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<br /> ` ��.. .. S-, -a_._... _. .._....._ 't./._ ..�... _ _ _.. . ......._ _.. ._.._ . �L� . . .. ....'_' ' _' _. . . _'�y�__ .. '__
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<br /> '; ,.� g�� �����3 � � - _---- _-
<br /> executed for thr purpase of acating.securing or guaranty�ing the Secured Drbl. A gtx�d(aith hrlic[b}• I�;nd�r that
<br /> Lender at any time is insecure�vith respect to any person or entit}�obfigatrd un thr�ecurcd Debt ur that lhc pr�sspert . _,
<br /> of any payment ar the vatue of the Property is impaired shall also mnstitutr an evrnt ut default. , _ � . . ''��
<br /> 15. RElb1EDIES ON DE��lULT.In some instances,federal and state 12H will reyuirr L�nder to ptovide Gramur�vith
<br /> � � notice af the right to cure or other notices and may establish time schedul��s for furcclusurr actiuns. Subject tu thrse , . ,�
<br /> � limitations,if any,Lender may accelerate the Secured Debt and (ureclo�e this Securin• Instrument in a mannrr • _
<br /> pruvided by law if Granror is in default. ; , _
<br /> At the option of I�nder.all or anp�part of th�agreed fec�s and ehargcs,accrued intrrrst and princip�il cha{I hreome � .
<br /> -- immediately due and payablc.after giving noticr if reyuirrd by law, upun thc orturc�nc� uf a detauU ur 3nytimc �
<br />-,--..�] thereafter. In addition,Lender shall L�e entitied to all the remrdity pru�•idrd by la�t,th;;t�rm�uf thc Sccurrd Qeb� - -- ,-. - -.- --
<br /> � this Security Instrument and any related documenu,including without limitation.thr po�ver tu sell tfie Property.
<br /> �'.
<br /> If there is a default.Trustee shall,in adclition to any other permitted remed}.at thr rryu�yt uf the lAnder.advertise , -
<br /> and sell the Property as a whale or in separate parcels at puhlic auction tu the highr�t hid�ier fur cash and con�ey :- � . - • • -
<br /> absolate title iree and clear of all right,title and interest of Grantor at such time and pincr as Tru�tee designates. , _ ,..`_t`. : �
<br /> � _ Tnutee shall give notice uf sale including the time,terms and place of sale and a d��u.-riptiun oC thr property w be suld , • _ _
<br /> , as required by the applicahle lau�in effect at the tune af the proposed sate. �� '� �,��-1
<br />� Upon sale of the propem•and to the extent not p;ohibited by law,Tnutee shall make and deli��c r a deed to the Property - ��=°,_:_�;�_ _.___
<br /> • . sold which conveys absolute title to the purchaser,and after first paying aU fees,chargcs and coats,shall pa}•to Lender all � �-- ;;;r:.� -
<br /> moneys advanced for re;a�+rs,taxes,insurance,liens.assessments and prior encumbrances and interest thereon,and the . ,,-�,�"_,
<br /> , principal and interest an.��e Secured Debt,paying the surplus,if any,to Grantor.Lender may purchase the Propert}•. , +'��,�.
<br />� ' The recitals in any deed o:�..�nveyance shall be prima fzcie evidence of the facts set forth therein. 'i . F
<br /> :.��`.'Sr_....
<br /> •.���� AU remedies are distir�.-amulative and not exctusi�e,and the Lender is entitled to all remedies provided at law or � - �:`�''
<br /> ��' equity.whether or not expressly set forth.The acceptance by Lxnder of any sum in payrttent or partial payment on the ' �'�� ' -
<br /> Secured Debt after the halance is due or is accelerated or after foreclosure proceedings arr fted shall rtot constitute a , , .':'�!"' ..�
<br /> waiver of Iznder's ri t t�*fe uire com lete cure�T.[�� existin default_B not exercisin anv remed on Grantar s � �.'`�_
<br /> P� 9 P Y S Y g Y ,;. -�c-.• �
<br /> default.Lender does aot:�ive L.ender's right to IQc�e•-:.�nsider the event a default if it continuc:.or happer.s�:,_^s:n. ":.�,t':"-- �"
<br /> 16. EXPENSES•AOVAh�ES ON COVENANTS;�YTORIoIEYS' FEES;�O�.LEC�G?.:� ��OSTf�.G.�::�I when � ;,;�'�`S .���-
<br /> ,`t: n �, '"'1k�,�• .
<br /> � �� prohibited by law,Grantor agrees to pay a!I of Lender's expens��s if Grantor breaches�•�� ��•��^anl t._:_:s Secarite �;'.�.a�; ,. .�� �
<br /> � Instrument.Grantor will also pay on demand any amount incv.r�u3 by Lt:nder for insurir�T�:is;,ecKing,preserving uF :":-=f, : _ _ '?! : '
<br /> otherwise protecting the Property and Lender's security intere x.�ese expen�es wip hea•-��'erest from the date cr •_.'��f; • -'
<br /> � the payment until paid 4� full at the highest interest rate in etf�_ct as provr.�•_e in the ter.~s of the���_red Debt. s•;,., � �.
