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201400400
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Last modified
8/19/2014 2:25:24 PM
Creation date
1/23/2014 3:16:30 PM
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DEEDS
Inst Number
201400400
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201400400 <br />cancellation shall be deemed to be a cancellation of the security interest granted in paragraph 27 <br />of this Security Instrument and a cancellation of the Assignment. <br />8. Deed of Trust Trustee may resign at any time and for any reason. Deed of Trust <br />Trustee shall have the right to select, employ and consult with counsel, and shall not be liable to <br />Borrower or Lender for actions taken in reliance on advice of counsel. Deed of Trust Trustee <br />may rely on any instrument, document or signature authorizing or supporting any action taken or <br />proposed to be taken by him hereunder, believed by him in good faith to be genuine. Deed of <br />Trust Trustee shall be entitled to reimbursement from Borrower for actual, reasonable expenses <br />incurred by him in the performance of his duties, including those arising from the joint, <br />concurrent or comparative negligence of Deed of Trust Trustee; however, Borrower shall not be <br />liable under such indemnification to the extent such liability or expenses result solely from the <br />Deed of Trust Trustee's gross negligence or willful misconduct hereunder. Borrower shall pay <br />the compensation due to Deed of Trust Trustee hereunder and reimburse Deed of Trust Trustee <br />for, and indemnify, defend and save Deed of Trust Trustee harmless against, all liability <br />reasonable expenses that may be incurred by him in the performance of his duties. Borrower's <br />obligations under this section shall not be reduced or impaired by principles of comparative or <br />contributory negligence. All moneys received by Deed of Trust Trustee shall, until used or <br />applied as herein provided, be held in trust for the purposes for which they were received, but <br />need not be segregated in any manner from other moneys (except to the extent required by law). <br />Deed of Trust Trustee shall have no duty to pay interest on any moneys received by him <br />hereunder. If Deed of Trust Trustee or any successor Deed of Trust Trustee shall die, resign or <br />become disqualified from acting in the execution of this trust, or Lender shall desire for any <br />reason to appoint a substitute Deed of Trust Trustee, Lender shall have full power to appoint one <br />or more substitute Deed of Trust Trustees and, if preferred, several substitute Deed of Trust <br />Trustees in succession who shall succeed to all the estates, rights, powers and duties of Deed of <br />Trust Trustee. The instrument appointing such substitute Deed of Trust Trustee(s) may be <br />executed by any authorized agent or attorney in fact of Lender, and as so executed, such <br />instrument shall be conclusively presumed to be executed with authority, valid and sufficient, <br />without further proof of any action. Upon any such appointment, all of the powers, rights and <br />authority of the Deed of Trust Trustee shall immediately become vested in such successor. In no <br />event or circumstance shall Deed of Trust Trustee or any substitute Deed of Trust Trustee <br />hereunder be personally liable under or as a result of this Borrower, either as a result of any <br />action by Deed of Trust Trustee (or any substitute Deed of Trust Trustee) in the exercise of the <br />powers hereby granted or otherwise, except that Deed of Trust Trustee shall be personally liable <br />for its gross negligence or willful misconduct. <br />******************* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * ** <br />FOR MORTGAGED PROPERTY LOCATED IN MISSOURI <br />1. The first introductory paragraph on Page 1 of this Security Instrument is hereby amended <br />in its entirety to read as follows: <br />THIS DEED OF TRUST, SECURITY AGREEMENT, ASSIGNMENT OF LEASES <br />AND RENTS AND FIXTURE FILING (this "Security Instrument ") as described on <br />- 109 - <br />
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