|
��14�1�79
<br /> 11. ENVIR�NMENTA� LAWS AND HAZARI3�US SUBST.ANCES. As used in this section,
<br /> �1} En�ironmentai Law means, without Iimitatifln, �he �amprehensi�e Environmental Response,
<br /> Campensatron and Liabilxty Act �CERCLA, 42 �CT.S,C. 96�I e� s�q.}, and a11 other f�deraX, state and Iocal
<br /> laws, r�gulat�ons, ordinan�es, court flrders, at�arney gen�rai opxni�ns or interpreti�e letters cpn�erning �he
<br /> pu�I�c health, safety, w�lfare, en�ir�nment or a hazardaus substance; and-�2� Hazardous Substan��means any
<br /> toxzc, radiaacti�e or hazardous material, wast�, poXXutant or contaminant which has characteristics which
<br /> render the substance dangerous or potentially dangerou� ta th�public health, saf�ty, we�far�or env�ronment.
<br /> The term inc�udes, withou� limitat�on, any subs�ances def�ned as "hazardous ma�eria.�.," "toxic substances,"
<br /> "hazardous was�e" or "hazardous subs�ance" und�r any En�iranmental Law.
<br /> Trustor represents, warrants and agrees that: .
<br /> A.Exc�pt as pre��ousXy disc�osed and aclaxawledged in writing ta Beneficiary, no Hazardous Substance �s
<br /> or wzli be lo�a�ed, stor�d ar re�eased an ar in the Praper�y. Thzs restr�ction does no� apply to sma.��
<br /> quan�itie� �f Hazardaus Substances that are generally recognrzed �o be appropriate far the narma.l use
<br /> and nzaintenance of the Proper�y.
<br /> B. Except as prevxau�ly disclosed and acknowledged in wrxtrng to Benef�ciary, Trustor and every �enant
<br /> ha�e been, are, and shall remain�n full compliance with any applrcable Environmental Law.
<br /> C.Trustor shaii immediately natify Beneficiary if a re�ea�� flr threatened release af a Hazardous Substance
<br /> o��urs on, und�r or about th� Prap�r�y ar there is a�ioiation of any En��ronmenta� Law concerning the
<br /> Property. Yn such an event, Trustor shall tak� alI necessary remedia.� action in a�cordance with any
<br /> En�ironmen�aX Lav�.
<br /> D.Trustor sha1Z �mm�dia�e�y notzfy Beneficiary �n writ�ng as soan as Trustor has reason to believe there �s
<br /> any p�nding or threatened investigatian, cla�m, ar proceed�ng r�lating to the rei�ase or threatened
<br /> release of any Hazardous Substance ar the vrolatzan of any En�ironmental Lav�.
<br /> 12. ESCR�W F�R TA�ES AND YNSUR.ANCE. Unless �therwise pr��ided Yn a separate agreement, Trus�or
<br /> wz�l not be requxred ta pay to Benefic�ary funds for taxes and insurance in escraw.
<br /> 13. J[]INT AND IN�3IVIDUAL LIABILITY; C(]-SYGNERS; SUCCESSQRS AND ASSIGI�IS BaUND. All
<br /> duties under this Security �nstrumen� are j oint and ind�v�dual. Zf Trus�ar signs this Securx�y �nstrument but
<br /> does not sign an evxdenc� af debt, Trustar does so only to martgage Trustor's inter�st in �he Properfiy t�
<br /> secure payment af the Se�ur�d Debt and Trustar does not agre�to be personally liable on the Secured Deb�. Zf
<br /> this Secur�ty Ynstrument secures a guaranty between Benefi�xary and Trustor, Trustor agrees to wai�e any
<br /> rights that may pr�vent Beneficiary from bringing any actian or c�aim agarnst Trustor or any pazrty indebted
<br /> und�r the abligation. These rights may inciud�, but are not iimited ta, any an�i-def�ciency or ane-a�ti�n �avvs.
<br /> The duties and benefits of this Security rns�rument shall bind and benefit the successors and assigns of Trustar
<br /> and Beneficiary.
<br /> 14. SE'�ERA�ILITY; YNTERP�ETATI�N. This Se�urity �ns�rumen� �s cample�e and fuXXy �nt�grated. This
<br /> 5ecurity �nstrumen� may not be am�nded or modified by ora.i agr�em�nt. Any sec�ian �n this Security
<br /> �nstrument, atta�hnzents, or any a�reement rela�ed to the Secured Debt that conflYcts wi�th appl�cable Iaw w�11
<br /> nat be effecti�e, unless that law expressly or �mpl�edly permits the �ariations by written agre�m�nt. 7f any
<br /> sectxon af this Secur�ty rns�rumen� cannot �e enforced accordxng to �ts terms, tha� section vvil� be se�ered and
<br /> will not affect the enfarceability af the r�mainder ❑f this SecurYty �nstrument. Whenever used, the szngu�ar
<br /> shaii in��ude th� plura� and the plura� the singu�ar. The captxons and headYngs af the s�ctions af thxs Security
<br /> �nstrument are for can�enxence only and ar� nfl� �o b� used �o in�erpr�� or define the terms of this Security
<br /> Znstrument. Time xs of�he essenc��n this Security rnstrumen�.
<br /> 15. SY.]��ESS�R TRYJSTEE. Benefxciary, at Benefzciary's opt�on, may fram �im� to tim� remov� Trustee and
<br /> appoxnt a successor trustee without any other formaJ�ity__thanTt,��designation-in wri���rg. The suc�essor trustee,
<br /> without conveyanc� of�he Proper�y, shall succeed to�all the t�tle; power�and'�d�ut�es c�nferred upon Trustee�y
<br /> this Securxty rnstrum�nt and applicable �aw. ; _ ._ . _. :� �° ... ,:
<br /> �.
<br /> �.�..R...��:.Q...��.': ..�..x_...,.�.�.._�:.-�_._�:.,�. .... ..�:-.__..�
<br /> 16. NQTIC�. L�nl�ss a�herwise requ�r�d �y Iaw, any notic� shall be given by d�lr�erxng it ar by mai��ng it �y
<br /> first class mai� to the appropriate party's address on page 1 of this Secur�ty Instrum�nt, ar to any ather
<br /> addr�ss designa�ed Yn writing. Notzce to an� trustor w�li be deemed to be no�ice ta a.�l trustars. Trustor and
<br /> Benefic�ary here�y request a ��py of any no�ice of default, and a copy of any notice of sale thereunder, be
<br /> mai��d to each part~y at the addr�ss far such party set forth an page 1 of th�s Securi�y rnstrument.
<br /> 17. WAIVERS. E�ccept �to the ext�n� prohibited by �aw, Trustor waives a11 appraisem�nt and homestead
<br /> �xemptian r�ghts relating to the Praperfiy.
<br /> 1S, LINE �F �REDIT. The 5ecured Debt inciudes a r�vo�ving Iine �f credit. Although the Secured Debt may
<br /> be reduced to a zero baianc�, this Security Ins�rum�nt will remain in eff�c�until releas�d.
<br /> Security InStrumer�t-Open-End-Cvnsumer-N� OCP-REDT-N� 71212d1'1
<br /> VMP�Bankers Sys�emsTM VMP-C46�fNE7 {1 1�7�.OD
<br /> Wolters KlUwer�inan�iai Ser�ices Q�994,201 i Page 5 of 5
<br /> �
<br /> � ��
<br />
|