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. . . 99 � os �53 38. DEFEASANCE AND RECONVEYANCE BY TRUSTEE. Upon the payment and�perfomrance in full of all of the Obligations,Lender will execute and delNer tb Grantor those documems that may be requlred to release thls Deed of Trust of record. Grarrtor shall be responsible to pay any costs of reoordation end any reoonveyance fee charged by Trustee. Upon written request of Lender stating thal alf sums secured hereby have been paid and upon surrender of thls Deed of Trust and any note to Trustee for cancellatio� end reterrtlon and upon paymerrt by Lender of Trustee's fses, Trustee shall recorney to Lender,or the person or persons legally entftled thereto,without warranry,any portion of saidpreMses then held hereunder. The reatals in wch recorneyance of eny mattera or facts shall be condusive proof of the tn�thtulness thereof. The grantee in any reconveyance may be described as"the person or persons legally ernhled thereto". 97. CONSTRUCTION LOAN. ❑ Thla Deed of Tn�at is a construcllon mortgage undar the Uniform Cormierdal Code,to secure an obligation Incuned for iha con�tructlon of en Improveman3 on lend Includlng the aoquisition cost�of land. This Deed of Truet secures a constructlon loan,and It will be subject to ihe tertns of a con�tructlon loen agreemerrt�etween 4ramor end Lender. My materlals,equipment or supplles used or intended for use fn ihe construction, developmeM,or oparaUon of ttw Property,whether stored on or off ths Pro rry,shali aiso be sub�ct to the Ilen of this Deed of Trust,end Grarttor,or Qremor's coMrector If ban prooaeci�ere paid to auch contractor, shall appPy the loan proceeds to the paymaM of lawful dalms for lebor and rnate�lal fumished for euch con:tructlon. 38. WAIVER OF HOMESTEAD AND 07HER EXEMPTION8. Qrantor hereby walves all homeatead and other exemptlons in the Property to which Grarrtor would othervvlse be entitlad under any applicable Iaw. �. JURY TRIAL WAIVER. aRANTOR HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY CIVIL ACT10N ARISING OUT OF,OR BASED UPON,THI8 DEED OF TRUBT. 40. ADDITIONAL TERMB: Grantor aclv�owledges that Cirantor has read,understands,and agrees to the terms end wnditions of 1h1:Deed of Trust,and adv�owledges receipt of an axed copy of same. Dat�dthis aaQ dayot J`uly, 1999 �RANTOR: GRANTOR: � - � 1�A.R . .A P .OS CCU GRANTCOR: GRANTOR: s ' �— P� DWIGBT MCC Y ORANTC)R: aRANTOR: f3R/WTOR: CiRlWTOR: NEDOlE FNv.1?A7 Pp�6 d 8