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<br /> 11, ENVIRUNMENTAL LAWS AND HAZARD[]US SUBSTANCES. As used in this section,
<br /> �1} En�ironmental Law means, wiChnut limitation, the Comprehensive Environm�ntal Respanse,
<br /> Compensation and L�ability Act (CER�LA, 42 U.S.C. 95�1 et seq.}, and a11 other federal, stat� and lacal
<br /> laws, regu�ations, ordinances, cnurt arders, attorney general opinians ar interpr�ti�e letters con�erning �he
<br /> public health, safety, welfare, en�ironmen�ar a hazardous substance; and �Z} Hazardous Subs�ance means any
<br /> toxic, radioacti�e or hazardaus maC�rial, waste, pollutant ar contaminant which has characteristics whi�h
<br /> render the substance dangerous or patentially dangerous tv the public health, safety, welfare or environment.
<br /> The term includes, with�ut limitation, any substances defined as "hazardous material," "tn�ic subs�ances,"
<br /> "hazardaus waste" ar "hazardous substance" under any En�ironmental Law.
<br /> Trustor represents, warrants and agrees tha�:
<br /> A.Exc�pt as pre�iausly dis�losed and acknowledged in writing tv Beneficiary, no Hazardous 5ubstance is
<br /> or wi11 be loca�ed, st�red ar released fln or in the Prap�r�y, This restriction does not app�y to small
<br /> quantities af Hazard�us �uhstances that are genera��y recognized t� be appropriate for the narmal use
<br /> and main�enance af the Pr�perty.
<br /> B. Exc�pt as previously disclased and acknowl�dged in writing to Beneficiary, Trustar and e�ery tenant
<br /> ha�e been, are, and shall remain in fu11 campliance with any applicable En�ironm�ntal Law.
<br /> �.Trustor sha11 immedia�e�y natify Beneficiary if a release nr�hreatened reiease�f a Hazardous Substance
<br /> oc�urs on, under or a�out�he Property or there is a�iolation ❑f any En�iranmental Law concerning the
<br /> Property. In such an e�ent, Trustor shall tak� a11 necessary remedial action in accordance with any
<br /> En�i ranmen�al Law,
<br /> D.Trustar sha11 immediately notify Ben�ficiary in wr�t�ng as soan as Trustor has reason �v belie�e there is
<br /> any pending or �hreaten�d investigation, clairn, or pr�ceeding r�lating to �he release nr �hreatened
<br /> reiease of any Hazardflus Subs�ance or the vialation of any En�ironmenta� Law,
<br /> 12, ESCR4W FUR TAXES AND INSURANCE. Unless �therwi�e pr��ided in a separate agreement, Trustar
<br /> wili not be requ�red to pay to Beneficiary funds far taxes and insurance in escrow.
<br /> 13. J�3INT AND INDIVIDUAL LIABILITY; C�-SIGNERS; S[TC�ESS�RS AND ASSIGNS B�UND. All
<br /> duties under this 5ecur�ty Znstrument are joint and indi�idual. If Trustor signs this Security Instrument but
<br /> da�s nat sign an �vidence vf deb�, Trus�or d�es so only �o mortgage Trustar's in�erest in �he Property tv
<br /> se�ure paymenC vf the Secured Debt and Trustor does nat agree to be personally liable�n the Secur�d Debt. If
<br /> this Security In�trumen� secures a guaranty between Beneficiary and Trustar, Trustor agrees to wa��� a.ny
<br /> rights that may pr�v�nt Beneficiary from bringing any action or claim agains� Trustor �r any par�y indebted
<br /> under the abligation. These rights may �nclude, but are not limited ta, any anti-deficiency or one--actian 1aws.
<br /> The duties and b�nefits vf this Security Instrument shall bind and benefi�the successors and assigns of Trustor
<br /> and Beneficiary.
<br /> 14. SEVERABILITY; INTERPRETATIUN. This Securi�y Instrument is c�mp�ete and fu11y in�egrated. This
<br /> Security ins�rument may not �ae amended or modified by nra� agreement. Any section in �his Security
<br /> Instrument, attachments, or any agreement related �o the �ecured Debt �hat confli�ts vvith applicable lavv will
<br /> not be effective, unless �ha� law expressly or impliedly permits the �ariati�ns by writt�n agreement. �f any
<br /> secti�n af this Secur�ty Instrument canno� be enforced accarding to its terms, that section wi�l he severed and
<br /> wi11 not affect �he enforceability of the remainder vf this Security �nstrumen�. Whenever used, the singular
<br /> shall includ� the plural and rhe plural the singular. The captions and headings af th� sections af this Security
<br /> Instrument are for �an�enience only and are no� ta �e used tv �nterpret or define the terms of this Security
<br /> Instrument. Time is of the essence in this Security Instrument.
<br /> 15. SU��ESS�R TRUSTEE. Bene�ciary, at �eneficiary's �ption, rnay fr�m �ime �v tim� rema�e Trustee and
<br /> appoint a successar trustee wi�hout any other formality �han the d�signation in writing. The successor truste�,
<br /> wi�hout can�eyance of the Property, sha1l succ�ed to all the ' � �'�'��`i�pnn Trustee by
<br /> �� .. ,. ":�;_:..." _.. -. ,.,�
<br /> thls Securxty Znstrument and appl�ca�le law. . �A . , ��-_;.�:-�,:,�f. -,� . �
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<br /> 16. NC3TI�E. Un�ess atherwise required by 1avv, any notice sh e gi�en�y���i'�erzng�i� �r�by mailing �t by
<br /> first class ma�l to the appropr�ate party's address on page 1 of this Security Instrument, flr t� any other
<br /> address designated in writing. Noti�� to ane trust�r will be deemed to �e natic� ta all trust�rs, Trustar and
<br /> Beneficiary hereby request a copy af any notice of default, and a copy of any notice of sale thereund�r, be
<br /> mailed to each party at th�address far such par�y set f�rth on page 1 af this Security Instrument.
<br /> 17. WAIVERS. Exc�pt to the extent prahibited by law, Trustar wai�es a11 appraisement and homestead
<br /> exemption ri�hts relating ta�he Prap�rty,
<br /> 18. LINE �F �REDIT. The Se�ured Debt includes a revol�ing line af credi�. Although th� Secured Debt may
<br /> be reduced to a zero halance, this Se�uri�y Instrument wi�� remain in effect until released.
<br /> Securi#y Ins#rumant-�pen-End-Consumer-NE QCP-RE�T-N� 7121241 1
<br /> VMPCa Bankers Syst�msT"" VMP-C4fi5{NE] t1 1�7).0❑
<br /> Walters Kluw�r Financial Services�19�4�207 1 Pag�5 of fi
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