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200004769
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Last modified
10/13/2011 2:29:05 PM
Creation date
10/20/2005 8:40:35 PM
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DEEDS
Inst Number
200004769
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2000��,�69 <br />36. DEFEASANCE AND RECONVEYANCE BY TRUSTEE. Upon the payment and performance in full of all of the Obligations, Lender will execute and <br />deliver to Grantor those documents that may be required to release this Deed of Trust of record. Grantor shall be responsible to pay an costs of <br />recordation and an reconveyance fee charged by Trustee. Upon written request of Lender stating that all sums secured hereby have been paidyand upon <br />surrender of this Deed of Trust and any note to Trustee for cancellation and retention and upon payment by Lender of Trustee's fees, Trustee shall <br />reoonvey to Lender, or the person or persons legally entitled thereto, without warranty, any portion of said premises then held hereunder. The recitals in <br />such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. The grantee in any reconveyance may be described as "the <br />person or persons legally entitled thereto ". <br />37. CONSTRUCTION LOAN. ❑ This Deed of Trust is a construction mortgage under the Uniform Commercial Code, to secure an obligation incurred for <br />the construction of an Improvement on land, including the acquisition costs of land. This Deed of Trust secures a construction loan, and it will be subject to <br />the terms of a construction loan agreement between Grantor and Lender. Any materials, equipment or supplies used or intended for use in the construction, <br />development or operation of the Property, whether stored on or off the Property, shall also be subject to the lien of this Deed of Trust, and Grantor, or <br />Grantor's contractor if loan proceeds are paid to such contractor, shall apply the loan proceeds to the payment of lawful claims for labor and material <br />furnished for such construction. <br />36. 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 />39. JURY TRIAL WAIVER. GRANTOR HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY CIVIL ACTION ARISING OUT OF, OR BASED <br />UPON, THIS DEED OF TRUST. <br />40. ADDMONAL 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,an <br />exact copy of same. <br />Dated this 8th day of May, 2000 <br />GRANTOR: <br />* 7����7�T pJ KLEIN <br />LAVERN A <br />GRANTOR: <br />HELEN M KLEIN <br />GRANTOR: <br />GRANTOR: <br />GRANTOR: <br />GRANTOR: <br />GRANTOR: <br />GRANTOR: <br />NEDOTE Rev. 1297 Pape b d 6 <br />
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