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<br /> � " E�._�:.�-�`: "�-_–_-•v.–
<br /> � � At We oprion of Lender, all or any parc of the agreetl fee.s and cbarges. accrued mteresc and principat shall oec�mc , ' • T�
<br /> immediately due and payable,after giving notice if required by law,upon the occurreucx of a defautt or anytime thereafter• ,_si�
<br /> � In addiaon, Lender shall be entifled to all the remedies provided by law, [he Sec�ued Debt, this Deed of Tnist and any . ,�. __
<br /> ; related documents including without limitation,the power to sell the Progerty. " � •
<br /> �_.
<br /> � � If there is a default,Trustee shall.in addition to any other prrmia�l remedY•at the recNest of the I.ender, advertise and sell ! T • ._
<br /> , the property as a whole or in separate parcels at public auction to the highest bidder for cash and convey absolute tifle free , . ; �
<br /> ' and ciear of all right, tide and interest of Grantor at such ume and place as 7nistee designates.Trustee shall give nfldce of , •�
<br /> .z : S����uding the rinne,tenns and place of sale and a description of the property to be sold as required by the applicabie law ,
<br /> : . 3� .
<br /> � in effect az the time of the proposed sale. j .
<br /> Upon sale of the property and to the extent not pmhibited by law,Truscee sha11 make and deliver a deed to the Praperty sold E . . � �
<br /> � which conveys absolute dtle to the purchaser, and after fust paying all fces, charges and oosts, shall pay to l.ender all _ ._ .. _ -.` _
<br /> � moneys advanced for repaus, taxes, insurance, liens, assessments and prior encumbrances aud interesc thereon, aud ihe . �.,'
<br /> , principal and interest on the Secnred Debt,PaYinS the suTPlus, if any,to Grautor. Lender may purchase the Property.'Ihe ..
<br /> recitais in any deed of conveyance sha11 be prima facie evidence of the facts set forth therein. . . .
<br /> �
<br /> ,a .
<br /> � pll�¢�ies are disdnct,cumulative and not exclusive,and the Lender is enatled to all remEdies provided at law or eguity, - = - • , - ^_,
<br /> whether e�ressly sei forth or noi.The aoceptance by Lender of any sum in PaYmeat or partial payment on the Secured Debt . ' • �-
<br /> � after the balance is due or is accelerated or after foreclosvie proceedings are filed shali not constitute a waiver of Lender's ��_�`';_�`� �
<br /> ��' right to require full and complete cure of any existing default. By not exercising any remedY on Granwr's default. Lender , � - ��
<br /> does not waive Lender's right to later consider the event a default if it continues or happens again• • �•
<br /> ' ; . . �_;—
<br /> 18.EXPENSFS;ADVANCES ON CO�IANT�;ATTORNEYS'FEES;COLLEC'fION COSTS.Except when proW'bited �;;�
<br /> � , � by law,Grantor agrees to pay all of Lender's expenses if Granwr br�aches any covenant in this Deed of Trnst.Giantor will - , �w�.�_;-,_.
<br /> • ��; aLso pay on demai►d all of Lcnder's expenses incurred in collecting,insurinS�Presenring or prot�xing the Property or ia any ' . i� .,��.
<br /> • � invenwries.audits,inspe�ions or other examinarion by Lender i�respect w the I�roPertY. Grantor agre�s w pay all costs � ,� �,
<br /> . � . ,_
<br /> ,:� and expenses incurred by Lender in enforcing or protecting Ixnder's rights and m m e d ies under this Deed of Tmst, :. • —
<br /> including,but not limited to,atturneys'fees,Paralegal fces,co�ut costs,and oiher legal expenses.Oace the Secured Debt is � �. ' ;��",�" �-�
<br /> - ` fuUy au.d finally paid,Lender agrees to release this Deed of Trust and Granwr agrees w pay for any recordation costs. All •-- '�..r'� �;'�:�•. —
<br /> . such amounts are due on demand and will bear interest from the dme of the advance at the lughest rate in effect,from time � ...T�� -'�'" �.--_
<br /> to time,as provided in the Evidence o f De bt an d as penni tt e d b y l a w. �. • � T;°:� �,-.�
<br /> ,� .. ;,.,,.; �:
<br /> 19.EI�IVIRONMENI'AL LAWS AND HAZARDOUS SUB.STANCES. As used in ttus section, (t) "Environmental Law" � • � `',' ---,
<br /> � means, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA, 42 • .
<br /> U.S.C.9601 et seq.),a11 other federal.state and locaa laws,regularions,ordinances,caun orders,attorney general oPinions �...'�°. `:? •�
<br /> ce
<br /> or interpretive letters concerning the public Lealth, safety, welfare, environment or a hazardous substance: and (2) '`i
<br /> � "Ha7aMous S�bstance" means any toxic, radioactive or hazardous material, waste, Pollutant or cont *n;n nt which has _ . �:'- � � .` .
