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<br />11. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section,
<br />(1) Environmental Law means, without limitaiion, the Camprehensive Environmental Response,
<br />Compensation and Liability Act (CERCLA, 42 U.S.C. 9601 et seq.), and all other federal, state and local
<br />laws, regulations, ordinances, court orders, attorney general' opinions or interpretive letters concerning the
<br />public health, safety, welfare, environment or a hazardous substance; and (2) Hazardous Substance means any
<br />toxic, radioactive or hazardous material, waste, pollutant or contaminant which has characteristics which
<br />render the substance dangerous or potentially clangerous to the public health, safety, welfare or environment.
<br />The term includes, without limitation, any substances defined as "hazardous material," °toxic substances, °
<br />"hazardous waste° �r "hazardous substance" under any Environmental Law.
<br />Trustor represents, warrants and agrees thar.
<br />A. Except as previously disclosed and acknowledgeQ in writing to Beneficiary, no Hazardous Substance is
<br />or will be located, stored or released on or in the Froperty. This restriction does not apply to small
<br />quantities of Hazardous Substances that are generally recognized to be appropriate for the nortnal use
<br />and maintenance of the Property.
<br />B. Except as previously disclosed and ackn�wledged in writing to Beneficiary, Trustor and every tenant
<br />have been, are, and shall remain in fuil compliance with arty applicable Environmental Law.
<br />C. Trustor sha�l immediately notify Bene�ciary if a release or threatened release of a Hazardous Substance
<br />occurs on, under or about the Property ar there is a violation of any Environmental Law concerning the
<br />Property. In such an event, Trustor shall take all necessary remedial action in accordance with any
<br />Enuironmental Law.
<br />D. Trustor shaii iznmediately notify Bene�ciary in writing as soon as Trustor has reason ta believe there is
<br />any pending or threatened investigation, claim, or proceeding relating to the release or threatened
<br />release of any Hazardous 5ubstance or the violation of any Environmental Law.
<br />12. ESCROW FOR TAXES AND INSiJRANCE. Unless otherwise provided in a separate agreement, Trustor
<br />will not be required to pay to Beneficiary funds for taaces and insurance in escrow.
<br />13. JOINT AND INDIVIDUAL LIABILITY; CO-SIGNERS; SUCCE5SORS AND ASSIGNS BOUND. All
<br />duties under this Security Instrument are joint and individual. If Trustor signs this Security Instrument but
<br />does not sign an evidence of debt, Trust�r does so only to mortgage Trustor's interest in the Property to
<br />secure payment of the Secured Debt and Trustor does not agree to be personally liable on the Secured Debt. If
<br />this Security Instrument secures a guaranty between Beneficiary and Trustor, Tnzstor agrees to waive any
<br />rights that may prevent Bene�ciary from bringing any action or claim against Trustor or any party indebted
<br />under the obligation. These rights may inelude, but are not limited to, any anti-deficiency or one-action laws.
<br />The duties and benefits of this Security Instrument shall bind and benefit the successors and assigns of Trustor
<br />and Benefieiary.
<br />34. S�VERc�BIL��'�'; I3�1'���2ET4�'IO�i. ' This see�: Instrume�i is �orripl�te a�� full;� a�stegrate�. This
<br />Security Instrumen� may not be amended ar modified by oral agreement. Any section in this Security
<br />Instrument, attachments, or any agreement related to the Secured Debt that conflicts with applicable law will
<br />not be effective, unless that law expressly or impliedly permits the variations by written agreement. If any
<br />section of this Security Instrument cannot be enforced according to its terms, that section will be severed and
<br />will not affect the enforceability of the remainder af this Security Instrument: Whenever used, the singular
<br />shall include the plural and the plural the singular. The captions and headings of the sections of this Security
<br />Instrument are for convenience only and are not to'�be used to interpret or define the terms of this Security
<br />Instrumsnt. Time is of the essence in this Security Instzument.
<br />15. SUCCESSOR TRUSTEE. Bene�ciary, at Beneficiary's option, may from time to time remove Trustee and
<br />appoint a successor trustee without any other formality than the designation in writing. The successor trustee,
<br />without conveyance of the Property, shall succeed to all the title, power and duties conferred upon Trustee by
<br />this Security Instrument and applicable law.
<br />16. NOTICE. Uniess otherwise required by law, any notice sha11 be given by delivering it ar by mailing it by
<br />�rst class mail to 1he appropriate party's address on page 1 of this Security Instrument, or to any other
<br />address designated in writing. Notice to one trustor will be deemed to be notice to all trustors. Trustor and
<br />Beneficiary �ereby request a copy of any notice of default, and a copy of any notice of sale thereunder, be
<br />mailed to each party at the address for such party set forth on page 1 of this Security Instrument.
<br />17. WAIVERS. Except to the extent prohibited by law, Tn�stor waives all appraisement and homestead
<br />ex,mption rights relating to the Property.
<br />18. LINE OF CREDIT. T'he Secured Debt includes a revolving line of credit. Although the Secured Debt may
<br />be reduced to a zero balance, this Security Instrument will remain in effect until released.
<br />Security Instrument-Open-End-Consumer-NE OCP-REDT-NE 7/2/20T1
<br />VMP� Bankers SystemsTM � VMRC4651NE) (1107).00
<br />Wolters Kluwer Financial Services �t 994, 2011 Page 5 of 6
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