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U9/25/2003 15:87 1- 308- 382 -7782 GI ABSTRACT,ESCROW PAGE 07 200312978 Hazardous Substamc means any toxic, radioactive or bamrdons material. contaminant which has timm v marks which render the substance waste, pollutant or m the public health, dangerous or potentially dtingerooa substances defined as ��• welfatt or em"Toomem. The term. includes, without limitation, any mbshmx" under E azudoas mataisl,' 'mxic substances,• •Laratdons waste," or 'hazardous any mimnmental Law. Tensor represents, wamutc and agrees that. A. Except as previously disclosed and acknowledged in writing to Beneficiary, an Hsain Substance is or will be 100ted, Noted or released on or in the Property. This restriction does not dcus apply to small quantities of Huardous Substances that m= of the property are generally recognized to be appropriate m. B. for the mortal use and eime 6Exce have been, sMly arMlosed acknowledged in writing to Beneficiary, Trinato[ and every LAW. m°ar° 1° compliance with ury applicable Emiro inemal C. Tmstor shall immediately notify Beneficiary if a release or mraz[eued release of a Hazardous Substance occurs m, under Of about the Law c01311c ng dre Property t' T a there is a lm all a of any Environmental edal in atxondu,ce with any � r0umrns tal Law. Trustor shall take all necessary remedial scion D. Tensor shall immediately ratify Beneficiary in writing as soon as Trnatnr bas mason to belleve there is any pealing or threatened inneatigation, claim, or threatened release of any Hazardous Substance a prat any Momm m the release or 1g. CONDEMNATION. Tlnslor will give Becefic' violation of any Eavimrmremal Law. by Private or public entities to �9 prompt anise Of any pending or dnreatened action, eminent do WrrLese or take any or all of the Property through wraimmatrtm, main. Or say other means. Tnuror aurhorirea Beneficiary o intervene in Tonam,a name in any of the above described actions or claims. Tnumr assigns to Beneficiary the PraeWs of any award or claim for damages conacmed with a condemnation or other taking of all or any P� of the Property. Such proceeds shall be considered Payments and win be applied as provided in Ibis Security Imulimam. This assignment of proceeds is subject to the terms of any prior mortgage. deed of trust, security agreement or other cam document. 19. INSURANCE. Tntstor shall keep Property insured against loss by and risks reasonably associated with the Pro •Hood, dteft and other bazards mainfainetl is We amamra and for the p" due o its type and location. This insurance shall be providing the insurance airs shall an Periods that Beneficiary requires. The ins ante chosen by Tramir subject to Benefit" all not be unpmmbly withheld. If Tnrsor fails o maimiiu the coverage described above, Henefi 'nary mast at Bmeficiary's option, obtain coverage to protect Beneficiary's rights is the Beneficiary SeLVeiry brserumem. All instance policies tint! renewals shall be ncording acceptable toe Benyefr shag immediately include a standard 'mongsge clause' and, where applicable, 'Ions POYee clause." Beneficiary notify Beneficiary of cancellation or termination of the inaul fife. ciary shall have the right o hold the policies and renewals. If Beneficiary requim, Tmsror shall shag give immediately immediare entice ail reccipis of paid premiums and renewal notices. Upon loss. Tms[or loss if m[ made immediate! We insura� carver and Beneficiary. Beneficiary may make proof of shall be applied to the restoration, orrrepair of the otherwise agreed in writing, all insunantt proceeds doe, at Beneficiary's option. A prop" or to the Seemed Debt, whether m not then due dare Of the scheduled Payment Our change of a amount proceeds m principal shall not extend or postpone the the Tntstor. If the age the amount of any pa right to Any excess wBl be paid o Proceeds resulting f damage to by Beneficiary, 'Rustn's right o my inmrarce policies and extent of the Seemed Debt mage to th Property before the acquisition shall pass o Beneficiary o the 20. ESCROW FOR TAXER AND INSURANCE. y before the acquisition Tensor will not be Unless otherwise provided in a separate agreement, required to pay to Beneficiary foods fm taxes and insurance in escrow. NEangaxA . DEED OF T UGT LENE6 met q FyeBOU 20032611614520