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2� 17� 1591
<br /> 11. ENVIRaNMENTAL LAWS AND HAZARD�US SITBSTANCES. As used in this se�t�on,
<br /> �I} En�Yrflnm�ntal Law means, wi�hout �imitation, the �ompreh�ns��e En�iranmen�ai Respflnse,
<br /> Compensation and Lia�ility Act (�ER.CLA, 42 U.S.C. 95�I et seq.�, and aIl ather federal, state and �oca�
<br /> laws, r�guxa�ions, ardinances, caurt arders, attorney genera.I opinians or interpretive �etters conc�rning the
<br /> public health, safety, welfare, envir�nment or a hazardous substance; and��} Hazardous Su�stance means any
<br /> toxic, radioactive or hazardous ma�erial, waste, pollutant ar contaminant whi�h has characteristics which
<br /> render �he substance dangeraus or pot�nt�a.�Iy dangerous to the pu.blxc heal�h, safety, w�lfare or en��ronment.
<br /> The term includes, without Iimitation, any subs�ances def�ned as "hazardaus materzal," "tflxic substances,"
<br /> "ha.2ard�us waste" or "hazardous substance" u.nder any Environmen�al Law.
<br /> Trustor repres�nts, warrants and agrees that:
<br /> A.Except as previausly �Ysclo�ed and acknawledged in writing �o Ben�ficiary, no HazardQus Su�stance is
<br /> or wi1X �e �o�ated, �tored or r�l�ased on ar in the Pr�per�y. This restriction does not apply t� small
<br /> quantities of Ha,zardous Subs�ances that are g�n�ra�Iy recognized ta be appropriate for the normal use
<br /> and maintenan�e of the Property.
<br /> B. Except as pr�viously disclosed and acknowledged in wri�ing t� Beneficiary, Trustor and ev�ry tenant
<br /> ha�re been, ar�, and shall remain in full complrance w�th any applicable En�ironmentax Law.
<br /> �.Trustar shall �mmedia�e�y notify Beneficiary �f a release ar threatened release af a Hazardous Substance
<br /> accurs on, under or a�out�he Praperty or th�re �s a vio�ation of any Environmenta.i. Law concerning the
<br /> Praperty. In such an event, Trustar sha�I take axl necessary remedial a�tion in a�cordance wi�h any
<br /> Envxranmenta� Law.
<br /> I3.Trustar shal� immediate�y notify Beneficiary in writing as so�n as Tru�tor has reason tn belie�e there �s
<br /> any pending or �hreatened investigatxon, c�aim, or proceed�ng relating �a the r�I�ase ar threa�ened
<br /> release of any Hazardous Substance❑r the violation af an� Env�ronmental Law.
<br /> lZ. ESCR[�W F�R TAXES AND INSI7RANCE. Unl�ss otherwise pro�ided in a separate agreemen�, Trustor
<br /> w�l�not be required to pay to Benefic�ary funds far ta.�es and insurance in escrow.
<br /> 13. JC]INT AND INDIVIDUAL LIASI�LITY; C�-SIGNERS; SUCCESSaRS A►ND A�SI�NS B�UND. .�,��
<br /> duties under �his Secur�ty Ynstrumen� ar� j�int and zndzvidua.l. Yf Trustor signs this Security �nstrument but
<br /> does no� sign an �vid�nce of debt, T`rustor does so only to mortgage Trustor's interest in the Praperty �a
<br /> s�cure payment of the Secured D�bt and Trustor does not agree to b�p�rsonaliy 1iable on�h� Secured Debt. If
<br /> this Security Xns�rument secur�s a guaranty between Benefxciary and Trus�or, Trustor agrees ta waive any
<br /> rights that may prevent Ben�fi�iary from bringing any action or claim against Trustor flr any party ind��ted
<br /> under the abliga�ion, These rights may in�iude, but are no�l�mi�ed to, any anti-defici�ncy or one-action�aws.
<br /> The dut�es and benefi�s �f this Security �nstrument shall�ind and benefxt the successors and assigns of Trustor
<br /> and B�nefic�ary.
<br /> 14, SEVERA�ILITY; INTERPR�TATIQN. This S��urity �nstrumen� is Gompl�t� and ful�y in�egra�ed. This
<br /> Secur�ty �nstrument may not be amended ar m�difr�d by aral agreement. Any section rn this 5e�ur�ty
<br /> �nstrument, attachm�nts, or any agreement related t� th� S�cured Deb�tha� conflicts with applrcab�e Iaw w�ll
<br /> not �e effe�tive, unX�ss that law e�pressly or �mpixedly permi�� �he variativns �y written agreemen�. Zf any
<br /> section of this Security Instrument ca�ano� be enfar�ed accar�ing ta its terms, that s�c�ion will b� se�ered an�
<br /> wiXl nat affect the enforceabiiity of the remainder af thxs Security �nstrument. Whene�er used, the singular
<br /> shall inc�ude the p�ural and the plural the singular. The captiflns and head�ngs of�he sec�ions af this Securi�y
<br /> Znstr�xmen� are for convenience anly and are not to be used to interpret ar define the terms of this Securzty
<br /> �ns�rument. Time is of the essence in this S�curity Instrumen�.
<br /> 1S. SUCCESS�R TRUSTEE. B�n�fx�iary, at Beneficiary's ap�zan, may fr�m time �❑ �im� remave Trustee and
<br /> appaint a successor trustee withou� any other f�rmality than the designat�on �n vvriting. The successor trustee,
<br /> wi�hout con�eyance of the Property, shal� �ucceed ta a11 the��tle, power and dutres canferred upon Trustee�y
<br /> �his Security Instrument and app�i�abl��aw.
<br /> 16. N�TICE. Unless oth�rwise required by 1aw, any no�ice shal� be gi�en by deli�ering it or by mail�ng it by
<br /> fzrst class mail to the apprapriate party's address an page I af this 5�curity rnstrument, ar �o any ather
<br /> address designated �n wrxt�ng. Noti�e to one trus�or will be deemed to �e notice t� all trustors. Trustar and
<br /> Beneficiary h�r�by request a copy of any notice of d�faul�, and a copy �f any notice af sale thereund�r, be
<br /> mailed to ea�h party a�the address for such par�y se�forth an page 1 of this Securi�y �nstrum�nt.
<br /> 17. WAIVERS. Except to the extent prohibited �y Iaw, Trustor wa�ves a11 appraisement and homes�ead
<br /> exemption rxghts relating to the Prop�rty. �
<br /> 18, LIN� �F �REDIT. The Secured D�bt �ncludes a revoiving Iine of credit. Although the Secur�d Debt may
<br /> be reduced to a zero balance, �his Security Instrument wi�l r�main in effec�untii re�eased.
<br /> 5ecurity lnstrument-Open-�nd-Cansumer-NE �CP-REDT-NE 71�I2��1
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<br /> Walters Kluwer�inancial 5er�ices�3�994,2�1 1 Pag�5 vf 6
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