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<br /> 27. COLLECTION COSTS. To the extent permitted by law, Grantor agrees to pay Lender's reasonable fees and costs,including, but not limited to,
<br /> fees and costs of attorneKs and other agents (including without limitation paralegals, clerks and consultants), whether or not such attorney.or agent is
<br /> an employee of Lender, which are incurred by Lender in collecting any amount due or enforcing any right or remedy under tM�s beetl�f Trust,
<br /> whether or not suit is brought, including, but not limited to, all fees and costs incurred on appeal, in bankruptcy, and for post-judgmer$ collection
<br /> actions.
<br /> 28. PARTIAL RELEASE. Lender may release its interest in a portion of the Property by executing and recording one or more Partial Deed of
<br /> Reconveyance without affecting its interest in the remaining portion of the Property. Nothing herein shall be deemed to obligate Lender to release
<br /> any of its interest in the Property (except as�r�quired under Paragraph 37),nor shall Lender be obligated to release any part of the Property if Grantor
<br /> is in default under this Deed of Trust. The lien and security interest created by the Deed of Trust remain in effect with respect to that portion of the
<br /> property,as defined in the Deed of Trust,that is not the subject of this or any Partial Deed of Reconveyance.
<br /> 29. MODIFICATION AND WAIVER. The modification or waiver of any of Grantor's Obligations or Lender's rights under this Deed of Trust must be
<br /> contained in a writing signed by Lender. Lender may perform any of Borrower's or Grantor's Obligations, delay or fail to exercise any of its rights or
<br /> accept payments from Grantor or anyone other than Grantor without causing a waiver of those Obligations or rights. A waiver on one occasion shall
<br /> not constitute a waiver on any other occasion. Grantor's Obligations under this Deed of Trust shall not be affected if Lender amends, cornpromises,
<br /> exchanges, fails to exercise, impairs or releases any of the Obligations belonging to any Grantor, Borrower or third party or any of its rights against
<br /> any Grantor, Borrower or third party or any of the Property. Lender's failure to insist upon strict performance of any of the Obligations shall not be
<br /> deemed a waiver,and Lender shall have the right at any time thereafter to insist upon strict performance.
<br /> 30. SUBSTITUTE TRUSTEE. In case of the death, inability, refusal to act or absence of the Trustee from the state where the Property is located or in
<br /> case the holder of the Obligations shall desire for any reason to remove the Trustee or any substitute trustee as trustee hereunder and to appoint a
<br /> new trustee in his place and stead,the holder of the Obligations is hereby granted full power to appoint in writing a substitute trustee for said Trustee,
<br /> and the substitute trustee shall, when appointed, become successor to all rights of Trustee hereunder and the same shall become vested in him for
<br /> the purposes and objects of this Deed of Trust with afl the power,duties and obligations herein conferred on the Trustee.
<br /> 31. SUCCESSORS AND ASSIGNS. This Deed of Trust shall be binding upon and inure to the benefit of Grantor and Lender and their respective
<br /> successors,assigns,trustees,receivers,administrators,personal representatives,legatees and devisees.
<br /> 32. NOTICES. Except as otherwise required by law, any notice or other communication to be provided under this Deed of Trust shall be in writing
<br /> and sent ta the parties at the addresses described In this Deed of Trust or such other address as the parties may designate in writing from time to
<br /> time. Aay such nQii��_so given and sent by fir�ts.l�s mail, postaq� rn eo�d� shalLhQ Sie4�r gd_giv_esLhe Qarlier of three (3)days�ft�r_s,�ch.notice is
<br /> sent or when received by the person to whom such notice is being given.
<br /> 33. SEVERABILITY. Whenever possible, each provision of this Deed of Trust shall be interpreted so as to be effective and valid under applicable
<br /> state law. If any provision of this Deed of Trust violates the law or is unenforceable, the rest of this Deed of Trust shall continue to be valid and
<br /> enforceable.
