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<br />200709869 <br /> <br />Improvements whether or not such property is affixed to the Property or Improvements; <br />(b) any construction materials, fixtures, building machinery and building equipment <br />delivered on site to the Property or Improvements; and (c) all replacements and <br />substitutions for the foregoing property whether or not any of the foregoing is or shall be <br />on or attached to the Property or Improvements; excluding, specifically, however, any <br />machinery, equipment or fixtures now or hereafter located on the Property and owned by <br />Hornady Manufacturing Company, a Nebraska corporation. <br /> <br />4. All water rights, ditch rights, reservoir rights, stock or interests in water, <br />irrigation or ditch companies, royalties, mineral, oil and gas rights, now or hereafter used <br />or useful in connection with, appurtenant to or related to the Encumbered Property; <br /> <br />5. All right, title and interest of the County (including the right to enforce the terms <br />thereof) in, to and under the Agreement (except the County's rights to indenmification <br />and payment of attorneys' fees under the Agreement), and all Lease Payments and other <br />payments, revenues and receipts derived by the County under and pursuant to and subject <br />to the provisions of the Agreement (except for the rights ofthe County to receive moneys <br />for its own account under the Agreement and any payments made by the County, the <br />Trustee or the Partnership to meet the rebate requirements of Section 148( f) of the Code). <br /> <br />6. All licenses, certificates, zoning rights, air rights, authorizations or approvals of <br />any type or nature, now owned or held or hereafter acquired, which relate to the <br />acquisition, ownership, development, leasing, construction, operation, servicing, <br />management, use or occupancy of the real property comprising the Encumbered Property; <br /> <br />7. All insurance moneys, condenmation awards or payments in lieu thereof: <br />judgments and settlements relating to the Encumbered Property, and all funds, moneys, <br />certificates of deposit, instruments, letters of credit and deposits of Grantor held by, <br />deposited with, or paid or payable to Beneficiary; <br /> <br />8. All monetary deposits that Grantor has been required to give to any public or <br />private utility with respect to utility services furnished to the Property or Improvements; <br /> <br />9. All replacements and substitutions for, and all other rights and interests now or <br />hereafter belonging to or associated with, any of the foregoing. <br /> <br />TO HAVE AND TO HOLD the Encumbered Property hereby granted or encumbered or intended <br />to be granted or encumbered, unto the Deed Trustee, and its successors in trust, for the benefit of the <br />Beneficiary, its successors and assigns, forever, subject however to Permitted Title Encumbrances, as <br />defined below. <br /> <br />THIS DEED OF TRUST SHALL SECURE the payment and performance of the Secured <br />Obligations, including any future advances which are part of the Secured Obligations. <br /> <br />[The remainder of this page intentionally left blank.) <br /> <br />-3- <br />