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86"101845 <br />Marketing <br />a _ <br />EXHIBIT D <br />Permitted Exceptions <br />A. Title to all of the Premises are (or may be) <br />subject to liens expressly permitted by Sections 8.6 and 9.12 <br />of the Loan Agreement. <br />B. Equipment and fixtures on the properties referred <br />to hereinafter as Stations No. 59, 79, 81, 341, 342, 344, 345, <br />346, 841, and 842 are subject to the lien created by a <br />security agreement in favor of Dividend Bonded Gas (the <br />foregoing properties are not referenced in all counterparts <br />of this Mortgage), <br />C. Those properties leased to the Mortgagor by PRC <br />are (or may be) subject to the following matters: <br />1. Liens expressly permitted by Sections 8.6 and 9.8 <br />of the PRC Loan Agreement. <br />2. All matters of record on April 10, 1986 which have <br />not arisen by, through, or under PRC or the Mortgagor. <br />3. A mortgage or deed of trust dated as of April 10, <br />1986 in favor of Derby Refining Company as mortgagor or <br />beneficiary as the case may be. <br />W <br />_I <br />