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<br /> I . In the event of Bo��wor's fa�ilu�B :
<br /> � to pgr oraa any o e covenants herein or mako anY paYmen T
<br /> � required heroby, or if AnY �Q fects Lender a irei�erest�in dthe
<br /> commQnced �hialz materially
<br /> I Property, Lender may in i�c� own diac�cetion, Inut without
<br /> 1 ob13gation to do so, and without notiae to °obli ationupdo
<br /> Horxower, and wi�hout re1easing Borrower from any
<br /> � any aat whiah the Borrower has agraed but failed to o and may
<br /> also do any o�her act it d1�ediatel8y�upon de�and thereforer�by
<br /> � hereof. Borrower shall,
<br /> Lendar, pay the Lender all costs and expensea incurred and sums
<br /> exponded by Lender in conneotion with tFie exercise by Lender of �
<br /> the Porego3n riqh�s, toqether with interest thereon at the rate �
<br /> , provided in �he -Note, which shall be added to the �ndebtedness
<br /> aeeured hereby. Lender ahall not incur any liability because of
<br /> � anything i� may do or omit to do hexeunder. - ;���'
<br /> '' S. Ha�}� M�►�4��-�• Borrower c�hall keep the Property �
<br /> aws, ..,:n_ .
<br /> � in conplianca cr mny ana all Eederal s'tate and lie�e o to ,. ,��,'�w-
<br /> ordinances and regulat3ons relating to �ndustrial hyg _ , _
<br /> � environinental conditions an, under or ound water�condi�io s: � '' �"��_=�
<br /> inaluding, but not limite e�gr►ate i manufacture, store or dispose «��. :`_
<br /> � Borrower shall no� use, g
<br /> of on, under or about the Property or trans o�t to or from the �_
<br /> Property any oactive materials,
<br /> f lammable exp7osives, rad
<br /> hazardous wastea, toxic subatanceasubatanaesa defin�d eaBalo� �
<br /> � ; inaluding, withou� limitation,�� a=�Y
<br /> included in �he definition of hazardous substanaes' , hazar dou g �;
<br /> ' wastes" "hazardous materials" or "toxia subatancas" under any •.��.'
<br /> applica�le lawa, ordinancea ox regulations (colleatively- ` �
<br /> referred to herein-after as "Hazardoua Mat�rials"�. Borrower *
<br /> _ � � hereby warrants and represents to Lender tha� t .ere axe no
<br /> __ _ I . e } p vrenerty. Borrower hareby _ 1 � �'�
<br /> Hazardous iriacer�a�n �� a:. un�..r h- -
<br /> a rees to indemnify and hold harmless-�Lender, its ciir�ctors, ;
<br /> o�ficers, employees and agents, and any sucoessors to Lender's .;'�'
<br /> interest frem and against any and all claims, damages and �
<br /> liabilit��s �xisinq in connecfiion with the presence, use,
<br /> storaqe disposal or transport of any Haza�dous Materials on, i. .�
<br /> under �rom or about the Property, including, without li=nitation,
<br /> � -� (a) a�l damages directly or 3ndireatly axiaing out of the uee, � ' ��� ;
<br /> y genera�ion, storaqe or dispoeal of Hazardous Materials b � �_��` ` ,
<br /> � �� Aorrower or any prior owner or �pg ecessa g t repair er cZean p �o� ��',
<br /> � all aoets of any required or n x`Y
<br /> detoxif ication snd the preparation vf any closure or otYier ��
<br /> � � requ ired plans whether such action is rer�uired or necessary
<br /> L �ior ta or fo�lowing transfer ri f isitat�i}�utable�p directly tor G�- ��� ,
<br /> , �. �ull extent that such actio •�,r�r" J
<br /> indirectly, to the presence ar uae, generation, storage release, - .5,,.�_v:-
<br /> t2ireatened x•elegse or disposal of Hazardous Mate,ria�s b any �:;,o;.�=- .�
<br /> � r3or to tranafar of title there�o by �--�
<br /> person on the Property p '��=����__�W�_�
<br /> Lender. The foreqoinq warranties and representation�� nnd �_,.,s�,:.
<br /> �� � Sorrower's obligations pursuant to the foreqoing indemnit ahall �=°T- _ _.
<br /> •�>r::,•�;
<br /> ,, survive repayment of the No�e and the reconveyanae of �s Deed ��'- ._
<br /> �° of Truat. �,��''
<br /> . t . As :;._ _
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<br /> *-� additional secur x ereun er, orrower ere y ass gns o Lender _. - , -.—..=.-
<br /> " the rentso igsues and profits of the Property, provi3ed that �3���!�rt�??�
<br /> ' Barxow�r ahall, p
<br /> rior to acceleration under paragraph 11 hereof ��, �.,
<br /> � or abandonment of the Property, have tha zight to collect and ,' � .�'�
<br /> retain such rent�, issues and prof its as they become due and
<br /> � payable. Upon acceleration or abandonnaent of the Pro erty . .
<br /> Lender may, either in person or by agent, with or w�thou�
<br /> bringing any action or proceeding, or by a receiver ap�ointed by
<br /> ' a court and without rQqa�d to the adequacy vf its aecur ity, ent r
<br /> u on and take possession of the progert , or any part tihereof �n ,
<br /> � rus ee, and do any acts w�iich
<br /> � i�s own name ox in the namQ of th T
<br /> it deemB necessary or desirable to preserve the value .
<br /> marketabilit or ren�abilease thehinco�neetharefro�mnorpp�rot8ctrthe �
<br /> or interest �herein incr ossess3on of the
<br /> security hereof anc�i, with or wi�hout taking p
<br /> j Pro erty, sue for or otherwiae collect the renta isaues and
<br /> ro�its thereof, including those past due and unpa�d, and aL�ply
<br /> �he same, less coets and expenses of o�er ati oa aoaurQd1heYebv.
<br /> i including attornays� =ees, upvn a,�Y t,��o...~..�....--- -- - - ----__ -_-
<br /> all in such order as Lender may determine. The entering upon and
<br /> . taking possession of the Property the colleGtion of such rents,
<br /> iasues and prof its and the app�icat3on thereof as afor�said
<br /> ahall not cure or waive an default or notice of defaul�
<br /> hareunder or invalida�e any ac� done in xesponse to suah default
<br /> or urauan� to such notice of defac�lt and• or thee colloc�ione
<br /> I con�inuance ir. possessxon of the Property
<br /> receipt and app 13cation of rents, issues or profits, and Trustee
<br /> � indany of the 1Loan Instrulments orebyi law Vu on roccurpencedaf any
<br /> - , Event of Default, includin , without l�mi�ation, the right to
<br /> `� remedies under �hisrparaqraphe9 �halltbercumulativeBwithghand ind
<br /> � 3�PaRe 3 �'�;��
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