflciaty in coLecting, e�foa�-ing;or pmtecting Benefciary's rigi�ts and '�.
<br /> `�t: _ remeckes under this Security Insaument.This am�unt may uiclade,isnr is not timiced�o;attoraeys'fees,wurt costs.and _ .; �`.--°-�;�-.
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<br /> :: � . , osher 1ega1 expenses. Ttus�ecurity Insaument sl�all re�aiu in effect until released. Tms�tor a� co�ay for any .. .,�>.,%.-=-
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<br /> �cordaaon costs.of sucb release. . ... . �•':: . .,.=�-s-,:
<br /> , �. 17. LNVIRONMENTAL LA�VS A1VD HAZARDOUS SUBSTANCES. As nssd in this secaon. (1) EnvironmenEal Law ,��_.
<br /> ..._ _ ��.without limitaaon,tbe Cemprehe�ive Envcranmental He"spone,Coiupensation antl Liability Act(CERCLA,42 _
<br /> �«���.
<br /> ' : U.S.C. 9601 et s�q.), and all ottier federal,statr and laca] laws, resuladon::,ordinances, court orcters,attomey general ,,:�Y,_
<br /> • � a inions or interpreuve letters conceming tlte public heatti�,aafety.welfare,environment or a harardous substance•and(2) ,
<br /> ' �ararduus Substance iueans at►y to�cic. radia.ctive ar ha�rdws material. �vaste. pollntant or contaminant w�iich bas ___..:_�°
<br /> � � � � cliaracteiistics wlrich render tlie sabstaace:elangerous ar�btentiatly dangeraus w the public health, safety, welfa�e or • � :���_
<br />'.,�" � • e�rv i r o n m e n t.Thr teffi incIuQes. without limitation.aay substauces defiuecl �°i�rdous material." "toxic sabstances." . _:. . _
<br /> ;;;��. "I�azardous waste"or"liazardous svbstance°underany Enviro�miental Law." . • ' •' , . . '.;�
<br /> - �.
<br /> `� � Tn�stor represcuts,wariants and agrees tlrat: .. . . .. ' .4.
<br /> `�° � � A.Except�s previonsly disclosed and ackno�vlecigei!in writing co BeneSciary:�no Hazardous Substanse is�will be "
<br /> , _ . .::�..; tocated, stored os released�on or i�tHs Property. 7Y�is resaicdon daes noc�ap ly ca gnalt quauaries of Haaardous � .. �l_ .,.
<br /> %�. ..j Sub.staiu�c th3t are Benerally recognize�.c�be ap ropsiate forthe r.omuil use�mainsena�e of the Property. ,
<br /> B.Except as previously disrlosed and ac�owled�ec�in wrlan�to Be��Gci:uy,Trussor anJ every t.nant ljave been,ase,
<br /> � and shall reivain in fiill complianca wid�any applicabie Environmcntal Law. ,
<br /> � �•.,� C,Tnutor sl�all immediately.nodfy Beneficiary�f a retense or threatenecl rclease of a Hazardoos�Subs�ance occurs ou.
<br /> ' � under or about the Property or there is a�nolation of any Elivironmental Law conc�:ming tfle�Property. In such an , . .
<br /> � event.Trnstor shall take sU uecessary remedial acdon in accordan:e wit�any Emriromnentall.aw•
<br /> • ' , D.Trosror sSia11 immediatel}�notlfy.Ben:fcciary i�s writin�as soon as Truswr has reason to believe tliere is any pendiag •
<br />;`;;,.' � t or threate�ed iave's6gation, clam�, or procceding ie�adn� to w° rele.�se or threutened nlease o�any Hazardous . •
<br /> • . Subsqnce or the�nolauon of auy Bnvirm�ment�l Law. . , .
<br /> � 18. CONDEIVINATION.Tnutor wi1!give Bene6ciary prompt nodce af any pemtiag or threatene.l action;by priw.s:oipubl�c _�. .
<br /> ' � entities to p:uchase ur take auy or all of tl�e Propeny tl�rouglrcundeuinati�n,e�nent domain.or a�iy other mears.TnuWr
<br /> � authorizes73enefic'�y to intervei�e in Tn�stoi's mn.:ne m any of the abov�ctescribe�l acaurs or claims. Trustor assigns to .
<br /> � Benefsciary th=pruceects uf any award or claim fnr clan�ges wnnectrcl�vit6 a eanclemn:idon�ur uther takiug of all or any � .
<br /> ,;��: � � part of the Property. Sucti proceecls.shall be con�ictetecl pn}rnie�ts airJ will be appli�! as provided in tlris Security .
<br /> . Ii�saumeut.7'his aas�gnment af p'rac�rcls i:�subjrct to die t.nns ot any prioi mortgage.dced of trust,s�curiry agreement or
<br /> ocher lien document.
<br /> ' � 19. II�JSL�•AI�Ci..Tr,utor�i:ell!cs�Ptop:ny.�:�.::e�t::�r�i:zst!u�,by iire.�oad,thsft sad oWer lu�z:�rds ancY risks reasonably .
<br />� • �:�:Saciated tvith d�e Property due to iu typ�anil loc:tnon. TL•�s inscrLU�siw]1 be maiataiaal in the amonnts and for the . •
<br /> ' " � periods d�at Beneflciary rec�ulrrs. 1�e i�ran:e carrier pmviding cl�e in'swapee sl�ail be chosen by Trnstor subject to
<br /> � Beveficiary's'apprwal. vrhicb shall aot he unteasonably wiP�held. �If Ttustor fxits to maiutaiu thr coverage des�ribed
<br /> :`:�•+ ' ahove.BeneficI•uy may.at Beneficlary's option.obtain cbvera�e ta protect Beueftciary's rights in the Property according .
<br /> - , so the terms of tius Srcurity t�vment.
<br /> ;T,, '
<br /> "�� � Al}insurancepolicies a�id rettetivals shnll be acccp table tu Bereficixry.uid shall iuclude u stanclard "mart�;age clause" :►nd, :
<br /> ti-�. , ' where applicable. "loss payee clause." Tnist:�r slli�ll immediatel�+nrniFy Beneficiary of ca��ceUation or temiinauon of the •
<br /> . , iasucance. Beueficiary shall l�ave the ritht ta lwl� tl�� Fo:icies �nd �en��+rnls. lf Beneficiary rryuires, Trustor sh�11 �
<br /> ' immediately �ive to Benefic�ary all receints of paid premmms :wd renecral iiotices. Up��n loss. Trusror sl�a1F give ,
<br /> �•.�' � imn�ediate noace to the inti��rr.tu:e carrier and f3eneficiary. B:»eticiary�n:�y m�ke proof of lo�r if nue n�ac!e immedlatrly by _ .
<br /> -,-,:t Tn�stur. �
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