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<br /> lA. D�rAULT,T'rustor will he in default if any party obli�atcd on the Sccured Dcht fails to make paymcnt whcn duc.
<br /> Trustor willbe; in default if a breach occurs under ihe trrms ut tlii,Security Instrum�ntor any c�ther dacumcnt
<br /> executed Ea the purpose of creating, securing or guarantying the Secured Debt. A goud faith belief by Iicneticiary .
<br /> that Bcnefici�ry at any time is insecure with respect to any person or entity obligateJ on the Securcd DeM ur that the .
<br /> prospect of any payment or the value of the Property is impaired shall also constitute an eveni of default. :�;;,;!
<br /> • 15. Lt!?MGD�FS ON DEGAULT.In some instances, federal and statc law will rcyuirc BcneGciary tu provide Trustnr
<br /> with notiee of the right to eure or other notiees and may establish time schedules for foreclusun acUuns. SuUjcet lu , ,; ��
<br /> thesc limitaiions,if any, Beneficiary may accelerate the Secured Debt and foreclose this Securiry Instrument in �� , r��
<br /> manner proridcd by law if Trustor is in dcfault. �'
<br /> At the option of Beneficiary, all or any part of the agreed fees and charges,acerued interest and principal shaU becume •°,��.,�
<br /> immediat�lydue and payable,aher giving notice if requited by law,upon the occunence of a default or anyume thereafter. ; ry,�.,�;;r
<br /> In addition,Beneficiary shall be entitled to all die remedies provided by law,the terms of the Secured Debt,this Security ��'?`-�==
<br /> Instrtunentand any related docwnents,including without limitation,the power to sell the Properiy. _ _
<br /> If thCre i5 a�fe[ault,Trustee shall,in addition to any other pemtitted remedy, at the request ot the Beneficiary. - . _
<br /> advertise and sell the Property as a whole ar in separate parcels at public auctian to the highest bidder for cash and -
<br /> convey absolute title frce and clear of all right, title and interest of Trustor at such time and place as Trustec :
<br /> designates.Trustee shall give notice of sale including the time,terms and place of sale and a description of the
<br /> property tobe sold as required by the applicable law in effect at the time of the proposed sale.
<br /> Upon sale ot the property and to the extent not prohibited by law,Trustee shall make and deliver a deed to the PropeRy
<br /> . sold whiehconveys absolute title to the purchaser,and atter first paying all fees,charges and costs,shall pay to
<br /> • Bene6ciaryall moneys advanced for repairs,taxes, insurance,liens, assessments and prior encumbrances and interest ,_
<br /> thereon, and the pnnctpal and interest on the Secured Debt,paying the surplus,if any, to Trustor. Beneficiary may
<br /> purchase the Property.The recitals in any deed of conveyance shall be prima facie evidence of ihe facts set forth therein. _
<br /> All remedi¢s are distinct,cumulative and not exclusive,and the Bene�ciary is entitled to all remedies provided at law or _
<br /> . ' equity,wtie�her or not expressly set forth.The acceptance by Beneficiary of any sum in payment or partial payment on the
<br /> Secured �ebt after the balance is due or is accelerated or after foreclosure proceedings are filed shall not constitute a —
<br /> waivet of 9eneficiary's right to requ've complete cure of any existing default.By not exercising any remedy on Tnistor's _
<br /> ',�, defaWt,B ene�iciary does not waive Beneficiary's right to lAter consider the event a defattlt if it continues or happens again. __-
<br /> 16. EXPENSES; ADVANCES OPI COVENANTS; ATTORNF.YS' FEES; COLLGCTION COSTS.Except when ,-
<br /> prohibitedby law,7rustor agrees to pay all of Beneficiary's expenses if Trustor breaches anycovenant in this Security `"`—
<br /> ti Instrument.T'rustor will also pay on demand any amount mcurred by Bencficiary for insunng,inspecting,preserving -__ _
<br /> � or otherwise rotectin the Pro ert and Benefic�a s securit interest. These ex enses will bear interest from the '�
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<br /> `� -- — date of thepayment un ii paid ini uii at cue nighesi uryCi IC�I 1tllG Lt GffG{.I a�prov;3�3:r.ihc ic�:n�o:ttse�xured L���t.
<br /> Trustor agees to�ay all costs and expenses incuned by Beneficiary in collecting,enforcing or protecting Beneficiary's __
<br /> rip,hts and remedies under this Secunty Instrument.This amount may include,but is not hmited to,attorneys' fees, ____
<br /> court costs,andother legal expenses.This Security Instrument shall remain in effect until released.Tntstor agrees to •`_—
<br /> pay for anyrecordation costs of such release. `•'°——
<br /> ; t 1Z ENVIRONA�IENTAL LAWS AND HAZARDOUS SUBSTA�IVCES.As used in this section,(1)Environmental Law -
<br /> A
<br /> I means,witiaut limitation,the Comprehensive Environmental Response,Compensation and Liability Act(CERCLA, � �
<br /> � I 42 U.S.C.9601 et seq.),and all other federal,state and local la�vs,regulations,ordinances, court orders, attorney =
<br /> • � general opinions or interpretive letters concerning the public health,safety,welfare, environment or a hazardous _
<br /> •� : substance;and(2) Hazardous SuUstance means any toxic,radioactive or hazardous material,waste,pollutant or =°"'�`��
<br /> contaminaat which has characteristics which render the substance dangerous or potentially dangerous to the public �-
<br /> . health,safery, wclfaze or environment.The term includes,without limitation,any substancrs defined as"hazardons �
<br /> material,""�oxicsubstances,""hazardous waste"or"hazardous substance"under any Environmental Law. E-:~�°�`'�`
<br /> � '' Trustor represents,wasrants and a�rees that: _
<br /> A. Except as previously disclosed and acknowled�ed in writing to Sene6ci<u�,na Hazardous Substance is or will be _
<br /> � : l o c a t e d,s t o r e d o r r e l e a s e d o n o r i n the Pro pert y.This restriction does not a p pl y to sniall yuantities of _
<br /> ' I�ia�ardous Substances that are generally recognized to be appropriate for the normel use and ma�ntenance of
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<br /> �: theProperty. -_
<br /> • B. Except as previously disclosed and acknowledged in writing to Baneficiary,Trustor and every tenant l�ave been, ��_-
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