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<br /> 11. ENVIR�NMENTAL LAWS AND HA,ZARD[]US SUSSTANCES. As used in this section,
<br /> ��.� Environmental Law means, without limitation, �.he Comprehensi�e Envrranmental Response,
<br /> Cam��nsatian and Liahil�ty Act (CERCLA, 4� LT.�.C. 96�1 et seq.�, and all ather federal, state and Ia�al
<br /> laws, regulation�, ordinances, court orders, attorney general opinions ar in�erpret��e letters concerning the
<br /> public health, safety, wexfare, en�ironment or a hazardous substance; a.n.d(2� Hazardaus Substance means any
<br /> taxic, radioactzve ar hazardou� materialy WaS��y pallutant or contaminant which has characteristics wh�ch
<br /> render the subs�ance dangerous ar pot�nt�ally dangerous to the publ�c h�al.th, safety, weifare or enviranment.
<br /> The term inc�udes, withou� �imitation, any substances defined as "hazardous materia.�," "toxic substauces,"
<br /> "hazardaus waste" or "hazardaus suUstance" under any Environmental Law.
<br /> Trus�or represents, warrants and agrees that:
<br /> A.Except as previously disclased an.d acknawled�ed in writing to Beneficiary, no Ha�ardous Substance is
<br /> or will be located, stared �r released on or in the Praper�y. This res�r�c�ion da�� not app�y to small
<br /> quantiti�s �f Hazardaus Su�s�ances that are genera�ly r�cognized to be appropriat� for the normal use
<br /> and maintenan�e of the Property.
<br /> B. Except as pr�vi�usiy disclosed and acknnwledged in wrztua.g to B�nefxciary, Trustor and e�ery tenant
<br /> have been, are, and shali remain in full comp�iance with any appli�able En�ironmental Law.
<br /> C.Trustor shall immediately natify Beneficiary if a release or threatened re�ease af a Hazardous Substance
<br /> occurs an, under ar about the Praperty or�here is a v�aXation af any En�ironmental Law concerning the
<br /> Property. In such an ��rent, Trustor shall take a1� necessary remedial actxan Yn a.ccardance wi�h any
<br /> Enviranmental Law.
<br /> D.Tru�tor sha.�� immediat��y nnt�fy Benef�ciary in wr�ting as sa�n as Trustor has reasan to believe there is
<br /> any pending or threatened in��stYga�ion, c1aYm, ar praceeding relating t� the re�ease ar threatened
<br /> release of any Hazardaus Substance or the violat�an of any Environmen�al Law.
<br /> 12. E�CR�yV F�R TA�ES AND INSTJRAN�E. Unless o�herwise pravided Yn a separate agre�ment, Tru�tar
<br /> wi11 not�e requ�r�d ta pay to B�neficiary funds for taxes and insuran�e in escrow.
<br /> 13. .��INT ANl] INDIVIDUAL LIABILITY; C4-SIGNERS; SUCCESS�RS AND ASS�[GNS �3DUND. AII
<br /> duti�s under this Secur�ty Ins�rument are j aint and �ndividual. If Trustor s�gns this S�curity Instrument �ut
<br /> daes na� sign an evidenc� of debt, Trustor does so only to martgag� Trustor's interest in the Praperty to
<br /> secure payment of the Secured Debt and Trustvr does not agree to be personally liable on�he 5�cured Debt. �f
<br /> this Secur�ty Instrument secures a guaranty between Ben�fic�ary and Trustor, Trustar agr�es to wai�re any
<br /> rights that may pre�en� Benefic�ary from bruiging any action or �la�m aga�nst Trustor or any party indebted
<br /> under the abligation. These righ�s may include, but are nat limited to, any an�i�defic�ency �r one-action laws.
<br /> The duties and�enefits of�his Security Ynstrument shall bind and benefit the successors and assigns of Trustor
<br /> and Beneficiary.
<br /> 14. SEVERABILITY; INTERPRE'�`ATIC]N. This Security �nstrument is complet� and fu�Iy integrat�d. This
<br /> Security �nstrument may nat �e amended or modified by ara� agreement. Any sectx�n in this Security
<br /> Ins�rument, attachmen�s, or any agreement reiated to the Secured I]ebt that conflYcts with app��.cable law wi11
<br /> not b� effecti�e, un�ess that law expr�ssly or implie�ily pex-mits the �ariatians by writ�en agreement. �f any
<br /> section�f this Securzty �nstrument cannot be enforced according to �ts terms, that sectian wi11 be se�ered and
<br /> will not affect the enfarceability of the remainder of thxs Securzty Instrument. Whenever used, the singular
<br /> sha11 inc�ude the plural and the plural the singular. The captions and headYngs of the sections of this S��urzty
<br /> Instrumen� are for canvenience only and are not �o be used to interpret ar def�ne the terms of this Security
<br /> Instrument. Time is of�he essence�n this 5ecurity Instrum�nt.
<br /> 15. SUCCESS�R TRUSTEE. Beneficiary, at Beneficiary's aption, may from time to time remo�� Trustee and
<br /> appoint a successor trustee w�thout any other farmaiity than.the desigr�a�ion�:n��v�r-�t�ng. The succ�ssor trust�e,
<br /> wi�haut conveyance of the Prop�xrty, shal� succeed�o a1I-t�.e�ifi1e,�'power and�duti�s conferr�d upon Trustee by
<br /> this Security Instrument and applicable�aw. - - . : . . : . -"°" _ , .. . � _ ;
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<br /> 16. NaTICE. Uniess ntherwise requ�red �y law, any na�ice sha11 be g�ven by cielivering �t or by mailing it �y
<br /> _ first class mail �o the appropriate party's address �n page � of th�s Security Instru.me��, or to any other
<br /> address d�signated in writ�ng. Notice to one trustor wi11 be deemed to be notice �o aII �rustars. Trustar and
<br /> Beneficiary here�y request a �opy of any notice of defauit, and a capy af any notice of sale thereunder, �e
<br /> ma�led�o each party at the address for such party set forth an page I of this Secur�ty Instrument.
<br /> 17. WAIVERS. Except to the extent pr�hibit�d by 1aw, Trustor wa.�ves all appraYs�m�nt and homes�ead
<br /> exemptxan rights relating to the Property.
<br /> 18. LINE �F CREDIT. Th� Secured Deb� includes a re�ol�ing line af�redit. Although th� Secured lJ�bt may
<br /> be reduced ta a zero�alanc�, this Security�nstrumen�wi�� remain in effect un��X released.
<br /> S�cUrity Instrument-�pen-End-Cansumer-N� DCP-R�DT-N� 712120�'1
<br /> VMPD Bankers Systems� VMP-C465�NEy {11 D7y.Q0
<br /> Wvlters 1�[uwer Financial ServiGes�1994,2Q�1 Page 5❑f 6
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