Document:

Exhibit 4.1 Promissory Note

    
      

    

     

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IMPERIAL

    CAPITAL
      BANK

     

      
        

      

    

    
       
PROMISSORY
      NOTE SECURED BY DEED OF TRUST

     

    (TCM
      Fixed Rate - LIBOR Adjustable (Amortizing) / Recourse)

     

    $3,150,000.00                     Los
      Angeles,
      California                    August
      22, 2006

    

    

    NOTICE
      TO
      BORROWER: THIS NOTE CONTAINS PROVISIONS FOR A VARIABLE INTEREST RATE AND FOR
      VARIABLE PAYMENT AMOUNTS.

    

    

     1.
      Promise
      to Pay.
      In installments
      and at the times stated in this Note, for value received, Northtown
      Business Center, L.L.C., a Missouri limited liability company
("Maker"),
      promises to pay to
      IMPERIAL CAPITAL BANK ("Holder"),
      or order, at 700 North Central Avenue, Suite 100, Glendale, California 91203,
      or
      at such other place as the Holder may from time to time designate in writing,
      the principal sum of Three
      Million One Hundred Fifty Thousand and 00/100 ($3,150,000.00),
or
      so
      much thereof as may be disbursed by the Holder, with interest from the date
      of
      initial disbursement of all or any part of the principal of this Note (the
      "Disbursement
      Date")
      on
      unpaid principal at the interest rate or interest rates provided for in this
      Note.

    

            
      2.  Interest
      Rate; Payment of Principal and Interest.

    

    2.1    Certain
      Definitions. For
      purposes of this Note, the following terms shall have

    the
      following definitions:

    

    (a)  "Note
      Rate" means the per annum interest rate on the principal sum of this Note which
      is outstanding from time to time.

    

    (b)  "Fixed
      Rate" means a rate equal to six
      and eight hundred seventy thousandths percent (6.870%) per
      annum.

    

       
      (c)  "Fixed
      Rate Term" means the period commencing on the Disbursement Date and continuing
      for a term expiring sixty
      (60) months
      after the first (1s`)
      day of
      the first (1st)
      month
      following the Disbursement Date (or if the Disbursement Date occurs on the
      first
      (1st)
      day of
      a month, continuing for a term expiring sixty
      (60) months
      after the Disbursement Date) during which interest at the Fixed Rate shall
      accrue on the outstanding principal balance of this Note.

    

       
      (d)  "Index"
      means the
      six (6) month London Interbank Offered Rate (LIBOR) as published in the Wall
      Street Journal.

    

        
      (e)  "Current
      Index" means, with respect to each Interest Change Date, the most recent Index
      figure available as of the tenth (10th) day prior to such Interest Change
      Date.

     

        
(f)"Interest
      Change Date"
      means
September
      1, 2011 and
      each
March
      1st, and September 1st thereafter
      to and including March
      1, 2016

     

    

     

    REV.
      DATE 8/06

    PROM.
      NOTE - FIXED RATE/ADJ. (AMORTIZING)                   MAKER'S
      INITIALS: /s/CS
      mgr 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    (g)  "Payment
      Change Date" means October
      1,
      2011
      and each April 1st and
      October 1st
      thereafter to and including April 1, 2016.

    

    (h)  "Amortization
      Period" means a period of three
      hundred sixty (360) months
      commencing on September 1, 2006.

    

    (i)  "Remaining
      Amortization Period" means, with respect to each Payment Change
      Date, the number of months remaining in the Amortization Period as of the
      Interest Change Date
      immediately preceding such Payment Change Date.

    

    (j)  "Installment
      Payment Date"
      means
October
      1, 2006 and
      the
      first (1st) day of each month thereafter to and including August 1,
      2016.

    

    (k)  "Monthly
      Payment"
      means
      the total amount of the monthly installment payment of principal and interest
      due and payable under this Note on an installment Payment Date.

    

    (l)  "Loan
      Year" means (i) the period from the Disbursement Date to the first (1st)
      day
      of the first (1st) calendar month after the month in which the Disbursement
      Date
      occurs together
      with the
      consecutive twelve (12) calendar month period following such first (1st) day;
      and (ii) each consecutive twelve (12) calendar month period thereafter
      commencing on the anniversary of such first (1st) day.

    

    
      	2.2  	
              Interest.
                The Note Rate shall be computed as
                follows:

            

    

    

    (a)  Fixed
      Rate Interest Period. From
      the
      Disbursement Date to the first Interest Change Date after the end of the Fixed
      Rate Term, the Note Rate shall be equal to the Fixed Rate.

     

       
      (b)  Initial
      Interest Rate for Adiustable Interest Period. Subject
      ONLY
      to the
      lifetime maximum interest rate limitation specified in Section 2.3(a) below,
      effective as of the first Interest
      Change Date, the Note Rate shall be equal to the greater
      of the
      following rates (such greater rate
      is
      referred to as the "Initial Adjustable Interest Rate"):
      (i) a
      rate equal to the Current Index applicable to such
      first Interest Change Date plus two
      and one hundred thousandths (2.100) percentage
      points per
      annum
      (the "Spread"), rounded upward to the nearest one-thousandth (1/1,000) of one
      percentage point (0.001%); OR (ii) four
      and ninety-nine hundredths percent (4.99%) per
      annum.

    

     
(c) 
Adjustments
      to
      Interest Rate.
      Subject
      to the limitations contained in Section 2.3(b) below, the Holder shall increase
      or decrease the Note Rate in accordance with this Section 2.2(c) commencing
      with
      the second
      Interest
      Change Date. The new Note Rate which becomes effective on each such Interest
      Change Date shall be equal to the Current Index applicable to the Interest
      Change Date
      plus
      the Spread, rounded upward to the nearest one-thousandths (1/1,000) of one
      percentage point
      (0.001%).

    

    
      	2.3  	
              Limitations
                on Interest Rate
                Changes.

            

    

    

    (a)  Limitation
      to Interest Rate Adjustment on First Interest Change Date. Notwithstanding
      anything to the contrary contained in Section 2.2(b) above, and except as
      otherwise provided in Section 4 below, no change to the Note Rate shall be
      made
      on the first Interest Change Date to the extent that such change would result
      in
      an increase in the Note Rate above a rate that is equal to four
      (4.0) percentage points over
      the
      Fixed Rate.

    

    (b)  Limitationto
      Interest Rate Adjustments on Second and All 
      Subsequent
      Interest Change Dates. Notwithstanding
      anything to the contrary contained in Section 2.2(c) above, and except as
      otherwise provided in Section 4 below, no change to the Note Rate shall be
      made
      on the second
      and on
      any subsequent Interest Change Dates to the extent that such change
      (i)

     

        2                       MAKER'S
      INITIALS: /s/CS
      mgr

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    would
      result in an increase in the Note Rate above a rate that is equal to four
      (4.0) percentage points over
      the
      Fixed Rate; or (ii) would result in an increase in the Note Rate of more
      than one
      percent (1.0%) over
      the
      Note Rate that became effective on the immediately preceding Interest Change
      Date; or (iii) would result in a decrease in the Note Rate to a rate which
      is
      less than four
      and ninety-nine hundredths percent (4.99%) per
      annum.

    

    2.4     Payments. Principal
      and interest shall be due and payable as follows:

    

    (a)  Initial
      Interest Payment. A
      single
      installment payment of interest only for
      the
      period from the Disbursement Date to the first (1st) day of the first (1st)
      calendar month following
      the
      month in which the Disbursement Date occurs shall be due and payable on the
      Disbursement Date.

    

    (b)  Amortized
      Payments of Principal and Interest Durinq Fixed Rate Interest
      Period. Commencing
      on October
      1, 2006 and
      continuing on the first (1st)
      day of
      each month
      thereafter to and including the first (15`)
      day of
      the month immediately preceding the first Payment Change Date, principal and
      interest shall be due and payable in an amount sufficient to repay the principal
      balance of this Note over the Amortization Period, together with interest
      thereon, in equal monthly installments at the Fixed
      Rate.

    

       
      (c)  Amortized
      Payments of Principal and Interest During Adjustable Interest
      Period. Principal
      and interest shall be due and payable commencing on the first Payment Change
      Date and on each Installment Payment Date thereafter as follows: The Holder
      shall increase or decrease the Monthly Payment in accordance with this Section
      2.4(c) effective on each Payment Change Date. The Monthly Payment which shall
      be
      due and payable commencing on each Payment Change Date and on each Installment
      Payment Date thereafter until the next Payment Change Date shall be equal
      to
      the amount of the monthly payment that would be sufficient to repay the
      principal balance of this
      Note
      outstanding immediately preceding the Payment Change Date over the Remaining
      Amortization Period, together with interest thereon, in equal monthly
      installments at the Note Rate in effect on the Interest Change Date immediately
      preceding the Payment Change Date.

                       
      (d)  Payment
      on Maturity Date. The
      entire unpaid principal balance of this Note and all accrued and unpaid interest
      thereon shall be due and payable on September
      1, 2016.

    

    3.   Interest
      Computation. Notwithstanding
      anything to the contrary contained in this Note (including any references in
      this Note to amortized payments or the calculation of monthly principal and
      interest payments over the Amortization Period or Remaining Amortization
      Period), interest at the rates provided for in this Note shall be computed
      on
      the basis of a three hundred sixty (360) day year for the actual number of
      days
      during which the principal balance of this Note is outstanding. Maker
      acknowledges and agrees that the calculation of interest on the basis described
      in the preceding sentence
      may result in the accrual and payment of interest in amounts greater than those
      which would be payable
      if interest were calculated on the basis of a three hundred sixty-five (365)
      day
      year. All payments
      under
      this Note shall be made in immediately available funds and shall be credited
      first to accrued interest then due and thereafter to unpaid principal and then
      impound charges and other charges, fees, costs and expenses payable by Maker
      under this Note or in connection with the loan evidenced by this Note (the
      "Loan") in such order as the Holder may determine in its sole and absolute
      discretion. If any payment
      of interest is not made when due, at the option of the Holder of this Note,
      such
      interest payment
      shall
      bear interest at the same rate as principal from and after the due date of
      the
      interest payment. Principal and interest shall be payable only in lawful money
      of the United States of America.

    

    4.   After
      Maturity/Default Rate of Interest. From
      and
      after either (a) the occurrence of an Event of Default (whether or not the
      Holder has elected to accelerate unpaid principal and interest under
this
      Note
      as a result of such Event of Default); or (b) the maturity of this Note (whether
      the stated maturity
      date of
      this Note or the maturity date resulting from the Holder's acceleration of
      unpaid principal and interest), then in either of such circumstances, interest
      on the unpaid principal balance of this Note shall accrue
      at
      a rate equal to the lower of (a) the greater of (i) eighteen percent (18%)
      per
      annum; or (ii) five

     

         3                         MAKER'S
      INITIALS:
/s/CS
      mgr

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      percent
        (5%) per annum above the otherwise applicable rate of interest under Section
        2.2
        above; or (b)
        the
        maximum rate permitted by applicable law.

    

    

    5.  Late Charge. If
      any
      installment of interest, principal, or both principal and interest under
this
      Note
      is not paid within ten (10) days after the date on which it is due, Maker shall
      immediately pay a
      late
      charge equal to ten percent (10%) of such installment to the Holder to
      compensate the Holder for administrative
      costs and expenses incurred in connection with such late payment. Maker agrees
      that the
      actual
      damages suffered by the Holder because of any late installment payment are
      extremely difficult and impracticable to ascertain, and the late charge
      described in this Section represents a reasonable attempt to fix such damages
      under the circumstances existing at the time this Note is executed. The
Holder's
      acceptance of any late charge shall not constitute a waiver of any of the terms
      of this Note and
      shall
      not affect the Holder's right to enforce any of its rights and remedies against
      any Person liable for payment of this Note.

    

    6.  Waivers. Maker
      and
      all sureties, guarantors, endorsers and other Persons liable for payment
      of this Note (a) waive presentment, demand for payment, protest, notice of
      demand, dishonor, protest
      and nonpayment, and all other notices and demands in connection with the
      delivery, acceptance,
      performance, default under, and enforcement of this Note; (b) waive the right
      to
      assert any statute of limitations
      as a defense to the enforcement of this Note to the fullest extent permitted
      by
      law; (c) consent to
      all
      extensions and renewals of the time of payment of this Note and to all
      modifications of this Note by
      the
      Holder and Maker without notice to and without in any way affecting the
      liability of any Person for payment of this Note; (d) consent to any forbearance
      by the Holder and to the release, addition, and substitution of any Person
      liable for payment of this Note and of any or all of the security for this
      Note
without
      notice to and without in any way affecting the liability of any Person for
      payment of this Note; and (e)
      consent to personal jurisdiction over each of them by the courts of the state
      in
      which the Property is
      located
      in connection with any action arising under this Note and to service of process
      by any means authorized
      by the laws of the state in which the Property is located. Without limiting
      the
      generality of the
      preceding sentence, (i) any notice which the Holder may elect to give regarding
      any adjustment in the Note Rate made pursuant to the terms of this Note (any
      such adjustment is referred to as a "Note Rate Adjustment")
      (including any such notice contained in any billing statement issued by the
      Holder) shall not
      be
      construed as obligating Holder to notify Maker of any Note Rate Adjustment;
      and
      (ii) the Holder's failure
      to give, or delay in giving, notice of any Note Rate Adjustment to Maker shall
      not in any way impair or
      otherwise affect the validity or enforceability of such Note Rate Adjustment
      or
      Maker's obligation to pay
      interest
      pursuant to such Note Rate Adjustment under the terms of this Note.

    

    7.  Default. The
      Holder, at its option and without notice to or demand on Maker or any other
      Person,
      may terminate any or all obligations which it may have to extend further credit
      to Maker and may declare
      the entire unpaid principal balance of this Note and all accrued interest
      thereon to be immediately
      due and
      payable upon the occurrence
      of
      any Event of Default.

    

    8.  Application of Payments: Other Obligations. Upon
      the
      occurrence of any Event of Default,
      the Holder, at its option, (a) shall have the right to apply all payments made
      under this Note to
      principal, interest, impound charges, and other charges, fees, costs and
      expenses payable by Maker under
      this Note or in connection with the Loan in such order and amounts as the Holder
      may determine in its
      sole
      and absolute discretion; and (b) shall have the right to declare Maker to be
      in
      default under any or
      all
      other existing or future notes, obligations or agreements of Maker in favor
      of
      the Holder.

    

    9.  Acceleration: Transfer of Property. Reference
      is made to the deed of trust securing this
      Note
      (the "Deed of Trust") and the other documents executed by Maker in connection
      with the Loan for
      additional rights of the Holder to accelerate the unpaid principal balance
      and
      accrued interest under
      this
      Note. The Deed of Trust provides, in part, as follows:

    

    "Beneficiary
      shall have the right, at its option and without notice to or demand on Trustor,
      to declare any
      or all
      Obligations to be immediately due and payable if any of the following events
      occurs without Beneficiary's
      prior written consent: (a) the sale, conveyance, transfer, mortgage,
      encumbrance, lease or
      alienation of all or any part of the Property or any interest in the Property,
      whether voluntary or

     

     

                                            4              MAKER'S
      INITIALS:
/s/CS
      mgr

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    involuntary,
      or Trustor's grant of any option or agreement to effect any such transaction;
      (b) if Trustor or any General Partner or Manager of Trustor is a partnership,
      the admission, withdrawal, retirement or removal of any General Partner of
      Trustor or any of Trustor's General Partners or Managers, or the sale or
      transfer of more than twenty-five percent (25%) of the beneficial interests
      in
      Trustor or any of Trustor's General Partners or Managers; (c) if Trustor or
      any
      General Partner or Manager of Trustor is a corporation, the sale or transfer
      of
      an aggregate of more than twenty-five percent (25%) of any class of stock
      in
      such corporation or the issuance by such corporation of additional stock to
      any
      Person who is not
      a
      shareholder in such corporation as of the date of this Deed of Trust; (d) if
      Trustor or any General Partner or Manager of Trustor is a limited liability
      company, the appointment, withdrawal, retirement or removal of any Manager
      of
      Trustor or any of Trustor's General Partners or Managers or the sale or transfer
      of more than twenty-five percent (25%) of the beneficial interests in Trustor
      or
      any of Trustor's General Partners or Managers; (e) if Trustor or any of
      Trustor's General Partners or Managers is a corporation, partnership, or limited
      liability company, the dissolution or liquidation of Trustor or any of Trustor's
      General Partners or Managers; or (f) any change in the character or use of
      all
      or part of the Property,
      including drilling for or the extraction of oil, gas or any other hydrocarbon
      substance or the lease
      of all
      or any part of the Property for any such purpose. Without limiting the
      generality of any provision of this Deed of Trust (including Section 6.8 below),
      Beneficiary's consent to any or all of the events described in this Section
      may
      be withheld by Beneficiary in its sole and absolute discretion. Beneficiary's
      consent to any event described in this Section shall not be deemed to be a
      consent to, or a waiver of the right to require such consent for, any other
      event. For purposes of this Section, (i) the term 'partnership' includes a
      general partnership, limited partnership, limited liability partnership, and
      joint venture; and (ii) the
      term
      'Manager' means any Person who is acting as a manager of a limited liability
      company, including
      any
      member who is acting in such capacity."

     

    10.   Modifications: Cumulative Remedies: Loss of Note: Time of Essence.
      No modification
      or waiver by the Holder of any of the terms of this Note shall be valid or
      binding on the Holder unless such modification or waiver is in writing and
      signed by the Holder. Without limiting the generality of the preceding sentence,
      no delay, omission or forbearance by the Holder in exercising or enforcing
      any
      of its rights and remedies under this Note shall constitute a waiver of such
      rights or remedies. The Holder's rights and remedies under this Note are
      cumulative with and in addition to all other legal and equitable rights and
      remedies which the Holder may have in connection with the Loan. The headings
      to
      sections of this Note are for convenient reference only and shall not be used
      in
      interpreting this Note. If this Note is lost, stolen, or destroyed, upon Maker's
      receipt of a reasonably satisfactory indemnification agreement executed by
      the
      Holder, or if this Note is mutilated, upon the Holder's surrender of the
      mutilated Note to Maker, Maker shall execute and deliver to the Holder a new
      promissory
      note which is identical in form and content to this Note to replace the lost,
      stolen, destroyed or
      mutilated Note. All terms with an initial capital letter which are used but
      not
      specifically defined in this Note shall have the respective meanings given
      to
      such terms in the Deed of Trust. Time is of the essence in the performance
      of
      each provision of this Note by Maker.

    

    11.   Attorneys' Fees. If
      Maker
      defaults under any of the terms of this Note, Maker shall pay all costs and
      expenses, including without limitation attorneys' fees and costs, incurred
      by
      the Holder in enforcing this Note immediately upon the Holder's demand, whether
      or not any action or proceeding is commenced by the Holder. Without limiting
      the
      generality of the preceding sentence, such costs and expenses shall include
      all
      attorneys' fees and costs incurred by the Holder in connection with any federal
      or state bankruptcy, insolvency, reorganization, or other similar proceeding
      by
      or against Maker or any surety, guarantor or endorser of this Note which in
      any
      way affects the Holder's exercise of its rights and remedies under this Note
      or
      under the Deed of Trust or any other agreement securing payment of this
      Note.

    

    12.   No Offsets. No
      indebtedness evidenced by this Note shall be offset by all or part of any claim,
      cause of action, or cross-claim of any kind, whether liquidated or unliquidated,
      which Maker now has or may hereafter acquire or allege to have acquired against
      the Holder. To the fullest extent permitted by law, Maker waives the benefits
      of
      any applicable law, regulation, or procedure which provides, in substance,
      that
      where cross demands for money exist between parties at any point in time when
      neither demand is barred by the applicable statute of limitations, and an action
      is thereafter

     

                                            5                 MAKER'S
      INITIALS:
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    commenced
      by one such party, the other party may assert the defense of payment in that
      the
      two demands
      are compensated so far as they equal each other, notwithstanding that an
      independent action
      asserting the claim would at the time of filing the response be barred by the
      applicable statute of limitations.

    

    13.   Index.  
      If
      the
      Index ceases to be made available, the Holder shall select an alternate
Index
      which is based upon comparable information to the extent available and which
      is
      not subject to control
      or influence by the Holder and that, in the Holder's sole judgment, is not
      likely to result in the Note Rate
      being substantially different than if such prior Index had continued to be
      made
      available. In such event,
      the Holder shall adjust the percentage point spread set forth in Sections 2.2(b)
      and 2.3 above (the "Spread")
      based on the value of the substituted Index as of the last preceding date on
      which the interest rate
      was
      adjusted or, if no such adjustment has yet occurred, as of the date of this
      Note, such that the sum
      of
      the substituted Index and the adjusted Spread equals the sum of the prior Index
      plus the prior
      Spread.
      Maker acknowledges and agrees that (a) the Index represents an index which
      is
      quoted, published
      or announced from time to time as an index for variable interest rates; (b)
      the
      Index does not represent
      the lowest interest rate charged by the Holder; and (c) loans may be made by
      the
      Holder at,
      above,
      or below the Index.

    

    14.   Applicable
      Law; Prepayment Buv-Out Payment. This
      Note
      shall be governed by and interpreted
      in accordance with the laws of the State of Missouri. On the Disbursement Date,
      Maker shall pay
      to
      the Holder in immediately available funds an amount equal to one
      percent (1.0%) of
      the
      original principal
      face amount of this Note (such payment is referred to as the "Prepayment Buy-Out
      Payment").
      In
      consideration of Maker's payment of the Prepayment Buy-Out Payment to the
      Holder, the Holder agrees
      that Maker shall have the right to prepay all or part of the outstanding
      principal balance of this Note
      on
      any Installment Payment Date without payment to the Holder of any further
      prepayment charge or
      fee.
      Maker acknowledges and agrees that the Prepayment Buy-Out Payment shall be
      non-refundable
      under
      any circumstances and shall be deemed to be fully earned by the Holder on the
      Disbursement Date,
      whether or not Maker elects to prepay all or any part of this Note. MAKER
      ACKNOWLEDGES AND
      AGREES
      THAT THE HOLDER'S AGREEMENT TO MAKE THE LOAN ON THE TERMS AND WITH THE
      PREPAYMENT RIGHTS SET FORTH IN THIS NOTE CONSTITUTE ADEQUATE CONSIDERATION,
      OF
      INDIVIDUAL WEIGHT, FOR MAKER'S PAYMENT OF THE PREPAYMENT BUY-OUT PAYMENT TO
      THE
      HOLDER PURSUANT TO THIS SECTION. MAKER HAS SEPARATELY INITIALED THIS SECTION
      14
      TO EVIDENCE MAKER'S AGREEMENT WITH THE PROVISION CONTAINED IN THIS
      SECTION.

