|
and now or hereafter located at or used in connection with the Land, the Improvements
<br /> or Appurtenances, and all improvements, restorations, replacements, repairs, additions
<br /> or substitutions thereto (collectively, "Equipment");
<br /> d. All existing and future leases, subleases, licenses, and other agreements
<br /> relating to the use or occupancy of all or any portion of the Land or Improvements
<br /> (collectively, "Leases"), all amendments, extensions, renewals or modifications thereof,
<br /> and all rent, royalties, or other payments which may now or hereafter accrue or
<br /> otherwise become payable thereunder to or for the benefit of Trustor, including but not
<br /> limited to security deposits (collectively, "Rents");
<br /> e. All insurance proceeds and any other proceeds from the Land,
<br /> Improvements, Appurtenances, Equipment, Leases, and Rents, including without
<br /> limitation, all deposits made with or other security deposits given to utility companies, all
<br /> claims or demands relating to insurance awards which the Trustor now has or may
<br /> hereafter acquire, including all advance payments of insurance premiums made by
<br /> Trustor, and all condemnation awards or payments now or later made in connection
<br /> with any condemnation or eminent domain proceeding ("Proceeds");
<br /> f. All revenues, income, rents, royalties, payments and profits produced by
<br /> the Land, Improvements, Appurtenances and Equipment, whether now owned or
<br /> hereafter acquired by Trustor ("Gross Revenues");
<br /> g. All architectural, structural and mechanical plans, specifications, design
<br /> documents and studies produced in connection with development of the Land and
<br /> construction of the Improvements (collectively, "Plans"); and
<br /> h. All interests and rights in any private or governmental grants, subsidies,
<br /> loans or other financing provided in connection with development of the Land and
<br /> construction of the Improvements (collectively, "Financing").
<br /> All of the above-referenced interests of Trustor in the Land, Improvements,
<br /> Appurtenances, Equipment, Leases, Rents, Proceeds, Gross Revenues, Plans and
<br /> Financing as hereby conveyed to Trustee or made subject to the security interest herein
<br /> described are collectively referred to herein as the "Property."
<br /> 2. Obligations Secured. This Deed of Trust is given for the purpose of securing
<br /> payment and performance of the following (collectively, the "Secured Obligations"): (i)
<br /> all present and future indebtedness evidenced by the Note and any amendment thereof,
<br /> including principal, interest and all other amounts payable under the terms of the Note;
<br /> (ii) all present and future obligations of Trustor to Beneficiary under the City Documents
<br /> (defined below); (iii) all additional present and future obligations of Trustor to Beneficiary
<br /> under any other agreement or instrument acknowledged by Trustor (whether existing
<br /> now or in the future) which states that it is or such obligations are, secured by this Deed
<br /> of Trust; (iv) all obligations of Trustor to Beneficiary under all modifications,
<br /> supplements, amendments, renewals, or extensions of any of the foregoing, whether
<br /> evidenced by new or additional documents; and (v) reimbursement of all amounts
<br /> 3
<br /> OAK #4825-3934-8270 vl
<br />
|