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<br /> � 1KOR',�GAGE, ASSIGNMENT OF-REt+t`i'S AND SECURITY A�REEMENT � �
<br /> � . . �:: � .
<br /> � MORTGAGE,:, ASSIGN�j'iBNT OF.� R�N'�S� AND SECORITY AGREEMENT
<br /> • � ("Mortqage��j , dated��as.of�� ;- 1989, made by Hi3TCHINSON WIL-
<br /> � RICN MANUFACTtJRING COMP�INY "Mox�tqa�or"}-, a Texas corporation ` .
<br /> having it8 pri.ncipal place of busi;nes�_and ahief executiv� office � �
<br /> at 4645 North Cent�cal��xpresaway, Dallds, Texas 7.5205 as Mortqagor, ,
<br /> � to WASHINGTON SttUAR$ C1�,PITAL, INC. ('�MQrtqaqee���",,; as Mortgagee, a:�'�:" -�1'L � .
<br /> Minnesota corporaticn �vi»g its pr3:ncipal offices at Suite 4�0�,. � : - ��= � .
<br /> 512 Nfcollet Mall, Mint�eapolis,. Minnesota 55440. , . - � �
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<br /> 1. Mortgagor `fs� the owner (i) in fee simple absolute _
<br /> � of the real property described in schedule A heretoR (ii) all of �
<br /> landlord's interests in the Leases (as hereinafter definedj and , ` �
<br /> (fii� .ttie Improvements and Personal Property (each as hereinafter
<br /> dePined) .
<br /> 2. Mortqaqor and Mortqaqee have entesec�. i�� a cer��n
<br /> , Loan and Security Agreement (the "Loan Aqreem�t.°3y : s�3�ed as of �
<br /> August 7, 1987, as amended, pursuant to which Mart��g�: �.as agreed �,:,;
<br /> to make ioans (collectively, "Loans��; each, a "Lc�as+r�j �,�ortqaqor . .�.�::.
<br /> in aqgregate principal amounts no� to exceed at �y ��r� Fourteen � .��;;�,.:t
<br /> Million Dollars (S14,000,000) , upon the terms �±� subject to the � .
<br /> cQndf�farss �et farth in :Che �oan Agrea��nt. T�as I.�a�s are ix� the _
<br /> ';:;::::;•:
<br /> f orr� of a term loan ("Tesm Loan") in the agqrega�e prin��pal amount ..�r}r;�r;.�.
<br /> of Two Mf llfon Fifteen Thousand Dolla�s ($2,015 s 000) evidenced by ',,:��;:'��:
<br /> • a note titled ��Amended and Restated Term Note ('�earm Loan}�� of even �'-`':' �:
<br /> date herewfth, havfng a finai maturity date m8 August i, . ��92 ' � �'�-�
<br /> ("Term Note") a�d a revolving credit loa� (th� �'geval��rz� Credit '`��
<br /> 't',4�_
<br /> � Loan") under whfch advances, payments anc� readvances r�� be made �;.���
<br /> , from time to time fn a principal amount nat to exceed a� any time . �'
<br /> outstanding Twelve Million Dollars (S12,o00,00�� and evidenced by '
<br /> a note titled ��Amended and Restated Revolvinq �oan Note�� of even � ;. '
<br /> da�e herewith, havinq a final maturity date of August 1, 1992, � ;.
<br /> sub ect to annual extensfons as rovided fn the Loan A eement � ����
<br /> i P � . ,�.,:
<br /> , ("Revolving Note") . The Term Note and the Revolving Note ' are � �
<br /> hereinaftor coliectively cailed ��Notes." Each o! the Notes bears ;���*�
<br /> ieterest �c� therefn provided or as provided in the Loan Agreement. � r� :"� �
<br /> � . . . � 3. Thfs Mortgage is being given by Mortgaqor to secure �
<br /> (i) payment by Mortgagor of all principal, interes� and other sums
<br /> duo or ko become due fa respect of the Loans fncludf.ng but not
<br /> _ - . - .. . - - ..limitad--.to--future . advances as...hereafter pr.ovided.. in. para�xaph..4. . . . .. ... .. . ...
<br /> • • below; �if� the payment of any further or subsequent advances made ,
<br /> � to pxeserva the lien of this Mortgage; and (fii) performance of
<br /> all of the.term�., cove�ants, conditians, aqreements and liabili�ies
<br /> eontainad in �hfs Mortgaqe and the �Lean Documents (as herefnafter
<br /> dQfined in Se�tion 3.1) . All of the foreqoing payme�t anA �
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