Document:

Leasehold Deed to Secure Debt and Security Agreement

 EXHIBIT 10.59 
 This instrument prepared by and upon 
 recordation should be returned to:

 David A. Ebby, Esq. 
 Drinker
Biddle & Reath LLP 
 One Logan Square, Suite 2000 
 Philadelphia, PA 19103 
 Tax Map No.: 094-01004001 

GWL Loan No. 153764 
 THIS INSTRUMENT SECURES A NOTE IN THE AMOUNT OF $21,629,000 MATURING JULY 1, 2021 ON WHICH THE MAXIMUM INTANGIBLES RECORDING TAX OF $25,000.00 IS DUE. THE TAX IS SUBJECT TO REDUCTION BASED ON RATIO
OF THE VALUE OF GEORGIA REAL ESTATE SECURING SUCH NOTE TO THE VALUE OF ALL REAL ESTATE SECURING SUCH NOTE. 

LEASEHOLD DEED TO SECURE DEBT AND SECURITY AGREEMENT 

THIS LEASEHOLD DEED TO SECURE DEBT AND SECURITY AGREEMENT (“Security Instrument”) is made as of the 17th day of June,
2011 by IIT ATLANTA LIBERTY DC, LLC a Delaware limited liability company, having an office at 518 17th Street, Suite 1700, Denver, CO 80202 (“Grantor”) in favor of GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY, a
Colorado corporation, with an office at 8515 East Orchard Road, 3T2, Greenwood Village, CO 80111, Attention: Security Instrument Investments (“Grantee”). 
 W I T N E S S E T H : 
 A. Pursuant to that certain Ground Lease dated as
of October 1, 2010 between Henry County Development Authority, a public body corporate and politic created under the laws of the State of Georgia (“Ground Lessor”) and VIF II/Liberty Industrial, LLC, a Delaware limited
liability company (“Original Lessee”), a memorandum of which was recorded on December 27, 2010 in the public land records of Henry County, Georgia in Deed Book 11964, page 312, as amended by an Assignment and Assumption of
Ground Lease between Original Lessee and Grantor of even date herewith, a memorandum of which shall be recorded in the public land records of Henry County, Georgia immediately prior to the recordation of this Security Instrument (as amended, the
“Ground Lease”), Grantor is the owner of a leasehold estate in that certain real estate described more particularly on Exhibit A attached hereto (the “Land”). 

B. As evidenced by a mortgage note of even date herewith in the original principal amount of Twenty One Million Six Hundred Twenty Nine
and no/100 Dollars ($21,629,000.00) executed by Grantor in favor of Grantee (such mortgage note as the same may be amended, modified or restated from time to time, and any replacement or successor note or notes, the “Note”), Grantor
is indebted to Grantee in the principal amount of Twenty One Million Six Hundred Twenty Nine and no/100 Dollars ($21,629,000.00), with interest thereon at the rate and 

 
times, in the manner and according to the terms and conditions specified in the Note, all of which are incorporated herein by reference. 

NOW, THEREFORE, in consideration of the indebtedness, and as security for payment to Grantee of the principal with interest, and
all other sums provided for in the Note and in this Security Instrument, according to their respective terms and conditions and for performance of the agreements, conditions, covenants, provisions and stipulations contained herein, Grantor does
hereby grant, sell and convey unto the Grantee all of Grantor’s right, title and interest in and to the Ground Lease. 

TOGETHER WITH, all of Grantor’s right, title and interest in and to: 

(1) the Land; 

(2) any and all buildings and improvements erected or hereafter erected on the Land; 

(3) any and all fixtures, appliances, machinery and equipment of any nature whatsoever, and other articles of personal property at any
time now or hereafter installed in, attached to or situated in or upon the Land or any buildings and improvements now or hereafter erected thereon, or used or intended to be used in connection with the Land, or in the operation of the buildings and
improvements, plant, business or dwellings situate thereon, whether or not the personal property is or shall be affixed thereto; 
 (4) all building materials, fixtures, building machinery and building equipment delivered on site to the Land during the course of, or in connection with, construction of any buildings and improvements
thereon; and 
 (5) any and all tenements, hereditaments and appurtenances belonging to the Land or any part thereof hereby
granted or intended so to be, or in any way appertaining thereto, and all appurtenant streets, alleys, passages, ways, water courses and all easements and covenants now existing or hereafter created for the benefit of Grantor or any subsequent owner
or tenant of the conveyed real estate over ground adjoining the conveyed real estate and all rights to enforce the maintenance thereof, and all other rights, liberties, licenses, fees and privileges of whatsoever kind or character, and the
reversions and remainders, income, rents, issues and profits arising therefrom, and all the estate, right, title, interest, property, possession, claim and demand whatsoever, at law or in equity, of Grantor in and to the real estate or any part
thereof. All of the foregoing interests are sometimes collectively referred to herein as the “Property.” 

ALSO TOGETHER WITH any and all awards heretofore and hereafter made to the present and all subsequent owners of the Property by
any governmental or other lawful authorities for taking or damaging by eminent domain the whole or any part of the Property or any easement therein, including any awards for any changes of grade of streets, which said awards are hereby assigned to
the Grantee, subject to the terms and conditions of the Loan Agreement (as defined in Section 9 hereof) who is hereby authorized to collect and receive the proceeds of any such awards from such authorities and to give proper receipts and
acquittances therefor, and to apply (subject to the terms of the Loan Agreement) the same (after deduction of attorneys’ fees and other costs of collecting the funds) toward the payment of the amount owing on account of this Security Instrument
and the accompanying Note, notwithstanding the amount 

  
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owing thereon may not then be due and payable; and the Grantor hereby agrees, upon request, to make, execute and deliver any and all assignments and other instruments sufficient for the purpose
of assigning the aforesaid awards to Grantee, free, clear and discharged of any and all encumbrances of any kind or nature whatsoever. Grantor further agrees to give Grantee immediate notice of the actual commencement of any proceedings in the
nature of eminent domain affecting all or any part of the Property or any written threat of such proceedings, and will deliver to Grantee copies of any papers served upon Grantor in connection with any such proceedings. 

