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<br /> - - - - .,.,c.. .�n;;w. n �,��i ��h heli��'��hat —_- _----`— _�.�
<br /> executed for the purpose of creating,securing or guacaiii�ius t.....r.��.�� •�- , ;,1�,
<br /> �• L,ender at any time is insecure wTth respect to any person or entity obligatrd un the Secured Debt or that thr pros�ect • 1;:
<br /> � of any payment or the�'alue of the Property is impaired shall also constitute an c'vent of default. . ',��
<br /> � 15. RE M E D I E S ON DEFAULT.In some instances,federal and state law will rcyuire Lender tc�provide Grantor with
<br /> notice of the right to cure or other notice:s and may establish time schedules for foreclosure actions. Subject to these =
<br /> limitations,if any. Lender may accelerate the Sccured Debt and forrclosc this Security Instrument in a manner [ —
<br /> prc�vided by law if Grantor is in default. � . � �
<br />� At the optiun of Lender.all or any part uf thc agrr�d fees and chargr..aceruc:d int�rst and principal shall Nernme 4 �' �
<br /> immediately due and payablc.atter giving notice if reyuired by law. upun the occurrence uf a default or anytime i
<br /> < `�.
<br /> thereafter.In addition.L�:nder shall be entitled to aA the remedies provided hy law.the terms of thc SecureJ Debt.
<br /> this Security Instrumcnt and any ntatcd documents,including without limitation,thc power to seli the Propc:rty. ,
<br /> If there is a default,Trustce shall,in addition to any other permitted remedy. at the rcyuest of the Lender.advertise :
<br /> � ert as a whole or in scparate percri,at puk:l:��ucc'so^!v thr highest bidder for rash and convey � ,.___ . . _ : ,:Y
<br /> and seq the Prop y �. '
<br /> absolute tide free and clear of all right,title and interest of Grantor at such time end place as Trustee designates. �' sl -
<br /> Trustee shall give noticx of sale including the time,tertns and pince of sale and a description of the property to be sold � _
<br /> • � as required by the applicable law in effect at the time of the proposed salc. � .. .,: , ."
<br /> Upon sale of the property and to the extent not p:�hibited b}•law.Trustee shall make and dcliver a dced to the Praperty : .,Y���_
<br /> �:..�=.
<br /> sold which conveys absolute title to the purchaser,an.i after ficst paying all fces,chargc.�and costs,shall pay tu Lender all ' r��4��
<br /> moneys advancr.d for repairs.taxes,in�urance.lirnsthessu rtlust if an�to Gr ntorbLcnder ay purchase�thc Pr perty _ ' ""
<br /> principal and interest on the Secured Debt,paying rp Y• . �.E� �"::•
<br /> • The rec�tals in any deed of conveyance shall be prima facie evidence of the(acts set forth th�r�in. �_;_
<br /> All remedies are distinct,cumulative and not exclusive,and the Lcnder is entitled to all remedies provided at law or ,�. • `,�
<br /> ' equity.�vhether or not expressly set forth.The acceptanc�:by Lender of any sum in paymene ur partial paymem un the � .. . . ''_,_�_
<br /> Secured Dcbt afte.r the balance is due or is aceelerated c�r after foreclosure pruceedings are Gled shall not constitute a `-d-- _,�.�: ,
<br /> ' waiver of Lender's right to require complc:tc cure of any existing default.By nut excrc�ing any remcdy on Grantur's � ;�;E .
<br /> . de(ault,Lc:nder does not waive[xnder's right to later consider the event a dcfault if it continues or happens again.
<br /> � VANC�S ON COVENANTS: ATTORNEYS' FEES;COLLEC'I70N COSTS.Exc�S..un'[n ° '�:��
<br /> 16. EXPE1dSES; AD �.F. - . . .
<br /> prohibited by law.Grantor agrecs to pay all of Lrn der's expens��i(G r a n t o r b re a c h e s a n y c o v e n a n t�n reservin i r "' _ _ ,-,°
<br /> Instrument.Grantor will also pay on demand any amount incurrrd by Lend�r(or insuring,inspecting.p g ,
<br /> otherwise protecting thc Property and Lender's securiry interest.The;sc cxpenses will bear interest from the date of �;� � ,.
<br /> � the payment until paid in fuU at the highest interest ratc in effect as providcd in the tcrms of the Secured Debt_ . . '� `�"" � ; . ��
<br /> Grantor agrees to pay all cosls and expenses incur►'ed by Lender in collecting,enforcing or protecting L.ender's rights .} 4 �< <-
<br /> . and remedies under this Sc:curity Instrument.This amount may include.hut is not limited to.attorney�ees.c p y , ,��"� a ;'� •'.
<br /> �. costs.and other legal expenses.This Sccurity Instrument shall remain in cffcct until relcau:d.Grantor a ees to a � .
<br /> for any recordation costs of such release.
<br /> . `�;;: :
<br />� 19. ENVIRONMENTAL LAWS AND I�IAZARDOUS SUBSTANCES.As used in this section,(1)Environmcntal Law .. ,
<br /> � means,without limitation,the Comprehensivc Environmental Response.Compcnsation and Liability Act(CERCLA. •�.:: + << `.
