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2� 1 �� 1975
<br /> 11. ENVIR�NN�NTAL LAWS AND HAZARD�]US SUB�TANCES. As used in this section,
<br /> �I} Enviranm�ntal Law m�ans, without Iimitation, �he Comprehen�xve Env�ronmental Response,
<br /> Compensation and Liability Act ��ER�LA, 42 [3.S.C. 96�1 et seq.}, and a.11 other federal, state and Iocal
<br /> laws, regulations, ordinances, court orders, attorney general opin�ons or xnterpr�tive Ietters �oncernxng the
<br /> public health, safety, we�fare, �nvironment or a hazardous substanc�; and��} Hazardous Substance m�ans any
<br /> t�x�c, radioactive ar hazardaus material, waste, po��utant ar contaminan� which has characteristics v�hich
<br /> r�nder the substance dang�raus or potentialXy dangerous to the pu��ic heatth, safety, welfare ar enviranment.
<br /> Th� term inc�udes, vv�thout limitation, any substan��s defin�d as "hazardous material," "taxic substances,"
<br /> �'hazardous vvaste" or "hazardous substance" under any Environmental Law.
<br /> Trustor r�presents, warrants and agrees that:
<br /> A.Ex�ept as previnusly dxsclos�d and a�knowiedged in writing �o Beneficiary, na Hazardous 5ubs�ance is
<br /> ar will be lacated, stored ar released on or in the Fraperty. This r�stric�ion daes not apply to small
<br /> quantiti�s af Hazardous Substances that are g�nerally recagniz�d to b� appropriate for the normaX use
<br /> and maintenan�e of the Proper�y.
<br /> B. Except as previously d�sclosed and acknflwledged in wrxting to Beneficiary, Trustor and every t�nant
<br /> have been, are, and shall rema�n xn fu11 �flmpliance with any applicab�e Env�ronmental Law.
<br /> C.Trustor shali immediately natify Benefi�iary if a release or threatened release af a Hazardous Substance
<br /> occurs on, under or about the Praperty or�here is a viaXat�on of any En�xranmental Lav�concernrng the
<br /> Pr�perfiy. In such an event, Trus�or shall take a11 necessary remed'za.l a��xan in accordance wYth any
<br /> Envrranmental Law.
<br /> D.Trustor shalx immediately notify Beneficiary in writing as soon as Trustor has reason to belie�e there �s
<br /> any pending ar threatened investigat�on, claxm, or pro�eeding relating ta �he release �r threaten�d
<br /> release of any Hazardous Substance or the vifllation of any Environm�nta� Law.
<br /> 12. ESCR.�W F�R TAXES AND INSURAN�E. Unless o�herwise provided in a separate agreement, Trustor
<br /> v�ill not be r�quired to pay to Bene�ciary funds for taxe� and insuran�e in�scra�.
<br /> 13. J�INT AND INDIVIDUAL LIA►BILITY; CQ--SIGI�RS; SU�CESSC]RS AND ASSIGNS B(]UNI3. All
<br /> duties under this S�curxty �nstrument are�oint and indivxdua.�. Tf Trustor signs this Secur�ty �nstrument �ut
<br /> daes not sign an evid�nce of debt, Trustor does sa on.1y �o mortgage Trustor's interest in the Proper�y �o
<br /> secure payment of the Secured D�bt and Trustar does not agre�to b�personally�iable�n�he Secured Deb�. If
<br /> this S��ur�ty Ynstrumen� secur�s a guaranty between Beneficiary and Trustor, Trustflr agr�es to waive any
<br /> r�ghts that may pre�ent Beneficiary from brxnging any action or c1aYm against Trustar or any par�y indebted
<br /> under the�bl�gation. These rights may include, �ut are not limxted ta, any anti�d�fxciency or one�a�txon Iaws.
<br /> The du�ies and benef��s af this Security Znstrumen�shall bxnd and benefit the successors and assigns of Trustor
<br /> and Beneficiary.
<br /> 14. S�VERA�3ILITY; INTERPRETATI�N. This S��urit~y Instrument �s c�mp�ete and fully �n�egrated. This
<br /> S��urzty Instrumen� may not be am�nded ar modified by aral agre�ment. Any section in this Security
<br /> Ins�rument, attachments, or any agreement re�ated to the �ecured Deb�that conflicts with appXacable lavv will
<br /> not be effect��e, unless that lavv expres�ly ar impliedly perm�ts the varxa�zans by writ�en agreem�nt. If any
<br /> section af thxs S��ur�ty Ins�rumen�cannot be enforced accordYng to its �erms, that section will be se�ered and
<br /> will not affe�� the enfarcea�ility of the remaainder of thYs Security �ns�rument. Whene�er used, the s�ngular
<br /> sha�X �n�lud�the plural and the plural the singular. Th��aptions and headings of the sections of this Security
<br /> �nstrument axe for c�n�enienc� only and are not ta be used �o interpret ar defxne the terms of this Security
<br /> �nstrument. Time is of th�essence�n this Security Instrument.
<br /> 15. SlU�CESS�R TRUSTEE, Beneficiary, at Benef�ciary's optzan, may from trme to time remove Trus��e and
<br /> appaxnt a su�cessar trustee withou� any❑ther formal�ty than the designatxon in writing. The su�cessar trustee,
<br /> with�ut con��yan�e af the Proper�y, sha�i succe�d ta all the title, pawer and dutaes canferred upon Truste�by
<br /> th�s Security�nstrument and app��cable 1aw.
<br /> 1�. N�TI�E. LTnless otherv�rise requxred by law, any n�t�ce shall be g��en by deliverxng it or by ma�l�ng it by
<br /> first class mail �o the apprapriate party's address on page I of �his �ecurxty �nstrument, or to any ather
<br /> address des�gnated in wr��ing. No��ce to ane trustor wi11 be d�emed to be notic� t� a.l.i trustors. Trus�or and
<br /> Benefxciary hereby reques� a copy of any notxce of defau�t, and a capy of any natice af saxe �hereunder, be
<br /> mailed�o ea�h par�y at the address far such party set forth an page 1 of�his S�curi�y�ns�rument.
<br /> 17. WAIVERS. Except to the extent prohibited by law, Trustar vvaives a.�I apprai.sement and homestead
<br /> exemption rights r�lat�ng to the Property.
<br /> 18. LINE �F �REI3IT. The Secur�d Debt includes a r��o�vxng Xine of�re�i�. Althaugh the S�cured Debt may
<br /> be reduced to a zero balance, this Security Instrument wili remain in effect until released.
<br /> Security Instrument-Q�en-�nd-Consumer-N� pCP-R��T-NE 71�1��11
<br /> VMPD 6ankers Systemsz"'+ VMP-C4fi5�N�} [�1 D7].OQ
<br /> Walters Kluwer Financiaf Ser�ices 01994,ZD�1 Pag�a of 6
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