<br /> 34. APPLICABLE LAW. This Deed of Trust shall be governed by the laws of the state where the Property is located. Unless applicable law provides
<br /> otherwise,Grantor consents to the jurisdiction and venue of any court selected by Lender,in its sole discretion,located in that state.
<br /> 35. NO THIRD-PARTY RIGHTS. No person is or shall be a third-party beneficiary of any provision of this Deed of Trust. All provisions of this Deed of
<br /> Trust in favor of Lender are intended solely for the benefit of Lender, and no third party shall be entitled to assume or expect that Lender will waive or
<br /> consent to the modification of any provision of this Deed of Trust,in Lender's sole discretion.
<br /> 36. PRESERVATION OF LIABILITYAND PRIORITY. Without affecting the liability of Borrower, Grantor, or any guarantor of the Obligations, or any
<br /> other person (except a person expressly released in writing) for the payment and performance of the Obligations, and without affecting the rights of
<br /> Lender with respect to any Property not expressly released in writing, and without impairing in any way the priority of this Deed of Trust over the
<br /> interest of any person acquired or first evidenced by recording subsequent to the recording of this Deed of Trust, Lender may, either before or after
<br /> the maturity of the Obligations, and without notice or consent: release any person liable for payment or performance of all or any part of the
<br /> Obligations; make any agreement altering the terms of payment or performance of all or any part of the Obligations; exercise or refrain from
<br /> exercising or waive any right or remedy that Lender may have under this Deed of Trust; accept additional security of any kind for any of the
<br /> Obligations; or release or otherwise deal with any real or personal property securing the Obligations. Any person acquiring or recording evidence of
<br /> any interest of any nature in the Property shall be deemed, by acquiring such interest or recording any evidence thereof, to have consented to all or
<br /> any such actions by Lender.
<br /> 37. DEFEASANCE. Upon the payment and performance in full of all of the Obligations, Lender will execute and deliver to Grantor those documents
<br /> that may be required to release this Deed of Trust of record. Grantor shall be responsible to pay any costs of recordation.
<br /> 38. CONSTRUCTION LOAN. ❑ This Deed of Trust is a construction mortgage under the Uniform Commercial Code, to secure an obligation
<br /> incurred for the construction of an improvement on land, including the acquisition costs of land. This Deed of Trust secures a construction loan, and
<br /> it will be subject to the terms of a construction loan agreement between Grantor and Lender. Any materials, equipment or supplies used or intended
<br /> for use in the construction, development, or operation of the Property, whether stored on or off the Property, shall also be subject to the lien of this
<br /> Deed of Trust.
<br /> 39. WAIVER OF HOMESTEAD AND OTHER EXEMPTIONS. Grantor hereby waives all homestead and other exemptions in the Property to which
<br /> Grantor would otherwise be entitled under any applicable law.
<br /> 40. MISCELLANEOUS. Grantor and Lender agree that time is of the essence. Grantor waives presentment, demand for payment, notice of dishonor
<br /> and protest except as required by law. All references to Grantor in this Deed of Trust shall include all persons signing below. if there is more than one
<br /> Grantor, their Obligatians shall be joint and several. This. Deed of Trust represents the complete integrated understanding between Grantor and
<br /> Lender pertaining to the terms and conditions hereof.
<br /> 41. JURY TRIAL WAIVER. LENDER AND GRANTOR HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY CIVIL ACTION ARISING OUT OF,
<br /> OR BASED UPON,THIS DEED OF TRUST.
<br /> 42. ADDITIONAL TERMS:
<br /> Grantor acknowledges that Grantor has read, understands, and agrees to the terms and conditions of this Deed of Trust,and acknowledges receipt of
<br /> an exact copy of same.
<br /> Datedthis 28th dayof December, 1999 .
<br /> GRANTOR: JIMMIE R SHAFER GRANTOR:
<br /> IMMIP R SFEA- i2 _ —aT- -
<br /> GRANTOR: GRANTOR:
<br /> GRANTOR: GRANTOR:
<br /> GRANTOR: GRANTOR:
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