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<br /> `" S��g or guar'dnty�S�e SecuFed�eb�A 800d faith belief by I.ender that , .`
<br /> . � `>.• • executed for the puipase of aeat�°8� e�p or entity ab1igated on the Secured Debt or that Ehe prospect �-`� S�
<br /> . � .:�. ect to anY P .
<br />- . - Lender at any time�s ins����� ��p����also constitute an event of default.
<br /> , • � of any payment or the value of the Prope�Y � � •
<br /> . `' REMEDIES ON QEFElIA.T.in some instanc.es.fede b�h time schedules�foreclosure acrians.Suti ct torthese ( �.
<br /> - 15.
<br /> norice of the right to c�re or o1her notices ar►d maY�s� . . .
<br /> � timitauons,if any.Lender may accelerate the Sec►ued Debt and forectose this Security Instrument in a manner :
<br />?' V_. _, provided hy law if Grantor is in default. ••
<br /> �,.� ; pt the option of Lender,all or any part of ttie a��f u i,d by law,up��ed�n'�°an of a d fault�or�anyt me , � . `
<br /> v� � unmediately due and payahte,after giving notice eq
<br /> ��•..
<br /> . � th�reafter.!n addition.I.�nder shall be e�t`tut�nuaincluding w�hau lim ta�on.thcYpo�er t��eit thc Proper�Debt.
<br /> � � this Secunty lnstrumcnt and any related d ,
<br /> � ,. ` ,. , . It there is a dcfauit.Trustee shati,in additia dte�arc•:�at puUlictaucti n�ay thc t�iRh�tut�idder fur cash artd convey �.. .
<br /> �.' and sell thc PropertY as d�vhole ur in sep P ��`•
<br /> ,. � �.• � absolute title free anJ clear of all right.ritlet�d.t t�and pla�ee ot sal�ada dc�criptionauf the p pteriy t�be sold . .
<br /> ° � ` ' 7'tustee shall g�ve noticc of sale including thc . �
<br />,`�• , s• as required by the applicable law in effect at the time of the proposed sate. �:;. �-
<br /> � Upon sate of the praperty and to the extent not prohbited by law.7�nutee shall make and deliver a deed to the PropeRy ��:;�;,.'_-
<br /> `` '. : satd which conveys absolute titte to the purchaser,and after first paying aU fees.chargc�s and rnsts.shalf pay tu l.ender all
<br /> � moneys advanced for repairs.taxes•�nsura�►cc•�tens•as��°1ents and pnor encumbrances and interest thcreon,and the ' ` ,(;_�..
<br /> ,� . a n the su lus.if any.ta Grvitor.Lender may purchase the Property.
<br /> ,� _ ' • princip a t an d i n t e r e s t o n t h e S e c u r e d Deb t,p y i g rP. _
<br /> The recstals in any deed of wnveyance shall be pnma facie ev�dence o f t he fa c t s s e t f o rt h t h e r e i n. rovided at law or _
<br />%i��• � t ` AU remedies aze distincK.cumulative and not exclus�nce bd ll.ender of an sutm n paymer.or p rtlal payment on the __
<br /> Y � .� �
<br /> s ' • r'� equity,whether or not expressly set forth.The accep y remed on Grantor s `� ±''��,
<br /> �•:.., . �:.:�; Secured Debt after the balance tis due or is e�!e of any existi g defaul�Sy not�e�e cising��Y shall y t co�titute a ' _ �.--
<br /> '� waiver of Lender s right to require camplet '; �-�
<br /> ''. � default,I.ender does not waive Lendei s rir,ht to laterATTOK1YEYS'eFEES;f COLLE(°f[N COSTS.Except when •��
<br />-t:s .,:�°}..
<br /> � 16. EXPENSES;ADVANCES ON COVENANTS+ +�.�`%
<br /> ng, eccin reserving ux s �°�' _�?°=:
<br /> .. . � , prohibited by law.Grantor agrees to pay all of I.ender's expenses if Grantor breaches an}covenan��n this Secur�ty `t_J
<br /> Instnunent Grantor will also pay on demand any amount incurced by Lender for insuri insp g.P w:t�
<br /> �,;�:.�-:
<br /> .. `' otherwise protecting the I'roperty and L.ender s secui Tate in eftect asepra eded in the terms o he Secured Deb� ;.���:
<br /> '� � ' ` �e payment until paid in full at the highest intere oT rotectin I.�nder's ngh - 'y'r,�_� :
<br /> ..._� • ,,:• . —
<br /> ail cosu and expenses incurred by l.ender in co��ecting.enforcing P g ,-.�, .�,
<br /> ' " Grantor agrees to pay �-„��_
<br /> `�� ` " and remedies under th�s Security Instrumen�This amount may include,but is not limited to,attomeys fees,couri ±y...�'
<br /> '?,:; ` • ' �osts,and other legal expenses.'This SecuritY Instrument shaU remain in effect until reteased.Grantor agrees to pay ' ....
<br /> _ .,:,;_,•N_
<br /> .';' . `-� for any recordation sosts of such release.
<br /> 1 EnvironmentalLaw .�'<�>; : �_—.
