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200300520
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Last modified
10/15/2011 2:22:31 PM
Creation date
10/21/2005 3:52:27 PM
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DEEDS
Inst Number
200300520
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200300520 <br />13. FORBEARANCE BY BENEFICIARY OR TRUSTEE NOT A WAIVER. Any <br />forbearance by Beneficiary or Trustee in exercising any right or remedy hereunder, or otherwise <br />afforded by Governing Law, shall not be a waiver of or preclude the exercise of any such right or <br />remedyhereunder. Likewise, the waiver by Beneficiary or Trustee of any Event of Default under this <br />Deed of Trust shall not be deemed to be a waiver of any other or similar Events of Default. <br />14. RECONVEYANCE BY TRUSTEE. This Deed of Trust shall continue in full force <br />and effect from the date hereof until the Trust Estate is reconveyed as provided herein (the "Term "). <br />Upon written request of Beneficiary stating that all Obligations have been paid, and upon surrender <br />of this Deed of Trust to Beneficiary for cancellation and retention, and upon payment by Truster of <br />Trustee's fees, Trustee shall reconvey to Truster, or the person or persons legally entitled thereto, <br />without warranty, any portion of the Trust Estate then held hereunder in the manner provided by the <br />Act. The recitals in such reconveyance of any matters or facts shall be conclusive proof of the <br />truthfulness thereof. The grantee in any such reconveyance may be described as "the person or <br />persons legally entitled thereto." Truster shall pay any recordation costs relating to such <br />reconveyance. <br />15. DUTIES AND OBLIGATIONS OF TRUSTEE. <br />(a) The duties and obligations of Trustee shall be determined solely by the express <br />provisions of this Deed of Trust and of the Act. Trustee shall not be liable except for the <br />performance of such duties and obligations as are specifically set forth herein and in the Act, and no <br />implied covenants or obligations shall be imposed upon Trustee. <br />(b) No provision of this Deed of Trust shall require Trustee to expend or risk his <br />or her own funds, or otherwise incur any financial obligation in the performance of any of his other <br />duties hereunder, or in the exercise of any of his or her right or powers, if he or she shall have <br />grounds for believing that the repayment of such funds or adequate indemnity against such risk or <br />liability is not reasonably assured. <br />(c) Trustee shall not be liable for any action taken in good faith and reasonably <br />believed to be authorized orwithin the discretion, rights and powers conferred by this Deed of Trust <br />and the Act. <br />16. NOTICES. Except for any notices, demands, requests or other communications <br />required under Governing law to be given in another manner, whenever Beneficiary, Trustor or <br />Trustee gives or serves any notice (including, without limitation, notices of default and notices of <br />sale), demands, requests or other communication with respect to this Deed of Trust, each such notice, <br />demand, request or other communication shall be in writing and personally delivered or deposited <br />with a reputable overnight carrier or mailed by first class U. S. mail, postage prepaid, and addressed <br />to the address set forth at the beginning of this Deed of Trust. Such notice shall be effective <br />immediately upon personal delivery, or twenty four (24) hours after deposit with an overnight carrier, <br />or seventy two (72) hours after deposit in the U. S. mail, in the manner set forth above. Any party <br />may at any time change its address for such notices by delivering or mailing to the other parties <br />hereto, as aforesaid, a notice of such change. <br />"01259911 <br />H <br />
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