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<br /> 14. DEI�AUI.T.'1'rustor will bc in default if any purty oblig,itcd un thc Sccin•cd 1)�hl fuils lu miik.: p�iynirn��vh�n�lu� :. ,
<br /> '1'rustc�r will hc in default if a brc:ach uccurs undcr tl�c tenns of this Sccurity I��strumcnl ur uuy uihcr durumrni
<br /> exccutcJ fur th� pw�pusc c�f cruating,sccuring ur guarantying lhc Sccuro�l l)ct�t. A guod Inith hcli�sl by li�•ncliri�uy
<br /> that 13cncficiury.it any timc is ins�curc with respcct w any person ur c�uity ohliguted un lhc Srcured 1)cl�l ur Ihui ihr
<br /> prosrcct uf uny paymcnt ur thc valuc of thc:Prop�rly is in►puircd shaU alsu consUtulc un cvcnt ul .Ic(��ull.
<br /> 15. REMEUIES ON DEFAUI.T. In somc: instances,federal und stat� la�v will require [icneficiary iu �iruvidu 'fru�tur
<br /> wi�h notic� c�f the ribht to cure or uQiur notices anJ may establish ti�nc schedules fur fureclusure+irtiun,.tiuhjcct �u �
<br /> thesc limitations, if any, Beneficiary n�ay accelerute thc Secured Dcht zind furuclusc lhis S�rurily Inslrumcm in +i
<br /> ,,,,,-� manncr pruvided by law if Trustor is in dcfault. � .
<br /> �,.,� ,
<br /> ,,,, At thc op�ion cit Beneficiury,all ur any part of the ugreed fccs unJ churgcs. accruc�l intcrest nnd��rinri��al+h:dl hcrun�r
<br /> �� inimediat�ly Jue und��yahle,aftcr giving nulia:if reyuired by luw,upun lhe uccurrc:ncc uf a dclaul� ur+u�ytimr thcre��llrr. •
<br /> !n addition,Bc:nefieiary shall he entiQed tc�all the remedics�rovided hy L•�w,thr Icrms c�f Ihc ticrur�d I)eh�, Ihi.ticruriiy
<br /> . Instrumcn►i�nd siny rclated ducuments,incluJing without limitutiun,thc��uwcr tu scll Iha i'rnp�rty. -;�
<br /> � lf thcre is u dcfault,Trustec shall,in addition to any cnhcr penniUcJ rcm�Jy, nl thc rcqu�yt of thc licnc(iriary. �'
<br /> , �:
<br /> � udvcrtisc anJ scll thc Property as a wholc ur in scparatc parccl�ai� puhlic uuctiun�u thc highcsl hi�l.lcr tur ctwh and "._ -
<br /> runvey ubsulutc ti�le: [rec �nd cicur of all right, titic and interest of'Crustor ut such time unJ ��lacc as "I'ru+tcc _.
<br /> �� de5ignutcs. Trustec shall give nc>tice of sale including th� time, terms �nd place c�f sulu und u d�:scrip�iun uf thc
<br /> �, properry�o be sc�ld as required hy the applicablt law in�f[cet ut the time of!he propc�se�i sulc. "'.'-:
<br /> 4 Upon salc of thc rrc�perty and to the cxtc:nt not prohibited by law,Trustcc shall makc and d�livcr a dcr�l In thc i'rop�rly . 'Y ��
<br /> " sold which convcys abso]ute: title to the purchaser, and ufter firs� puying all fces, churges iuid cu��s, ,huU pay tu ��'��
<br /> ;; Ilcncfici�ry aU moncys advanccd for rcpairs,tuxca,insurancc,lic:ns,asscssmcnts und prior cncumhranccs an�l intrrc,t
<br /> thercun,�md the princi�al and iiuerest on the Securc:d Deht, paying lhe surplus, if any, tu Trustor. licncfici:►ry may -
<br /> '.� purchase�he Property.�hc ncittds in any deed of conveyunce shull hr prinu+facic evidanc�uf tlu fucts set f�u�h thrrctn. --
<br /> All remedirs arc ciistinct,cumulativc anJ not exclusive,and the Hencficiary is enliticd to all romc�ics rruviacd�il law ur ,�
<br /> �� .� equity,whether ur not expressly sct fo�1h.Thc acccptunce;hy}3cneficituy uf any sum in puyment ur raruul paymcnt un Ihc -
<br /> , Sccured Debt after the balance is due or is accclerated or after funclusure prc�ccedings niv tilcd sh��ll nut cun.titutr a _
<br />_ wnivvr cif Beneficic�ry's right to reyuire complete cure;of any cxisting dcfuult.By not cxcrcising+my remcdy �m'1'rua���r', �...
