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<br /> 11. ENVIR�NMENTAL LA�L�'4TS AND HAZARD�US SUSSTAN�ES. As used �n thrs section,
<br /> �1} En�ironmental Law means, without lrmi�ation, the Campreh�nsive Environm�ntal Response,
<br /> ��mpensation and Liabili�y A�t ��ER�LA, 4� IJ.S.C. 96��. et seq.}, and ai� other federal, sta�e and local
<br /> 1aws, regulations, �rd�nances, cour� orders, attorney gen�ral opu7.Xons or interpre�ive Ie�ters cancerning the
<br /> public healt.h., safety, welfaxe, env�ronment ar a hazardous su�stance; and�2} Hazardous Substance means any
<br /> �oxic, radiaactr�re or hazardaus materia�, waste, pollutant or �ontaminant whr�h has �hara�teristics which
<br /> render the substance dangerous ar po�en�ia.l.�y dangerous t❑ �he publ�c health, safety, welfare or �n�iranment,
<br /> The term includes, without �xmitatxon, any substan�es defined as "hazardous material,"' '"toxi� substances,"
<br /> "hazardous waste" or "hazardous substance" und�r any Enviranmental Lau�.
<br /> Trustor represents, warrants and agrees that:
<br /> A.Except as pre�iously disc�os�d and acknow�edged in writing ta 8eneficiary, no Hazard4us Substan�� is
<br /> or will be lacated, stor�d nr released on or in the Property. This restriction �oes not apply to smali
<br /> quantities af Hazardous Substances that are genera.��y recognized to �e apprapriate for tl�e narmax use
<br /> and maintenance of the Prope�r�y.
<br /> B. Except as previously disclosed and acknovvledg�d in wrxtxng ta Benefxciary, Trustor and e�ery t�nant
<br /> ha�e been, are, and shall remain in full complian�e with any appli�a�1�Environmental. Law.
<br /> �.Trustor sha�.l �mmedxat�Iy notify Benef�ciary if a rel�ase ar�.a.rea�ened release of a Hazardaus Su�stance
<br /> ��curs on, under or about the Prop�rry or there is a violation af any Envxronmenta� Law cancernrng �he
<br /> Praperty. Zn such an. event, Trustor shall �ake a.XX necessary remed�al actian in ac�ordance with any
<br /> Environmental Law.
<br /> D.Trustor sha.il immediately nat�fy Bene�ciary �n writing as soon as Trustor has reasan to b�lre�e there is
<br /> any pending �r threatened in�estigation, claim, vr pro�eeding relating ta the release or �hreatened
<br /> re�ease af any Hazardous Substance or the vialatian�f any Environmenta.� Law.
<br /> 12. ESCR�W F�R TA�ES AND INSURANCE. Unless ath�rw�se provYded �n a s�parate agreement, Tru��ar
<br /> wxll not be required t❑pay to B�n�ficiary funds for taxes and insurance in escrow.
<br /> 13. J�INT AND INDIVIDUAL LIAEILITY; C�-SIGNERSy SU��E�S�RS AND ASSI�NS B�UND. All
<br /> duties under this Se�urity �nstrumen� are jo�nt and individua.�. �f Trustor signs this Security 7nstrument but
<br /> does no� sign an evidence of debt, Trus�or does so on.ly ta mortgage Trustar's interest in the Property to
<br /> secure payment flf the Secured Deb�and Trustor does not agree ta be persona�Iy liab�e an�he Secured I3�bt. xf
<br /> this Security �ns�rumen� seGures a guaran�y betwe�n Benef�c�ary and Trustor, Trustor agrees to wa�ve any
<br /> rxghts that may prevent �en�fi��ar�y frflm bringing any action or claim against Trustor or any party inde�t�d
<br /> under the obligatian. These rights may include, but are nat Iimi�ed�a, an�anti--deficien�y or ane�actian laws.
<br /> The duties and benefits af�his Security Znstrumen�sha11 bxnd and benefxt�h� succ�ssars and assigns of Trustar
<br /> and Beneficiary.
<br /> 14. SEVER.ABILITY; INTERPRETATI4N. This Security Znstrum�nt is camplete and fully integrated. This
<br /> SecurYty �nstrument may not be amended or modified by oral agreement. Any section in this S�curity
<br /> �ns�rument, attachm�nts, �r any agreement related�o the Se�ured I3ebt�hat conflicts with applY�a�Ie Iaw wYll
<br /> not be �ffective, unless tha� �aw expressZy or �mpl��dly p�rmits �he variations by written agreement. �f any
<br /> sec�ian af thxs Security Instrumen� cannot be enforced according �o i�s terms, that s��tian will �e sev�r�d and
<br /> v�r��l not affect the enforceability of the remainder of th�s 5ecur�ty Instrument. �Vhene�er used, the singuiar
<br /> shall include the plural and the p�ural the sxngular. The captions and headings of the sectians of this 5ecur�ty
<br /> �nstrument are far conven�ence only and are nat to be used to in�erpret ar define th� terms of this Security
<br /> Znstrumen�. Tim�is of the essence in this 5ecurity �nstrum�nt.
<br /> 15. SUC�ESS�R TRUSTEE. B�n�ficiary, at Benefic�ary's ❑ptian, may from time ta time rem�ve Trustee and
<br /> appoint a successor trust��w�thout any a�her forma�i�y than the designation �n wr�ting. The su�cessar trust�e,
<br /> withaut conveyan�e�f the Praperty, shail succeed to a11 the tit�e, pawer and du�ies canferred up�n Trustee by
<br /> thxs Security Instrument and applicable law.
<br /> 15. N�TICE. Unless atherwise requzred by �aw, any natice shail �e given by d�l�vering it ar by mailing it by
<br /> f�rst class mail to the apprapriate party's address on page I of this Security Zns�rument, or ta any other
<br /> address designated in wr�ting. Notice to ane �rustor wYll be d��med to be notice to aIi trustars. Trus�ar and
<br /> Beneficiary hereby request a �apy of any no�ice of default, and a copy af any notice af sale thereunder, be
<br /> mailed to each par�y at the address for such party set forth an page 1 af this Security �ns�rument,
<br /> 17. WAIVERS. Exc�pt ta the extent prohibi�ed �y �aw, Trustar waives all apprais�ment and homestead
<br /> exempt�on rights relating ta the Property.
<br /> 1S. LINE �F CREDIT. The Secured I3ebt includes a revolv�ng line of cred�t. Althaugh th� Secured Debt may
<br /> be reduced to a zera�alance, this S�curity �nstrument w�11 rema.�n�n effect until re�eased.
<br /> 5ecurity lnstr�ment-�pen-End-Consumer-N� OCP-RE�T-NE 7l212�11
<br /> VMP�Bankers SystemsT�''' VMP-C455[N�� t��o�7.OQ
<br /> Wolters Kluwer�inan�ia!Ser�ices�1994,2�1� Page 5 a�6
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