200205693 - Laserfiche WebLink

Browse

200205693 35. PRESERVATION OF LIABILITY AND PRIORITY. Without affecting the liability of Borrower. Grantor, or any guarantor of the Obligations, Or any other person I ... ad a person expressly released in writing) for the payment and performance of the Obligations, and without affecting the rights of Lander with respect to any Property not expressly released in writing, and without impairing In any way the priority of this Deed of Trust over the interest of any person acquired or first evidenced by recording subsequent to the recording of this Deed of Trust, Lander may, either before or after the maturity of the hligations, and without notice or consent: release any parson liable tar payment or performance of all or any part of the Obligations: make any agreement altering the terms of payment or performance of all or any part of the Obligations; exercise or refrain from exercising or waive any right or remedy that Lender may have under the Dead of Trust; accept additional security of any kind for any of the Obligations; or release or otherwise deal with any real or personal property securing the Obligations. Any person acquiring or recording emdance of any Interest of any nature in the Property shall be deemed, by acquiring such Interest or recording any evidence thereof, to have consented to all or any such actions by Lender. 36. DEFEASANOE AND RECONVEYANCE BY TRUSTEE. Upon the payment and performance in full of all of the Obligations, Lender will execute and deliver to Grantor those documents that may be required to release this Deed of Trust of record Grantor shall be responsible to pay env costs of recordation and any reconveyance fee charged by Trustee. Upon written request of Lender stating that all sums assured hereby have been paid and upon surrender of this Deed of Trust and any note to Trustee for cancellation and retention and upon payment by Lender of Trustee's fees. Trustee shall reconvey to Lender, or the person or persons legally entitled thereto, without warranty, any portion of sold preTises than had hera odi The rechals in such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. The grantee In any reconveyance may be described as the person or persons legally entitled thereto ". 37. CONSTRUCTION LOAN. ❑ This Deed of Trust is a construction mortgage under the Uniform Commercial Code, to secure an obligation incurred for the construction of an Improvement on land, Including the acquisition costs of land. This Deed of Trust Secures a construction loan, and It will be subject to the terms of a construction loan agreement between Grantor and Lender. Any materials, equipment or supplies used Or intended for use in the construction, development, or operation of the Property, whether stored on or off the Property. had also be subject to the lien of this Deed of Trust, and Grantor, or Grantor's contractor if loan proceeds are paid to such contractor, shall apply the loan proceeds to the payment of lawful claims for labor and material furnished for such construction. 38. WAIVER OF HOMESTEAD AND OTHER EXEMPTIONS. Grantor hereby waives all homestead and other exemptions in the Property to which Grantor would otherwise be entitled under any applicable law. 39. JURY TRIAL WAIVER. GRANTOR HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY IN ANY CIVIL ACTION ARISING OUT OF, OR BASED UPON, THIS DEED OF TRUST. 40. ADDITIONAL TERMS: Grantor acknowledges that Grantor has read, understands, and agrees to the terms and conditions of this Deed of Trust, and acknowledges recruit of an exact all Of same. Dated this _ 16 th day Of A 1 2002 GRANT GRANTOR: �.� BOSTON % HUTCMI90N FXA RONDA % WELCH GRANTOR GRANTOR'. JEFFREY H HUJOHIS GRANTOR'. GRANTOR. GRANTOR: GRANTOR: OFflC41L 9811 6m� B. MO RISO MELISSA B. MONRISON f]11SEN6 WNHONrl�.eaNR P.o BDx® STATE OF YtLn+l E91 MPATNBBUM.'NV >SW2 _ Il ymlwlir9MUpsNfterr rto, 201, as COUNTY OF �(�. 0 �/ l Q On this 16 _ day of (l -e �a 1 _ - Jx , personally appeared 1 i-Y N -F y h C oylt_ A known to me to be the persons whose barrels) ratan subscribed to the foregoing Instrument, acknowledged that he /she /they executed same as his/her/their voluntary act and dead, and if married, intending to bind his /her separate estate. j� Q fc,—, A21 Notary Publi "Inall IePI aev. l,aa Vqe s er s