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27. COLLECTION COSTS. To the extent permitted by law,Grantor agrees to pay Lender's reasonable fees and costs,including, but not limited to, �
<br /> fees and costs of attorneys and other agents(including without limitation paralegals,clerks and consultants),whether or not such attorney or agent is
<br /> an employee of Lender, which are incurred by Lender in collecting any amount due or enforcing any right or remedy under this Deed of Trust,
<br /> �!whether or not suit is brought, including, but not limited to,all fees and costs incurred on appeal, in bankruptcy,and for post-judgment collection
<br /> �actions.
<br /> �28. PARTIAL RELEASE. Lender may release its interest in a portion of the Property by executing and recording one or more Partial Deed of
<br /> Reconveyance without affecting its interest in the remaining portion of the Property. Nothing herein shall be deemed to obligate Lender to release
<br /> �any of its interest in the Property(except as required under Paragraph 37),nor shall Lender be obligated to release any part of the Property if Grantor
<br /> ��win default under this Deed of Trust. The lien and security interest created by the Deed of Trust remain in effect with respect to that portion of the
<br /> �property,as defined in the Deed of Trust,that is not the subject of this or any Partial Deed of Reconveyance.
<br /> 2�. MODIFICATION AND WAIVER. The modification or waiver of any of Grantor's Obligations or Lender's rights under this Deed of Trust must be
<br /> � �Ctlntained in a writing signed by Lender. Lender may perform any of Borrower's or Grantor's Obligations,delay or fail to exercise any of its rights or
<br /> � aocept payments from Grantor or anyone other than Grantor without causing a waiver of those Obligations or rights. A waiver on one occasion shall
<br /> nbt constitute a waiver on any other occasion. Grantor's Obligations under this Deed of Trust shall not be affected if Lender amends,compromises,
<br /> �"ekchanges,fails to exercise, impairs or releases any of the Obligations belonging to any Grantor, Borrower or third party or any ot its rights against
<br />,;,,.';:alty Grantor, Borrower or third party or any of the Property. Lender's failure to insist upon strict performance of any of the Obligations shall not be
<br />�,«�;deemed a waiver,and Lender shall have the right at any time thereafter to insist upon strict performance.
<br /> 30. SUBSTITUTE TRUSTEE. In case of the death,inability,refusal to act or absence of the Trustee from the state where the Property is located or in
<br /> case the holder of the Obligations shall desire for any reason to remove the Trustee or any substitute trustee as trustee hereunder and to ap�oint a
<br /> new trustee in his place and stead,the holder of the Obligations is hereby granted full power to appoint in writing a substitute trustee for said Trustee,
<br /> and the substitute trustee shall,when appointed,become successor to all rights of Trustee hereunder and the same shall become vested in him tor
<br /> the purposes and objects of this Deed of Trust with all the power,duties and obligations herein conferred on the Trustee.
<br /> 31. SUCCESSORS AND ASSIGNS. This Deed of Trust shall be binding upon and inure to the benefit of Grantor and Lender and their respective
<br /> successors,assigns,trustees,receivers,administrators,personal representatives,legatees and devisees.
<br /> 32. NOTICES. Except as otherwise required by law,any notice or other communication to be provided under this Deed of Trust shall be in writing
<br /> and sent to the parties at the�ddressea described in this beed of T�ust or such dthsr address as the parties may designate in writing from time to
<br /> time. Any such notice so given and sent by first class mail,postage prepaid,shall be deemed given the earlier of three(3)days after such notice is
<br /> sent or when received by the person to whom such notice is being given.
<br /> 33. SEVERABILITY. Whenever possible,each provision of this Deed of Trust shall be interpreted so as to be effective and valid under applicable
<br /> state Iaw. H any provision of this Deed of Trust violates the Iaw or is unenforceable, the rest of this Deed of Trust shall continue to be valid and
<br /> enforceable.
<br /> 34. APPLICABLE LAW. This Deed of Trust shall be governed by the laws of the state where the Properry is located. Unless applicable Iaw provides
<br /> othervvise,Grantor consents to the jurisdiction and venue of any court selected by Lender,in its sole discretion,located in that state.
