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<br />200704125
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<br />THIS DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY
<br />AGREEMENT AND FIXTURE FILING to CHICAGO TITLE INSURANCE COMPANY,
<br />having an address at 106 W. 11th Street, Suite 1800 Kansas City, MO 64105, as Trustee
<br />("Trustee") (as the same may from time to time be extended, renewed, supplemented or
<br />modified, the "Deed of Trust"), made as of the 30 day of April, 2007, by KLAC REX, LLC, a
<br />Delaware limited liability company ("Grantor"), having its principal place of business at c/o 122
<br />South Michigan Avenue, Suite 1000, Chicago, Illinois 60603, for the benefit of CITIGROUP
<br />GLOBAL MARKETS REALTY CORP., a New York corporation ("Beneficiary"), having its
<br />principal place of business at 388 Greenwich Street, 19th Floor, New York, New York 10013.
<br />
<br />WIT N E SSE T H:
<br />
<br />To secure the payment of an indebtedness in the original principal sum of FIFTY-
<br />THREE MILLION AND 00/100 DOLLARS ($53,000,000) or so much thereof as may be
<br />outstanding from time to time, in lawful money of the United States of America, to be paid with
<br />interest according to a certain Loan Agreement, dated as of April 30, 2007, between Grantor, as
<br />borrower and Beneficiary, as initial lender (as the same may be extended, renewed,
<br />supplemented or modified, the "Loan Agreement"; capitalized terms used herein and not defined
<br />having the meanings ascribed thereto in the Loan Agreement), as evidenced by that certain
<br />Promissory Note, executed and delivered by Grantor pursuant to the Loan Agreement (as the
<br />same may be extended, renewed, supplemented, exchanged, substituted, replaced or modified,
<br />collectively, the "Note"; the Loan Agreement, the Note, this Deed of Trust, the other Collateral
<br />Security Instruments and any other documents executed and delivered in connection with the
<br />Loan, collectively, the "Loan Documents"), as security for the payment and performance of all
<br />of Grantor's obligations hereunder and under the Loan Documents (excluding the Environmental
<br />Indemnity Agreement executed by Grantor and Guarantor in favor of Beneficiary) (collectively,
<br />the "Obligations"), Grantor has mortgaged, transferred, given, granted, bargained, sold,
<br />alienated, enfeoffed, conveyed, confirmed, warranted, pledged, assigned and hypothecated and
<br />by these presents does hereby mortgage, transfer, give, grant, bargain, sell, alienate, enfeoff,
<br />convey, confirm, warrant, pledge, assign and hypothecate unto Trustee WITH MORTGAGE
<br />COVENANTS, the real property described in Exhibit A attached hereto (the "Land") and the
<br />buildings, structures and improvements of every nature whatsoever now or hereafter located
<br />thereon (including, but not limited to, all gas and electric fixtures, radiators, heaters, docks and
<br />docking facilities, engines and machinery, boilers, ranges, elevators and motors, plumbing,
<br />heating and air conditioning fixtures, carpeting and other floor coverings, water heaters, awnings
<br />and storm sashes, and cleaning apparatus which are or shall be attached to the Land or said
<br />buildings, structures or improvements) (the "Improvements");
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<br />TOGETHER WITH: all right, title, interest and estate of Grantor now owned, or hereafter
<br />acquired, in and to the following property, rights, interest and estates (the Land, the
<br />Improvements together with the following property, rights, interests and estates being hereinafter
<br />described are collectively referred to herein as the "Trust Property"):
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<br />A. all easements, rights-of-way, strips and gores of land, streets, ways, alleys,
<br />passages, sewer rights, water, water courses, water rights and powers, air rights and development
<br />rights, and all estates, rights, titles, interests, privileges, liberties, tenements, hereditaments and
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