<br /> 42 U.S.C.9601 et seq.),and all other federal,state and local laws,regulations,ordinances,court orders,attorney , , .�
<br /> "S�
<br /> � general opinions or interpretive letters concerning the public health, safety,welfare, environment or a ha•r.ardous 3'.� ,:y �.�f f- ? .
<br /> substance:and(2) Hazardous Substancc means any toxic,radioactive or hazatdous material,wastc. pollutant or a_ y � ,
<br /> � contaminant which has characteristics which render the substance dangerous or potentially dangerous ta the public ',.� �' '`=�
<br /> z�r.;.._:
<br /> — health,safety,wclfarc or environmcnt.Thc term includ�s,without limitation,any substanccs dcGned as"ha•rardous � ��::
<br /> ' material:'"toxic substances.""ha�.ardous waste"or"hai.ardous substance"under any Environmental Law. ��
<br /> �. ., ._
<br /> , Grantor represents,warrants and agrees that: �'_-�!'=°'p`�—
<br /> � A. Except as previous l y d i s c l o s e d a n d a c k n o w l e d g e d i n w ri t i n g t o l.ender,no Hv.ardous Substance is or will be a�_�;,�,�yy�
<br /> located,stored or released on ot in the Property Th�s restriction does not apply to small quantities o f .,�,.�:,_
<br /> Hazardaus Substancc:s that are generally recognir.ed to be appropriate tor the normal use and maintenancc of . ry.�',-: —
<br /> ' the Property. � ''�' � —
<br /> � B. Except as previously discloscd and acknowledged in�vriting to L+�nder.Grantor and every tenant have been,are. ,,-�.�•�--_
<br /> =:., 'r'"5' ''
<br /> and shall remain in fup compliance with any applicable Environmental Law. - -�-��—' ;
<br /> � G. Grantor shall immcdiately notify L.ender iP a releasc or thrcatencd relcase of a Hazardous Substancc occurs on, •.;�,.;,,�.��r�.,�
<br /> .����
<br /> under or about the Propeny or thcrc is a violation of any Environmental[.aw conccrning the Property.In such ;�,� J,.;. �V. . _
<br /> an event.Grantar shall take all nece:s.�ary'remcdial action in accvrdance�vith any Environmental Law.
<br /> � D. Grantor shall immediate{y notity Lcnder in writing as soon as Grantor has rcason w bclieve thcrc is any `� —
<br /> pending or thrcatcned investigatinn,claim,ur procceding relating to the release or thrcatened releas�.of any ,
<br /> ' Hazardous Substancc:or thc violation of any Environmcntal Law. ,
<br /> 18. CONDEMNATIORI.(;rantor will givc Lcndcr prompt notice uf any pending or threatened action, by private or _.. _
<br /> � � public entities to purchase or take any or all of the Property through condemnation,eminent Jomain,or any other _ .�
<br /> means.Grantor authorizes Lendcr tv intervene in Grantor's namc in any of the above described actians or claims.
<br /> Grantor assigns ta l.ender the pracccds of any award or claim for damages connected with a condemnation or other t
<br /> ta�cing of all ar any part of the Property.Such proceeds shall he ccrosidered payments and will he applicd as provided in ,
<br /> this Security Instrument.This assignment of procecds is subjcct to thc tcrms of any pri<�r mortgage. deed of trust.
<br /> . security agreement or other lien document.
<br />' � 19. INSURANCE. Grantor shall keep Property insured against loss by fire. flood.th�ft and other ha-r.ards anJ risks .
<br /> rcasonably associated with the Property due to its type and locatiun.Thi��nsurance�hall he maintained in the nmounts .
<br /> and for the periuds that L.ender requires.The insurance carricr providing the insurancc tihall be chc�sen by Grantor ,
<br /> subject to Lcndcr's nppraval,which shall nc�t hc unrcasonahly withhcld. lf Grantur f:�ils to maintain thc cuvrragc
<br /> � • � descrihed above,Ixnder may.�t Lcnder's option,oM�in covcrage t��prutect I.�ndrr'ti right�in thr PmPerty:►cci�rding
<br /> •� to the terms of this Security(nstrument. .. • . , _
<br /> � � All insurance pulicics and renewals shall be acceptahlr to Ixndcr and shall ind�de a�t�ndard"mc�ngagc clau�r anJ. �
<br /> where applic�Me."loss payee clause.° Granle�r tihall immcdiately noti(y Lender ��f c�nccllo-�tion ur terminatiun uf the �
<br /> ' insurancc. Lxndcr shall havr thc right to hold thc pi�licics and rencw�ls.If i.cndcr reyuires.Grantc�r.h:+l)immcdiatcly .
<br /> , give te�[.endor all receipts uf paid premiums and rcnewel noticc�.Upnn Ic��.ti.(�rantor shall giv� immcdi�►tc notier tu . .
<br /> Ihe insurancc carrier and L�:nder.L�:ndcr may makc pruuf c�f lu�s if nut maeie immrdiatcl} hy(ir�+ntur. �
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