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<br /> � 14. DETAUI.T.Trustor wiU be in default if any party obligated on the Secured Debt i ails�o make payment when due.Trustor -
<br /> will be in default if a breach occurs under the tecn�s of this Security Instrument or any other document executed for the
<br /> purpose af creatin�,securing or guarantyiag thc Secured Debt. A ood faith belief by Beae�ciary that Beneficiary st any �' .
<br /> time ls insecure wrth respect to any person or entiry obligated on t�e Secured Debt or that the prospect of any payment or "`�`�'-
<br /> the value of the Property Is impaired ahall also constitute an event of default. ..
<br /> 1S. REMEQIES ON DEFAIJI.T. In some instances, federal and stete lav� will require Beneficiary to pruvide Trustor with - r�.�.-•:
<br /> notice of the right ro cure or other rotices and may establish time schedules for foreclosure Actions. Subiect to these „ •;�?-
<br /> limitatlons, lf any, Benefictary muy nca:elernte the Sc�cured Debt und foreclose this Security lnstrument in a mnnner
<br /> .��r' provided by Inw if Trustor is in default. � ,
<br /> I At thc optlon of Bcncficltuy, ull or nny purt of the ngreed fces and charges, nccru��l inter�:st nnd principnl shnll bccame � �� ., ,• .,_-
<br /> Immcdlltely duc and puynble..nQer giving notice if rcquired by luw, upan the occturence of u det'nult or anytime •••����-_
<br /> � thcreafter. ln nddition, Bcncfic�ary abell bc cntitled to �II thc rcmedles providcd by Inw,the terms of thc Sccun�d DPbt, —
<br /> thie Sesurlty Instrumcnt iuid nny relatcd documcnte, lncluding without limit�tton,the puwcr to scil the Property. : ._ —
<br /> - If tltcrc is n default,Trust�c Rhnll, in nddition ro any other petmitted remcdy, nt thc re uest of thc BeneFiciary, advertise -
<br /> and sell thc!'roperty ns a wholc ar in scpurute parcels at public auctton to the highest bi�der for cnsh and convey absolute . _
<br /> tltle free and clear of all right, title and interest of Trustor at such tirn�end place as Trustee designates.Trustee shall give .
<br /> ; notice of sale Including the tlme,ternis end place of sale and a descdption of the properry to b�so1J as required by the
<br /> s npplicnble law in effect nt the time of the progosed sale. _
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<br /> t Upon sale of the propErty ond to the extent not prohibited by law, Tcustee shall make and deliver a decd to the Properry ,::
<br /> 1 ao]d which conveya absolute tide to the purchaser, aad after firet paying all fe�s, charges and costs. shall pay to .
<br /> � Beneficiary all moneys ndvanced for repairs, taxes, insurance. tiens, assessmeats ead pdor encumbrances and fnterest '. ---
<br /> thereon, and the principal and interest on ttte Secured Debt, paying the aucplus, if any, to Trustor. Beneficiary may � �.r_-•
<br /> purchase the Property. 'I'he recitela in any dced of conveyance shall be prlma facle evidence of the facts set forth thereln. _
<br /> ` All remedies are distinct, cumulative and not exclusive, and the Beneficiary is entitled to al!remedies provided at law or �+ :�;?h'. ; ��
<br /> equity,whetlrer or not expressly set forth.The acceptance by Heneficiary of any sum in paymeat or partial payrrjent on the ".:Y��,
<br /> Secured Debi aRer the balaace is due or is acceleratecl or after foreclosure proc�edings are filed shall not constitute a
<br /> �. waiver af Beneficiary's alght to require complete cure of any exisung defeult. By nat exercising any remedy on Trustor's r;:.'-' �
<br /> default,Beneticiary does not waive�3eneficiary's ri�ht to later consider the event a default if it continues or happens again. ;;
<br /> ______ , ��, Fxt+FNCFC; AnyArv��c (lN e'AVi�:NANTSg ATTORNEYS' FEES: COLL�CfION COSTS. Except when _. �"
<br /> �- prohibited bY law, Trustor agrees to pay all of Beneficiary's expenses if Trustor brcaches any covcnant in this Security ��
<br /> Instruntent. I'rustor will also pay on demand any amount tncurred by BeneficInry for.insuring, inspecting, preserving or -
<br /> �� othenvise protecting the Properey nnd Beneficiery's securiry interest.'Ihese eapenses will bear lnterest from the date of the -
<br /> ° � payc�ent until paid in full at the hlghest intexest rate in effect as ptovided In the terms of the Secured Debt. Trustor agrces _
<br /> to pay all costs and expenses incurred by Beneficiary In collecting, enforcing,or protecting Beneficiary's rights apd '7 �
<br /> . '' remedies under this 5ecurity Instn�ment.This amount may include.but is not limited to,attomeys' fees,court costa� and
<br /> � other legal expenses. Thie Securlty Instniment shall remain in effect until released. Trustor agrees to pay for any
<br /> recordation wsts of such release.
