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<br /> ,� y7. COLLEC7(OH WSTS. To ths oxteM pertnitted by la+�.Grarttor e�qrees to pay Lender's reasonabte fees and costs,InGuding,but not Iimited to, . E ,
<br /> fees and costs of attomeys and other sgerrts Qnciuding withaut lim'dation paralegals.cierks end consuitants).whether o�r not such attomey or agErtt is �4 `�+'��.
<br /> ' whethspr�or�not s rt s brougM.inc�udi g but not lim'�ted to,ali feas and costs inwrcad on appeal9i bank9ruptcy,and fo post j d�gmeM coliection, . ; . .� , `_
<br /> SCRI6f13. � .��!
<br /> jpg, pqpTiAL RE�FASE. Lender may reteasa its interest in a�tortion of the Property by executing and recording ona or mare Partial Deed of � ,,�
<br /> � Reconveyance wRhout aft;.-etlng its interest in the remainin porton of fie Propsrty. Nothing he 9n shatl be deemed to obligate Lendar M G�rar►tor � ; r`
<br /> any ot Rs iMerest in the Property(exc5pt as required under�h 38),nor shall Lender be obli ated to cetease any part ot the Property �
<br /> � is m tletauit under this Oead of Trust. fia lien and socurit�r irnarast created by the Qeed of Trust remaln in eHect with respett to th8t portian of ths _'�
<br /> � properry,as defined in the Desd ot Trust,that is not the sub�ect of this or any Par4s1 Deed of Reconvayance. _ <
<br /> " 29. MODIF[CA'r10H AND WAIYER. The modiflcaUon or waiver o!any�v��oBGrantgor�'s tlbosr�a�Lonse,rdel�a�oRr isiaw ex�erdg anyr of its g oe C t • , :�
<br /> '� ! cor�tained!n a wridng signed by Lsnder. Lender may perfortn any of Bo , Y
<br /> acoept payme r rt s t r om G r a n t o r a r a n y o n e o t h a r t h a n G r a M Or wdhout caua�n g a vraiver of those Qb�igations or nghts. A waiver on one oxasion shall .�.--L'`"
<br /> npt ccnshtute a waivar on any other occasion. (irantor's Obiigations under this Deed of Trust shall not Ce aHeCted if L.en der amen ds,c o m p ro m i s e s, , .
<br /> � 6tut arry �
<br /> exchanges.faila to exercise.impa)rs or reteasas any oP�ObGnder�'s ttubu e�to�in�'�st uQon strict�per(or�manroe of anY ot the�b�ig bns shalt8not be . --
<br /> any Grantor,Bortcwar or third party or eny of 4he Pro ^ . --
<br /> deemed a watver and l.ender shall have the rigM at any Umo thereatter to ins}st upon stnct perfor►nance. .
<br />. 3p, �gSii'iUTE TpUSTEE. In cass ot the death.inabiiity,refusal to act or aluence of the T�ustee'From the atffie where the reai prop��s located ,
<br /> � or in case tha hoider ot the Obtigatlons shalt desire tor any reason to romova the Trustse or any subsGtuta truatea as trustee hereundg►�"�to�Pp°�m - - - -� .--.'` �--
<br /> a n p w V u s t e e in his ptace and stead•the hatder af the ODUgatlons is hereby granted tuil power to appaint in writing a substitute lrustee for sald ,
<br /> Trustee,and the subsUtute trustoe ahall,when appoirttad,beeome suxessor to e 0 r ig h t s o f Tru s t ee h e r e u n d e r a n d t h e s a m e s h a l i bscome vested in .
<br /> him for the putposes snd objects of this Deed of Trust wdh alt the power,dudes and obiigations herein eo�erted on the t�e. , : i�
<br /> 31. SUCCESSOAS AND ASS(GNS- mig Deed of Trust ahall be binding a on end inure to the benefit of Grarttur and Lender and their res�ective
<br /> suxessors.assigns,trusteea,receivera,administraiors.Parsonal represe�es.legateesand devisees. , " - -. .._.
<br /> ' 32 NOTICES. ExcePt as otherwisa re4uiced by taw,any notice or othsr communication to be provided under this Oeed of Trust shall be in vrriting . .
<br /> ' ! and sent to the parties at the addtesses descn'bed In this Oeed of Tnut or sueh other address as the parties may desIgnafs in writing irom tima m , _
<br /> itime. Any such notice so given and sent by first Nass ma�'I.postage prepaid,shail be deemed given the eariier of three(3)days after such noUCe is � �.
<br /> � seM or when received bythe person to r+hom such noUce ts being given. ' .. � „
<br /> . � 33. SEYERA9IUTY. Whenever possible.eacfi provision of thic Deed af Trust shall be irderpreted so as to Da effective and valid under applicable �
<br /> 11 atate law. If any provision of this Deed of Trust vioiates the law or is unertforesable,the rest of this�esd of Trust shatl wntinue to be vaLd and � ' .��_��
<br /> ,� entorcea4le. � � `��__
<br /> , � gq, qppUCpBLE LAW. This Qeed of Trust shall be gouemed by the laws of the state where the real property is located. Untess applicabte lari
<br /> provtdes othsrvvise.Grarrtor consertts to tha jurisdiction and venua of any court seiected by Lender,in its sole discretlon.Iocated in that state. i� ,�;�� ., .�
<br /> "_•� j 35. MlSCELLANEOUS. Grantor and Lender agree that Hme is of the essence_ L�rentor waivas presentrnertt,demand for payment,notice of dishonot �_ .I rf�x
<br /> (ir Mor,the i r O b i I g�o n s s h a l l 6 e j i r rt a n d s e e a i t n i i�e e d of�Tr�ust te preserts thei Co peete prne9�rated un�debrstanding betw+ean�(irarttor and .. . .
