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FOR THE PURPOSE OF SECURING:
<br />a. Payment of indebtedness in the total principal amount of$ 3401000.00 hundred f(Irty thrut.sand &no /)00)
<br />with interest thereon, as evidenced as follows: - —
<br />11)Promiscry Notedated__eNPI- i1 8, 19`3.5 —in the principal amount of_Lwo hundred forty thousand
<br />OD end m�;100- --- - - - - -- ",0,01)0.00 y�ri'1 8
<br />� --- -- -------- - - - - -- — �$._ _ _ 1 together with interest thereon with a maturity date of Apr-118,,.
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<br />wherein the Trustor is the Maker and payable to the order of the Beneficiary, and which by this
<br />reference is hereby, made a part hereof, and any and all modifications, extensions, and renewals thereof.
<br />-Pro;nissorp Note dated April 8, 1985, in the principal. amount of One hundred
<br />tdi avid no /100 - -- ($100,000,00) tot; ether with interest thereon with a maturity date
<br />8, 1992 wherein the Truster is the "taker sand payable to the order of the
<br />?ena i, iar.:, and which by this re>terence is hereby, made a part hereof, and anv and
<br />.r'. medificrCi„ns, eXtrnsions, and renewals thereof.
<br />(3) 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
<br />hereafter shall not exceed Iliree hundred .vixty r ive thousand :tnd no/100 _ (365,000.00)--- -plus interest.
<br />The obligation of the Beneficiary to make further or future advances or readvances shall be optional with the Beneficiary.
<br />b. Payment of all sums advanced by Beneficiary to protect the Trust Estate, with interest thereon at the maximum legal rate.
<br />This Deed of Trust, the Note, and any other instruments 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 cause 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 he 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 he from time to time
<br />amended or supplemented.
<br />3. if title to any pan of the Trust Property shall be taken in condemnation proceedings, by right of eminent domain or similar
<br />action, or shall be sold under threat of condemnation, all awards, damages and proceeds are hereby assigned and shall he paid to
<br />Trustee who shall apply such amount to the prepayment of the Note. Trustor will prompts . and with clue diligence. repair, alter and
<br />restore the remaining part of the Trust Property to its former condition substantially to the extent ,hat the same may be feasible
<br />and so as to constitute a complete and usable unit.
<br />4. Trustor, at its expense, will maintain with insurers approved by Beneficiary 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 10011 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 mac trom time to time request for the protection
<br />by insurance of the interest of the respective parties. All insurance policies maintained pursuant to tilts Deed d nl 'Trust shall name
<br />Trustor. Trustee and Beneficiary as insureds, as the respective interests may ap{{aear. and provide• there shall he no cancellation or
<br />modification without 15 days written notification t.o rrustee and Benefician . In the event any policy hereunder is not renewed on or
<br />before 15 days prior to its expiration date, 'Trustee or Beneficiary may procure such insurance, pay t he premiums therefor, and such
<br />sums shall immediately become due and payable with interest at the rate of Is per annum tint ti paid and shall be secured by this
<br />Deed of Trust. All policies of insurance required by this Deed of 'trust. shall he delivered to and retained by 'Trustee. Failure of
<br />Trustor to furnish such insurance, or renewals its are required hereunder, nr failure to pay am sums advanced hereunder shall, at
<br />the option of Beneficiary, constitute it 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 practicable 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 expended under this provision.
<br />6. Trustor will do all hings necessary to preserve its corporate existence, rights and privileges under the haws of the state of its
<br />incorporation.
<br />7. Trustor will not commit any waste upon the Trust Property and will, at all times, maintain the saute in good operating order
<br />and condition and will make, from time to time, all repairs, renewals, replacements. additions and improvements which ere
<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 constant of Beneficiary.
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