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<br /> .. ��`� �ll��'�t '.. . .
<br /> � executed for the purpose ot crcating.securing or guarantying thr tiecurrd Urht. A guud faith thlief by Ixnder that ' •� � ' ��_.
<br /> i.rndcr at as�y time is insecurc weth respect to any persun ur�ntity obligated on thr 5��currd Dcht e�r that thc praspect ,_ +•.
<br /> -�- of any pzyment or the valuc;u�thc Prop:ny is impasr�d shall alsc�canstitutr an�vrnt uf dcfault. _ _ T.
<br /> 15, EtEMEDIES OM DEFAULT.la wme imtances,federal and statr law wiU reyuire I.rndrr tu providr Grantor with ,
<br /> notice of the right to cure e�r uther notices and may establish time schedulc.tur furrclu.urr actiuns.Subjcct tu thesr . 4� _
<br /> , " limitations, if any.Lendrr may acceicrate the Secured D�bt and fc�rectux th�. Srcurity lnstrument in a manner : ,
<br /> • provided by law if Grantor is in default. � � , �
<br />' At the option of Ixnder.a!!ur anr•part uf the agreed fees and rharg��.accrurJ inter�.t an.i principal�hall hemmr
<br /> immediately due and payablc. after giving nuticc�f reyuired by� la«'.uEx�n tht occunrncr ot a dcfauit ur anytime ._
<br /> thereafter. In addition.L.ender shall he entitl�d to all the remedies provided by la�e•.thr terms of the Secured Debt. , ,
<br /> ` this Security tnstrument and any relatrd documents.including without limitation,the po�cer to setl the Pruperty. _
<br /> �„ .. If there is a default.Trustee shaU.in additian to any other permitted remedy,at the rryu�st uf thr l.endcr,advertise _ . . ,._ ,
<br /> - and sell the Property as a whale or in separate parcels at public auction to the highc�t bidder fur u�►sh and convey . • .;
<br /> � ahsr�lute title free and clear of all right.tiile and mterest of Grantor at such time and plac� as Truster designates. _. ; ; ��;�� '�
<br /> ' '�_r �
<br /> • Trustee shaU give notice uf sale including the time,terms and place of s�le and a descriplion u[ihe property to be suld . , -��
<br /> ' ' as required by the applicable law in effect at the time of the proposed sale. •-� -:-; -
<br /> .�•r'.:_.:=:� -.
<br /> � Upon sale of the property and to the extent not prohibited by law.Trustee shall make and drliver a decd to the Property .. ',�;��-
<br /> sotd which c.-on�cys absalute tidc to the purchascr,and after tirst paying all fees,chargc._�and custs,shall pay to L.ender all _-:�_-
<br /> rt ; rrconeys advanoed for repaira.taxes.insurance.liens,assessmenu and prior encumhrancti�s and interest ihereon,and the i�^. �,, , , .`
<br />''" prittcipa!and interest on the Secured Debt,paying itte�urplus,if any.to Grantor. L,ender may purchase tIie�rc�perty. s. ;� ,_ .
<br /> ��` The rec�taFs bn any deed of canvevattce shall be prima Eaae e��dence of the facts set Earth therein. �� t , i�.�:��,�
<br />,.�,s::�:•, .,
<br />'s<'��X;,: All reme�i�s an:�f.�'.inct,cumeilatiLe and�nt exclusive.aftd the F..z�r�u:r is entitled to al!r�r►�cdies provided ae L,�•v�tr s�,:, .:.+�;�;Y;�}-��t;r -
<br /> '�'` E ': equity.wttet[tcr�;:�J�t exprpsly set fot'�h_1rGe acceptance�r E.rrdec�7`��n•sum in pa}�nent nr parrial paylnent�:n d�L E�; r •: ;
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<br /> _c f,��.� �. � ��6�rt� :
<br /> S��ed�eSt a:u::�..5a�a��is d�.:e e:�y�^a:Terate�ar�3�c t'vn:-c�iaaa�e proceedings ase�Fc d:�s•�!I not ceasn.aL�=a �.�c t J� °� r(i%��'•;�{
<br /> �.�ri�� . r��. t_� �:e_..�:. By nat eA�rcisin an�^=�rc.i�an t,:�:.�n!��r's � �;,. ,�����;�r� :
<br /> �,�r �_ •r.;:Y<r:,-of ixnders rigtit ta ny��.u.�. -ac�rr•:e o.;.rz ef.�� -��aca��= "= ' g - • _,: ,w /...