TO HAVE AND TO HOLD the Property hereby conveyed or mentioned and intended so to be, unto Grantee, to its own use forever. This
Security Instrument is a deed passing legal title pursuant to the laws of the State of Georgia governing deeds to secure debt and is not a mortgage. 
 PROVIDED ALWAYS, and this Security Instrument is upon the express condition that, if Grantor pays to Grantee the principal sum mentioned in the Note, the interest thereon and all other sums payable
by Grantor to Grantee as are secured hereby, in accordance with the provisions of the Loan Agreement, the Note and this Security Instrument, at the times and in the manner specified, without deduction, fraud or delay, and Grantor complies with all
the terms and conditions contained herein (through and including the date of repayment of all such sums in full) and in the Note, then Grantee shall cancel, terminate and surrender this Security Instrument. 

GRANTOR COVENANTS with the Grantee that until the indebtedness secured hereby is fully repaid: 

1. Provisions with Respect to the Ground Lease. 
 (a) This Security Instrument is a leasehold conveyance only and not a conveyance of the Ground Lessor’s fee interest in the Land. 

(b) Grantor will pay all rents and other charges required under the Ground Lease as and when the same are due and Grantor
will keep, observe and perform all of the other terms and provisions of the Ground Lease on the part of Grantor to be kept, observed and performed. Grantor will not modify, amend, cancel, terminate or surrender the Ground Lease without
Grantee’s prior written consent; and any attempt to exercise any such action without such written consent of Grantee shall be null and void and of no effect. 

(c) Grantor will do all things necessary to preserve and keep unimpaired the rights of Grantor as lessee under the Ground
Lease and to prevent any default under the Ground Lease or any termination or surrender thereof, and upon a default by Grantor under the Ground Lease, Grantor agrees that Grantee may (but shall not be obligated to), after notice to Grantor
(provided, however , that no such notice shall be required to be given after the occurrence of an Event of Default hereunder or under any of the other Loan Documents) take any action on behalf of the Property and take all such action thereof as may
be necessary therefore, to the end that the rights of Grantor in and to the leasehold estate created by the Ground Lease shall be kept unimpaired and free from default, and all money so expended by Grantee, with interest thereon at the Default Rate
provided for in the Note from the date of each such expenditure, shall be paid by Grantor to Grantee promptly upon demand by Grantee and shall be added to the obligations secured by this Security Instrument and the Grantee shall have

  
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in addition to any other remedy it may have, the same rights and remedies on account of Grantor’s failure to pay any such sum as in the case of an Event of Default hereunder. 

(d) Grantee will enforce the obligations of the Security Instrument under the Ground Lease and will promptly notify
Grantee in writing of any default by the Ground Lessor or by Grantor thereunder and of the giving of any default notice to Grantor by the Ground Lessor thereunder along with a true copy of each such notice. If the Ground Lessor under the Ground
Lease shall deliver to Grantee a copy of any notice of default given to Grantor, such notice shall constitute full authority and protection to Grantee for any action taken by Grantee in good faith in reliance thereon to cure such default.

 (e) If any action or proceeding shall be instituted to evict Grantor or to recover possession of the Property
or for any other purpose affecting the Ground Lease or this Security Instrument, Grantor will, immediately upon service thereof on or to Grantor, deliver to Grantee a true copy of each petition, complaint, notice, and of all other pleadings and
papers, however designated, serviced in any such action or proceeding. 
 (f) Grantor agrees that unless Grantee
shall otherwise expressly consent in writing, the fee title to the Land and the leasehold estate granted by the Ground Lease shall not merge but shall always remain separate and distinct, notwithstanding the union of said estates either in the
Ground Lessor, Grantor, or any other party; and if Grantor acquires the fee title or any other estate, title or interests in the Property or any part thereof, this Security Instrument shall attach to and cover and be a lien upon the fee title or
such other estate so acquired, and such fee title or other estate shall, without further assignment or conveyance, become and be subject to the lien of and covered by this Security Instrument; provided, however, that in such
circumstances Grantor shall execute and deliver such documents as Grantee shall reasonably require to encumber such fee estate and provide Grantee with a new title policy insuring the lien of such fee estate be subject to no exceptions other than
the Permitted Exceptions, all at Grantor’s expense. 
 (g) No release or forebearance of any of
Grantor’s obligations under the Ground Lease pursuant to the Ground Lease, or otherwise, shall release Grantor from any of its obligations under this Security Instrument, including its obligation with respect to the payment of rent as provided
for in the Ground Lease and the performance of all of the terms and provisions to be kept, performed and complied with by the lessee therein, all as maybe modified by any such release or forebearance. 

(h) Upon the occurrence of an Event of Default, Grantor shall not make any election or give any consent or approval for
which a right to do so is conferred upon Grantor as lessee under the Ground Lease without Grantee’s prior written consent. Upon the occurrence of an Event of Default, all such rights, together with all rights of termination or amendment of the
Ground Lease, all of which have been assigned to Grantee hereby, shall vest in and be exercisable solely by Grantee. 
 (i) Grantor will give Grantee prompt written notice of the commencement of any arbitration or appraisal proceeding pursuant to the Ground Lease. Grantee shall have the right to intervene and participate
in any such proceeding and Grantor shall confer with Grantee to the extent which Grantee deems necessary for the protection of Grantee. Upon the written request of Grantee, if an Event of Default exists, Grantor will exercise all rights of
arbitration, if any, conferred upon it by the Ground Lease. Grantor shall select an arbitrator who is approved 

  
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in writing by Grantee, provided, however, that if at the time any such proceeding shall be commenced, Grantor shall be in default of the Ground Lease or any Event of Default exists hereunder,
Grantee shall have, and is hereby granted, the sole and exclusive right to designate and appoint on behalf of Grantor the arbitrator or arbitrators, or appraiser, in such proceeding. 

(j) Grantor shall give Grantee simultaneous written notice of the exercise of any option or right to renew or extend the
term of the Ground Lease, together with a copy of the instrument given to the Ground Lessor exercising such option or right, and, thereafter, shall promptly deliver to Grantee a copy of any acknowledgment by the Ground Lessor with respect to the
exercise of such option or right. If such option or right exists and has not been Exercised as aforesaid, then not more than one hundred eighty (180) and not less than ninety (90) days before the right of Grantor to exercise any option or
right to renew or extend the term of such Ground Lease shall expire, Grantor shall give Grantee written notice specifying the date, term and manner for which such option or renewal is to be exercised. Within fifteen (15) business days of
written demand by Grantee, Grantor shall exercise any such option or renewal which is necessary to extend the term of the Ground Lease beyond the term of this Security Instrument or to comply with any law affecting Grantor or Grantee or which is
necessary, in Grantee’s reasonable judgment, to preserve the value of the security intended to be afforded by this Security Instrument. Grantor shall promptly provide evidence of such exercise of such option or right to Grantee’s
reasonable satisfaction. In the event that Grantor fails to so exercise any such option or right or if an Event of Default occurs hereunder, Grantor hereby agrees and grants to Grantee all right and authority to exercise such option or right in the
name of Grantor or in its own name. 
 (k) The lien of this Security Instrument shall attach to all of Grantor
‘s rights and remedies at any time arising under or pursuant to 11 U.S.C. Sec. 365(h), including, without limitation, all of Grantor’s rights to remain in possession of the Property. 

