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Partners").
<br />NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of
<br />which are hereby acknowledged, it is agreed as follows.
<br />] . Grant in Trust. In consideration of the foregoing and for the purpose of securing payment
<br />and performance of the Secured Obligations defined and described in Section 2, Trustor hereby
<br />irrevocably and unconditionally grants, conveys, transfers and assigns to Trustee, in trust for the
<br />benefit of Beneficiary, with power of sale and right of entry and possession, all estate, right, title
<br />and interest which Trustor now has or may later acquire in and to the Land, and all of the
<br />following, whether presently owned or hereafter acquired:
<br />a. All buildings, structures, and improvements, now or hereafter located or
<br />constructed on the Land ("Improvements");
<br />b. All appurtenances, easements, rights of way, pipes, transmission lines or wires
<br />and other rights used in connection with the Land or the Improvements or as a means of access
<br />thereto, whether now or hereafter owned or constructed or placed upon or in the Land or
<br />Improvements and all existing and future privileges, rights, franchises and tenements of the
<br />Land, including all minerals, oils, gas and other commercially valuable substances which may be
<br />in, under or produced from any part of the Land, and all water rights, rights of way, gores or
<br />strips of land, and any land lying in the streets, ways, and alleys, open or proposed, in front of or
<br />adjoining the Land and Improvements (collectively, "Appurtenances");
<br />c. Al] machinery, equipment, fixtures, goods and other personal property of the
<br />Trustor, whether moveable or not, now owned or hereafter acquired by the Trustor and now or
<br />hereafter located at or used in connection with the Land, the Improvements or Appurtenances,
<br />and all improvements, restorations, replacements, repairs, additions or substitutions thereto
<br />(collectively, "Equipment");
<br />d. All existing and future leases, subleases, licenses, and other agreements relating to
<br />the use or occupancy of all or any portion of the Land or Improvements (collectively, "Leases"),
<br />all amendments, extensions, renewals or modifications thereof, and all rent, royalties, or other
<br />payments which may now or hereafter accrue or otherwise become payable thereunder to or for
<br />the benefit of Trustor, including but not limited to security deposits (collectively, "Rents");
<br />e. All insurance proceeds and any other proceeds from the Land, Improvements,
<br />Appurtenances, Equipment, Leases, and Rents, including without limitation, all deposits made
<br />with or other security deposits given to utility companies, all claims or demands relating to
<br />insurance awards which the Trustor now has or may hereafter acquire, including all advance
<br />payments of insurance premiums made by Trustor, and all condemnation awards or payments
<br />now or later made in connection with any condemnation or eminent domain proceeding
<br />("Proceeds");
<br />£ All revenues, income, rents, royalties, payments and profits produced by the
<br />Land, Improvements, Appurtenances and Equipment, whether now owned or hereafter acquired
<br />by Trustor ("Gross Revenues");
<br />803766-5 2
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