<br /> ce ,Y
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<br /> ' Lender per3sining to the terms and condrUOna hereof.
<br /> 38. N07HtRD PAATY[iiGNiS. No Persan is or sha116a athird beneflciary of any provtsion af this Oeed of Trust. Att provisions of this Oeed of � • ,+,�,�,�
<br /> ' Trust in fuvor of Lender are intended sotety tor tha benefit of Len er,and no third party shali be ert6Ued to assume or expecc that Lendsr wfll waive or � �:• � .;.;-
<br /> eonssM to the modificazion ot any pro v is ion o f t Ais Oeed of Tru s t,in Londer's sote discreUon. � ' , � _ ._
<br /> 37. PAESERYATIOH OF LN911t7Y AHD PRIOiifTY. Without affacting the Oability of Borrower,Grantor.or any guarantor of the Obligatlons.or any .,x,,',' ���:
<br /> other person(except a person e�ressly relessed tn writing)for the payment end performance of the Obligadons,and without attectlng ttsa tlghts of ;:;.:-
<br /> ' Lender with respect to any Property not e�cpressty released in wrttlng,and without impalring tn any vray the pdority of thta Deed of TNSI OYBf U10 : . .
<br /> ' � Irrterest of any erson acquired or first evidonoed by recording subsequent to the reoording of this Deed of Trust.Lendar may,e'dhar betoro or after .� �
<br />�. ��� U�s maturity�the Obligatlons,and without notiee or consent retease arry person Iiabte for paymertt or perfortnance of all or any part of 1he . . , —
<br /> U s of aymeM or rfortnance of aii or anY Patt of the t3btlgations; axercise or tehain from �' �-`,�� � '
<br /> : � Obiigations make any a�reement altertng the term P P9 s ..�
<br /> exercising or watve arry ngM or remedy that Lender may have under thfs Oesd of Trust:axoPt additional secur of any ktnd tor an of the � ����
<br /> Obii 8ons;��refe a�oe�►�e e Proper�ty�ba d emedeby acqui ing such iMe�or�e.ro8rdin en eYvidenan�e�r�Intgo have co�ttseg�ted to ail or . . :�. � �� � .
<br /> . �.l eny�`me�e� y :; .�
<br /> any such actlons by Lsnder. �
<br /> 38. DEFFASANCE. Upon the ayment and performanca in tuil of ail of the ObligaUons.Lender will execute and detiver to Qrantor those documarrts _ ,�:� '
<br /> that may be required to release hts Qeed of Trust of record. Grantor shalt be responsible to pay any eosts of recordatjon. � �,
<br /> 39. C O H S T R U C'T I O N L O A N. � Th i s D e e d o t T r u s t i s a e o n s t r u c t i o n m a r�q a ge under the UnHortn Commercial Code,to secure an obilgation •., � ry• I}
<br /> incurmd for the construction of an improvement on land,including the acquisition eosb of Iand. Thie Deed of Trust securos a consUu c don foan,an d � .:�� . ` �
<br /> it will be su6ject to the tertns of a construcdon loan agroement Eetween Qrerttor and Lsndar. My materials,equipment or suppltas used or intanded ,z:_ • -ii '
<br /> � t or use in t h e c o n s G u c U on,develo pment,or o peraUon of the Property,whether storod on or off the Property,shall afso be subjeat to the Nen of this ._� _ �� ; _
<br /> OeedofTrust. �'•��' •'�
<br /> 40. WAIVER OF HOMFSTEAD AND OTHER IXENAPTIOH& Grant°r hereEy waives all homestead and other exemptions in the Property to which - :.}s • .
<br /> Grantor would othervvise be ontiUed urtder any applicable law. '`�� �-r��
<br /> 41. JUp�(TRIAL WANER. LENDEA AND GRANTOA MEREBY WANE ANY RIGHT TO TRIAL BY JUAY IN AHY CI1RL ACTION ARISlHG 6UT OF, r: ��__
<br /> � OA BASHD UPOH,THIS�EED OF TRUST. i:k;�r! _- '��
<br /> . 42 ADDft10HALTERM3: . , . �"�`� �
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<br /> Orantor acknowiedges that Grantor has road,understends,and agrees to tha terms and condiUons of this Deed of Trust,and acimowtedges receipt of .
<br /> an exact copy of same. . ..
<br /> . '�'•��.::
<br /> Oatad this a7th day of_ �nh• 1997 . :.' . ._ �•
<br /> Gwvarox Triaidnd J Aquilar GRAMOA: SOIIII�e J Aguilar : ,
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<br /> Tr a a J Ag� �as / � $°� e a . • .
<br /> GRANTOH: GRANTOR: ' • .,—
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<br /> GRJiNTOR GRRNTOft ' : �
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