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201603117
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Last modified
7/3/2017 5:40:23 PM
Creation date
5/19/2016 11:38:56 AM
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DEEDS
Inst Number
201603117
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f , <br /> 201603117 <br /> contaminant which has characteristics which render the substance dangerous or potentially dangerous <br /> to the public health,safety,welfare or environment.The term includes,without limitation,any <br /> substances defined as "hazardous material," "toxic substances," "hazardous waste"or"hazardous <br /> substance"under any Environmental Law. <br /> Trustor represents,warrants and agrees that: <br /> (A)Except as previously disclosed and acknowledged in writing to Beneficiary,no Hazardous <br /> Substance is or will be located, stored or released on or in the Property.This restriction does <br /> not apply to small quantities of Hazardous Substances that are generally recognized to be <br /> appropriate for the normal use and maintenance of the Property. <br /> (B)Except as previously disclosed and acknowledged in writing to Beneficiary,Trustor and every <br /> tenant have been, are,and shall remain in full compliance with any applicable Environmental <br /> Law. <br /> (C)Trustor shall immediately notify Beneficiary if a release or threatened release of a Hazardous <br /> Substance occurs on,under or about the Property or there is a violation of any Environmental <br /> Law concerning the Property.In such an event,Trustor shall take all necessary remedial action <br /> in accordance with any Environmental Law. <br /> (D)Trustor shall immediately notify Beneficiary in writing as soon as Trustor has reason to believe <br /> there is any pending or threatened investigation,claim,or proceeding relating to the release or <br /> threatened release of any Hazardous Substance or the violation of any Environmental Law. <br /> 18. Condemnation. Trustor will give Beneficiary prompt notice of any pending or threatened <br /> action,by private or public entities to purchase or take any or all of the Property through <br /> condemnation,eminent domain,or any other means. Trustor authorizes Beneficiary to intervene in <br /> Trustor's name in any of the above described actions or claims.Trustor assigns to Beneficiary the <br /> proceeds of any award or claim for damages connected with a condemnation or other taking of all or <br /> any part of the Property. Such proceeds shall be considered payments and will be applied as provided <br /> in this Security Instrument. This assignment of proceeds is subject to the terms of any prior mortgage, <br /> deed of trust, security agreement or other lien document. <br /> 19. Insurance. Trustor shall keep Property insured against loss by fire,flood,theft and other <br /> hazards and risks reasonably associated with the Property due to its type and location.This insurance <br /> shall be maintained in the amounts and for the periods that Beneficiary requires.What Beneficiary <br /> requires pursuant to the preceding two sentences can change during the term of the Secured Debt.The <br /> insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficiary's approval, <br /> which shall not be unreasonably withheld. If Trustor fails to maintain the coverage described above, <br /> Beneficiary may,at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property <br /> according to the terms of this Security Instrument.Trustor acknowledges and agrees that Beneficiary <br /> or one of Beneficiary's affiliates may receive commissions on purchase of this insurance. <br /> All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard <br /> "mortgage clause"and,where applicable, "loss payee clause."Trustor shall immediately notify <br /> Beneficiary of cancellation or termination of the insurance.Beneficiary shall have the right to hold <br /> the policies and renewals. If Beneficiary requires,Trustor shall immediately give to Beneficiary all <br /> receipts of paid premiums and renewal notices.Upon loss,Trustor shall give immediate notice to the <br /> insurance carrier and Beneficiary. Beneficiary may make proof of loss if not made immediately by <br /> Trustor. <br /> Deed Of Trust Closed End-NE <br /> Bankers Systems.VMP® 0312016 <br /> Wolters Kluwer Financial Services 0 2014 2016050916.1.0.3454-N20160318N Page 6 of 10 <br /> 3 ..--) . <br />
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