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<br /> cxccutcd Fur thc purp��se of rre��ting.sccuring ur �unrantyin�thc Srcurcd Ucht. A guud (�iith hclicf hy Lcndcr thut .
<br /> Lendcr z�t:iny time isinsccurc with re:spect tu any p�rsun ur c�uity��bli�;atcd ott thr Srcured Dcbt cir tha�t thc prosp��ct
<br /> of any pnymcnt or th�valuc c�f thc Property is impi�ircd shall also cunstitutc an cvcnt c�f dcfault.
<br /> 15. ltEMEQIr S ON DI'sFAULT.In sumc instunccs, fcdcrid nnd tittUc li�w will rcquirc Lcndcr tn pruvidc Cirantor with
<br /> nc�tice of the right to cure or cnher noticcs tmd may establish time schcdules fc�r furccic�sure .ictions. Subject tu thcse .
<br /> limitu�iuns, if uny. Lcn�lcr may acccl�ratc thc s��u«d n�n� a�nd fc�rrrlc,�e thiti ticcurity Instrumcni in ;� m�umcr
<br /> > pravidcd by law i(Grnnt��r is in dcfault.
<br /> At the option of C.endcr,�ill cir any part uf thc aE;rccd Fces and charges,t+ccrued interest and principal shall hecc�me
<br /> . � '''°'� immcdi.itcly duc and payable, aftcr giving noticc if rcquircd hy law, upon thc occurroncc ol'u dcfault or anytimc
<br /> '"' thcrcttftcr. In adJition, I�:ndcr shall hc cntiticd to all t hc romedics prc�vided hy la�v, thc tcrms of thc Secured[)cbt,
<br /> this Security Instrurnent and any rclatcd documcnts,including without limitation,thr pc�wer to scll thc Prc�perty.
<br /> 11'thc:re is a defnult.Trustcr shall,in�dclition to any ot her permiltcd remedy,ut thc rcqucst uf the Lcndcr,advcrtiyc
<br /> • s�nd scll thc Property as u whalc or in scparatc parcels at public aucti��n tc� thc highest hiddcr fur cash and convcy .
<br /> absolute title iree �nd clear of all right, tiQe and interest of Gruntur at such timc and placc as Trustec designates. ";'" �='•
<br /> • ; Trustce shall givc noticc of salc includin�the timc,tcrms and placc of snlc.ind n drscription of thc property tu bc suld • .�":��
<br /> � as required hy the applicable law in effect at thc time of the proposcd salc. '�'fe-_
<br /> Upon salc of the property and to the extent not prohibitcd hy la�v,Trustec shall make and dclivcr a dced to the Property �;��-`'�
<br /> � _,y---
<br /> . � sold which conveys absolute title to the purchaser,and after first paying all fecs,chargcs and costs,shall pay to I.ender all �m,.__
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<br /> moncys advanccd for repairs,taxcs, insw�ance.licns,usscssments and prior cncumbrances and intcrest thcreon,and thc __
<br /> principal and interest on thc Secured Debt,paying thc surplus,if any, to GrF�mor. Lcnder may purchasc the Yroperty. ;':•;_:�
<br /> � The recitals in any deed of comeyance shall be prima facie evidence of the[acts set forth th�rein. ;.�-_;`_
<br /> � All remcdics are distinct,cumu;ativc and not cxclusivc,and th� I.cndcr is cntittrd to all rcmedies provided at law or ��:.-:•,
<br /> equity,whether or nnt expressly set forth.The acceptanec by I.c:nder cif any sum in payment or partial payment on the _,�_;,�:�__
<br /> . � Secured Dcbt after the balance is duc or is accelerated or after forcclosurc proceedings are filed shall not constitute a �_„�,
<br /> waiver of L.ender's right to rcquirc completc cure of any existing dcfault. By not exercising any remedy on Grantor's _—�-�
<br /> ° dcfault,L.cnder docs not waive Lendcr's ri�ht to lnter considcr the event a detault if it continues or happens again. �.,,�
<br /> '` 16. EXPENSIES; ADVANCES ON COV�NANTS;ATPOQ�2NEYS' FEES; COLLECTION COSTS.Exccpt whcn =-
<br />- * prohibited by law, Grantor agrees to pay all of Lc:nder's cxpense�if Grantor brcachcs any covenant in this Sccurity t`
<br /> Instrument.Grentor will also pay on demand any amount incun•ed by Lender for insuring,inspecting,preserving or
<br /> �� otherwisc prot�ctingthc Properry and Lendcr's security intcrest.Thesc cxpenses will bear interest from the date of
<br />— - - iiie: paym�r� ar�ti! paic3 ir fu!! wt tt��hig!:�st inr,�r,_�r sa�� �� �•[f��� ac nr�vided in the terms of the Secured Debt.
