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<br />(e) All Policies (as defined herein) and the proceeds thereof and any unearned
<br />premiums on any insurance policies covering the Trust Property, including, without limitation,
<br />the right to receive and apply the proceeds of any insurance, judgments, or settlements made in
<br />lieu thereof, for damage to the Trust Property;
<br />(f) All utility deposits made to procure or maintain utility services to the Premises or
<br />the Improvements and any money, cash, negotiable instruments, documents of title, securities,
<br />deposit accounts or other cash equivalents, including interest or income earned thereon held by
<br />Beneficiary or Trustee under or in accordance with this Deed of Trust;
<br />(g) Any amounts in any escrow fund for the purposes of payment of taxes, insurance
<br />premiums or other Impositions in connection with the Trust Property;
<br />(h) The right, in the name and on behalf of Trustor, to appear in and defend any
<br />action or proceeding brought with respect to the Trust Property and to commence any action or
<br />proceeding to protect the interest of Trustee and Beneficiary in the Trust Property; and
<br />(i) The products and proceeds of the property described in the above (a) through (h)
<br />inclusive.
<br />TO HAVE AND TO HOLD the Trust Property upon and subject to the trusts and
<br />agreements hereinafter set forth:
<br />1. Secured Indebtedness. Without limiting the generality of the foregoing, this Deed
<br />of Trust is made for the purpose of securing the payment and performance of the following
<br />obligations, indebtedness, and liabilities: (a) all of the indebtedness, obligations and liabilities of
<br />Gordon F. Glade pursuant to that certain Promissory Note from Gordon F. Glade to Sarah
<br />Glade dated on or about January 28, 2009, payable to the order of Sarah Glade, in the principal
<br />amount of FIVE HUNDRED THOUSAND AND 00/100 ($500,000.00), with interest, according to
<br />the terms thereof, and any other note given in substitution therefore or in modification, renewal,
<br />or extension thereof, in whole or in part (such note and all other notes given in substitution
<br />therefore or in modification, renewal, or extension thereof, in whole or in part, being hereinafter
<br />collectively called the "Sarah Glade Note "); (b) all of the indebtedness, obligations and
<br />liabilities of Gordon F. Glade pursuant to that certain Promissory Note from Gordon F. Glade to
<br />Carolyn Glade dated on or about January 28, 2009, payable to the order of Carolyn Glade, in
<br />the principal amount of FIVE HUNDRED THOUSAND AND 00/100 ($500,000.00), with interest,
<br />according to the terms thereof, and any other note given in substitution therefore or in
<br />modification, renewal, or extension thereof, in whole or in part (such note and all other notes
<br />given in substitution therefore or in modification, renewal, or extension thereof, in whole or in
<br />part, being hereinafter collectively called the "Carolyn Glade Note "; the Sarah Glade Note and
<br />the Carolyn Glade are hereinafter individually referred to as the "Note "); and (c) all indebted-
<br />ness, liabilities, and obligations now or hereafter incurred or arising pursuant to the provisions of
<br />this Deed of Trust or any other instrument now or hereafter evidencing, securing and /or
<br />guarantying the above - described indebtedness or any part thereof.
<br />Collectively the indebtedness, obligations, and liabilities referred to herein are
<br />hereinafter sometimes called the "Debt."
<br />This Deed of Trust is made in consideration of Beneficiary's making the underlying loan
<br />to Trustor, and as an inducement to Beneficiary to make such loan.
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