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<br /> � ex�cutra tor tne purpv�co«...a::::�.�--�==^•;' """"^�vina �h�• Srcurrd Deht. A eoud faith helief by [xndcr that � ' " � _ _ _ �-`.
<br /> , � ixnder at any time is insecure with respect to any�nun or cntity uhligated u»th4�ecurrd Deht or that the pruspec� , , y _,-,�.
<br />� . � uf any payment or the valuc of the Property is impaind,hall alsu runstitut�an rcrnt uf default. ; i
<br /> , , 15. REMEDIES UN DL�FAUI.T.ln sume instancc�,federal and statr law will rcyuirc Lender to proviJe Grantor with
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<br /> � � nutice of thc right to cure or other nutices and may e.stablish timc s�hedulrs tot f<�rccicnurr actions.Subj��ct to these
<br /> ; � limitauons, it any.Lender may accrlerxte thr SecurrJ Drbt and torcclusc this Security Instrument in a manncr , _-
<br /> provided by law if Grantor is in default.
<br /> - ' At the optiurt of L.ender,all or any pari uf thr agreed tees and char�rti,accrued intcrrst and principat shall brrome + �—`
<br />_- immediately duc and payable,after giving nutiec if rrquircd by law. upc�n thc occurrence of a defaalt or anytime _ ___ _ __�
<br /> thereaftrr. [n additinn. Lendrr shali he entid�J tu aU thc rcmedies procidcd by law.thc term��f thc Securc�i Debt.
<br /> this Security Instrament and any relatcd documents,induding�vit hout limitation,t he puwr r to se l l t h e Pro pert y. : .�
<br /> If thrre is a defaul�Trustee shalt,in addition te�any other permitted remedy.at the request c�f the Lender.advertisr . ., �� _
<br /> ' and setl the Property as a whole c�r in separate parcels at public auction to thr highest hiddcr for cash and cunvey � � _ ;_.�_
<br /> � � absolute title free and clear of all right,title and interest of Grantor at such time and placc as Trustrr designat��s. ,. � „{
<br /> " 7'rustee shall gi�e notice of sale including the time.tcrrtu and place of sale and a dc�scri�tiun uf the property to he sold . ��� _
<br /> as required ny the applicable law in effect at the time of the propost:d sate. • ;,�•.•
<br /> � Upon sale of the property and to the extent not prohibited by law,TnLStee shall make and drli.er a deed to the Prop�rty _.,�...�j Y,_r,�
<br /> , "' sold which convey�ahsolute title to the purchaser,and aftcr first paying all fe��s,chargcs and costs.�hall pay lo L.ender all •••� ..s°�::.
<br /> ' :.. ".r.�.�k
<br /> mone}s advance.d for repairs,taxes,insurance.tiens,aas��ssmems and prior tncumbrances and interest therwn.and the r:. •{;;��YT-�'
<br /> � principal and interest on thc Secured Debt,paying thc surplus,if any.to Grantor. Lender may purchase thc Property. �..;=_�__-•��
<br /> • The recitals in any deed of conveyance shall be prima[acie evidence of the facts sc:t fe�rth therein. , , __
<br /> Al!remedies are distinct.eumulative and not exclusive,and the Lender is entitled to all remedies provided at law or •��r�_1'•�. ,;� �
<br /> equity,whether or not expressly set forth.The acccptancc by Lxnder of any sum in payment or partial payment on the -.-;-`�--�-�.R=-,�
<br /> Secured Debt after the balance is due or is acceterated or atter foreclosure proceedings are filed shall rtot constitute a �� � �.���
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<br /> '� waiver of Lender's right to require complete cure of an c.xistin default.By not exercising any remedy on Grantor s
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<br /> default.Lendcr does not waive Lender s nght to later consider the event a default if it continues or happens again. ---_
<br /> 16. EXPENSES9 ADVANCES ON COVENAN'1'S;ATI'ORNEYS' FEES;COLLE(°f10N COSTS. Except when � �, r:�i-'•�_�
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<br /> prohibited by law,Grantur agrees to pay all of Lender s expenses if Grantar breaches any covenani in this Sccurity ,:,,,;., . �
<br /> Instrument.Grantor wiU also pay on demand any amaunt incurred by Lender for insuring,inspecting,preserving or • ..�,,.# �� �'f. �_
<br /> ' otherwise protecting the Property and L.ender's security interest.These expenses will bear interest(rom the date of f; �E� -�
<br /> : :.'. � �
<br /> . the a ment until paid in fall at the highest interc-�t rate in effect as proe3ded in the term�of the Seeured Debt. ��t,.;j <-.'-
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<br /> Grantor agrees to pay all costs and expenses incurred by Lender in collectx��,enforcing or protecting Lender's rights ,:��y.;:, r ,.,�;:: �c..
<br /> and remedies under this Security Instrument.This amount may include,bu:�s not limited to,attomeys' fees, court ',���.l�;s;}:i : �
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<br /> costs,and other legal expenses.This Security Instrument shall remain in effect until released.Grantor agrees to pay ' � „.;;,-
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<br /> , for any recordation costs of such re(ease. '�ld`-'�� ��""����`�� �`"�`
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<br /> 1T. ENVIRONMENTAL LEl6VS AND HAZAItD�Q1S SUBSTANCES.As used in this section,(1)Environmental Law �;i;• f�'".�:'�%���; __
<br /> � � means,without limitation,t'�e Comprehensive Environmental Response,Carn�ensation and Liability Act(CERCLA. �f 4`� `;�%-'%�:`:,�`
<br /> 4 2 U.S.C.9 6 0 1 e t s e q.).a n d all o2�her federal, state and local laws, regulatio:�s, ordinances,court ore�ers,attorney ,s:��.;.; �',�;:
<br /> .•i,'; :�.. -
<br /> ' general opinions or interpretive Ietters concerning the pu�i�ac health,safety.welfare,environment or a hazardoy�5 ;,,�„� .:..,,,y y,
<br /> � substance:and (Z)Hazardous Substance means any toxic,rac:oactive or hazardous material, waste,pollutant e� . ��.,S''•i.
