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I personalty), together wi th any addi tiona 1 in8S.,mt owned or hereafter acquired by Trustor, is referred the "Mortgaged Property". 102043 thereon .now to below as TO HAVE AND TO HOLD the Mortgaged Property, together wi th all the rights, heredi taments and appurtenances now, or here- after, at any time before the foreclosure hereof, in any wise appertaining or belonging thereto, unto the said Trustee and to his successors and assigns forever, and the Trustor hereby binds himself, his successors and assigns, to warrant and forever defend, all and singular, the said premises unto the said Trustee and the Trustee' s successors and assigns, against the lawful claim or claims of all persons whomsoever. In addition to the lien above created, Trustor hereby grants to Beneficiary and its successors and assigns a security interest in (i) each and every part of the Mortgaged Property which are fixtures or personal property, (ii) in all proceeds from the sale, Tease or other disposition thereof, including, without limitation, all Awards (as defined in Section 6.4 hereof) and Casualty Proceeds (as defined in Section 6.5 hereof),. and (iii) all sums, proceeds, funds and reserves collected by Beneficiary pursuant hereto; provided that this grant of a security interest in proceeds shall not be deemed to authorize any action otherwise prohibited herein. Trustor represents and warrants that all such fixtures and personal property are and will be used as raw materials or as equipment in Trustor' s business or as goods leased or held for lease by Trustor but no part thereof constitutes inventory for sale. This conveyance is made subject only to the Permitted Encumbrances (as defined in the Loan Agreement). ARTICLE I DESCRIPTION OF SECURED INDEBTEDNESS 1.1 It is understood and agreed that this Deed of Trust is made in trust to secure payment of (a) that certain promissory note dated April 15, 1988, executed by Trustor, in the principal sum of Eighty Million and No/IOO Dollars ($80,000,000.00) payable to the order of Beneficiary, said note providing for a rate of interest as provided in said note, on all principal and interest including all past-due principal and interest after the maturity thereof and for late charges, and having a final maturity date of April 15, 1993, and any and all renewals or extensions of said note, or any part thereof (the abQve-referenced note and all modifications, renewals, extensions and rearrangments thereof and any and all notes - 3 - L --.J L