(l) Grantor shall not, without Grantee’s prior written consent, elect to treat the Ground Lease as terminated under
Subsection 365(h)(1) of the Bankruptcy Code, 11 U.S.C. § 365(h)(1). Any such election made without Grantee’s consent shall be void. 
 (m) Grantor hereby unconditionally assigns, transfers and sets over to Grantee all of Grantor ‘s claims and rights to the payment of damages arising from any rejection of the Ground Lease by the
Ground Lessor thereunder under the United States Bankruptcy Code, 11 U.S.C. §§ 101 et. seq. (the “Bankruptcy Code”). Grantee shall have the right to proceed in its own name or in the name of Grantor in respect of any
claim, suit, action or proceeding relating to the rejection of the Ground Lease, including, without limitation, the right to file and prosecute, either in its own name or in the name of Grantor, any proofs of claim, complaints, motions,
applications, notices and other documents, in any case in respect to such Ground Lessor or any such fee owner under the Bankruptcy Code. This assignment constitutes a present, irrevocable and unconditional assignment of the foregoing claims, rights
and remedies, and shall continue in effect until all of the obligations secured by this Security Instrument shall have been satisfied and discharged in full. Any amounts received by Grantee as damages arising out of the rejection of the Ground Lease
as aforesaid shall be applied first to all costs and expenses of Grantee (including, without limitation, reasonable attorneys’ fees) incurred in connection with the exercise of any of its rights or remedies under this Section and then in
accordance with the provisions of the Note. 
 (n) If there shall be filed by or against Grantor a petition under
the 

  
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Bankruptcy Code and Grantor, as lessee under the Ground Lease, shall determine to reject the Ground Leases pursuant to Section 365(a) of the Bankruptcy Code, Grantor shall give Grantee not
less than thirty (30) days’ prior notice of the date on which Grantor shall apply to the Bankruptcy Court for authority to reject the Ground Lease. Grantee shall have the right, but not the obligation, to serve upon Grantor within such
thirty (30) day period a notice stating that Grantee demands that Grantor assume and assign the Ground Lease to Grantee pursuant to Section 365 of the Bankruptcy Code. If Grantee shall serve upon Grantor the notice described in the
preceding sentence, Grantor shall not seek to reject the Ground Leases and shall comply with the demand provided for in the preceding sentence. 
 (o) If pursuant to Section 365(h)(2) of the Bankruptcy Code, Grantor shall seek to offset against the rent reserved in the Ground Lease, the amount of any damages caused by the nonperformance by the
Ground Lessor of its obligations under the Ground Lease after the rejection thereof by the Ground Lessor pursuant to the Bankruptcy Code, Grantor shall, prior to effecting such offset, notify Grantee of its intent to do so, setting forth the amounts
proposed to be so offset and the basis therefor. Grantee shall have the right to object to all or any part of such offset that, in the reasonable judgment of Grantee, would constitute a breach of the Ground Lease, and in the event of such objection,
Grantor shall not effect any offset of the amounts so objected to by Grantee. Neither Grantee’s failure to object as aforesaid nor any objection relating to such offset shall constitute an approval of any such offset by Grantee. 

(p) If any action, proceeding or motion shall be commenced or filed in respect of the Ground Lessor, the Property or the
Ground Lease in connection with any case under the Bankruptcy Code, Grantee shall have the option, exercisable upon notice from Grantee to Grantor, to conduct and control any such litigation with counsel of Grantee’s choice. Grantee may proceed
in its own name or in the name of Grantor in connection with any such litigation, and Grantor agrees to execute any and all powers, authorizations, consents or other documents reasonably required by Grantee in connection therewith. Grantor shall,
upon demand, pay to Grantee all costs and expenses (including reasonable attorneys’ fees) paid or incurred by Grantee in connection with the prosecution or conduct of any such proceedings. Any such costs or expenses not paid by Grantor as
aforesaid shall be secured by the lien of this Security Instrument and shall be added to the principal amount of the obligations secured hereby. Grantor shall not commence any action, suit, proceeding or case, or file any application or make any
motion (unless such motion is for the purpose of protecting the Ground Lease and its value as security for the obligations secured by this Security Instrument), in respect of the Ground Lease in any such case under the Bankruptcy Code without the
prior written consent of Grantee, which consent shall not be unreasonably withheld or delayed. 
 (q) Grantor
shall, after obtaining knowledge thereof, promptly notify Grantee of any filing by or against the Ground Lessor of a petition under the Bankruptcy Code. Grantor shall promptly deliver to Grantee, following receipt, copies of any and all notices,
pleadings, and other documents received by Grantor in connection with any such petition and any proceedings relating thereto. 
 (r) Notwithstanding anything to the contrary contained herein, Grantee shall not have any liability or obligation under the Ground Lease by reason of its acceptance of this Security Instrument.

 2. Payment and Performance: Grantor shall pay to Grantee, in accordance with the terms of the Note and this
Security Instrument, the principal and interest, and other sums 

  
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therein set forth; and shall comply with all the terms and conditions of the Note and this Security Instrument. 
 3. Maintenance of Property: Grantor shall abstain from and shall not permit the commission of waste in or about the Property; and, except as expressly permitted pursuant to the Loan
Agreement or any lease, license, concession or occupancy agreement of all or any portion of the Property (each a “Lease” and, collectively, the “Leases”), shall not remove or demolish, or alter the structural
character of, any building erected at any time on the Property. Without the prior written consent of Grantee, Grantor shall not permit the Property to become abandoned or unguarded, and shall maintain or cause to be maintained the Property in good
condition and repair, reasonable wear and tear excepted. 
 4. Indemnification: Grantor shall protect, indemnify
and save harmless Grantee from and against all action, out of pocket third-party costs and expenses (including without limitation reasonable attorneys’ fees and expenses), imposed upon or incurred by or asserted against Grantee (other than for
any action, cost or expense resulting from the gross negligence or wilfull misconduct of Grantee) and arising from any state of facts or circumstances existing prior to Grantee’s acquiring actual physical possession of the Property through the
exercise of the remedies set forth in this Security Instrument or title through foreclosure or a deed in lieu of foreclosure or due to any action or inaction of Grantor by reason of: (i) the ownership of this Security Instrument, the Property
or any interest therein or receipt of any rents; (ii) any accident, injury to or death to persons or loss of or damage to property occurring in, on or about the Property or any part thereof; (iii) any use or condition in, on or about the
Property or any part thereof; (iv) any failure on the part of the Grantor to perform or comply in all material respects with any of the terms of this Security Instrument; or (v) the performance of any labor or services or the furnishing of
any materials or other property in respect of the Property or any part thereof. Any amounts payable to Grantee by reason of the application of this Paragraph shall be included in the indebtedness evidenced by the Note and secured by this Security
Instrument, and shall become immediately due and payable and shall bear interest at the Default Rate (as defined in the Note) from the date such loss or damage is sustained by Grantee until paid. The obligations of Grantor under this Paragraph shall
survive any satisfaction, assignment, foreclosure or delivery of a deed in lieu of foreclosure of this Security Instrument. 