<br /> ; ;�-_
<br /> � . . 17. ENV[RONN1EN'1'AL LAWS A1VD Hh Z��O�onmBn a1�t p nse.Co pensat n and Liabil'irt orde`rs atRtom y °"�
<br /> means,without limitation.the Com� ,•—
<br /> 42 U.S.C.9601 et seq.).and ali other federal,state and local laws,regulatians,ordinances.�u ollutant or
<br /> _ � ` � .;':�' ., eneral opinions or interpretive letters concemin nthio�p cb�radioactive or haza dou5 m t rial,waste.p h�rdous �_°.,�H
<br /> � substance:and(2) Hazardous Substance means a y . ,�
<br /> � ' ' contaminant which has charactenm��"�e term ncludes,wsith uta mgtat'ton,any subscances d efined as��hazardouus , ��s:='
<br /> ' health,safety.weifare or environ � .;:�
<br /> • � � material.""toxic substances.""hazardous waste"or"hazardous substance"under any Environmental 1-aw. .(�'
<br /> � � Grantor represenu,warranu and agrees tha� :'' •
<br /> .�;., •_�. .
<br /> � . , , . A. Except as previously discloscd an�d�n thcyP operty. This restriction docs not�apply to s al quanti e�s oi ;: �' _ _
<br /> located,stared or released on :Y-P
<br /> . ' . :-;�' Ha7a�dous Substanees that are generally recognized to be appropriate for the normal use and�naintenance of r. -
<br /> -� . , ... :s - the Property. ...
<br /> ',:: �. t�_ S. Except as previously disclosed and acknowledged in writing to l.ender.Grantor and every tenant have een,are, ` .;.:
<br /> and shali rema�n in full compliana:with any applicabie Environmental Law.
<br /> C. Grantor shall immediatcly nop fy„�aq a violation of any Envi onmental Law concerni g h Properiy.In such •
<br /> �,�.-. u n d e r o r a b o u t t h e P r o p e n y
<br /> � an event.Grantor shalf�tce all necessary remedia l actian in a c c o r d a n c e w i t h a n y E n v i r o n m e n t al Law-
<br /> � , . � , D. Grantor shAll immcdiately rtotijon cla'+m,�or procecdingrclai n�to he releasc or th cat ncd relcase of any � :
<br /> ' , pending or threatened investtgati .
<br /> .,°' Ha7.�rdous Substancc�r thc v�olauon af any Environmcntal Law.
<br /> - . 18. CONDEMNATION•Granto�w�11�1Q�i all�af hc Ptoperty h ough condamna onh cm n nt doma n nur anyaothcr . .
<br /> public cntities ta purehase or .ake:any
<br /> ' . • mcan�.Grantor authorizcs Lcndcr tc�inte an�awa drortcla m for damagcs aonn ctd wi h a ca d mnation ar�rnhcr .
<br /> �'. , Gramor assigns to l.cndcr thc procceds�f y �
<br /> � ' _ takingof all or any p:+rt c�f thc Prc�perty.Such pff�ceeds isa�uhject ta theaermmof any priur m rigege,depd ofuust •
<br /> • � � this Sccur�ty lnstrumcnt.This assignmcnt of p
<br /> � � , i security agrcement or other lien ducument.
<br /> " . � 19, IN5URANCE.Grant��r shall Iceep Property in�urcd against loss by firc, fluud. theft nnd othcr h��i:�rds anJ risks
<br /> : ,• � rcasona thcJycriad.�h�+ttl ndpr rpyu rc uThc,in�ur ncc c1 rricr�pn vhJing hc�in ur ncc sh•�ll bc�choscn�hy(irantur ..
<br /> . . � and f�r p
<br /> • �ubjrcl tu Ixndcr'ti apprc�val. �t 1�n�1cr,��Pti�m ht in�c�vc•r!y�c t�Pr I��f 1�.�nd��r's r�;htx�n he Prc�perty aca rdin�;
<br /> , � dcunhcd ahovc.1�'ndcr may.� :
<br /> , ' ; tu thc tcrms of this Sccurity Instrumcnt. �;�
<br /> ;:�,, . � , All in�urancc p��licics and rencwals shall h nu�`ht�I immcdia�t�ily�n��t fy ltindcr of�can�Ilau+nni�rrtcrmin•+ti�+n��f h�
<br /> : ; whcrc applic<�hlc.'9oss paycc clausc."(�ra .
<br /> �'.`� .. � in,urance.lwnder�hall have thc right lu hold ihe pulicicY:+nd rencwak. 1f L.cnder rcyuirrti.(irantur�hall immediately
<br /> , ' givc to la:ndcr a0 ri�n�tl�'ndcrl Pndcr maY m kc pr�uf nf�k�ti if nnt�m+dc imm diatr{y�hy(irunmmcdiate noticc to
<br /> , thc insur�ncc cam�
<br /> . , • i
<br /> �� . ' • �page 3 of 4)
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<br /> `,.;__ . . -.-' . � �):-.�77Ki^�c.sSh"'mc i�c S+Gwe�AN 1�BU6J97T3f�i�ormHEDTNI dLEL91 _. .
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