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<br />$750,000.00 (the "Note ") and (B) all other indebtedness, liabilities and obligations of Trustor to
<br />Beneficiary arising pursuant to any of the Loan Documents, whether now existing or hereafter arising,
<br />whether direct, indirect, related, unrelated, fixed, contingent, liquidated, unliquidated, joint, several, or
<br />joint and several;
<br />(2) all obligations of Trustor under this deed of trust;
<br />(3) all interest and any disbursements made for the payment of taxes, levies, or insurance on the Property,
<br />and the repair, maintenance or improvements of the Property pursuant to the Loan Documents, and all
<br />other protective advances, with interest on those disbursements;
<br />(4) all future advances and other obligations that Trustor or any successor in ownership of all or part of the
<br />Property may agree to pay and /or perform (whether as principal, surety or guarantor) for the benefit of
<br />Beneficiary, when a writing evidences the parties' agreement that the advance or obligation be secured
<br />by this deed of trust;
<br />(5) all modifications, amendments, extensions, and renewals, however evidenced, of any of the Secured
<br />Obligations; and
<br />(6) any of the foregoing that arises after the filing of a petition by or against Trustor under an Insolvency
<br />Proceeding.
<br />4.02 Future Secured Obligations. The Secured Obligations include future advances made by
<br />Beneficiary for any purpose, and all other future Secured Obligations. Those future advances and other future
<br />Secured Obligations, together with interest thereon, are secured by this deed of trust to the same extent as if
<br />made or incurred on the date of the execution of this deed of trust, and have priority as to third persons with or
<br />without actual notice from the time this deed of trust is filed for record as provided by law. The total amount of
<br />indebtedness secured by this deed of trust may decrease or increase from time to time. Trustor shall not file of
<br />record or serve Beneficiary with any notice limiting the maximum amount secured by this deed of trust to any
<br />amount (a "Maximum Amount Notice "). Nothing in this Section 4.02 will constitute a commitment to make
<br />additional or future advances in any amount.
<br />4.03 Maturity Date. The scheduled maturity date of the Note is January 5, 2035.
<br />4.04 Notice of Terms of Secured Obligation Documents. All persons who have or acquire an interest
<br />in the Property will be deemed to have received notice of, and will be bound by, the terms of the Loan Agreement,
<br />the other Loan Documents, and each other agreement or instrument made or entered into in connection with
<br />each of the Secured Obligations (the Loan Agreement, the Loan Documents and those other agreements or
<br />instruments, the "Secured Obligation Documents "). These terms include any provisions in the Secured Obligation
<br />Documents which may permit or provide that the rate of interest on one or more of the Secured Obligations may
<br />vary from time to time.
<br />4.05 Unsecured Obligations. This deed of trust does not secure any indebtedness, liability or
<br />obligation that is expressly stated to be unsecured.
<br />ARTICLE 5 — WARRANTY OF TITLE
<br />5.01 Warranty of Title. Trustor represents and warrants that, other than the exceptions to title
<br />expressly listed on a schedule of exceptions to coverage in the final commitment for title insurance or pro forma
<br />policy of title insurance accepted by Beneficiary prior to the Closing (the Permitted Exceptions"), Trustor lawfully
<br />possesses and holds fee simple title to all of the Land and Improvements; that Trustor has the right, power and
<br />authority to mortgage, grant, convey and assign the Property; and that the Property is unencumbered. Trustor
<br />especially agrees and declares that the separate estate of each of them, whether vested, contingent or in
<br />expectancy, is hereby conveyed and shall be bound for the payment and performance of the Secured Obligations.
<br />Willoughby
<br />Deed of Trust, Assignment of Rents, Security Agreement, and Fixture Filing
<br />Loan no. 197694
<br />201503758
<br />Rev. 1.7.2015
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