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<br /> readvances �,Q Borrow�r (or anar of them if more �clian o�ie) hr�teunde� �
<br /> pureuant to one� or more �romiesory noter� or crec�it agreemen�� _
<br /> (herein called "Not�") t (b) the payment of ather suma advanced by
<br /> Lender to Qro�ect the security of thie Deed of Truat, wxtk�iintereat
<br /> thexeon ae prov3ded in the No�e; (c) the performanae of all
<br /> covenante� and Agreemen�s of Truetor �et forL-h herein� and (d) all
<br /> preeent and future ind�btedness and obligationo ot Sorrower (or any
<br /> oE tham if more L•han one) �o Len�ier whether direct, indirecL•,
<br /> abaolute or contingent and whether ariaing by note, guaranty,
<br /> indemnificatiAn for hazardous materials, overdraft or otherwiae,
<br /> including withcut limitatiors all no�es executed by Barrowrer
<br /> � pureuant to the �erms of loan aommitment letters l�he "Prior
<br /> �c�mm�.tment Lettere��) between �Lender and Boxrower dated November 1,
<br /> 1994 and Auguat �.9, 1995 (such notes representing or to repreaemt
<br /> a total indebtedr�esa of $].7,227,000, a.ncluding the indebtedneso
<br /> unde� the No�e) (the foregoing all collsctively referred to ae
<br /> °Obligationa") . The Note, this Deed of Truat und any and a7.1 other
<br /> documents that secuz�e the Note or otherwiee are executed in
<br /> connection therewith ar pursuant to a cott►mitment letter uervreen
<br /> Borrcwer and Lender dat�d Auguat 5, 1596 (tk�� "New Commi�tnent
<br /> Letter") , including without limitation a building and term Zoan
<br /> agreement of even date, an assignment of leases and renta cov�ring
<br /> tne Proaert;� and a security a�reement, and all deeds of Cx:�ust,
<br /> mortqactes, eecurity aareements and aseignmenta of leasea and rente
<br /> executed pursuant to the Prior Commi�ment Letters, ae modified or
<br /> amended front. time ta time, shall be referred to hexein ae the
<br /> "Security Ura��ments.01 Payment of th� Obligations alea is aecured
<br /> by the otl�er �.ecurity Dacuments.
<br /> Trus�or covenant� and agrees with Lender ae followe:
<br /> �., +�yanent of �adelzedaees. All indebtedneae eecured
<br /> hereby ohall be paid when due.
<br /> 2. Ti�le. Trustor is tY�e owner of L-he Prope�t�, haa
<br /> the �ight and authority to convey the Property, ant� warsants that .
<br /> the 7.�en created h.es•aby i.s a first and prior lien or.� ��he Propr�rty.
<br /> ,. 3. T�_�,a �?�aeessmeate. To pay before rlelinquency all
<br />- tax�s, eFecial assE� ���nt� and aJ.l other chargc�e aqainst tihe
<br /> . Pro�aErty nnw or hereaL�er �.evied, and provide L�nder with written
<br />= prcaQ� of such paymP��.
<br /> ,' 4. �gi surance. To keep the Pxoperty ineured acq�in�t
<br /> � �lamage by xire, hazards iuzcluded within the L•erm "ex�G�nded
<br /> Cpv'L��.r:nge", and such other haz�rds as Lender may require, in arlcaunts
<br /> �l and vr1ith companies acceptab3s ro Lender, naming Lender as an
<br /> � addi'��.onal szamed insured, mortgagee or loes payee, ae �ppropriate,
<br /> s with losa �ayable to the Lender. In case of loas under �uch
<br /> � policie�, the Lender is authorized to adjust� collect and
<br /> t comp�.nmiae, all claims thereunder, and shall apply th� in�uxance
<br /> procc�eds ir► the following order: (i) first, so long as there ie no
<br /> t default hereunder, to the True�or to be used for the repair or
<br /> reetoration of the Property; (ii) second, if any pxoceeda ��emain
<br /> a£ter the repai.r or restoration of the Property, or if the T�stor
<br /> : - 2 -
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