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<br /> 11. E�VIR�NMENTAL LA�rS AND HA�ARDQUS SUBSTANCES. As used in this section,
<br /> �1} Environmental Law means, without limitation, the Camprehens�ve En�rironmental. Response,
<br /> Gompensatian and Liab���.ty Ac� (CERCLA, 42 V.S.C. 96�1 et seq.}, and all o�her fed�ral, state and Iacal
<br /> laws, regulations, ordYnances, cour� ord�rs, attorney general apixuons or interpret�.ve Ietters cancerning the
<br /> pubiic health, safety, welfar�, environm.ent or a hazardvus substanc�; and�2} Hazardou.s Su�as�ance means any
<br /> toxic, radiaactive or hazardous mat�rial, waste, pollutant �r contaminant which has charac�er�stics which
<br /> render the substance dangerous or pot�ntially dang�raus t� the public health, safety, welfare or environment.
<br /> The term includes, vvYthout Iimi.tation, any substances defined as "hazardous material," "toxic �ubstances,"'
<br /> "hazardous waste" or "hazardaus substan.c�"under any Env�ranmental Lav�r.
<br /> Trustor represen�s, warrants and agrees�a.at:
<br /> A.Except as previously di�cl�sed and ackn�wledged in writing to Beneficiary, no Hazardous 5u�s�ance is
<br /> ar will be lacated, stored or released on or in the Propex�y. Thi� restriction does not apply ta small
<br /> quantities of Hazardous Substances that are generally recogn�zed ta be apprapriate for the normal use
<br /> and ma.intenance af the Property.
<br /> B. Except as pre�iously disclosed and acknowledged xn writing to Beneficiary, Trustor and ev�ry tenant
<br /> have b�en, are, and sha11 remain in fulX campiianc��w�.th an�applicable En�ironmenta�Law.
<br /> C.Trustor shall immediately natify Benefxciar�if a rel�ase or thr�atened re�ease of a Ha.2ardaus Substance
<br /> oGcurs on, under or about the Prapexrty ar there is a��oiation of any Environmenta.�Law concerning the
<br /> Property. In such an event, Trustor shall take alI necessary remedia� actian in accordan�e �vi�h any
<br /> Environm�ntai Law.
<br /> D.Trus�or sha11 imm�diat�ly natify Ben�fxcxary in writing as saon as Trus�or has reason to believe there is
<br /> any pending or threa�ened in�restigat�on, ciaim, �r proceeding r�lating ta the release �r threatened
<br /> release af any Ha.�ardous 5ubstan��ar the violation❑f any En�rronmental Law.
<br /> 12. ES�R�W F�R TA�ES A1�1D INSUF�AN�E. Unless otherwise pro�ided in a separa�e agreement, Trust�r
<br /> wil.l n�t be r�quired ta pay to Beneficiary funds far taxes and xnsuran��in escrow.
<br /> 13. JC]INT AND I1�TDT�'IDUAL LIA►.EILITY; �Q-SIGNERS; SUCCESS�RS ANI] ASSIGNS S�UND, A11
<br /> duties under this Security Instrument are j oint and �ndividual. If Trustor signs this Security Ynstrument but
<br /> daes not sxgn an �vidence of d�bt, Trustor daes so only to martgage Trustar"s interest �n the Proper�y ta
<br /> secure payment af the Secured Dei�t and Trustor does not agree ta�e personally Iia�ie an the Secured Debt. Zf
<br /> this Se�urity �nstrument secures a guaran�y b�tween Beneficiary and Trustor, Tru�tor agrees ta wa.i��re any
<br /> rights that may prevent Benefzciary from bringing any action or c�aim against Trustor or any party indebted
<br /> under the obiigatifln. These r�ghts may include,bu�are not I�mited�o, any ant�-deficiency �r ane-action Iaws.
<br /> The duties and henefi.ts of�h�s Secur�ty Ins�rument shall bind and benefit the successars and ass�gns of Trustor
<br /> and Benefi�iary.
<br /> 14. SEVERABILITY; INTERPRETATI�N. This 5ecurity Lnstrument is complete and fully integrated. This
<br /> Security �nstrument may not �e amended ar mad�fied by orai agreem�nt. Any section in this Security
<br /> Ynstrument, a�ta�hments, or any agreement related ta the Secured Debt that c�n�licts with applicable�aw will
<br /> not be effecti�e, unless that law expressly ar impli�dly p�rmit� the vari.atxans by writ�en agreement. Zf any
<br /> section of�hxs Security Ins�rument cannot be enfarced according ta its terms, that section will be severed and
<br /> wili not affe�� th.e enforceabilYty �f the remainder of this Securx�r �nstrument. Whenever used, �he singular
<br /> shaY.l include the p�ural and the plural the s�ngular. The captions and headings af the sections of this Security
<br /> Instrument are for �on�enience only and are n�t tfl be used to interpret ar define the t�rms �f th�s Security
<br /> Instrument. Time is of the essence in this Security Instrument.
<br /> 15. SITC�ESS�R TRUSTEE. BeneficYary, at Benefrc�ary's aption, may from t7m� �o time remov�Trus�ee and
<br /> appo�nt a successar trustee withaut any other farmal�ty than the designation in writing. Th�5uccessor trustee,
<br /> withaut canveyance af the Praperty, shall succeed��"a1�`t�e�i��k�w�er�-�d�cY��onferr�d upan Trustee by
<br /> this SeGurity�nstrument and applicable la�. �='�-= � :;�`-.`����`{����.-�`'�..�: _K':��' �� �
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<br /> 16. NDTICE, Unless otherwxse required b� 1aw, any��c�`��e�As�a:������=-���n-�����d���r��-�ing it or by ma.iling i� by
<br /> �irst class mai� Co �he appropriate party's address an page I of this Se�urity Instrum�nt, ar to any �ther
<br /> address designated xn writing. Not�ce to one trustor wil� h� deemed ta be natxce to aIi trustors. Trustor and
<br /> Beneficiary h�reby request a cnpy af any notice of default, and a copy of any notice af sale thereunder, be
<br /> mailed�a �ach parry at the address for such par�y set for�h an page �. af this Securi�y�nstrument.
<br /> 17. �V'AIVERS. Ex�ept �o the extent pr�hibxted by law, Trust�r waive� aIi appra�s�ment and hames�ead
<br /> exemption rights relating to the Property.
<br /> 1S. IfINE UF CR�DIT. The Secured I3e�t includes a r�vol�rYng lxne df credit_ Al�h�ugh the Secured D�bt may
<br /> ��reduce�.to a 2ero ba�.ance, this Securi.ty�nstrument wil�remain�n effect untii release�.
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