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202500752
<br />fees and costs, obtaining insurance coverage, and entering the property to make
<br />repairs. Any amount disbursed by Lender under this paragraph shall become an
<br />additional debt of Borrower secured by this security instrument, to bear interest from
<br />the date of disbursement and said amount at the rate of zero percent (0%) per annum
<br />until refunded by Borrower.
<br />7. NON-RELEASE/NON-WAIVER. Any extensions, modifications, or
<br />renewals of the loan(s) granted by Lender to any successor in interest of Borrower
<br />shall not operate to release the liability of the original Borrower or Borrower's
<br />successors in interest. Any forbearance by Lender in exercising any right or remedy
<br />shall not be a waiver of or preclude the exercise of any right or remedy.
<br />8. NOTICES. Unless otherwise required by law, any notice shall be given
<br />by delivering it or by mailing it by first class mail to the appropriate party's address
<br />set forth in this instrument, or to any other address designated in writing. Notice to
<br />one Borrower will be deemed notice to all Borrowers.
<br />9. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As
<br />used in this section, "Environmental Law" means, without limitation, the
<br />Comprehensive Environmental Response, Compensation and Liability Act
<br />(CERCLA, 42 U.S.C. 9601 et seq.), and all other applicable federal, state, and local
<br />laws, regulations, ordinances, court orders, attorney general opinions or interpretive
<br />letters concerning the public health, safety, welfare, environment or a hazardous
<br />substance. As used in this section, "Hazardous Substance" means any toxic,
<br />radioactive or hazardous material, waste, pollutant or contaminant which has
<br />characteristics which render the substance dangerous or potentially dangerous to the
<br />public health, safety, welfare, or environment. The term "Hazardous Substance"
<br />includes, without limitation, any substances defined as "hazardous materials," "toxic
<br />substances," "hazardous waste" or "hazardous substance" under any Environmental
<br />Law. Borrower represents, warrants, and agrees that, except as previously disclosed
<br />and acknowledged in writing:
<br />(a) No Hazardous Substance has been, is, or will be located, transported,
<br />manufactured, treated, refined, or handled by any person on, under, or
<br />about the premises, except in the ordinary court of business and in strict
<br />compliance with any and all applicable Environmental Law.
<br />(b) Borrower has not and will not cause, contribute to, or permit the release of
<br />any Hazardous Substance on the premises.
<br />(c) Borrower will immediately notify Beneficiary if: (i) a release or threatened
<br />release of Hazardous Substance occurs on, under or about the premises or
<br />migrates or threatens the migrate from nearby property; or (ii) there is a
<br />violation of any Environmental Law concerning the premises. In such an
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