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200602198 <br />hntangibles including, without limitation, any awards resulting from a change of grade of streets and <br />awards for severance damages; and <br />PROCEEDS <br />All of the rents, revenues, issues, profits and proceeds of any and all of the foregoing. <br />A security interest is granted by this Deed of Trust in that portion of the Mortgaged Estate which <br />constitutes Personal Property pursuant to and as set forth in Article IV hereof. <br />TO HAVE AND TO HOLD the Mortgaged Estate hereby granted or mortgaged or intended to be <br />granted or mortgaged, unto the Trustee, and its successors in trust, heirs and assigns, in fee simple <br />forever. <br />PROVIDED, HOWEVER, that these presents are upon the condition that, if the obligations <br />secured hereby shall be paid when due, and if the Grantor shall keep, perform and observe all and singular <br />the obligations, covenants, agreements and provisions herein expressed to be kept, performed by and <br />observed by or on the part of the Grantor, then this Deed of Trust and the estate and rights hereby granted <br />shall cease, determine and be void, but otherwise shall be and remain in full force and effect. <br />THIS DEED OF TRUST SIIALL SECURE THE FOLLOWING INDEBTEDNESS AND <br />OBLIGATIONS: <br />(1) Payment of indebtedness evidenced by the Notes and all replacements, renewals, <br />amendments, extensions, substitutions and modifications thereof bearing interest and being <br />payable as provided therein; <br />(2) Payment of all indebtedness and performance of all obligations and covenants of <br />the Grantor under the Loan Agreement and each agreement of the Grantor incorporated by <br />reference therein or herein, or contained therein or herein; <br />(3) Payment of all of the principal of and interest on any future advances under the <br />Notes, the Loan Agreement, this Deed of Trust, and any other instrument or other document <br />given to evidence or further secure the payment and performance of any of the obligations <br />thereunder (collectively, the "Financing Documents "); <br />(4) Payment of all other indebtedness and performance of all other obligations and <br />covenants of the Grantor contained in any Financing Document, together with any other <br />instrument given to evidence or further secure the payment and performance of any obligation <br />secured hereby or thereby; <br />(S) Payment of all sums advanced by the Beneficiary to protect the Mortgaged <br />Estate, with interest thereon at a rate which shall be 3% per annum above the highest rate of <br />interest borne by any of the Series 2006 Bonds or the maximum rate permitted by law if less than <br />such rate from the date of advance by the Beneficiary to the date of payment by the Grantor; and <br />(6) Payment of all other sums, with interest thereon, which may hereafter be owed <br />by the Grantor or its successors or assigns pursuant to the Financing Documents to the <br />Beneficiary or its successors or assigns. <br />-3- <br />