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<br /> ' 17. ENVIItON1ViENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (1) Environmental L,aw `
<br /> means, without limitation, the Comprehensive Environmental Response,Compensadon and Liability Act (CERCLA.. 42 _
<br /> U.S.C. 9601 et seq.), and all other federat, state and local lawe, regulations,ordinances, court orclers, attomey general — — _.
<br /> o�pinions or interpretive lettera conceming the publi�health. safety,welfare,environment or a hazardous substance;and(2)
<br /> Hazardous Substance means any toxlc. radioactive or hazerdaus materlal, weste,po llutant or contaminant which h�s ��-
<br />� characteristics which render the substnnce dangerous or potentially dengerous to the public health, safety, welfure or
<br />_��" '�`� • environment. The tema includes,without limitation,ezy substances defined as"hazardous rnaterial," "toxic substeaces," ��'
<br />-- "hazandous waste"or"hazardous substance"under any Environniental U►w.
<br /> • ' Trustor represeate,warrants and agrees that:
<br /> • . A.Except as pteviously dlsclosed and acknowledged in writin� to Beneflciary. no Heiardous SuUstance Is or w�ll be
<br />• located. stored or released on or in the Property. Thie ceatriction does not apply to small quantittes of Hazardoue
<br /> _.,, Substances that are generally recognized to be ap ropriate for We nom�al use and malntenence of the Property. == -
<br /> - H.Ex t as previously dlaclosal and acimowl�alg�in writing to Heneficiary,Tiusior end every tenant have been, are,
<br />- • � end�all retnain in full compliance with auyapplicable Eavironmental Luw. �
<br />-_ , C.Trustor shall immedintely notify Beneficlary if a rclease or threatened release of a Hazanloua Substance occurs on. _ _
<br /> ' under or about the Property or there is a violadon of any Environmental Law concerning We Prop�rty. In such an - --
<br />_' event,Tru3tor shall take nll necessary remedial action in accordance with any Envimnmental Law. '� .,,,�..,�r�;
<br />==�- „ ���i D.Trusror shall immediately notify Benefictary in wrldng es soon as Trustor has reason to believe there is any pending ��"� �
<br /> or threatened invesdgation, claim, or proceeding relating to the release or threatened release of any Hazardous �;;'����-��
<br /> • Substancs or We violation of any Environmentel Law. -- -���;�;,-
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<br /> r; 18. CONDEMNATIO�I.Trusror will give Beneficlary prompt notice of eny pendiag or threatened action,by private or public •��i, �
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<br /> _ ,� entities to purchnse or take any or all of the Property throu�h condemnation.emment domain,or any other meuns.Trustor : y,.W.,;;,'�..,:.,,, ' •" `,
<br /> authorizc�s Beaeficiary to intervene in Trustor's name in any of the above descdbed accions or claims. 1'rustor assigna to �;�:!;��.•���'�� '�"�v�".
<br />_ � ' Benefictary the proceeds of any award or claim for demages connected with a condemnation ur other taking of all or eny " � •
<br /> put of the Property. Such praceeds shxll be considered payments and will be applied as provtded in this Secuzity - � ��
<br /> , Instrument.'Rus aselgnment of proc:eeds Is subject to the ternis of any prlor niortgage,deed of trust,security agreement or � '��"��r �
<br /> otlter lten document. � �
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<br /> � Z9. INSiJRANCE.Trustor sha11 keep Pcoperty insured against lass by flre,flood,theft and other hazards and risks reazonably �. '
<br /> associated with the Property due to its type and location. This Insurance shall be maintafned In the amounts and for the �
<br /> " • . petiods that Beneficiary reguires. Tl�e Insurance canier providinp the insurance shall be chosen by Trustor subject to
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<br /> -- tsenenciary e approvai, wnun snui not oe unreasonaoiy witnneta. ti tcustor iaiie to main[ain tne wvernbe descnoed -
<br /> ai�ove, Beneflcfuy may, at Beneficiary's optlon.obtun coverage to protect Beneficinry's rig}us in the Property according
<br /> to the termg of this Sccurity Instrument.
<br /> Ail insurancepolicies and renewals shall be acceptable to Beneficiary and sliall include a standard"mortga�e clause" and,
<br /> whem appltcable, "loss payee cinuse." Trustor stiall immediately not9fy Senefictary of cancellation or tertnination of the '
<br /> , insurance. Beneficiary sl�all have the right to hold the policies and renew�ls. If Beneficiury requires, Trustor shall
<br /> _ immediately �ive to Beneficiary all receipts of pnid premiums und renewal notices. Upon loss, Trustor shall give
<br /> immediate noucc to Qie inswunce carrier and Beneficfary. Beneficiary may make proof of loss if not made immediately by
<br /> Trustor.
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