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Appurtenances, Equipment, Leases, Rents, Proceeds and Gross Revenues as hereby
<br />conveyed to Trustee or made subject to the security interest herein described are
<br />collectively referred to herein as the "Property."
<br />2. Obligations Secured. This Leasehold Deed of Trust is given for the purpose of
<br />securing payment and performance of the following (collectively, the "Secured
<br />Obligations"): (i) all present and future indebtedness evidenced by the Note and any
<br />amendment thereof, including principal, interest and all other amounts payable under
<br />the terms of the Note; (ii) all present and future obligations of Trustor to Beneficiary
<br />under the Loan Agreement, the Note and this Leasehold Deed of Trust (collectively
<br />hereafter the "Loan Documents"); (iii) all additional present and future obligations of
<br />Trustor to Beneficiary under any other agreement or instrument acknowledged by
<br />Trustor (whether existing now or in the future) which states that it is or such obligations
<br />are, secured by this Leasehold Deed of Trust; (iv) all obligations of Trustor to
<br />Beneficiary under all modifications, supplements, amendments, renewals, or extensions
<br />of any of the foregoing, whether evidenced by new or additional documents; and (v)
<br />reimbursement of all amounts advanced by or on behalf of Beneficiary to protect
<br />Beneficiary's interests under this Leasehold Deed of Trust or any other Loan Document
<br />as such may be modified, supplemented, amended, renewed or extended.
<br />3. Assignment of Rents, Issues, and Profits. Trustor hereby irrevocably, absolutely,
<br />presently and unconditionally assigns to Beneficiary the Rents, royalties, issues, profits,
<br />revenue, income and proceeds of the Property. This is an absolute assignment and not
<br />an assignment for security only. Beneficiary hereby confers upon Trustor a license to
<br />collect and retain such Rents, royalties, issues, profits, revenue, income and proceeds
<br />as they become due and payable prior to any Event of Default hereunder. Upon the
<br />occurrence of any such Event of Default, Beneficiary may terminate such license
<br />without notice to or demand upon Trustor and without regard to the adequacy of any
<br />security for the indebtedness hereby secured, and may either in person, by agent, or by
<br />a receiver to be appointed by a court, enter upon and take possession of the Property or
<br />any part thereof, and sue for or otherwise collect such rents, issues, and profits,
<br />including those past due and unpaid, and apply the same, less costs and expenses of
<br />operation and collection, including reasonable attorneys' fees, to any indebtedness
<br />secured hereby, and in such order as Beneficiary may determine. Beneficiary's right to
<br />the rents, royalties, issues, profits, revenue, income and proceeds of the Property does
<br />not depend upon whether or not Beneficiary takes possession of the Property. The
<br />entering upon and taking possession of the Property, the collection of such rents,
<br />issues, and profits, and the application thereof as aforesaid, shall not cure or waive any
<br />default or notice of default hereunder or invalidate any act done pursuant to such notice.
<br />If an Event of Default occurs while Beneficiary is in possession of all or part of the
<br />Property and/or is collecting and applying Rents as permitted under this Leasehold
<br />Deed of Trust, Beneficiary, Trustee and any receiver shall nevertheless be entitled to
<br />exercise and invoke every right and remedy afforded any of them under this Leasehold
<br />Deed of Trust and at law or in equity, including the right to exercise the power of sale
<br />granted hereunder. Regardless of whether or not Beneficiary, in person or by agent,
<br />takes actual possession of the Land or the Improvements, Beneficiary shall not be
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