<br /> characteristics which render the substance dangerous or potentially dangerous to the public health, safety, welfare or . ,'�` ' . : -�� ± ::�.
<br /> • environnaent. The term includes, without lirnitation, any substances defined as "hazardous material," °wxic substances," a'�Y=•_- - _.,
<br /> "hazardous aaste" or"hazardous substance" under any Environmental Law. Grantor represents, warrants and agrees tl2at. a' •
<br /> except as previously disclosed and acknowledged in writing: .- �� �'�'
<br /> �.
<br /> A. No Hazardous Substance has been,is,or will be located,transported.manufachued, ueated,refined.or handlea by , �-
<br /> any person on,under or about the Property,except in the ordinary course of busiaess and in strict comPliance with . . ...�'-�
<br /> . all applicable Environmental Law. a j•i�_,.
<br /> � B, Granwr has not and will not cause,contribute to,or permic the release of any Hazardous Substance on the Property. _ '_� '�
<br /> � • C, Grantor will immediately notify Lender if(1) a release or threateaed release of Hazardous Substance ocwrs on, �� ,��
<br /> under or about the Property or migrates or threateas to mig:ate from nearhy pmperty;or(2)there is a violatioa of _ �-�e_�.e.
<br /> .-
<br /> ,. any Environmental Laa conceming the Property.In such an event.Granwr will take all necessarY remedial actlon in _ •:..���.
<br /> accordance with Environmental Law. - , ,
<br /> ' D. Grantor has no knowledge of or reason to believe there is any pending or threatened fnvestigation, clsim, or �..,,�z;��'" ;_
<br /> proceeding of any kind relating to(1)any Ha7ardous Substaace lacated on,under or about the Property;or(2)anY .: :�r����i .�:
<br /> violation by Granwr or any tenant of any Environmental L.aw•Granwr v�+ill immedia�ely notify Lender in writing as _`.:����
<br /> ' soon as Grantor has reason to believe there is aay such pending or threatened investigation,claim,or proceeding•In --+--.1.,,�
<br /> sach an event,Lender has the right.but not the obligation, to participate in any such proceeding including the right .-.:�
<br /> to receive copies of any documents relatiag to Quch proceedings. ' .
<br /> E. Grantor and every tenant have beEn.are and shall remaia in fu11 compliance a�'ith any aPplicable Environmental Law. . .
<br /> p, There are no underground storage tanks,private dumps or open weUs located on or under the Property and no such . �.:
<br /> tank,dump or well will be added unless Lender first coaseats in writing. . , ; .
<br /> • . G. Cnantor will regularly inspecc tlie Property,monitor the activities and operations on the Property,and confiim that
<br /> a11 permits,licenses or approvals requised by any applicable Environmental I.aw are obtained and complied with. —_.
<br /> H. Cnantor will pernrit, or cause any tenant to permit. Lender or Lender's agent to enter and inspect the Property and . . �"''
<br /> review all recorda at any reasonable time to determine(1) the existeace, location and nanue of any HaTardous
<br /> ' Substance on, under or about the Property; (2)the existence. locarion, nature, and magnitude of any Hazardous � _
<br /> Substance that has been released on,under or about tfle Property;or(3)whettter or not Grantor and any tenant are in • .
<br /> compliance with applicable Environmental Law. • .
<br /> . I. Upon Lender's request and at any time,Grantor agees,ai Grantor's expense, to engage a qualified environmeatal �. .
<br /> engineer to prepare an environmental audit of the Property and to submit the results of such audit to Lender. 'Ihe � �_
<br /> choice of the eavironmental engineer who will perform s�ch audit is subject to Lender's approval.
<br /> 1. Lender has the right,but not the obligaaon,to perform any of Grantor's obligauons under this section at Grantor's • . • t:�_
<br /> expense. �
<br /> � K. As a consequence of any breach of any representation,warranty or promise made in this section, (1) Grantor wiU __
<br /> indemnify and hold Lender and Lender's successors or assigns ha�niless from and against all losses, claims, � --
<br /> � j demands. liabilities, damages. cleanup,response and remediation costs, penaldes and expenses, including witl��ut t•.
<br /> i limitatioa all costs of lidgation and attorneys' fees, which Lender and Lender's successors or assigns may sustain;
<br /> and(2)at Lender's discretion,Lender may release this Deed of Trust and in ren�m Grantor v�ill provide Lender with _
<br /> wUateral of at least equal�+alue to the Property secured by this Deed of Trust without prejudice to any of Lender's .
<br /> righu under this Deed of Trust. �
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