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<br /> � . execut�d for the purpose of creating.securing or guarantying the Secured Debt.A good faith belief by Lender ihat .
<br /> � , ' Lender at any time is uFSCCUre with respect to any person or entity obligated�n the Secured Debt or that the prospect . � �
<br /> ' • of any payment or the va!¢e of the Property is impaired shall also constitute an event of default � � �
<br /> . . � 15 REMEDIES ON DEF�►ULT.In some instances,federal and state law will require Lender to provide Gtantor with '
<br /> . . , notice of the right to ctue or'other noaces and may establish timc schcdules for foreciosure actions.Subject to these .' `
<br /> ' � t � . limitations,if any. Lender may accelerate the Secured Debt and foreclose this Security instrument in a manaer �"�.� << ` ` <<
<br /> _ � ' � provided by law if Grantor is in default. . •,`,�`�•�<
<br /> - - � �.. At the option of Lender.all or any part of the agreed fees ar►d charges,accrue�interesi and principal shall become .
<br /> ,. _ -•- immediately due and payable,after giving Rotice if requirEd by law,upon the occurrence of a default or anytime ' � ` .
<br /> � . ' `°'r`�� thereafter. In addition.Leader shall be entitled to atl the rcmedies provided by law,the ternu of the Secured Debt, '� 1-,.�"` , " �
<br /> _� -_ this Secnrity IaStrumet�t and any relaied docwnents,utciuding without limitation,ttte power to se!!the T'roperty. _ F,
<br /> ; � If there is a defauIt,Tn�stee shall,in addition to any ot6er permitted remedy,at the reyuest of tlie Lender,advertise •:•,-� _
<br /> and sell dic Property as a whUte or in separate parceLs at public auction to the highest bidder for cash and convey
<br /> . ', absotute titte free and clear of afl rigttt,title and interest of Grantor at such time and place as Tnistee designates. � ,
<br />. - , ' TrtL�tee�hall give rtotice of sate including the time,terms and place of sale and a description of ihe property io be sold �,� �
<br /> as required by the applicable taw in effect at the time of ttte proposed sale. ` r :.•. ,_;-
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<br /> .:,� ` Upon sale of the property and to the extent not pmhibited by law.Trustee shaU make and deGver a deed to the Property :- • �.----
<br /> �• sotd wbich conveys absolute title to the purchaser,and after first paying all fees,charges artd costs,sdail pay to Lender aIl �,�t_�,, .';:�,==-_
<br /> • , moneys advanced for repairs,taxes,insurance,liens,assessments and prior enc�imbraaces and interest thereon,and the .
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