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2� 17� 1722
<br /> 11. ENVIR�NMENTAL LA�WS A►ND HAZARD�US �UBSTAN�E�. As used in this s�ction,
<br /> t 1� En�ironmental Law xneans� withaut lxmx�atian, the Compr�hensive Environmenta.l R.esponse,
<br /> Compensa�ian and Liability Act �CER�LA a 42 U.�.C. 9��1 et seq.}, and a11 other federai, state and �oca�
<br /> laws, re�ula�ians, ordinanc�s, caur� arders, attorney general apinions or �nterpret�ve letters concerning �he
<br /> public health, safe�y, w��fare, en�zranment ar a hazardaus su�stance; and ��} Hazardous Substance means any
<br /> ta�xc, radioactive or hazaxdous material, was�e, po��utant ar cantaminant which has characteristics which
<br /> render�he substan�e dangerous or potentially dangerous ta the public heal�h, safety, welfare or enviranm�nt.
<br /> The term includes, withaut limitatian, any substances defined as "hazardous materiai," "toxic sub�tances,'"
<br /> "hazardous v`raste" ar "hazardous suhs�ance" under any En�ironmental Law.
<br /> Trustor represent�, warrants and agrees�hat:
<br /> A.Except as pre�iously disclosed and acknowle�ig�d in writing to Beneficiary, no Hazardous Substance is
<br /> ar will be �o�ated, s�ored or reXeased an ar �n �he Propezrty. This restriction does not appXy to sma�I
<br /> quantities of Hazardaus Substances that are genera.11y recogn�zed �a �e apprapriate for th� narmal use
<br /> and maint�nance af the Property.
<br /> B. Except as prev�ously disc�ased and acknov�rl�dg�d �n wr�ting to Bene�ciary, Trus�or and e��ry tenant
<br /> have�e�n, are, and shall r�main rn full compiianc�with any appl�cab�e Enviranmental Law.
<br /> �.Trustor shall imm�dia�ely no��fy Ben�ficiary if a release or threatened release of a Hazardaus Substance
<br /> occurs an, under or a�out the Property or there is a vialati�n af any Environmental Law concernxng the
<br /> Property. Zn such an e�ent, Trustar sha11 take alI nec�ssary remedial action in accordance w�th any
<br /> Environmen�al Law.
<br /> D.Trustor shall �mmediately natify Beneficiary in writing as soon as Trus�or has reason to belxeve there is
<br /> any pending or threatened investigatian, claim, or praceeding re�ating ta �h� release or �hreatened
<br /> re��ase of any Hazardous Substan�e or the vi�lation of any Enviranmental Law,
<br /> 1�. ESCR�W �'�R TA�ES AND INSUR.ANCE. Un�ess atherw�se provided zn a separate agreement, Trustor
<br /> will not be required�o pay to Benef�c�ary funds for taxes and insurance�n escrow.
<br /> 13. J�INT AND INl3IVIDUAL LIA�.BILITY; C�-SY�NERS; SLJCC�SS�RS ANI] ASSI�NS BQUND. Al�
<br /> duties und�r this Securi�y �nstrument are joint and ind�vrdual. �f Trustor signs this Security Ynstrument but
<br /> does not sign an e�idence of deb�, Trus�or does sa only �a mar�gage Trustar's �nter��t in the Property to
<br /> secure paymen�of the Secured De�� and Trustor does not agree to be persanal.ly liable an the Secured Deb�, Zf
<br /> this Security Znstrument secures a guaxanty betw�en Beneficiary and Trustar, Trustar agrees to waxve any
<br /> rights that may pre�ent BenefYc�ary from bringxng any actian or claim against Trustar or any party �ndebted
<br /> under the obligation. These r�ghts may �nclude, �ut ar�nat Iimited to, any ant�-d�fic�ency or one-actiQn laws.
<br /> The duties and�enefits af th�s Security Ynstrument shall bind and benefit the successors and assxgns �f Trustor
<br /> and B�nefiGiary.
<br /> 14. SEVERABILITY; INTI'ERPRETATI�N. This 5ecurity Znstrument is complete and fulZy integrated. Thxs
<br /> SecurYty �nstrument may not be amended ❑r modified by oral agreemen�. Any s�ction in this Security
<br /> �nstrument, attachments, or any agreement related to the Secured I]ebt tha� conflicts wi�h applica�le law will
<br /> not be effective, unless that 1aw expressly ar impliedly perm�ts the variations l�y written agreement. �f any
<br /> section of this Security �nstrumen� cannot be enfor�ed accord�ng t� i�s �erms, �hat sectian wi�l be seWered and
<br /> vvill not aff�ct the enfarceability of�he remainder of th�s S��urity Instrument, Whene��r used, the singular
<br /> sha.�i include the pxural and�he p�ura� �he singular. The �aptions and headings of�h� sec�ions of this SecurYty
<br /> Instrument are for conveni�nce anly and are not ta �e used to interpret or define the �erms of th�s Security
<br /> Instrument. Time is af the essence in�hzs Security�ns�rument.
<br /> 15. SU�CESSaR TIZUSTEE. Beneficiary, at Beneficiary's op�ion, ma� from time to t�nze remo�e Trustee and
<br /> appo�nt a successor trustee withaut any �ther formal�ty tl�an�he d�signation in writing. The successar trustee,
<br /> without conveyance of the Property, shall succeed to all the titl�, pow�r and duti�s �onferr�d upon Trustee by
<br /> �his Se�uri�y �nstrum�nt and applicable Iaw.
<br /> lf. N�TICE, L�nless atherwise required by Iaw, any noti�e shall be given �y deli�erYng it flr by mailing it by
<br /> first c�ass ma�X to the approprrate party's address on page 1 af this Securxty �nstrument, or to any ather
<br /> address designated in vtrriting. No�zce �a ane trustar wiil �ae deemed ta l�e natice to a].X �rustars. Trustor and
<br /> Benefzciary hereby request a copy af any nati�e af default, and a capy af any not�ce of sa�e thereunder, be
<br /> mailed to each parfiy at the address for such party set for�h an page I of�his Security Instrum�nt.
<br /> 17. WAIVERS. Except to the ex�ent prohibited by 1aw, Trustar wai�es aI1 apprais�ment and hamestead
<br /> �xemptian righ�s relating to th�Prop�r�y.
<br /> 18. LINE �F CREDIT. Th� Secured D�bt includes a r�va�ving �ine af credit. Although the Secur�d Debt may
<br /> be redu�ed ta a zero balance, this Security rnstrument W�11 r�main in effect until released.
<br /> Security Instrument-Dpen-�nd-Car�sumer-NE �CP-R�[3T-NE 71212D11
<br /> VMPD Bankers Systems�19 VMP-C455(NEy (�1[77�.��
<br /> Walters Kluwer Financiaf Ser�ices C�1994,20�� ��9���f�
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