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c/o Edgemark Development LLC 200501885 <br />410 17th St., Suite 1705 <br />Denver, CO 80202 -4430 <br />Attn: Brad A. McNealy <br />Beneficiary: Wells Fargo Bank, National Association <br />Real Estate Group (AU #03037) <br />4643 South Ulster Street, Suite 1400 <br />Denver, CO 80237 <br />Loan No. 101634 <br />With a copy to: Wells Fargo Bank, National Association <br />Disbursement and Operations Center <br />2120 East Park Place, Suite 100 <br />El Segundo, CA 90245 <br />Attention: Kathryn Graham <br />Trustee: Wells Fargo Bank, National Association <br />Disbursement and Operations Center <br />2120 East Park Place, Suite 100 <br />El Segundo, CA 90245 <br />Attention: Kathryn Graham <br />Any party shall have the right to change its address for notice hereunder to any other <br />location within the continental United States by the giving of thirty (30) days notice to <br />the other party in the manner set forth hereinabove. Grantor shall forward to Beneficiary, <br />without delay, any notices, letters or other communications delivered to the Subject <br />Property or to Grantor naming Beneficiary, "Lender" or the "Construction Lender" or <br />any similar designation as addressee, or which could reasonably be deemed to affect the <br />construction of the Improvements or the ability of Grantor to perform its obligations to <br />Beneficiary under the Note or the Loan Agreement. <br />7.16 ADJUSTABLE RATE PROVISIONS. The Note contains provisions which <br />permit: (a) increases and decreases to the rate of interest provided in the Note; <br />and (b) increases and decreases to the payment of principal and interest. <br />Reference is made to the Note for a complete description of the adjustable rate <br />terms of the indebtedness secured by this Deed of Trust. <br />7.17 FUTURE ADVANCES. Upon request of Grantor, Beneficiary, at Beneficiary's <br />option, so long as this Deed of Trust secures indebtedness held by Beneficiary, <br />may make future advances to Grantor. Such future advances, with interest <br />thereon, shall be secured by this Deed of Trust when evidenced by the note or any <br />other promissory notes stating that such notes are secured hereby. <br />7.18 PARTIAL RELEASE OF SUBJECT PROPERTY. Beneficiary agrees to <br />release properly subdivided lots in the Subject Property from the lien of this Deed <br />of Trust upon the terms and conditions set forth in the Loan Agreement. <br />24 <br />#1060655 0 <br />