<br /> def�►ult,I3ene[iciary dues not waivc Beneticiary's right to luter ecrosidcr thc cvunt u dclaul�if il cun�inuc+ur ha��penti agi�in. �„--
<br /> . 16, l�:Xl`ENSES; ADVANC�S ON CQV�I�IANT3;ATTORNEYS' F��;S;COI.I.I:C'1'IAN CQSTS.lixcc��� wh�n
<br /> prohihitcd by law,Trustor abrees tu pay all ot F3cncliciary's expcnses if'I'rustor brcachcs any cuvcnunt in Uiis Sccuri�y
<br /> ' liistrument.Trustor will nlsa pay on demand�►ny umaunt incurred by E3e:ncficiF�ry tor insuring,inspeclinb,prescrving --
<br /> • ' � ur othcrwise protecting the Yroperty and Benet�aary's security ime:rest. �i ticse e;xp�ns�s w►11 i�car�nterest �rum tii�
<br /> . d�itc�►f tl�c puyment until paid in full at the hibhest interest ralc in cffect us provided in thc tcrms of thc SccurcJ I)cht. _
<br /> ' 'I'ruste►r►igrec:s to pay all costs and expenses incurred by Bnneficiary in collecting,entorcing ur pra�tecting licncliciury'+
<br /> riE�hts und remcdi�s under this Secunty Instrument.This amount may include, but is nut limitcJ to� auurncys'fres,
<br /> ' courl custn,unJ utlier Icgal expenscs.This Sccuriry Instrument shull remain in effect until rel��seJ.7'rustur u�rcc,�u —
<br />�� , . „ pny fur imy�•ecorJatiun costs of such release.
<br />`,4, `� 17. I:NVIRONI4�I�NTAL LAWS AND HAZARDOUS SURSTANC�S.As used in this sectiun,(I)I:nvirunm�ntid I.,�w
<br />=-�-� '� ' tncnns,without limitation,the Cornprchensive Envirunmental Response,Cc�mpensution and l.iubility Act(C'IiR('I.A,
<br />`-"� ' '' q2 U.S.C.�)(�l)1 et seq.), and all other federnl, state und lacal laws, rcgulations,ordinanccs,cuurt nrJcrs, auurncy
<br /> • • ''"` �;cncn�l opinions or interpretive letters conc�rning the public health,safety,welfarc,envircmrn�nt or H huiarduus
<br /> - . yubwtuncu;und(2) Hazardous Substance means any toxic, radiouctive or hazarJous material,wa�tc, pullut�int ur
<br />��• � contuminnnt which has charactecistics which render the substane�dangerous or potentially dungerous to�he pul�lic
<br />-i�`-, . ,• � • ItenlU�, enfcty,welfnre or enviranment.Tk�e term includes,without limitation,any substances d�fned as"hazurduus
<br /> ";-r i�'1'' , »u �..
<br />=�:"__A�, ntnlerinl;"'toxic substances, hazardous wastc"or"huardous substance"under any Environmuntut I.nw.
<br />-- ""�'�i 'frustur rcpresents,�vanants and agrees that: _
<br />� �'.�';� A. E?zccpt�is previously disclosed and acknowledged in writing to Beneficiary,no}i�r.urdous Suhstancc is ar will he
<br /> -'--�:x ..
<br /> 's:;�o laci�ted,stcu•ed or releas�d un or in the Property. This restriction does not upply tu small yuantitics uf
<br />��_�;_,��,�� dlnr.urdous Substances that are generally recognued to be appropriate for the normal use:encl maintenancc of
<br /> .�pf�; thc f'roperty.
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<br /> ����;;�;� 13. l:xcepl us previously disclosed and acknowledged in writing to Beneficiary,Trustor and every te:nant huve b�un, _
<br /> =�""'��-'� ure,unJ+hull remain in full compliance with any applicable Environmental l.uw.
