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201400400
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Last modified
8/19/2014 2:25:24 PM
Creation date
1/23/2014 3:16:30 PM
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DEEDS
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201400400
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20140040 <br />to any such foreclosure action or proceeding and to foreclose out the rights of such tenants shall <br />not be asserted by Borrower as a defense to any proceeding instituted by Lender to collect the <br />Debt secured by this Security Instrument. <br />2. Borrower hereby represents and warrants to Lender that, except as disclosed in <br />the Environmental Report: <br />(a) Borrower has not received any notice claiming that the Premises or the <br />Improvements or any use thereof violates any Environmental Laws from the New Jersey <br />Department of Environmental Protection ( "DEP "), the United States Environmental Protection <br />Agency ( "EPA ") or any other governmental authority, person or entity. <br />(b) To the best of Borrower's knowledge, no part of the Premises or the <br />Improvements was ever used or is being used as a landfill, dump or other disposal, storage, <br />transfer or handling area for Hazardous Substances. <br />(c) Borrower has no liability to the DEP, the EPA, the State of New Jersey, the <br />United States of America or any other governmental authority under any of the Environmental <br />Laws. <br />3. The following shall supplement, and shall be included within, the definition of <br />"Environmental Laws" set forth in this Security Instrument: <br />"the Industrial Site Recovery Act ( "ISRA ") N.J.S.A. §§ 13:1K -6 et seq., formerly known <br />as the Environmental Clean -Up Responsibility Act ( "ECRA "), N.J.S.A. 13:1K -6 et seq.; <br />the "Brownfield and Contaminated Site Remediation Act" ("BCSRA") N.J.S.A. §§ <br />58:10B -1 et seq.; the New Jersey Spill Compensation and Control Act, N.J.S.A. §§ <br />58:10 -23.11 et seq.; the Toxic Catastrophe Prevention Act, N.J.S.A. 13:1K -19 et seq.; the <br />Underground Storage of Hazardous Substances Act, N.J.S.A. §§ 58:10A -21 et seq.; the <br />Water Pollution Control Act, N.J.S.A. §§ 58:10A -1 et seq.; the Solid Waste Management <br />Act, N.J.S.A. §§ 13:1E -1 et seq.; the Safe Drinking Water Act, N.J.S.A. §§ 58:12A -1 et <br />seq.; the Hazardous Substance Discharge Reports and Notice Act, N.J.S.A. §§ 13:1K -15 <br />et seq.; the Air Pollution Control Act, N.J.S.A. §§ 26:2C -2 et seq.; the Worker and <br />Community Right -to -Know Act, N.J.S.A. §§ 34:5A -1 et seq.; the Sanitary Landfill <br />Facilities Closure and Contingency Fund Act, N.J.S.A. §§ 13:1E -100 et seq.; the Solid <br />Waste Disposal and Resource Recovery Act, N.J.S.A. §§ 13:1E -136 et seq.; the Clean <br />Communities and Recycling Act, N.J.S.A. §§ 13:1E -92 et .seq.; and the Mandatory <br />Statewide Recycling Act, N.J.S.A. §§ 13:1E -99.12 et seq." <br />4. If there shall be filed a lien against the Premises or the Improvements by the DEP, <br />EPA, or any other governmental authority, Borrower agrees in addition to taking prompt <br />corrective measures to remediate any Hazardous Substances that are the subject of such lien, <br />Borrower shall either (i) cause said lien to be removed or (ii) provide a bond or title insurance <br />endorsement, reasonably satisfactory to Lender, insuring to Lender the continuing first lien status <br />of this Security Instrument, within 60 days from the date that Borrower is given notice that the <br />lien is placed against the Premises or the Improvements or within such shorter period of time in <br />- 119 - <br />
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