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201106479
<br />Together with all rights, easements, appurtenances, royalties, mineral rights, oil and gas rights,
<br />crops, timber, all diversion payments or third party payments made to crop producers, and all
<br />e�sting and future improvements, structures, fixtures, and replacements that may now, or at any
<br />time in the future, be part of the real estate described above (all referred to as "Property"). The
<br />term Property also includes, but is not limited to, any and all water wells, water, ditches,
<br />reservoirs, reservoir sites and dams located on the real estate and all riparian and water rights
<br />associated with the Property, however established.
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt
<br />(hereafter defined) secured by this Deed of Trust at any one time shall not exceed $500,000.00.
<br />This limita.tion of amount does not include interest, loan charges, commitment fees, brokerage
<br />commissions, attorneys' fees and other charges validly made pursuant to this Deed of Trust and
<br />does not apply to advances for interest accrued on such advances) made under the terms of this
<br />Deed of Trust to protect Beneficiaty security and to perform any of the covenants contained in
<br />this Deed of Trust.
<br />4. SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not limited to,
<br />the following:
<br />A. The promissory note(s), contract(s), guaranty(ies) or other evidence of debt described
<br />below and all extensions, renewals, modifications or substitutions (Evidence of Debt). (When
<br />referencing the debts below it is suggested that you include items such as borrower's names,
<br />note amounts, interest rates, maturity dates, etc.)
<br />Loan Number BDC001, dated August 26, 2011, executed by Trustor, in the
<br />amount of $500,000.00.
<br />B. All additional sums advanced and expenses incurred by Beneficiary for insuring,
<br />preserving or otherwise protecting the Property and its value and any other sums advanced and
<br />expenses incurred by Beneficiary under the terms of this Deed of Trust, plus interest at the
<br />highest rate in effect, from time to time, as provided in the Evidence of Debt.
<br />C. Trustor's performance under the terms of any instrument evidencing a debt by Trustor to
<br />Beneficiary and any Deed of Trust securing, guarantying, or otherwise relating to the debt.
<br />If more than one person signs this Deed of Trust as Trustor, each Trustor agrees that this Deed of
<br />Trust will secure all future obligations described above that are given to or incurred by any one or
<br />more Trustor, or any one or more Trustor and others. This Deed of Trust will not secure any other
<br />debt if Beneficiary fails, with respect to such other debt, to make any required disclosure about
<br />this Deed of Trust or if Beneficiary fails to give any required notice of the right of rescission.
<br />5. PAYMENTS. Trustor agrees to make all payments on the Secured Debt when due and in
<br />accordance with the terms of the Evidence of Debt or this Deed of Trust,
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