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200002098 <br />9d. DEFEASANCE AND RECONVEYANCE BY TRUSTEE. Upon the payment and perfom:ence In full of all of the Obligations. Lender wUlaerxy arOf <br />deSror to Grantor those documents that may be Trequi� poe written its Dea of Lender ostfating tthat alt suror>s ssecured h have tbeenypaid and upon <br />recordation and an re of Trust fee by m Lender of Trustee's fees, Trustee sruau <br />surrender of this Deed of Trust and any note to Trustee for cancellation and retention and uponopa�y a by then held hereunder. The reds � <br />reconwy to Lender. or the Person or Persons legally entitled thereto, without warranty, any portion pre <br />such f eewway� of ay nwiters or entitled �f�s shall be conclusive proof of the truthfulness thereof. The grantee in any recorneyance may be described as "the <br />person persons <br />37, CONSTRUCTION LOAN. nn This Deed of Trust is a construction mortgage under the Uniform Commercial Code, to secure an obligation Incurred for <br />the construction of an krproverr:e�r on land, including the acquisition costs of-land . This Deed of Trust secures a construction loan, and It will be subject to <br />the term of a construction loan agreement between Grantor and Lender. Any materials, equipment or supplies used or intended for use in the constnxtlicn, <br />development, or operation of the Property, whether �contrracto , shall lom proceeds of to the lion of lawful chins for Labor and rnslirlal and Grantor, or <br />furnished for such consmrictionn proceeds P� <br />31 WAIVER OF HOMESTEAD AND OTHER E It TONS. Grantor herby waives all homestead and other exemptions In the Property to which <br />Grantor would otherwise be entitled under any applicable <br />3 PON JURY WAIVER. GRANTOR HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY CIVIL ACTION ARISING OUT OFD OR BASED <br />40. ADDITIONAL TERMS: <br />Grantor aclviowledges that Grantor has read, understands, and agrees to the terms and conditions of this Deed of Trust, and aclamledges receipt of an <br />exact copy of same. <br />Datedthis 16th dayofFebmary, 2000 <br />GRANTOR: <br />ptii I, lx" wlno <br />GRANTOR: <br />GRANTOR: <br />GRANTOR: <br />GRANTOR: <br />P@m6di <br />r <br />