<br /> ��, - ;r,-,�r_c��crs `- ven t a de f a u f t i f:e�t�r,t�n u�s c•-:��-,�:���::�_` x�'
<br /> r�t�ta ��s: ��`�i:.I.ender does r.at vzs::��ci�r 5 tt� . .; s�:,;;�.::L e .. ' .,. �F� ���i
<br /> ,{�',+� r ` K4;
<br /> • yy . } �['���r*� �+�+ (� �/A�(�+ I.1 �r�, -�!��`� (,��r�(' m �+�+y� a s�`�7'�
<br />���Ff'�. LU Ir_73�LltS�+Ji 1�V19:i�t.��`�1��.�.�W%���_��'1ti a'641��✓IIL��YS� l'1'+L'StC01LII.'LI.Y��� R.7J.ril~1�:i�J�"!li��i��L'n l'fAi�.{` ! 'A--- .
<br /> ';•�.' pru.,:'�ited bg�aw.��LOC 3��'5 i�? [!3}' .>]i :i'. E.t'.��:r`�..=d=2�S�5;�Cf;'LL!(Ct fI!2^c"�..�':w 3ttV CQS��.� �r:ilr.is yecarity . -�,:'"i.� �, Tf�
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<br /> • Crr�a�,�ment.Grantar witl st�:�:�::. .�n�ur_,�n�3��ry.�.�r,�;u.��r�,-..+ST�'L�"�� :�--''iLP i `LL"'.6�. L6i:�'.�:'s..:.C�_j.�1'�4iT'i'e��OT a �l{ t�y'
<br /> f� oLi1:.r.Rse protecting the Pt���p��t wzd Lender's secu�v.r.,-ta�-ex_�h:.s. cb��r._�. �«,oear interest trneec cG�:•��:e cf F + y��.. •�.�:'; •5'
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<br />.,,..,�. �� -- �ist�v�deC� s:�:�1e terms of the Secur�at�ent. .�,;• ` ��
<br /> t�ie rsyment until paid in fulC .�: the highest interest r��-�-�.�t-� .� �� •
<br /> Grantor agrees to pay all costs and expenses incurred by Lender in cofiecting,enforcing ur�ratecting Lender's rights � �' � �:��+: �.,
<br /> and remedies under this Security Instrument.This amount may include,but is not limited to,attomeys fees,court :; .�:�.'��,�.� '.
<br /> �, �;.. cosu,and other legal expenses.This Security Instrument shall remain in effert untit released.Grantor agrees to pay +'�I�'y,�, • ''•: :�'�.�:::
<br /> for any recordation costs of such release. , i
<br /> IZ ENVIRONMEIrPI'AL LAWS ANn DfAZARDOUS SUBSTANCES.Ati uscJ in thi�scction,(1)Environmental Law _ � �
<br /> • means,without limitation,thc ComPrehcnsive Environmental Response.Compensation and Liability Act(CERCLA. 'aT�
<br />' 42 U.S.C. 9601 et seq.). and all uther federal,state and tocal laws.regulations,ardinances,court ordcrs,auorney � ,''
<br /> � general opinians or interpretive Ietters concerning the public health,safety.weliare.environment or a ha�ardaus
<br /> substance: and(2) Harardaus Substance mcans any taxic,radioactivc or haiardotts matcrial, waste,pollutant or � •
<br /> � contaminant which has characteristi�s which render the substance dangerous or potentially dangerous to the public -,�,,,-._: _�
<br /> � health,safety,welfare or emironment.The term includes,without limitation,any substancc:s defined as"hazardous �,�,
<br /> material.""toxic substances,"•'hazardous vraste"or••hazardous substance"under any Environmental Law. :_.
