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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 /> f. 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 /> g. All architectural, structural and mechanical plans, specifications, design
<br /> documents and studies produced in connection with development of the Land and construction of
<br /> the Improvements (collectively, "Plans"); and
<br /> h. All interests and rights in any private or governmental grants, subsidies, loans or
<br /> other financing provided in connection with development of the Land and construction of the
<br /> Improvements (collectively, "Financing ").
<br /> All of the above - referenced interests of Trustor in the Land, Improvements, Appurtenances,
<br /> Equipment, Leases, Rents, Proceeds, Gross Revenues, Plans and Financing as hereby conveyed
<br /> to Trustee or made subject to the security interest herein described are collectively referred to
<br /> herein as the "Property."
<br /> 2. Obligations Secured. This Deed of Trust is given for the purpose of securing payment
<br /> and performance of the following (collectively, the "Secured Obligations "): (i) all present and
<br /> future indebtedness evidenced by the Amended Note and any amendment thereof, including
<br /> principal, interest and all other amounts payable under the terms of the Amended Note; (ii) all
<br /> present and future indebtedness evidenced by the Note and any amendment thereof, including
<br /> principal, interest and all other amounts payable under the terms of the Note; (iii) all present and
<br /> future obligations of Trustor to Beneficiary under the Loan Documents (defined below); (iv) all
<br /> additional present and future obligations of Trustor to Beneficiary under any other agreement or
<br /> instrument acknowledged by Trustor (whether existing now or in the future) which states that it
<br /> is or such obligations are, secured by this Deed of Trust; (v) all obligations of Trustor to
<br /> Beneficiary under all modifications, supplements, amendments, renewals, or extensions of any of
<br /> the foregoing, whether evidenced by new or additional documents; and (vi) reimbursement of all
<br /> amounts advanced by or on behalf of Beneficiary to protect Beneficiary's interests under this
<br /> Deed of Trust or any other Loan Document as such may be modified, supplemented, amended,
<br /> renewed or extended. The Amended Note, the Note, the Original City Loan Agreement, the
<br /> Loan Agreement, this Deed of Trust, and the Amended and Restated Affordable I- lousing
<br /> Regulatory Agreement and Declaration of Restrictive Covenants ("Regulatory Agreement ") to
<br /> be dated as of the date hereof, executed by and between Trustor and Beneficiary and recorded
<br /> substantially concurrently herewith, are hereafter collectively referred to as the "Loan
<br /> Documents."
<br /> 3. Assignment of Rents. Issues, and Profits. Trustor hereby irrevocably, absolutely,
<br /> presently and unconditionally assigns to Beneficiary the Rents, royalties, issues, profits, revenue,
<br /> income and proceeds of the Property. This is an absolute assignment and not an assignment for
<br /> security only. Beneficiary hereby confers upon Trustor a license to collect and retain such Rents,
<br /> royalties, issues, profits, revenue, income and proceeds as they become due and payable prior to
<br /> 1755157.4 3
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