     

    /s/CS
      mgr

    MAKER'S
      INITIALS

     

    15.  Successors. This
      Note
      shall be the joint and several obligation of all Persons executing this
      Note
      as Maker and all sureties, guarantors, and endorsers of this Note, and this
      Note
      shall be binding
      upon
      each of such Persons and their respective successors and assigns, subject to
      Section 9 above. This Note shall inure to the benefit of the Holder and its
      successors and assigns.

     

    16.  WAIVER
      OF RIGHT TO JURY TRIAL. MAKER
      IRREVOCABLY WAIVES ALL RIGHTS TO A JURY TRIAL IN ANY ACTION, SUIT, PROCEEDING
      OR
      COUNTERCLAIM OF ANY KIND DIRECTLY OR INDIRECTLY ARISING OUT OF OR IN ANY WAY
      RELATING TO THE LOAN, THIS NOTE, THE DEED OF TRUST SECURING THIS NOTE, OR ANY
      OF
      THE OTHER DOCUMENTS EXECUTED BY MAKER IN CONNECTION WITH THE LOAN (COLLECTIVELY,
      THE "LOAN DOCUMENTS"),
      ANY OR
      ALL OF THE REAL AND PERSONAL PROPERTY COLLATERAL SECURING THE LOAN, OR ANY
      OF
      THE TRANSACTIONS WHICH ARE CONTEMPLATED BY THE LOAN DOCUMENTS. THE JURY TRIAL
      WAIVER CONTAINED IN THIS SECTION IS INTENDED TO APPLY, TO THE FULLEST EXTENT
      PERMITTED BY LAW, TO ANY AND ALL DISPUTES AND CONTROVERSIES THAT ARISE OUT
      OF OR
      IN ANY WAY RELATED TO ANY OR ALL OF THE MATTERS DESCRIBED IN THE PRECEDING
      SENTENCE, INCLUDING WITHOUT LIMITATION CONTRACT CLAIMS, TORT CLAIMS, AND ALL
      OTHER COMMON LAW AND STATUTORY CLAIMS

     

        6                        MAKER'S
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    OF
      ANY
      KIND. MAKER ACKNOWLEDGES AND AGREES THAT (1) MAKER HAS CAREFULLY READ AND
      UNDERSTANDS ALL OF THE TERMS OF THE LOAN DOCUMENTS; (2) MAKER HAS EXECUTED
      THE
      LOAN DOCUMENTS FREELY AND VOLUNTARILY, AFTER HAVING CONSULTED WITH MAKER'S
      INDEPENDENT LEGAL COUNSEL AND AFTER HAVING HAD ALL OF THE TERMS OF THE LOAN
      DOCUMENTS EXPLAINED TO IT BY ITS INDEPENDENT LEGAL COUNSEL OR AFTER HAVING
      HAD A
      FULL AND ADEQUATE OPPORTUNITY TO CONSULT WITH MAKER'S INDEPENDENT LEGAL COUNSEL;
      (3) THE WAIVERS CONTAINED IN THE LOAN DOCUMENTS ARE REASONABLE, NOT CONTRARY
      TO
      PUBLIC POLICY OR LAW, AND HAVE BEEN INTENTIONALLY, INTELLIGENTLY, KNOWINGLY,
      AND
      VOLUNTARILY AGREED TO BY MAKER; (4) THE WAIVERS CONTAINED IN THE LOAN DOCUMENTS
      HAVE BEEN AGREED TO BY MAKER WITH FULL KNOWLEDGE OF THEIR SIGNIFICANCE AND
      CONSEQUENCES, INCLUDING FULL KNOWLEDGE OF THE SPECIFIC NATURE OF ANY RIGHTS
      OR
      DEFENSES WHICH MAKER HAS AGREED TO WAIVE PURSUANT TO THE LOAN DOCUMENTS; (5)
      MAKER HAS HAD A FULL AND ADEQUATE OPPORTUNITY TO NEGOTIATE THE TERMS CONTAINED
      IN THE LOAN DOCUMENTS; (6) MAKER IS EXPERIENCED IN AND FAMILIAR WITH LOAN
      TRANSACTIONS OF THE TYPE EVIDENCED BY THE LOAN DOCUMENTS; AND (7) THE WAIVERS
      CONTAINED IN THE LOAN DOCUMENTS ARE MATERIAL INDUCEMENTS TO THE HOLDER'S
      EXTENSION OF CREDIT TO MAKER, AND THE HOLDER HAS RELIED ON SUCH WAIVERS IN
      MAKING THE LOAN TO MAKER AND WILL CONTINUE TO RELY ON SUCH WAIVERS IN ANY
      RELATED FUTURE DEALINGS WITH MAKER. THE WAIVERS CONTAINED IN THE LOAN DOCUMENTS
      SHALL APPLY TO ALL SUBSEQUENT EXTENSIONS, RENEWALS, MODIFICATIONS, AND
      REPLACEMENTS OF THE LOAN DOCUMENTS. THIS NOTE MAY BE FILED WITH ANY COURT OF
      COMPETENT JURISDICTION AS MAKER'S WRITTEN CONSENT TO MAKER'S WAIVER OF A JURY
      TRIAL. MAKER HAS INITIALED THIS SECTION BELOW TO INDICATE ITS AGREEMENT WITH
      THE
      JURY TRIAL WAIVER AND OTHER TERMS CONTAINED IN THIS SECTION.

    

    /s/CS
      mgr

    MAKER'S
      INITIALS

    

    17.  Security. 
      This
      Note
      is secured by a Deed of Trust dated the same date as this Note in
      favor of
      the Holder, as beneficiary.

    

    18.  Interest
      Rate Terms Conditioned on Loan Closing, Occurring Before
      Rate Expiration
      Date. Notwithstanding
      anything to the contrary contained in this Note, Maker acknowledges and
      agrees that (a) the interest rate or rates provided for in this Note are subject
      to and conditioned on the
      closing of the Loan and the recordation of the Deed of Trust in the Official
      Records of the County in which
      the
      Property is located (such actions are referred to collectively as the "Loan
      Closing") within five (5)
      business days after the date on which this Note has been forwarded or
      transmitted by the Holder to Maker
      or
      any escrow company or title company involved in the closing of the Loan (the
      last day of such five
      (5)
      business day period is referred to as the "Rate
      Expiration Date"); and (b) if for any reason the Loan
      Closing has not occurred on or before the Rate Expiration Date, then the Holder
      shall require that (i) the
      Note
      be re-drawn with such revisions to the interest rate terms as may be required
      by
      the Holder, in its
      discretion; and (ii) Maker shall be required to re-execute such re-drawn Note
      and deliver it to the Holder
      if
      Maker desires to proceed with the Loan transaction.

    

    7                    MAKER'S
      INITIALS: /s/CS
      mgr

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      

      SEE
        RIDER ATTACHED HERETO AND INCORPORATED HEREIN BY THIS REFERENCE FOR ADDITIONAL
        TERMS.

    

    

    MAKER:

    

    Northtown
      Business Center, L.L.C., a Missouri

    limited
      liability company

    

    

    By:
      /s/
      Chad Sneed

     Chad
      Sneed, Manager

    

    

    

    

    

    

    

    8                MAKER'S
      INITIALS: /s/CS
      mgrExhibit 4.2 Deed of Trust

     

    
       

      

RECORDING
      REQUESTED BY AND
      WHEN RECORDED MAIL TO:

     

    IMPERIAL
      CAPITAL BANK

    500
      North
      Brand Boulevard, Suite 2300

    Glendale,
      California 91203
      Attention:
      Angelica Munoz

     

    INSTRUCTIONS
      TO RECORDER:

    Index
      this document as (1) a deed of trust; (2)
      an
      assignment
      of
      rents; (3)
      a
      security agreement; and (4) a fixture filing

     

    [  
      ] IF THE PRECEDING BOX IS CHECKED, THIS IS A

    CONSTRUCTION
      TRUST DEED

     

    [logo]
      IMPERIAL

    CAPITAL
      BANK

     

      
        

      

    

    (Space
      above this line for Recorder's use)

     

    DEED
      OF TRUST, FIXTURE FILING, ASSIGNMENT OF

     

    RENTS.
      AND SECURITY AGREEMENT

     

    THIS
      DEED
      OF TRUST, FIXTURE FILING, ASSIGNMENT OF RENTS, AND SECURITY AGREEMENT (the
      "Deed
      of Trust") is made on August
      22, 2006, by
      Northtown
      Business Center, L.L.C., a Missouri limited liability company
("Trustor"),
      whose address is 104
      Armour Road, North Kansas City,
      Missouri
      64116, in
      favor
      of Husch Trustee, Inc., a Missouri corporation ("Trustee"), with an office
      located at 235
      East
      High
      Street, Jefferson City, Missouri 65101,
      for
      the
      benefit of IMPERIAL CAPITAL
      BANK ("Beneficiary"),
      whose principal office is located at 500
      North
      Brand Boulevard, Suite 2300,
      Glendale,
      California 91203.

     

    TRUSTOR
      IRREVOCABLY GRANTS, BARGAINS, SELLS, CONVEYS AND CONFIRMS, TRANSFERS AND
      ASSIGNS
      TO
      TRUSTEE, IN TRUST, WITH POWER OF SALE and right of entry and possession, all
      of
      Trustor's present and future estate, right, title and interest in and to the
      following described property (collectively, the "Property"):

     

    (A)  The
      following described real property located in the City of North
      Kansas City,
      County of Clay, State of Missouri (the "Land"):

     

    See
      Exhibit "A" attached hereto and incorporated herein by this
      reference.

     

     

    The
      street or common address of the Land is 105
      West 26th Avenue (130 West 23rd Avenue and 115 West 26th Avenue), North
Kansas
      City, Missouri 64116; and

    

    (B)  All
      Buildings, Fixtures, Easements, Rents and Profits, Development Rights, Water
      Rights, Mineral Rights, and Crops (as each of such terms is defined in Article
      1
      of this Deed of Trust).

     

    THIS
      DEED
      OF TRUST SECURES THE FOLLOWING INDEBTEDNESS AND OBLIGATIONS (collectively,
      the
      "Obligations") in such order of priority as Beneficiary may from time to time
      elect:

     

    (1)  Payment
      and performance of Trustor's indebtedness and obligations under the promissory
      note of even date herewith
      in the original face principal amount of Three
      Million One Hundred Fifty
      Thousand
      and 00/100 Dollars ($3,150,000.00) executed
      by Trustor and payable to Beneficiary, or order, and all extensions, renewals,
      modifications, and replacements thereof (collectively, the "Note"); 

     

     

     

    REV.
      DATE 6/04 (MISSOURI)                                          TRUSTOR'S
      INITIALS: /s/
      CS mgr.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (2)  Payment
      and performance of Trustor's indebtedness and obligations under this Deed of
      Trust and all extensions, renewals, and modifications of this Deed of
      Trust;

    

    (3)  Payment
      of all sums of money which may be advanced by, or otherwise due to, Trustee
      or
      Beneficiary under any provision of this Deed of Trust or to protect the security
      of this Deed of Trust, with interest thereon at the rate provided in this Deed
      of Trust;

    

    (4)  Payment
      and performance of Trustor's indebtedness and obligations under the Building
      Loan Agreement or Loan Agreement, if any, of even date herewith between Trustor
      and Beneficiary which states that it is secured by this Deed of Trust and all
      extensions, renewals, and modifications thereof (the "Loan
      Agreement");

    

    (5)  Payment
      and performance of all indebtedness and obligations owing on account of each
      future loan that Beneficiary may elect to make to Trustor or the record owner
      of
      the Land when the promissory note evidencing such loan specifically states
      that
      it is secured by this Deed of Trust, and all extensions, renewals,
      modifications, and replacements thereof (such loans are referred to individually
      as a "Future Advance" and collectively as the "Future Advances");
      and

    

    (6)  Payment
      and performance of Trustor's indebtedness and obligations under all other
      existing and future agreements executed by Trustor in connection with the loan
      evidenced by the Note (the "Loan") or in connection with any Future Advance,
      with interest thereon at the rate provided in such agreements, when such
      agreement specifically states that it is secured by this Deed of Trust, and
      all
      extensions, renewals, and modifications of such agreements.

    

    FOR
      VALUABLE CONSIDERATION, Trustor agrees as follows:

     

    ARTICLE
      1

    

    DEFINITIONS

    

    For
      purposes of this Deed of Trust, the following terms shall have the following
      definitions:

    

    1.1 Books
      and Records. "Books
      and Records" means all books and records relating to the design, construction,
      improvement, development, use, ownership, operation, maintenance, repair, or
      marketing of the Property, including (a) records reflecting the results of
      operation of the Property; (b) all Leases and other documents relating to the
      Property; and (c) Trustor's federal income tax returns for the year in which
      the
      Loan is made and each subsequent year that the Loan is outstanding.

    

    1.2
      Buildings. "Buildings"
      means all buildings, structures and other improvements now existing or hereafter
      located on the Land.

    

    1.3 Commercial
      Project. "Commercial
      Project" means a multifamily residential project or a retail, commercial or
      industrial project.

    

    1.4
      Condemnation
      Claims.
      "Condemnation Claims" means all claims, actions, causes of action, demands,
      liens, rights, judgments, settlements, awards, compensation, and damages of
      every kind and nature which Trustor now has or which may hereafter accrue
      against any Person, whether arising in tort, by contract or statute, or in
      any
      other manner, which in any way directly or indirectly relate to or arise out
      of
      any condemnation of the Property or other taking of the Property for public
      or
      quasi-public use by eminent domain or to the transfer of the Property in lieu
      of
      condemnation or any such taking.

    

    1.5
      Condemnation
      Proceeds. "Condemnation
      Proceeds" means all proceeds of the Condemnation Claims, including all money,
      deposit accounts, accounts, notes, drafts, instruments, documents, and all
      other
      tangible and intangible property resulting from the payment, collection of,
      recovery on, or other disposition of any or all of the Condemnation
      Claims.

    

    1.6
      Covenants
      and Restrictions. "Covenants
      and Restrictions" means all covenants, conditions, restrictions, equitable
      servitudes, and all other similar matters now or hereafter affecting the
      Property, including any condominium, planned unit development, or cooperative
      apartment declaration of covenants, conditions and restrictions, by-laws,
      articles, rules, and regulations to which Trustor or the Property is subject
      or
      bound.

    

    1.7
      Crops.
      "Crops"
      means all crops, trees and vines now or hereafter growing on the
      Land.

     

    1.8 Development
      Rights.
      "Development Rights" means all existing and future development rights,
      development credits, air rights, and options of any kind relating to the
      Property.

     

    1.9 Easements. "Easements"
      means all existing and future easements, rights of way,
      licenses,
      and similar rights relating or appurtenant to the Property and all existing
      and
      future rights in or to streets, roads, sidewalks, alleys, strips and gores
      adjoining or used in connection with the Property.

     

            
      1.10 Event
      of Default.
      "Event
      of Default" means any of the events described in Article 3 of this Deed of
      Trust.

     

    2   TRUSTOR'S
      INITIALS: /s/
      CS mgr.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    1.11
      Fixtures.
      "Fixtures" means all fixtures, machinery, equipment, building materials, and
      appliances now or hereafter located in, on, attached or affixed to, or used
      in
      connection with the Land or the Buildings, including all systems for the supply
      or distribution of heat, air conditioning, electricity, gas, water, air or
      light; elevators, escalators and related machinery and equipment; fire
      prevention and extinguishing equipment and water sprinkler systems; security
      and
      access control equipment; water heaters, showers, bathtubs, tanks, pumps,
      toilets, sinks, pipes, and other plumbing fixtures and equipment; stoves,
      ranges, refrigerators, dishwashers, and disposals; laundry equipment; engines,
      motors, generators, boilers, furnaces, and incinerators; wall, window, and
      floor
      coverings, including screens, shades, drapes, and awnings; partitions, doors,
      windows, cabinets, bookcases, and hardware; janitorial, maintenance, and waste
      and rubbish removal equipment; recreational equipment; signs; switchboards,
      telephone systems, and other communication equipment; television, radio, and
      computer cables, antennae, and other equipment; chandeliers and other light
      fixtures; trees, plants and other landscaping; and all attachments,
      substitutions, accessories, accessions, replacements,
      improvements, and additions to any or all of the foregoing, all of which shall
      conclusively be deemed to be part of the
      Land and
      Buildings and conveyed by this Deed of Trust, whether or not affixed or attached
      to the Land.

     

    1.12 Governmental
      Authorities.
      "Governmental Authorities" means (a) the United States; (b) the state, county,
      city, or other political subdivision in which the Land is located; (c) all
      other
      governmental or quasi-governmental authorities, boards, bureaus, agencies,
      commissions, departments, administrative tribunals, and other instrumentalities
      or authorities; and (d) all judicial authorities and public utilities having
      or
      exercising jurisdiction over Trustor or the Property.

     

    1.13
      Governmental
      Permits. "Governmental
      Permits" means all permits, approvals, and authorizations now or hereafter
      issued by all Governmental Authorities for or in connection with the design,
      construction, improvement, development, use,
      ownership, operation, maintenance, repair, or marketing of the Property,
      including grading permits, foundation permits, building permits, tentative
      subdivision map approvals, zone changes, zone variances, conditional use
      permits, temporary certificates of occupancy, and final certificates of
      occupancy.

     

    1.14
      Governmental
      Requirements. "Governmental
      Requirements" means all existing and future laws, ordinances, rules,
      regulations, orders, and requirements of all Governmental Authorities applicable
      to Trustor or the Property, including those respecting
      the design, construction, improvement, development, use, ownership, operation,
      maintenance, repair, or marketing of the
      Property.

     

    1.15 Ground
      Lease. "Ground
      Lease" means any lease agreement creating a leasehold estate which is now or
      hereafter encumbered by this Deed of Trust.

     

    1.16 Guaranties. "Guaranties"
      means the guaranty agreement or agreements executed by the
      Guarantors.

     

    1.17 Guarantors. "Guarantors"
      means the Person or Persons, if any, now or hereafter guaranteeing payment
      of
      the Note or payment or performance of any or all of the other
      Obligations.

    

    1.18 Impositions. "Impositions"
      means all (a) Taxes; (b) Insurance Premiums; (c) gas, electricity, water, sewer,
      and other utility charges which are incurred for the benefit of the Property
      or
      which may become a lien against the Property; (d) assessments, charges, and
      fees
      imposed pursuant to any Covenants and Restrictions; (e) assessments, charges
      and
      fees payable with respect to any Easements, Water Rights or Development Rights;
      (f) principal, interest, and other amounts payable in connection with any Liens;
      (g) rents and other amounts payable under any Ground Lease; and (h) such other
      taxes, charges, premiums, assessments and impositions relating to the Property,
      the payment of which Beneficiary determines to be necessary to protect
      Beneficiary's security for the Obligations.

    

    1.19
      Improvements. "Improvements"
      means the Buildings and Fixtures, collectively.

     

    1.20 Insurance
      Claims.
      "Insurance Claims" means all claims, actions, causes of action, demands, liens,
      rights, judgments, settlements, awards, compensation, and damages of every
      kind
      and nature which Trustor now has or which may hereafter
      accrue against any Person, whether arising in tort, by contract or statute,
      or
      in any other manner, which in any way directly
      or
      indirectly relate to or arise under any policy of insurance which Trustor
      maintains with respect to the Property or which Trustor is required to maintain
      under this Deed of Trust (collectively, the "Insurance Policies").

     

    1.21
      Insurance
      Proceeds. "Insurance
      Proceeds" means all proceeds of the Insurance Claims, including all money,
      deposit accounts, accounts, notes, drafts, instruments, documents, and all
      other
      tangible and intangible property resulting from the payment, collection of,
      recovery on, or other disposition of any or all of the Insurance
      Claims.

     

    1.22
      Insurance
      Premiums. "Insurance
      Premiums" means all premiums and other amounts payable in connection with
      procuring or maintaining the Insurance Policies.

     

    1.23
      Leases.
      "Leases"
      means all existing and future rental agreements, leases, licenses, concessions,
      occupancy agreements, and other similar agreements affecting the Property,
      including all subleases at any level.

     

    1.24
      Liens.
      "Liens"
      means all mortgages, deeds of trust, mechanics' liens, and other liens and
      encumbrances of every kind and nature, other than this Deed of Trust, now or
      hereafter affecting the Property.

    

    

    3   TRUSTOR'S
      INITIALS: /s/
      CS mgr.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    1.25 Loan
      Documents.
      "Loan
      Documents" means the Note, this Deed of Trust, the Loan Agreement, if any,
      all
      promissory notes evidencing any Future Advances, all other documents secured
      by
      this Deed of Trust, and all other documents executed by Trustor or any of the
      Guarantors and delivered to Beneficiary at Beneficiary's request in connection
      with the Loan or any Future Advance, and all extensions, renewals,
      modifications, and replacements of such documents.

     

    1.26
      Mineral
      Rights.
      "Mineral
      Rights" means alf existing and future right, title, and interest in and to
      all
      minerals, oil, gas and other hydrocarbon substances in or on the
      Property.

     

    1.27 Person. "Person"
      means any natural person or any entity, including any corporation, partnership,
      joint venture, limited liability company, trust, unincorporated organization,
      trustee, or Governmental Authority.

     

    1.28
      Property
      Claims.
      "Property Claims" means all claims, actions, causes of action, demands, liens,
      rights, judgments, settlements, awards, compensation, and damages of every
      kind
      and nature (other than the Insurance Claims and Condemnation Claims) which
      Trustor now has or which may hereafter accrue against any Person, whether
      arising in tort, by contract or statute, or in any other manner, which in any
      way directly or indirectly relate to or arise out of any or all of the
      following: (a) the Property; (b) any existing or future fact, matter,
      occurrence, or transaction relating to the Property; or (c) the design,
      construction, improvement, development, use, ownership, operation, maintenance,
      repair or marketing of the Property.

     

    1.29
      Property
      Proceeds.
      "Property Proceeds" means all proceeds of the Property Claims, including all
      money, deposit accounts, accounts, notes, drafts, instruments, documents, and
      all other tangible and intangible property resulting from the payment,
      collection of, recovery on, or other disposition of any or all of the Property
      Claims.

     

    1.30
      Rents
      and Profits.
      "Rents
      and Profits" means all existing and future rents, royalties, issues, profits,
      proceeds, revenues, income and other benefits of the Property and all Leases,
      including all security deposits and prepaid rent.

     

    1.31 Taxes. "Taxes"
      means (a) all taxes, bonds, levies and assessments now or hereafter affecting
      the Property, including all general and special real and personal property
      taxes, bonds, and assessments affecting the Property; (b) all other taxes,
      bonds, levies and assessments which now are or hereafter may become a lien
      on
      the Property, including all income, profits, franchise, withholding, and gross
      receipt taxes; (c) all other charges now or hereafter imposed on or assessed
      against the Property by any Governmental Authority or arising with respect
      to
      the design, construction, improvement, development, use, ownership, operation,
      maintenance, repair or marketing of the Property; and (d) all taxes, bonds,
      levies, and assessments now or hereafter imposed by any Governmental Authorities
      on Trustee or Beneficiary by reason of their respective interests in this Deed
      of Trust, the Note, or any promissory note evidencing a Future Advance,
      excluding any franchise, estate, inheritance, income, or similar tax imposed
      on
      Beneficiary or Trustee.