<br /> � �. Grantor represents.warranu and agrees that: � y`y � ~
<br /> �'��:;a.;;"� :
<br /> A. Except as previously disclosed and acknowledged in writing to l.ender,no Hazardous 5ubstance is or will be �i�-.:;.._�,,.
<br /> � �'� located,stored or released on or in the Property.This restriction does not apply to small quantities of � "�""`• _.
<br /> � Ha'rardous Substances that are generally recognized to be appropriate for the normal use and mamteoance of #�_Y,_
<br /> �.-_,_'.
<br /> the Property. —�__----.--.
<br /> . .� B. Except as previously disclosed and�y�:nowiedged in writing to Lender.Grantor and every tenant have bzen.are.
<br /> and shall remain in full complianc:wlth any applicable Environmental Law. _
<br /> • C. Grantar shall immediately notify Lender if a release ar threatened release of a Hazardous Substance occurs on, __ :_�
<br /> '. under or about the Pra�„erty or there is a violation of any Environmental Law concerning the Proper€y.gn such - _�._ -
<br /> an event,Grantar sha11 take all necessary remedial aMion in accordance wit h any Environmen ta l L aw. <��
<br /> '. D. Grantor shall immediately notify Lender in writing as soon as Grantor has reason to believe there is any ,�._ .-c-n=�'
<br /> pending or threatcned investigation.claim,or proceeding releting ta the rcicase or threatened release of any _ . _ _ _ .
<br /> Ha7ardous Substance or the violarian of any Environmenta��.a�v.
<br /> � � lg, ��:vIDEMNA710N.Grantor will give Lender prompi notice of any pending or thteatened action,b} privxte or _, • ` ;�:a:=:
<br />. public entities to purchase or take any or all of the Property through candemnation,eminent domain,or�ny other .��fz,,�3,,,��,..:,
<br /> means.Grantor authorizcs L.ender to intervenc in Grantor's nam�in any ot the above dcscribcJ actions or claims. ..:,,� '
<br /> � Grantor assigns to Lender the proceeds of any award or daim for damages connected with a rondemnation or other _ _ _`
<br /> taking of all or any part of the Property.Such procecds shall be considered payrttents and will be applied as provided in �����L��, _ _
<br /> ' ihis Security Instrument.This assignment of proceeds is subject to the terms of any prior mortgagc.Jeed of trust. _�. . � �
<br /> .� security agreement or othcr lien document. �'` `� " _
<br /> ",�;�:.
<br /> 19 INSURANCE.Grantor shall keep Praperty insurcd against loss by �re. tlood, thcft and other ha�ards and risks _ ,,�q"`
<br /> reasonabiy associated with the Property due to its type and location.This insurance shall he maintained in ihe amounts . . .
<br /> and for the periods that Lender requires.The insurance camer providing the insurance shall be chosen by Grantor , -.
<br /> subject to Lender's approval.which shall not be unteasonably withheld. lf(irantor fails to maintain the coverage ,
<br /> desetibed above.L,ender may.at Lcnder's option.obtain coverage to protect Lender's rights in the Property acmrding
<br /> � to the terms of this Security Instrument. . -
<br /> �
<br /> � All insurar.ce policies ana rcrewals s9�a11 he acceptable to Lender and shall include a standard"morigage clausc"and� Y'C��?'i�.� Mi,-;•
<br /> w4�ere apY:��h::."lo�s��:ze clause."Grcntor shall immediately notify[xndcr of canceliati�n c�r terminati�n uf thr.
<br /> G•c>_..or shall immcdiately
<br /> � - �-�s�ranee.Le.^.der shail,-a•==the right;o rold the po'.ic:es and renewals. Ii Lender rec�cir��_ ^'
<br />��;;-;,�; ;•�.;to Lender all rece;�t��i paid premiums and ren•.�al notices.lJpon loss.c.w.ecr�4�ai���e immediate r,otice tu
<br />,'���. ;��msu�c�ece carrier artd Ixnder.Lender may make pmof of(oss if r.ot made ir..-^.�diatety�hy Grantor. �:,,�iL�^'�;;�.•.' �
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<br /> p193i0ankersSh�rms�^c SI Goud.M`J It-PAo-397�23nt1 FormRE-DT�NE&&9� •
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