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202300986 Section 2.4 Release of Deed of Trust and Termination of Assignments and Financing Statements. On satisfaction of all of Grantor's Obligations, and on written request of Lender stating that all sums secured hereby have been fully and finally paid, and on surrender of this Deed of Trust to Trustee for cancellation, Trustee shall reconvey to Grantor or the person or persons legally entitled thereto, without warranty, any portion of the Property then held hereunder. The recitals in any such reconveyance of any matters or facts shall be conclusive proof of the truthfulness thereof. Section 2.5 Future Advances. This Deed of Trust is given for the purpose of securing the Loan and the other Obligations and other extensions of credit given and protective advances made by Lender under this Deed of Trust, the Loan Agreement, or any other Loan Document. The parties intend that this Deed of Trust shall secure all Obligations and indebtedness Grantor or Guarantor owes to Lender, whether now existing or hereafter accrued, made or extended. All such future advances will have the same priority as the original advance. Article III Representations and Warranties. Grantor makes the following representations and warranties to Lender: Section 3.1 Title to Real Property. Grantor has good, indefeasible, marketable, and insurable fee simple absolute title to the Property, and has the right to mortgage, grant, bargain, sell, pledge, assign, warrant, transfer, and convey the same. Borrower's title is unencumbered except for the Permitted Encumbrances. This Deed of Trust, when properly recorded in the appropriate records, together with any Uniform Commercial Code financing statements required to be filed in connection therewith, will create (a) a valid, perfected first priority Lien on the Property, subject only to Permitted Encumbrances and (b) perfected security interests in and to, and perfected collateral assignments of, all Personalty, all in accordance with the terms thereof, in each case subject only to any applicable Permitted Encumbrances. Grantor shall forever warrant, defend, and preserve the title and the validity and priority of the lien of this Deed of Trust and shall forever warrant and defend the same to Lender against the claims of all Persons whomsoever. Section 3.2 Title to Other Property. Grantor has good title to the Personalty, and the Personalty is not subject to any Encumbrance other than the Permitted Encumbrances. Section 3.3 Property Assessments. The Real Property is assessed for purposes of Property Assessments as a separate and distinct parcel from any other property, such that the Real Property shall never become subject to the Lien of any Property Assessments levied or assessed against any property other than the Real Property. Upon request of Lender, Grantor will deposit with Lender to hold in escrow amounts required by Lender to pay Property Assessments and insurance. 11