     

    1.32
      Tenants.
      "Tenants" means all tenants and occupants of the Property under the
      Leases.

     

    1.33
      Water
      rights.
      "Water
      rights" means all existing and future water, water rights (whether riparian,
      appropriative, or otherwise, and whether or not appurtenant), and all water
      stock relating to the Property.

     

    ARTICLE
      2

     

    COVENANTS
      OF TRUSTOR

     

    2.1
      Performance
      of Secured Obligations. Trustor
      shall pay and perform each and all of the Obligations in accordance
      with their respective terms.

     

    2.2
      Preservation
      of the Property. Trustor
      (a) shall maintain the Property in good condition and repair; (b) shall promptly
      repair and restore in a good and workmanlike manner any part of the Property
      which may be damaged or destroyed, whether or not any Insurance Proceeds are
      adequate to pay for the cost of such repair and restoration; (c) shall comply
      and cause the Property to comply with the provisions of all Insurance Policies;
      (d) shall comply and cause the Property to comply with all Governmental
      Requirements; (e) shall comply and cause the Property to comply with all
      Covenants and Restrictions; (f) shall maintain in effect all Governmental
      Permits; (g) shall not initiate, join in or consent to any change in the zoning,
      general plan, specific plan, or any other land use classification affecting
      the
      Property or any Covenant or Restriction without the prior written consent of
      Beneficiary; (h) shall not remove, demolish, improve, add to, or alter the
      Improvements (excluding non-structural alterations which preserve or increase
      the value of the Property) or change the character or use of the Property
      without the prior written consent of Beneficiary; (i) shall not commit or permit
      any waste respecting the Property or impairment of the Property; (j) shall
      not
      abandon the Property; (k) shall not commit or permit any act upon the Property
      in violation of any Governmental Requirements; (I) shall promptly complete
      in a
      good and workmanlike manner all Improvements which Trustor commences to
      construct on the Land; and (m) shall paint, cultivate, irrigate, fertilize,
      fumigate, prune, maintain and do all other acts, in a timely and proper manner,
      which from the character or use of the Property may be necessary or appropriate
      to preserve, protect and maintain the value of the Property.

     

    2.3
      Insurance.
      Trustor
      shall at all times maintain in full force (a) fire and extended coverage all
      risk insurance, together with such endorsements as Beneficiary may require,
      including vandalism, malicious mischief, earthquake, and flood coverage; (b)
      commercial general liability insurance; and (c) such other types of insurance
      as
      may from time to time be required by

    

    

    

    4   TRUSTOR'S
      INITIALS: /s/
      CS mgr.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Beneficiary,
      including business interruption insurance, rental loss insurance, and workers'
      compensation insurance. Each of the Insurance Policies, including the amounts,
      form, coverage, deductibles, insurer and loss payable and cancellation
      provisions, shall be acceptable to Beneficiary. Without limiting any of the
      terms of this Section, (i) each of the Insurance Policies shall provide that
      it
      may be canceled or modified only upon not less than thirty (30) days prior
      written notice to Beneficiary; (ii) the fire and extended coverage and other
      casualty insurance policies which Trustor is required to maintain under this
      Deed of Trust shall contain a mortgagee's
      loss payable endorsement acceptable to Beneficiary naming Beneficiary as loss
      payee and shall be written with liability
      in an
      amount equal to the greater of the original face principal amount of the Note
      or
      the full replacement cost of the improvements, subject to applicable legal
      limitations on the amount of such insurance which may be required by
      Beneficiary; and (iii) the comprehensive
      general liability policy which Trustor is required to maintain shall name
      Beneficiary as an additional insured and shall
      be
      primary and noncontributing with any insurance maintained by
      Beneficiary.

     

    2.4
      Insurance
      Policies.
      Upon
      Beneficiary's request, Trustor shall deliver to Beneficiary the originals of
      all
      Insurance Policies together with receipts for the full payment of all Insurance
      Premiums, and Beneficiary shall have the right to hold such policies as long
      as
      any Obligations are outstanding. By approving, disapproving, accepting,
      obtaining or failing to obtain any Insurance Policies, Beneficiary shall not
      be
      liable or responsible for the suitability, adequacy, enforceability, validity,
      amount, form, or
      content of any Insurance Policies, the solvency of any insurer, or the
      collection of any Insurance Proceeds, and Trustor shall at all
      times
      have full responsibility for all of such matters. Not later than thirty (30)
      days prior to the expiration of each of the Insurance Policies, Trustor shall
      deliver to Beneficiary a policy or policies renewing or extending the expiring
      Insurance Policies together with written evidence showing payment of the
      Insurance Premiums for such policies. If Trustor fails to deliver any of the
      Insurance Policies to Beneficiary in accordance with this Deed of Trust, or
      if
      any of the Insurance Policies is canceled, Beneficiary, without notice to or
      demand upon Trustor, shall have the right to obtain such insurance in such
      form,
      content and amount and with such insurer as Beneficiary determines to be
      necessary or appropriate to protect its interest. Without limiting any other
      provision of this Deed
      of
      Trust, all premiums and other costs and expenses paid or incurred by Beneficiary
      in connection with Beneficiary's obtaining
      any
      Insurance Policies under this Section shall be payable by Trustor to Beneficiary
      on Beneficiary's demand. Notwithstanding anything to the contrary contained
      in
      the Loan Documents, if Beneficiary elects to obtain any Insurance Policies
      as a
      result of Trustor's breach of its obligation to maintain such Insurance Policies
      in accordance with the terms of this Deed of Trust or the other Loan Documents
      (including as a result of Trustor's failure to timely provide Beneficiary with
      evidence acceptable to Beneficiary of the existence, renewal or extension of
      any
      Insurance Policies), then in addition to all other amounts that may be payable
      by Trustor to Beneficiary under the terms of this Deed of Trust as a result
      of
      such breach, Trustor shall also pay to Beneficiary upon Beneficiary's demand
      a
      non-refundable administrative fee equal to $100.00 (the "Administrative Fee").
      Trustor agrees that the actual administrative costs and expenses incurred by
      Beneficiary because of any failure by Trustor to maintain the Insurance Policies
      or to provide Beneficiary with evidence of the existence, renewal or extension
      of any Insurance Policies are extremely difficult and impracticable to
      ascertain, and the Administrative Fee described in this Section represents
      a
      reasonable attempt to fix such costs and expenses under the circumstances
      existing at the time this Deed of Trust is executed. If Trustor fails to timely
      provide Beneficiary with evidence acceptable to Beneficiary of the existence,
      renewal or extension of any Insurance Policies, such Administrative Fee and
      the
      other amounts provided for in this Section nevertheless shall be payable by
      Trustor to Beneficiary upon Beneficiary's
      demand, even if Trustor has in fact obtained, renewed, or extended such
      Insurance Policies. Beneficiary's acceptance
      of any
      such Administrative Fee shall not constitute a waiver of any breach by Trustor
      of its obligation to maintain the Insurance Policies or of any of the other
      terms of the Loan Documents and shall not affect Beneficiary's right to enforce
      any of its rights and remedies against Trustor or any other Person under the
      Loan Documents. Neither Trustee nor Beneficiary shall be obligated to obtain
      or
      maintain any policy of insurance with respect to the Property. All Insurance
      Policies relating to the Property and all unearned Insurance Premiums shall
      automatically inure to the benefit of and be deemed to be assigned to the
      grantee of the Property
      at any judicial or nonjudicial foreclosure sale under this Deed of Trust or
      by
      any deed in lieu of foreclosure under this Deed
      of
      Trust.

     

    2.5
      Assignment
      of Insurance Claims and Proceeds. To
      secure
      the Obligations, Trustor grants, transfers, and assigns to Beneficiary the
      Insurance Claims and Insurance Proceeds.

     

    2.6
      Assignment
      of Condemnation Claims and Proceeds and Other Claims. To
      secure
      the Obligations, Trustor grants, transfers, and assigns to Beneficiary the
      Condemnation Claims, Condemnation Proceeds, Property Claims, and Property
      Proceeds.

     

    2.7
      Payment
      of Proceeds. Trustor
      shall cause all Insurance Proceeds, Condemnation Proceeds and Property Proceeds
      (collectively, the "Proceeds") to be paid or delivered directly to Beneficiary.
      Beneficiary shall at all times have the right but not the obligation (a) to
      demand, collect, accept, receive and give receipts for any and all of the
      Proceeds; and (b) to direct any Person to pay or deliver any or all of the
      Proceeds directly to Beneficiary. Nothing contained in this Deed of Trust shall
      be deemed to obligate Beneficiary to make any inquiry as to the sufficiency
      of
      any Proceeds received by Beneficiary. If for any reason Trustor receives any
      Proceeds, Trustor (i) shall immediately pay or deliver such Proceeds to
      Beneficiary in the original form in which received by Trustor; (ii) shall
      endorse, with recourse, all checks, drafts, money orders, notes, and other
      instruments or documents representing
      such Proceeds to Beneficiary; (iii) shall not commingle such Proceeds with
      any
      of Trustor's other funds or property; and
      (iv)
      shall hold such Proceeds separate and apart from its other funds and property
      in
      an express trust for Beneficiary until paid or delivered to
      Beneficiary.

    

    2.8
      Prosecution
      and Settlement of Claims. Prior
      to
      the occurrence of any Event of Default, Trustor shall have a license to
      prosecute and enforce the Insurance Claims, Condemnation Claims, and Property
      Claims (collectively, the "Claims"). Beneficiary shall at all times have the
      right to appear in, defend, and prosecute any action or proceeding arising
      out
      of or relating to any or all of the Claims if Beneficiary determines that such
      action is necessary or appropriate to protect Beneficiary's interest in
      connection with the Obligations. Upon the occurrence of an Event of Default,
      Trustor's license to prosecute and enforce the Claims

    

    

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    shall
      be
      revoked upon, and to the extent provided in, notice by Beneficiary to Trustor.
      Following such revocation, Beneficiary, at its option, shall have the exclusive
      right to prosecute and enforce any or all of the Claims to the extent provided
      in Beneficiary's notice of
      revocation and to compromise, adjust, settle or dismiss any or all of the
      Claims, whether or not Beneficiary has taken possession
      of the
      Property. Without Beneficiary's prior written consent, Trustor shall not (a)
      sell, transfer, pledge, hypothecate or otherwise dispose of or abandon any
      or
      all of the Claims; or (b) compromise, adjust, settle, or dismiss any or all
      of
      the Claims.

     

    2.9
      No
      Liability by Beneficiary. Nothing
      contained in this Deed of Trust shall be deemed to obligate Beneficiary to
      prosecute or enforce any or all of the Claims nor shall Beneficiary have any
      liability or responsibility for any failure or delay by Beneficiary in
      prosecuting or enforcing any or all of the Claims or to collect any or all
      of
      the Proceeds. Trustor shall at all times have the right to determine and follow
      its own policies and practices in the conduct of its business, subject to the
      terms and conditions of the
      Loan
      Documents. Nothing contained in this Deed of Trust nor Beneficiary's receipt
      of
      any Proceeds shall result in any obligation
      or
      liability by Beneficiary for the performance or observance of any of the terms
      of any document or Insurance Policies relating to any or all of the Claims
      or
      the Proceeds.

     

    2.10
      Application
      of Proceeds. Beneficiary,
      at its option, shall have the right (a) to apply any or all Proceeds received
      by
      Beneficiary to any or all of the Obligations in such order and manner as
      Beneficiary shall determine, whether or not such Obligations are then due and
      payable and without regard to the adequacy or impairment of the security for
      the
      Obligations; (b) to release any or all of the Proceeds received by Beneficiary
      for payment of the costs of repair or reconstruction of the Property on such
      terms and conditions as may be acceptable to Beneficiary; or (c) to release
      any
      or all of the Proceeds received by Beneficiary to Trustor on such terms and
      conditions as may be acceptable to Beneficiary. If and to the extent that the
      Note provides for Trustor's
      payment of a prepayment charge, such prepayment charge shall not apply with
      respect to principal prepayments resulting
      from
      Beneficiary's election to apply any Proceeds to the outstanding principal
      balance of the Note. Provided that no Event of Default has occurred and is
      continuing, Beneficiary shall permit Insurance Proceeds to be used for the
      repair and reconstruction of the
      Project, provided that the cost of such repair or reconstruction does not exceed
      fifty percent (50%) of the full replacement cost of
      the
      Project and the conditions contained in Section 2.11 below are satisfied, as
      reasonably determined by Beneficiary.

     

    2.11
      Release
      of Proceeds for Reconstruction. Without
      limiting the generality of Section 2.10 above, Trustor agrees that if
      Beneficiary elects to release any Proceeds for repair or reconstruction of
      the
      Property, at Beneficiary's option, such release shall be conditioned on
      Trustor's satisfaction of the following conditions within sixty (60) days after
      the occurrence of the damage requiring the repair or reconstruction: (a)
      Trustor's deposit with Beneficiary of such funds in addition to the Proceeds
      as
      Beneficiary determines to be necessary to pay all direct and indirect costs
      relating to the repair or reconstruction of the Property; (b) the establishment
      of a procedure acceptable to Beneficiary for Beneficiary's disbursement of
      the
      Proceeds; (c) Beneficiary's receipt and
      approval
      of final plans and specifications and a cost breakdown for the repair or
      reconstruction of the Property; (d) Beneficiary's receipt and approval of (i)
      a
      general construction contract for the repair or reconstruction of the Property
      executed by Trustor and a contractor
      acceptable to Beneficiary; and (ii) payment and performance bonds written on
      such general contractor issued by a surety
      acceptable to Beneficiary; (e) evidence acceptable to Beneficiary that (i)
      the
      repair and reconstruction of the Property can be completed
      and a final and unconditional certificate of occupancy for the Property can
      be
      issued not later than thirty (30) days before
      the
      maturity date of the Note; (ii) upon completion of the repair or reconstruction
      of the Property, the income from the Property will be sufficient to pay all
      Impositions, operating expenses of the Property and installment payments due
      in
      connection with the Loan and any Future Advances; (iii) leases acceptable to
      Beneficiary will be in effect or remain in effect upon completion of the repair
      or reconstruction of the Property; (iv) upon completion of the repair or
      reconstruction of the Property, the fair market value of the Property will
      be at
      least as great as it was prior to the date on which the damage or condemnation
      occurred as shown in an appraisal acceptable to Beneficiary; (v) there has
      been
      no adverse change in the financial condition of Trustor or any Guarantors since
      the date of this Deed of Trust; and (vi) no Event of Default exists; and (f)
      such additional conditions as Beneficiary may establish.

     

    2.12
      Taxes
      and Impositions. Trustor
      (a) shall pay all Taxes at least ten (10) days before delinquency; and (b)
      shall
      pay all other Impositions when due. Upon Beneficiary's request, Trustor shall
      deliver to Beneficiary receipts and such other substantiating documentation
      as
      may be required by Beneficiary to evidence payment of all Impositions by Trustor
      in accordance with this Section. Pursuant to Mo. Rev. Stat. §427.120, Trustor
      acknowledges receipt of the following notice: "Unless you [Trustor] provide
      evidence of the insurance coverage required by your agreement with us
      [Beneficiary], we may purchase insurance at your expense to protect our
      interests in your collateral. This insurance may, but need not, protect your
      interests. The coverage that we purchase may not pay any claim that you make
      or
      any claim that is made against you in connection with the collateral. You may
      later cancel any insurance purchased by us, but only after providing evidence
      that you have obtained insurance as required by our agreement. If we purchase
      insurance for the collateral, you will be responsible for the costs of that
      insurance, including the insurance premium, interest and any other charges
      we
      may impose in connection with the placement of the insurance, until the
      effective date of the cancellation or expiration of the insurance. The costs
      of
      the insurance may be added to your total outstanding balance or obligation.
      The
      costs of the insurance may be more than the cost of insurance you may be able
      to
      obtain on your own."

     

    If
      Trustor fails to maintain any insurance required hereunder or under the other
      Loan Documents or fails to provide evidence of such insurance as required
      hereunder or under the other Loan Documents, Beneficiary may, but shall not
      be
      obligated to, purchase such required insurance at Trustor's expense to protect
      its interests in the Property. This insurance may, but need not, protect the
      Trustor's interests in the Property. The coverage that Beneficiary purchases
      shall not be required to pay any claim that the Trustor makes or any claim
      that
      is made against the Trustor in connection with the Property. The Trustor may
      later cancel any insurance purchased by Beneficiary, but only after providing
      evidence that the Trustor has obtained the insurance required hereunder and
      under any other Loan Document. If Beneficiary purchases insurance for the
      Property, Trustor will be responsible for the costs of the insurance, including
      the insurance premium, interest thereon from the date of each such payment
      or
      expenditure at the then applicable rate under the Note and any other charges
      Beneficiary may impose in connection with the placement of the

    

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      insurance,
        until the effective date of the cancellation or expiration of the insurance.
        All
        sums so paid or expended by Beneficiary, the interest thereon and the other
        charges in connection therewith shall be added to the Obligations and shall
        be
        secured by the lien of this Deed of Trust. The costs of the insurance obtained
        by the Beneficiary may be more than the cost of insurance Trustor may be
        able to
        obtain on its own. Unless Beneficiary otherwise agrees in writing, the Trustor
        shall pay to Beneficiary the full costs of such insurance, together with
        the
        accrued interest thereon and the other charges in connection therewith, within
        thirty (30) days after "Notice of Placement of Insurance" as required by
        Mo.
        Rev. Stat. 427.125.

    

    

    2.13
      Impounds.

     

    (a)  Impound
      Account.
      If
      Trustor fails to pay any of the Impositions when due, upon ten (10) days prior
      written notice by Beneficiary to Trustor, Beneficiary, at its option, shall
      have
      the right to require Trustor to deposit with Beneficiary, in monthly
      installments, an amount equal to one-twelfth (1/12th) of the estimated aggregate
      annual Impositions, as determined by Beneficiary. If Beneficiary exercises
      its
      right to require Trustor to make such deposits with Beneficiary, Trustor shall
      deliver to Beneficiary all bills, statements, and invoices relating to the
      Impositions immediately upon Trustor's receipt of such items. The amounts
      deposited by Trustor with Beneficiary pursuant to this Section 2.13
      (collectively, the "Impound Funds") (i) shall not be deemed to be held by
      Beneficiary in trust or as agent of Trustor; (ii) shall not bear interest,
      except as otherwise expressly required by law; (iii) shall be applied by
      Beneficiary to the payment of the Impositions in such order of priority as
      Beneficiary shall determine, provided Trustor has delivered to Beneficiary
      the
      appropriate bills, statements and invoices relating to the Impositions not
      later
      than thirty (30) days prior to the due date thereof; and (iv) may be commingled
      by Beneficiary with its general funds. If, at any time within thirty (30) days
      prior to the due date of any of the Impositions, Beneficiary determines that
      the
      Impound Funds then held by Beneficiary are insufficient to pay such Impositions
      in full, upon Beneficiary's demand, Trustor shall deposit with Beneficiary
      the
      amount of such deficiency, as determined by Beneficiary. If the Impound Funds
      held by Beneficiary exceed the amount necessary to discharge the Impositions
      for
      which such Impound Funds were deposited, Beneficiary, at its option, may either
      refund such excess to Trustor or may hold such excess and reduce proportionately
      the periodic deposits required to be made by Trustor for payment of the
      Impositions.

     

    (b)  Security
      Interest.
      Trustor
      grants a security interest to Beneficiary in all Impound Funds deposited by
      Trustor with Beneficiary under this Section 2.13 to secure the Obligations.
      Upon
      the occurrence of any Event of Default, Beneficiary, at its option and without
      regard to the adequacy of any other collateral securing the Obligations, shall
      have the right to apply any or all of the Impound Funds to any or all of the
      Obligations in such amounts and order as Beneficiary may determine.

     

    (c)  Assignment:
      Reconvevance.
      If
      Beneficiary assigns this Deed of Trust, Beneficiary shall have the right to
      transfer all Impound Funds held by Beneficiary to Beneficiary's assignee. Upon
      such transfer, Beneficiary shall have no further liability of any kind with
      respect to the Impound Funds, and Beneficiary's assignee shall be deemed to
      have
      assumed all liabilities of Beneficiary with respect to the Impound Funds.
      Following full payment and performance of all of the Obligations and the
      reconveyance of the Property under this Deed of Trust, Beneficiary shall refund
      to Trustor any Impound Funds then held by Beneficiary.

     

              (d)  No
      Liability for Insufficient Impound Funds. Nothing
      contained in this Section 2.13 shall be deemed (i)
      to
      require Beneficiary to pay any amounts on account of any Impositions in excess
      of the Impound Funds held by Beneficiary; or (ii) to impair, prejudice or
      otherwise affect any of Beneficiary's rights or remedies under this Deed of
      Trust or under applicable law to pay any or all of the Impositions if the
      Impound Funds then held by Beneficiary are insufficient for such purposes and
      to
      add the amount paid by Beneficiary to the Obligations.

    

    2.14
      Absolute
      Assignment of Rents and Profits.

     

    (a)  Absolute
      Assignment. Trustor
      absolutely, irrevocably and unconditionally grants, transfers and assigns to
      Beneficiary all Rents and Profits. Prior to the occurrence of an Event of
      Default, Trustor shall have a license to collect and retain on the terms of
      this
      Section 2.14 all Rents and Profits as they become due and payable. Upon the
      occurrence of an Event of Default, Trustor's license to collect the Rents and
      Profits shall automatically be revoked without notice to Trustor. Following
      such
      revocation, Beneficiary shall be entitled to collect and retain all Rents and
      Profits, whether or not Beneficiary has taken possession of the Property, and
      Trustor shall immediately pay or deliver to Beneficiary any Rents and Profits
      then held or thereafter collected by Trustor. All Rents and Profits collected
      by
      or on behalf of Beneficiary may be applied by Beneficiary to the Obligations
      in
      such order and amounts as Beneficiary may determine. If Beneficiary elects
      to
      seek the appointment of a receiver following the occurrence of an Event of
      Default, Trustor irrevocably and unconditionally consents to the appointment
      of
      a receiver without regard to the adequacy of the security for any of the
      Obligations. Notwithstanding anything to the contrary contained in this Deed
      of
      Trust, the assignment of Rents and Profits contained in this Section is an
      absolute assignment and not an assignment as security. Neither the assignment
      of
      Rents and Profits contained in this Section nor any action taken by Beneficiary
      to collect the Rents and Profits shall be deemed to make Beneficiary a
      mortgagee-in-possession of the Property or shall be deemed to render Beneficiary
      directly or indirectly liable or responsible for (i) the use, control,
      condition, care, operation, occupancy, management, repair, or leasing of the
      Property; (ii) the production of Rents and Profits from the Property; or (iii)
      the performance or observance of any or all of Trustor's duties, obligations,
      representations, or warranties under any Leases or other agreements relating
      to
      the Rents and Profits. Beneficiary shall have no responsibility or liability
      of
      any kind for any failure or delay by Beneficiary in enforcing any of the terms
      or conditions of this Section 2.14.

