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� 99 1116r6 <br /> 36. DEFEASANCE ANQ RECONVFYANCE BY TRUSTEE. Upon tlie paynicrit and perfamiance in full of all of the Obligations,Lender will execute and <br /> deliver to Grantor tliose docunic nis ihai may 6e required to release itus Deed of Trust of record_ Granior shall be responsible to pay any costs of <br /> recorda�ion and ai�y reconveyance fee charged by Trustee. Upon writ�en request of�ender staling that all sums secured hereby have been paid and upon <br /> ,urrender et Ihis Deed of Trust and any nole to Trustee for cancellation and retention and upon payment by Lender of Trustee's fees, Trustee shall <br /> r�.r,onvey to Lendcr, ar ihe person or person5 legally entiiled tliereto,withuui warrardy, any portan of said premises then held hereunder. The recitals in <br /> sucli rc�cor!vF�ys�nc.e o(any ms+iters or facts sha11 be cor�chasive proof ot Ilie trut!dulness tliereof The grarnee in any reconveyance may be described as"the <br /> person or per-,oris leyafl•;errli��ec!th�relo". <br /> 37. Cf?NST4iUC:11C1N._QAN ' I TF�is i7eed ol Trust i:�t onstriiciion morigage under the Unifurm Commercial Code,to secure an obligatioo incurred for <br /> if�f,��,ii ir+�:;+�n�i<>(r�n����rrov��ir�f�r+t��n��nd,inc:�udir�g tl�e acq��isiiion costs of land. Th�s De�d of Trust secures a construction loan,and it will be subject to <br /> tne term:crf a con�truc,!!or+!aar�agr<�e�7,er�r k�t�Neeri Granlor and Lnn�ier. Any ir�aterial5,equiprrient or supplies used or intended for iise in the construction, <br /> �)e�,e1o�>n�en�, or eperat�on ol tlie Property,whether slered on or off Il�ie Nro��rty, .I?aA also be subject 10 the lien of ihis Deed ot Trust, and Grantor, or <br /> t;rarrfor's conirador if !��ai� procE:ecis are p:�id to s��Ch Go1111'�ctor, shall appy the loan proceeds to the payi7ient of lawful clain�s for labor and material <br /> fi.�rnisf�ed f,�r s,u;h construction. <br /> 38. WAIVER OF HOMESTEAD AND OTHER EXEMPTIONS. Grantor tiereby waives all homestead and olher exemptions in the Properly to which <br /> Grantor woi!Id otPierwise be entitled iinder any applicable law. <br /> 39. JllRY TRIAL UVAIV�R GRANTOR HEREBY WAIVES ANY RIGHT TO TRIAL BY JURV IN ANY CIVIL ACTION ARISING OUT OF,OR BASED <br /> 11PON.TNIS UEFD QF TRUST. <br /> 4U. Af?(71TI1l�l�L'TER�A�: <br /> (�ranior�r,knouvledc�es ih:a1 Grantur has read,imderstands,and agrees to the tenns and conditions ot this Deed of Trusi,and acknowledges receipt of an <br /> exari copy of same <br /> Datedthis 7th dayofDecember, 1999 <br /> GRF1�!TrJ��l� C,RANTOR: <br /> � —����"`t <br /> bM�x G zor� <br /> GHANTOII. GRANTOR: <br /> 'C '�C7�� �e �u me �3r� no _ _ <br /> �TI�R.IrF.;I,� MF'DNrNO <br /> GHAN TOI l: �;Rl1�TC)N: <br /> GRANTOR: GRANFOR: <br /> Pana S n�R __�1€ <br />