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<br />,�.. , , ._ y At the op2ian of Lender,all or any part of the agreed fees and charges, accrued interest and prindpal �� : :�� ,,. :�.`
<br /> shall become immediatety due and payable,after giving notice if required 6y law,upon the occurrence -
<br /> L ` of a default ar anytime t herea#ter.ln a d d ition,Len der s ha t i b e e n t�t f e d t o a i t t h e r e m e d i e s p r o v i d e d b y - �.
<br /> ' law, the terms af the Sewred Debt, this Security Instrement and any �elated documents, induding . � Y
<br />�- .• � without�imitation,the power to sell the Property. � .. . , ° � .
<br />-�� . If there is a default,Trustee shall. in additian to any other permitted r�medy,at the request of the
<br /> �- � ` I Lender,advertise and sell the Properry as a whole ar[n separateparcets at public auctiun to the highest _ �
<br /> �� ! 6 3 d d e r for cash and conve y ahsotute title free and dear of all right,dtle and interest of Grantor at such - ;� - �
<br /> J:�, ' time aad place as Trustee designates. Trustee shall give notice o f sa le in c lu d ing t he t ime,term s a n d . _ _
<br />,<_: � • � place of sale and a dessription of the prop�rty to toe sold as required 6y the app ltcable!aw in effecE at ��. _
<br /> the time of the praposed sate. .
<br /> ��' � ' Upon sale of the property and to the extent nat prohibited by law,Trustee shall make and deliver a
<br /> i, .
<br /> _�,, � deed to the Properry sald wfiich comeys absolute tiile to the purchaser,and after fi�st paying atl fees, . va•
<br /> �-� charges artd costs, shall pay to Lender aIl moneys advanced for repairs, tax�s, Insurance, liens,
<br /> ;�_ � assessmenu and prior encumbrances and interest thereon, and the prindpal artd tnterest on the ...�
<br /> Secured Debt,paying the surpius,if any,to Grantor.Lender may purthase the Property.The recitals in , __
<br /> .�'` � • " any deed of conveyance shall be prima facie evidence of the facts set forth therein. � :'. _
<br /> �z -�� All �emedies are distinct, cumulative and not exdusive, and the Lender is enatled to all remed'ses :° ;;;�
<br /> ���.; , provided at law or equity.whether or not expressly set forth.The aaeptance by Lender of any sum in �. ____:.�:,
<br /> payment or paRial payment on the Secured Debt after the balance is due or is accele�ated or after _
<br /> ��� foreclosure proceedings are fi!ed shall not constiate a waiver of Lenders �ight to requ�re wmplete • � � � � -
<br /> -`'� cure of any existing defaul�By not exercising any remedy on Grantor's default�Lender does not waive ��`'���"
<br /> ':; , �_ ' Lender's right to later consider the event a default�f it continues or happens again. � ��=�'���=
<br /> n _.-.
<br /> ;x; , 7 6. EXPENSES; ADVANCES Ot� COVENANTS: A7TORNEYS'FEES; COLLECT�ON COSYS. Except when _ �;:�
<br /> prohibited by law, Grantor agrees to pay a�l of Lender's expenses if Grantor breaches any covenant in --.-
<br />::;� �; this Security Instrument.Grantor wiii also pay on demand any amount incuned by Lender for insuring. � �;.'�;,
<br /> s :;_ inspeccing, preserving or otherwise protecti�g the Property and lenders securlty inte�est. These ��� �.
<br /> • ex�penses witl bear i�terest from che date of the payment until paid in full at the highest interest rate in � —,,
<br /> • • effect as provided in the terms of the Secured Debt Granter agrees to pay ali costs and expenses ��-
<br /> . �:;.-�
<br /> ' ' � incurred 6y Lender in coilecting, enfordng or protechng Lender's rights and remedies under this � � �_.--_
<br /> ,,;.; � Security Instrument.This amount may include, but is not-limited to, attorneys'fees. couR cosu,and �. ; , ;� �}.
<br /> other tegal expenses.This Sewrity Instrument shall remain In effect until released. Granter agrees to .;�,�,:-
<br /> .��: ; pay for any recordation costs of such release. . -:'`r:"'
<br /> .�_.
<br /> ���% 'Y 17. EAMRONMENYA�LAWS AND HA7A@tDCUSSUBSTANCES.As used in chis sectian, (1) Environmental ;� :,;�=._�
<br /> � � Law means, without lim(tation, the Comprehensive Environmenu! Response, Compensation and : - � ='�Y'-�
<br /> � . Liabitity Acc (CERCLA 42 U.S.C. 9601 et seq.), and all other federal,state and local laws, regWations. : ''���;-�
<br /> °�� ordinances court or�ers,attorney general optnions or interp retbe letters conceming the public health,
<br /> I' • j safety,wel�are�ernironment or a hazardous substance;and(2)Hazardous Substance means any toxic. , �;��,-��-
<br /> `� � radioacctve o� hazardous material,waste, pollutant or contaminanc which has characterlstics wrhich . ''���:_
<br /> ! render the substance dangerous or potentially dangerous to the pubiic health, safety. welfare or � � ~_
<br /> �:'� � � � environment.The term includes� without limitatifln, any subsWnces defined as"hazardous materlal," . , .';��
<br /> ` �� "toxic substartces;"hazardous waste"or"hazardous substa�ce"under any Environmenwl Law. . -
<br /> , Grantor represenu,warrants and agrees that: � � ���.'
<br /> ! q, Except as prevlousty disclosed and acknowledged in writing t�o Lender,no Hazardaus Substance is �:___�`����___..� �=
<br /> or will be Iocated,stored or released on or in the Property.This restriction does not apply to smali
<br /> ��`�`�. " i quantities of Hazardous Substances that are generalty recognized to be appropriate for the .
<br /> :'`,;: � � normal use and maintenance of the Property.
<br /> � � l B. Except as previousiy disclosed and acknowledged in wNting to Lender,Grantor and every tenant � � :
<br />_ � � have been,are,and shall remain in full compUance with any appUcable Environmental Ww. . .
<br /> �,';:, , C. Grantor shali immediately notlfy Lender if a release or threatened release of a Hazardaus
<br /> z � � j Substance occurs on,under or about the Property or there is a vlolation of any Ernironmental Law �
<br /> conceming the Property. In sueh an event, Grantor shall take all netessary remed1a1 acNfln in _
<br /> � ; � accordance with any Environmental Law. . ; ....
<br /> �f D. Grantor shall immediately notify Lender i�writing as soon as Grantor has reasan to beUeve there
<br /> , is any pending or threaterted investigation, clalm, or proceeding �elating to the release or
<br /> :. • j threatened release of any Hazardous Substance or the viulation of any Errvironmental Law.
<br /> �� � 18. CONDEMNATION. Grantor will give Lender prompt notice of any pending or threatened action, 6y
<br /> � :J�� ` private or public entities to purchase or take any or all of the P►operty through condemnaUon,emiaent �
<br /> ,, , . domain, or any other means. Granto�authorizes Lender to intervene in Grantor's name in any of the
<br /> . � �
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