Laserfiche WebLink
I <br /> � 99- s�8s3s <br /> 36. DEFEASANCE AND RECONVEYANCE BY TRUSTEE. Upon the payment and perforrrndnce in full of all of the Obligations,Lender will execute and <br /> 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 <br /> recordation and any reconveyanoe fee charged by Trustee. Upon written request of Lender stating thai all sums secured hereby have been paid and upon <br /> surrender of this Deed of Trust and any note to Trustee for cancellation and retemion and upon paymerrt by Lender of Trustee's fees, Trustee shall <br /> reconvey to Lender,or the person or persons legally errtiiled thereto,without warranty,any portion of said premses then held hereunder. The recitals 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 mortgage under the Uniform Cormiercial Code,to secure an obligation incurred for <br /> the construction of an improvemerrt on land,induding the acquisition 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 Grarrtor and Lender. Any materials,equiprnent or supplies used or irrtended 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 Grantor, or <br /> Grantor's cornractor if loan proceeds are paid to such coMractor, shall appPy the loan proceeds to the payment of lawfuf daims 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 /> Grantor would otherwise be errtitled under any applicable law. <br /> 39. 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 TERMS: <br /> Grarrtor acknowledges that GraMor has read,understands,and agrees to the temu and conditions of this Deed of Trust,and acknowledges receipt of an <br /> exact copy of same. <br /> Datedthis 23rd dayof July, 1999 <br /> GRANTOR: GRANTOR: <br /> , <br /> I,ARRY . RffiKLING <br /> GRANTOR: GRANTOR: <br /> a l� <br /> MAR A. REMLING <br /> GRANTOR: GRANTOR: <br /> GRANTOR: GRANTOR: <br /> "___�_ "_.._ o......e.re , <br />