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201207602
<br /> Yl. ENVIRONMENTAY, LAWS AND HAZARDOUS SUBSTANCES. As used in this section,
<br /> (1) Environmental Law means, without limitation, the Comprehensive Environmental Response,
<br /> Compensation and Liability Act (CERCLA, 42 U.S.C. 9601 et seq_), and all other federal, state and local
<br /> laws, regulations, ordinances, court orders, attomey general opinions or interpretive letters concerning the
<br /> public health, safety, welfare, environment or a hazardous substance; and(2) Hazardous Substance means any
<br /> toxic, radioactive or hazardous material, waste, pollutant or contaminant which has characteristics which
<br /> render the substance dangerous or potentially dangerous to the public health, safety, welfare or environment.
<br /> The term includes, without limitation, any substances defined as "hazardous material," "toxic substances,"
<br /> "hazardous waste" or "hazardous substance" under any Environmental Law.
<br /> Trustor represents, warrants and agrees that:
<br /> A.Except as previously disclosed and aclrnowledged in writing to Beneficiary, no Hazardous Substance is
<br /> or will be located, stored or released on or in the Property. This restriction does not apply to small
<br /> quantities of Hazardous Substances that aze generally recognized to be appropriate for the normal use
<br /> and maintenance of the Property.
<br /> B. Except as previously disclosed and aclmowledged in writing to Beneficiary, Trustor and every tenant
<br /> have been, aze, and shall remain in full compliance with any applicable Environmental Law.
<br /> C.Trustor shall immediately notify Beneficiary iY a release or threatened release of a Hazazdous Substance
<br /> occurs on, under or about the Property or there is a violation of any Environmental Law concerning the
<br /> Property. In such an event, Trustor shall take all necessary remedial action in accardance with any
<br /> Environmental Law.
<br /> D.Trustor shall imrnediately notify Sene�ciary in writing as soon as Trustor has reason to believe there is
<br /> any pending or threatened investigation, claim, or proceeding relating to the release or threatened
<br /> release of any Hazardous Substance or the violation of any Environmental Law.
<br /> Y2_ ESCROW FOR '1'AX�S AND INSURANCE. Unless otherwise provided in a separate agreement, Trustor
<br /> will not be required to pay to Beneficiary funds for t�es and insurance in escrow.
<br /> 13. JOI1V� AND INDIVYY�UAL d�EASILITY; CO-SIGNER5; SUCCESSORS ANi3 ASSIGNS �OiJNI3. All
<br /> duties under this Security Instrument aze joint and individual. If 'I'rustor signs this Security Instrument but
<br /> does not sign an evidence of debt, Trustor does so only to mortgage TrusCor's interest in the Property to
<br /> secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If
<br /> this Security Instrument secures a guazanty between Beneficiary and Trustor, Trustor agrees to waive any
<br /> rights that may prevent Beneficiary from bringing any action or claim against Trustor or any party indebted
<br /> under the obligation. These rights may include, but are not limited to, any anti-deficiency or one-action laws.
<br /> The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trustor
<br /> and Beneficiary.
<br /> 14. SEVERASILITX; INTERPRETATYON. This Security Instrument is complete and fully integrated. This
<br /> Security Instrurnent may not be amended or modified by oral agreement. Any section in this Security
<br /> Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will
<br /> not be effective, unless thaC law expressly or impliedly permits the variations by written agreement. If any
<br /> seetion of this Security Instrument cannot be enforced according to its terms, that section will be severed and
<br /> will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular
<br /> shall include the plural and the plural the singular. The captions and headings of the sections of this Security
<br /> Instrument are for convenience only and are not to be used to interpret or define the terms of this Security
<br /> Instrument. Time is of the essence in this Security Instrument.
<br /> 15. SUCCESSOR TRUST�+E. Beneficiary, at Beneficiary's option, may from time to time remove Trustee and
<br /> appoint a successor trustee without any other formality than the designation in writing. The successor trustee,
<br /> without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by
<br /> this Security Instrument and applicable law.
<br /> 16. NOTICE. Unless otherwise required by law, any notice shall be given by delivering it or by mailing it by
<br /> first class mail to the appropriate party's address on page 1 of this Security Instrusnent, or to any other
<br /> address designated in writing. Notice to one trustor will be deemed to be hotice to all trustors_ Trustor and
<br /> Beneficiary hereby request a copy of any notice of default, and a copy of any notiee of sale thereunder, be
<br /> mailed to each party at the address for such party set forth on page 1 of this Security Instrument.
<br /> 17. WAIVERS. Except to the extent prohibited by law, Trustor waives all appraisement and homestead
<br /> exemption rights relaCing to the Property.
<br /> 18. LINE OF CREDIT. The Secured Debt includes a revolving line of credit. Although the Secured Debt may
<br /> be reduced to a zero balance, this Security Instrument will remain in effect until released.
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<br /> Security Instrument-Open-End-Consumer-NE OCP-REDT-NE 7/2/�7
<br /> VMPO Bankers SystemsTM' VMP-C465(NE) ('I'I07).00
<br /> Wolters Kluwer Financial Services 01994,201'I Page 5 of 6
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