     

    (b)  Applications
      of Rents and Profits Prior to Revocation of License.
      Trustor
      shall apply the Rents and Profits to the payment of all reasonable and necessary
      operating costs and expenses of the Property, installment payments due in
      connection with the Loan and any Future Advances, payment of Impositions, and
      a
      reasonable reserve for future reasonable and

    

    

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    necessary
      expenses, repairs and replacements relating to the Property before using the
      Rents and Profits for any other purpose which does not directly benefit the
      Property.

     

    (c)
      Notices
      to Tenants. Upon
      revocation of the license described in Section 2.14(a) above, Trustor
      irrevocably authorizes and directs all Tenants under the Leases to comply with
      any notice or demand by Beneficiary for payment to Beneficiary of any Rents
      and
      Profits or for the performance of any of the Tenant's other respective
      obligations under the Leases, regardless of any conflicting demand by Trustor
      or
      notice by Trustor to any Tenant that Beneficiary's demand is invalid or
      wrongful. No Tenant shall have any duty to inquire as to whether any default
      by
      Trustor has occurred under the Loan Documents in connection with any notice
      or
      demand by Beneficiary under this Section.

     

    2.15
      Sales.
      Transfers. and Further Encumbrances. Beneficiary
      shall have the right, at its option and without notice to or demand on Trustor,
      to declare any or all Obligations to be immediately due and payable if any
      of
      the following events occurs without Beneficiary's prior written consent: (a)
      the
      sale, conveyance, transfer, mortgage, encumbrance, lease or alienation of all
      or
      any part of the Property or any interest in the Property, whether voluntary
      or
      involuntary, or Trustor's grant of any option or agreement to effect any such
      transaction; (b) if Trustor or any General Partner or Manager of Trustor is
      a
      partnership, the admission, withdrawal, retirement or removal of any general
      partner of Trustor or any of Trustor's General Partners or Managers, or the
      sale
      or transfer of more than twenty-five percent (25%) of the beneficial interests
      in Trustor or any of Trustor's General Partners or Managers; (c) if Trustor
      or
      any General Partner or Manager of Trustor is a corporation, the sale or transfer
      of an aggregate of more than twenty-five percent (25%) of any class of stock
      in
      such corporation or the issuance by such corporation of additional stock to
      any
      Person who is not a shareholder in such corporation as of the date of this
      Deed
      of Trust; (d) if Trustor or any General Partner or Manager of Trustor is a
      limited liability company, the appointment, withdrawal, retirement or removal
      of
      any Manager of Trustor or any of Trustor's General Partners or Managers or
      the
      sale or transfer of more than twenty-five percent (25%) of the beneficial
      interests in Trustor or any of Trustor's General Partners or Managers; (e)
      if
      Trustor or any of Trustor's General Partners or Managers is a corporation,
      partnership, or limited liability company, the dissolution or liquidation of
      Trustor or any of Trustor's General Partners or Managers; or (f) any change
      in
      the character or use of all or part of the Property, including drilling for
      or
      the extraction of oil, gas or any other hydrocarbon substance or the lease
      of
      all or any part of the Property for any such purpose. Without limiting the
      generality of any provision of this Deed of Trust (including Section 6.8 below),
      Beneficiary's consent to any or all of the events described in this Section
      may
      be withheld by Beneficiary in its sole and absolute discretion. Beneficiary's
      consent to any event described in this Section shall not be deemed to be a
      consent to, or a waiver of the right to require such consent for, any other
      event. For purposes of this Deed of Trust, (i) the term "partnership" includes
      a
      general partnership, limited partnership, limited liability partnership, and
      joint venture; and (ii) the term "Manager" means any Person who is acting as
      a
      manager of a limited liability company, including any member who is acting
      in
      such capacity.

     

    2.16
      Reauest
      for Beneficiary's Consent to Transfers. All
      requests by Trustor for Beneficiary's
      consent
      under Section 2.15 above (a) shall specifically describe the transaction with
      respect to which Beneficiary's consent is requested; (b) shall be delivered
      to
      Beneficiary not less than sixty (60) days before Trustor proposes to take the
      action with respect to which Beneficiary's consent is requested; (c) shall
      be
      accompanied by complete and accurate copies of all documents relating to the
      transaction with respect to which Beneficiary's consent is requested, including
      financial statements and other information regarding the proposed transferee;
      and (d) shall be accompanied by a non-refundable review fee payable to
      Beneficiary in an amount required by Beneficiary, which amount shall not be
      less
      than $1,500. Trustor acknowledges and agrees that Beneficiary's
      right
      to withhold its consent, in its sole and absolute discretion, to any or all
      of
      the events described in Section 2.15 above is based, in part, on the fact that
      Trustor's particular financial condition, credit history, character, experience,
      ability and expertise, as represented by Trustor to Beneficiary, were material
      and important factors in Beneficiary's decision to make the Loan, and that
      Beneficiary will continue to rely on such matters to insure satisfactory
      compliance with the Loan Documents during the entire term of the Loan. If
      Beneficiary, in its sole and absolute discretion, consents to any of the
      transactions described in Section 2.15 above, (i) such consent shall not be
      deemed to release Trustor or any other Person liable for payment or performance
      of the Obligations, and Trustor and such Persons shall continue to remain liable
      for payment and performance of the Obligations in accordance with the terms
      of
      the Loan Documents; and (ii) such consent shall be conditioned on [A] the
      payment to Beneficiary of all costs, fees, and expenses incurred by Beneficiary
      in connection with its review, analysis, and preparation of documents with
      respect to the proposed transaction, including all attomeys' fees and costs
      incurred by Beneficiary; and [B] the satisfaction of such other conditions
      as
      Beneficiary, in its sole and absolute discretion, may establish in connection
      with the proposed transaction. Nothing contained in this Section constitutes
      or
      shall be construed as an agreement by Beneficiary to consent to any or all
      of
      the transactions described in Section 2.15 above or to impair or otherwise
      affect in any way Beneficiary's right to withhold its consent to any or all
      of
      such transactions in Beneficiary's
      sole
      and absolute discretion.

     

    2.17
      Subordinate
      Mortaaaes. If
      Beneficiary consents to any other Lien on the Property ("Subordinate Mortgage"),
      or if the prohibition on Trustor's execution of any Subordinate Mortgage is
      unenforceable under applicable law, Trustor shall not execute any Subordinate
      Mortgage unless Trustor has first delivered to Beneficiary a written agreement,
      acceptable to Beneficiary, executed by the holder of the Subordinate Mortgage
      which provides that (a) the Subordinate Mortgage is and shall at all times
      remain unconditionally subject and subordinate to this Deed of Trust; (b) if
      any
      action or proceeding is commenced to foreclose the Subordinate Mortgage, no
      Tenant under any Lease shall be named as a defendant in such action or
      proceeding, nor shall such action or proceeding terminate any Lease, without
      Beneficiary's prior written consent; (c) all Rents and Profits, whether
      collected directly by the holder of the Subordinate Mortgage or through a
      receiver, shall be applied first to the Obligations, second to the payment
      of
      the Impositions, and thereafter to payment of maintenance and operating costs
      relating to the Property; and (d) the holder of the Subordinate Mortgage shall
      give written notice to Beneficiary not later than ten (10) days prior to
      commencing any judicial or nonjudicial action or proceeding to foreclose the
      Subordinate Mortgage. Trustor acknowledges and agrees that Beneficiary's
      determination as to whether or not to grant its consent to any proposed
      Subordinate Mortgage shall be based upon, among other things, the debt coverage
      ratio of the combined Obligations secured by this Deed of Trust and the
      indebtedness to be

    

    

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secured
      by such proposed Subordinate Mortgage, in addition to such other factors as
      Beneficiary, in its sole and absolute discretion,
      shall
      determine to be relevant or appropriate.

     

    2.18
      Fixtures. Notwithstanding
      Section 2.15 above, Trustor may from time to time replace any Fixtures
      constituting a part of the Property, provided that prior to the replacement
      of
      such Fixtures, Trustor shall provide Beneficiary with evidence acceptable to
      Beneficiary that (a) the replacement property for such Fixtures is at least
      equivalent in value, character, and quality to the Fixtures being replaced;
      (b)
      Trustor has good and marketable title to such replacement property free and
      clear of all liens, claims, and interests other than the lien of this Deed
      of
      Trust; and (c) this Deed of Trust shall constitute a first lien on such
      replacement Property.

     

    2.19
      Permitted
      Leasinq. Notwithstanding
      Section 2.15 above, Trustor shall have the right to enter into Leases without
      Beneficiary's prior written consent, provided that all of the following
      conditions are satisfied: (a) the term of such Lease, including any extension
      or
      renewal options, does not exceed a total of five (5) years; (b) the form used
      for such Lease has been approved in writing by Beneficiary prior to Trustor's
      execution of the Lease, such form has not been modified, amended or supplemented
      in any material respect, and Beneficiary's approval of such form has not been
      modified or revoked at the time the Lease is executed by Trustor; (c) the rental
      and all other charges under such Lease are not more favorable to the Tenant
      than
      pro forma rental and other charges
      which have been approved in writing by Beneficiary not more than six (6) months
      prior to Trustor's execution of such Lease, and
      such
      approval has not been modified or revoked at the time the Lease is executed
      by
      Trustor; (d) such Lease is unconditionally
      subordinate to this Deed of Trust and contains an attomment provision consistent
      with Section 2.21 below; (e) no Event of Default has occurred prior to Trustor's
      execution of such Lease; and (f) Trustor provides Beneficiary with an accurate
      and complete copy of such Lease within five (5) business days after such Lease
      is executed by Trustor.

     

    2.20
      Leases. Upon
      Beneficiary's request, Trustor shall execute, acknowledge and deliver to
      Beneficiary an absolute and unconditional assignment acceptable to Beneficiary
      of all of Trustor's interests in all Leases and all guaranties of and security
      for the Tenants' respective obligations under the Leases.

     

    2.21
      Attornment
      at Beneficiary's Option. Each
      Tenant who enters into a Lease for the Property after the date of recordation
      of
      this Deed of Trust (each such Lease is referred to as a "Subordinate Lease")
      and
      who has not entered into a written non-disturbance and attornment agreement
      with
      Beneficiary shall be deemed to have agreed to attom to Beneficiary and accept
      Beneficiary as the landlord under its Lease on the terms of this Section. If
      Beneficiary acquires title to the Property by judicial or nonjudicial
      foreclosure under this Deed of Trust or by deed in lieu of foreclosure under
      this Deed of Trust, Beneficiary, at its option, shall
      have the right to require any or all Tenants under Subordinate Leases to attorn
      to and accept Beneficiary as the landlord under
      such
      Tenant's Subordinate Lease (the "Attornment Option") by giving written notice
      to
      such Tenant within thirty (30) days after the date on which Beneficiary acquires
      title to the Property (the "Acquisition Date"). If Beneficiary exercises the
      Attomment Option with respect to any Subordinate Lease, such attomment shall
      be
      effective and self-operative as of the Acquisition Date without the execution
      of any further documents on the part of the Tenant, Beneficiary, or any other
      party, and the Tenant under the Subordinate
      Lease
      shall be bound to Beneficiary under all of the terms, covenants, and conditions
      of the Subordinate Lease for the remaining balance of the term thereof, with
      the
      same force and effect as if Beneficiary were the landlord under such Lease.
      Whether or not Beneficiary exercises its Attornment Option with respect to
      any
      Subordinate Lease, Beneficiary (a) shall not be liable for any act or omission
      of any prior landlord under any Subordinate Lease, including Trustor; (b) shall
      not be subject to any offset, defense, or claim which any Tenant may have
      against any prior landlord under any Subordinate Lease, including Trustor;
      (c)
      shall not be obligated (i) to return any security deposit now or hereafter
      paid
      by any Tenant; (ii) to return any prepaid rent or other amounts prepaid by
      any
      Tenant; or (iii) to grant any Tenant a credit for any such security deposit,
      prepaid rent or other prepaid amounts (excluding monthly rent and other charges
      which have not been prepaid for more than one month in advance), except to
      the
      extent, if any, that Beneficiary has actually and unconditionally received
      such
      security deposit, prepaid rent or other prepaid amounts; and (d) shall not
      be
      obligated to complete the construction of any or all Improvements. Without
      limiting the terms of this Section, upon Beneficiary's request, each Tenant
      under a Subordinate Lease shall execute and deliver to Beneficiary any document
      which Beneficiary determines to be necessary or appropriate to evidence such
      Tenant's attornment to Beneficiary on the terms of this Section, including
      a new
      lease with Beneficiary on the same terms and conditions as the Subordinate
      Lease
      for a term equal to the unexpired term of the Subordinate Lease. Nothing
      contained in this Section shall be deemed to obligate Beneficiary to recognize
      any Subordinate Lease or accept an attornment by any Tenant upon Beneficiary's
      acquisition of title to the Property. If Beneficiary elects not to exercise
      the
      Attornment Option within the time period specified in this Section with respect
      to any Subordinate Lease, such
      Subordinate Lease and all of the rights, privileges and powers of the Tenant
      thereunder shall automatically terminate and shall
      be of no
      further force or effect from and after the Acquisition Date.

     

    2.22
      Compliance
      with Leases. Trustor
      (a) shall perform all obligations of the landlord under the Leases and shall
      not
      permit or suffer any default by Trustor under the terms of any of the Leases;
      and (b) shall diligently enforce all remedies available to Trustor in the event
      of a default by any Tenant under any of the Leases.

     

    

    2.23
      Termination
      or Modification of Leases. Without
      Beneficiary's prior written consent, and except as otherwise expressly permitted
      by the Loan Documents, Trustor shall not (a) terminate, cancel, accept a
      surrender of, modify, amend or waive any of Trustor's rights under any of the
      Leases, except cancellation of a Lease based on a material default by the Tenant
      thereunder; (b) collect rent under any of the Leases for more than one (1)
      month
      in advance; (c) agree to subordinate any of the Leases to any other Lien; (d)
      discount the rent or other amounts payable under any of the Leases or release
      any Tenant or any other party liable for the performance of any Tenant's
      obligations under any of the Leases; (e) consent to any sublease or to the
      assignment
      of all or part of any Tenant's interest under the Leases; or (f) in any other
      manner impair Beneficiary's rights with respect
      to or
      interest in the Rents and Profits. Any attempted termination, cancellation,
      surrender, modification, amendment, or subordination of a Lease in violation
      of
      this Section shall be void. Trustor shall give immediate written notice to
      Beneficiary of (i) any

    

    

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material
      default by any Tenant under any of the Leases; (ii) any notice received by
      Trustor from any Tenant under any of the Leases claiming
      any default or breach by Trustor under such Tenant's Lease; and (iii) any other
      default by Trustor under any of the Leases
      of which
      Trustor is aware. Upon Beneficiary's request, Trustor shall furnish to
      Beneficiary all information which Beneficiary may require regarding Trustor's
      performance under any or all of the Leases.

    

    2.24
      Financial
      Statements: Books and Records: Estoppel Certificates.

     

    (a)  Financial
      Statements. Within
      ninety (90) days after the close of Trustor's fiscal year, Trustor shall deliver
      to Beneficiary a balance sheet and a statement of profit and loss for Trustor
      for such fiscal year. Within ninety (90) days after the close of the fiscal
      year
      for (a) each Guarantor; (b) each general partner of Trustor ("General Partner"),
      if Trustor is a partnership; (c) each Manager of Trustor, if Trustor is a
      limited liability company; and (d) each Person who is affiliated with Trustor
      and who occupies or operates a business on all or a part of the Property
      ("Affiliate"), Trustor shall cause each such Guarantor, General Partner,
      Manager, and Affiliate to provide Beneficiary with a balance sheet and a
      statement of profit and loss for such Guarantor, General Partner, Manager and
      Affiliate for such fiscal year. Trustor shall cause all financial statements
      furnished to Beneficiary under this Section to be certified by the party to
      whom
      such statements apply. If Trustor or any Guarantor, General Partner or Manager
      has audited financial statements prepared, Trustor shall cause a copy of such
      audited financial statements to be delivered to Beneficiary within thirty (30)
      days after such statements are received by Trustor or the Person to whom such
      statements apply. Trustor and each Person whose financial statements are
      provided to Beneficiary under this Section shall, by submitting such
statements
      to Beneficiary, be conclusively deemed to have certified to Beneficiary, in
      addition to any other certifications contained in
      such
      statements, that the financial statements furnished to Beneficiary (i) are
      accurate and complete in all respects as of the dates appearing thereon; (ii)
      present fairly the financial condition and results of operations of the Person
      to whom the statements apply as of the date and for the period shown in such
      statements; and (iii) disclose all suits, actions, proceedings and contingent
      liabilities affecting the Person to whom the financial statements apply. Trustor
      shall provide Beneficiary with such other information concerning the financial
      condition and affairs of Trustor, the Guarantors, the General Partners,
      Managers, and any Affiliate as Beneficiary may require within ten (10) business
      days after Beneficiary's request for such information. Trustor shall deliver
      to
Beneficiary,
      or cause to be delivered to Beneficiary, a complete and accurate copy of each
      federal income tax return filed by Trustor
      and any
      Guarantor, General Partner, Manager, and Affiliate within thirty (30) days
      after
      the date on which each such return is filed. For purposes of this Deed of Trust,
      the term "Affiliate" shall include the following Persons who occupy or operate
      a
      business on all or part of the Property: [1] any Person who directly or
      indirectly controls, is controlled by, or is under common control with Trustor,
      any
      Guarantor, or any General Partner or Manager; [2] any Person, five percent
      (5%)
      or more of the outstanding securities or equity
      interests of which are held beneficially or of record by Trustor, any Guarantor,
      or any General Partner or Manager; [3] any shareholder, officer, director,
      or
      agent of Trustor, any Guarantor, or any General Partner or Manager; or [4]
      if
      Trustor, any Guarantor, or any General Partner or Manager is an officer,
      director, or partner of any partnership or corporation other than Trustor,
      the
      partnership or corporation for which such Person acts in such capacity. For
      purposes of this Section, the term "control" means the direct or indirect power
      or effective ability to cause the direction of the management or policies of
      any
      Person, whether through the ownership of voting securities, by contract, family
      relationship, or otherwise.

     

    (b)  Operating
      Statements.
      If the
      Property consists of a Commercial Project, within thirty (30) days after the
      end
      of each calendar year, and within ten (10) business days after Beneficiary's
      request from time to time, Trustor shall deliver to Beneficiary an accurate
      and
      complete annual operating statement for the Property for the immediately
      preceding calendar year or twelve
      (12) month period, as applicable. All such operating statements shall be in
      a
      form acceptable to Beneficiary and shall contain
      such
      detail as Beneficiary may require to provide Beneficiary with a complete and
      accurate statement of all income, receipts, payments,
      rents, reimbursements, deposits, and other revenues of every kind from the
      Property and all operating expenses of every
      kind
      paid or incurred with respect to the Property, including taxes, insurance,
      utilities, salaries, wages and personnel costs, leasing costs and commissions,
      maintenance and repair costs, legal and accounting fees and expenses,
      advertising and promotion costs, management fees, and expenditures for capital
      improvements. Each operating statement delivered by Trustor to Beneficiary
      under
      this Section shall be signed by Trustor and shall be certified as being accurate
      and complete by Trustor. At any time after Beneficiary's receipt of any of
      the
      operating statements described in this Section or in Section 2.24(e) below,
      within ten (10) business days after Beneficiary's request, Trustor shall deliver
      to Beneficiary copies of such invoices, bank statements, canceled checks, and
      other supporting documentation as Beneficiary may designate to substantiate
      any
      or all matters reflected in the operating statements received by
      Beneficiary.

     

    (c)  Rental
      Statements. If
      the
      Property consists of a Commercial Project, within thirty (30) days after the
      end
      of each calendar year, and within ten (10) business days after Beneficiary's
      request from time to time, Trustor shall deliver to Beneficiary an accurate
      and
      complete rent statement for the Property (the "Rent Statement") as of the last
      day of the most recent calendar month showing (i) the leasing status of all
      space in the Buildings, including information as to whether such space is vacant
      or subject to a Lease; and (ii) with respect to each space in the Buildings
      that
      has been leased, [A] the name of the Tenant renting the space; [B] the premises
      occupied by each of the Tenants; [C] the current monthly rent and all other
      amounts payable by such Tenant under such Lease; [D] the total amount of all
      prepaid rent received by Trustor from such Tenant; [E] the total amount of
      any
security
      deposit or other deposit received by Trustor from such Tenant; [F] the
      expiration date of the term of such Lease or nature of
      the
      tenancy under such Lease; [G] the rent payment dates and the amount of any
      delinquent rent or other payments owing by such Tenant; [H] extension or renewal
      options under the Leases; [I] any rent or other concessions granted to, and
      any
      claims or offsets asserted by, any Tenants; and [J] such other information
      as
      Beneficiary may designate. Each Rent Statement delivered by Trustor to
      Beneficiary under this Section or Section 2.24(e) below shall be signed by
      Trustor and shall be certified as being accurate and complete by Trustor.
      Trustor shall provide Beneficiary with the Rent Statements described in this
      Section whether the Buildings are occupied by one or more Affiliates, a single
      tenant or user, or multiple tenants or users.

    

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    (d)  Books
      and Records. If
      the
      Property consists of a Commercial Project, Trustor shall keep and maintain
      complete and accurate Books and Records at Trustor's principal place of
      business, and Trustor shall not remove the Books and Records from such location
      without Beneficiary's prior written consent. Beneficiary shall have access
      to
      the Books and Records at all reasonable times for the purposes of examination,
      inspection, verification, copying and for any other reasonable purpose. The
      Books and Records shall include a complete and accurate record of all costs
      incurred and payments made in connection with the design, construction,
      improvement, development, use, ownership, operation, maintenance, repair, and
      marketing of the Property. If (i) Trustor fails to provide Beneficiary with
      any
      annual financial statement or income tax return, annual operating statement,
      or
      annual Rent Statement which Trustor is required to deliver to Beneficiary under
      Sections 2.24(a), 2.24(b) and 2.24(c) above within the required time period;
      and
      (ii) Trustor fails to cure such failure within thirty (30) days after the date
      on which the latter of two separate written notices is given by Beneficiary
      to
      Trustor (the second of which shall be given by Beneficiary not sooner than
      ten
      (10) days after the date on which the first of such notices is given) notifying
      Trustor of such failure and of the fact that a late charge will be imposed
      on
      Trustor if Trustor fails to cure the failure within the time provided by this
      Section, then Trustor shall immediately pay a late charge to Beneficiary equal
      to $2,500 to compensate Beneficiary for administrative costs and expenses
      incurred in connection with such late performance by Trustor. Trustor agrees
      that the actual damages suffered by Beneficiary because of any failure to
      deliver the information described in the immediately preceding sentence are
      extremely difficult and impracticable to ascertain, and the late charge
      described in this Section represents a reasonable attempt to fix such damages
      under the circumstances existing at the time this Deed of Trust is executed.
      Beneficiary's acceptance of any late charge shall not constitute a waiver of
      any
      breach by Trustor of its obligation to provide the information required by
      Section 2.24 of this Deed of Trust or any of the other terms of the Loan
      Documents and shall not affect Beneficiary's right to enforce any of its rights
      and remedies against Trustor or any other any Person under the Loan
      Documents.

