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<br /> 11. ENVIR�I�MENTAL LA�L,� AND HAZA.RD�US SUBSTANCES. As used in this sect�on,
<br /> �1) En�iron.men�a�. Law means, without Iimitation, the C�mprehensiv� Environm�nta�. Response,
<br /> �omp�nsat�on. and Lxabi�ity Act �CER�LA, 4� U.S.C. 9641 et seq.�, and all ather federal, �tate and Io�al
<br /> laws, regulations, ordvaances, caurt orders, a�tarney general opinions ar interpretive Ietters cancernin.g the
<br /> public health, safety, welfare, �nvironment ar a hazardaus substance; and�2� Hazardous 5ub�tanc�means any
<br /> toxic, radioac�i�e ar hazardous materiai, waste, pollutant �r contaminant which has characterxs��cs which
<br /> render the subs�an�e dangeraus ar poten�iatly dangerous to the�aub��c health, safety, �veifare or en��ranment.
<br /> The term includes, without �inaitation, any sub�tances defined as "hazardous material," "taxic �ubs�ance�,"
<br /> "hazardous waste" or "�1��.TC�Q�1S 51.I.�lS��I7.C�" under any Environmental Lavcr.
<br /> Trustor represents, warrants and agrees that:
<br /> A_Except as previously disclQsed and acknaw�edged in writing to Eeneficiary, no Hazardous 5ubstan�e is
<br /> or will be 1�cated, stored or released an �r in the Property. Thzs restriction does not appl� t� small
<br /> quantxties of Hazardous Substances that are generaliy recognized ta �e appropr�a�e f�r the n�rmal use
<br /> and maintenance of the Property.
<br /> B. Except as previausl}� disclased and acknowledged in writing to Benef�ciary, Trustar and every t�nant
<br /> have�een, are, and shall remain zn fu1�campliance with an�app�icable En�xr�nmental Lav�.
<br /> �.Trustor sha11 immediately natify Benefic�ar�if a release or�hreatened release of a Ha�ardous Subs�ance
<br /> occurs fl�, under or about the Prop�rty or there is a vi�lation flf any En�Yronmenta� �aw�oncerning�he
<br /> Property. In su�h an event, Trustor shall take a�l necessary remedial act�on �n accordance vc�ith any
<br /> En�ironmen�al Law.
<br /> D.Trustnr shall immediately notify B�n�fx�iary in�vriting as saan as Trustor has reason to beiieve there is
<br /> any pending or t�ireatened in�vestigation, claim, �r proceed�ng re�at�ng �a the reXease Qr threatened
<br /> releas�of any Hazardous 5ubstance ar the�iolation�f any En�ironmental Law.
<br /> 12. ES�R��W' F�R TAXES Ah�D T�SURAI�TCE_ Un�.ess o�herw7se provxded �n a separate agreement, Trust�r
<br /> will nat be required ta pay ta Benefxciary funds far taxes and insuran�e in escraw.
<br /> 13. J�II�TT A�l] INDIVIDUAL LIASILITY; C�-SIG-�TERS; SUC�ESS�RS AND ASSI�NS �QUND. All
<br /> du�zes under this 5ecuri.ty Ins�ru.n�ent are j oint and ind�vidual. Yf Trustar signs this Securzty Instrument but
<br /> does not sign an evidence of debt, Trustor does �� on�y �o martgag� Trustor's interes� Yn the Prflperty to
<br /> secure paym�nt of the Secured Debt and Trustor does not agree to be persanally�iahl�on the Secur�d I]ebt. Zf
<br /> this 5ecurity Ynstrurnent secures a guaran�y betw�en Beneficiary and Trus�or, Trustor agrees to waive any
<br /> righ�s that may prev�nt Beneficiary from bring�ng any ac�ion or claim against Trust�r or any party indebted
<br /> under the�bligatxon. Thes�rights may include,�ut are not limited ta, any anti-defi�iency or one-action laws.
<br /> The du�ies and b�n�fits of this Securxty Ins�rument shal.I bind and b�nefit the success�rs and assigns af Trustar
<br /> and Beneficiary.
<br /> 14. SEVERA�3ILITY; I�ITERFRETATI�N. Thzs 5e�urity Instrument is �omp�ete and fully integrated. This
<br /> Security Znstrument may not �e amended or modified by oral agr�ement. Any sect�on in this Security
<br /> �nstrum�nt, at�a�hments, ❑r any agreem�nt re�ated to the Secured 17ebt that conf�icts w�th applica�Ie Iaw vvill
<br /> no� be eff�cti�e, unless that law expre�sly or i.mpli�dly p�rmi�s the �ariations by writt�m agreement. If any
<br /> sec�xon of this Security�n�trumen�cannot be enforced accord�ng�o its terms, that s��ti�n w�l�be se�ered and
<br /> will not affect the enforc�ability of�he rexnainder af th�s Security Instrument. Whenever used, the singular
<br /> sha.�� include�he p�ural and the plural the singular. The captians and headzngs of the sectians af thzs Security
<br /> Instrument are far con�enience only and are not ta be used to interpret or define the �erms of thi� Security
<br /> Instrument. Time xs of the essence in this Securzty Instrument.
<br /> 15, SiTCCESS�R TRiJSTEE. Senef7Giary, at Beneficiary's optian, may from tim� �a time remv�� Trustee and
<br /> appaint a�uccessor�rust�e u�xthout any at.�ier farmality than.Che designatxon in writ�ng. Th�succ�ssor trustee,
<br /> withou�conveyance of the Property, shall succeed to aII.�h.e-title,p�v�er:and.dutxes�conferr�d upan Trustee by
<br /> this Security Ynstrument and appl�cable law. " � ° . � `
<br /> 16. N�TICE. Unless athervvise requYred by I.aw, any notic�_sha11 be-given�by�delivering�it ar by ma�Iing it by
<br /> f�rst class mail ta the apprapriate part�'s address on page 1 of this Security Lnstrument, or to any �ther
<br /> address designated in writing. Not�ce to one �rustar v�ill be deemed ta be n�tice �o a1I trustors. Trustor and
<br /> Beneficiary her�by request a cop� of any notice of defau�t, and a copy af any natice of sale thereunder, be
<br /> mailed to each party at the addr�ss for such par�y set farth nn page I of this Security Znstrument.
<br /> 17. WAIVERS. Except t� th� extent prahibited by law, Trustar wai�res aJ.l appraisement and hom�stead
<br /> exemp��on r�ghts relating to the Proper�y.
<br /> 1S. LII�TE �F C1zEDIT. The Secured I�ebt includes a revol�ing lxne of�r�dit. Althaugh the Secured Debt may
<br /> �ae reduced to a�ero balance, this Security Instrument will remaxn in effect until released.
<br /> 5ecurity Instrt�ment-�pen-End-C�nsumer-NE DCP-R�DT-NE ?12120'f T
<br /> VMP�Bankers 5ystemsT"' VMP-C465{NE3 {1 1 D7yA0
<br /> Wolters Kluwer Financiai 5ervices 01994,2Q 1� Page 5 af 6
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