<br /> Grantor agrecs to pay all costs and expenses incurred by Lender in collecting,enforcing or protecting Lender's rights
<br />• and remeclics under this Security Instrumcnt.This amount may include,hut is not limited to,attorncys' tccs,court _
<br /> wsts,and othcr legel expenses. This Security Instrutnent shall remain in etfect until released.Grantor agrces to pay _
<br />_, , for any recordation costs of such release. _
<br /> � 17. ENVIRONM�N1'AI.LAWS AND HAZARIDOUS SUDSTANCES.As uscd in this section.(1)Environmentnl Law
<br /> . meuns,without limitation,the Comprehensive Environmental Response,Compensation and Liability Act (CERCLA,
<br />��+�f��-� �-� 42 U.S.C. 9601 et seq.),and all other federal,state and local laws, regulations,ordinances,court orders,attorney
<br />�3�' •' ' • :F, • gcneral opinions or interpretive letters conccrning thc public health,safety,welfarc,environment or a hazardous
<br />+!'���'••`"" �� = substance; and(2) Ha•r.ardous Substance means any toxic, radioactive or ha•r.ardous material.wastc, pollutant or
<br />- ' � contaminant which has characteristia which render ttie substance dangerous or potentially dangerous to the public
<br />;;,�".• . , health,safety,welfarc or environment. 'The tcrm includcs, without limitation,any substances deGned as "hatardous
<br /> =-�-�°y'- � matcrial;'•'toxic substanccs;"'h�ardous wastc"or"ha•rardous substancc"undcr any Environmental Law.
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<br />?_-,..... . Grantor represents,warrants and a�rces that:
<br />,;�,��;_.•• • A. Except as previously disclosed and acknowled�cd in writing to Lendcr, no Hazardous Substance is or will be -
<br />.n:: :;•.'• =�'v located,stared or released on or in the Property. This restriction does not apply to small quantities of
<br />,_R__ r ,:,-y��lt' �, Hazardous Substanc,�s that are generally recogn'szed to be appropriate for the normal use and maintenance of
<br /> ��. •.•t;, . the Property. _ -
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<br /> ., B. Except as previously discloscd and acknowledged in writing to Lcndcr,Grantor and every tenant have heen,are,
<br />��k.'{'„`;: ''� and shaU remain in full compliancc with any applicab(c Environmental Law.
<br /> Y`;�'" C. Grantor shall immediately notify Lender if a relc�se or thrextened release of a Hazardous Substence occurs on,
<br /> .+r���"•°'2 undcr or about thc Property or there is a violation of any Environ�nental Law concernin�thc Property.In such
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<br /> �;;�-�• ��• -• an event,Grantor shall takc all necessary remedial action in accordunce with any Environmental Law.
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<br /> tis:;�',_. ?' D. Grantor shall immediatcly notify Lcndcr in writing us soon as Grantor has rcason to bclicvc thcrc is any
<br />_� pcnding or thrcutened investigation,claim,or procecding rclating to the rcleasc or threatened release of any =
<br /> � Ha•rardous Substance or the violation of any Environmental Law. ==--
<br /> x 18. CONDEMNATTON. Grantor will givc Lcnder prompt noticc of any pcnding or thrcatcncd action, by privatc or �`�-�_
<br /> .� public cntitics to purchasc or take any or all of thc Properry through conde:mnation,eminent domain, or any othcr �'
<br />= • �: : means.Grantor authorixes Lender w intervene in Grantor's name in any of the ahove described actions or claims. �"
<br /> �� # Grantor assigns to Lender the procceds of any awlyd or claim for damages connected with a condemnation or other �;z�_:�
<br /> taking of all or any part nt thc Property.Such procceds shall hc considered paymcnts and will be applied as provided in °"'��___
<br /> this Security Instrumcnt.This assignment of proceeds is subject to the terms of any prior mortgage, dced of trust, :-=-
<br /> � sccuriry agrecmcnt or othcr licn documcnL '�=�
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<br /> ' 19. INSURANCG.Grantor shall keep Property insurcd against loss by firc, flood,theft and other hazards and risks ;:.,-,�
<br /> � ' rcasonably associated w�th thc Property duc to its typc and location.This inxurancc shall bc maintaincd in thc amounts ._
<br /> :
<br /> � and for the periods that L.cnder requires.1'hc insurancc carricr providing thc insurancc shall he choscn by Grantor
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<br /> sub�ect to Lenticr s approva�, wnun sn�u noi uc un�c:aaunau�y w��������u. �� .,��,���..� �.���., �.,�....,�..,,.. . -
<br />- • dcscribcd abovc. Lcndcr may,at Lcndcr's option,obtain cuvcrAge tu prc�tcct Lcndcr's rikhts in thc Property arcnrding .
<br /> to the tcrms of this Sccurity Instrumcnt.
<br /> All insurancc policics and rencwals shall bc acccptahle to Lcndcr and sh.�ll includc.�standxrd"mortgagc cl.iusc"and.
<br /> wherc ap{�licahlr, "lass paycc clause:' (irantnr shall irnmedixtcly notify I_ender uf canccllation or termination of tlir
<br /> _ insurancc. I.cndcr shall havc thc right to hold thr policics and rencwals.If I.�ndcr rcyuires.Grantor shall immcdiatcly ,
<br /> - . givc to I,cndcr aU rcccipts ol'paid prcmiums and ren�anl notices.Upon loss,Grantor shall givc immcdiatc noticc to ,
<br /> thc insurancc rarricr and Lendcr.Lcndrr may makc proof of loss if ncit madc immediatcly by Grantor. ,
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<br /> �1884 Bonko�x Syslum�.Mc.S�CIOUE AIN�t-800397•25�i1 Form H[•OT�NE 8�9�J< '
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