Laserfiche WebLink
� � 99 i08058 <br /> 36 DEFEASANCE AND RECONVEYANCE BY TRUSTEE. Upon the payment andperfomiar►ce in full of all of the Obligations,Lender will execute and <br /> de�iver to Grarrtor those documerrts 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 recorneyance 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 cancellation and reternion and uPon paymerrt by Lender of Trustee's fees, Tn�stee shall <br /> recorney to Lender,or the person or persons legally entitled thereto,without warrarrty,any portion of sa�d premses then held hereunder. The reatals in <br /> such reconveyanoe of any matters or facts shall be condusive proof of the truthfulness thereof. The grantee in any reconveyance may be described as"the <br /> person or persons legally errtitled thereto". <br /> 37. CONSTRUCTION LOAN. ❑ This Deed of Trust is a construction m�rtgage under the UnifoRn Commercial Code,to secure an obligation incuRed for <br /> the construction of an improvemern on land,induding the soquisition costs of land. This Deed of Trust secures a construction loan,and it will be subject to <br /> the terms of a construction loan agreemeM between Grarnor and Lender. My materials,equipmern or supplies used or irnended for use in the construction. <br /> development,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 Grer�tor,or <br /> et <br /> Grantor's contractor if loan proceeds are paid to such corrtractor, shall appPy the loan proceeds to the paymerrt of Iawful'claims for labor and material <br /> fumished for such construction. <br />, 38. WAIVER OF HOMESTEAD AND OTHER EXEMPTIONS. GraMOr hereby waives all homestead and other exemptions in the Property to which <br /> Grarnor would otherw(se be errtftled under any applicable law. <br /> 39. JURY TRIAL WAIVER. GRANTOR HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY CIVIL ACT10N ARISING OUT OF,OR BASED <br /> UPON,THIS DEED OF TRUST. <br /> 40. ADDITIONAL TERMS: <br /> Grantor adviowledges that Grarrtor has read,understands,and agrees to the terms and conditions of this Deed of Trust,and adviowledges receipt of an <br /> exact copy of same. <br /> Dated this 9 th day of AuquB t, 19 9 9 <br /> GRANTOR: GRANTOR: <br /> � <br /> DAG H �LS <br /> RAN GRANTOR: <br /> PAMELA HRLL3TSN <br /> GRANTOR: GRANTOR: <br /> GRANTOR: GRANTOR: <br /> NEDOTE Rw.1297 <br /> Papa 6 d 6 <br />