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2� 17��735 : I1and shal��ave the nzeanir�g speczfied in �ectian 2.��. � Ilenders sha��have the meaning specified in the Itiitial �redit Agreemer�t. L�en shall mean any�tatutory ar camrnan Ia�w c��.sensua� or nan-cansensua� conveyance, pledge, grant� securit�, t�t�e �r interest, lien, encurnbrance or charge of any kind agair��t prnperty, lI1C�L�C�1rl�, �Ilt�l�Ut �1�11It�.tl��l., a�l� C4�1C�1t1��lal 5�.1� �r Qt�7.�� lt1e rete�ltl�n tr�.IlSaCt1��1, aI1CC� ari� Iease transa�t�o�.in the nature of a security interest. []bl�gation� shall mean al� indebtedness and other �bligat�ons of the Grantor t� the Benefcia�y a�d the Lenders �f every type ar�d description, vvh�t�er novv e��st�ng ar hereafter aris�ng, f�xed or con�inge�.t, as primary obligor or as guarantor or surety, acquired directly nr by ass�gnment or other�vise, ��quidat�d or unliquidated, regardless �f how they arise or b� �vhat a�reerne�t �r �nstrument they may be �videnced, and al� cover�ants, agr�ements and pro�isior�s contained �n this Deed af Trust and ir�any of t�e�redit Agreements. P�rmitted �ncumbrances shal� �nean those er�cumbrances perm�tted under the policy of B�nefic�ary's title insura�.ce �ssu�d to Beneficiar� �n conr�ection with this Deed �f Trust and the Perm�tt�d L�ens [as defined in the Init�a� Cr�dit Agreen�.ent}. Patent�a�Event of Defau�t shall mean the occurre�.ce �f any everzt w�ic��vith the g�v�ng a�'�atice andlor t�e passage of t�me and�or the occurrence ❑f any nther cor�dit�on �rou�d riper� into a�z�vent of Default. Trust Estate sha�i have the mear��ng specif�ed ��. Sectior�2.0 1. ARTI�I1E II. GRANTIN G CLATJS�S Se�t�on Z.U1. �ranting �Iauses. In arder to secure (a�the repayment of the �b�igations,�vhether such �bl�gations are made pursuant ta a c�mrnitmerit,made at the optin�of the B�n�ficxary or the Lenders, rr�ade after a reduction to zero or �ther ba�ance, or made otherwise, and �b�the perforrn.ance of a11 �f the co�enants and agreemer�ts �f the �rantor ca�tained in the �r�dxt Agr�ernents, this I]eed of Trust, ar any ot�.er dacume�.t ev�de�c�ng or securing th� �bl�gat�ons, the Gra�.tar, in ca�.sideration of the premises, does hereby grant, barga�n, sel�, alienate, co�vey, ass�gr�, transfer, mor�gage, hypothecate, pledge, se� over and ?� con�rm unta the Trustee, in trust, vvith power nf sa�e, for the benefit of t�ie Benef�ciary, and �ts respect�ve assigns, and gran�s ta the Beneficiary a secur�t� interes� ir�th� f�l�ovvir�g �al� of�rh�ch ar�hereinafter collective�y called the"Trust Estate"�: Al� r�ght, title ar�d ir�t�rest of the �rantor in and to those fee and leaseho�d estates in real property described in E�hibit A hereto (hereinaf�er ca�led t�Ze "Land"�, together v�ith al1 of �ts