<br /> Grantor agrees to pay� :.�sts and expenses incurre�by Ler.der in collectim" �.��rcing or crotecting L�.-,:er's rights � ',"�<<�' ��; -�
<br /> ' and remedies under t::i��zcurity Instrument.Tf-il5 ::--�::*.TE:Ay�. �-.''.lde,rL*. ��zot limi!e.j.?��,attorne}s' fees,court .t.,:
<br /> •�� costs,and other legal��znses.This S=curity 6��-t.�..�:�'.:�:�:'��in in effect until relea���.Grantor agrees to pay _
<br /> forany recordation costs of such re'-rase � .•.:�� �,} �'' -
<br /> D7. ENVIRONMEiVTt�Y.�..��WS��l s��Z.�L�C•ECD�iS SUBSTANCES.As uscd in this section,(1)Enviror.mental Law _,��:.-:Y� f� `
<br /> :- y , 1 •
<br /> ' means,without limitat:on,the Comprehensive Erv�ronmental Response.Compensation and Liability A�(CERCI.A, r�. °
<br /> •, 42 U.S.C.9601 et seq.;. and aU other federal,s'-,ate and local laws,regulations, ordinances,court orders,attorney _ it�.; _
<br /> � � r general opinions or interpretive letters concerning the Public health,safety,welfare,environment or a hazardous � '��
<br /> �• . < substance;and (2) Harardous Substance means dny toxic,radioactive or hazardous material,waste,pollutant or ��j�-.�1
<br /> contaminant which lhas c9aractcristics which rendcr thc substance dangerous or potentially dangerous to the public " s=
<br /> health,safety,welfare or environmen�'fhe term includes,without limitation,any substances defined as"hazardous `"^'
<br /> - material.""toxic suhst=,uces,""hazardous waste"or"haTardous substance"under any Environmental Law. _ ?��
<br /> •• Grantor represents,warrants and agrees that: -'- �-+�°° "
<br /> , A. Except as previously disclosed and acknowledgcd in writing to Lender,no Hazardous Substance is or will be �=
<br /> located,stored or released on or in the PropeRy.This restriction does not apply to small quantities of �
<br /> t, • ' "�--lf:,'—
<br /> � • . Hazardous Substances that arc generaUy recogni•r.ed to be appropriate for the normal use and maintenance of �+=J_•
<br /> . the Property. _ -
<br /> � ' B. Except as previously disclosed and acknn�s�;:.ciged in writing to Lender.Grantor a.�d every tenant ha:z been.are, •��' °� ---
<br /> . ; ;T -Y„�,-
<br />, and shall remain in full comFG..v:ce with any applicable Environmental Law. ' ���,�`-
<br /> • � C. Grantor shall immediately nr,::y Lender if a release or threatened release of a Hazardous Substance occurs on, Y«�.�•
<br /> under or about the Property or there is a violation of any Environmental Law conceming the Property.In such � ''"''` �
<br /> � �� an event,Grantor shall take all necessary remedial aetian in accordanc�:.Nith any Environmental Law. •
<br /> D. Grantor shall im�:ediatel notif Lcnder in writin as soon as Grantor has reason to bclieve there is an � '`'��� �J�
<br /> �•.�� Y Y g Y ��..•
<br /> � pending or threatened investigation,claim,or proceeding rclating to the release or threatened release of any � ° �'•°�.• �+�_:
<br /> �:�..:----'�
<br /> ' Haz2rdous Substance or the violation of any Environmental Law. .
<br /> 18. C01VDE:P�tt1110iiA7'ION.Grantor will give I.ender prampt rtotice:of any pending or threatened action,hy private or '� `'
<br /> . 1 ,�e;'��.:,r�-;
<br /> public entities to purchase or take any or all of Fnc Property through condemnation,eminent domain,or any other . ''�'''''''_"�"�"��'_',
<br /> rtieans. Grantor authorizes Lender to intervene m Grantor's name in any of the above describcd actiuns or claims. `?Y�`"�':'''��'� ''�;.=�'�'.;
<br /> Grantor assigns to Lender the proceeds of any cv�ard or claim for damages connecied with a cundemnatian or other �`x`����•�.• �-::,>�.
<br /> � taking of all or any part of the Property.Such pror�eds shall be considered payments and will be applied as provided in ' .,, _ ._-.- �:�;.;�':;
<br /> � . this Security Instrument.This assignment of proceeds is subject to the tcrms of any priot mortgage,decd of trust. ��•"""'`"`"•''y'"R`"".''`
<br /> security agreement or other lien da�.:ment. . ' :
<br /> , ➢9. INSURANCE.Grantor shall kcc,� Property insured against loss by firc. flood, thcft and other haiards and risks � �
<br /> . reasonably associated with the Prcaerty duc to i;s rype and location.This ir�urance shall he maintained in the amounts ';"r "'''�"``':
<br /> � and for the periods that Li:nder rec;uires. The insurance carrier providin_�.:-_insurance shall be chosen by Grantor �� ,,�. .
<br /> �,�; subject to L.ender's approval, whic:-: shall not be unreasonably withheld. [C C;rantor fai's to maintain the coverage � ' �
<br /> described above.I.:;nder may,at L�::der's optian.ohtain coveragr to prolect �:der s ri�,:;;in the Pr���+erty according :
<br /> � to the terms of this Security instrumsnt. •
<br /> All insurance:policies and renewals s5ali be acc.:�'ahle to Lender and shall includr a stand�rd"mortgage clause"and. • � . . �
<br /> � where applicable."IcKti payee clau4: "Grantor shall immediately notify Lender of cancrllatiun or teRnination of the
<br /> insurance.Lender shall have the rn��� :��hold the pc�licies and renrwals. I(I xnJer reyuires,(irantor shall immediately , �
<br />. . give to L.endcr all receipt�of paid premiums and renewal notices.Upon locs,Grantor shall give immediate notice to :
<br /> the insurance carricr and Li:ndrr.I.cndcr may make pruuf of loss if not made immediately hy Grantor. ' • , _
<br /> � . � . ,
<br /> �:� '' � (paga 3 ot 4) .
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