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�38. DEFEASANCE AND RECONVEYANCE BY TRUSTEE. Upon the paymerlt�ndpe rformance 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 costs of recordation. Upon written request of Lender stating that all sums secured hereby have been paid and upon surrender of this Deed of Trust and any note 10 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;urithout:varranty, any portion of said premises then held hereunder. The recitals in 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 person or persons legally entitled thereto". 39. CONSTRUCTION LOAN. ❑ This Deed of Trus1 is a consiruction 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 consiruction loan,and it will be subject to the terms of a construction loan agreement between Grantor and Lender. Any materials,equipment or supplies used or intended for use in the construction, development, or operation.of the Property,whether stored on or off the Property, shall also be subject to the lien of this Deed of Trus1, and Grantor, or Grantor's contraclor if loan proceeds are paid to such contractor, shall apply the loan proceeds to the payment of lawful claims for labor and material furnished for such construciion. 40. WAIVER OF HOMESTEAD AND OTHER EXEMPTIONS. Grantor hereby waives all homestead and other exemptions in ihe Property to which Grantor would othervuise be entitled under any applicable law. 41. JURY TRIAL WAIVER. GRANTOR HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY CIVIL ACTION ARISING OUT OF,OR BASED � UPON,THIS DEED OF TRUST. � 42. ADDITIONAL TERMS: Mr�► O . � !�+ Cnt � 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. Dated this 3 0 th day of MarCh, 19 9 8 GR OR: GRANTOR: � — --- — CYN HIA A. GULZOW GRANTOR: GRANTOR: GRANTOR: GRANTOR: GRANTOR: GRANTOR: NEDOTE Rev.Z87 Page 5 of 6