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201210445 (5. SEV�RABILLTY; IN'PERPRETATION. This Scenriry Tnstrumenc is complem and fiilly integrated. This Security Instinment may not be amended or modihed hy oral agreement Any sec[ion in this Seeurity Instrumen�, at[achments, or any agreemenl rclated to [he Secured Deb[ tha[ conflicts wiTh applicable law will no[ be effective, unless lhat law expressly or impliedly permits the variations try written agreemeot. If any section ol this Securiry Instrument cannot he eoforced according co its teims, tfiat section will be severed and will not affect the enforcexbiliry of the remainder of lhia Secutity Instrumenl. Whenever used, the singular shall include the plural and the plural the singnlai. The capcions and hcadings of the sections of lhis Security Tnstrument are for convenience o�ly and are not lo be used to interpret or define Ihe lerms of [his Security InstrumenL 'Pime is of[he essence in [his Security Insirument. 16. SL'CCESSOR TRUSTEE. Benehciary, a[ Benehciary's option, may from time to dme removc Trustee and appoint a successor tnis[ee without any other lormality rha� the designation in writing. The successor trustee, widiout conveyance oF the Property, shall succeed to all the titic, power aod duties coofcrred upon Trustee by this Security Instrument and applicable law. 17. NOTICE. Unless otherwise required by law, any notice sha]] bc given by delivering it or by n�iling it by first class mail to the appropxiate party's address on page 1 of this Security Instrument, or Co any other address designated in writing. Notice to one trustor will be deemed �o be notice to all Yrustors. Trustor and Beneficiary hereby request a copy of any notice oY default, and a copy of any notice of sale thcrc u�der, be mailed to each pnrty al lhe address for such party set for[h on page 1 oC this Deed of'I'rusY. 18. WAIVERS. Except co the extent prohiUited by law, Trustor waives all appraisement and homestcad exemption rights relating to the Properry. 19. LINE OF CREDIT. The Secured llebt iocludes a revolving tine of crediL Although the Secured Debt may be reduced to a zero balancq this Security I�s[niment will rem�in in efC�ct until released. 20. APPLICABLE L9W. This Securiry Instruinent will be goveined by applicablc lederal law and the law oP the state ol 1'cxas without regard to its rules regarding ihe conflicu of laws, except for matters regarding the perfection and enforcement of �he lien�n real property, which will be governed by �he law of the state where the Properry is loca[ed. 21. RIDERS. Tha uovenancs and agreemen[s of each of the riders describ�d bclow are incnrpora[ed into and supplement aud amend die ternis of this Scuuri[y Instrument: 22. ❑ CONSTRUCTION LOAN. This Securiry instrument is a constnutiov security interes� which secures- an obligation inewred for the coostruetion of an improvemenl on [he Property. 23. ❑ ADDCCIONAL TERMS. � lpage 7 ot 91 �1594 Wuhers KWwer FlnanoialSo�vlcos-9onkers 5ystem5 Porm llSAAHEDT-NE fi/25i2012