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200306623
<br />(A) That certain real property, more particularly described in Exhibit A
<br />attached hereto and incorporated herein by this reference, together with all of the easements,
<br />rights, privileges, franchises and appurtenances thereunto belonging or in any wise
<br />appertaining, and all structures and buildings and leasehold improvements now or at any time
<br />hereafter located therein, and all of the estate, right, title, interest, claim and demand
<br />whatsoever of each Trustor therein or thereto, either at law or in equity, in possession or in
<br />expectancy, now or hereafter acquired (hereinafter such real property shall be referred to as
<br />the "Premises ");
<br />(B) All equipment, apparatus, machinery, fixtures, fittings, vehicles, tools,
<br />rolling stock and appliances and any additions to, substitutions for, changes in or
<br />replacement of the whole or any part thereof, now or at any time hereafter affixed to,
<br />attached to, placed upon or used in any way in connection with the use, enjoyment,
<br />occupancy or operation of the Premises or any portion thereof (the "Equipment");
<br />(C) All of the rents, royalties, issues, profits, revenue, income, proceeds
<br />and other benefits of the Property (the "Rents and Profits ") including each Trustor's interest
<br />in the Premises as described in paragraph (A) above, or arising from the use or enjoyment of
<br />all or any portion thereof or from any lease or agreement pertaining thereto, and all right, title
<br />and interest of each Trustor in and to all leases of the Property, including all or any portion of
<br />the real estate described in Exhibit A, now or hereafter entered into, and all right, title and
<br />interest of each Trustor thereunder, including, without limitation, cash or securities deposited
<br />thereunder to secure performance by the lessees of their obligations thereunder, whether said
<br />cash or securities are to be held until the expiration of the terms of said leases or applied to
<br />one or more of the installments of rent coming due immediately prior to the expiration of the
<br />terms of said leases or applied to one or more of the installments of rent coming due
<br />immediately prior to the expiration of said terms; subject to, however, the provisions
<br />contained in Section 1.6 hereof;
<br />(D) All proceeds (including claims and demands therefor) of the
<br />conversion, voluntary or involuntary, of any of the foregoing Property into cash or liquidated
<br />claims, including, without limitation, proceeds of insurance and condemnation awards on the
<br />Premises (hereinafter sometimes called "Insurance Proceeds" and "Condemnation
<br />Proceeds "); and
<br />(E) All rights, title and interest of each Trustor in any and all building
<br />permits, revocable license permits (including insurance and bonds), any and other permits,
<br />licenses or authorization required by the governmental authorities having or exercising
<br />jurisdiction over the Premises, Equipment or such Trustor (hereinafter collectively referred to
<br />as "Permits, Licenses, Approvals and Agreements ").
<br />FOR THE PURPOSE OF SECURING, in such order of priority as
<br />Beneficiary, in its sole discretion, may elect:
<br />(1) Due, prompt and complete observance, performance and discharge of
<br />each and every payment, obligation, covenant and agreement contained in the Credit
<br />Deed of Trust ,2_
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