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201502075
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4/14/2015 12:08:16 PM
Creation date
4/3/2015 4:18:23 PM
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DEEDS
Inst Number
201502075
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performance by tenants, lessees or licensees, as applicable, of their obligations <br />thereunder. <br />(f) all building materials and supplies now or hereafter placed on the <br />Property or in the Improvements; <br />(g) all proceeds of the conversion, voluntary or involuntary, of any of <br />the foregoing into cash or liquidated claims, including, without limitation, <br />proceeds of insurance and condemnation awards; and <br />(h) all other greater rights and interests of every nature in the Property <br />and the improvements and in the possession or use thereof and income therefrom, <br />whether now owned or subsequently acquired by Trustor. <br />The Property, Improvements and Personal Property are collectively referred to herein as the <br />"Mortgaged Property." <br />PROVIDED, HOWEVER, that these presents are upon the condition that, if the <br />obligations secured hereby shall be paid when due, and if the Trustor shall keep, perform and <br />observe all and singular the obligations, covenants, agreements and provisions in this Deed of <br />Trust expressed to be kept, performed by and observed by or on the part of the Trustor, then the <br />Trustee, its successors and assigns, shall reconvey and release the Mortgaged Property. <br />THIS DEED OF TRUST SHALL SECURE THE FOLLOWING INDEBTEDNESS <br />AND OBLIGATIONS: <br />(i) Payment of indebtedness evidenced by that certain Promissory Note dated <br />of even date herewith (the "Promissory Note "), executed by Trustor in favor of <br />Beneficiary in the principal amount of $12,500,000.00, bearing interest and being <br />payable as provided therein, according to its terms, and all extensions, renewals and <br />modifications thereof, presently scheduled to mature on March 31, 2019; <br />(ii) Payment of all other indebtedness and performance of all obligations and <br />covenants of Trustor under each of the "Loan Documents," as hereinafter defined; and <br />(iii) Payment of all of the principal of and interest on any future advances <br />under the Loan Documents and all sums advanced by Beneficiary to protect the <br />Mortgaged Property, with interest thereon at the Default Rate provided by the Promissory <br />Note from the date of advance by Beneficiary to the date of payment by Trustor. <br />The indebtedness and the obligations secured by this Deed of Trust which are described <br />in (i) through (iii) above may be referred to herein as the "Secured Obligations." <br />The indebtedness secured hereby is further evidenced and secured by the following <br />documents, executed by Trustor, dated of even date herewith, which, with this Deed of Trust, the <br />Promissory Note and any amendments or supplements thereto or modifications thereof are <br />hereinafter referred to collectively as the "Loan Documents ": <br />3 <br />201502075 <br />
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