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201402195
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201402195
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Last modified
8/19/2014 2:25:50 PM
Creation date
4/16/2014 8:20:17 AM
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DEEDS
Inst Number
201402195
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201402195 <br />shall for any reason be held to be invalid, illegal or unenforceable <br />in any respect, such invalidity, illegality, or unenforceability <br />shall, at the option of Beneficiary, not affect any other provision <br />of this Deed of Trust, but this Deed of Trust shall be construed as <br />if such invalid, illegal, or unenforceable provision had never been <br />contained herein or therein. If the lien of this Deed of Trust is <br />invalid or unenforceable as to any part of the indebtedness hereby <br />secured or evidenced by the Note, or if the lien is invalid or <br />unenforceable as to any part of the Property, the unsecured or <br />partially secured portion of such indebtedness shall be completely <br />paid prior to the payment of the remaining and secured or partially <br />secured portion of such indebtedness, and all payments made on such <br />indebtedness, whether voluntary or under foreclosure or other <br />enforcement action or procedure, shall be considered to have been <br />first paid on and applied to the full payment of that portion of such <br />indebtedness which is not secured or not fully secured by the lien of <br />this Deed of Trust; and (m) the covenants and agreements contained in <br />this Deed of Trust shall bind, and the benefits and advantages hereof <br />shall inure to the respective heirs, executors, administrators, <br />successors and assigns of the parties hereto. Wherever used herein, <br />the singular number shall include the plural and conversely, and the <br />use of any gender shall be applicable to all genders. Wherever the <br />term "Beneficiary" is used herein, it shall include the legal holder <br />or holders of the Note or the indebtedness secured hereby. <br />SEVENTH. Upon written request of Beneficiary stating that all <br />amounts and indebtedness secured hereby have been paid, and upon <br />surrender of this Deed of Trust and the Note to Trustee for the <br />cancellation and retention and upon payment by Trustor of Trustee's <br />fees, Trustee shall reconvey to Trustor, or the person or persons <br />legally entitled thereto, without warranty, any portion of the <br />Property then held by Trustee hereunder. The recitals in such <br />reconveyance of any matters or facts shall be conclusive proof of the <br />truthfulness thereof. The grantee of any reconveyance may be <br />described as "the person or persons legally entitled thereto." <br />EIGHTH. Except for any notices, demands, requests or other <br />communications required under applicable law to be given in another <br />manner, whenever Beneficiary, Trustor or Trustee gives or serves any <br />notice (including, without limitation, notice of default and notice <br />of sale), demands, requests or other communications with respect to <br />this Deed of Trust, each such notice, demand, request or other <br />communication shall be in writing and shall be effective only if the <br />same is delivered by personal service or mailed by certified mail, <br />postage prepaid, return receipt requested, addressed to the address <br />of the party to whom mailed as set forth at the end of this Deed of <br />Trust. Any party may at any time change its address for such notices <br />by delivering or mailing to the other parties hereto, as aforesaid, a <br />notice of such change. Any notice hereunder shall be deemed to have <br />been given to Trustor or Beneficiary when given in the manner <br />designated herein. <br />
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