PAGE 1 HEREOF.
COVENANTS RUNNING WITH THE LAND. ALL OBLIGATIONS CONTAINED IN THIS DEED OF TRUST
AND THE OTHER LOAN DOCUMENTS ARE INTENDED BY GRANTOR, BENEFICIARY, AND TRUSTEE
TO BE, AND SHALL BE CONSTRUED AS, COVENANTS RUNNING WITH THE MORTGAGED PROPERTY
UNTIL THE LIEN OF THIS DEED OF TRUST HAS BEEN FULLY RELEASED BY BENEFICIARY.
SUCCESSORS AND ASSIGNS. ALL OF THE TERMS OF THE LOAN DOCUMENTS SHALL APPLY TO,
BE BINDING UPON, AND INURE TO THE BENEFIT OF THE PARTIES THERETO, THEIR
SUCCESSORS, ASSIGNS, HEIRS, AND LEGAL REPRESENTATIVES, AND ALL OTHER PERSONS
CLAIMING BY, THROUGH, OR UNDER THEM.
NO WAIVER; SEVERABILITY. ANY FAILURE BY TRUSTEE OR BENEFICIARY TO INSIST, OR ANY
ELECTION BY TRUSTEE OR BENEFICIARY NOT TO INSIST, UPON STRICT PERFORMANCE BY
GRANTOR OR OTHERS OF ANY OF THE TERMS, PROVISIONS, OR CONDITIONS OF THE LOAN
DOCUMENTS SHALL NOT BE DEEMED TO BE A WAIVER OF SAME OR OF ANY OTHER TERMS,
PROVISIONS, OR CONDITIONS THEREOF, AND TRUSTEE OR BENEFICIARY SHALL HAVE THE
RIGHT AT ANY TIME OR TIMES THEREAFTER TO INSIST UPON STRICT PERFORMANCE BY
GRANTOR OR OTHERS OF ANY AND ALL OF SUCH TERMS, PROVISIONS, AND CONDITIONS. THE
LOAN DOCUMENTS ARE INTENDED TO BE PERFORMED IN ACCORDANCE WITH, AND ONLY TO THE
EXTENT PERMITTED BY, ALL APPLICABLE LEGAL REQUIREMENTS. IF ANY PROVISION OF ANY
OF THE LOAN DOCUMENTS OR THE APPLICATION THEREOF TO ANY PERSON OR CIRCUMSTANCE
SHALL, FOR ANY REASON AND TO ANY EXTENT, BE INVALID OR UNENFORCEABLE, THEN
NEITHER THE REMAINDER OF THE INSTRUMENT IN WHICH SUCH PROVISION IS CONTAINED NOR
THE APPLICATION OF SUCH PROVISION TO OTHER PERSONS OR CIRCUMSTANCES NOR THE
OTHER INSTRUMENTS REFERRED TO HEREIN SHALL BE AFFECTED THEREBY, BUT RATHER SHALL
BE ENFORCED TO THE GREATEST EXTENT PERMITTED BY LAW.
Deed of Trust - Page 27
COUNTERPARTS. TO FACILITATE EXECUTION, THIS DEED OF TRUST MAY BE EXECUTED IN AS
MANY COUNTERPARTS AS MAY BE CONVENIENT OR REQUIRED. IT SHALL NOT BE NECESSARY
THAT THE SIGNATURE AND ACKNOWLEDGMENT OF, OR ON BEHALF OF, EACH PARTY, OR THAT
THE SIGNATURE AND ACKNOWLEDGMENT OF ALL PERSONS REQUIRED TO BIND ANY PARTY,
APPEAR ON EACH COUNTERPART. ALL COUNTERPARTS SHALL COLLECTIVELY CONSTITUTE A
SINGLE INSTRUMENT. IT SHALL NOT BE NECESSARY IN MAKING PROOF OF THIS DEED OF
TRUST TO PRODUCE OR ACCOUNT FOR MORE THAN A SINGLE COUNTERPART CONTAINING THE
RESPECTIVE SIGNATURES AND ACKNOWLEDGMENT OF, OR ON BEHALF OF, EACH OF THE
PARTIES HERETO. ANY SIGNATURE AND ACKNOWLEDGMENT PAGE TO ANY COUNTERPART MAY BE
DETACHED FROM SUCH COUNTERPART WITHOUT IMPAIRING THE LEGAL EFFECT OF THE
SIGNATURES AND ACKNOWLEDGMENTS THEREON AND THEREAFTER ATTACHED TO ANOTHER
COUNTERPART IDENTICAL THERETO EXCEPT HAVING ATTACHED TO IT ADDITIONAL SIGNATURE
AND ACKNOWLEDGMENT PAGES.
GOVERNING LAW. THIS DEED OF TRUST IS EXECUTED AND DELIVERED AS AN INCIDENT TO A
LENDING TRANSACTION NEGOTIATED AND CONSUMMATED IN DALLAS COUNTY, TEXAS, AND
SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
TEXAS.
CONTROLLING AGREEMENT. IN THE EVENT OF ANY CONFLICT BETWEEN THE PROVISIONS OF
THIS DEED OF TRUST AND