200505854 - Laserfiche WebLink

Browse

Deed of Trust, continued 200545854 dIian! 27. Trustee Exculpation. I£ this Deed of Trust is executed by a trust, You execute this Deed of Trust as trustee as aforesaid, in the exercise of the power and authority conferred upon and vested in it as such trustee, and it is expressly understood and agreed by Us and by every person hereafter claiming any right hereunder that nothing contained herein or in the Agreement shall be construed as creating any liability on You personally to pay amounts owing in connection with the Agreement or this Deed of Trust or any interest that may occur thereon, or to perform any covenants either express or implied contained in this Deed of Trust, all such liability, if any, being expressly waived, and that any recovery on the Deed of Trust or the Agreement shall be solely against and out of the Property by enforcement of the provisions of this Deed of Trust and the Agreement, but this waiver shall in no way affect the personal liability of any individual Borrower, co -maker or guarantor of this Agreement. 28. Substitute Trustee. We may, at Our option, from time to time, remove the Trustee and appoint a successor Trustee to any Trustee appointed hereunder. Without conveyance of the Property, the successor Trustee shall succeed to all the title, power and duties conferred upon the Trustee herein and by applicable law. 29. Reconveyance. After compliance with all requirements of the Agreement and payment of all fees due to Us, We shall request the Trustee to release and reconvey the Property to You. Trustee shall reconvey the Property without Warranty. You shall pay any fee legally charged by the Trustee for the issuance of reconveyance and all costs of recordation. 30. One Trustor. If there is only one person executing this Deed of Trust, You represent that You are [X] single or [] married. [Check one as applicable]. CPX -14-SI- 703 -NE 7 of Revised 11/01/2004 CHMELKA ACAPS: 105051307713000