5. Security Agreement: This Security Instrument constitutes a security agreement under the Uniform Commercial Code in
effect in the state in which the Property is located and creates a security interest in the personal property included in the Property. Grantor shall execute and deliver any security agreements Grantee may reasonably require from time to time to
confirm the lien of this Security Instrument with respect to such property and Grantee may file all such financing statements as Grantee deems necessary in its sole discretion to perfect such security interest. Without limiting the foregoing,
Grantor hereby irrevocably appoints Grantee attorney-in-fact for Grantor to execute, deliver and file such instruments for and on behalf of Grantor. 
 6. Compliance with Law and Regulations: Grantor shall promptly comply with all applicable laws, ordinances, regulations and orders of all Federal, State, municipal and other governmental
authorities relating to the Property. 
 7. Inspection; Appraisals and Environmental Audits: 

(a) Grantee and any persons authorized by Grantee shall have the right at

  
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any time, and from time to time, subject to the rights of tenants under any Lease, to enter the Property at reasonable hours to inspect and photograph its condition and state of repair.

 (b) After an Event of Default, Grantee, at its option, may cause an environmental audit of the Property to be
made by an engineering firm selected by Grantee, at Grantor’s expense, and Grantor’s obligation to pay such expense upon demand shall be secured by this Security Instrument. 

8. Declaration of No Set Off: Within twenty (20) days after requested to do so by Grantee, Grantor shall certify to
Grantee or to any proposed assignee of this Security Instrument, in a writing duly acknowledged, the amount of principal, interest and other charges then owing on the obligation secured by this Security Instrument and whether there are any setoffs
or defenses against it. 
 9. Due on Sale Clause: Reference is hereby made to Article 6 of the Loan Agreement
between Grantor and its affiliates as borrower, and Grantee, as lender, dated of even date herewith (as amended, restated or supplemented from time to time, the “Loan Agreement”) for the restrictions on transferring any interest in
Grantor, or the Property. 
 10. Subordinate Liens: Other than that certain Second Leasehold Deed to Secure Debt
and Security Agreement (the “Second Security Instrument”) executed contemporaneously herewith by Grantor for the benefit of Grantee, without the prior written consent of Grantee, Grantor shall not create or cause or permit to exist
any lien on or security interest in the Property or any part thereof, and Grantor shall not otherwise incur any indebtedness for money borrowed to improve the Property or any part thereof, other than the indebtedness secured hereby and the
obligations secured by the Second Security Instrument. Any violation of the foregoing limitation, at the option of Grantee, shall be deemed an Event of Default hereunder for which no notice or cure period shall apply. 

11. Right to Remedy Defaults: If Grantor fails to pay, or cause the payment of, taxes, assessments, water and sewer charges
or other lienable claims (except in case of contest as aforesaid) or insurance premiums, or fails to make necessary repairs or permit waste, or otherwise fails to comply with its obligations hereunder or under the Note or any other document executed
in connection with this Security Instrument, then Grantee, at its election and without notice to Grantor, shall have the right to make any payment or expenditure which Grantor should have made, or which Grantee deems advisable, in the exercise of
its reasonable business judgment to protect the security of this Security Instrument or the Property, without prejudice to any of the Grantee’s rights or remedies available hereunder or otherwise, at law or in equity. All such sums, as well as
costs, advanced by Grantee pursuant to this Security Instrument shall be due from Grantor to Grantee within ten (10) days after written demand, shall be secured hereby, and shall bear interest at the Default Rate from the date of payment by
Grantee until the date of repayment. 
 12. Events of Default: Any one or more of the following shall constitute
an event of default (each, an “Event of Default”) hereunder: 
 (a) If there occurs any Event of
Default under and as specified in the Note or the Ground Lease; 
 (b) If Grantor fails to pay any sum due under
this Security Instrument on the 

  
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date such sum is due and such failure continues for five (5) calendar days; 
 (c) If Grantor violates Paragraph 10 hereof entitled “Subordinate Liens”; 
 (d) If Grantor fails to perform or comply with any of the other agreements, conditions covenants, provisions or stipulations contained in this Security Instrument and such failure continues for thirty
(30) days after the date due; provided, however, that if the failure is of such a nature so as to be subject to cure but not within said thirty (30) day period, Grantor shall have such additional reasonable period of time not exceeding
ninety (90) days to effect such cure so long as Grantor has commenced efforts to cure within such thirty (30) day period and thereafter diligently prosecutes the same to completion; and/or 

(e) If there occurs any Event of Default under and as specified in any other Loan Document. 

