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202404817 <br />apply to small quantities of Hazardous Substances that are generally recognized to be appropriate <br />for the normal use and maintenance of the Property. <br />(B) Except as previously disclosed and acknowledged in writing to Beneficiary, Trustor and every <br />tenant have been, are, and shall remain in full compliance with any applicable Environmental Law. <br />(C) Trustor shall immediately notify Beneficiary if a release or threatened release of a Hazardous <br />Substance occurs on, under or about the Property or there is a violation of any Environmental <br />Law concerning the Property. In such an event, Trustor shall take all necessary remedial action in <br />accordance with any Environmental Law. <br />(D) Trustor shall immediately notify Beneficiary in writing as soon as Trustor has reason to believe <br />there is any pending or threatened investigation, claim, or proceeding relating to the release or <br />threatened release of any Hazardous Substance or the violation of any Environmental Law. <br />18. Condemnation. Trustor will give Beneficiary prompt notice of any pending or threatened <br />action, by private or public entities to purchase or take any or all of the Property through <br />condemnation, eminent domain, or any other means. Trustor authorizes Beneficiary to intervene in <br />Trustor's name in any of the above described actions or claims. Trustor assigns to Beneficiary the <br />proceeds of any award or claim for damages connected with a condemnation or other taking of all or <br />any part of the Property. Such proceeds shall be considered payments and will be applied as provided <br />in this Security Instrument. This assignment of proceeds is subject to the terms of any prior mortgage, <br />deed of trust, security agreement or other lien document. <br />19. Insurance. Trustor shall keep Property insured against loss by fire, flood, theft and other <br />hazards and risks reasonably associated with the Property due to its type and location. This insurance <br />shall be maintained in the amounts and for the periods that Beneficiary requires. What Beneficiary <br />requires pursuant to the preceding two sentences can change during the term of the Secured Debt. The <br />insurance carrier providing the insurance shall be chosen by Trustor subject to Beneficiary's approval, <br />which shall not be unreasonably withheld. if Trustor fails to maintain the coverage described above, <br />Beneficiary may, at Beneficiary's option, obtain coverage to protect Beneficiary's rights in the Property <br />according to the terms of this Security Instrument. Trustor acknowledges and agrees that Beneficiary <br />or one of Beneficiary's affiliates may receive commissions on purchase of this insurance. <br />All insurance policies and renewals shall be acceptable to Beneficiary and shall include a standard <br />"mortgage clause" and, where applicable, "loss payee clause." Trustor shall immediately notify <br />Beneficiary of cancellation or termination of the insurance. Beneficiary shall have the right to hold <br />the policies and renewals. If Beneficiary requires, Trustor shall immediately give to Beneficiary all <br />receipts of paid premiums and renewal notices. Upon loss, Trustor shall give immediate notice to the <br />insurance carrier and Beneficiary. Beneficiary may make proof of loss if not made immediately by <br />Trustor. <br />Unless otherwise agreed in writing, all insurance proceeds shall be applied to the restoration or <br />repair of the Property or to the Secured Debt, whether or not then due, at Beneficiary's option. Any <br />application of proceeds to principal shall not extend or postpone the due date of the scheduled payment <br />nor change the amount of any payment. Any excess will be paid to the Trustor. If the Property is <br />acquired by Beneficiary, Trustor's right to any insurance policies and proceeds resulting from damage <br />to the Property before the acquisition shall pass to Beneficiary to the extent of the Secured Debt <br />immediately before the acquisition. <br />20. Escrow for Taxes and Insurance. Unless otherwise provided in a separate agreement, Trustor <br />will not be required to pay to Beneficiary funds for taxes and insurance in escrow. <br />Deed Of Trust Closed End -NE <br />© 2023 Wolters Kluwer Financial Services, Inc. <br />All rights reserved. <br />07/2024 <br />2024092424.2.0.5916-J20240807Y Page 6 of 11 <br />