Laserfiche WebLink
. , 99sc���2z� <br /> 19. Legislation. If, after the date hereof, enactment or expiration of applicable laws have the effect either of rendering <br /> the provisions of the Note, the Deed of Trust or any Rider, unenforceable according to their terms, or all or any part of <br /> the sums secured hereby uncollectible, as otherwise provided in this Deed of Trust or the Note, or of diminishing the <br /> value of Lender's security, then Lender, at Lender's option, may declare all sums secured by the Deed of Trust to be <br /> immediately due and payable. <br /> 20. Release. Upon payment of all sums secured by this Deed of Trust, this Deed of Trust shall become null and void <br /> and Lender or Trustee shall release this Deed of Trust without charge to Borrower. If Trustee is requested to release this <br /> Deed of Trust, all instruments evidencing satisfaction of the indebtedness secured by this Deed of Trust shall be <br /> surrendered to Trustee. Bonower shall pay all costs of recordation, if any. Lender, at Lender's option, may allow a <br /> partial release of the Property on terms acceptable to Lender and Lender may charge a release fee. <br /> 21. Waiver of Homestead. Bonower hereby waives all rights of homestead exemption in the Property. <br /> 22. Hazardous Substances. Bonower shall not cause or permit the presence, use, disposal, storage, or release of any <br /> Hazazdous Substances on or in the Property. Bonower shall not do, nor allow anyone else to do, anything affecting the <br /> Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, <br /> or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to <br /> normal residential uses and to maintenance of the Property. <br /> Bonower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit, or other action by any <br /> governmental or regulatory agency or private party involving the Property and any Hazardous Substance or <br /> Environmental Law of which Bonower has actual knowledge. If Borrower learns, or is notified by any governmental or <br /> regulatory authority, that any removal, or other remediation of any Hazazdous Substance affecting the Property is <br /> necessary, Bonower shall prompdy take all necessary remedial actions in accordance with Environmental Law. <br /> As used in this paragraph 22, "Hazardous Substances" aze those substances defined as toxic or hazardous substances by <br /> Environmental Law and the following substances: gasoline, kerosene, other flammable or to�cic petroleum products, toxic <br /> pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As <br /> used in this paragraph 22, "Environmental law" means federal laws and laws of the jurisdiction where the Property is <br /> located that relate to health, safety, or environmental protection. <br /> 23. Substitute Trustee. Lender may from time to time in Lender's discretion remove Trustee and appoint a successor <br /> trustee to any Trustee appointed hereunder. Without conveyance of the Property, the successor trustee shall succeed to all <br /> the title, power and duties confened upon the Trustee herein and by applicable law. <br /> REQUEST FOR NOTICE OF DEFAULT AND FORECLOSURE <br /> On behalf of each party hereto, Borrower requests that a notice of default and a copy of any notice of sale hereunder be <br /> mailed to each person hereto at the address of such person set forrh herein, all at the same time and in the same manner as <br /> would be required if a sepazate request therefor had been filed by each of such persons. <br /> IN WITNESS WHEREOF, Bonower has executed this Deed o rust. <br /> !�( [SEAL] <br /> RD LOU S HMIT <br /> [5EAL] <br /> LLEN RA S I T, <br /> � <br /> 230792(Rev 07) Page 5 (01/97)NE FR/ARM/PEL Deed <br /> 888105/602 <br />