13. Remedies: 
 (a) Upon the occurrence of any Event of Default hereunder, the entire unpaid balance of principal, accrued interest and all other sums secured by this Security Instrument shall become immediately due and
payable, at the option of Grantee, without further notice or demand. 
 (b) When the entire indebtedness shall
become due and payable, because of the occurrence of any Event of Default, or otherwise, then forthwith: 
 (i)
Foreclosure: Grantee may institute a proceeding or proceedings, judicial, or nonjudicial, by advertisement or otherwise, for the complete or partial foreclosure of this Security Instrument or the complete or partial sale of the
Property under power of sale or under any applicable provision of law. Grantee may sell the Property, and all estate, right, title, interest, claim and demand of Grantor therein, and all rights of redemption thereof, at one or more sales, as an
entirety or in parcels, with such elements of real and/or personal property, and at such time and place and upon such terms as it may deem expedient, or as may be required by applicable law, and in the event of a sale, by foreclosure or otherwise,
of less than all of the Property, this Security Instrument shall continue as a lien and security interest on the remaining portion of the Property. If Grantee elects to institute a non-judicial proceeding for foreclosure of the Property, the
Property shall be sold at public sale at the usual place for conducting sales before the door of the courthouse in the county in which the Property, or any part thereof, is located, to the highest bidder for cash, but only after advertising the
time, terms and place of such sale once a week for four weeks immediately preceding such sale (but without regard to the number of days intervening between the date of publication of the first advertisement and the date of sale) in a newspaper
published in such county, or in the paper in which the sheriff’s advertisements for such county are then published, all other notices being hereby waived by Grantor. At any such public sale, Grantee may execute and deliver to the purchaser a
conveyance of the Property or any part of the Property, with full warranties of title (or without warranties if Grantee shall so elect) and to this end, Grantor hereby constitutes and appoints Grantee the agent and attorney-in-fact of Grantor to
make such sale and conveyance, and thereby to divest Grantor of all right, title, interest, equity and equity of redemption that Grantor may have in and to the Property and to vest the same in the purchaser or purchasers at such sale or sales, and
all the acts and doings of said agent and attorney-in-fact are hereby ratified and confirmed and any recitals in said conveyance or conveyances as to facts essential 

  
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to a valid sale shall be binding upon Grantor. The aforesaid power of sale and agency hereby granted are coupled with an interest and are irrevocable by dissolution, insolvency or otherwise, are
granted as cumulative of the other remedies provided hereby or by law for collection of the indebtedness secured hereby and shall not be exhausted by one exercise thereof but may be exercised until full payment of all indebtedness secured hereby.
Grantor authorizes Grantee at its option to foreclose this Security Instrument subject to the rights (if any) of any tenants of the Property, and the failure to make any such tenants parties defendant to any such foreclosure proceedings and to
foreclose their rights will not be asserted by Grantor as a defense to any proceedings instituted by Grantee to recover the indebtedness secured hereby or any deficiency remaining unpaid after the foreclosure sale of the Property. Upon any sale made
under or by virtue of this Security Instrument (whether made under the power of sale herein granted or under or by virtue of judicial proceedings or of a judgment or decree of foreclosure and sale), Grantee may bid for and acquire the Property or
any part thereof and in lieu of paying cash therefor may make settlement for the purchase price by crediting upon the indebtedness the net sales price after deducting therefrom the expenses of the sale and the costs of the action and any other sums
which Grantee is authorized to deduct under this Security Instrument. 
 (ii) Possession: Subject
to the rights of any tenant under any Lease, Grantee may enter into possession of the Property, with or without legal action, and, to the extent permitted by applicable law, by force if necessary or, in the alternative, Grantee shall be entitled to
appointment of receiver without regard to (A) the solvency of Grantor or any other person liable for the debt secured hereby, or (B) whether there has been or may be any impairment of the value of the Property or any other collateral for
the debt (Grantor acknowledges that the right to appointment of a receiver is a specific inducement to Grantee to enter into the transaction referred to in this Security Instrument), and may rent the Property, or any part thereof, for such term or
terms and on such other terms and conditions as Grantee or such receiver may see fit, collect all rentals (which term shall also include sums payable for use and occupation) and, after deducting all costs of collection and administration expense,
apply the net rentals to the payment of taxes, water and sewer rents, other lienable charges and claims, insurance premiums and all other carrying charges, and to the maintenance, repair or restoration of the Property, or in reduction of the
principal or interest, or both, hereby secured, in such order and amounts as Grantee or said receiver may elect; and for that purpose Grantor hereby assigns to Grantee all rentals due and to become due under any existing or future Lease or Leases,
as well as all rights and remedies provided in such lease or leases or at law or in equity for the collection of the rentals. Any lease or leases entered into by Grantee or said receiver pursuant to this Paragraph shall survive foreclosure of this
Security Instrument and/or repayment of the Note, except to the extent any applicable lease may provide otherwise. 
 (c) Grantee shall have the right, from time to time, to bring an appropriate action to recover any sums required to be paid by Grantor under the terms of this Security Instrument, as they become due,
without regard to whether or not the principal indebtedness or any other sums secured by the Note and this Security Instrument shall be due, and without prejudice to the right of Grantee thereafter to bring an action to foreclose this Security
Instrument or any other action for any Event of Default by Grantor existing at the time the earlier action was commenced. 
 (d) Any real estate sold to satisfy the indebtedness secured hereby may be sold in one parcel, as an entirety, or in such parcels, and in such manner or order as Grantee, in its sole discretion, may
elect. 

  
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 (e) Neither Grantor nor any other person now or hereafter obligated for
payment of all or any part of the sums now or hereafter secured by this Security Instrument shall be relieved of such obligation by reason of the failure of Grantee to comply with any request of Grantor or of any other person so obligated to take
action to foreclose on this Security Instrument or otherwise enforce any provisions of the Security Instrument or the Note, or by reason of the release, regardless of consideration, of all or any part of the security held for the indebtedness
secured by this Security Instrument, or by reason of any agreement or stipulation between any subsequent owner of the Property and Grantee extending the time of payment or modifying the terms of the Security Instrument or Note without first having
obtained the consent of Grantor or such other person; and in the latter event the Grantor and all such other persons shall continue to be liable to make payments according to the terms of any such extension or modification agreement, unless
expressly released and discharged in writing by Grantee. No release of all or any part of the security as aforesaid shall in any way impair or affect the lien of this Security Instrument or its priority over any subordinate lien. 

(f) The specific remedies set forth above are intended to be in addition to, and not in limitation of, such remedies as
may be available to Grantee by statute, or under the applicable rules of civil procedure, or at common law. Grantee may exercise some or all of its remedies concurrently, including separate and concurrent actions on the Note, this Security
Instrument, the other Loan Documents and any guaranty, to the extent it is permitted by law to do so. If Grantee shall fail to exercise any remedy it may have by reason of an Event of Default, such failure shall not constitute a waiver of such Event
of Default. 
 14. Counsel Fees: If Grantee becomes a party to any suit or proceeding affecting the Property or
title thereto, the lien created by this Security Instrument or Grantee’s interest therein (including any proceeding in the nature of eminent domain) or if Grantee engages counsel to collect any of the indebtedness secured hereby or to enforce
performance of the provisions of this Security Instrument, the Note or any other Loan Document, or otherwise engages counsel to review any request or inquiry from Grantor after the date hereof, then Grantee’s costs, expenses and attorneys’
fees reasonably and actually incurred, whether or not suit is instituted, shall be paid to Grantee by Grantor, on demand, with interest at the rate provided in the Note, and until paid they shall be deemed to be part of the indebtedness evidenced by
the Note and secured by this Security Instrument. 
 15. Notices: All notices permitted or required under this
Security Instrument shall be in writing, and shall be sent in accordance with the notice provisions of the Loan Agreement. 

