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2� 1 ��3392
<br /> 11. ENVIRUNMENTAL LAyVS AND HA�ARD�[]S SUSSTANCES. As used in this section,
<br /> (1} En�ironmen�al Law mean5, without l�mitation, the �omprehensi�� En�iranmental Respanse,
<br /> �ompensat�on and Liability Act �CERCLA, 4� LJ.5.C. 95�1 et seq.}, and a11 flther fed�ral, sta�e and laca�
<br /> 1aws, regulations, ordinances, cour� arders, a�torney genera� opinions or interpretive letters c�ncerning the
<br /> public health, saf��y, welfare, en�ironment ar a hazardou5 substance; and ��} Hazardous Su�stance means any
<br /> �oxi�, radioacti�e or hazardous materia�, waste, pollutan� ar contaminant which has characteristics which
<br /> render the substance dang�rous or patentially dangerous to the pul�lic health, safety, welfare or�n�ironment.
<br /> The term includes, withnut limitatian, any substances defined as "hazardaus material," "tvxic substances,"
<br /> "hazardaus waste" or "hazardaus suhstance" under any En�irflnmental Law.
<br /> Trustar represen�s, warrants and agrees that:
<br /> A.Ex�ept as previously disclflsed and acknowl�dged in writing ta Benefi�iary, no Hazardous Su�s�ance is
<br /> ar wi�l be located, stored or released an ar in the Praperty. This restriction daes nat apply ta small
<br /> quan�ities of Hazardous Substanc�s that are general�y recognized to be appropriate for th� normai use
<br /> and maintenance of the Property.
<br /> B. Ex�ept as pre��ously disc�osed and acknow�edged in writing t� Beneficiary, Trus�or �nd e�ery �enant
<br /> ha�e b��n, are, and sha11 rema�n in full campliance with any applica�le Environmental Law.
<br /> C.Trustor sha11 immediate�y notify Beneficiary if a release or threaten�d releas�flf a Ha.�ardaus Substance
<br /> occurs on, under ar a��ut th� Property or there is a�ivlation of any En�ironmen�ai Law cancerning the
<br /> Property. In such an ev�nt, Trustor sha�i take a1l nece5sary remedia� action in accordanGe with any
<br /> En�ironmental Law.
<br /> D.Trustor shall �mmediate�y not�fy �eneficiary in writing as soon as Trustor has reason to belie�e there is
<br /> any pending or threatened in�estigatian, claim, ar proceeding re�ating ta the release or threatened
<br /> release of any Hazardaus Substance or the�ialation af any En�ironmental Law.
<br /> 12. ES�RUyV F[3R TA�ES AND INSURANCE. Unless otherwise pro�ided in a separate agreement, Trustor
<br /> w�11 nnt be required to pay tfl Beneficiary funds for taxes and insurance in escrow.
<br /> 13. ��INT AND INDIVIDUAL LIABILITY; C�-SIGNERS; SUC�ESS�RS AND ASSIGNS B�UND. A11
<br /> duties under this Se�urity ins�rument are joint and indi�idual. If Trustar signs this Se�urity Instrument but
<br /> daes not s�gn an e�idence flf de�t, Trustor daes so �n�y to mortgage Trustflr's interest in the Pr�perty ta
<br /> secure payment of the 5ecured Debt and Trustnr daes na� agree to be pers�nally l�able an the Secured De�t. If
<br /> this Security Instrum�n� s�cures a guaranty between B�neficiary and Trust�r, Trustor agrees to wai�� any
<br /> rights that may prevent Beneficiary from bringing any activn or claim against Trustor ar any party indebted �
<br /> under the obligat�on. These rights may �nclude, but are not limi�ed ta, any anti-deficiency ar ane-action laws.
<br /> The duties and benefits flf this Security Instrument shall bind and benefit the suc�essors and assigns of Trustor
<br /> and Beneficiary.
<br /> 14. SEVERABILITY; INTERPRETATI�N. This Security �nstrument is complete and fully integrated. This
<br /> Securi�y Instrument may n�t be amended or modifie� by oral agreement. Any �ectian in this Security
<br /> Instrument, attachments, or any agreement related to the Secured Debt that canflicts with applicable law will
<br /> not be eff�cti�e, unless �hat Iaw expressly nr imp�iedly permits the �ariations by written agree�nent. If any
<br /> sectian of this Security In�trument cannot be enfor��d acCording to its terms, that sect�on wi11 be se�ered and
<br /> will not affect the enforceabi�i�y af th� remainder of this Security Ynstrument. Whene��r used, the singular
<br /> shall include the plural and the plural the singular. The�aptions and headings af the sections of th�s Securi�y
<br /> Instrument are for can��nienc� only and are not to �e used �o interpret or define th� terms af this Security
<br /> Instrument. Time is of th�ess�nce in this Security �nstrumen�. �
<br /> 15. SUC�ESS�R TRUSTEE. Beneficiary, at Beneficiary's flptian, may fronz time to time rem�ve Trustee and
<br /> appoint a successar trustee without any other f�rmality than th�designati�n in writing. The successor trustee,
<br /> wi�haut con�eyance of the Proper�y, sha11 succeed ta a11 the title, power and duties canferred upon Trust�e by
<br /> this Security Instrument and appli�able�aw.
<br /> 15. N�TICE. Lrnl�ss atherwise required by law, any notice shall be gi�en by delivering it or by mailing i� by
<br /> first class mail to the appropriate party's address on page 1 of this Security Instrument, ar tfl any o�her
<br /> address designated in writing. Natice to one trustor wi11 be de�med tn be notice to a�i trustors. Trustor and
<br /> Benef�ciary hereby request a copy of any notice of default, and a copy of any n�ti�e af sale thereund�r, be
<br /> mailed ta each party at the address far such party 5et forth an page 1 of this Secur�ty Instrument.
<br /> 17. WAIVERS. Except to the extent prohibit�d by law, Trustor waives all appraisement and homestead
<br /> exemption rights relating to the Proper�y.
<br /> 18. LINE �F �REDIT. The Se�ured Debt includ�s a re��l�ing line of credit. Although the Se�ured Debt may
<br /> be reduced to a zero balance, this Securit� Instrumen�will remain in effect until releas�d.
<br /> Security lnstrument-�pen-End-Consumer-NE DCP-REOT-N� 71212�1 i
<br /> UMPQ Bankers 5ystemsT"' VMP-C465iNEy (1 1077.Q(3
<br /> Walters Kluwer Financial 5er�ices�1994,�O1 i Page 5 of 6
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