|
.'.� ,... . . /:
<br /> . �`.�.�' . . �, . ' _ . . .. .. .. � . .. .' � +.n� ~.. • .
<br /> l.�ya� r:�...
<br /> Yr r
<br /> �Mti_�.:
<br /> .. � . tr�(ff .� __
<br /> 98- ��;��t�z � =
<br /> cxccutr�l lur thr purposc of crcn�iiig,sccuring��r�uar.►ntyin�;thr tiururcd I)cht. A gi�ud f<cith hrlirf hy Lcndcr that �
<br /> Lendur.it:iny time is inse�ure with respecl tc�any penc�n ur�ntity c�hligatcd un thr SrcureJ Dcht c�r that the prospect .�: _
<br /> uf any puymcnt ur thc valuc of thc Proper�y is impaircd shall �Iso constitutc un cvcnt uf Jcfault. �,�;
<br /> 15. REMCDIES ON DEFAUI.T. In somc inst�inccs, icdcral and statc lciw will rcquirr I.endcr t��proviuc Gnintur will�
<br /> noticc uf thc right tu curr ur c�thcr noliccs and may cstablish timc schcJules tur fc�rcclosurc uctions. Subjcct to thcsc . _,_
<br /> l limitatiuns, if any, Lcndcr m�yaccrlcruc thc Sccured Dcht and forcrlosr this Sccurity [nstrumcnt in a munncr . -.___
<br /> ��rueiJ�d hy�law if Grantor is in Jcfauh. , ."_
<br /> At thc c�pti��n af Lcndcr,all c�r�ny part n(thc agrccd fccs anJ charges,accrucd intcrrst and principal shall hrcome ... •,��.,.,;Y�_ '
<br /> r-�-•'"°' immediately Jue i�nd payablc.aftur giving notic� if rcyuired hy Ixw, upon thc occurrrncc c�f a dcfault ur unytimc ,U,L�.ti,,.�,;.
<br /> ""• thcrcaCtcr. In uddition, LcnJcr shull hc entiticd tc� aU thc rcmcdics providcd hy law,thc tcrms ot thc Sccurrd Dch�. • �a,,,._._ .
<br /> this S�curity Instrumcnt and any rciatcd documents,incluJin without limitati�m,thc owur to srll thr Pru rt � ��= � .
<br /> g p Ix' Y. .':w 1�-='_,—_;---'._
<br /> •� � _,r.�
<br /> If thcre is a default,Trustec shall, in ad�iiliun lo any c>ther permitted remedy,at thr reyuest uf thc Lw:ndcr,advertise ,;=—
<br /> ��nd scll thc Prup�rty as u whc�lc i�r in scpnratc parccls al�uhlic aucti�m tu thc highest Niddcr for cash and comcy ,:�_r:�t* __ _
<br /> � absolutc titic trcc und cic�+r ut all right, tiUc and intcresl of Grantur at such time and plACC as Trustcc designalc�. �,,;;.__
<br /> t Tru.r•tc�shall give notice of xulc including thc time, terms anci place of sale anJ a dcscriptiun of thc property to he sold •ti.:`
<br /> xs rcyuircd by thc applicablc law in cftect at thc timc of thc pmposcd salc. ���_,
<br /> t LJ}x�n salc of thc property and to th�cxtc nt not prohibitcd hy l�w.Trustec shall makc and dclivcr a dced to thc Properiy ��i'=-"-
<br /> � sc�ld which convcys ahsolutc titic to thc purchascr,and aftcr first paying all fces,chargcs and costs,shall pay w Lcndrr all ��_�—
<br /> .� n9oneys advanced for repairs, tdxcs. insurancc,licns,asscsunents and priur encumhr��nces and interest thcrcon,and thc
<br /> .�.�:=::_
<br /> principal �md intcrest on thc SccureJ Debi,paying the surplus,if uny,to Grantor. Lcnder may purchasc thc Property. �,y_
<br /> Thc rccitals in any decd of convcyancc shall h�prima facic cvidcncr c�f thc t<icts sct forth thcrcin. __—_
<br /> ' All remadies arc distinet,cumulative and nc�t exclusivc,anJ the I.ender is cntiticd to all remedies providcd at law nr —
<br /> ryuity,whcthcr ur not cxpnsslysci forth.Thc accrptuncchy[.cndcr cif any sum in payment or partial paymcnt on th� --_
<br /> ' � S�cured Dcbt aitcr the bulance is ciuc or is acccicratcd or aCtcr foreclosure procccdings are filcd shall not cunstitutc a =-=�
<br /> waivcr of I.cnJcr's right to rcyuirc cc�mplctc curr of any existing default,Iiy not cxcrcising any rcmcdy un Gr�ntor's ��,.