16. Amendment: This Security Instrument cannot be changed or amended except by agreement in writing signed by the party
against whom enforcement of the change is sought. 
 17. Parties Bound: This Security Instrument shall be binding
upon Grantor and its successors and assigns and shall inure to the benefit of Grantee, its successors, participants, and assigns. For purposes of this Security Instrument, the neuter shall include the masculine and the feminine and the singular
shall include the plural and the plural the singular, as the context may require. 
 18. Joint and Several
Liability: If Grantor be more than one person, all agreements, terms, conditions, warrants of attorney, waivers, releases, rights and benefits made or given by Grantor shall be joint and several, and shall bind and affect all persons who

  
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are defined as “Grantor” as fully as though all of them were specifically named herein wherever the word “Grantor” is used. 

19. Interest Rate: 
 (a) Notwithstanding any provision contained in this Security Instrument or in the Note, Grantor’s liability for interest shall not exceed the limits imposed by the applicable usury law. If any clause
in the Note or this Security Instrument requires interest payments in excess of the highest interest rate permitted by the applicable usury law, the clause in question shall be deemed to require such payment at the highest interest rate allowed by
the applicable usury law. 
 (b) In the event Grantee obtains any judgment against Grantor on this Security
Instrument or on the accompanying Note, interest shall accrue on the judgment in the same manner and at the same rate as provided in the Note, notwithstanding any law, custom, or legal presumption to the contrary, subject only to subparagraph
(a) above, until Grantee has received payment in full of all amounts due it pursuant to this Security Instrument and the Note. 
 20. Severability: Any provision of this Security Instrument which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such
prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

21. Waivers: Grantor hereby waives and releases: 

(a) all errors, defects and imperfections in any proceeding instituted by Grantee under the Note and this Security
Instrument; and 
 (b) all benefits that might accrue to Grantor by virtue of any present or future law exempting
the Property, or any part of the proceeds arising from any sale thereof, from attachment, levy or sale on execution, or providing for any stay of execution, exemption from civil procedure or extension of time for payment; and 

(c) ANY RIGHT GRANTOR MAY HAVE UNDER THE CONSTITUTION OR THE LAWS OF THE STATE OF GEORGIA OR THE CONSTITUTION OR THE LAWS
OF THE UNITED STATES OF AMERICA TO NOTICE, OTHER THAN EXPRESSLY PROVIDED FOR IN THIS SECURITY INSTRUMENT, OR TO A JUDICIAL HEARING PRIOR TO THE EXERCISE OF ANY RIGHT OR REMEDY PROVIDED BY THIS SECURITY INSTRUMENT TO THE GRANTEE AND GRANTOR WAIVES
GRANTOR’S RIGHTS, IF ANY, TO SET ASIDE OR INVALIDATE ANY SALE DULY CONSUMMATED IN ACCORDANCE WITH THE PROVISIONS OF THIS SECURITY INSTRUMENT ON THE GROUND (IF SUCH BE THE CASE) THAT THE SALE WAS CONSUMMATED WITHOUT A PRIOR JUDICIAL HEARING. ALL
WAIVERS BY GRANTOR IN THIS PARAGRAPH HAVE BEEN MADE VOLUNTARILY, INTELLIGENTLY AND KNOWINGLY, AFTER GRANTOR HAS BEEN FIRST APPRISED OF GRANTOR’S POSSIBLE ALTERNATIVE RIGHTS BY GRANTOR’S ATTORNEY. 

 

													
	 INITIALS OF THE 
	 	Authorized Officer	  		  				  		  	
						
		 	ON BEHALF OF GRANTOR:	  		  	 	/s/ TGM	  	  		  	            .
		 		  		  				  		  	

  
 12 

 22. Captions; Governing Law: The captions preceding the text of the paragraphs
or subparagraphs of this Security Instrument are inserted only for convenience of reference and shall not constitute a part of this Security Instrument, nor shall they in any way affect its meaning, construction, or effect. This Security Instrument
shall be construed and governed by the laws of the State in which the Property is situated, without regard to conflicts of laws principles. 
 23. Advance Security Instrument. This Security Instrument secures the unpaid balance of advances made, with respect to the Property, for the payment of taxes, assessments, maintenance
charges, insurance premiums or costs actually incurred by Grantee for the protection of the Property or the lien of this Security Instrument and out-of-pocket third-party expenses actually incurred by the Grantee by reason of default by the Grantor
under this Security Instrument. 
 24. Non-Recourse. The non-recourse clause contained in Paragraph 11 of the Note
is incorporated herein by this reference to the same extent and with the same force as if fully set forth herein. 
 25.
Inconsistency; Capitalized Terms. In the event of any conflict between the terms of this Security Instrument and the Loan Agreement, the terms and conditions of the Loan Agreement shall govern and control. All capitalized terms used
herein without definition shall have the same meanings given to such terms in the Loan Agreement. 
 [SIGNATURE FOLLOWS ON
NEXT PAGE] 

  
 13 

 IN WITNESS WHEREOF, this Security Instrument has been duly executed as of the day and year first
above written. 
  

							
	 Signed, sealed and delivered in
 the presence of:
	 		 	IIT ATLANTA LIBERTY DC LLC, a Delaware limited liability company
			
	/s/ Katie Pierson	 		 	
	Unofficial Witness	 		 		 	
		 		 	By:	 	/s/ Thomas G. McGonagle
		 		 		 	Name: Thomas G. McGonagle
		 		 		 	Title: CFO
				
	/s/ Julie A. Laessle	 		 		 	
	Notary Public	 		 		 	
				
	My Commission Expires: 4/26/2014	 		 		 	
				
	[Notary Seal]	 		 		 	

  
 14 

 EXHIBIT “A” 