     

    (e)  Additional
      Reports and Information. If
      the
      Property consists of a Commercial Project, within ten (10) business days after
      Beneficiary's request from time to time, Trustor shall deliver to Beneficiary
      such additional information available to Trustor and reports as Beneficiary
      may
      request concerning the Property and the business and affairs of Trustor or
      any
      Guarantor, General Partner, Manager, Tenant, or Affiliate that Beneficiary
      may
      request, including (i) a balance sheet and profit and loss statement for the
      most recent fiscal year and for the most recent fiscal year-to-date quarterly
      period or periods of Trustor or any Guarantor, General Partner, Manager, Tenant,
      or Affiliate, each of which shall be certified and otherwise prepared in
      accordance with the requirements of Section 2.24(a) above; (ii) monthly
      operating statements from Trustor for the Property for each calendar month
      containing the same detailed information required to be included in the
      operating statements described in Section 2.24(b) above; (iii) monthly Rent
      Statements from Trustor for the Property for each calendar month containing
      the
      same detailed information required to be included in the Rent Statements
      described in Section 2.24(c) above; (iv) copies of all financial statements
      and
      reports that Trustor sends to its partners or shareholders, if any; (v) copies
      of all reports which are available for public inspection or which Trustor is
      required to file with any Governmental Authorities; (vi) a certificate executed
      by Trustor, dated within ten (10) business days of the date of delivery of
      such
      certificate to Beneficiary, stating that Trustor knows of no Event of Default
      under the Loan Documents or, if an Event of Default exists, stating the nature
      of the default and what action Trustor has taken or proposes to take with
      respect to such Event of Default; (vii) complete and accurate as-built plans
      for
      all Buildings located on the Land; (viii) complete and accurate copies of all
      Leases and any currently effective letters of intent or proposals to lease
      all
      or part of the Property received or made by or behalf of Trustor; and (ix)
      the
      most recent years' federal income tax returns for Trustor or any Guarantor,
      General Partner, Manager, or Affiliate. All financial statements that are
      required to be provided to Beneficiary under this Section 2.24 shall be on
      Beneficiary's standard form of financial statement, unless Beneficiary
      specifically requires or approves an alternate form, in which case such
      financial statements shall be provided on such alternate form. Beneficiary
      may
      exercise its rights to require additional reports and information under this
      Section at any time and from time to time on such periodic basis as Beneficiary
      shall determine to be necessary or appropriate, including annual requests on
      the
      anniversary of the date of recordation of this Deed of Trust.

     

    (f)  Notice
      of Certain Matters. Trustor
      shall promptly notify Beneficiary in writing of (i) any claim, demand, right,
      or
      Lien relating to the Property which may be adverse to the lien of this Deed
      of
      Trust; (ii) any material loss, depreciation, or adverse change in the value
      of
      the Property and any other occurrence which may materially and adversely affect
      Beneficiary's lien on the Property; (iii) any adverse change in Trustor's
      ability to perform any or all of the Obligations; (iv) any event or condition
      which constitutes an Event of Default; and (v) any dispute between Trustor
      and
      any Governmental Authority relating to the Property which may have a material
      adverse effect on the Property.

     

    (g)  Estoppel
      Certificates.
      Within
      ten (10) business days after Beneficiary's request, Trustor shall deliver to
      Beneficiary a written statement signed and acknowledged by Trustor stating
      (i)
      the amount of all monetary Obligations secured by this Deed of Trust; (ii)
      whether Trustor contends that any offsets or defenses exist against the
      Obligations secured by this Deed of Trust and whether Trustor has any claims
      of
      any kind against Beneficiary; and (iii) such other information with respect
      to
      the Obligations or the Loan Documents as Beneficiary may reasonably require,
      including evidence acceptable to Beneficiary of Trustor's compliance with any
      of
      the terms of the Loan Documents which are specifically identified in
      Beneficiary's request. With respect to all statements, information and reports
      that Trustor submits to Beneficiary pursuant to this Deed of Trust, including
      pursuant to this Section 2.24, Trustor shall be deemed conclusively to have
      certified to Beneficiary, whether or not such statements, information or reports
      have been signed by Trustor, that [A] such statements, information and reports
      are accurate and complete in all material respects as of the date or for such
      periods as may be shown in the statements, information, and reports; and [B]
      such statements, information, and reports do not omit to state any facts or
      other information so as to make the statements, information, or reports
      submitted to Beneficiary misleading in any material respect.

     

    2.25
      Inspection
      and Investigations. Beneficiary
      shall have the right at all reasonable times (a) to enter upon and inspect
      the
      Property, including any entry which Beneficiary determines is necessary or
      appropriate in connection with enforcing or exercising any right, remedy or
      power available to or conferred on Beneficiary under the Loan Documents; (b)
      to
      contact any Person to verify any information provided or disclosed by Trustor
      to
      Beneficiary; and (c) to release such information regarding the
      Property,

    

    

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Trustor,
      or the Obligations as Beneficiary may determine to be necessary or appropriate
      in connection with enforcing or exercising any right, remedy or power available
      to or conferred on Beneficiary under the Loan Documents. Without limiting any
      other provision of the Loan Documents, Trustor, for itself and on behalf of
      each
      Manager of Trustor, each General Partner of Trustor, and each Guarantor, as
      applicable, irrevocably authorizes Beneficiary, without further notice to or
      approval of Trustor or any other Person, to request and obtain at any time
      and
      from time to time (whether before or after the closing of the Loan) any and
      all
      information and to make or have made any other investigative inquiries that
      Beneficiary determines to be necessary or appropriate in connection with
      Beneficiary's origination, closing, servicing, administration, modification,
      extension, renewal, transfer, or enforcement of the Loan or in connection with
      any of the transactions that are the subject of the Loan Documents, including
      (i) information bearing on the credit worthiness, credit standing, credit
      capacity, character, general reputation, experience, or expertise of Trustor,
      each Manager of Trustor, each General Partner of Trustor, and each Guarantor,
      respectively, as applicable; and (ii) credit reports and other reports from
      one
      or more credit reporting agencies or bureaus bearing on the credit worthiness,
      credit standing, credit capacity, character, general reputation, experience,
      or
      expertise of Trustor, each Manager of Trustor, each General Partner of Trustor,
      and each Guarantor, respectively, as applicable. Beneficiary shall have no
      obligation or duty to inspect the Property or the Books and Records or to
      perform any investigations, and all such inspections and investigations by
      Beneficiary shall be for Beneficiary's sole benefit and not for the benefit
      of
      Trustor or any other Person.

     

    2.26
      Defense
      of Actions and Protection of Security by Trustor. Trustor
      shall appear in and defend any action or proceeding commenced by any Person
      other than Beneficiary which affects or which Beneficiary determines may affect
      any or all of the following: (a) the Property; (b) the Insurance Claims,
      Condemnation Claims, or Property Claims; (c) Beneficiary's, Trustee's
      or
      Trustor's respective rights and obligations under the Loan Documents; (d) the
      Obligations; or (e) any other transaction or matter which affects Beneficiary
      by
      reason of its interest in the Property. Trustor shall promptly commence and
      diligently prosecute all actions and proceedings which are necessary or
      appropriate or which Beneficiary determines may be necessary or appropriate
      to
      do any or all of the following: (i) prevent any damage, destruction, or injury
      to the Property; (ii) enforce or recover upon the Insurance Claims, Condemnation
      Claims or Property Claims or collect the Insurance Proceeds, Condemnation
      Proceeds, or Property Proceeds; or (iii) to preserve, protect, maintain, and
      defend the Property and Beneficiary's lien thereon.

     

    2.27
      Leasehold
      Estates.

     

    (b)  Leasehold
      Estate. Whenever
      the context of this Deed of Trust so requires, the term Property shall be deemed
      to include the leasehold estate under the Ground Lease and any other interest
      of
      Trustor in the real property which is the subject of the Ground
      Lease.

    
      (a)  Trustor's
        Obligations under Ground Lease. If
        this
        Deed of Trust encumbers a Ground Lease, Trustor (i) shall perform all
        obligations of the tenant under the Ground Lease and shall not permit or
        suffer
        any default by Trustor under the terms of the Ground Lease; (ii) shall not
        amend, modify, terminate, cancel, or surrender its interest in the Ground
        Lease
        without Beneficiary's prior written consent; (iii) shall give immediate written
        notice to Beneficiary of [1] any default by the landlord under the Ground
        Lease
        (the "Lessor"); [2] any notice received by Trustor from the Lessor of any
        default by Trustor under the Ground Lease; and [3] any other default by Trustor
        under the Ground Lease of which Trustor is aware; and (iv) shall furnish
        to
        Beneficiary all information which Beneficiary may require regarding Trustor's
        performance under the Ground Lease.

       

    

    (c)  Acquisition
      of Title.
      If
      Trustor shall, directly or indirectly, acquire fee title or any other estate
      or
      interest in the real property which is the subject of the Ground Lease, this
      Deed of Trust shall attach to and encumber such fee title or other estate or
      interest without further action by Trustor, Trustee or Beneficiary.

     

    (d)  No
      Merger.
      There
      shall be no merger of the leasehold estate arising under the Ground Lease with
      all or any portion of the fee estate in the real property which is the subject
      of the Ground Lease by reason of the fact that such leasehold estate may be
      held
      by any Person who shall hold all or any portion of such fee estate in the real
      property which is the subject of the Ground Lease, unless Beneficiary shall
      expressly agree otherwise in writing.

     

    (e)  Cure
      Rights.
      If
      Trustor fails to perform any of its obligations as tenant under the Ground
      Lease, Beneficiary shall have the right to pay or perform any or all of such
      obligations in such manner and to such extent as Beneficiary determines to
      be
      necessary or appropriate to preserve or protect the security for the
      Obligations. All costs and expenses, including without limitation attorneys'
      fees, incurred by Beneficiary in connection with the payment or performance
      of
      such obligations shall be payable by Trustor to Beneficiary on Beneficiary's
      demand, shall bear interest at the rate specified in the Note from the date
      of
expenditure,
      and shall be deemed to be secured by this Deed of Trust and all other agreements
      given by Trustor to secure the Note.
      Nothing
      contained in this Deed of Trust shall be construed to obligate Beneficiary
      to
      pay or perform any of Trustor's obligations under the Ground Lease, and no
      election by Beneficiary to pay or perform such obligations shall constitute
      a
      waiver of any default by Trustor under this Deed of Trust.

     

    2.28
      Enforcement
      of Covenants and Restrictions. If
      any of
      the Covenants and Restrictions apply to Persons owning or occupying real
      property which is adjacent to or in the vicinity of the Property, Trustor shall
      diligently enforce the Covenants and Restrictions against such Persons if (a)
      such Persons have breached their obligations under the Covenants and
      Restrictions; and (b) such breach has not been cured by such Persons within
      ninety (90) days after a request by Beneficiary to Trustor to enforce the
      Covenants and Restrictions.

    

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2.29
Agricultural
        Property.
        If the
        Property consists in whole or in part of agricultural property, Trustor (a)
        shall farm the same using good and proper practices of husbandry; (b) shall
        keep
        all crops, trees and vines on the Property properly cultivated, irrigated,
        fertilized, sprayed, fumigated and maintained; and (c) shall promptly replace
        all dead or unproductive crops, trees or vines.

    

     

    2.30
      Further
      Assurances.
      Upon
      Beneficiary's request, Trustor shall execute, acknowledge and deliver to
      Beneficiary such further documents and agreements and take such further actions
      as Beneficiary may reasonably require from time to time to effectuate or carry
      out the purposes of the Loan Documents or to evidence, perfect, maintain,
      preserve or protect Beneficiary's lien on the Property, including Trustor's
      execution of security agreements, assignments, financing statements, and
      continuation financing statements. Upon Beneficiary's request, Trustor shall
      execute, acknowledge and deliver to Beneficiary an assignment acceptable to
      Beneficiary of such additional rights, privileges, Governmental Permits, and
      documents relating to the Property as Beneficiary may reasonably determine
      to be
      necessary or appropriate in connection with the design, construction,
      improvement, development, use, ownership, operation, maintenance, repair or
      marketing of the Property.

     

    ARTICLE
      3

     

    EVENTS
      OF DEFAULT

     

    Beneficiary,
      at its option, shall have the right to declare Trustor to be in default under
      this Deed of Trust and the other Loan Documents upon the occurrence of any
      or
      all of the following events:

     

    3.1
      Payment
      of Note and Other Monetary Obligations. If
      Trustor fails to pay any of its indebtedness under the Note or
      perform any of its other obligations under the Loan Documents requiring the
      payment of money to Beneficiary or any third Person
      within
      ten (10) days after the date on which such indebtedness or monetary obligation
      is due; provided, however, that the ten (10) day grace period contained in
      this
      Section 3.1 shall not apply to Trustor's obligation to pay the outstanding
      principal balance and all accrued but unpaid interest under the Note on the
      stated maturity date of the Note;

     

    3.2
      Performance
      of Non-Monetary Obligations Under Other Loan Documents. If
      (a)
      Trustor fails to perform any of its non-monetary obligations to Beneficiary
      or
      any third Person under any of the Loan Documents when due; and (b) Trustor
      fails
      to diligently complete a cure of its breach of such non-monetary obligation
      as
      soon as reasonably practicable after written notice by Beneficiary to Trustor
      setting forth such non-monetary breach, but in any event within thirty (30)
      days
      after such notice is given; provided, however, that the thirty (30) day cure
      period contained in this Section 3.2 shall not be deemed to apply if Trustor
      commits more than two (2) non-monetary breaches within any twelve (12) calendar
      month period. For purposes of this Section 3.2, the term "non-monetary
      obligation" means any non-monetary obligation of Trustor under any of the terms
      of the Loan Documents, the breach
      of which
      is reasonably susceptible to being cured by Trustor. Without limiting the
      generality of the immediately preceding sentence, a non-monetary obligation
      shall not include any of Trustor's obligations to make payments of principal,
      interest, or other amounts under the terms of the Note or any of the other
      Loan
      Documents. Without limiting any of the terms of this Section 3.2, the cure
      provision
      contained in this Section 3.2 (the "Cure Provision") shall not apply with
      respect to any violation of Section 2.15 of this Deed
      of
      Trust. Notwithstanding anything to the contrary contained in this Section 3.2
      or
      Section 3.1 above, if Trustor breaches any of the terms of the Loan Documents,
      and if Beneficiary, in its good faith business judgment, determines that such
      breach impairs Beneficiary's security for the Loan, Beneficiary, immediately
      upon the occurrence of any such breach, shall have the right to take
such
      actions and exercise such remedies under the Loan Documents as Beneficiary
      may
      in good faith determine to be necessary or
      appropriate to avoid such impairment. The preceding sentence is specifically
      intended, among other things, to grant Beneficiary the right to immediately
      obtain fire and extended coverage and other forms of insurance with respect
      to
      the Property if Trustor fails to obtain or maintain any such insurance in effect
      in accordance with the terms of the Loan Documents, notwithstanding the
      existence of the Cure Provision or any other cure period in favor of
      Trustor;

     

    3.3
      Other
      Agreements with Beneficiary. If
      (a)
      Trustor fails to pay any of its indebtedness or to perform any of its
      obligations under any other document between the Trustor and Beneficiary when
      due; and (b) Trustor fails to diligently complete a cure of its breach of such
      obligation as soon as reasonably practicable after written notice by Beneficiary
      to Trustor setting forth such
      breach, but in any event within thirty (30) days after such notice is given;
      provided, however, that the thirty (30) day cure period
      contained in this Section 3.3 shall not be deemed to apply if Trustor commits
      more than two (2) breaches under such other document or documents within any
      twelve (12) calendar month period;

     

    3.4
      Misrepresentation. If
      any
      request, statement, information, certification, or representation, whether
      written or oral, submitted or made by Trustor to Beneficiary in connection
      with
      the Loan or any other extension of credit by Beneficiary to Trustor is false
      or
      misleading in any material respect;

     

    3.5
      Insolvency
      of Trustor.
      If (a) a
      petition is filed by or against Trustor under the federal bankruptcy laws or
      any
      other applicable federal or state bankruptcy, insolvency or similar law; (b)
      a
      receiver, liquidator, trustee, custodian, sequestrator, or other similar
      official is appointed to take possession of Trustor or the Property, or Trustor
      consents to such appointment; (c) Trustor makes an assignment for the benefit
      of
      creditors or fails generally to pay its debts as they become due; (d) Trustor
      takes any action in furtherance of any of the foregoing; or (e) there is a
      material adverse change in Trustor's financial condition as represented to
      Beneficiary in connection with Beneficiary's approval of the Loan and
      Beneficiary reasonably determines that such change materially impairs Trustor's
      ability to perform any or all of the Obligations; provided, however, that
      Trustor shall have forty-five (45) days within which to cause any involuntary
      bankruptcy proceeding to be dismissed or the involuntary appointment of any
      receiver, liquidator, trustee, custodian, or sequestrator to be discharged.
      The
      cure provision contained in this Section shall be in lieu of, and not in
      addition to, any and all other cure provisions contained in the Loan
      Documents;

    

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3.6
      Insolvency
      of Other Persons. If
      any of
      the events specified in parts (a) through (e) of Section 3.5 above occurs with
      respect to (a) any General Partner of Trustor, if Trustor is a partnership;
      (b)
      any of the Guarantors; or (c) any Manager of Trustor, if Trustor is a limited
      liability company;

     

    3.7
      Performance
      of Obligations to Senior Lien Holders. If
      Trustor fails to pay any of its indebtedness or to perform any of its
      obligations under any agreement between Trustor and any other Person who holds
      a
      Lien senior to this Deed of Trust when due, provided Beneficiary determines
      in
      good faith that such failure has an actual or potential material adverse effect
      on the Property or Trustor's ability to perform any or all of the Obligations.
      Nothing contained in this Section constitutes or shall be construed as
      Beneficiary's consent to any Lien being placed on the Property which is senior
      to the lien of this Deed of Trust;

     

    3.8
      Attachment.
      If all
      or any material part of the assets of Trustor, any of the Guarantors, or any
      General Partner or Manager of Trustor are attached, seized, subjected to a
      writ
      or levied upon by any court process and Trustor fails to cause such attachment,
      seizure, writ or levy to be fully released or removed within forty-five (45)
      days after the occurrence of such event. The cure
      provision contained in this Section shall be in lieu of, and not in addition
      to,
      any and all other cure periods contained in the Loan
      Documents;

     

    3.9
      Injunctions. If
      a
      court order is entered against Trustor, any of the Guarantors, or any General
      Partner or Manager of Trustor enjoining the conduct of all or part of such
      Person's business and Trustor fails to cause such injunction to be fully stayed,
      dissolved or removed within forty-five (45) days after such order is entered.
      The cure provision contained in this Section shall be in lieu of, and not in
      addition to, any and all other cure periods contained in the Loan
      Documents;

     

    3.10
      Dissolution.
      If
      Trustor, any of the Guarantors, or any General Partner or Manager of Trustor
      is
      a corporation, partnership, limited liability company or trust, the dissolution,
      liquidation, or termination of existence of such Person;

     

    3.11
      Transfers
      of Partnership Interests. If
      Trustor is a partnership (a) the admission, withdrawal, death, retirement,
      or
      removal of any General Partner of Trustor; (b) the sale or transfer of an
      aggregate of more than twenty-five percent (25%) of the beneficial interests
      in
      Trustor; or (c) Beneficiary's receipt of any conflicting written instructions
      or
      written demands relating to the Loan from any partners of Trustor;

     

    3.12
      Transfers
      of Corporate Ownership. If
      Trustor is a corporation, the sale or transfer of an aggregate of more than
      twenty-five percent (25%) of any class of stock in such corporation or the
      issuance by such corporation of additional stock to any Person who is not a
      shareholder in such corporation as of the date of this Deed of
      Trust;

     

    3.13
      Transfer
      of Manager's Interests. If
      Trustor is a limited liability company, (a) the appointment, withdrawal, death,
      retirement or removal of any Manager of Trustor; (b) the sale or transfer of
      an
      aggregate of more than twenty-five percent (25%) of the beneficial interests
      of
      Trustor; or (c) Beneficiary's receipt of any conflicting written instructions
      or
      written demands relating to the Loan from any members of Trustor;

     

    3.14
      Death:Incompetency. If
      Trustor, any of the Guarantors, or any General Partner or Manager of Trustor
      is
      an individual, the death or incompetency of such Person, except where applicable
      law limits or prohibits Beneficiary's declaration of a default based on such
      occurrences; provided, however, that Beneficiary shall not declare an Event
      of
      Default to exist based solely on the death or mental incompetence of any
      individual Guarantor, General Partner, or Manager if, within ninety (90) days
      after the occurrence
      of such event, (a) in the case of the death or mental incompetence of a
      Guarantor, Trustor causes a substitute guarantor
      to
      execute and deliver to Beneficiary a continuing guaranty in the form previously
      executed by the affected Guarantor, and Beneficiary in good faith determines
      that such substitute guarantor's financial condition is comparable to that
      of
      the affected Guarantor and that such substitute Guarantor is otherwise
      reasonably acceptable to Beneficiary; and (b) in the case of the death or
mental
      incompetence of a General Partner or Manager, Trustor causes a substitute
      general partner or manager, as applicable, to be
      admitted
      to Trustor or appointed, and Beneficiary in good faith determines that the
      financial condition, credit history, character, experience, ability and
      expertise of such substitute general partner or manager are comparable to the
      affected General Partner or Manager and that such substitute general partner
      or
      manager is otherwise reasonably acceptable to Beneficiary;

     

    3.15
      Impairment
      of
      Priority.
      If (i)
      the priority of this Deed of Trust or Beneficiary's security interest under
      any
      of the other agreements securing any or all of the Obligations is impaired
      for
      any reason; or (ii) the value of the Property has deteriorated, declined or
      depreciated as a result of any intentional tortious act or omission by
      Trustor;

     

    3.16
      Condemnation. If
      any
      condemnation proceeding or action is pending or commenced by any Governmental
      Authority
      with respect to all or any material part of the Property, and such action or
      proceeding results in the Governmental Authority
      acquiring title to or possession of all or any material part of the
      Property;

     

    3.17
      Failure
      to Repair Casualty. If
      there
      is an uninsured casualty with respect to the Property, and Trustor (a) fails
      to
      commence repairs and reconstruction of the Property within sixty (60) days
      after
      such damage; or (b) thereafter fails to diligently prosecute such repairs and
      reconstruction to completion;

     

    3.18
      Transfers
      of Property.
      If any
      of the events described in Section 2.15 above occurs without Beneficiary's
      prior
      written consent;

    

    

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    3.19
      Default
      by Guarantors. If
      any
      Guarantor fails to pay any of its indebtedness or perform any of its obligations
      under
      any
      of the Guaranties when due or the revocation, limitation or termination or
      attempted revocation, limitation or termination of
      any of
      the obligations of any Guarantor under any of the Guaranties, except in
      accordance with the express written terms of the Guaranties; or

     

    3.20
      Misrepresentation
      by Guarantors. If
      any
      request, statement, information, certification, or representation, whether
      written or oral, submitted or made by any Guarantor to Beneficiary in connection
      with the Loan or any other extension of credit by Beneficiary to Trustor or
      such
      Guarantor is false or misleading in any material respect; or

     

    3.21 Future
      Advances. Trustor
      shall deliver to Beneficiary any notice terminating or purporting to terminate,
      or Trustor shall take any other action to terminate or purporting to terminate,
      the operation of this Deed of Trust as security for any future advances or
      future obligations.

