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200214091
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200214091
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Last modified
10/15/2011 12:31:14 PM
Creation date
10/22/2005 11:16:25 PM
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DEEDS
Inst Number
200214091
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200214091 <br />18. Truster Not Released. Extension of the time for <br />payment or modification or amortization of the sums secured by <br />this Deed of Trust granted by Beneficiary to any successor in <br />interest of Trustor shall not operate to release, in any manner, <br />the liability of the original Truster and Truster's successor in <br />interest. Beneficiary shall not be required to commence <br />proceedings against such successor or refuse to extend time for <br />payment or otherwise modify amortization of the sums secured by <br />this Deed of Trust by reason of any demand made by the original <br />Truster and Truster's successor in interest. <br />19. Beneficiary's Powers. Without affecting the liability <br />of the Truster or any other person liable for the payment of any <br />obligation herein mentioned, and without affecting the lien or <br />charge of this Deed of Trust upon any portion of the Property not <br />then or theretofore released as security for the full amount of <br />all unpaid obligations, Beneficiary may, from time to time and <br />without notice, (i) release any person so liable, (ii) extend the <br />maturity or alter any of the terms of any such obligations, (iii) <br />grant other indulgences, (iv) release or reconvey, or cause to be <br />released or reconveyed at any time at Beneficiary's options any <br />parcel, portion or all of the Property, (v) take or release any <br />other or additional security for any obligation herein mentioned, <br />or (vi) make compositions or other arrangements with debtors in <br />relation thereto. <br />20. Reconveyance by Trustee. Upon written request of <br />Beneficiary stating that all sums secured hereby have been paid, <br />and upon surrender of this Deed of Trust and the Note to Trustee <br />for cancellation and retention and upon payment by Truster of <br />Trustee's fees, Trustee shall reconvey to Truster, or the person <br />or persons legally entitled thereto, without warranty, any <br />portion of the Property then held hereunder. The recitals in <br />such reconveyance of any matters or facts shall be conclusive <br />proof of the truthfulness thereof. The grantee in any <br />reconveyance may be described as "the person or persons legally <br />entitled thereto ". <br />21. Notices. Except for any notices, demands, requests, or <br />other communications required under applicable law to be given in <br />another manner, whenever Beneficiary, Trustor, or Trustee gives <br />or serves any notice (including, without limitation, notice of <br />default and notice of sale), demands, requests or other <br />communication with respect to this Deed of Trust, each such <br />notice, demand, request or other communication shall be in <br />writing and shall be effective only if the same is delivered in <br />person to the recipient entitled to notice or mailed by certified <br />mail, postage prepaid, return receipt requested, addressed to the <br />10 <br />
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