I was just doing a little light reading and I discovered these - TopicsExpress



          

I was just doing a little light reading and I discovered these words in my agreement as a HOME OWNER with a mortgage: under section 11. Environmental Laws and Hazardous Substances. As used in this section, 1. Environmental law means, without limitation, the comprehensive environmental response, compensation and Liability act and all other federal, state and local laws, regulations, ordinances, court orders, attorney general opinions or interpretive letters concerning the public health, safety, welfare, environment or a hazardous substance; and 2 Hazardous substance means any toxic, radioactive or hazardous material, waste, pollutant or contaminant which has characteristics which render the substance dangerous or potentially dangerous to the public health, safety, welfare or environment. The term includes, without limitation, any substances defined as hazardous material, toxic substances, hazardous waste or hazardous substance under any Environmental Law. .......no Hazardous Substance is or will be located, stored or released on or in the property. This restriction does not apply to small quantities of Hazardous Substances that are generally recognized to be appropriate for the normal use and maintenance of the property. b. except as previously disclosed and acknowledged in writing to Lender, Grantor and every tenant have been, are, and shall remain in full compliance with any applicable Environmental Law. C. Grantor shall immediately notify Lender if a release or threatened release of a Hazardous Substance occurs on, under or about the Property or there is a violation of any environmental law concerning the property. In such an event, Grantor shall take all necessary remedial action in accordance with any Environmental Law. D. Grantor shall immediately notify Lender in writing as soon as Grantor has reason to believe there is any pending or threatened investigation, claim, or proceeding relating to the release or threatened release of any Hazardous Substance or the violation of any Environmental Law.
Posted on: Fri, 06 Jun 2014 23:15:01 +0000

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