..-�,.., .-.� �,
<br /> � .. - �»...- -_�'. :�:.-
<br /> . , � , -._,,� � . .�.�=�:.::��„
<br /> .at� - „ �J � , wY;.,�j� ..�.:.��,-..__.�____r,.
<br /> �.... �.i.��.:: .;�,ii�'%`:�r,11!J�R����� ���;.�'z�:i�.a.�t:_ni..-�-:�'__—_—
<br /> .,.L:_=J.�_'-_ _ '_� -— ' _
<br /> .:�W' .,-. —�— '� __'__' _
<br /> �_�_---
<br />�.'..._,...�. • '_ r„:-•__..e:.'..:_;..__�,r.�r�R�.-�'---- _._-- .__. .
<br />-.- ��� ... ,.�._...-. �
<br />,,�+��-��
<br />.:-��-1°e"ni._�� —
<br /> � ��_ 1000so
<br />-- _��
<br />_���-���
<br /> -__:�.��. any and all awards made Por the ta�Cing of eminent domain, or by any
<br /> �;;�� pr�ceeding or purchase in lieu thereof, of the whole or any part of
<br /> =;���� the Property and Improvements, including withaut limitation any
<br /> ---- nwmrde resulting from a change of qrade of streets and awards fox
<br /> _ _-;���,�� severance damages.
<br /> ` � TO HAVE AND TO HOLD all oF Grantor's interest in the Fee
<br /> --��""�� Parcel and the Leasehold Parcel pursuant to the Ground Lease fn the
<br /> k-�� aforesaid Property, Personal Property, Improvements, Rents,
<br /> ��' �� property rights, coritract rights and claim� (all of which are -
<br /> _::����� collective].y referred to herein as the "Premises") to the use,
<br /> - -- — benefit and behoot of Trustee, forever, in FEE SIMPLE in trus�.
<br /> --��
<br /> `�'� Grantor warrants that Grantor has good title to the Premises,
<br /> '�� is lawfully seized and possessed of the Premi.ses and every part
<br /> =�-`�'� ther�of, and has the right to convey same; that the Premises are
<br /> =°`-�"�" unencumbered except as to the matters which are listed and
<br /> _—�_� described in Exhibit "H" attached hereto and by reference made a
<br />;�;;.����� part hereof; and Gra.*.�tor will forever warrant and defend �he title
<br /> -"'� to the Premises unto Trustee against the claims of all persons
<br />���+._ whomsoever. Grantor warrants to Ber�eficiary that the Premises nor
<br />-:�r.il�_i•. _ ,.
<br /> _ any part thereof oonstitutes the homestead of �rantor.
<br /> ��^��� THTS CONVEYANCE IS MA�AE UPON THIS SPECIAL TRU�T, that:
<br /> �� a. If Grantor shall pay the indebtedn�ss, with interest
<br /> ����-�_�_'� thereon, eviden�ced by the Note in thp original face princip�.l
<br />=i'�?� amount of FIVE MILLION ONE HUNARED TFIOUSAND AND NO/100THS DOLLARS
<br />-�. ��
<br /> ,�,�;�. ($5,100,000.00) which has been exeauted by Grantor, delivered o
<br /> -, and is Fidynui� to �;:� orde: QP genef i e-i ary and which by thYs
<br /> '�""� reference is hereby made a part hereof, and any and a11
<br /> _--- modifications, extensions, reTZewals thereof;
<br /> � -� b. If Grantor shall pay all sums advanced by Trustee or
<br /> _.__--- Beneficiary to protect th� Premises, with i.n�erest thereon at the
<br /> � rate provided in the Note;
<br /> ���� c. If Grantor shall perform each and every covenant,
<br /> ` �' obli.gation and undertaking of Grantor in this Deed and in tha;
<br /> -- certain Ass�.gnment of Rents and Leases (the "Assignment of Rents"
<br /> � from Grantor ta Beneficiary with respect to ttie Premises; and
<br /> ..-.�:��~.��+ d. If Gr.antor sha11 perform all obligations of Grantor
<br /> .-��� under any loan and security agreement (the "�,oan Agreement") by and
<br /> � between Grantor, Beneficiary and other �hird parties.
<br /> -,��':;�.'
<br /> �::_�'�,
<br /> ; �.. (all of the foregoing being collectively referred to herein as the
<br /> '��.:;� �'Secured Indebtedness") then this conveyance shall be nul l and void
<br /> = and may be cancelled of record at the request and at the cost of
<br /> - --�-'�' Grantor. ,
<br />=3�=•:
<br /> _-��':{-,�'. This Deed, the Note, the Assignment of Rents and �,eases, the
<br /> � : Loan Agreement, and all other instruments g iven to evidence or
<br /> ~'..f '� further secure the payment and performance of any obligation
<br /> � � ' , secured hereby may her�after be collectiv�ly referred to as the
<br /> "Loan Instruments".
<br /> ;`• TO PROTECT TH� SECURITY OF THIS DEED, GRANTOR HEREBY COVENANTS __
<br /> ,�� AND AGREES UNTO BENEFICIARY AS FOLLOWS: e4
<br /> i ART]:CLE I. _.
<br /> � COVENANTS AND AGREEMENTS OF GRANTOR _
<br /> E
<br /> 1.1 Paxment of Secured Indebtedness. To pay wnPn due zne =
<br /> Securc�d Indebtedness with interest thereon as pr�ovided in the Note
<br /> and this Deed.
<br /> i �..-
<br /> -3-
<br /> i
<br /> ;
<br /> �-
<br /> i __
<br />
|