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<br /> obti on the Secared Debt fails tn matce payment when due.'Cn�stor ; ��
<br /> � ' 14. DEFAULT.Tznswr will 6e in defanit if u►y paitp Sa� nt or anp other docament executed for the � �� , `
<br /> • ' wiI!be in defanit if a breach oc,c�s under tfie�S�ns�-aml Deb�oal�elief by Be�ficiazY that Beneficiary at any �. : , . •
<br /> , ' putpose of cm�ag.s�S or� of anY P��or r " �
<br /> . the value o�f�the ProPertY �P�red shaU aLsa conn umte a�n�eventn fo defa�Debt or thu the p�osp� � ` . .
<br /> ' ' I5. RENIED�S OPI DEFAULT.Ia some uutances.federal and state law wiU requice Bes�ficiarp to provide Ttasto�with ;
<br /> ._ ,:` nt�dce of the tight to cuie er otner nouces and may establish time schedules for foreclosure actions. Subject to these F
<br /> limitadons. if any. Beneficiary may accelerate the Secured Debt and fore►:lose this Seciuity tns'uument in a manner ? , .:
<br />- ,'_�_-._ pravici�xlbylawifTrastnr�siadefault. _ .----}-,�--� ,
<br /> - At the optioa of Benefictary all ar any,put of the a�d fees and c6arges. accrued intersst and principal_stiall become ; ' , '
<br /> ' iwm�diauly due and payable, aftet �vmg uad�:e i� ceqtured by law. upon the oc�e�teims of the Secured Drfit. � ' , , .
<br /> thereafter. In addition.Beneficiary shall be enritled to alt.she remedies provided by law. . .
<br /> this Sxuriry Insuument and a�►y related dacaments.jnclndwS w�tbout limitadun.the power to sell the Property. . . ,
<br /> � If there is a default.T�ustee sha11�in addidon to asiy other pemiitted remedY.at the est�f the Beneficiary.advertise , , . � . ,
<br /> -; _ and se1!the Ptopeity as a whole ar in separate pa�els a�publ'�c auca'�ocn�1����b��ra����shallg,ve , , ` �
<br /> � � dtle fcrx and clear of ali rigbt.tide and mterest of Ttustor at such P �` �w':.��''-
<br /> � nodce of sale includiag the time. terms and Place of sale and a description of the pmperty ta be sold as requited bY the r . ti
<br /> _ . , applicable law in effixt at the rime of the proposed sale. � . ; ; '':� .�;.�'
<br /> Upon sate of the propcnY and to the extent acst profu'bited by law.'Cnutee shall make and deliver a ds�d to the Propecty �.-
<br /> snld wluch conveys absolute titde to the pua�haset.,and after fits�t paying al! fees. cliarBe���ar� � ��� . .. . �r..,;�—
<br /> ' Benefcc€ary all moneys advaaced fvr repaiis, taxes. uuvsance. lieas. assessments aad p ' `;�,�„r-:--
<br /> . , thereon. aud the principal and interest on the Secured Debt. paYinb the s�uPlas. if any. io Ttustor. BeneSciary,maY , ;.•;�A;.-
<br /> . � ' , puc�hase the Property.The recitaLs in any d.eed of comeyance shall be pnma facte evidence of the facts set forth theretn. . �-- �,�_
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<br /> � qu��i�s are distinct�cumnladve and aoc exciusive,and the Benefic'�ary is entided to all remedies provided at law or _, r�
<br /> - equity.whether or not expmssly set forth.The acceptance by Benefre.iar9 of any sum in payment or parpal PaYment on the . '�.
<br /> leiated or after foreclasure proceedings are f�ted sha11 not constitute a - :;.��;��
<br /> • � Secured Debt after the balance is due or�s acce
<br /> waiver of BeaeficiarY's right w requi�wmP�e coze of any exisdng defaul�By not execaising any�emedy on Tnuror's : .i�';,�'.:_'`:,'_i
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<br /> defanl�Heneficiary does not waive Benefic�ary's right to later consPder the event a default if it conutwes or happeas again. .. �, .,�:_;���
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<br /> � � 16. ERPENSES: ADVANCES ON COVENANTS; ATTORNEYS' �F fF•T•Srosto b�es any co rnant�in tbis�Seauity _ ,
<br /> . pro by�law Tmswr to pay ali of Beneficiary's expenses' p�e�g or S�F' '��
<br /> Ins�trumeut. Trustor wiU also pay on demand anY amount lnc�rred by Beueficiary for insuring.wspectmS•tke f ' ° �
<br /> �>.
<br /> otherwise protec6ng the Property and Beneficiary's sec�uit5+interest.These expenses will bear interest from date o the ���::• �
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<br /> . � p�aymeat until paid m fu1l at the laghesc interest rate in effecc as provided in the teims of the Secure<1 Deb�Tnuws agrees , . ;`..�._,
<br /> u, pay. all cos[s and expeases incurred bp�Benefciary in.colleMing. enfon�inS.or protecring Beneficiary's rights and .�;-
<br /> remedies under this Securixy insm�ment•Tlvs�o�c�y�►�i�ae.but is aoc limited to,�ttomeys'fees,coart costs,and . .;:�.-yk
<br /> � other te�al expeases. This Securiry Ir�aument shall remain in effect undl released. Ttastor agees w pay for any ;' :,.r;}E.
