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<br /> 11. ENVIROI�TMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used 'sn this section,
<br /> (1} Environmental Law means, withoui limitation, the Comprehensive En�rirosunental Response,
<br /> Compensatian and Liability Act (CERCLA, 42 U.S.C. 9601 et seq.), and all ott�er federal, state and local
<br /> laws, regulations, ordinances, court orders, attorney general opinions or interpretive letters concerning the
<br /> public health, safety, welfare, envirorunent or a hazardous subsCance; and(2)Hazardous St�bstance means any
<br /> tpX1G, radioactive or hazardous cnateriai, waste, poltutant or contaminant which has characteristics which
<br /> render the substance dangerous ar potentially dangerous to ihe public health, safety, welfare or environment.
<br /> The ierm incIudes, without limitation, any substances defined as "hazardous material," "toxic substances,"
<br /> "hazardou5 waste" or "hazardous substance" under any�nvironmental Law,
<br /> Trustor re�resents, warrants and agrees that:
<br /> A.Except as previously disclosed and aclrnowledged in writing to Benefcciary, no Hazardous Substance is
<br /> ar will be located, stored or released on or in the Propeny. This restriction does not apply to srnall
<br /> quantities of Hazardous S�bstances that are generally recognized to be appropriate for the normal use
<br /> and maintenance of the Property.
<br /> B.Excspt as previausly disclosed aad aclaiowledged in wriEing to Beneficiary, Trustor and every tenanE
<br /> have bea�, are, and shall remain in fu11 compiiance with any applieable Environmental Law.
<br /> C.Trustor shall immediately notify Bene�ciary if a release or threatened release of a Hazardous Substance
<br /> occ��'s on,under or about the Property or there is a�iotation of any Environmental Law concerriing the
<br /> Property. In such an event, Trustor shall take all necessary remedial action in accordance with any
<br /> Environmental Law.
<br /> D.Trustar shall immediately notify Bene�'iciary in writing as soon as Trustor has reason to betieve there is
<br /> any pending or threatened investigation, claim, or proceeding relating to the release or threatened
<br /> release of any Hazardo�s Substance or the�iolation of any Environmental Law.
<br /> 12. ESCROW FOR TAXES ANll TNSL�RANCE. Unless otherwise provided in a separate agreement, Trustor
<br /> will not be required to pay to Beaeficiary funds far ta�ces and insurance in escrow.
<br /> 13. JOINT ANll yNDIVIDUAL LIABILITY; CO-SIGNERS; SUCCESSORS AND ASSIGNS BOUND. All
<br /> duties under this Security Instrument are joint and individual. If Trustor signs this Security Tnstrument but
<br /> does not sign an evidence of debt, Trustor does so only to mortgage Trustor's interest in the Property to
<br /> secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. Tf
<br /> this Security Instr�ment secures a guaranty between �ene�ciary and Trustor, Trustor agrees to waive any
<br /> rights that may prevent Bene�ciary frorri bringing any action or claim against Trustar or any par[y indebted
<br /> under the obfigation. Tiiese rights Fnay inclvde, but are not limited to, any anti-deficieney or one-acuon laws.
<br /> 'fhe duties and bene�ts of this Security Instrument shall bind and benefit the successors and assigns of Tnastor
<br /> and Beneficiary.
<br /> 14. SEVERA�ILITY; IN'1'ERPRETATION. This Security Instrument is complete and fully integrated. 'I'his
<br /> Sec�rity I1�strumenC may not be amended or modified by oral agreerneni. Any section in this Secuxity
<br /> Instrument, actachments, or any agreement related to the Secured Debt that conflicts with applicable law will
<br /> not be effective, unless that law expressIy or impliedly perznits the variations by written agreement. If any
<br /> section of this Security Instrument cannoE be enforced according to its terms, that section wilI be severed and
<br /> will not affect the enforceability of the remainder of this Security Instrument. Whenever used, the singular
<br /> shall incl�de the plural and the plural the singular. The captions and headings of the sections of this Security
<br /> Instrument are for canvenience only and are not eo he used to intezpret or de�ne the terms of this Security
<br /> Tnstrument. Time is of tlte essence in this Security Instrurr�ent.
<br /> 15. SUCCESSOR TRUSTEE. Beneficiary, at Beneficiary's option, may from cime to time remove Trustee and
<br /> appoint a successar trustee without any other forcraality than the designaiion in wz�iting. 'Fhe succsssor trcistee,
<br /> without canveyance of the Property, shall succeed to atl the title, power and duties conferred upon Trustee by
<br /> this Security Instrument and applicable law. � ��
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<br /> 16. NOTICE. Unless othe�rwise required by law, any no�ice shall be;given�b�+ de2ivering it or by rr►ailing iC by
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<br /> first ciass mail to the appropriate party's address on page 1 o�"tfiis"5ecuiify"Tnst�ment, or to any other
<br /> address designated in writing. Notice to one trustor will be deemed to be notice ta all trustors. Trustor and
<br /> Beneficiary hereby request a copy of any notice of default, and a copy of any notice o#'sale thereunder, be
<br /> crsailed to�ach pariy at the address for such party set forth on page 1 of this Security Instrument.
<br /> 17. WAIVERS. Except to Ehe extent prohibited by law, Trustor waives all appraisement and homestead
<br /> exempdon rights relating to the Property.
<br /> 18. LINE OF CREDIT. The Secured Debt includes a revolving line of credit. Although the Secured Debt may
<br /> he red�aced to a zero balance, ihis Security Tnstrument will remain in effect until released.
<br /> Security lnstrument-OAen-End-Consumer-NE OCRREDT-NE 7l2/2071
<br /> VMPB Sankers Syste�*+sTM VMP-C4651NEI i11071.00
<br /> Wolaers Kiuwer Financial Services�1994,2071 Page 5 of fi
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