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201000151
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Last modified
1/7/2010 4:56:18 PM
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1/7/2010 4:51:49 PM
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DEEDS
Inst Number
201000151
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201000151 <br />term of this Security Instrument, shall not install in the Improvements or permit to <br />be installed in the Improvements asbestos or any substance containing asbestos or <br />potentially asbestos containing substance. <br />(c) Borrower shall promptly notify Lender if Borrower shall became aware of the <br />passible existence of any Hazardous Substances (except those substances <br />disclosed in the Environmental Report delivered to Lender and those substances <br />stored, used or sold by Borrower, Lessee or other tenants of the Mortgaged <br />Property in the ordinary course of their respective business and in compliance <br />with all Environmental Laws) on the Mortgaged Property or if Borrower shall <br />become aware that the Mortgaged Property is or may be in direct or indirect <br />violation of any Environmental Laws. Further, promptly upon receipt of the <br />same, Borrower shall deliver to Lender copies of any and all orders, notices, <br />permits, applications, reports, and other communications, documents and <br />instruments received by Borrower pertaining to the actual, alleged ar potential <br />presence or existence of any such Hazardous Substances (except those substances <br />stored, used or sold by Borrower, Lessee or other tenants of the Mortgaged <br />Property in the ordinary course of their respective businesses and in compliance <br />with Environmental Laws) at, on, about, under, within, near ar in connection with <br />the Mortgaged Property. Subject to the terms of the Lease, Borrower shall <br />promptly and when and as required by any Environmental Laws, at Borrower's <br />sole cost and expense, take, or cause Lessee to take, all actions as shall be <br />necessary or advisable for the cleanup of any and all portions of the Mortgaged <br />Property, including, without limitation, all investigative, monitoring, removal, <br />containment and remedial actions in accordance with all applicable <br />Environmental Laws (and in all events in a manner in compliance with the <br />requirements of the Lease), and shall further pay ar cause to be paid, at no <br />expense to Lender, all clean-up, administrative and enforcement casts of <br />applicable governmental agencies which may be asserted against the Mortgaged <br />Property. In the event Borrower fails to do so, but subject to the terms of the <br />Lease, Lender may, but shall not be obligated to, cause the Mortgaged Property to <br />be freed from any Hazardous Substances (except those substances stored, used or <br />sold by Borrower, Lessee or other tenants of the Mortgaged Property in the <br />ordinary course of their respective business and in compliance with all <br />Environmental Laws) or otherwise brought into conformance with Environmental <br />Laws and any and all costs and expenses incurred by Lender in connection <br />therewith, together with interest thereon at the Overdue Rate from the date <br />incurred by Lender until actually paid by Borrower, shall be immediately paid by <br />Borrower on demand and shall be secured by this Security Instrument and by all <br />of the other Loan Documents securing all or any part of the indebtedness <br />evidenced by the Nate. Borrower hereby grants to Lender and its agents and <br />employees, subject to the rights of Lessee under the Lease, access to the <br />Mortgaged Property and a license to remove any Hazardous Substances (except <br />those substances stored, used or sold by Borrower, Lessee or other tenants of the <br />Mortgaged Property in the ordinary course of their respective business and in <br />compliance with all Environmental Laws) and to do all things Lender shall deem <br />necessary to bring the Mortgaged Property in conformance with applicable <br />-48- <br />15445229.4.BUSINBSS <br />
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