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<br /> � 14. DEFAUL'Y'.Tn�stor wlll be in de(ault if any party obligatcd on thc Sccurcd Debt ta�is to makc PaYn�eni`"'h����uc. "frusior + _
<br /> the Secured pebt. A 60°ecured Debt�r th t�the pros�ect of anp payment ar
<br /> i will be in default if a breach accurs unJer the terms of this Security Instniment or an othcr document executed for t te
<br /> purposc of creatin�. securing or guaranryins .
<br /> nme ►s insccure w�th resper.t to anY person ar enti[y oblignced on the 5
<br /> the value of die PropercY�s imPaircd shall also rnnsnn�tc an event of dcfault. __
<br /> tices and may establish time schedulcs for f s�Securit Instrumentbinc a�m�anner ,
<br /> 15. R�IVIEDIFS ON DLFAUL�.o her no instances, fcderal and state �aW oireclosei h Beneficiary to pruvide Truscor wi�t► _
<br /> • � notice of the right to cure ��lerate the Secured Debt and f
<br /> limitations, if any. Beneficiary maY
<br /> � I provided by law if Trustor is in default. p
<br /> art of the a reed fees and charges. n a1n��n�n�ofpai defaulthorl ar► time '
<br /> pt the opci�n of aeneficiary, all or any p aoii� �� t�uired by IRw, upo
<br /> ;mmediately due and payable, after giving _
<br /> thereafter. In addition, Beneficiary shall be entitled to all,the remedies provided by law, the terms of the Secured e t, .
<br /> this Securiry Instrument and any relaterl documents,includ�ng without limitation.the power to seU the Properry.
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<br /> � If there is a default,Trustee ole or in sedaratc p cels athpubpi�a tct on toa elacch STru��e e des�h anTN�sha i suve
<br /> and sell the Property as a wh
<br /> citle free and clear of all right,title and mterest of Tnistor at such time an p ii—
<br /> � notice of sale including th��cim�e e tef,�e P apos�Sale�e and a description of the propeny to be sold as required by e 4 �^^,-�
<br /> applicable law in effec[at r�.,_-,.,_�
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<br /> Up�n sale of the pmpenl' and to the extent not rohibited by law,Trust�nh�m�s��h�g�e�d�S�°shall pay to Y =
<br /> s insurance, liens, assessmenu and prior encumbrancos aad interest Y
<br /> sold which conveys absolute ptle to th��urc�eer� and after first PaY g , � to Trustor. Beneficiary may '���.
<br /> ' Beneficiary all moneys advanced for rep . a � the surplus, if y.
<br /> ' themon, and the principal and interesc on the Secured Debt, p y 8 �
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<br /> • purchase the FropertY•The recitalA w 2DY d�of conveyance shall be prlma facie evtdence of the facts set forth there . -
<br /> , tance b Benef�ciary o any sum in payment or partial Payment on the
<br /> All remedies are distinct, cumulative and not eac�sive, an Y the Beneficiary is entitled ro a11 I f�1 h�i npd�nst tuce a
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<br /> �.• ' equiry. whether or not expressly set focth• "fhe P '� �
<br /> ' Secured Debt after th s righi o re uure complete cur of any etxisi ng default.pBy no lexere sing any
<br /> remedy on Trustor s
<br /> ' waiver of Beneficiary! a s ri ht to later cons�der[he event a defautt if it continues oi hapPens again.
<br /> � , defaulc.Beneficiary aoes not wa�ve Beneflciaz'Y' 8
<br /> ____ ._ _,� ,.,. c. e�-r(1RNEYS' F E E S; C O L L E C T ION COSTS. Except when
<br /> c � t6. EXP�NSFS; ADVANCES ut�i ��Z�Z"'•'T"� � , preserving or
<br /> prohibited by law.'frustor agrees to pe�d�Be�o�����byesBeneficiary fo insurin g�,���P�frQra the date of th� '
<br /> Inscmment. Trustor wiU also pay on d Y s secunry interest.These expenses will bear 1n
<br /> �'� othenvise protectin�the Propecty and Beneficiary' . ;
<br /> payment until paid in full ac the highest in�cere�st�nefic'iaryf intcollp�°buti aot l�imitedpo�tt°m Ys�' �i COU��� '"' !•
<br /> � to pa. all costs and esPens I � �s aznount may include, for an '.
<br /> �. re�ies under ttus Se�euriry ��ent shall remain ir► effe�� until released• Tcustor agrees to pay Y
<br /> � other legal expenses. Ttua Se��ty �r
<br /> recordation costs of such release. i•
<br /> � 1) Environmental Laa ; ,
<br /> 17. ENVDtUN1KENTAI' LAWS AND HAZ��US SUBSTANCFS. As used�a otn and iLiabilityty Act(CERCLA, 42
<br /> ' means, without limitadon.che ComPrehensive Environmeatal Response, Compe d ��`
<br /> U.S.C. 9601 et seq;). and�1 other federal, S�bli health,safety,welfare�env romm�t or a hazardous�sunst��Whi hdh�
<br /> � opiaions or Interpretive letters conceming the Pu .
<br />- Hazazdous Substance means anY toxic, radioacnve or hazardous �terial, ws�.ste, pollutant o
<br /> baracteristics which render the substance du►Eerous or potentially dangerous to die public health. safety. welfaze or .��—
<br /> c y
<br /> '" �' envuonment. The terw includes.without«�der an�Env rona►e tal law� � �h�ous matenal." "toxic substences." -
<br /> ^dau�rdous waste"or"hazardous substancc un Y �..
<br /> Ttustor represents,wazra°ts�d aBT��at' to small qua�tttias of Ha7ardons �_
<br /> , no Hazardons Substance is or will be
<br /> A.Excepc as pr�viously disclosed and acknowledgcd,in�,v�vr��L�B�°o�d�n�apply �
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<br /> ° . � located. storcd or nteased on or in the t�Pe��P�ate for the normal ase and�intenance of the Propexry• �:_���-
<br /> � • Substances that an BeIIC��Y�O� �in writin to Beneficlary,Trustor and every tenant have bcen,u'e, ��__,._
<br />�; g,gxcept as previonsly disclosed aad acknowledg li�ble Envronmental I.aw• ___ _ __
<br /> and shall remain in full compliance with anY apP
<br />� ' C.Tnistor s h a l l imm e d l a t el y not�{f y�Bre�is�aa (v olaclon of anyT Enviro nme tal Law�ncem g�h Prop rty. In ulch an
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