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36. DEFEASANCE AND RECONVEYANCE BY TRUSTEE. Upon the payment andperformance in full of all of the Obligations,Lender will execute and deliver to Grantor those documents that may be required to release this Deed of Trust of record. Grantor shall be responsible to pay any cosis of � recordation and any reconveyance fee charged by Trustee. Upon written request of Lender stating that all sums secured hereby have been paid and upon , surrender of ihis Deed of Trust and any note to Trustee for cancellation and retention and upon payment by Lender of Trustee's fees, Trustee shall � reconvey to Lender,or the person or persons legally entitled thereto,wilhout warranty,any portion of said premises then held hereunder. The recitals in � such reconveyance of any matters or facts shall be conclusive proof of ihe truthfulness thereof. The grantee in any reconveyance may be described as"the � person or persons legally entitled thereto". � 37. CONSTRUCTION LOAN. ❑ This Deed of Trust is a construction mortgage under the Uniform Commercial Code,to secure an obligation incurred for 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 �' the terms of a construction loan agreement beiween Grantor and Lender. Any materials,equipment or supplies used or intended for use in the construction, x Grantor'�contract o if loan proceedsareypaideto such oontractor, shall apply rtii'e loanl pro dslio�thet payment off lawful�cla ms forr labor andramater al furnished for such construction. 38. WAIVER OF HOMESTEAD AND OTHER EXEMPTIONS. Grantor hereby waives all homestead and other exemptions in the Property to which Grantor would otherwise be entitled under any applicable law. 39. JURHISRDEED OF TRUgTRANTOR HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY CIVIL ACTION ARISING OUT OF,OR BASED UPON,T 40. ADDITIONAL TERMS: Grantor acknowledges that Grantor has read,understands,and agrees to the terms and conditions of this Deed of Trust,and acknowledges receipt of an exact copy of same. Datedthis 23rd dayof April, 1999 GR TOR: • GRANTOR: J IFER L W L AM GRANTOR: GRANTOR: KEL R LL AM GRANTOR: GRANTOR: GRANTOR: GRANTOF: Page5of6