201302973
<br />It is understood and agreed between Trustor(s) and Beneficiary that this Trust Deed is given to secure the
<br />repayments in full of the following described obligations, regardless of whether Mortgagor(s) is(are) liable
<br />thereon, and all future and additional loans or advances, protective or otherwise, which may be made by
<br />Beneficiary, at its option, at the request of, and to or for the account of Trustor(s), the parties liable under
<br />the note(s) or credit agreement(s), or any of them, for any purpose, plus interest thereon, all payable
<br />according to the terms of the note(s), credit agreement(s), or other instrument(s) modifying the same.
<br />Date of Note(s) or Credit Agreements) Principal Amount
<br />April 11, 2013 $9,000,000.00
<br />Provided, however, that the total principal indebtedness outstanding and secured hereby at any one time
<br />will not exceed the sum of NINE MILLION AND 00/100 DOLLARS ($9,000,000.00), exclusive of interest
<br />and protective advances authorized herein or in the loan agreement(s); provided further, that THIS
<br />PARAGRAPH SHALL NOT CONSTITUTE A COMMITMENT TO MAKE FURTHER OR ADDITIONAL
<br />ADVANCES IN ANY AMOUNT AT ANY TIME, WHETHER OR NOT THE TOTAL PRINCIPAL
<br />INDEBTEDNESS ABOVE HAS BEEN ADVANCED.
<br />This Trust Deed will be due March 1, 2033.
<br />Trustor(s) hereby warrants that Trustor(s) holds fee simple title to the above described property, that
<br />Trustor(s) has good and lawful authority to deed and encumber the same, that the property is free and
<br />clear of all liens and encumbrances, except encumbrances of record, and that Trustor(s) will warrant and
<br />defend the property, at Trustor(s) expense, against all claimants whomsoever. Trustor(s) also hereby
<br />waives and relinquishes all rights of dower, homestead, distributive share, and exemption in and to the
<br />above described property.
<br />Trustor(s) and each of them further covenants and agrees with, or certifies to, Beneficiary as
<br />follows:
<br />1. To pay all liens, judgments, or other assessments against the property, and to pay when due all
<br />assessments, taxes, rents, fees, or charges upon the property or under any lease permit, license, or
<br />privilege assigned to Beneficiary as additional security to this Trust Deed, including those in or on public
<br />domain.
<br />2. To insure and keep insured buildings and other improvements including fixtures and attachments now
<br />on or hereafter placed on the property to the satisfaction of Beneficiary. Such insurance will be endorsed
<br />with a loss payable clause to Beneficiary. On demand Trustor �nnll fumish said policies or proof of
<br />insurance to Beneficiary. Any sums so received by Beneficiary may be used to pay for reconstruction of
<br />the destroyed improvements or if not so applied may be applied at the option of Beneficiary, in payment of
<br />any indebtedness matured or unmatured secured by this Trust heed. Such insurance will be in an amount
<br />at least equal to the lesser of the loan balance, the actual cash value of the collateral, or the replacement
<br />cost of the property, and will at a minimum, cover losses caused by fire, lightning, explosion, riot, aircraft,
<br />vehicles, vandalism, civil commotion, smoke, windstorm, and hail. Trustor(s) will obtain and keep flood
<br />insurance in force to cover losses by flood as required by Beneficiary and by the National Flood Insurance
<br />Act of 1968, as amended, and by regulations implementing the same. Trustor(s) further agree that
<br />Beneficiary is not and will not be liable for any failure by Trustor(s) or by any insurer, for whatever reason,
<br />to obtain and keep this insurance in force.
<br />3. To keep all buildings, fixtures, attachments, and other improvements now on or hereafter placed on the
<br />property occupied and in good repair, maintenance, and condition and to neither commit nor permit any
<br />acts of waste or any impairment of the value of the property. Beneficiary may enter upon the property to
<br />inspect the same or to perform any acts authorized herein or in the credit agreement(s).
<br />4. In the event Trustor(s) fails to pay any liens, judgments, assessments, taxes, rents, fees, or charges or
<br />maintain any insurance on the proper, buildings, fixtures, attachments, or improvements as provided
<br />herein or in the loan agreement(s), eneficiary, at its option, may make such payments or provide
<br />insurance, maintenance, or repairs and any amounts paid therefor will become part of the principal
<br />indebtedness secured hereby be immediately due and payable and bear interest at the default rate
<br />provided in the note(s) or credit agreement(s) from the date of payment until paid. The advancement by
<br />Beneficiary of any such amounts will in no manner limit the right of Beneficiary to declare Trustor(s) in
<br />default or exercise any of Beneficiary's other rights and remedies.
<br />5. In the event Beneficiary is a party to any litigation affecting the property or the lien of this Trust Deed,
<br />including any action by Beneficiary to enforce this Trust Deed or any suit in which Beneficiary is named a
<br />defendant (including condemnation and bankruptcy proceedings) Beneficiary may incur expenses and
<br />advance payments for abstract fees, attorneys fees (to the extent allowed by law), costs, expenses,
<br />appraisal fees, and other charges and any amounts so advanced will become part of the principal
<br />indebtedness secured hereby, be immediately due and payable and bear interest at the default rate
<br />provided in the note(s) or credit agreement(s) from the date of advance until paid.
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