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200708950
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Last modified
10/18/2007 2:44:51 PM
Creation date
10/18/2007 2:41:24 PM
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DEEDS
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200708950
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<br />'~ <br /> <br />200708950 <br /> <br />Loan No: 8530848342/117 <br /> <br />MODIFICATION OF DEED OF TRUST <br />(Continued) <br /> <br />Page 3 <br /> <br />the dispute concerns indebtedness secured directly or indirectly, in whole or in part, by any real property unless (i) the holder of the <br />mortgage, lien or security interest specifically elects in writing to proceed with the arbitration, or (ii) all parties to the arbitration waive any <br />rights or benefits that might accrue to them by virtue of the single action rule statute of Idaho, thereby agreeing that all indebtedness and <br />obligations of the parties, and all mortgages, liens and security interests securing such indebtedness and obligations, shall remain fully valid <br />and enforceable. <br /> <br />If Montana law governs the Dispute, the following provision is included: <br /> <br />Real Property Collateral; Judicial Reference. Notwithstanding anything herein to the contrary, no dispute shall be submitted to arbitration if <br />the dispute concerns indebtedness secured directly or indirectly, in whole or in part, by any real property unless (i) the holder of the <br />mortgage, lien or security interest specifically elects in writing to proceed with the arbitration, or (ii) all parties to the arbitration waive any <br />rights or benefits that might accrue to them by virtue of the single action rule statute of Montana, thereby agreeing that all indebtedness <br />and obligations of the parties, and all mortgages, liens and security interests securing such indebtedness and obligations, shall remain fully <br />valid and enforceable. <br /> <br />If Nevada law governs the Dispute, the following provision is included: <br /> <br />Real Property Collateral; Judicial Reference. Notwithstanding anything herein to the contrary, no dispute shall be submitted to arbitration if <br />the dispute concerns indebtedness secured directly or indirectly, in whole or in part, by any real property unless (i) the holder of the <br />mortgage, lien or security interest specifically elects in writing to proceed with the arbitration, or (Ii) all parties to the arbitration waive any <br />rights or benefits that might accrue to them by virtue of the single action rule statute of Nevada, thereby agreeing that all indebtedness and <br />obligations of the parties, and all mortgages, liens and security interests securing such indebtedness and obligations, shall remain fully valid <br />and enforceable. <br /> <br />If Utah law governs the Dispute, the following provision is included: <br /> <br />Real Property Collateral; Judicial Reference. Notwithstanding anything herein to the contrary, no Dispute shall be submitted to arbitration if <br />the Dispute concerns indebtedness secured directly or indirectly, in whole or in part, by any real property unless the holder of the <br />mortgage, lien or security interest specifically elects in writing to proceed with the arbitration. If any such Dispute is not submitted to <br />arbitration, the Dispute shall, at the election of any party, be referred to a master in accordance with Utah Rule of Civil Procedure 53, and <br />this general reference agreement is intended to be specifically enforceable. A master with the qualifications required herein for arbitrators <br />shall be selected pursuant to the AAA's selection procedures. Judgment upon the decision rendered by a master shall be entered in the <br />court in which such proceeding was commenced in accordance with Utah Rule of Civil Procedure 53(e). <br /> <br />TRUSTOR ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS MODIFICATION OF DEED OF TRUST AND TRUSTOR AGREES <br />TO ITS TERMS. THIS MODIFICATION OF DEED OF TRUST IS DATED OCTOBER 17, 2007. <br /> <br />TRUSTOR: <br /> <br />X~cV~F <br />nneth W. Staab <br /> <br />X ~cU 1!zd.Uu<Jt;, "i- <br /> <br />Rose ary Staab tl <br /> <br />LENDER: <br /> <br />WELLS FARGO BANK. NATIONAL ASSOCIATION <br /> <br />X Alb~, -1 &11 <br />
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