LEGAL DESCRIPTION 

PARCEL A: 
 SURVEYED DESCRIPTION

 ALL THAT TRACT OR PARCEL OF LAND LYING OR BEING IN LAND LOT 220 AND 221, OF THE 7TH LAND DISTRICT, HENRY COUNTY, GEORGIA, AND BEING MORE
PARTICULARLY DESCRIBED AS FOLLOWS: 
 BEGINNING FROM THE POINT FORMED BY THE SOUTHEASTERLY RIGHT-OF-WAY INTERSECTION OF LIBERTY INDUSTRIAL
PARKWAY (80’ R/W) AND CONSTITUTION DRIVE (80’ R/W) IF THEY WERE EXTENDED TO INTERSECT; THENCE ALONG THE SAID RIGHT-OF-WAY OF LIBERTY INDUSTRIAL PARKWAY THE FOLLOWING SEVEN COURSES AND DISTANCES: S 46°38’18” E A DISTANCE OF
35.36’ TO A POINT; THENCE S 46°38’18” E A DISTANCE OF 24.65’ TO A POINT; THENCE N 43°17’18” E A DISTANCE OF 9.45’ TO A POINT; THENCE S 46°42’39” E A DISTANCE OF 82.60’ TO A POINT; THENCE
WITH A CURVE TURNING TO THE LEFT WITH AN ARC LENGTH OF 198.13’, WITH A RADIUS OF 330.00’, WITH A CHORD BEARING OF S 63°54’41” E, WITH A CHORD LENGTH OF 195.17’ TO A POINT; THENCE S 81°08’19” E A DISTANCE OF
227.17’ TO A POINT; THENCE S 81°08’17” E A DISTANCE OF 16.24’ TO A 1/2” REBAR FOUND AT THE TRUE POINT OF BEGINNING; THENCE FROM THE TRUE POINT OF BEGINNING AS ESTABLISHED AND CONTINUING ALONG THE RIGHT-OF-WAY LINE OF
LIBERTY INDUSTRIAL PARKWAY S 81°08’25” E A DISTANCE OF 5.38’ TO A POINT; THENCE WITH A CURVE TURNING TO THE LEFT WITH AN ARC LENGTH OF 96.43’, WITH A RADIUS OF 405.00’, WITH A CHORD BEARING OF S 87°57’34”
E, WITH A CHORD LENGTH OF 96.20’ TO A POINT; THENCE N 82°05’50” E A DISTANCE OF 9.25’ TO A POINT; THENCE WITH A CURVE TURNING TO THE RIGHT WITH AN ARC LENGTH OF 24.71’, WITH A RADIUS OF 25.00’, WITH A CHORD BEARING
OF S 72°42’21” E, WITH A CHORD LENGTH OF 23.72’ TO A POINT; THENCE WITH A REVERSE CURVE TURNING TO THE LEFT WITH AN ARC LENGTH OF 383.88’, WITH A RADIUS OF 75.00’, WITH A CHORD BEARING OF N 11°01’24” W,
WITH A CHORD LENGTH OF 82.50’ TO A POINT; THENCE WITH A REVERSE CURVE TURNING TO THE RIGHT WITH AN ARC LENGTH OF 27.42’, WITH A RADIUS OF 25.00’, WITH A CHORD BEARING OF S 53°46’57” W, WITH A CHORD LENGTH OF 26.07’
TO A POINT; THENCE WITH A COMPOUND CURVE TURNING TO THE RIGHT WITH AN ARC LENGTH OF 82.14’, WITH A RADIUS OF 345.00’, WITH A CHORD BEARING OF N 87°57’34” W, WITH A CHORD LENGTH OF 81.95’ TO POINT; THENCE N
81°08’19” W A DISTANCE OF 21.62’ TO A 1/2” REBAR FOUND; THENCE DEPARTING THE RIGHT-OF-WAY LINE OF LIBERTY INDUSTRIAL PARKWAY N 18°11’26” E A DISTANCE OF 164.51’ TO A POINT; THENCE N 05°05’32”
W A DISTANCE OF 153.48’ TO A POINT; THENCE N 32°37’33” E A DISTANCE OF 167.49’ TO A 1/2” REBAR FOUND; THENCE S 57°44’02” E A DISTANCE OF 43.48’ TO A 1/2” REBAR FOUND; THENCE WITH A CURVE TURNING
TO THE RIGHT WITH AN ARC LENGTH OF 139.93’, WITH A RADIUS OF 766.20’, WITH A CHORD BEARING OF S 54°24’19” E, WITH A CHORD LENGTH OF 139.74’ TO A 1/2” REBAR FOUND; THENCE N 40°45’34” E A DISTANCE OF
98.42’ TO A 3/4” AXLE; THENCE S 88°37’18” E A DISTANCE OF 860.48’ TO A 1/2” REBAR FOUND; THENCE S 88°37’18” E A DISTANCE OF 150.24’ TO A 1/2” REBAR FOUND ON THE NORTHWESTERLY RIGHT-OF-WAY
LINE OF INTERSTATE 75; THENCE ALONG THE NORTHWESTERLY RIGHT-OF-WAY LINE OF INTERSTATE 75 THE FOLLOWING FOUR COURSES AND DISTANCES: WITH A CURVE TURNING TO THE RIGHT WITH AN ARC LENGTH OF 893.63’, WITH A RADIUS OF 5579.58’, WITH A CHORD

  
 - 15 -

 
BEARING OF S 33°30’43” E, WITH A CHORD LENGTH OF 892.68’ TO A CONCRETE MONUMENT FOUND; THENCE S 26°23’39” E A DISTANCE OF 93.80’ TO A CONCRETE MONUMENT
FOUND; THENCE S 26°54’26” E A DISTANCE OF 399.63’ TO A CONCRETE MONUMENT FOUND; THENCE S 24°03’03” E A DISTANCE OF 118.17’ TO A 1/2” REBAR FOUND; THENCE DEPARTING THE NORTHWESTERLY RIGHT-OF-WAY LINE OF
INTERSTATE 75 S 65°55’25” W A DISTANCE OF 346.96’ TO A 1/2” REBAR FOUND; THENCE N 79°33’46” W A DISTANCE OF 1487.88’ TO A 1/2” REBAR FOUND; THENCE N 79°33’48” W A DISTANCE OF 309.09’
TO A 1/2” REBAR FOUND; THENCE N 01°38’13” W A DISTANCE OF 563.64’ TO A POINT; THENCE N 06°21’49” W A DISTANCE OF 88.03’ TO THE 1/2” REBAR FOUND AT THE TRUE POINT OF BEGINNING. 

SAID TRACT OR PARCEL OF LAND CONTAINS 51.063 ACRES (BEING 2,224,327 SQUARE FEET), INCLUDING ALL EASEMENTS. 

