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201901347 This Deed of Trust shall secure (a) the payment of the all amounts due to the Beneficiary arising out of and evidenced by a Promissory Note dated of even date herewith, in the aggregate principal amount of $365,000.00 and any and all modifications, extensions and renewals thereof or thereto and any and all future advances and readvances to Trustor hereunder pursuant to the terms of the Promissory; (b) the payment of other sums advanced by Beneficiary to protect the security of this Deed of Trust; (c) the performance of all covenants and agreements of Trustor set forth herein or in the Promissory Note; and (d) all present and future indebtedness and obligations of Trustor to Beneficiary whether direct, indirect, absolute or contingent and whether arising by note, guaranty, indemnification for hazardous materials, overdraft or otherwise (the foregoing all collectively referred to as "Obligations"). The Promissory Note, this Deed of Trust, and any and all other documents that secure the Obligations or otherwise executed in connection therewith, including without limitation guarantees, security agreements and assignments of leases and rents, and loan agreements (the "Security Documents). due. Trustor covenants and agrees with Beneficiary as follows: 1. Payment of Indebtedness. All indebtedness secured hereby shall be paid when 2. Title. Trustor is the owner of the real estate and all buildings and improvements of any kind and nature now or hereafter placed upon said Property and has the right and authority to convey Trustor's right, title and interest in and to the Property and the buildings and improvements thereon, and warrants that the lien created hereby is a first lien on the Property, and that the execution and delivery of this Deed of Trust does not violate any contract or other obligation to which Trustor is subject. 3. Taxes and Assessments. To pay before delinquency all taxes, special assessments and all other charges against the Property now or hereafter levied. 4. Insurance. To keep the Property insured against damage by fire, hazards included within the term "extended coverage," and such other hazards as Beneficiary may require, in amounts and with companies acceptable to Beneficiary, naming Beneficiary as an additional named insured, with loss payable to the Beneficiary. In furtherance of Trustor's obligation to keep the Property insured, Beneficiary shall be furnished an all-risk insurance policy on the Property, with satisfactory co-insurance. At Beneficiary's discretion, and upon Beneficiary's request, Beneficiary shall be provided coverage for comprehensive general liability, umbrella coverage and flood insurance. In no case shall the insured values be less than the total of all of the outstanding loans on the Property. In case of loss under such policies, the Beneficiary is authorized to adjust, collect, and compromise all claims thereunder and shall have the option of applying all or part of the insurance proceeds (i) to any indebtedness secured hereby and in such order as Beneficiary may determine, (ii) to the Trust to be used for the repair or restoration of the Property, or (iii) for any other purpose or object satisfactory to Beneficiary without affecting the lien of this Deed of Trust for the full amount secured hereby before such payment ever took place. Any application of proceeds to indebtedness shall not extend or postpone the due date of any payments under the Note, or cure any default thereunder or hereunder. Insurance shall be prepaid at least three (3) months in advance and a certificate of Page 3 of 10