Laserfiche WebLink
<br />200800658 <br /> <br />Loan No: 7785840855-42 <br /> <br />MODIFICATION OF DEED OF TRUST <br />(Continued) <br /> <br />Page 3 <br /> <br />to proceed with the arbitration, or (ii) all parties to the arbitration waive any rights or benefits that might accrue to them by virtue of the <br />single action rule statute of Idaho, thereby agreeing that all indebtedness and obligations of the parties, and all mortgages, liens and <br />security interests securing such indebtedness and obligations, shall remain fully valid and enforceable. <br /> <br />If Montana law governs the Dispute, the following provision is included. Real Property Collateral; Judicial Reference: Notwithstanding <br />anything herein to the contrary, no dispute shall be submitted to arbitration if the dispute concerns indebtedness secured directly or <br />indirectly, in whole or in part, by any real property unless (i) the holder of the mortgage, lien or security interest specifically elects in writing <br />to proceed with the arbitration, or (ii) all parties to the arbitration waive any rights or benefits that might accrue to them by virtue of the <br />single action rule statute of Montana, thereby agreeing that all indebtedness and obligations of the parties, and all mortgages, liens and <br />security interests securing such indebtedness and obligations, shall remain fully valid and enforceable. <br /> <br />If Nevada law governs the Dispute, the following provision is included. Real Property Collateral; Judicial Reference: Notwithstanding <br />anything herein to the contrary, no dispute shall be submitted to arbitration if the dispute concerns indebtedness secured directly or <br />indirectly, in whole or in part. by any real property unless (i) the holder of the mortgage, lien or security interest specifically elects in writing <br />to proceed with the arbitration, or (ii) all parties to the arbitration waive any rights or benefits that might accrue to them by virtue of the <br />single action rule statute of Nevada, thereby agreeing that all indebtedness and obligations of the parties, and all mortgages, liens and <br />security interests securing such indebtedness and obligations, shall remain fully valid and enforceable. <br /> <br />If Utah law governs the Dispute, the following provision is included. Real Property Collateral; Judicial Reference: Notwithstanding <br />anything herein to the contrary, no Dispute shall be submitted to arbitration if the Dispute concerns indebtedness secured directly or <br />indirectly, in whole or in part, by any real property unless the holder of the mortgage, iien or security interest specifically elects in writing <br />to proceed with the arbitration. If any such Dispute is not submitted to arbitration, the Dispute shall, at the election of any party, be <br />referred to a master in accordance with Utah Rule of Civil Procedure 53, and this general reference agreement is intended to be specifically <br />enforceable. A master with the qualifications required herein for arbitrators shall be selected pursuant to the AAA's selection procedures. <br />Judgment upon the decision rendered by a master shall be entered in the court in which such proceeding was commenced in accordance <br />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 JANUARY 25. 2008. <br /> <br />TRUSTOR: <br /> <br />RSF LIMITED PARTNERSHIP <br /> <br /> <br />"\ <br /> <br />~ ::;L' <br /> <br />"~.. G:M,": "72:: LOnd.. P.rtn...." <br /> <br />Hams. General Partner of RSF Limited Partnership <br /> <br />""'- <br />X ~ '"\ ~' <br /> <br />Timothy R. Herris. Individually <br /> <br /> <br />LENDER: <br /> <br />WELLS FARGO BANK, NATIONAL ASSOCIATION <br /> <br />xJ~ff)eL- <br /> <br />Authorized 0 r <br />