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201210445
<br /> ll. EXPENSES; ADV�NCES ON COVEI�ANTS; ATTORNEYS' FEES; COLLECTION COSTS. If
<br /> 'Prustor breaches any covenant in this Security Instntment, Trttstor agrees to pay all expeivses
<br /> Beneficiary inctirs in pexfoiming such covcnants or protec[ing its security interest in the Property.
<br /> Such cxpenses include, 6ut are not limited �o, fccs incurred for inspeccing, preserving, or othcrwise
<br /> protecting the Propetty and Beneficiary's security interesi. These expenses are payable on demand and
<br /> � will bcar intcrest from the date of payment until paid in full at rhe highest rate of interest in effec� as
<br /> provided in the �erms ol che Secured Debt. Trustor agxees to pay all cosa and expenses incurred by
<br /> Benehciary io collecting, enforcing or pro�ec�ing Bcneficiary's rights and rernedies under thia Securiry
<br /> InstrumenL Tlvs amount may indude, but is nut limited to, Tiustee's fees, wurc costs, and other legal
<br /> expenses To ffie zxtenc permitted by the United Srates Bankrupuy Code, Trustor agrecs co pay the
<br /> reaspnable attorneys' fees Beneficiary incurs �o collec[ the Secured Debt as awarded by any court
<br /> exercising jurisdiction under the Rankruptcy Code. This Securiry Ins�rument shall remain in effecc
<br /> unTil released. Trustor agre¢s [o pay for airy recordation costs of such release.
<br /> 12. ENVIRONME'VTAL LA�VS AND HAZARDOUS SUBSTANCES. As used in this section,
<br /> (1) F.nvironmental Law means, without lisnitation, �he Comprchensive 6nviroumental Response,
<br /> Compensalion antl L.iabiliry Act (CP.RCLA, 42 U.S.C. 9601 et sey.), a�d all other Icderal, st�te aod
<br /> local lews, regiilations, ordinanccs, cour[ orders, attorney general opinions or iolcrprctivc Icttcrs
<br /> concerning �he public hcaltk�, safety, welfare, enviromnent or a ha�ardous substance; and
<br /> (2) Hazardouti Substance meaos any [oxic, radioective or ha�ardous macerial, waste, pollutan[ or
<br /> concaminant wl�ich has charac�eristius which rendec the substance dangerous or potentially dangcrous
<br /> ro the public health, safery, welfare or environrnent. 'T'he term i�cludes, without limitation, any
<br /> substanecs defined as "hazardous material," "toxic substances," "hazardous waste" or "haaazdous
<br /> substancd' undcr anv L�nvironmenYal Law.
<br /> Truswr represents, warrants and agrees [Uac
<br /> A.Exec�t as previously disclosed and acknowledged in writing m Beneficiary, no Hazardous
<br /> Substance is or will be located, stored or released on or in the Property. This resiriciion does no[
<br /> apply to small quantities of Iiazardous Substances that are guncrally rccognizsd to be appropriate
<br /> lor the norrria] use and maintenance of the Property.
<br /> B. Except as previously disclosed a�d acknowledged in wridng to Beneficiary, Truscor �nd every
<br /> �ena�� havc bcen, are, and shall remain in fiill complianee with anV applicable Enviromnent�l
<br /> Law.
<br /> C.Tntstor shall itnmediately notify Beneficiary if a release or lhreatencd release of a Hazardous
<br /> Substancc oceurs on, under or about rhe Property or there is a violation of any Environmental
<br /> Law conceming the PropecTy. In such an event, Trustor shall take all necessary remedial ac�ion
<br /> in accordance with anV 1:nvironmeotal Law.
<br /> � D.Trustor shall immediztely notify Beneficiary in wri�ing as Soon as "1'ruscor has reason to believe
<br /> there is any pending or threat�ened inves�igation, claim, or procecding relaiing to [he release or
<br /> � thrcaccned relcase of aoy Hazardous Substance or the violation of any Environmental Law.
<br /> 13. ESCROW FOR TAXES AND IlVSURANCE. Unless otherwise provided in a separate agreement,
<br /> Trnstor will not be required to pay �o Beueficiary funds Ibr Ixxcs and insurance in eserow.
<br /> l4. JO1NT AND IIVDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS
<br /> BOUA'D. AIl duties under this Security Instrumen[ are joint and individual_ IP Trustor signs this
<br /> Securiry Ins[rumeot but does not sign an evidence of debt, Trustor does so only Lo morlgagc "I'rwstor's
<br /> interc�s� in Lhe Properry [o secure payment of the Secured Deb[ and TrttsTor does no[ a�-ee �o be
<br /> personally liable on the Secured Debt. If thie Security ]nstrument secures a guuanty between
<br /> Beneficiary and Trus�or, Trustor agrees to waive any rightc that may prevent Beneficiary fcom
<br /> 6ringing any action or claim against Trustor or any party indebted under the obligation. These rights
<br /> . may ineiude, but are not limited to, any anti-deficiency ox one-action laws. The dutias and benefits of
<br /> this Sccuricy Instrument shall bi�d and benefit tiie successors and assigns of Trustor and Beneticiary.
<br /> .._.__ _.._ (Pa9e 6 of 9i
<br /> B 194A Woliers Kluwv Finonaial5crvlms �Oankeis System`" i orm USAAHCDI"�NC 8/25;2012
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