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36. D�eFEASANCE AND RECONVEYANCE BY TRUSTEE. Upon the payment and performance in full of all of the Obligations,Lender will execute and <br /> deliver to Grarrtor those documents that may be required to release this Deed of 1'rust of record. Grantor shall be responsible to pay any cosis of <br /> recQrdation snd any rAconveyance fee charged by Trustee. Upon written request of Lender stating that all sums secured hereby have been paid and upon <br /> surrender of this Deed of Trust and any note to Trustee for cancellaiion and retention and upon payment by Lender of Trustee's fees, Trustee shall <br /> reconvey to Lender,or the person or persons legally entitled thereto,without warranty,any portion of said premses then held hereunder. The recitais 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 Comrriercial Code,to secure an obligation inwrred for <br /> mrre <br /> the construction of an irr�provement on land,including the acquisition costs of land. This Deed of Trust secures a construction loan,and it will be subject to �Q <br /> the terrns of a construction toan agreement between Grantor and Lender. My materiais,equipment or supplies used or irrtended for use in the construction, � <br /> developmerrt,or operation of the Property,whether stored on or off the Pro rty, shall also be subject to the lien of this Deed of Trust, and Grantor,or � <br /> Grarnor's corrtractor if loan proceeds are paid to such contractor, shall appfy the loan proceeds to the payment of lawful claims for labor and materiai <br /> fumished for such construction. <br /> 38. WAIVER OF HOMESTEAD AND OTHER EXEMPTIONS. Grantor hereby waives all homestead and other exemptions in the Property to which � <br /> Grarrtor 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 W <br /> UPON,THIS DEED OF TRUST. � <br /> 40. ADDITIONAL TERMS: iA <br /> Grantor admowledges 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 19 th day of February, 19 9 9 <br /> GRANTO : GRANTOR: <br /> POLLY J. C L NS <br /> GRANTOR: GRANTOR: <br /> MICHAEL COLLINS <br /> GRANTOR: GRANTOR: <br /> GRANTOR: GRANTOR: <br /> uC�1ffTC 17au t9A� Pse95d6 . <br />