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<br />12,4884/4X
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<br />84.- 008368
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<br />r
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<br />thence northwesterly along the arc of a curve whose
<br />radius is 122,99 feet (the long chord of which deflects right
<br />09049'02" from the preceding course), an arc distance of 82.12
<br />feet;
<br />
<br />thence running northwesterly along the final tanpnt. of
<br />the preceding course prodaced, a distance of 12.00 feet to a
<br />point of curvature;
<br />
<br />thence northwesterly along the arc of a curve whose
<br />radius is 331.88 feet (the initial tangent of which coinet"
<br />with the preceding course produced) an arc distance of 121.51
<br />feet to the actual place of beginning,
<br />
<br />subject to the easement and restrictions specifically set forth in Bxbibit
<br />"A" attached hereto and by this reference incorporated herein t..hel"
<br />with all interest which Trustor now has or may hereafter acquire in...,
<br />to said Real Estate and in and to: (a) all easements and riarht. of_,
<br />appurtenant thereto and all of the estate, right, title. interest. claim
<br />and demand whatsoever of Trustor in the Real Estate, either at laworm
<br />equity, now or hereafter acquired; (b) all structures, buildinp arad
<br />improvements of every kind and description now or at any tJme hereafter
<br />located or placed on the Real Estate (the "Improvements"); (c) all
<br />machinery. appliances, apparatus. equipment and fixtures now or
<br />here&&fter located in. upon or under the Real Estate or the
<br />!::::r~"'~"e~~-~~. -.. r.U'~T r':IiI,.t thAPPnf _ .A:nif _uRP.!d. ,n,., lJltllhliP. in connection.
<br />with any present or future operation thereof, and all additions thereto
<br />and replacements therefore; (d) all articles of personal property and any
<br />additions to, substitutions for, changes in or replacements of the whole
<br />or any part thereof, including, without limitation, all furniture and
<br />furnishings, now or at any time hereafter affixed to, attached to. placed
<br />upon or used in any way in connection with the use, enjoyment.
<br />occupancy or operation of the Real Estate or the Improvements, or any
<br />portion thereof, and owned by the Trustor or in which Trustor now has
<br />or hereafter acquires an interest, including Trustor's equity in any
<br />leased television sets. telephone systems and business identification
<br />signs; (e) all of the rents. royalties. iS8ues and profits of the Real
<br />Estate and the Improvements, or arising from the use or enjoyment of all
<br />or any portion thereof or from any lease. license. concession. occupancy
<br />agreement or other agreement pertaining thereto (the "Rents and
<br />..'refits"), and all right. title and interest of Trustor in and to all
<br />leases, licenses and occupancy agreements of the Real Estate or of the
<br />:mprovemcnts now or hereafter entered into, all licenses and franchise
<br />a~reements now or hereafter entered into pertaining to the operation of
<br />the Real Estate and all right, title and interest of Trustor thereunder,
<br />including. without limitation, cash or securities deposited thereunder to
<br />secure performance by tenants. lessees or licensees. as applicable. of
<br />their obligations thereunder; (n all building materials and supplies now
<br />or hereafter placed on the Real Estate or in the Improvements; (g) the
<br />trade name Rnd goodwill of any motel or other business now or hereafter
<br />operated upon the Real Estate; and (h) all other or greater rights and
<br />interests of every nature in the Real Estate and the Improvementa and in
<br />the possession 01' use thereof and income therefrom, ",hether now owned
<br />or subsequently acquired by Trustor. The property so conveyed
<br />hereunder is hereinafter referred to as "such property".
<br />
<br />FOR TlfE PURPOSE OF SECURING:
<br />
<br />A, Payment of the principal Hum of ONE MILl.ION FlFTY
<br />THOUSAND DOLI,ARS ($1,050,000.00) evidenced bv that certain
<br />promissory note dllted of even date herewith (hereinafter referred to liS
<br />the "Promhlfiory Note") iB!lUed by Trustor in said amount Rnd payable to
<br />the order of Bem~ficiary, together with interest thereon. late chargt';'H
<br />fmd prepAyment bonuses llceording to the terms of the Promissory Note
<br />rifle] 1111 renewn!"" I!xtensior. fj Iind modi fiefltions tlwreof.
<br />
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<br />B. Pm'fol'manee. dll<lchllJ'!1.'f' of IInd compHanee with ('\'pry
<br />()bligathm. eovenllllt flnd I\I~rf'l1nwflt of Tl'ul!tol' lrworporated h:'f' :'ef('!'C'fl('('
<br />or ('ontAined h{~r('in or in nny olhor ,,;eeurity a~l'eement or' dl.'mi 01 tnn~l
<br />lit Imy time Ifivp./l fI) J'1f!cure fillY iflc]ebt('c!n()!lJ'1 hm,..hv ''''':IH'"d, or Illl\'
<br />p~l't ~h~l'e()f. whidl Indu<1"M II COTll'ltl'udioll LOlli' A KT'l"'I11t'll I f14'l'llIlnlllfC
<br />10 Ow "omp:leHoll of Ihl" !r'lprovr'menhl nil lhn Broil) Y';"lalt'.
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