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99108035
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Last modified
3/13/2012 6:55:34 PM
Creation date
10/21/2005 12:21:10 AM
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DEEDS
Inst Number
99108035
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_. �1 , 9 9 <br /> • 36. DEFEASANCE AND RECONVEYANCE BY TRUSTEE. Upon the payment and performance in full of all of the Obligations,Lender will execute and <br /> deliver to Gra�tor those documents that may be required to release this Deed of Trust of record. Grantor shall be responsible to pay any costs of <br /> recordation and any reconveyance fee charge d by Trustee. Upon written request of Lender staiing that all sums secured hereby have been paid and upon <br /> surrender of thi� Deed of Trust and any note to Trustee for cancellation 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 prerruses then held hereunder. The recitals in <br /> such reConveyance of any mariers or facis shail be conclusive proof of the iruthfulness 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 Comrnercial Code,to secure an obligation incurred for <br /> the construction of an improvement on land,including ihe acquisition costs of land. This Deed of Trust secures a construction loan,and it will be subject to <br /> the tertns of a construction loan agreement between Grantor and Lender. Any materials,equipment or supplies used or intended for use in the construction, <br /> development, or operation of the Property,whether stored on or off the Pro rty, shall aiso be subject to the lien of this Deed of Trust, and Grantor, or <br /> Grantor's contractor if loan proceeds are paid to such contractor, shall app�y the loan proceeds to the payment of lawful claims for labor and material <br /> furnished 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 /> GraMor would otherwise be entitled under any applicable law. <br /> �. JURY TRIAL WAIVER. GRANTOR HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY CIVIL ACTION ARISING OUT OF,OR BASED <br /> UPON,THIS DEED OF TRUST. <br /> 40. ADDITIONAL TERM3: ; , _. ; <br /> Grantor acknowledges that Grantor has read,understands,and agrees to the terms and conditions of this Deed of Tn�st,and acknowledges receipt of an <br /> exact copy of same. <br /> Datedthis 22nd dayof March, 1999 <br /> GRANTOR: GRANTOR: <br /> � A '� <br /> /✓1'! ____ <br /> KEVIN C. CHILEWSKI <br /> GRANTOR: GRANTOR: <br /> . � <br /> /~ <br /> SONYA S. HILEW5RI <br /> GRANTOR: GRANTOR: <br /> GRANTOR: GRANTOR: <br /> NEDOTE Rev.12�J7 Page 5 of 6 <br />
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