201803607 - Laserfiche WebLink

Browse

201803607 substances defined as "hazardous material," "toxic substances," "hazardous waste" or"hazardous substance" under any Environmental Law. Trustor represents,warrants and agrees that: (A)Except as previously disclosed and acknowledged in writing to Beneficiary,no Hazardous Substance is or will be located,stored or released on or in the Property.This restriction does not apply to small quantities of Hazardous Substances that are generally recognized to be appropriate for the normal use and maintenance of the Property. (B)Except as previously disclosed and acknowledged in writing to Beneficiary,Trustor and every tenant have been,are,and shall remain in full compliance with any applicable Environmental Law. (C)Trustor shall immediately notify Beneficiary if a release or threatened release of a Hazardous Substance occurs on,under or about the Property or there is a violation of any Environmental Law concerning the Property.In such an event,Trustor shall take all necessary remedial action in accordance with any Environmental Law. (D)Trustor shall immediately notify Beneficiary in writing as soon as Trustor has reason to believe there is any pending or threatened investigation, claim, or proceeding relating to the release or threatened release of any Hazardous Substance or the violation of any Environmental Law. 18. Condemnation. Trustor will give Beneficiary prompt notice of any pending or threatened action,by private or public entities to purchase or take any or all of the Property through condemnation,eminent domain, or any other means.Trustor authorizes Beneficiary to intervene in Trustor's name in any of the above described actions or claims.Trustor assigns to Beneficiary the proceeds of any award or claim for damages connected with a condemnation or other taking of all or any part of the Property. Such proceeds shall be considered payments and will be applied as provided in this Security Instrument.This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust,security agreement or other lien document. 19. Insurance. Trustor shall keep Property insured against loss by fire,flood,theft and other hazards and risks reasonably associated with the Property due to its type and location.This insurance shall be maintained in the amounts and for the periods that Beneficiary requires. What Beneficiary requires pursuant to the preceding two sentences can change during the term of the Secured Debt.The insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficiary's approval, which shall not be unreasonably withheld.If Trustor fails to maintain the coverage described above, Beneficiary may,at Beneficiary's option,obtain coverage to protect Beneficiary's rights in the Property according to the terms of this Security Instrument. Trustor acknowledges and agrees that Beneficiary or one of Beneficiary's affiliates may receive commissions on purchase of this insurance. All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard "mortgage clause" and,where applicable, "loss payee clause."Trustor shall immediately notify Beneficiary of cancellation or termination of the insurance.Beneficiary shall have the right to hold the policies and renewals.If Beneficiary requires,Trustor shall immediately give to Beneficiary all receipts of paid premiums and renewal notices.Upon loss,Trustor shall give immediate notice to the insurance carrier and Beneficiary.Beneficiary may make proof of loss if not made immediately by Trustor. Unless otherwise agreed in writing,all insurance proceeds shall be applied to the restoration or repair of the Property or to the Secured Debt,whether or not then due,at Beneficiary's option.Any application of proceeds to principal shall not extend or postpone the due date of the scheduled payment Deed Of Trust Closed End-NE Bankers Systems.VMP® 0212018 Wolters Kluwer Financial Services®2014 18.2.0.1557J20180413Y Page 8 of 9