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201901174 <br />(b)(i) The Grantor or his or her successor in title may limit the amount of optional future <br />advances secured by the Deed of Trust under subdivision (1)(d) of this section by filing a notice <br />for record in the office of the register of deeds of each county in which the trust property or some <br />part thereof is situated. A copy of such notice shall be sent by certified mail to the Beneficiary at <br />the address of the Beneficiary set forth in the Deed of Trust or, if the Deed of Trust has been <br />assigned, to the address of the most recent assignee reflected in a recorded assignment of the <br />Deed of Trust. The amount of such secured optional future advances shall be limited to not less <br />than the amount actually advanced at the time of receipt of such notice by the Beneficiary. <br />(ii) If any optional future advance is made by the Beneficiary to the Grantor or his or her <br />successor in title after receiving written notice of the filing for record of any Deed of Trust, <br />mortgage, lien, or claim against such trust property, then the amount of such optional future <br />advance shall be junior to such Deed of Trust, mortgage, lien, or claim. The notice under this <br />subdivision shall be sent by certified mail to the Beneficiary at the address of the Beneficiary set <br />forth in the Deed of Trust or, if the Deed of Trust has been assigned, to the address of the most <br />recent assignee reflected in a recorded assignment of the Deed of Trust. <br />(iii) Subdivisions (b)(i) and (ii) of this subsection shall not limit or determine the priority of <br />optional future advances as against construction liens governed by section 52-139. <br />(4) The reduction to zero or elimination of the obligation evidenced by any of the transfers in <br />trust authorized by this section shall not invalidate the operation of this section as to any future <br />advances unless a notice or release to the contrary is filed for record as provided by law. All <br />right, title, interest, and claim in and to the trust property acquired by the Grantor or his or her <br />successors in interest subsequent to the execution of the Deed of Trust shall inure to the trustee <br />as security for the obligation or obligations for which the trust property is conveyed in like <br />manner as if acquired before execution of the Deed of Trust. <br />29. Direct and Primary Security; Liens Absolute, Etc. The lien and security interest <br />herein created and provided for stand as direct and primary security for the Notes as well as for <br />any of the other indebtedness hereby secured. No application of any sums received by Trustee or <br />Beneficiary in respect of the Mortgaged Premises or any disposition thereof to the reduction of <br />the indebtedness hereby secured or any part thereof shall in any manner entitle Grantor to any <br />right, title or interest in or to the indebtedness hereby secured or any collateral or security <br />therefor, whether by subrogation or otherwise, unless and until all indebtedness hereby secured <br />has been fully paid and satisfied and any commitment of Beneficiary to extend credit to Grantor <br />or to the Borrower shall have expired. Grantor acknowledges and agrees that the lien and <br />security interest hereby created and provided for are absolute and unconditional and shall not in <br />any manner be affected or impaired by any acts or omissions whatsoever of Trustee, Beneficiary <br />or any other holder of any of the indebtedness hereby secured, and without limiting the generality <br />of the foregoing, the lien and security hereof shall not be impaired by any acceptance by Trustee, <br />Beneficiary or any other holder of any of the indebtedness hereby secured of any other security <br />for or guarantors upon any of the indebtedness hereby secured or by any failure, neglect or <br />omission on the part of Trustee, Beneficiary or any other holder of any of the indebtedness <br />hereby secured to realize upon or protect any of the indebtedness hereby secured or any collateral <br />or security therefor. The lien and security interest hereof shall not in any manner be impaired or <br />-20- <br />