    ARTICLE
      4 

    REMEDIES

     

    Upon
      Beneficiary's election to declare Trustor to be in default under this Deed
      of
      Trust and the other Loan Documents pursuant to Article 3 above, Trustor shall
      be
      deemed to be in default under this Deed of Trust and the other Loan Documents,
      and Beneficiary shall have the following rights and remedies:

     

    4.1 Acceleration. Beneficiary
      shall have the right to declare any or all of the Obligations to be immediately
      due and payable, including the entire principal amount and all accrued but
      unpaid interest under the Note and all Future Advances, and notwithstanding
      the
      stated maturity of the Note or any Future Advances, such Obligations shall
      thereupon be immediately due and payable.

     

    4.2
      Entry
      by Beneficiary. Whether
      or not Beneficiary elects to accelerate any or all of the Obligations under
      Section 4.1 above, Beneficiary shall have the right (a) to enter, take
      possession of, and manage, operate and lease the Property; (b) to take
      possession of any or all Books and Records; (c) to collect any or all Rents
      and
      Profits, whether or not Beneficiary has taken possession of the Property; and
      (d) to take any or all actions which Beneficiary determines to be necessary
      or
      appropriate in connection therewith or to preserve, protect, maintain and defend
      the Property and Beneficiary's lien thereon, including (i) the exercise and
      enforcement of all of Trustor's rights under any or all of the Leases; (ii)
      the
      termination, acceptance of a surrender, modification
      or amendment of any or all of the Leases; (iii) the execution of new Leases
      on
      such terms and conditions as Beneficiary
      determines to be appropriate; and (iv) the repair, alteration, improvement
      or
      completion of the Property in such manner and to such extent as Beneficiary
      determines to be necessary or appropriate. If Beneficiary elects to take
      possession of the Property or to take any or all of the other actions described
      in this Section by court process, Trustor irrevocably and unconditionally agrees
      that a receiver may be appointed by a court for such purpose pursuant to Section
      4.6 below.

     

    4.3
      Judicial
      Action.
      Beneficiary shall have the right to commence an action or proceeding to
      foreclose this Deed of Trust
      and
      to enforce any or all of the terms of the Loan Documents, including specific
      performance of the covenants of Trustor under
      this
      Deed of Trust.

     

    4.4
      Foreclosure
      by Power of Sale.

     

    (a)  Declaration
      and Notice of Default. Beneficiary
      shall have the right (i) to cause the Property to be sold under the power of
      sale contained in this Deed of Trust at a front door (to be designated by
      Trustee) of the Circuit Court House of the county in which the Property is
      located or in such other manner permitted by applicable law; and (ii) to deliver
      to Trustee a written statement of breach and non-performance. Upon the
      expiration of such period of time after the giving of such notice of sale as
      may
      then be required by law by the Trustee, and without the necessity of any demand
      on Trustor, Trustee, at the time and place specified in the notice of sale,
      shall sell the Property at public auction to the highest bidder for cash in
      lawful money of the United States payable at the time of sale or authorized
      credit bid by Beneficiary.

     

    (b)  Postponements:
      Multiple Parcels.
      To the
      extent permitted by law, Trustee may, and upon request of Beneficiary shall,
      from time to time, postpone any sale hereunder by public announcement at the
      time and place noticed for such sale or may, in its discretion, give a new
      notice of sale. If the Property consists of several lots, parcels or items
      of
      property, Beneficiary shall have the exclusive right (i) to designate the order
      in which such lots, parcels or items shall be offered for sale or sold; and
      (ii)
      to elect to sell such lots, parcels or items through a single sale, through
      two
      or more successive sales, or in any other manner Beneficiary determines to
      be in
      its best interest. Any Person, including Trustor, Trustee and Beneficiary,
      may
      purchase at any sale under this Deed of Trust, and Beneficiary shall have the
      right to purchase at any such sale by crediting upon the bid price the amount
      of
      all or any part of the Obligations. If Beneficiary determines to sell the
      Property in more than one sale, Beneficiary may, at its option, cause such
      sales
      of the Property to be conducted simultaneously or successively, on the same
      day
      or on such different days or times and in such order as Beneficiary may
      determine, and no such sale shall terminate or otherwise affect the lien of
      this
      Deed of Trust on any part of the Property that has not been sold until all
      Obligations have been paid in full.

     

    (c)  Costs
      of Sale; Deed to Purchaser. Trustor
      shall pay all costs, fees, and expenses of all sales of the Property under
      this
      Deed of Trust, including the costs, fees, and expenses (including attorneys'
      fees) of Trustee and Beneficiary, together
      with interest thereon at the interest rate applicable to principal under the
      Note or, with respect to Trustee, the maximum rate

     

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    permitted
      by law to be charged by Trustee. Upon any sale under the power of sale contained
      in this Deed of Trust, Trustee shall execute and deliver to the purchaser or
      purchasers a deed or deeds conveying the property so sold, but without any
      covenant or warranty whatsoever, express or implied. The recitals in any such
      deed or deeds of any matter or facts, including the existence of any default
      by
      Trustor, the giving of notice of sale, and other facts affecting the regularity
      or validity of such sale or sales, shall be conclusive proof of the truth of
      such facts and matters, and any such deed or deeds shall be conclusive against
      all Persons as to such facts and matters recited therein. A sale of less than
      all of the Property or any defective or irregular sale under this Deed of Trust
      shall not exhaust, impair or otherwise affect the power of sale contained in
      this Deed of Trust, and subsequent sales of the Property may be made under
      this
      Deed of Trust until all Obligations have been satisfied or until the entire
      Property has been sold without defect or irregularity. If Beneficiary elects
      to
      cause the Property to be sold under the power of sale contained in this Deed
      of
      Trust, Beneficiary shall deposit with the Trustee this Deed of Trust, the Note,
      and such receipts and evidence of such other Obligations as Trustee may
      reasonably require.

     

    4.5
      Application
      of Sale Proceeds. Trustee
      shall apply the proceeds of the sale or sales conducted by Trustee as provided
      by applicable law or in the following order of priority: (a) first, to payment
      of all expenses of such sale or sales and all costs, expenses, fees, and
      liabilities of Trustee and this trust, including attorneys' fees, costs of
      a
      trustee's sale guaranty, costs of other evidence of title, and Trustee's fees
      in
      connection with such sale or sales; (b) second, to all amounts advanced by
      Trustee or Beneficiary under any of the terms of this Deed of Trust which have
      not then been repaid, together with interest thereon at the rate applicable
      to
      principal under the Note or, with respect to Trustee, the maximum rate permitted
      by law to be charged by Trustee; (c) third, to the payment of all other
      Obligations in such order and amounts as Beneficiary determines; and (d) the
      remainder, if any, to the Person or Persons legally entitled
      thereto.

     

    4.6
      Appointment
      of a Receiver. Beneficiary
      shall have the absolute and unconditional right to apply to any court having
      jurisdiction and obtain the appointment of a receiver or receivers of the
      Property, and Trustor irrevocably and unconditionally consents to such
      appointment and agrees that Beneficiary shall have the right to obtain such
      appointment (a) without notice to Trustor or any other Person; (b) without
      regard to the value of the Property or any other collateral securing the
      Obligations or the solvency
      of Trustor; and (c) without acceleration of the Obligations or commencement
      of
      foreclosure proceedings under this Deed of
      Trust.
      Any such receiver or receivers shall have the usual powers and duties of
      receivers in similar cases and all powers and duties necessary or appropriate
      to
      exercise the rights of Beneficiary as provided in this Deed of
      Trust.

     

    4.7 Protection
      of Beneficiarv's Security. Beneficiary
      or Trustee, without obligation to do so and without notice to or demand on
      Trustor, and without releasing Trustor from any of its Obligations or waiving
      Beneficiary's rights under the Loan Documents, shall have the right to perform
      any Obligation which Trustor has breached in such manner, at such time, and
      to
      such extent as Beneficiary or Trustee determines to be necessary or appropriate
      to preserve, protect, maintain and defend the Property and Beneficiary's lien
      thereon.

     

    4.8
      Assembly
      ofProperty. Upon
      Beneficiary's request, Trustor shall assemble and make available to Beneficiary
      at the location of the Land all Property which has been removed from or which
      is
      not located on the Land.

     

    4.9
      Discontinuation
      of Disbursements Under Loan and Advances under Other Extensions of
      Credit. Beneficiary
      shall have the (a) right to discontinue or withhold any or all disbursements
      of
      the proceeds of the Loan and any Future Advances; and (b) to discontinue
      advancing money or extending credit to or for the benefit of Trustor in
      connection with any other document between Beneficiary and Trustor.

     

    4.10
      Rescission
      of Notice of Sale. Prior
      to
      the conduct of any sale under the power of sale contained in this Deed of Trust,
      Beneficiary, at its option, shall have the right to rescind any notice of sale
      by delivering to Trustee a written notice of rescission executed by Beneficiary
      which, when recorded, shall cancel the foreclosure proceedings which have been
      commenced by the recordation of such notice of sale. Beneficiary's rescission
      of
      any notice of sale pursuant to this Section or under applicable law shall not
      constitute or be construed as a waiver of any Event of Default or impair,
      prejudice or otherwise affect (a) Beneficiary's right to record a new notice
      of
      sale based on the same or any other Event of Default; or (b) Beneficiary's
      rights and remedies in connection with the Obligations.

     

    4.11
      Easements. Without
      limiting the effect of any right or remedy exercised by Beneficiary under the
      Loan Documents, any Easements granted by Trustor or other agreement made by
      Trustor in violation of any of the terms of this Deed of Trust shall, at the
      option of any purchaser at any judicial or nonjudicial foreclosure sale under
      this Deed of Trust, be voidable, and any such purchaser shall have the right
      to
      take possession of the Property free from the terms of such Easement or
      agreement.

     

    4.12
      Exercise
      of Rights Under Other Loan Documents. Beneficiary
      shall have the right to exercise any or all rights and remedies which
      Beneficiary may have under any or all of the other Loan Documents and applicable
      law.

     

    4.13
      Creation
      of Tenancy Relationship. Trustor
      reserves possession of the Property as a tenant at will of Trustee, at a rental
      of One Dollar ($1.00) per month payable on demand, until an Event of Default
      shall have occurred, whereupon Trustor (i) shall
      pay
      monthly in advance to Beneficiary the fair and reasonable rental value, which
      amount shall be determined by Beneficiary in
      Beneficiary's reasonable judgment, for the use and occupation of the Property,
      and (ii) upon demand of Trustee, shall deliver possession of the Property to
      Trustee or the purchaser at any Trustee's sale hereunder. Trustee or any such
      purchaser may institute summary or other proceedings in such event to recover
      possession of the Property.

    

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ARTICLE
      5

    WARRANTIES
      AND REPRESENTATIONS

     

    5.1
      Warranties
      and Representations. As
      a
      material inducement to the Beneficiary's extension of credit to Trustor in
      connection with the Loan, Trustor warrants and represents to the Beneficiary
      as
      follows:

     

    (a)  Corporate
      Existence.
      If
      Trustor is a corporation, Trustor is duly organized, validly existing and in
      good standing under the laws of the state of its incorporation, and Trustor
      is
      qualified to do business and is in good standing under the laws of the state
      in
      which the Property is located.

     

    (b)  Partnership
      or Limited Liability Company
      Existence. If
      Trustor is a partnership or limited liability company, Trustor is duly
      organized, validly existing and in good standing under the laws of the state
      in
      which Trustor is organized, and Trustor is qualified to do business and is
      in
      good standing under the laws of the state in which the Property is
      located.

     

    (c)  Existence
      of Trust.
      If
      Trustor is a trust, Trustor is duly organized and validly existing, and the
      trustees of Trustor are qualified to act in such capacity.

     

    (d)  Authority. Trustor
      has the full power and authority to carry on its business and to enter into
      and
      perform all of
      its
      obligations under the Loan Documents, and the Loan Documents, when executed
      by
      the Persons signing this Deed of Trust
      on
      behalf of Trustor, shall constitute legal, valid and binding obligations of
      Trustor enforceable in accordance with their respective terms. The Persons
      executing this Deed of Trust on behalf of Trustor are duly authorized to execute
      the Loan Documents and all other documents required by Beneficiary in connection
      with the Loan on behalf of Trustor. No consent of any other Person and no
      consent, approval, authorization or other action by or filing with any
      Governmental Authorities is required in connection with the execution, delivery
      and performance of Trustor's obligations under the Loan Documents.

     

    (e)  No Violations. The
      consummation of the transactions contemplated by the Loan Documents and the
      performance of Trustor's obligations thereunder will not result in a breach
      or
      violation of (i) any Governmental Requirements of any Governmental Authorities
      or any judgment, writ, injunction, decree or order of any court relating to
      Trustor or the Property; (ii) any mortgage, agreement, commitment, restriction,
      or other document to which Trustor is a party or by which Trustor or the
      Property is bound; (iii) Trustor's agreement or certificate of limited
      partnership, if Trustor is a limited partnership; (iv) Trustor's agreement
      or
      statement of partnership, if Trustor is a general partnership; (v) Trustor's
      articles of incorporation or bylaws, if Trustor is a corporation; (vi) Trustor's
      trust agreement, if Trustor is a trust; or (vii) Trustor's articles of
      organization or operating agreement, if Trustor is a limited liability
      company.

     

              (f)  Utilities.
      All
      utility services necessary for the use and occupancy of the Property, including
      water, storm drains, sewers, gas, electric and telephone facilities, are either
      available at the boundaries of the Land or, if this Deed of Trust secures a
      construction loan, Trustor has taken all necessary steps to assure that all
      such
      utility services will be available upon completion of the
      Improvements.

     

               (g)  Access.
      All
      public streets and rights of way necessary for the use and occupancy of the
      Property have been completed or, if this Deed of Trust secures a construction
      loan, Trustor has taken all necessary steps to assure that such public streets
      and rights of way shall be completed upon completion of the
      Improvements.

     

    (h)  Governmental
      Restrictions.
      To the
      best of Trustor's knowledge, there are no conditions or restrictions
affecting
      the use or development of the Property and no agreements or contracts with
      any
      Governmental Authorities, including local,
      regional, state, or federal governmental authorities, affecting the use or
      development of the Property which have not been disclosed in writing by Trustor
      to Beneficiary.

     

    (i)  Litigation.
      To the
      best of Trustor's knowledge, there are no actions, suits, proceedings or
      investigations pending or threatened against or affecting Trustor or the
      Property in any court or before any other Governmental Authorities, nor does
      Trustor know of any basis for any such action, suit, proceeding or
      investigation.

     

    (j)  Ownership. Upon
      recordation of this Deed of Trust, Trustor will be the sole legal and beneficial
      owner of, and will have good and marketable title to, the Property and all
      other
      collateral which is the subject of the Loan Documents.

     

    (k)  Liens. To
      the
      best of Trustor's knowledge, there are no Liens, claims, encroachments,
      Covenants and Restrictions, Leases, Easements, or other rights affecting the
      Property which would not be disclosed by a customary search of the records
      relating to the Land of the county recorder for the county in which the Property
      is located.

     

    (l)Condemnation. There
      is
      no condemnation, zoning change, or other proceeding or action pending or, to
      the
      best of Trustor's knowledge, threatened or contemplated by any Governmental
      Authority which would in any way affect the Property.

     

    (m)Repair
      Orders.
      To the
      best of Trustor's knowledge, no orders or directives have been issued by any
      Governmental Authorities requiring that any work of repair, maintenance or
      improvement be performed with respect to the Property.

     

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    (n)  Transfers.
      Trustor
      has not sold, transferred, leased or encumbered the Property or entered into
      any
      agreement for the sale, transfer, lease or encumbrance of the Property, except
      as described in the Loan Documents.

     

    (o)  No
      Affiliation With Tenants. Neither
      (i) Trustor; (ii) any General Partner or Manager of Trustor, if Trustor is
      a
      partnership or limited liability company, (iii) any shareholder in Trustor,
      if
      Trustor is a corporation; or (iv) any Guarantors have any direct or indirect
      financial or other interest in any Tenant, except for such interests as have
      been specifically disclosed to and approved in writing by Beneficiary prior
      to
      the date of recordation of this Deed of Trust.

     

    (p)  Financial
      Statements. All
      statements respecting the financial condition of Trustor, any General Partner
      or
      Manager of Trustor, and any Guarantors which have been furnished to the
      Beneficiary (i) are accurate and complete in all material respects as of the
      dates appearing thereon; (ii) present fairly the financial condition and results
      of operations of the Person to whom the financial statement applies as of the
      dates and for the periods shown on such statements; and (iii) disclose all
      suits, actions, proceedings and contingent liabilities affecting the Person
      to
      whom the financial statement applies. Since the last date covered by such
      financial statements, there has been no material adverse change in the financial
      condition of the Persons to whom such statements apply.

     

    (q)  Other
      Financinq. As
      of the
      date of recordation of this Deed of Trust, no other financing for the Property
      will be in effect or encumber the Property, except such subordinate financing
      as
      has been specifically disclosed to and approved in writing by Beneficiary prior
      to the date of recordation of this Deed of Trust.

     

    (r)  Commissions.
      Trustor
      has not dealt with any Person who is or may be entitled to any finder's fee,
      brokerage commission, loan commission or other similar sum in connection with
      the consummation of the transactions contemplated by the Loan Documents, except
      for such commissions as have been specifically disclosed to and approved in
      writing by Beneficiary prior to the date of recordation of this Deed of
      Trust.

     

    5.2
      Continuing
      Warranties and Representations.
      The
      warranties and representations contained in this Article 5 shall be true and
      correct as of the date of recordation of this Deed of Trust, shall survive
      the
      closing of the Loan, and shall remain true and correct as of the date on which
      such warranties and representations are given.

     

    ARTICLE
      6

     

    MISCELLANEOUS

     

    6.1
      Beneficiary
      Statement: Certain Charges. With
      respect to (a) any statement, accounting, or similar information requested
      by
      Trustor; or (b) any other document furnished to Trustor or any other Person
      by
      Beneficiary at Trustor's request, Beneficiary
      shall have the right to charge the maximum amount then permitted by law or,
      if
      there is no such maximum, Beneficiary's customary
      charge for providing such statement, accounting, or other information. Trustor
      shall pay Beneficiary its customary charge for
      any
      other service rendered by Beneficiary in connection with the Loan or the
      Property, including the issuance of a request for full
      or
      partial reconveyance of this Deed of Trust, transmitting Loan proceeds to an
      escrow holder and changing Beneficiary's records relating to the
      Obligations.

     

    6.2
      Reconvevance. Upon
      (a)
      Beneficiary's written request stating that all Obligations secured by this
      Deed
      of Trust have been paid or performed in full; (b) surrender to Trustee of this
      Deed of Trust, the Note and all other documents evidencing the indebtedness
      secured by this Deed of Trust; and (c) payment of Trustee's fees and expenses
      of
      this trust, Trustee shall reconvey the Property then held under this Deed of
      Trust without warranty of any kind. The recitals in the reconveyance of any
      matters or facts shall be conclusive proof of their truthfulness. The grantee
      in
      such reconveyance may be described as the "person or persons legally
      entitled thereto". Such reconveyance shall operate as a reassignment of the
      Rents and Profits assigned to Beneficiary under
      this
      Deed of Trust. Unless Trustee is directed by Beneficiary to retain such
      documents for a longer period of time, Trustee may destroy this Deed of Trust
      and the Note five (5) years after issuance of the full reconveyance; provided,
      however, that Trustee, in its sole discretion, may deliver this Deed of Trust
      and the Note after full reconveyance to the Person or Persons legally entitled
      thereto.

     

    6.3Substitution
      of Trustee.
      Beneficiary, at its option, shall have the right from time to time to appoint
      a
      successor trustee to any trustee appointed under this Deed of Trust by
      Beneficiary's execution and acknowledgment of a written instrument which is
      recorded in the office of the recorder of each county in which the Property
      is
      located. The recordation of such an instrument in accordance with this Section
      shall constitute conclusive proof of the proper substitution of a successor
      trustee under this Deed of Trust. Upon recordation of such an instrument, the
      successor trustee shall succeed to all the title, power and duties granted
      to
      the Trustee under this Deed of Trust and by applicable law without conveyance
      of
      the Property. Such instrument shall contain
      the name of the original Beneficiary, Trustee and Trustor named in this Deed
      of
      Trust, the book and page or other recording
      information for this Deed of Trust, and the name and address of the successor
      trustee. If a notice of sale has been recorded prior to the recordation of
      a
      substitution of trustee, the power of substitution shall not be exercised by
      Beneficiary until the costs, fees and expenses of the acting trustee have been
      paid in full and the acting trustee has endorsed acknowledgment of receipt
      of
      such amounts on the instrument substituting the successor trustee. Without
      limiting the terms of this Section, Beneficiary shall have the right from time
      to time to substitute a successor to any trustee appointed under this Deed
      of
      Trust in accordance with any statutory or other procedure allowed by law for
      such substitution.

     

    6.4
      Execution
      of Instruments by Beneficiary and Trustee.
      Without
      notice to or affecting the liability of Trustor or any other Person for the
      payment or performance of the Obligations, without affecting the lien or
      priority of this Deed of Trust or

    

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    Beneficiary's
      rights and remedies under the Loan Documents, and without liability to Trustor
      or any other Person, Beneficiary and Trustee (if Trustee is so requested in
      writing by Beneficiary) shall have the right, at any time and from time to
      time,
      to do any one or more of the following: (a) reconvey any part of the Property;
      (b) consent in writing to the making of any map or plat relating to the
      Property; (c) join in or consent to the granting of any Easement affecting
      the
      Property; and (d) execute any extension agreement relating to any or all of
      the
      Obligations, any document subordinating the lien of this Deed of Trust to any
      other Lien or document, or any other document relating to the Property,
      Obligations, or Loan Documents.