<br />—'f-�r:.��� C'. '1'ruslur shull immediately notify Beneficiury if a release or Ihreatened release of a Huzurdous Suhstunce occw•s
<br /> - ;;��,;;;� un,�ui�lcr ur nbuut Uic Property or thcrc is a violation of any Environme:ntal Law conccrnin6 thc f'roperry. In
<br /> _��',,�'.ri;r;° wuch un event,Trustnr shall take all necessary rtmedial aclion in accord�nce with any Environmental l.aw. —.-
<br />—.:i:zrr�!����. U, 'ftutitur shi►li immediately notify Beneficiary in writing as soun us Trustor hlis reason t��believe there is uny
<br /> ���•�iY►�� �mndin��or IhrcntcneJ investigation,claim,or prnceeding rclating to thc rcleasc ot thrcatened r�lciis�of any
<br /> '. �.°,_-.��u;
<br />�r. :.�._.... Initir�e�us Subsluncc or tlie violation of nny Environmental[.�iw,
<br /> - ;s:. IN. CI)NI)7�:MNA'I'IAN.'I'rustor wiU give BeneGciary prompt notice c>f any pcnding or thrcatenev action,by privutc ur
<br />_ , pubUc entlli�N lo purchi�sc ar tuke any or ull of the Property through condemnation,eminent domain, ar any uthcr _ ---
<br /> , nreunrt.'I'n��for nuliwri�.�x ficneticiury to intervene in Trustor's name m any uf the:bbove described actiuns or cluims. �.-----
<br /> _ .' „ , 'I'n��;tur u+si�ns 1�►lieneficiury thc prcx:ceds ot any award or claim for damagcs connected with u cvndemnutiun ur other �—�_�__:
<br /> - Iukm�uf nll��r+my pnrt uf tlic Property.Such pruceeds shall b�consiJered payments anJ wiU bc appli�d as pruviJcJ in ��=.��-___.
<br /> . thlw ticcurf�y Inslrumen�.'1'his ussignment o[proceeds is subjcct to the tenns uf any pric>r nwrtga�;c,dccd of trust, —�°• --_ - ::--
<br /> • - .r•ccurily u�;rren�rnl ur ulhcr licn documcnt. �'"-".�'`;_.
<br /> - ;,; `t�i���_z_
<br /> y 19. INlURANI'1?,'1'ru+tur sh�ill keep Prc�perty insured ugainst loss by fire, tic�ud,theft and ��thcn c�vards unJ riska ���.
<br /> �° • ` ransunnbl u�+ociulc�l wuh ihr I'n. crt due tci its t �and locatiun.'1'his insurancc shull hc maintuinc�in tl�u umounts "�,�.''"
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<br /> �;- ) _ nn�l f��r�hc���rl�idy�hm licncficii►ry rcquires:The insurance carrier proviJing the insurunce shall bc chosen hy Trustur , . ,#,y,.,
<br /> _ � .-- st�n)ect tu nenettcuiry e+upprava�, wmcn bnuu noi ue uurcasunau�y wunn�iu. 'si"i'rusior iaus w n�amaam u�C covcr�ge
<br /> dckcrlhcd uhovc, Ikncl'icit�ry ntuy,at Beneficiary's option,obtain coveragc to protecl Bencficiary's rights in thc .
<br /> I'ro��crly nccurdin!<<o thc Icnns ot'�his Sccurity Instrument. . .
<br /> . l�ll insurnncc��ulicich und renewuls shc+ll be acceptable to Beneficiary and shall include u stundard"rnortgube clausc" � • .,
<br /> nnd,�vhcrc npplicuble,"lusy puyc�cluusr."Trustor shaU immc:diatcly noti[y Beneficiary uf cancellatiasn ur terminutiun
<br /> _ ' uf Utc inwurunca licmfici�►ry nhnll luivc thc nght to hold the�olicics and renewals.lF Beneficiary nquins,Trustor shall
<br /> immediii�uly givv tn �icne(iciury iiU receipts of paid premwms and renewal notices. Upon loss,Trustor shall givc � °
<br /> immedinlc noUcu lu lhc inxurunce cnrricr and Bcneficiary. IIeneficiary may make proof of Ioss if not madc
<br /> _ inunediu�cly by'I'ru+�ur,
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