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<br /> 11. ENVIR�NIV�NTAL LAWS AND HAZARD�US SU.BSTAN�ES. As us�d in this sectg�n,
<br /> �1) Enviranmental Law means, w�thout �im�tation, the �amprehensive Environmental Response,
<br /> Compensatian and L�ability Act �CER�LA, 4� U.S.C. 96�1 �t seq.�, and a].I other federal, state and �ocal
<br /> laws, regulations, ordinances, cour� orders, at�orney gen�ral opxn�ons or �nterpr�tive Ietters concerning the
<br /> public health, safety, welfare, �nvironment or a hazardous substance; and ��} Hazardous Subs�an�e means any
<br /> toxi�, rad�aact��e or hazardous materia.l, waste, po��utant ar contaminant which has charac��ristics which
<br /> render the substance dangerous or potentially dangerous to the pub��c h�alth, safety, welfar�or en�iranment.
<br /> The t�rm includes, without limita�ian, any substances defined as "hazardous mater�al," "'t�xic substanc�s 7 rr
<br /> "hazardous waste" ar "hazardous substance" under any Enviranmenta� Law.
<br /> Trustor represen�s, warra.n�s and agrees that;
<br /> A.Except as pre�ious�y disclosed and acknow�edged in writing �o Benef�ciary, no Hazard�us �u�stance is
<br /> or w�ll �e Iocated, stored or released on ar in the Proper�y. This restriction d��s nn� apply to small
<br /> quant�ti�s of Hazardous Substances that are generaiiy recognized ta be appropriate for th� normal use
<br /> and maintenance of the Property.
<br /> B. Except as previously disclosed and acknawledged in writing to Beneficia.ry, Trustor and every tenant
<br /> hav�been, are, and shall rema�n in fuli campXiance wi�h any applx�able Environmenta� Law.
<br /> C.Trustor shall immed�ately natxfy Benef�c�ary if� releas� ar threatened re�ease of a Hazardous Substan�e
<br /> occurs on, under or abaut the Property or there xs a�iolatxon of any En�ironm�ntal Law concerning the
<br /> Property. �n such an event, Trustar shall �ake a11 necessary remedial action in accardan�e with any
<br /> En��ronmental Law.
<br /> D.Trustor sha11 xmmediately notify Bene�ciary in writing as soon as Trustor has reasfln to belYeve�here is
<br /> any pending or threatened inves�igation, c�a.�n�, or proceeding re�ating to the r�lease or threatened
<br /> release af any Hazardous Substance or the�iolatian of any Env�ranmental, Law.
<br /> 12. ES�RQW F�Ia, TA�ES AND INSURANCE. Unless otherwis� provided in a separa�e agr�ement, Trustor
<br /> w�Xi not b�required to pay to Beneficiary funds for tax�s and�nsurance in escrow.
<br /> 13. J�INT AND INDIVIDUAL LIABILITY; ��--�I�NERS; SUCCESS�RS ANI] ASSIGNS E�UNI3. AII
<br /> dut�es un��r this Security �nstrum�n� are j oint and ind���dual. If Trustor signs this Security Zns�rum�nt but
<br /> daes not sign an evid�n�� of debt, Trustnr does so only to martgage Trustor's inter�st in the Prop�rry �o
<br /> secure payment of the Secured De�t and Trustor does nat agree ta be personally Iiable on the Secured I]ebt. If
<br /> this Security �nstrument secures a guaranty hetween Beneficiary and Trus�or, Trustor agrees �o vva�v� any
<br /> r�gh�s that may pre�ent Benefic�ary from br�ng�ng any ac�i�n or cla�m aga�ns� Trustor or any party inde�ted
<br /> under the obligatian. These rights may i,n��ude, but are not limxt�d tn, any anti--deficiency or❑ne-actian laws.
<br /> The duties and b�nef�ts of this Security�nstrum�nt shall bind and benefit the suc�essors and ass��ns of Trus�or
<br /> and Beneficiary.
<br /> 14. SEVERABILITY; INTERPRETATI�N. This Security �nstru.nl�n� is compl�te and ful�y integra�ed. This
<br /> Securzty Instrument may not be amended or modified by aral agr�ement. Any sec�ian in this Security
<br /> Zns�rum�nt, attachments, ar any agreemen� reiated to the Secur�d Debt that canf�icts with app�i�able Iaw will
<br /> not b� �ff�ct��e, un�ess that law expressly �r impli�dly permits �he �ariataons by wr�tten agreement. Zf any
<br /> section of this Secur��y Instrument cannot be enforced according to its terxns, �hat section wi�l be s�vered and
<br /> wil� not affect the enforceab�lity of the remainder of this Se�urity Instrument. Whenever used, the singular
<br /> shall include the piura.l and the plurai the singuiar. The �aptians and headings of the sections of th�s Securzty
<br /> Ynstrument are for convenien�e only and are not to l�e used to interpret or define �he terms of this Security
<br /> Insfirument. Time is af the essenc�in this Se�urity Instrument.
<br /> 15, SUCCESS4R 'T'RUSTEE. Beneficiary, at Benef�c�ary's optxan, may fraxn time t❑ �ime remo�e Trustee and
<br /> appoint a su�cessor trus�ee withaut any other farmality than.,t�;�.d�si�gnatx�n,.in_writin��.._The succ�ssor trustee,
<br /> without conv�yance af the Praperty, sha].1 succeed ta a11 the�i�1e, pflwer_and dut�es conferred upon Trustee by
<br /> �h�s Securi�y Instrum�nt and applicable law. � � - .� -. � _,
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<br /> 16. N`�TI�E, Unl�ss atherwise required by 1aW, any noti�e sha11 be given by delYver�ng zt ar by mailing it by
<br /> first C1�55 mai� to the apprapriate party's address on page I of this Securi�y Instrument, or to an.y ather
<br /> address designated in writing. Notic� to on� trustor will be d�emed to �� notice to a�I trus�or�. Trustor and
<br /> Benefic�ary here�y r��uest a copy of any notice af defauit, and a �opy of any natice of sal� thereunder, be
<br /> mail�d ta each party at th�address for su�h party se�far�h on page � of this Security �nstrument.
<br /> 17. WAIVERS. Except to the exten� prohibited by �aw, Trustar waives al� appra�sement and homes�ead
<br /> exemptian rights relating to the Prapezrty.
<br /> 1S. LINE �F CREDIT. The 5ecur�d Deb� xnc�udes a revolving �in� of Credit. Althou�� �he Secured Debt may
<br /> be re�luced to a zera ba.lance, this Securi�y Instr�xmen� wiii remain in effec�untxl released.
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<br /> Wolters Kfuwer�inar�cial 5er�ices�1994,20�'! Page 5 0#G
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