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<br /> 11. ENVIR�NMENTAL LAWS AND I3AZARU�US SiTSSTAN��S. As used in this section,
<br /> �I} En�rronm�ntal Law means, without 1�mitatran, the Campr�hensive Env�ronm�ntal Respons�,
<br /> Campensa�ian and Liability Act �CERCLA, 42 U.S.�. 96�1 �� seq.}, and a.�l oth�r federal, state and 1acal
<br /> Iaws, regulatians, ordinances, couz-� arders, attorney genera� apinians ar in�erpretive letters cflnc�rn�ng the
<br /> public health, saf�ty, welfare, en�ironm�nt or a hazardous �ubs�anc�; and ��} Hazardous Substanc� means any
<br /> ttixi�, radioactive or hazardous material, waste, pollutant or contaminant which has charact�ristics which
<br /> render the substance dangeraus �r po�en�ialiy dangerous to �he public heaith, �afety, welfare ar �n�ironment.
<br /> The term includes, without I�mi�ation, any substances defin�d as "hazardous material," "to�cic su�stances,"
<br /> "hazardous waste" or "hazardaus substance" under any Environmenta.l Law.
<br /> Trustor represents, warrants and agr�es that:
<br /> A.Except as prev�ousxy disclased and acknowXedged in writing to Beneficiary, no Hazardaus Substance is
<br /> or will be located, stared or reieased on or in the Property. This restriction daes not apply �o smail
<br /> quantities of Hazardous Substances that are genera�ly recognized to be apprapriate far the normai use
<br /> and maintenance of�he Prop�rty.
<br /> B. Except as prev�ousxy disclosed and ackno,wledged in writing to Beneficiary, Trustar and every tenant
<br /> have been, are, and shall remain in full complxance wi�h any applicable Environmental Law.
<br /> C.Trustor shal� immediately natify Beneficiary if a re�ease ar threatened release of a Hazardaus Substance
<br /> o�curs on, under or abou��he Property ar there is a violatian of any En��ranmentaX Law��ncerning the
<br /> Proper�y. In S�,iC�1 an ��ent, Trustor shall �ak� a.li necessary remedial action xn accordance wi�h any
<br /> Environmental Law.
<br /> D.Trus�or sha.11 rmmediately notify Beneficrary in writing as soon as Trus�ar has reason�a believe�here i�
<br /> any pending or threatened �n�es�igation, �laim, or prace�ding relatYng to the r�lease or t.hrea�ened
<br /> release of any Hazardous 5ubstance or the violatian of any Env�ronmental Law.
<br /> 1Z. ESCR��W FOR TA�ES AND INSURAN�E. [Jniess otherwise provxded in a s�para�e agreement, Trustor
<br /> wYll nat be required�a pay to Benefi�iary funds f�r taxe� and�nsurance in escraw.
<br /> 13. J�INT ANY] INDIVIDUAL LIABILIT�Y; �[]�SIGNERS; SU�CESSC]RS AND ASSIGNS I3�i�ND. Al�
<br /> duties under this Security �ns�ruxnent are join� and indxvxdual. If Trustor signs this Security Instrument hut
<br /> do�s not sign an evidence of d�bt, Trus�or does so only �o mortgage Trus�ar's interest in the Pr�perty ta
<br /> s��ure payment of the 5ecured D�bt and Tru�tor daes not agre�ta be personally Iiabie on the Secur�d L�ebt. If
<br /> this Security 7nstrument secures a guaran�y between Beneficiary and Trustar, Trustor agrees ta wa�ve any
<br /> rights �hat may pre�ent B�n�ficiary from bringing any action or claim agains� Trus�or or any party indebted
<br /> under th�obX�gat�on. These rights may inc�ude, bu� are not limit�d to, any an�i-deficiency or one-action laws.
<br /> The duti�s and bene�ts of this Se�uri�y�nstrument sha11 bind and benefx�the successors and assrgn� of Trustor
<br /> and Ben�f�crary.
<br /> �.�. SEVERABILITY; INTERPRETATI�N. This �e�ur�ty Instrument is camplete and fully Yn��grated. This
<br /> S��uri�y Instrument may nat be amended or madified by ara.l agreement. Any section in this 5ecurity
<br /> Instrum�nt, attachments, �r any agre�ment related to th� Se�ured D�b��ha� conflicts with applicable Iaw wili
<br /> nat be effectYve, unless that Iaw expressly or impliedly permits the variations by written agreement. If any
<br /> section of this Security Yns�rumen� canna� he enforced a�cardrng to Yts �erms, tha� s�ction will b� severed and
<br /> v�ill not affect �he enforceabi�i�y of the remainder of thrs Security Instrument, Whenever used, the s�ngular
<br /> shall in�lude the plural and the plural th� singular. The captxons and headings af th� se�txons of this Security
<br /> �ns�rum�nt are far con�enience on�y and are not to b� us�d t� interpret or define the term� of�hi� Security
<br /> rnstrument. Time xs of the essence in this Secur�ty Znstrument.
<br /> 15. SUCCESS�R TRUSTEE. Beneficiary, at BenefYciary's option, may fram time to time rema�e Trustee and
<br /> appoint a successar trustee w�thou� any other farma.li�y than the designation �n wri�zng. The successar trustee,
<br /> w�thout con�eyance af the Property, sha11 succeed to aI.I th�title, power and dut�es conferred upon Trustee by
<br /> th�s Securi�y Ynstrum�nt and applicable law.
<br /> 16. N�TI�E. Unless otherwrse requ�red by law, any notice sha1X l�e g�ven by delivering it �r �y mailing it by
<br /> first class mail �o the apprapriate party's address an page 1 of �his Security Instrument, or to any �ther
<br /> address designated in writing. Not�ce to one �rus�or will be deemed ta be natxce �o all trustars. Trustar and
<br /> Beneficiary her�by request a �opy af any notice of defauit, and a copy of any not�c� of sale th�reund�r, be
<br /> xnailed to each par�y at the address far such party s�t f�rth on page 1 of this Security Znstrument.
<br /> 17. WAIV�RS. Except to the extent prah�bited by law, Trustor wa��es all appraxsement and homes�ead
<br /> exemption rights relatxng�o�he Praperty.
<br /> 1S. LINE QF CREI�IT. The Secured Debt inciudes a revol�ing �ine of credit. Although the Secured Debt may
<br /> b�r�duced t� a zero balance, this Security Instrunzent w�11 r�main in effect un�il released.
<br /> Security Instrument-Dpen-End-Cons�mer-N� �CP-REDT-NE 7I2IZ01�
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<br /> Wolters Kluw�r Financia[5er�ices D1994,�01� Page 5❑f 5
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