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<br />84 - 005068
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<br />the Plans and Specifications identified irtthe LoanA'g'r-el!'-'
<br />ment (all of the foregoing is herein referred to c01..
<br />lecti vely as the "Plans"); >
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<br />(viii) Contracte for Construction. All
<br />Grantor under any contracts executed by the
<br />with any provider of goods or services for or
<br />with any construction undertaken on, or services
<br />or to be performed in connection with, the Real>
<br />the Improvements, including the Gener-al
<br />Arohi teet's Contract Construction Agreement
<br />and any other contracts (in each case defined
<br />hereof as defined in the Loan Agreement)
<br />foregoing is herein referred to collectively
<br />"Contracts for Construction"};
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<br />(ix) Contracts for Sale or Financing. All rights-of
<br />the Grantor as seller or borrower under any aqreemfln't,
<br />contract, understanding or arrangement pursuant>to which> the
<br />Grantor has, wi th the consent of the Beneficiary, ob'tainecL
<br />the agreement of any person to payor disburse any money for
<br />the Grantor's sale (or borrowi.ng on the security) of the
<br />Collateral or any part there'.;>; (all of the foreqoing is
<br />here~n referred to collec' J""ly ail l.he "Contracts for
<br />SaleH); and
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<br />(xl Other Property, All other property of rights of
<br />the Grantor :)f any kind or character, inc ludlnq any permits
<br />and governmental approvals, or soil reports related to the
<br />Real Estate or the Improvements, and all proceeds (including
<br />condernnatlon and insurance proceeds) and products of any of
<br />1:he foregoing. (All of the Real Estate and the
<br />Improvement.s, and any other property which is real estate
<br />~nd_er appli,c_ab,~e la~, inS sometimes referred to collectively
<br />nereln as tne Premlses),
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<br />g Q ~ Y ~ X ~ ~ g ~
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<br />NOW THEREFORE, for and in consideration of the Beneficiary's
<br />executlng and delivering the Loan Agreement, and of t.he
<br />Beneficiary's maKlng any loan, advance or other financial
<br />accommoda1:ion to or for the benefi t of the Grantor, and in
<br />consideration of 1:he varlOUS agreements contained herein and in
<br />the Loan Agreement and the Security Documents, to secure payment
<br />by Grantor of the Liabilities and performace of all of Grantor's
<br />obligations as described herein and for other good and valuable
<br />consideration, the recelpt. and sufficiency of which is hereby
<br />ac~~owledged by the Grant.or,
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<br />THE GRANTOR HAS WARRANTED,
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<br />GRANTED,
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<br />BARGAINED,
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<br />GIVEN,
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<br />___1o.t'e''T nul:''''''' ~ C"~ '! r-\.!t:'h nr rr-.r"r'l""\ '''''ltTC'b'''''''O 1\ ll.lC" t:"T.':'r.nl':"'........ ",r..r T"\ '-"^"'1
<br />"VJi'U: ..l'J,..u:......, n~w....vJ....,I;J.IJ, .r;.: lJ.L;".IV'Vw-V, v,w..A. VV.&;;o.l'~ J.nru..~r:..c..t\-.t'\L1.11 .:1v......" ......vJ.'C-
<br />VEYED, RL~ISED, RELEASED a.nd MORTGAGED, and by these presents
<br />DOES HEREBY GRANT, BARGAIN, GIVE, CONFIRM, PLEDGE, SET OVER,
<br />SELL, REMI SE. .. RELEASE, !>10RTGAGE, WARRANT, CONVEY, TRANSFER AND
<br />ASSIGN TO THE TRUSTEE, ITS SUCCESSORS AND ASSIGNS IN TRUST WITH
<br />POWER OF SALE FOREVER, THE COLLATERAL, for the purposes and uses
<br />set forth herein, provided, however, if Grantor, or its successor
<br />or assigns shall satlsfy in full Grantor's llabilities, then the
<br />estate hereby created shall cease, determine and be vOld and of
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