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<br />FOR THE PURPOSE OF SECURING:
<br />D. Payment of indebtedness in the total principal amount of $ 1_ 5 5 , 0 0 0 . 00 (0 n e
<br />with interest thereon. oS evidenced as follows:
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<br />Il)PromisoryNotedated March 30,1988
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<br />thousand and NO/109$ 155,000.00
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<br />hundred 8Pifi\llf~~ 6t~?usand
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<br />a nd no /l 00)
<br />inthl!principalamountof One hundred fifty five
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<br />I together with interest thereon with 0 maturity date of
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<br />,} 11 n e 28, 1 g 8 8 wherein the Trustor is the Muker und poyable to the order of the Beneficiory. llnd which by this
<br />reference is hereby. mode 0 part hereof, and any and all modifications, extensions. and renewals thereof.
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<br />(2) All further loans or indebtedness owed or to be owed by Trustor to Beneficiary, according to the terms of any future
<br />Promissory Notes or other evidence of debt, provided that the maximum amount secured by this Deed of Trust now or at any time
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<br />hereafter shall not exceed One hundred ei htv thousand and no/lOa 180 000.00 plus interest.
<br />The obligation of the Beneficiary to make further or future advances or readvances shall be opttonal with the; Beneficiary.
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the maxhnum legal rate.
<br />This Deed of Trust, the Note, and any other inatruments given to evidence or further secure the payment and performance of any
<br />obligation secured hereby may hereafter be referred to collectively as the "Loan Instruments".
<br />TO HAVE AND TO HOLD the Trust Property upon and subject to the trusts and agreements hereinafter set forth:
<br />1. Trustor agrees to punctually pay the principal of. and interest on, the Note or Notes and all obligations secured hereby on the
<br />dates and at the place and in the manner provided therein and to punctually perform all agreements, conditions and provisions of
<br />any other security instrument given in connection with this transaction.
<br />2. Trustor, at its expense, will maintain and preserve the lien of this Deed of Trust as a first and paramount lien upon the Trust
<br />Property, will eause this Deed of Trust, and each amendment or supplement thereto, to be filed and recorded as a mortgage of the
<br />Trust Property in such manner and in such place, and will take such other action as in the opinion of Trustee may be required by any
<br />present or future law in order to perfect, maintain and protect the lien of this Deed of Trust, as the same may be from time to time
<br />amended or supplemented.
<br />3. If title to any part of the Trust Property shall be taken in rondemnation proceedings, by right of eminent domain Lr similnr
<br />action. or shall be sold under threat of condemnation, all awards. damages and proceeds are hereby assigned and shall be paid to
<br />Trustee who shaU apply such amount to the prepayment of the Note. Trustor will promptly, and with due diligence, repair, alter and
<br />restore the remaining part of the Trust Property to its former condition substantially to the extent that the same may be feasible
<br />IUId 80 as to constitute a complete and usable unit.
<br />~, Trustor, at its expense, will maintain with insurors approved by Benefieiary insurance with respect to the improvements and
<br />personal property constituting the Trust Property against loss by fire, lightning, and other perils covered by standard extended
<br />coverage endorsement, in an amount equal to at least 100 % of the full replacement value thereof; and insurance against other such
<br />hazards and in such amount as is customarily carried by owners and operators of similar properties and as Beneficiary may require
<br />for its protection. Trustor will comply with such other requirement as Beneficiary may from time to time request for the protection
<br />by insurance of the interest of the respective parties. All insurance policies maintained pursuant to this Deed of Trust shall name
<br />Trustor. Trustee and Beneficiary as insureds, as the respective intere!lts may appear, and provide there shall be no cancellation or
<br />modification without 15 days written notification to Trustee and Beneficiary. In the event any policy hereunder is not renewed on or
<br />before 15 days prior to its expiration dale, Trustee or Beneficiary may procure such insurance. pay the premiums therefor, and such
<br />sums sholl immediately become due and payable with interest at the rate of 18% per annum until paid and shall be secured by this
<br />Deed of Trust. All policies of insurance required by this Deed of Trust, shall be delivered to and retained by Trustee. Failure of
<br />Trustor to furnish such insurance. or renewals as are required hereunder, or failure to pay any sums advanced hereunder shall, at
<br />the option of Beneficiary. constitute a default. All unearned premuims are hereby assigned to Trustee as additional security and a
<br />sale and conveyance of the Trust Property by the Trustee shall operate to convey to the purchaser the Trustor's interest in and to all
<br />policies of insurance upon the Trust Property.
<br />5. In case of any damage to, or destruction of, the buildings, improvements or personal property constituting part of the Trust
<br />Property, whether such loss is covered by insurance or otherwise, Trustor, at its sole cost and expense, will promptly restore,
<br />repair, replace and rebuild the same as nearly as preeticable to its condition immediately prior to such damage or destruction or with
<br />such changes and alterations as Trustor may deem appropriate, provided such changes and alterations do not materially lessen the
<br />value and utility of such buildings, improvements and personality from that existing immediately prior to such damage or
<br />destruction. Trustor shall be entitled to reimbursement from the Trustee to the extent of the net insurance proceeds received by
<br />Trustee, but only to the extent of the actual sum ell:pended under this provision.
<br />6. Trustor will do all things necessary to preserve its corporate existence, rights and privileges under the laws of the state of its
<br />incorporation.
<br />7. 1'rustor will not commit any waste upon the Trust Property and wilL at all times, maintain the same in good operating order
<br />and condition and will make, from time to time, all repairs, renewals, replacements, additions and improvements which are
<br />reasonably needful or desirable to such end. Not building or improvement now or hereafter erected upon the Trust Property shall be
<br />altered. removed or demolished without prior written consent of Beneficiary.
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