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promulgated thereunder; (iv) any substance, material or waste which is defined as such or
<br />regulated by any "Superfund" or "Superlien" law, or any Environmental Law; or (v) any other
<br />substance, material, chemical, waste or pollutant identified as hazardous or toxic and regulated
<br />under any other federal, state or local environmental law, including without limitation, asbestos,
<br />polychlorinated biphenyls, petroleum, natural gas and synthetic fuel products and by-products.
<br />"Environmental Law" means all federal, state or local statutes, ordinances, rules,
<br />regulations, orders, decrees, judgments or common law doctrines, and provisions and conditions
<br />of permits, licenses and other operating authorizations regulating, or relating to, or imposing
<br />liability or standards of conduct concerning (i) pollution or protection of the environment,
<br />including natural resources; (ii) exposure of persons, including employees and agents, to any
<br />Hazardous Material (as defined above) or other products, raw materials, chemicals or other
<br />substances; (iii) protection of the public health or welfare from the effects of by-products,
<br />wastes, emissions, discharges or releases of chemical substances from industrial or commercial
<br />activities; (iv) the manufacture, use or introduction into commerce of chemical substances,
<br />including without limitation, their manufacture, formulation, labeling, distribution,
<br />transportation, handling, storage and disposal; or (iv) the use, release or disposal of toxic or
<br />hazardous substances or Hazardous Materials or the remediation of air, surface waters,
<br />groundwaters or soil, as now or may at any later time be in effect, including but not limited to the
<br />Toxic Substances Control Act [15 U.S.C. 2601, et seq.]; the Comprehensive Environmental
<br />Response, Compensation and Liability Act [42 U.S.C. Section 9601, et seq.], the Hazardous
<br />Materials Transportation Authorization Act [49 U.S.C. Section 5101, et seq.], the Resource
<br />Conservation and Recovery Act [42 U.S.C. 6901, et seq.], the Federal Water Pollution Control
<br />Act [33 U.S.C. Section 1251], the Clean Air Act [42 U.S.C. Section 7401, et seq.], the California
<br />Underground Storage of Hazardous Substances Act [California Health and Safety Code Section
<br />25280, et seq.], the California Hazardous Substances Account Act [California Health and Safety
<br />Code Section 25300, et seq.], the California Hazardous Waste Act [California Health and Safety
<br />Code Section 25100, et seq.], the California Safe Drinking Water and Toxic Enforcement Act
<br />[California Health and Safety Code Section 25249.5, et seq.], and the Porter -Cologne Water
<br />Quality Control Act [California Water Code Section 13000, et seq.], as they now exist or are
<br />hereafter amended, together with any regulations promulgated thereunder.
<br />7.12 Notice of Claims; Defense of Security; Reimbursement of Costs.
<br />a. Notice of Claims. Trustor shall provide written notice to Beneficiary of any
<br />uninsured or partially uninsured loss affecting the Property through fire, theft, liability, or
<br />property damage in excess of an aggregate of One Hundred Thousand Dollars ($100,000) within
<br />ten (10) business days of the occurrence of such loss. Trustor shall ensure that Beneficiary shall
<br />receive timely notice of, and shall have a right to cure, any default under any other financing
<br />document or other lien affecting the Property and shall use best efforts to ensure that provisions
<br />mandating such notice and allowing such right to cure shall be included in all such documents.
<br />Within three (3) business days of Trustor's receipt thereof, Trustor shall provide Beneficiary
<br />with a copy of any notice of default Trustor receives in connection with any financing document
<br />secured by the Property or any part thereof.
<br />b. Defense of Security. At Trustor's sole expense, Trustor shall protect, preserve
<br />and defend the Property and Trustor's title to and right of possession of the Property, the security
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<br />REV: 05-29-19 VR
<br />ATTY/AGR.2019.147/Redwood Oaks Associates 11 LP - Deed of Trust
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