     

    6.5
      Trust
      Irrevocable: Acceptance by Trustee. The
      trust
      created by this Deed of Trust is irrevocable by Trustor. Trustee
      accepts this trust when this Deed of Trust, duly executed and acknowledged,
      is
      recorded in the county in which the Property
      is
      located as provided by law. Trustee is not obligated to notify any party of
      a
      pending sale under any other deed of trust or of any action or proceeding in
      which Trustor, Beneficiary or the Trustee shall be a party unless brought by
      the
      Trustee.

     

    6.6 Late
      Charges. If
      any
      payment under the Note or any note evidencing a Future Advance is not paid
      when
      due, Trustor shall pay any late charge provided for in the Loan
      Documents.

     

    6.7
      Requests
      by Trustor for Approvals by Beneficiary. All
      requests by Trustor for Beneficiary's consent to or approval of any transaction
      or matter requiring Beneficiary's consent or approval under the Loan Documents
      (a) shall be made by Trustor in writing; (b) shall specifically describe the
      transaction or matter with respect to which Beneficiary's consent or approval
      is
      requested; (c) shall be accompanied by such information and documentation as
      Beneficiary may require in connection with such request; and (d) shall be
      delivered to Beneficiary not less than fifteen (15) days before Trustor proposes
      to take the action or effect the transaction with respect to which Beneficiary's
      consent or approval is requested, unless a different period of time is expressly
      provided for in the Loan Documents.

     

    6.8
      Approvals
      by Beneficiary. Whenever
      (a) the terms of the Loan Documents grant Beneficiary the right to consent
      to or
      approve any transaction or matter; (b) Beneficiary is authorized or empowered
      under the Loan Documents to make a determination with respect to any transaction
      or matter; or (c) the Loan Documents provide that any document or other item
      must be approved by or acceptable to Beneficiary, then except as otherwise
      expressly provided in the Loan Documents, (i) Beneficiary shall have the right
      to grant or withhold such approval or consent and make such determination in
      its
      sole and absolute discretion; and (ii) the form and substance of such document
      or other item must be satisfactory to Beneficiary in its sole and absolute
      discretion. Whenever the terms of the Loan Documents require Beneficiary's
      consent to or approval of any transaction, matter, or document, such consent
      or
      approval shall not be deemed to be effective unless it is set forth in a written
      instrument executed by Beneficiary.

     

    6.9
      Transfers
      by Trustor: No Release of Trustor. The
      following provisions shall apply if Trustor sells, conveys, transfers or
      alienates the Property or any interest in the Property with or without
      Beneficiary's consent:

     

    (a)  No
      Release of Trustor.
      No such
      action by Trustor nor any assumption of any or all of the Obligations by any
      transferee of the Property ("Transferee") shall be deemed to release Trustor
      or
      any other Person, including any Guarantor, from any liability under the terms
      of
      the Loan Documents, and Trustor and such Persons shall remain liable to
      Beneficiary for the payment and performance of all of their respective
      obligations under the Loan Documents.

     

    (b)  Actions
      Without Trustor's Consent. Trustor
      agrees that Beneficiary may do any one or all of the following without notice
      to
      or the consent of Trustor and without affecting Beneficiary's rights or remedies
      against Trustor: (i) accelerate, accept partial payment of, compromise, settle,
      renew, extend the time for payment or performance of, or refuse to enforce
      any
      of Trustor's Obligations to Beneficiary under or in connection with this Deed
      of
      Trust or any of the other Loan Documents; (ii) grant any indulgence or
      forbearance to the Transferee or any other Person under or in connection with
      any or all of the Loan Documents; (iii) release, waive, substitute or add any
      or
      all collateral securing payment of any or all of the Obligations; (iv) release,
      substitute or add any one or more endorsers or guarantors of any or all of
      the
      Obligations; (v) amend, supplement, alter or change in any respect whatsoever
      any term or provision of the Loan Documents or any other agreement relating
      to
      the Obligations; and (vi) exercise any right or remedy with respect to the
      Obligations or any collateral securing the Obligations, notwithstanding any
      effect on or impairment of Trustor's subrogation, reimbursement or other rights
      against the Transferee.

     

    (c)  Waivers. Trustor
      waives all rights which it may have (i) to require Beneficiary to exhaust its
      rights and remedies against the Transferee, any other Person, or any collateral
      securing any or all of the Obligations before pursuing its rights and remedies
      against Trustor; (ii) to require Beneficiary to exercise any right or power
      or
      to pursue any remedy which Beneficiary may have under the Loan Documents or
      applicable law before pursuing its rights and remedies against Trustor; and
      (iii) to assert any defense to Beneficiary's enforcement of its rights and
      remedies against Trustor based on an election of remedies by Beneficiary or
      the
      manner in which Beneficiary exercises any remedy which destroys, diminishes
      or
      interferes with any or all of Trustor's subrogation, reimbursement or other
      rights against the Transferee.

     

    6.10
      Taxes
      Imposed on Beneficiary. If,
      after
      the date of this Deed of Trust, any Governmental Requirements are enacted for
      the purpose of taxing any lien on the Property or changing in any way the laws
      for the taxation of deeds of trust or debts secured by deeds of trust, so as
      to
      impose on Beneficiary payment of all or part of any Taxes assessed against
      the
      Property, then prior to the due date of such Taxes, Trustor shall pay all such
      Taxes and agree to pay such Taxes when levied or assessed against the Property
      or Beneficiary; provided, however, that if such payment or agreement by Trustor
      shall not be permitted by law, Beneficiary, at its option, shall have the right
      to declare any or all of the Obligations to be immediately due and payable
      upon
      notice to Trustor. Nothing contained in this Section shall be deemed to require
      Trustor to pay any franchise, estate, inheritance, income or similar tax imposed
      on Beneficiary.

    

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    6.11
      Recourse
      Against Separate Property. Each
      Trustor who is a married person agrees that Beneficiary shall have the right
      to
      recourse against his or her community property and separate property for any
      or
      all Obligations to the fullest extent permitted by law.

     

    6.12
      Defense
      of Actions and Protection of Security by Beneficiary. Whether
      or not an Event of Default has occurred, Beneficiary and Trustee shall each
      have
      the right, but not the obligation, to appear in and defend any action or
      proceeding, whether commenced by or against Trustor, any of the Guarantors,
      or
      any other Person, which affects or which Beneficiary or Trustee determines
      may
      affect any or all of the following: (a) the Property; (b) the Insurance Claims,
      Condemnation Claims, or Property Claims; (c) Beneficiary's, Trustee's, or
      Trustor's respective rights and obligations under the Loan Documents; (d) the
      Obligations; or (e) any other transaction or matter which affects Beneficiary
      by
      reason of its interest in the Property. Beneficiary and Trustee shall each
      have
      the right, but not the obligation, to commence and prosecute any action or
      proceeding which Beneficiary or Trustee determines to be necessary or
      appropriate to do any or all of the following: (i) prevent any damage,
destruction,
      or injury to the Property; (ii) enforce or recover upon the Insurance Claims,
      Condemnation Claims, or Property Claims or
      collect
      the Insurance Proceeds, Condemnation Proceeds, or Property Proceeds pursuant
      to
      this Deed of Trust; (iii) preserve, protect, maintain, and defend the Property
      and Beneficiary's lien thereon; or (iv) enforce or exercise any right, remedy
      or
      power available to or conferred on Beneficiary or Trustee under the Loan
      Documents or applicable law. Beneficiary and Trustee shall each have the right
      to discontinue, suspend or dismiss any such action or proceeding which has
      been
      commenced by Beneficiary or Trustee at any time.

     

    6.13
      Expenses. Beneficiary
      and Trustee, and each of them, shall have the right to incur and pay all costs,
      fees, expenses, and liabilities that Beneficiary and Trustee, respectively,
      determine to be necessary or appropriate in connection with any or all of the
      following matters (all such costs, fees, expenses and liabilities, excluding
      ordinary overhead expenses of Beneficiary's and Trustee's respective regular
      business premises and salary expenses for Beneficiary's and Trustee's respective
      clerical and supervisory personnel, are referred to collectively as the
      "Reimbursable Costs"): (a) costs and expenses incurred in the management,
      servicing, or administration of the Loan and any Future Advances which relate
      to
      Beneficiary's review of those documents, transactions or other matters requiring
      Beneficiary's approval under the terms of the Loan Documents; (b) the exercise
      of any or all of Beneficiary's and Trustee's respective rights and remedies
      under the Loan Documents, including (i) all premiums and other costs and
      expenses paid or incurred by Beneficiary in connection with Beneficiary's
      obtaining any Insurance Policies; and (ii) all costs and expenses, including
      attorneys' fees and costs, incurred in connection with Beneficiary's review,
      preparation, analysis, or negotiation, as applicable, of any of the further
      documents or other matters that are contemplated by the Loan Documents or that
      Beneficiary has the right to require, review or approve pursuant to the Loan
      Documents, including Leases, estoppel certificates from any Tenant under any
      Lease or from any other Person, and non-disturbance, subordination or attomment
      agreements
      by any Tenant under any Lease or by any other Person; (c) the enforcement of
      any
      or all of the Obligations or any other
      obligation of any Person liable to Beneficiary in connection with the Loan
      or
      any Future Advance, whether or not any legal action or proceeding is commenced
      by Beneficiary; (d) the preservation, protection, maintenance, or defense of
      the
      Property or Beneficiary's lien thereon; (e) the sale or disposition of the
      Property or any other collateral securing any or all of the Obligations; (f)
      the
      defense of any action or proceeding commenced by Trustor, any of the Guarantors,
      or any other Person under Section 6.12 above; or (g) the commencement and
      prosecution of any action or proceeding by Beneficiary or Trustee with respect
      to any or all of the matters described in this Section or in Section 6.12 above,
      including an action for relief from any stay, injunction, or similar order
      or
      enactment arising under any federal or state bankruptcy, insolvency or similar
      law. Without limiting the terms of this Section, Beneficiary shall have the
      right to do any or all of the following in connection with any of the matters
      described in this Section, and all costs, fees, expenses, and liabilities
      incurred or paid in connection therewith shall constitute Reimbursable Costs:
      (1) select, retain, and consult with attorneys, accountants, appraisers,
      contractors, brokers, architects, engineers and such other experts, consultants,
      advisors and third Persons as Beneficiary determines to be necessary or
      appropriate; (2) settle, purchase, compromise or pay any or all claims, demands,
      and Liens; and (3) obtain any trustee's sale guaranty or other title insurance
      coverage relating to the Property which Beneficiary determines to be necessary
      or appropriate.

     

    6.14
      Payment
      of Advances by Trustor. All
      Reimbursable Costs and all other costs, fees, expenses and liabilities incurred
      or paid by Beneficiary under any other provision of the Loan Documents or under
      applicable law in connection with the Obligations or the Property (a) shall
      be
      payable by Trustor to Beneficiary on Beneficiary's demand; (b) shall constitute
      additional indebtedness of Trustor to Beneficiary; (c) shall be secured by
      this
      Deed of Trust; and (d) shall bear interest from the date of expenditure at
      the
      rate of interest applicable to principal under the Note. All Reimbursable Costs
      and all other costs, fees, expenses and liabilities incurred or paid by Trustee
      under this Deed of Trust or under applicable law in connection with this Deed
      of
      Trust shall be payable by Trustor to Trustee on Trustee's demand and shall
      bear
      interest at the maximum rate permitted to be charged by Trustee under applicable
      law. Nothing contained in this Deed of Trust shall be deemed to obligate
      Beneficiary or Trustee (i) to incur any costs, fees, expenses, or liabilities;
      (ii) to make any appearances in or defend any action or proceeding; or (iii)
      to
      commence or prosecute any action or proceeding relating to any
      matter.

     

    6.15
      No
      Third Party Beneficiaries. The
      Loan
      Documents are entered into for the sole protection and benefit of Beneficiary,
      Trustor and Trustee and their respective permitted successors and assigns.
      No
      other Person shall have any rights or causes of action under the Loan
      Documents.

     

    6.16
      Notices.
      All
      notices and demands by Beneficiary to Trustor under this Deed of Trust shall
      be
      in writing and shall be effective on the earlier of personal delivery to Trustor
      or two (2) days after deposit in first-class or certified United States mail,
      postage prepaid, addressed to Trustor at the address set forth in this Deed
      of
      Trust, except that service of any notice of default or notice of sale provided
      or required by law shall, if mailed, be deemed effective on the date of mailing.
      All notices and demands by Trustor to Beneficiary under this Deed of Trust
      shall
      be in writing and shall be effective on actual receipt by Beneficiary at
      Beneficiary's address set forth in this Deed of Trust; provided, however, that
      nonreceipt of any such notice or demand by Beneficiary

     

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      as
        a
        result of Beneficiary's refusal to accept delivery or Beneficiary's failure
        to
        notify Trustor of Beneficiary's change of address shall be deemed receipt
        by
        Beneficiary. Trustor's and Beneficiary's respective addresses set forth in
        this
        Deed of Trust may be changed by written notice given to the other party in
        accordance with this Section. If Trustor consists of more than one Person,
        service of any notice or demand on any one of such Persons by Beneficiary
        shall
        be effective service on Trustor for all purposes.

    

     

    6.17
      Performance
      of Covenants. Trustor
      shall perform and comply with all of its obligations under this Deed of Trust
      at
      Trustor's sole cost and expense.

     

    6.18
      Severability. If
      any
      provision of the Loan Documents shall be held by any court of competent
      jurisdiction to be unlawful, voidable, void, or unenforceable for any reason,
      such provision shall be deemed to be severable from and shall in no way affect
      the validity or enforceability of the remaining provisions of the Loan
      Documents.

     

    6.19
      Interpretation. Whenever
      the context of the Loan Documents reasonably requires, all words used in the
      singular shall be deemed to have been used in the plural, and the neuter gender
      shall be deemed to include the masculine and feminine gender, and vice versa.
      For purposes of this Deed of Trust, all references to the Property or
      Improvements shall be deemed to refer to all or any part of the Property or
      Improvements, respectively. The headings to sections of this Deed of Trust
      are
      for convenient reference only, and they do not in any way define or limit any
      of
      the terms of this Deed of Trust and shall not be used in interpreting this
      Deed
      of Trust. For purposes of this Deed of Trust, the term "including" shall be
      deemed to mean "including without limitation," and the term "document" shall
      include all written contracts, commitments, restrictions, agreements, mortgages,
      and instruments.

     

    6.20
      Time
      of the Essence. Time
      is
      of the essence in the performance of each provision of the Loan Documents by
      Trustor.

     

    6.21
      Amendments. The
      Loan
      Documents (excluding the Guaranties) may be modified only by written agreement
      signed by Beneficiary and Trustor.

     

    6.22
      Entire
      Agreement. The
      Loan
      Documents contain the entire agreement concerning the subject matter of the
      Loan
Documents
      and supersede all prior and contemporaneous negotiations, agreements,
      statements, understandings, terms, conditions,
      representations and warranties, whether oral or written, between Beneficiary
      and
      Trustor concerning the Loan and any Future Advances which are the subject matter
      of the Loan Documents.

     

    6.23
      No
      Waiver by Beneficiary. No
      waiver
      by Beneficiary of any of its rights or remedies in connection with the
      Obligations or of any of the terms or conditions of the Loan Documents shall
      be
      effective unless such waiver is in writing and signed by Beneficiary. Without
      limiting the generality of this Section, (a) no delay or omission by Beneficiary
      in exercising any of its rights or remedies in connection with the Obligations
      shall constitute or be construed as a waiver of such rights or remedies; (b)
      no
      waiver by Beneficiary of any default by Trustor under the Loan Documents or
      consent by Beneficiary to any act or omission by Trustor shall constitute or
      be
      construed as a waiver of or consent to any other or subsequent default, act
      or
      omission by Trustor; (c) no disbursement of the proceeds of the Loan or any
      Future Advance by Beneficiary following any Event of Default shall constitute
      or
      be construed as a waiver of such Event of Default or obligate Beneficiary to
      make any other disbursement under the Loan Documents; (d) no acceptance by
      Beneficiary of any late payment or late or defective performance of any of
      the
      Obligations by Trustor shall constitute a waiver by Beneficiary of the right
      to
      require prompt payment and performance strictly in accordance with the Loan
      Documents with respect to any other payment or performance of any of the
      Obligations; (e) no acceptance by Beneficiary of any payment or performance
      following any notice of default which has been given or recorded by Beneficiary
      shall constitute a waiver of Beneficiary's right to proceed with the exercise
      of
      its remedies with respect to any Obligations which have not been paid or
      performed in full; (f) no acceptance by Beneficiary of any partial payment
      or
      performance shall constitute a waiver by Beneficiary of any of its rights or
      remedies relating to any Obligations which have not been paid or performed
      in
      full; and (g) no application of Rents and Profits, Insurance Proceeds,
      Condemnation Proceeds or Property Proceeds to any of the Obligations shall
      constitute or be construed as a waiver by Beneficiary or cure of any Event
      of
      Default or impair, prejudice, invalidate or otherwise affect any action by
      Beneficiary or Trustee in response to such default.

     

    6.24
      Waivers
      by Trustor. Trustor
      waives presentment, demand for payment, protest, notice of demand, dishonor,
      protest and non-payment, and all other notices and demands in connection with
      the delivery, acceptance, performance, default under, and enforcement of the
      Loan Documents. Trustor waives the right to assert any statute of limitations
      as
      a defense to the enforcement of any or all of the Loan Documents to the fullest
      extent permitted by law.

     

    6.25
      Waiver
      of Marshallinq. Trustor
      and all Persons holding a Lien affecting the Property who have actual or
      constructive notice of this Deed of Trust waive (a) all rights to require
      marshalling of assets or liens in the event of Beneficiary's exercise of any
      of
      its rights and remedies under this Deed or Trust, including any judicial or
      nonjudicial foreclosure sale of the Property; (b) all rights to require
      Beneficiary to exhaust its rights and remedies against any other collateral
      securing any or all of the Obligations before pursuing its rights and remedies
      under this Deed of Trust; and (c) all rights to require Beneficiary to exercise
      any other right or power or to pursue any other remedy which Beneficiary may
      have under any document or applicable law before pursuing its rights and
      remedies under this Deed of Trust.

     

    6.26
      Waiver
      of
      Subrogation. Trustor
      waives all rights to recover against Beneficiary for any loss or damage incurred
      by Trustor from any cause which is insured under any of the Insurance Policies,
      except that the foregoing waiver of subrogation shall not be effective with
      respect to any Insurance Policy if the coverage under such policy would be
      materially reduced or impaired

    

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      as
        a
        result of such waiver. Trustor shall use its best efforts to obtain Insurance
        Policies which permit the waiver of subrogation contained in this
        Section.

    

     

    6.27
      Cumulative
      Remedies. No
      right
      or remedy of Beneficiary or Trustee under this Deed of Trust or the other Loan
      Documents shall be exclusive of any other right or remedy under the Loan
      Documents or to which Beneficiary or Trustee may be entitled. Beneficiary's
      rights and remedies under the Loan Documents are cumulative and in addition
      to
      all other rights and remedies which Beneficiary may have under any other
      document with Trustor and under applicable law. Beneficiary shall have the
      right
      to exercise any one or more of its rights and remedies in connection with the
      Obligations at Beneficiary's option and in its sole and absolute discretion,
      without notice to Trustor or any other Person (except as otherwise expressly
      required by law or under the Loan Documents), and in such order as Beneficiary
      may determine in its sole and absolute discretion. If Beneficiary holds any
      collateral in addition to the Property for any of the Obligations, Beneficiary,
      at its option, shall have the right to pursue its rights or remedies with
      respect to such other collateral either before, contemporaneously with, or
      after
      Beneficiary's exercise of its rights or remedies with respect to the Property.
      Upon the occurrence of an Event of Default, Beneficiary, at its option, shall
      have the right to offset against any debt or monies due from Beneficiary to
      Trustor against all or part of the Obligations.

     

    6.28
      Subrogation
      to Lien Rights. If
      any or
      all of the proceeds of the Note or any Future Advance are directly or
indirectly
      used to pay any outstanding Lien against the Property, or if Beneficiary pays
      or
      discharges any Lien pursuant to any of the
      terms of
      the Loan Documents or under applicable law, Beneficiary shall be subrogated
      to
      all rights and liens held by the holder of such Lien, regardless of whether
      such
      Lien is reconveyed.

     

    6.29
      Joint
      and Several Liability. Each
      Person signing this Deed of Trust as Trustor shall be jointly and severally
      liable to Beneficiary for the performance of Trustor's obligations under the
      Loan Documents. If Trustor consists of more than one Person, the occurrence
      of
      any Event of Default with respect to any one or more of such Persons shall
      constitute an Event of Default and entitle Beneficiary to exercise its rights
      and remedies under Article 4 of this Deed of Trust.

     

    6.30
      Sale
      of Loan Documents and Participations. Beneficiary
      shall have the right to sell, transfer, pledge or assign any or all of Loan
      Documents or sell, transfer, pledge or assign participations in the Loan
      Documents to any other Person without notice to or the consent of Trustor or
      any
      other Person; provided, however, that no such sale of a participation shall
      relieve Beneficiary of any of its obligations under the Loan Documents.
      Beneficiary is authorized to disclose to any participant, assignee or
      prospective participant or assignee all documents and information in
      Beneficiary's possession or control relating to Trustor, the Guarantors, the
      Obligations or the Property, provided that such disclosure shall be made
      exclusively in connection with the proposed assignment of Loan Documents or
      sale
      of a participation. Trustor's obligations to indemnify Beneficiary under the
      Loan Documents shall apply with respect to each such participant and such
      participant's officers, directors, agents, employees, representatives,
      shareholders, affiliates, successors and assigns, with the same force and effect
      as the same indemnification obligations apply with respect to Beneficiary and
      its officers, directors, agents, employees, representatives, shareholders,
      affiliates, successors and assigns.

     

    6.31
      Applicable
      Law: Jurisdiction. The
      Loan
      Documents shall be governed by and construed in accordance with the laws of
      the
      State of Missouri, except that the Guaranties shall be governed by and construed
      in accordance with the laws of the State of California. Trustor consents to
      personal jurisdiction over Trustor by the courts of the State of Missouri and
      agrees that service of process on Trustor may be effected by certified or
      registered mail, return receipt requested, directed to Trustor at its address
      shown in this Deed of Trust.

     

    6.32
      Successors. Subject
      to the restrictions contained in the Loan Documents, the Loan Documents shall
      be
      binding upon and inure to the benefit of Beneficiary and Trustor and their
      respective permitted successors and assigns.