<br /> 35. NO THIRD-PARTY RIGHTS. No person is or shall be a third-party beneficiary of any provision of this Deed of Trust. All provisions of this Deed of
<br /> Trust in favor of Lender are intended solely for the benefit of Lender,and no third party shall be entitled to assume or expect that Lender will waive or
<br /> consent to the modification of any provision of this Deed of Trust,in Lender's sole discretion.
<br /> 36. PRESERVATION OF LIABILITY AND PRIORITY. Without affecting the liability of Borrower,Grantor,or any guarantor of the Obligations,or any
<br /> other person (except a person expressly released in writing)for the payment and performance of the Obligations,and without affecting the rights of
<br /> Lender with respect to any Property not expressly released in writing, and without impairing in any way the priority of this Deed of Trust over the
<br /> interest of any person acquired or first evidenced by recording subsequent to the recording of this Deed of Trust, Lender may,either before or after
<br /> the maturity of the Obligations, and without notice or consent: release any person liable for payment or pertormance of all or any part of the
<br /> Obligations; make any agreement altering the terms of payment or performance of all or any part of the Obligations; exercise or refrain from
<br /> exercising or waive any right or remedy that Lender may have under this Deed of Trust; accept additional security of any kind for any of the
<br /> Obli�ations;or release or otherwise deal with any real or personal property securing the Obligations. Any person acqwring or recording evidence of
<br /> any interest of any nature in the Property shall be deemed,by acquiring such interest or recording any evidence thereof,to have consented to all or
<br /> any such actions by Lender.
<br /> 37. DEFEASANCE. Upon the payment and performance in full of all of the Obligations,Lender will execute and deliver to Grantor those documents
<br /> that may be required to release this Deed of Trust of record. Grantor shall be responsible to pay any costs of recordation.
<br /> 38. CONSTRUCTION LOAN. ❑ This Deed of Trust is a construction mortgage under the Uniform Commercial Code, to secure an obligation
<br /> incurred for the construction of an improvement on land,including the acquisition costs of Iand. This Deed of Trust secures a construction loan,and
<br /> it will be subject to the terms of a construction loan agreement between Grantor and Lender. Any materials,equipment or supplies used or intended
<br /> for use in the construction,development,or operation of the Property,whether stored on or off the Property,shall also be subject to the lien of this
<br /> Deed of Trust.
<br /> 39. WAIVER OF HOMESTEAD AND OTHER EXEMPTIONS. Grantor hereby waives all homestead and other exemptions in the Property to which
<br /> Grantor would otherwise be entitled under any applicable law.
<br /> 40. IIMSCELlANEOUS. Grantor and Lender agroa that time is of 4he assence. Grantor waivss prese�tment,demand tor payrr�ent,notice of dishonor
<br /> and protest except as required by Iaw. All references to Grantor in this Deed of Trust shall include all persons signing below, tf there is more than one
<br /> Grantor, their Obligations shall be joint and several. This Deed of Trust represents the complete integrated understanding between Grantor and
<br /> Lender pertaining to the terms and conditions hereof.
<br /> 41. JURY TRIAL WAIVER. LENDER AND GRANTOR HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY CIVIL ACTION ARISING OUT OF,
<br /> OR BASED UPON,THIS DEED OF TRUST.
<br /> 42. ADDITIONAL TERMS:
<br /> TJB:mer
<br /> Grantor acknowledges that Grantor has read,understands,and agrees to the terms and conditions of this Deed of Trust,and acknowledges receipt of
<br /> an exact copy of same.
<br /> Datedthis 9th dayof April, 1998
<br /> GRANTOR: R. k S1111iv8i1 GRANTOR: Rai'HA L. SL111iv8=1
<br /> � �� � �
<br /> R. Mar u an rea L) �uI �n� ���J
<br /> GRANTOR: GRANTOR:
<br /> GRANTOR: GRANTOR:
<br /> GRANTOR: GRANTOR:
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