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2� 1 ��3832
<br /> 11. ENVIR�DNMENTAL LA'�VS AND HAZARD�JUS �UBSTANCES. As used in this sectian,
<br /> �1� En�ironmentai Law means, without limitatian, the Comprehensive Environmental R�sponse,
<br /> �ompensation and Liability A�t (CERGLA, 42 U.5.�. 95�1 et seq.}, and a11 ather federal, state and 1a�a1
<br /> laws, regulatians, ordinances, cvurt orders, att�rn�y general opinions or interpre�i�e letters concerning the
<br /> pub�ic health, saf��y, welfare, �n�iranm�nt or a hazardaus substance; and �2} Hazardvus Sub�tance means any
<br /> toxic, radioactive or hazardous material, waste, pollutant ar contaminant which has characteristics which
<br /> render the substance dangerous or pot�ntially dangeraus to the public hea��h, safe�y, welfare ar en��r�nment.
<br /> The term includ�s, without limi�atian, any su�stances defined as "hazardous ma�erial," "tdX1� 51,1b5ta17C�5,"
<br /> "hazardous waste" or "hazard�us substance" under any Environmental Lavv.
<br /> Trustor repre5ents, warrants and agrees that:
<br /> A.Ex�ept as pre�iously discl�sed ar�d acknow�edged in wriC�ng �o B�neficiary, no Hazardous Substan�� is
<br /> or wil� be la�ated, st�red ar released on ar in the Property, This restriction does not apply ta small
<br /> quantities af Hazardous 5ubstances that are genera��y recognized ta be apprapriate for the narmal use
<br /> and maintenance of the Proper�y.
<br /> B. Except as pre�iously disc�osed and acknQwiedged in writing tfl Beneficiary, Trustor and ev�ry tenant
<br /> ha�e�een, are, and shall remain in fu11 compliance with any appli�able En�ironmental Law.
<br /> �.Trustar shall immediately notify Beneficiary if a release or �hr�atened release af a Hazardous Substance
<br /> occurs on, under or ab�ut the Property or there is a�iolation of any Enviranmental Law concerning the
<br /> Property. In such an e�ent, Trus�or shall take all necessary remedial action in accardan�e wi�h any
<br /> Environmental Law.
<br /> D.Trustor shall imm�diate�y notify B�neficiary �n writing as soan as Tru�tar has reason t❑ b�lieve there is
<br /> any pending �r �hreatened in��stigation, claim, �r pr��eeding relating �a the re�ease or threatened
<br /> r�lease of any Hazardous Substanc�or the vinlation af any En�iranmentai Law.
<br /> 1Z. ESCR�W FUR TA�ES AND INSi3RANCE. Unless atherwise provid�� in a separate agreement, Trustar
<br /> will no�be required to pay �o Beneficiary funds far taxes and insurance in escrow.
<br /> 13. J�INT AND INDIVIDUAL LIABILITY; C[]-SIGNERS; S[J��ESSURS AND ASSIGNS BUUND. A11
<br /> duties under Chis S�curity Instrument are joint and individual. If Trust�r signs this 5ecurity Instrum�nt but
<br /> daes not �ign an �vidence of d��t, Trustor do�s sa �nly to m�rtgage Trustvr's interest in the Property ta
<br /> secure payment of the Secured D�bt and Trustflr does not agree��be personally liabl�on the Secured L3eb�. If
<br /> this Security Instrument secures a guaranty between Beneficiary and Trustar, Trustar agrees ta waive any
<br /> rights tha� may pre�ent B�neficiary from bringing any action or claim against Trustar ar any party �nde�ted
<br /> und�r th�abligation. These rights may include, but are not limi�ed tfl, any anti-d�ficiency ar one-a�t�on laws.
<br /> The d�ties and benefits of this Security Instrument shal] 1�ind and benefi�the suc�essars and ass�gns af Trus�or
<br /> and �en�ficiary.
<br /> 14. SEVERA►BILITY; INTERPRETATIUN. This 5ecurity Instrumen� is complete and fully integrated. This
<br /> Security Ins�rument may nat be am�nded or modified by �ral agre�ment. Any section in this Security
<br /> Instrument, attachments, or any agr�ement related tfl th� Secure� Debt that c�nflicts with applicable law wiil
<br /> not be effecti�e, unless that 1aw expressly or impliedly perrnits the variatians by writt�n a�reement. If any
<br /> section of this S�curity Instrument cannot �e enforc�d acc�rding to its terms, �hat sectian will �e severed and
<br /> will nat affect the enf�rceabil�ty of the rema�nder vf this Securi�y Instrument. Whenever used, the singular
<br /> sha�l include the plural and the plural the �ingular. The captians and h�adings of the sections of this Se�uri�y
<br /> Instrumen� are far Gan�enience only and are not t� be used to interpret or define the terms of this S�curity
<br /> InsCrument. Time is af the�ssence in�his S�curity Ins�rument.
<br /> 15. SUC�ESS�R TRUSTEE. Beneficiary, a� Benef�ciary's optian, may from time to time remo�e Trustee and
<br /> app�int a successor truste� withnut any other formality than the designati�n in writing, The 5uccessor tru�t�e,
<br /> with�u�conveyance�f the Prap�rty, sha�� succeed ta all the ti�le, power and duties conferred upon Trustee by
<br /> this S�curity �nstrument and applicable 1aw,
<br /> 16. N�TI�E. Unless otherwise required by law, any notice shall be gi�en by deli�ering it or by mailing it b�
<br /> firs� class ma�l tfl the appropriate par�y's address on page 1 of th�s S�curi�y Instrument, or to any oth�r
<br /> address designated in vvriting. Natice to one tru5tor wi�l he deemed to be notice to al� trustors. Trustor and
<br /> Beneficiary her�by re�uest a copy af any noti�e of default, and a �opy of any narice of sal� thereunder, b�
<br /> mailed ta�ach party at the addr�ss for such party set forth an page 1 af this Security �nstrum�nt.
<br /> 17, WAIVERS. E�cept to the extent prohibited by law, Trustor �vai�es a�l appraisement and h�mestead
<br /> exemption rights relating t�the Froperty.
<br /> 1$. LINE �F �REDIT. The Se�ured Debt includes a re�al�ing line of�r�dit. Althnugh the 5ecured Debt may
<br /> be reduced to a zera balan�e, this Security Ynstrument wi�I rema�n in effect until released.
<br /> Security Instrument-apen-�nd-Cansumer-N� �CP-REDT-NE 7121�d1 7
<br /> VM PC►�Bankers 5ystemsT"" V M P-C 4�5�N�� �1 107f.�D
<br /> Wolters Kluwer Financfal Ser�ices m1994,2D11 Page 5 of 6
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