     

    6.33
      Power
      ofAttorney. Trustor
      irrevocably appoints Beneficiary, with full power of substitution, as Trustor's
      attorney-in-fact, coupled with an interest, with full power, in Beneficiary's
      own name or in the name of Trustor (a) to take any or all of the actions
      specified in Article 4 above with respect to the Property; and (b) to sign
      and
      record notices of completion, notices of cessation
      of labor, and any other similar notice or document which Beneficiary determines
      to be necessary or appropriate to protect
      its
      interests in connection with the Obligations. Beneficiary shall have the right
      to exercise the power of attorney granted in this Section directly or to
      delegate all or part of such power to one or more agents of Beneficiary. Nothing
      contained in this Deed of Trust shall be construed to obligate Beneficiary
      to
      act on behalf of Trustor as attorney-in-fact.

     

    6.34
      No
      Merger. There
      shall be no merger of any estate in the Property which Trustor acquires after
      the date of this Deed of Trust with all or any portion of the estate in the
      Property which Trustor holds as of the date of this Deed of Trust, unless
      Beneficiary shall expressly agree otherwise in writing.

     

    6.35
      Request
      for Notices. Trustor
      hereby requests that a copy of any notice of sale as may be required by law
      be
      mailed to Trustor at its address stated above.

     

    ARTICLE
      7

     

    UNIFORM
      COMMERCIAL CODE SECURITY AGREEMENT

     

    7.1
      Uniform
      Commercial Code Security Agreement. Article
      7
      of this Deed of Trust constitutes a security agreement pursuant to the Uniform
      Commercial Code of the State in which the Property is located (the "Code").
      All
      terms that are used in this

    

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      Article
        7
        but which are not specifically defined in this Deed of Trust shall have the
        meanings given go such terms in the Code. To secure payment and performance
        of
        the Obligations, Trustor grants Beneficiary a security interest in all now
        owned
        and hereafter acquired personal property of Trustor now or hereafter located
        on
        the Property or now or hereafter obtained for, used connection with, or
        otherwise relating to the design, planning, construction, development, use,
        operation, maintenance, or marketing of the Property (collectively, the
        "Personal Property Collateral"), including the following: (a) all fixtures,
        machinery, machines, motor vehicles, tools, parts, equipment, pumps, engines,
        motors, boilers, incinerators, building materials, inventory, supplies, goods,
        systems for the supply or distribution of heat, air conditioning, electricity,
        gas, water, air or light, elevators and related machinery and equipment,
        fire
        prevention and extinguishing equipment, security and access control equipment,
        plumbing, showers, bath tubs, water heaters, toilets, sinks, stoves, ranges,
        refrigerators, dishwashers, disposals, laundry equipment, wall, window and
        floor
        coverings, partitions, doors, windows, hardware, waste and rubbish removal
        equipment, recreational equipment, signs, furniture, furnishings, appliances,
        telephone equipment, computer systems, office equipment and supplies, plants,
        carpets, rugs, sculptures, art work, mirrors, tables, lamps, beds, television
        sets, light fixtures, chandeliers, desks, cabinets, bookcases, chairs, sofas,
        benches, and janitorial and maintenance equipment and supplies, and all
        substitutions, accessories, accessions, replacements, improvements, and
        additions to any or all of the foregoing; (b) all deposits, advance payments,
        security deposits, and rental payments made by or on behalf of Trustor to
        others
        in connection with the Property and relating to any or all of the following:
        (i)
        management or operational services; (ii) marketing services; (iii)
        architectural, engineering, or design services; (iv) utility services; (v)
        cleaning, maintenance, security, or repair services; (vi) rubbish or refuse
        removal services; (vii) sewer services; (viii) rental of furnishings, fixtures
        or equipment; (ix) parking; or (x) any service similar to any or all of the
        foregoing; (c) all reports, appraisals, drawings, plans, blueprints, studies,
        specifications, certificates of occupancy, building permits, grading permits,
        and surveys relating to all or part of the Property, and all amendments,
        modifications, supplements, general conditions and addenda thereto; (d) all
        trade names, trademarks, trade styles, service marks, domain names, computer
        software and computer software products, logos, letterheads, advertising
        symbols, goodwill, telephone numbers, advertising rights, negatives, prints,
        brochures, flyers, pamphlets and other media items used or intended to be
        used
        in connection with the Property; (e) all warranties and guaranties, whether
        written or oral, from any third Person which directly or indirectly relate
        to
        all or part of the Property or personal property described in parts (a) through
        (d) of this Section 7.1; (f) all legal and equitable claims, causes of action,
        and rights against architects, engineers, designers, contractors,
        subcontractors, suppliers, materialmen and any other Persons supplying labor,
        services, materials or equipment, directly or indirectly, in connection with
        the
        design, planning, construction, development, use, operation, maintenance,
        or
        marketing of all or part of the Property; (g) all Condemnation Claims,
        Condemnation Proceeds, Property Claims (including commercial tort claims),
        Property Proceeds, Insurance Claims, and Insurance Proceeds (regardless of
        whether or not Beneficiary required Trustor to obtain or maintain in effect
        the
        Insurance Policy or Insurance Policies under which the Insurance Claims arise
        or
        the Insurance Proceeds are payable); (h) all real property tax refund claims,
        general intangibles (including payment intangibles), letters of credit,
        letter-of-credit rights, supporting obligations, accounts, deposit accounts,
        documents, instruments, chattel paper (including electronic chattel paper
        and
        tangible chattel paper), health-care-insurance receivables, and accounts
        receivable relating to the design, planning, construction, development, use,
        operation, maintenance or marketing of all or part of the Property or any
        business now or hereafter conducted on the Property, including any right
        to
        payment for goods sold or leased or to be sold or leased or for services
        rendered or to be rendered, however evidenced, including purchase orders,
        negotiable documents, notes, drafts, acceptances, claims, instruments, insurance
        policies, and all other forms of obligations and receivables; and (i) all
        products and proceeds of any or all of the foregoing personal property,
        including all money, deposit accounts, accounts, chattel paper, documents,
        notes, drafts, instruments, insurance proceeds, and all other tangible and
        intangible property resulting from the sale, lease, or other disposition
        of any
        or all of the foregoing personal property.

       

    

    7.2
      Filinq.
      Trustor
      agrees that Beneficiary may file this Deed of Trust, or a reproduction thereof,
      in the real estate records or other appropriate index, as a financing statement
      for any of the items of Personal Property Collateral specified in Section 7.1
      above which is or may be part of the Property. Any reproduction of this Deed
      of
      Trust or of any other security agreement or financing statement shall be
      sufficient as a financing statement. Trustor (a) irrevocably authorizes
      Beneficiary to file a financing statement with respect to any or all of the
      Personal Property Collateral and such other financing statements, addenda
      thereto, and financing statement amendments, termination statements,
      continuation statements, and assignments in such filing offices or with such
      other Governmental Authorities as Beneficiary may deem to be necessary or
      appropriate in order to perfect the security interest granted to Beneficiary
      under this Article 7 or to otherwise effectuate the terms of this Article 7;
      (b)
      agrees to execute and deliver to Beneficiary, upon Beneficiary's request, any
      or
      all of such documents in such form as Beneficiary may require to perfect the
      security interest granted to Beneficiary under this Article 7 or to otherwise
      effectuate the terms of this Article 7. Trustor shall pay all costs of filing
      of
      such financing statements and any extensions, renewals, amendments and releases
      thereof, and shall pay all costs and expenses of any record searches for
      financing statements that Beneficiary may reasonably require.

    

    7.3
      Additional
      Covenants of Trustor. Trustor,
      at its sole cost and expense, (a) shall give Beneficiary at least thirty (30)
      days prior written notice of (i) if Trustor is an individual, any change in
      Trustor's
      principal residence; (ii) if Trustor is a registered organization as to which
      the state or other Governmental Authority under which Trustor is organized
      maintains a public record showing Trustor to have been organized (a "Registered
      Organization"), any change in the state or Governmental Authority under which
      Trustor is organized; (iii) if Trustor is an organization which is not a
      Registered Organization, any change in Trustor's place of business or chief
      executive office; and (iv) the acquisition or use of a trade name or style
      by
      Trustor; (b) shall promptly notify Beneficiary in writing of any claim, lien,
      security interest, right, encumbrance or any other occurrence which may be
      adverse to Beneficiary's security interest in the Personal Property Collateral;
      (c) shall defend the Personal Property Collateral from all claims, liens,
      security interests, rights, encumbrances and other matters which are adverse
      to
      Beneficiary's security interest in the Personal Property Collateral; (d) shall
      promptly pay all costs and expenses relating to the purchase, ownership, or
      use
      of the Personal Property Collateral, including all liens, taxes, assessments
      and
      charges of Governmental Authorities levied, assessed or imposed on all or part
      of the Personal Property Collateral; (e) shall not sell, transfer, pledge,
      hypothecate, lease or otherwise dispose of or abandon all or part of the
      Personal Property Collateral without Beneficiary's prior written consent, except
      for the sale of inventory in the ordinary course of Trustor's business, the
      disposition of any Personal Property Collateral which is obsolete or which
      has a
      de minimus value, and the disposition of any Personal Property Collateral which
      is promptly replaced with new Personal Property

    

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    Collateral
      of substantially comparable value and utility; (f) shall not remove any material
      part of the Personal Property Collateral which consists of tangible personal
      property from its location on the Property without Beneficiary's prior written
      consent, except for the sale of inventory in the ordinary course of Trustor's
      business, the disposition of any Personal Property Collateral which is obsolete
      or which has a de minimus value, and the disposition of any Personal Property
      Collateral which is promptly replaced with new Personal Property Collateral
      of
      substantially comparable value and utility; (g) shall, upon Beneficiary's
      request, give notice, in form and substance acceptable to Beneficiary, to any
      or
      all account debtors or Persons obligated on an instrument designated by
      Beneficiary of Trustor's grant of a security interest in any Personal Property
      Collateral which consists of accounts, contract rights, instruments, documents,
      or general intangibles (referred to collectively as the "Accounts" and
      individually as an "Account"); (h) following the occurrence of any Event of
      Default, shall not compromise, settle, adjust, or grant any discount, credit,
      or
      allowance to any Account debtor without Beneficiary's prior written consent;
      (i)
      shall undertake any and all other acts necessary or appropriate to maintain,
      preserve and protect the Personal Property Collateral and Beneficiary's security
      interest therein, including any actions requested by Beneficiary; and (j) shall
      execute and deliver to Beneficiary such other documents as Beneficiary may
      request in order to evidence, effectuate, perfect, maintain, preserve or protect
      Beneficiary's security interest in the Personal Property Collateral, including
      security agreements and assignments. If Trustor fails to execute and deliver
      to
      Beneficiary any document requested by Beneficiary pursuant Section 7.3(j) within
      ten (10) days after such request, then Trustor irrevocably appoints Beneficiary,
      with full power of substitution, as Trustor's attorney-in-fact, coupled with
      an
      interest, with full power, in its own name or in the name of Trustor, to execute
      such document on behalf of Trustor. Trustor has set forth above its full and
      correct name, and Trustor does not presently use any other names or tradenames,
      except for those tradenames specifically disclosed in writing by Trustor to
      Beneficiary prior to the recordation of this Deed of Trust. Nothing contained
      in
      this Article 7 shall be construed to obligate Beneficiary to act on behalf
      of
      Trustor as attorney-in-fact.

     

    7.4
      Rights
      and Additional Remedies of Beneficiary under Uniform Commercial
      Code. Without
      limiting Article 4 above, upon the occurrence of an Event of Default,
      Beneficiary shall have the following additional rights and remedies with respect
      to the Personal Property Collateral: (a) Beneficiary shall have all the rights
      and remedies of a secured party under the Code and under any other applicable
      law, and, at Beneficiary's option, shall also have the right to invoke any
      or
      all of the remedies provided in Article 4 of this Deed of Trust with respect
      to
      the Personal Property Collateral, and in exercising any of such remedies,
      Beneficiary may proceed against the items of real property and any items of
      Personal Property Collateral separately or together and in any order whatsoever,
      without in any way affecting the availability of Beneficiary's remedies under
      the Code or of the remedies provided in Article 4 of this Deed of Trust; (b)
      Beneficiary, at its option, shall have the right (i) to direct any or all
      Account debtors to make payment directly to Beneficiary; (ii) to demand,
      collect, receive and give receipts for any and all money and other property
      due
      or to become due in connection with all or part of the Personal Property
      Collateral, including any of the Accounts; (iii) to take possession of and
      endorse and collect any or all notes, checks, drafts, money orders, or other
      instruments of payment relating to all or part of the Personal Property
      Collateral or proceeds of the Personal Property Collateral, including any of
      the
      Accounts; and (iv) to file any claim and take any other action which Beneficiary
      determines to be appropriate for the purpose of collecting any or all of the
      Accounts and to compromise, adjust or settle Accounts for less than face value
      thereof, and to execute all releases and other documents in connection
      therewith; provided, however, that Beneficiary shall not be obligated in any
      manner to make any demand for or to make any inquiry as to the nature or
      sufficiency of any payment received by it, or to present or file any claim
      or
      take any action to collect or enforce the payment of any or all of the Accounts;
      (c) should Beneficiary seek to take possession of any or all of the Personal
      Property Collateral by court process, Trustor irrevocably and unconditionally
      agrees that a receiver may be appointed by a court for such purpose without
      regard to the adequacy of the security for the Obligations; and (d) Trustor
      irrevocably appoints Beneficiary, with full power of substitution, as Trustor's
      attorney-in-fact, coupled with an interest, with full power, in its own name
      or
      in the name of Trustor to take any or all of the actions described in Section
      7.4(b) after the occurrence of an Event of Default. Beneficiary, at its option,
      and whether or not an Event of Default exists, shall at all times have the
      right
      [A] to take such actions as Beneficiary determines to be necessary or
      appropriate to maintain, preserve and protect the Personal Property Collateral
      and Beneficiary's security interest therein; and [B] to give notice to any
      Account debtor containing such information and instructions concerning the
      existence of Beneficiary's security interest and rights in the Personal Property
      Collateral under this Deed of Trust as Beneficiary determines to be necessary
      or
      appropriate to protect its interest.

     

    7.5Fixtures. The
      Personal Property Collateral in which Beneficiary has a security interest under
      this Article 7 includes goods which are or may become Fixtures on the Property.
      This Deed of Trust constitutes a fixture filing pursuant to the terms of Section
      9502 of the Code which shall be recorded in the real estate records of the
      county in which the Property is located and that relates to the Property more
      particularly described in this Deed of Trust. In that regard, the following
      information is provided:

    

    Name
      of
      Debtor:       
Northtown
      Business Center, L.L.C., a Missouri
      limited liability company

    

    Address
      of Debtor:            
      104 Armour Road, North Kansas City, Missouri 64116

    

    Name
      of
      Secured Party:    
 Imperial
      Capital Bank

     

    
      Address
        of Secured Party:        
        500 North Brand Boulevard, Suite 2300 
                               
          

                             
Glendale,
          California
          91203

      

    

    

    

    

    

    

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      NOTICE
        TO TRUSTOR: THIS DOCUMENT OR THE NOTE SECURED BY THIS DOCUMENT MAY CONTAIN
        PROVISIONS FOR A VARIABLE INTEREST RATE AND FOR VARIABLE PAYMENT
        AMOUNTS.

    

     

    SEE
      RIDER ATTACHED HERETO AND INCORPORATED HEREIN BY THIS REFERENCE FOR ADDITIONAL
      TERMS AND CONDITIONS REGARDING, AMONG OTHER MATTERS, ENVIRONMENTAL COMPLIANCE
      AND INDEMNIFICATION BY TRUSTOR.

     

    TRUSTOR:

     

    Northtown
      Business Center, L.L.C., a Missouri limited liability
      company

     

    By:     /s/
      Chad Sneed

     
Chad
      Sneed,
      Manager

    

     

     

     

     

     

     

     

    
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    REQUEST
      FOR FULL RECONVEYANCE

     

    (To
      be
      used only when the Note and all other indebtedness

     

    secured
      by this Deed of Trust have been paid in full) 

     

    TO:
      TRUSTEE

     

    The
      undersigned is the legal owner and holder of all indebtedness secured by this
      Deed of Trust. All
      sums
      secured by this Deed of Trust have been fully paid and satisfied, and you are
      hereby requested and
      directed, on payment to you of all sums owing to you under the terms of this
      Deed of Trust, to cancel
      all
      evidences of indebtedness delivered to you and secured by this Deed of Trust
      and
      to reconvey, without warranty, the estate now held by you hereunder to the
      parties designated by the terms of this Deed of Trust.

     

    MAIL
      RECONVEYANCE TO:

     

     

    
      	 Northtown
              Business Center LLC	 /s/
              Chad Sneed
	 104
              Armour Road	By:
              Chad Sneed 
	 Kansas
              City, MO 64116	Title:
              Manager 
	 	 Dated:
              8/25/06

    

     

    
 

     

    
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DEED
      OF TRUST

     

    EXHIBIT
      "A"

     

    LEGAL
      DESCRIPTION

     

    THE
      REAL PROPERTY REFERRED TO HEREIN IS ALL THAT CERTAIN REAL
      PROPERTY LOCATED IN THE CITY OF NORTH KANSAS CITY, COUNTY OF CLAY, STATE OF
      MISSOURI DESCRIBED AS FOLLOWS:

     

    SEE
      EXHIBIT "A" - LEGAL DESCRIPTION ATTACHED HERETO AND MADE A
      PART HEREWITH.

    

    

    ASSESSOR'S
      PARCELITAX ID NO.:   17-605-00-01-007-000

    COMMONLY
      KNOWN AS:      105
      WEST 26TH AVENUE

                    (130
      WEST 23RD AVE AND 115 WEST 26TH AVE)

                            NORTH
      KANSAS CITY,
      MISSOURI 64116 

    END
      OF LEGAL DESCRIPTION

     

    

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Corporation
      Notary

    

    

    STATE
      OF
      ____________    

                )SS.

    _________
      OF _________

    

     

        On
      this______day
      of ___________ ,
      200_,
      before me, a Notary Public in and for said State, personally appeared
      ___________,
      to me
      personally known, who, being by me duly sworn, did say
      that
      he is the President
      of ___________, a
      ___________corporation,
      [and that
      the
      seal affixed to the foregoing instrument is the corporate seal of said
      corporation / and that said corporation has no corporate seal] and that said
      instrument was signed [and sealed] in behalf of said corporation by authority
      of
      its board of directors, and said person acknowledged said instrument to be
      the
      free act and deed of said corporation.

    

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal on
      the
      day and year first above written,
      in
      the__________and
      State
      aforesaid.

                                _____________________________

     
      Notary Public

    [SEAL]

     

    My
      Commission expires:

    ________________

     

     

     

    Individual
      Notary

     

    
      STATE
        OF
        ____________    

                  )SS.

      _________
        OF _________

    

    

    

    On
      this________ day
      of ______________ ,
      200_,
      before me, a Notary Public in and for said State, personally appeared____________ [and
      _________________ [husband
      and wife], to me known to be the person/s described in and
      who
      executed the foregoing instrument, and acknowledged that s/he/they executed
      the
      same as his/her/their free act and deed.

    

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal on
      the
      day and year first above written,
      in
      the____________ and
      State
      aforesaid.

                                ___________________

     Notary
      Public

    [SEAL]

     

    My
      Commission expires:

    _____________________

     

                                        28              TRUSTOR'S
      INITIALS: /s/
      CS mgr.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Partnership
      Notary

     

    
      
        STATE
          OF Missouri      )

                  
          )SS.

        County OF
          Clay

      

       

    

    On
      this
28th day
      of
August,
      2006, before me, a Notary Public in and for said State,
      personally

    appeared
      Chad Sneed ,
      a
partner of  manager of,
      a
Northtown Bus. Ctr. general/limitedLLCpartnership,
      to me personally known to be the person who executed the within instrument
      in
      behalf of said partnership and acknowledged to me that s/he executed the same
      for the purposes therein stated.

    

    IN
      WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal on
      the
      day and year first above written,
      in
      the County and
      State
      aforesaid.

                              

    Catherine
      Whorton

    Notary
      Public

     

    [SEAL]

    CATHERINE
      WHORTON

    Notary
      Public - Notary Seal

    STATE
      OF
      MISSOURI

    PLATTE
      COUNTY

    MY
      COMMISSION EXP. OCT. 5, 2006

     

     

    My
      Commission expires:

    10-5-06

     

     

     

     

                                        29              TRUSTOR'S
      INITIALS: /s/
      CS mgr.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit
      "A"

     

    All
      that
      part of the Northwest Quarter of Section 14, Township 50, Range 33, in North
      Kansas City, Clay 

    County,
      Missouri, being more particularly described as follows: Beginning at a
      point on the North right

    of
      way
      line of West 23rd Avenue, as established by Document No. B-62157 in Book 773
      at
      Page 454, 

    North
      89
      degrees 09 minutes 08 seconds West, 373.50 feet from the West right of way
      line
      of Burlington

    Street
      (US Highway Route No. 71), as now established; thence continuing North 89
      degrees 09 minutes 

    08
      seconds West along said North right of way line, a distance of 545.08 feet
      to a
      point on the East line

    of
      that
      certain tract of land described in Book 366 at Page 294, recorded December
      3,
      1946; thence

    North
      0
      degrees 50 minutes 52 seconds East along said East line, 240 feet to the
      Northeast corner of

    said
      certain tract of land; thence North 89 degrees 09 minutes 08 seconds West along
      the North line of

    said
      tract of land, 185.78 feet to the Northwest corner thereof, being also a point
      on the Easterly right of 

    way
      line
      of the Burlington Northern Railroad Company (formerly CB&Q Railroad Co.):
      thence North 7

    degrees
      31 minutes 44 seconds West along said Easterly right of way line, a distance
      of
      529.57 feet to

    an
      angle
      point therein; thence North 2 degrees 37 minutes 55 seconds East, 52.76 feet
      to
      a point on the

    South
      line of that certain tract of land described in Document No. A-72251 in Book
      539
      at Page 408;

    thence
      South 89 degrees 08 minutes 42 seconds East along the South line of said certain
      tract of land,

    79.42
      feet to the Southeast corner thereof; thence North 0 degrees 51 minutes 18
      seconds East along 

    the
      East
      line of said tract of land, 52 feet to a point on the South right of way line
      of
      West 26th Avenue,

    as
      now
      established by Document No. B-62157 in Book 773 at Page 454; thence South 89
      degrees 08

    minutes
      42 seconds East along said South right of way line, 301 feet; thence South
      2
      degrees 42

    minutes
      55 seconds West, no longer along said South right of way line, 168.64 feet;
      thence South 89

    degrees
      08 minutes 42 seconds East, parallel with said South right of way line, 431.5
      feet; thence South

    0
      degrees
      51 minutes 11 seconds West, 700 feet to Point of Beginning.

     

    30

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