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2� 1 ��5995
<br /> 11. ENVIRUNMENTAL LAWS AND HAZARDUUS SUSSTANCES. As used in th.zs section,
<br /> �1} Enviranmenta� Lavv means, wxthau� lim�tat�on, the C�mprehensi�e En�ironmental Respanse,
<br /> Campensatian and Liab�lity Act tCERCLA, 42 U.S.�. 96D�. et seq.}, and aII vther federai, state and Ioca1
<br /> laws, regulatiflns, ard�nances, �our� orders, at�orney general opinions or interpretive Ie�ters �oncerning the
<br /> pub�Yc heal.�h, saf�ty, welfare, enviranment or a hazardous substance; and(2} Hazardous Substance means any
<br /> toxic, radioactive or hazardous materi.al, waste, pol�utant or contaminant which has characteristics which
<br /> render the subs�ance dangeraus ar potent�al�y dangerous �o the public hea�th, safety, welfare ar env��ranment.
<br /> The term includes, without Iim�tation, any substances def�.n.ed as "hazardous material," "toxic substances,"
<br /> "hazardous wast�" or "hazardous substance" under any Enviranmental Law.
<br /> Trustor represents, warrants an.d agrees that:
<br /> A.E�cept as previously disclosed and acknowledged in writing to B�neficiary, no Hazardous Substance is
<br /> ar wi�1 be lncated, stored or released on or in the Praper�y. This restric�ion does not apply to sma11
<br /> quan�i�ies of Hazardous Substances that are generally recagnized �o be appropriate far the narmal use
<br /> and maintenance�f the Property.
<br /> B. Except as previous�y disclosed and acknow�edged in writing to Benef�c�ary, Trustar and every tenant
<br /> hav�been, ar�, and shal�remain.in fu11 campl�ance with any appxzcab�e En��rflnmen�al Law.
<br /> �.Trustor shall immediately nn�ify B�n��iciary �f a release ar threaten�d r�xease of a Hazardous Subs�ance
<br /> accurs on, under or abaut the Prop�rfiy ar ther� �s a v�olation of any En�irflnm�n�a1 Law concerning the
<br /> Propexrty. In such an event, Trustor shal.I take al.l necessary r�medial action xn accardance with any
<br /> Environmen�a�Law.
<br /> D.Trustor sha�� immed�ately notify Benefxciary in writing as soon as Trustor has reason to beli��e there �s
<br /> any �ending or threatened inv�st�gatian, ciaim, or proceeding relating to the release �r threatened
<br /> release of any Hazardous Substance ar t.�e v�ola�ian of any Enviranmental Law.
<br /> 12. ES�RU�W' F�R TA.�ES AND INSURANCE. Unless atherwise provided in a separate agreemen�, Trustor
<br /> wi�i na�be requzred�o�ay to Benef�ciary funds f�r ta.x.�s and insurance in escraw.
<br /> 13. J�INT AND INDIVIDUAL LIA�ILITY; ���-SIGNERS; SUCCESS(]RS ANI3 ASSIGNS B�UNl). A1�
<br /> dut�es und�r this Secur�ty Instrument are j aint and indiv�dual. If Trust�r signs this Se�urzty Instrument bu�
<br /> daes not sign an ev�dence of de�t, Trustor daes so only to mor�gage Trus�ar's inter�s� in the Property to
<br /> secure paymen�of the Secured Deb�and Trustor does not agr��to b�p�rsona�.ly Iia�Ie an the S��ured I�ebt. �f
<br /> this 5ecu.rity Instru.men� secures a guaranty be�ween Beneficiary and Trustar, Trustor agrees to waive any
<br /> rights that may prevent Beneficiary from bringing any a��xon ar cla.nm against Trustar or any party indebted
<br /> under the a��igatxon. These r�ghts may include, but are not Ixmited to, any anti-deficiency ar one-a�txon Iaws.
<br /> The duties and ben�fits af thxs Security Instrument shall bind and benefit the successars and assigns�f Trustor
<br /> and Beneficiary.
<br /> 14. SEVERABILITY; INTERPRETATI�N. Thxs Secur�ty Instrument is complete and ful�y integrated. Th�s
<br /> Security Instrument may not be amended �r modified by oral agreement. Any section in �his Secur�ty
<br /> Instrument, attachments, or any agreement re�ated to �he Secured I3ebt that cflnfli�ts w�th appxxcabie Iaw w�11
<br /> not be effective, unless that lavv express�y or impiied�y pemaits the varia�ions by written agreement. If any
<br /> sect�on of this Security Instrument cannot be enforced according�o its terms, that sec�ion wi��be severed and
<br /> vc��l n�t affec� the enforceabxlity of the remainder of this S�curity Ins�rument. 'L�Vhenever us�d, tla.e s�ngular
<br /> shall �nclude the p�ural a�d the piura�the singular. The captions and headxngs of�he sections af this 5ecur�ty
<br /> Instrument are for �onvenience anly and are not �o be used to interpret or define �he terms of this Security
<br /> In.strument. Time is af the essence in this Security Instru.ment.
<br /> 15. SU���SS�R TRUSTEE. Benef�ciary, a� Ben�f�cxary's opt�.an, may from time to time remove Trustee an.d
<br /> appaint a successor trustee without any o�her formality than the des�gnation rn wr��ing. Th�successor trustee,
<br /> withaut canveyance of the Property, shall succeed to a11 th�titl�, pawer and duties conferred upon Trustee by
<br /> thxs Se�urity Ins�rument and applica�ie�aw.
<br /> 1G. N�TICE. Unless oth�rwis� requxred by law, any no�ice shaxi be given by delivering it or by mail�ng i� by
<br /> first class mail to the appropriate party's address on pag� 1 of this Securi�y Instrument, or to any other
<br /> address des�gnated in wri�ing. NotYce �a ane trus�or vvi11 be deemed to be notice to a11 �rustors. Trustor and
<br /> Beneficiary hereby requ�st a copy of any not�ce of default, and a copy of any not�ce af sale thereunder, be
<br /> maiied to each party a�the address for such party set forth on page l. of this Secur�ty In.strument.
<br /> 17. WAIVERS, Except ta the exten� prohibi�ed by 1aw, Trustor waives a11 apprais�ment and homest�ad
<br /> exempti�n r�ghts reXating to the Pr�p�r�y.
<br /> 1S. LINE �F CREDIT. The Secured Debt includes a revol�ing Iine of credit. Although the Secured Debt may
<br /> l�e reduced ta a zero balance, this Security Ynstrument will remain in effect un�il re�eased.
<br /> Security Instrument-�pen-�nd-Cvnsumer-NE �CP-R�DT-NE 71212�1 T
<br /> VMPC�7 Bankers 5ystemsT"^ VMP-C455{NE} ����7}.��
<br /> Walters Kluwer�inancial Ser�ices D1994,2�11 Page�af 6
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