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1. Grant in Trust
<br />In consideration of the foregoing and for the purpose of securing payment and
<br />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
<br />for the benefit of Beneficiary, with power of sale and right of entry and possession, all
<br />estate, right, title and interest which Trustor now has or may later acquire in and to the
<br />Land, and all of the 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
<br />wires and other rights used in connection with the Land or the Improvements or as a means
<br />of access thereto, whether now or hereafter owned or constructed or placed upon or in the
<br />Land or Improvements and all existing and future privileges, rights, franchises and
<br />tenements of the Land, including all minerals, oils, gas and other commercially valuable
<br />substances which may be in, under or produced from any part of the Land, and all water
<br />rights, rights of way, gores or strips of land, and any land lying in the streets, ways, and
<br />alleys, open or proposed, in front of or adjoining the Land and Improvements (collectively,
<br />"Appurtenances");
<br />C. All 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
<br />or hereafter located at or used in connection with the Land, the Improvements or
<br />Appurtenances, and all improvements, restorations, replacements, repairs, additions or
<br />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, and
<br />all rent, royalties, or other payments which may now or hereafter accrue or otherwise
<br />become payable thereunder to or for the benefit of Trustor, including but not limited to
<br />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
<br />made with or other security deposits given to utility companies, all claims or demands
<br />relating to insurance awards which the Trustor now has or may hereafter acquire, including
<br />all advance payments of insurance premiums made by Trustor, and all condemnation
<br />awards or payments now or later made in connection with any condemnation or eminent
<br />domain proceeding ("Proceeds"); and
<br />f. All revenues, income, rents, royalties, payments and profits produced by the
<br />Land, Improvements, Appurtenances and Equipment, whether now owned or hereafter
<br />acquired by Trustor ("Gross Revenues");
<br />All of the above -referenced interests of Trustor in the Land, Improvements, Appurtenances,
<br />Equipment, Leases, Rents, Proceeds and Gross Revenues as hereby conveyed to Trustee
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