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200109058 Revised 12114199 or his successors in said trust, shall receive the proceeds of said sale, out of which he shall pay in the following order: costs and expenses of executing the trust created and evidenced hereby; all monies with interest thereon as herein provided, which may have been expended under the terms of this deed of trust by any owner or legal holder of the Note; any past due and accrued, unpaid interest on said Note; the unpaid principal of said Note; and the remainder of such proceeds of sale, if any, to Grantor or to those lawfully entitled to receive any such remainder. The covenant of the Borrower to pay principal and interest is included in the Note secured hereby for the purpose of establishing and continuing the existence of the indebtedness. However, it is a condition of said covenant and those contained herein that in the event of default under the terms of the Note or this deed of trust, Beneficiary shall take no action against the Grantor, any partner of Grantor, its successors or assigns, personally and shall look solely to the Property and revenues and receipts derived therefrom for satisfaction of the indebtedness secured hereby, and Grantor, its partners, successors or assigns assume no personal liability for said indebtedness. Whenever the terms "Grantor," "Beneficiary" or "Trustee" are used in this deed of trust, such terms shall be deemed to include the successors and assigns of said parties. All rights and powers herein granted to the Trustee and Beneficiary shall inure to and include their respective successors and assigns, and all obligations herein imposed on Grantor shall extend to and include Grantor's successors and assigns. IN WITNESS WHEREOF, Grantor has caused this instrument to be executed and sealed as of the day and year first above written. "GRANTOR" PEDCOR INVESTMENTS- 1999 -XL, L.P. By: Pedcor General, L.P., Its General Partner By: Pedcor General Corporation, Its General Partner J. Stoffregen fve Vice President M:IMSIGrand Is1and lLega1UuniorDeed0flrust.doc 5