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<br /> 11. ENVIR(]NIV�N'�AL LA�W'S AND HAZARD�US SUSSTANCES. As used �.n. th�s sec�ion,
<br /> �13 Env�rflnmental Law means, w�thaut Ixmxtatian, the Cnmprehensive En��ronmental Response,
<br /> Compensatian and L�ability Act �CERCLA, 42 U.5.C. 9��1 et seq.}, and all �ther federai, state and local
<br /> Iaws, regulations, ordinances, court arders, attorney general opinions ar interpretx�e le�ters cancerning the
<br /> publ�c health, safety, welfare, en�ironmen�or a hazard�us substance; and�2� Hazardous Substance means any
<br /> �axY�, radioa�t�ve ar hazardous material, waste, p��lutant or can�aminant whxch has character�st�cs wh�ch
<br /> render the substance dangerous or poten�ial�y dangeraus to the public health, safety, we�fare ar envir�nment.
<br /> The term inc�udes, withaut �Ymitatxon, any substances defined as "hazardaus materia.�," "to�ic substances,"
<br /> "hazardaus waste" ar "hazardous substance" under any En�ironmen�al Law.
<br /> Trustor repr�sen�s, warrants and agrees that:
<br /> A.Except as prev�ousi�r disclosed and acknowledg�d in wri�ing to Beneficiaxy, na Hazardous Substance xs
<br /> �r w�ll be �ocated, stored ar rei�ased on or in the Property. Thxs res�rxction does no� apply ta sma�I
<br /> quantities af Hazardaus Substances that are g�n�ra��y recognized to be apprapriate for the normal use
<br /> and maintenance o f the Prnp erty.
<br /> B. Except as prevYously disc�ased and acknowl�dged in writing to Beneficiary, Trustor and every tenan�
<br /> have been, are, and sha.��remain in full complxance vvith an�appl�cable En�ironmenta.l Law,
<br /> C.Trustor sha�� immediately notify Beneficiary if a r�Xease or threa�en�d r��ease of a�[azardous Substance
<br /> occurs on, under or ahout the Property or there �s a vi�lation of any En�ironmenta�. Law concerning the
<br /> Property. Yn such an event, Trustar shall take a11 necessary remedial action xn accordance with any
<br /> Enviran�mental Law.
<br /> D.Trustor sha�l immediately notify Beneficxary in writing as saan as Trust�r has r�ason to be�ieve there is
<br /> any p�nding or threatened investigation, clax_na, or praceedxng relating ta the release or �hr�a�ened
<br /> r�lease of any Hazardous Substance or the vxolatian af any Environmenta� Law.
<br /> 12. ESCRQW F�R TA�ES AND INSURANCE. UnJ.ess o�herwise provYded �n a separate agreement, Trustar
<br /> wi1l not be required ta pay to Senef�ciary funds for taxes and insurance in�scrow.
<br /> 13. J�INT AND INDIVIDi3AL LIABILITY; C�-SIGNERS; SUCCESS�RS AND ASSIGNS B�iJ�N�D. AII
<br /> duties und�r this Security Instrumen� are joxnt and �ndi�idual. �f Trustor signs this Security Instrument but
<br /> does n�t sign an ev�denc� of deb�, Trustor does sa only to mor�gage Trustor's interest Yn the Propert� to
<br /> s�cure paymen�of the Secured I]eb�and Trustor do�s not agree to be personally�iab�e on the Secur�d Debt. �f
<br /> this Security Znstrumen� secures a guaranty between Beneficiary and Trustor, Trustor agrees to waive any
<br /> rights that may prevent Beneficxary fram bring�ng any actxan ar clavm against Trust�r or any party indebted
<br /> under the abligat�an. These r�ghts may include, but are not limited to, any antx-cief�c�en�y ar�n�-actxon laws.
<br /> The dut�es and benefits af this Securxty Instrument shall bxnd and benefYt the successors and ass�gns�f Trustor
<br /> and B ene�ciary.
<br /> 14. SEVERABILITY; INTERPRETATI�N. Thxs Security 7nstrument xs com�iete and fully int�grated. This
<br /> Security Instrument may not be amended or modified by oral. agreement. Any section in this Securxty
<br /> Instrument, attachments, or any agreement r�lat�d ta �he Secured D�bt that �onflic�s with applicab���aw wi11
<br /> not be eff�ctive, unless �hat law expressly or impliediy permits the variations by wr�tten agreement. If any
<br /> s�ction of this Security �nstrum�nt cannat be enf�rc�d accardin.g ta i�s terms, that sectxon will be severed and
<br /> wxXX nat affect the enfarceabx�xty of the remainder of this Security �nstrument. �Vhenever used, the si�ngular
<br /> sha�� inc�ude the plural and the pxural the singular. The captians and headings of�he sections af thxs Se�urity
<br /> Znstrumen� are for con�enience only and ar� not to be used to interpret or define the terms af�h�s �ecurity
<br /> �nstrument. Time is of the es sence in this Security�nstrument.
<br /> 15. SUCCE�S�R TRiJSTEE. Beneficiary, at Benefi�xary's aptian, may from t�me to time remove Trustee and
<br /> appoint a su��essor trustee withflut any ather formality than�he designatxon �n writing. The successor trustee,
<br /> wi.thout con�eyance of the Pr�pert�, shalx succeed to all the title, power and du��es canfer��d up�n Tr�stee by
<br /> this Security rnstrument and appx�cab�e law. � � � �� �
<br /> 16. N�TICE. Uniess oth�rwxse required by xaw, any notice sha.�� be given by deli�er�ng-�t:or by mail�ng �t by
<br /> first c�ass maii to the apprapriate party's address an page ]. af this Security Znstrument, or �o any other
<br /> address d�signated in writing. Notice to one trustor wii� be de�m�d to be notic� to a1.1 trustors. Trustor and
<br /> Beneficiary hereby request a copy of any notice of defau�t, and a copy of any notice of sa�.e ther�under, �e
<br /> mailed to each party at the address for such pa.rty set far�h an page 1 of thxs Se�urity Instru.ment.
<br /> 17. WAIVERS. Except ta the extent prahxb�ted by lav�, Trustor waives al.� appraisement and hamestead
<br /> exemption rights relatxng to the Prop�rty.
<br /> 1S. LINE aF CREDIT. The Secured D�bt xncludes a re�ol�ing line of credxt. A�though the Secured D�bt may
<br /> be reduced to a zera balance, this S�cur�ty Instrument,wi.l�remain in effect until released.
<br /> 5ecurity Instrum�nt-�per�-�nd-Cansumer-NE �CP-R�DT-NE 71212��1
<br /> VMPC�Bankers 5ystemsT"� VMP-C4G5tNE} {1�077.00
<br /> Wolters I�i�wer Financial Ser�i�es D�994,20�� Page 5 of 6
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