<br /> � • ' recordanon costs of such release. ' �" ,
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<br /> 17. ENVIIZONMENTAL LAWS AND HAZARDOUS SUBS'TANCFS. As wed in this secxio�, (1)Envuonmental Law . .�q,
<br /> .. means,withhout limitation,the Comprehensive Em+imnmencal ResPonse, Compensadon and Liability Act(CBRCLA,42 �-�k.�,-�;,,
<br /> .?��=�=
<br /> � .. U.S.C. 9601 et seq),and all other federal, state and local laws, regutatiom'�,ron�men oi a ha7�.ardoas'substan�and(2 � . ."' �;c�;q.-.
<br /> opinions or inteipreave lette�s concerning the public health,safery.welfaze, ,. �,,,,,•:
<br /> � • ., Ha7ardous Substance means any toxic, radioactive or hazardnus material, waste, poltntant or contaminant wluch has �.
<br /> . i chaiacteristics which render the snbstance dang?rous or potendally dangerous to the pnblic health, safetS►, welfare or . .. �±�`�
<br /> i e n v i r o m n e i u. The teim inclndes,withaut timitauon.any substances defined as °hazardous material; 'toxic sabstances," . , . :'=�
<br /> . ; °harardous waste"or'hardrdous substance°untler aay Euvironmental Law. ,'�=,:,
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<br /> ��� Trustor represents.w�urants und agrees d�at: . •' •:4_::
<br />, . . � � A.Except as previously disclosed and acknowtedged in�vritin�ta Beneficiary,no Hazardous Substance is or will be . . . �
<br /> tocated, swrecl or released on or in th�Pcoperry. Thu renru'don does not apply to small quandties of Hazardous
<br /> , . �. � Substances[hat are generally recognized to be aP �n w�ritiuor the nonnal nse and maintenance of the Properiy. ._ ,
<br /> B.Ex t as previously disclosed and ackuowledg�' g to HeneSciarp.Tsustor and every tenant dave been,are,
<br /> � 1 and�l remain in fu11 compliance with any applicabie Enrironmental Law.
<br /> { C.Trustor shall imme�tely notify Beneficiary�f a relrase ar threatened release of a Hazardous Substance occa�s an. �
<br /> � under or abwt the Property or there is a violation of any Emrironmental Law concetnln8 the Prupe�tY•In such an . ,
<br /> event,7'n�stor shall taks all necessary remedial acaon in accordance wlth anY Em+ironmenrnl Law. nding
<br /> ! D.Trustor shall immediately notify Bene&ciary in writing as soon a5 Tiustor has mason w betieve there is auy pe _
<br /> � E or threatened invesdgauon, claim. or proceediag relatins to the retease or threatened release of any Ha�ardous ,
<br /> Substance or the violation of any Emironmental Law. . .
<br /> '� ,�� � 18. CONDEMNATION.Tnutor wiil�ive Beneficiary prompt notice af any,pending or ttueatened acuon,by private or b�ic � �, .
<br /> : en ti t ies t o p u r c h a s e u r t a k e a n y o r a l l o f t h e Pco pe rt y throu g h of�en b Vend�bed cri ns or c1a��T m s tor a s s l 8 a s�t o , �
<br /> authorizes Beneficiary to intervene in Trostor's name in any
<br /> Beneficiary the praceeds uf any award or claim for dazuages wmiected�vith a condemnation or other taldng of all or any . . .
<br /> - � p,ut of thr Property. Such procerds shall be coasieiered paynienu and will be applied as provided in this Security .
<br /> • liutrument.This ass�gn►nent oF proceeds is subject to the terms of any prior mongage,deed of trust,security agreement or
<br /> ather lien document.
<br /> . � 19. QVSURANCE.Tnuwr shall keep Property i�uure�l against luss by fire,flood,theft and other h�zards:utd risks reasonably .
<br /> assnciated with the Properry ciue tu it,rype aud locati��n.This ia5urence shall he maintained in the amounts and for the
<br /> periotl� that Beneficiary teguires. Tnc tnsurance �trirr Pr�vidin+ ti�e insutancx sha11 re chusen by Trustor subJe�:t to
<br /> � Beneflciary's approvat. wluch sha11 not be unreasnnably withhel�. 1f Trusror fails to maintain the coveiage descn'bed
<br /> ahove,Benefic�ary may, at BeneficiacY's opdon.abtain coverage to protect Beneficiary's rishts in the Property accordia�
<br /> to the terms of ttus Securiry Instrument. . .
<br /> `��� Ail insurence pnlicies and renewals shall be acceptable w Hene6ciary and sl�all include a standard'mortgage clause" and. .
<br /> : ; where applicable. "loss payee clause." Trustor shali in�mediately uodfy Beneficiaryr of cancellation or terminarion of the �
<br /> + insurnnce. Beneficiary SI13II IIiIYC tFiC right m Iwld tlie polic�es anJ rene�vals. If Beneficiary requires. Trustor shall
<br /> � immediately �;ive to Beneficiary al1 rece�pa ofpa�J prenuums an� renev�al noticrs. Upop luss. Tnisror shall give
<br /> ; inmtediate uottce n�the insura�ue carrier and Beneficiary. Beneficiary may make proof of loss�f not ma e immediately by
<br /> - � Trustor.
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