<br /> dctault,Lcnder docs not waiv�LcrzJer's right tu latcr ccmudcr thc evcnt.�default if it continues ur happcns again. �u-
<br /> �, 16. EXPENSES; ADVANCF.S ON COV ENANTS;ATTORNEYS' FEF.S;COLLECTION COS'PS.Exccpt whcn _z��_ --
<br /> prohihited by law,Grintor a�nes to pay aU of Lander+expenses if Grantor breaches any covenant in this Security
<br /> Instrumcnt. Grintor will also pay on demand any amount incurrcd by Lcnder for insuring,inspecting,prescrving or "r�3
<br /> ,. � . uthcrwisc protccting thr Propuiy and L.cndcr's s�curity intcrest.Thesc expcnses will hear interest frnm the datc of _
<br /> r. thc pa►yment until paid in tull at thc highcst intcrest ratc in rffcct as provided in thc tcrms of thc Securcd Debt.
<br /> _ - Lirantor agrec�r�,p�y,��I r„ct c,nci exnenses ineurred t�y L,�nder in collectin�,enf��reing ar proteeting L.i;ndcr's rights
<br /> •x stnd remedies under this 3ecunty Instrumcnt.This amo�nt may include.Nut is not limited to, attorneys'fees,court
<br /> �� costs,and uther Iegal expenses.This Security Instrument shall remain in effect until released.Grantor agrees to pay
<br /> � , for any rccordation costs uf such re lcusc. �
<br /> i� • 17. ENVIRONMENTAL LAWS AIVD HA7.ARUOUS SUBSTANCES.As uscd in this�cction.(1)Environmrntal Law N
<br /> �' mcans,without limitation,thc Comprchcnsivc Envirnnmentul Rcsponsc,Compcnsation and Liability Act(CERCLA,
<br /> 42 U.S.C.9601 ct srq.), xnd all othcr fcdcrul,statc und local laws, regulations,ordinancec, court ordcrs, attorncy __
<br /> gcncral opinions ur interpretive Icttcrs concerning thc public hcalth,safcty,wclfare,environment or a harardous
<br /> substancc;and (2} Hazardous Substancc mc�ins dny toxic, radioactivr or ha•r.ardaus matcrial,wastc,pollutant ur — _
<br /> contaminant which has chi�ractcristin which rcndcr thc substancc dangcrous or potentially dangcrous to thc puhlic —
<br /> h��lth,safcty,wclfarr or cnvirnnmcnt. Thc tcrm includcs, without limitatiun,any substanccs dcCncd as"har.ardous
<br /> , material:'"toxic substanccs•," "h�•r_ardousw�stc"or"haxardc�us substance"under any Environmentxl L,aw.
<br /> . �' Grantor represcnts.warrants and tigrees that:
<br /> A. Erccpt as prcviously clisdoscd unJ acknowlcdged in writin� to Lcndcr, no Haz�rdous Suhstancc is or will bc
<br /> _� locatcd,storcd or rrluaseel an ur in thc Pro�cr�y. This restriction ducs nut apply to small quantitics of
<br /> � Ha•r.ardous Substanccs that are generally rccognir.ed to he appropriatc for thr normal usc and maintenance of __ _
<br /> thc Property.
<br /> � B. Except us previuusly disck�sed and acknowlcdgcci in writing to Lcndcr,Grantor and evcry tcnant havc hcen,arc.
<br /> ,ind shall remuin in fuil rnmplianccwith any applic�blc Environmcntal Law. ___
<br /> . '' C'. Grantor shall immcdiatcly notify I.cndcr if a rcicak c�r thrcatcncd relcasc of s+ Hazardous Substancc cxcun on.
<br /> � undcr or xbout thc Prc��xrty or t hcrc is a vic+lation of any Environmrntal Law cunccrning thc Property.In such __ _
<br /> ' an cvcnt,Grantor shall tak�.:;dl ncccssairy rcmcdial action in uccarduncc with any Environment�►l Law. -- --�
<br /> •: p. Gr.+ntur shall immcdiatcly notify l.cndcr in wri�ing as soon as Grantor has rcason to bclicvc thcrc is �{ny
<br />
|