<br /> c�ntaminant which has ch2racteristics which rr�der the�uh�tance daneerous or potentially dangerous to the public _ 4��.__
<br /> . health,safety,weffare or environment.l'he term includes,without timitation,any substances defined as"hazardous �__��
<br /> material:"'toxic substances;"'hazardous waste"or"hazardous substance"under any Environmental�a:v. •'�':� � .r�
<br /> � '�n�ev,� , , _
<br /> , �, Grantor represents,wartants and agrees tha� . ��s�►,..� �
<br /> ; ,k�r�� A. Except as previously disclosed and acknowtedged in writing to Lender,no Hazardous Substance is or wi;l be . -�� r �
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<br /> ,;,, located.stored c�r released on ar in the Property. This restriction does not apply to smat! �uantities of �_ :
<br /> •�'�",� Hazardous Su�nces that are generally r�.s�ognized to be appropriate for the normal use an�r:=�ntenance of �;:.-.�,,
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<br /> �%�,�>' the Property. � �
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<br /> � B. Except as prevcausly disclosed and acknowledged in writing to Lender.Grantor and every tenam!�=_ti e been,are, %•••� �{��:.'.�
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<br /> ' 1��:' and shall remain in full compliance with any applicable Environmental Law. �._
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<br /> C. Grantor shaU Qmmediately natify Lender iF a release ar threatened release of a Hazardous Substance oocuis�="•. '.
<br /> under or abm�s the Property or there is a v�olation of any Environmens�!I.a�v conceming the Property.In such ;.'�`"'s"' '""�� �_��-
<br /> a n ev e n�GraRator shall take all necessary remedial action in accorda�ece zcith any Environmental Law. �'i��(;�"'.�:.. . �.
<br /> ' ntor shat� immcdiateiv eeotify Lender in writiag as soon as Grantor has r�ason to be lieve t here is any •.��'Y 1',: .;�';:,,,��'
<br /> D. Gra . �' .
<br /> � pee�ding or threatened inves�igation,ciaim.or proc��-��relating to the relea�er threatened release of ar.y ,., . � .��
<br /> Haaardous Substance or the violation of any Env�rore:nental Law. t -',�� �.
<br /> � �• 18. CONDEMNATIOili.Grantor will givc Lender prompt naticc of any pending or threatencd action,by private or : i.-�°`� _.t,��,:•�,-.
<br />� public entities to purchase or take any or aD �f the Property through cond�:mnation,eminent domain,or any other ^�J_t.��:.,,..:_.,
<br /> means.Grantor authorizes Lender to intcrvene in Grantar's name in an}� �f the above described actions or claims. �
<br /> Granta�r ssigns to Lender the proc�eds of any award or claim for damages connected with a condemnation or att�:r �•: �¢;
<br /> taking ac zIl or any part of the Property.5uch proceeds sh2�FE L�e oonsidered payrttents ar.d will be appGed as provide�:� 1 �'`r.'• —
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<br /> this Security Instrur�eent.This assignment of proceeds is su?;:ct to thc tcrms of any prior mortgage,deed of tn-rs� :;..T,,;.:.u,�;„���r��,,._-_.
<br /> ��.:.... . ��,... -
<br /> ' security agreement or other lien dacument. 's'�'�"'�'� —
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<br /> � 19. INSURANCE.Grantor shall keep Property insured aga;nst loss by (ire. IIOOd,theft and other k<uards and risks :��;;;•.;..,. ;-�,: ;;4 ..
<br /> ' � reasonably associated�vith the Property due to iu type and i�zcation.This insutance shall be maintained�^the ar:o�r.s •� ,•,; .. . �.;_::.,. _
<br /> .•�r41"`. ';�:I,fii�
<br /> and!ar the periods that Lender requires.The insurance��rer providing the insurance shall be chosen by Cr�:.tor •,,;ti�;,�,,�;,,
<br /> � subject to Lender's appraval,which shaU not he unrea�anably withheld. If Grantc�r fails to maintain the cov;-,,�_ '.. ' •t;!v;S�,:
<br /> • described ahove.I.ender ma�•,at Lender's option.obtain coverage to protect I.endcr's rights in the Property acwrding �;����^-��'
<br /> • to the terms of this Security Instrument. ����!���. . -.�
<br /> // �•l,; .
<br /> All insurance policies and renewals shall he acceptahle to Lender and shall include a standard"mortgage clautie"and. �
<br /> where applicablc,"lou payce clausc."Grantor shall immediately nuti(y Lcnder of canccllatiun ur trrmination of the � - • •�. : _
<br /> insurance.l.ender shall have thc right to holJ the policics and rene�vals.lf l.�ndcr reymres.Grantor shall immediatel�
<br /> give to Lender all receipts ot paid premiums and renewal notices.llpon locc.Gramor shall give immediatc notice to • t , �-
<br /> � � the insurance carricr and l.cnder.Lender may make proof of loss if not made immcdiatcly by Grantot. . _ -
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<br /> �199!Banko�s SYS:om9�rc Sy CbiC UN p bOP337�73f+�Fom RE DT�NE B89a � -
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