PARCEL B: 
 SURVEYED DESCRIPTION

 ALL THAT TRACT OR PARCEL OF LAND LYING OR BEING IN LAND LOT 220, OF THE 7TH LAND DISTRICT, HENRY COUNTY, GEORGIA, AND BEING MORE PARTICULARLY
DESCRIBED AS FOLLOWS: 
 BEGINNING FROM THE INTERSECTION NORTHWESTERLY RIGHT-OF-WAY LINE OF INTERSTATE 75 (VARIABLE R/W) WITH THE LAND LOT LINE
COMMON TO LAND LOTS 220 AND 221 THENCE ALONG THE LAND LOT LINE COMMON TO LAND LOTS 220 AND 221 S 01°23’22” W A DISTANCE OF 124.85’ TO A 1/2” REBAR FOUND BEING THE TRUE POINT OF BEGINNING; THENCE FROM THE TRUE POINT OF
BEGINNING AS THUS ESTABLISHED AND DEPARTING THE LAND LOT LINE COMMON TO LAND LOTS 220 AND 221 S 46°36’17” E A DISTANCE OF 488.04’; THENCE WITH A CURVE TURNING TO THE RIGHT WITH AN ARC LENGTH OF 713.93’, WITH A RADIUS OF
5464.57’, WITH A CHORD BEARING OF S 42°51’44” E, WITH A CHORD LENGTH OF 713.42’ TO A 1/2” REBAR FOUND; THENCE N 88°37’18” W A DISTANCE OF 860.48’ TO A 3/4” AXLE FOUND ON THE LAND LOT LINE COMMON
TO LAND LOTS 220 AND 221; THENCE ALONG THE LAND LOT LINE COMMON TO LAND LOTS 220 AND 221 N 01°23’22” E A DISTANCE OF 837.77’ TO THE 1/2” REBAR FOUND AT THE TRUE POINT OF BEGINNING. 

SAID TRACT OR PARCEL OF LAND CONTAINS 8.662 ACRES (BEING 377,350 SQUARE FEET), INCLUDING ALL EASEMENTS. 

  
 - 16 -Second Deed of Trust, Security Agreement, Financing Statement and Fixture Filing

 EXHIBIT 10.60 
 NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR
SOCIAL SECURITY NUMBER OR YOUR DRIVER’S LICENSE NUMBER. 
 SECOND DEED OF TRUST, SECURITY AGREEMENT AND FIXTURE
FILING 
 THIS SECOND DEED OF TRUST, SECURITY AGREEMENT AND FIXTURE FILING is made to be effective as of the 17th day of
June, 2011, by IIT SUGARLAND INTERCHANGE DC LP, a Delaware limited partnership, having an office at 518 17th Street, Suite 1700, Denver, CO 80202 (“Grantor”), in favor of in favor of Phyllis J. Ocean, as trustee, whose
address is c/o Stewart Title – Houston, 5858 Westheimer Rd., Ste. 850, Houston, TX 77057 (“Trustee”) for the benefit of GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY, a Colorado corporation, with an office at 8515
East Orchard Road, 3T2, Greenwood Village, CO 80111, Attention: Mortgage Investments (“Beneficiary”). 
 W I
T N E S S E T H : 
 As evidenced by a Guaranty Agreement of even date herewith from Grantor in favor of Beneficiary,
Grantor has guaranteed: (a) payment of all obligations owing under those certain promissory notes made by affiliates of Grantor (collectively, the “Grantor Affiliates”) in favor of Beneficiary, all of even date herewith in the
aggregate principal amount of $47,684,000.00 (collectively, the “Notes”); and (b) all of the Grantor Affiliates’ obligations under all of the documents securing the Notes (such guaranty, as the same may be amended,
modified or restated from time to time, and any replacement or successor guaranty, the “Guaranty”). 
 NOW,
THEREFORE, in consideration of the indebtedness, and as security for performance of the obligations of Grantor under the Guaranty and the agreements, conditions, covenants, provisions and stipulations contained herein, Grantor does hereby GRANT,
BARGAIN, SELL, ASSIGN AND CONVEY unto the Trustee, for the benefit of Beneficiary, all that certain real estate described in Exhibit “A” attached hereto and made a part hereof. 

TOGETHER WITH all of Grantor’s right, title and interest in and to: 

1. any and all buildings and improvements erected or hereafter erected thereon; 

2. any and all fixtures, appliances, machinery and equipment of any nature whatsoever, and other articles of personal property at any
time now or hereafter installed in, attached to or situated in or upon the above described real estate or any buildings and improvements now or hereafter erected thereon, or used or intended to be used in connection with the real estate, or in the
operation of the buildings and improvements, plant, business or dwellings situate thereon, whether or not the personal property is or shall be affixed thereto; 
 3. all building materials, fixtures, building machinery and building equipment delivered on site to the real estate during the course of, or in connection with, construction of any buildings and
improvements thereon; and 

 4. any and all tenements, hereditaments and appurtenances belonging to the real estate or
any part thereof hereby mortgaged or intended so to be, or in any way appertaining thereto, and all appurtenant streets, alleys, passages, ways, water courses and all easements and covenants now existing or hereafter created for the benefit of
Grantor or any subsequent owner or tenant of the mortgaged real estate over ground adjoining the mortgaged real estate and all rights to enforce the maintenance thereof, and all other rights, liberties, licenses, fees and privileges of whatsoever
kind or character, and the reversions and remainders, income, rents, issues and profits arising therefrom, and all the estate, right, title, interest, property, possession, claim and demand whatsoever, at law or in equity, of Grantor in and to the
real estate or any part thereof. All of the foregoing interests are sometimes collectively referred to herein as the “Mortgaged Property.” 
 ALSO TOGETHER WITH any and all awards heretofore and hereafter made to the present and all subsequent owners of the Mortgaged Property by any governmental or other lawful authorities for taking or
damaging by eminent domain the whole or any part of the Mortgaged Property or any easement therein, including any awards for any changes of grade of streets, which said awards are hereby assigned to the Beneficiary, subject to the terms and
conditions of the Loan Agreement (as defined in Section 8 hereof), who is hereby authorized to collect and receive the proceeds of any such awards from such authorities and to give proper receipts and acquittances therefor, and to apply
(subject to the terms of the Loan Agreement) the same (after deduction of attorneys’ fees and other costs of collecting the funds) toward the payment of the amount owing on account of this Deed of Trust and the Guaranty, notwithstanding the
amount owing thereon may not then be due and payable; and the Grantor hereby agrees, upon request, to make, execute and deliver any and all assignments and other instruments sufficient for the purpose of assigning the aforesaid awards to
Beneficiary, free, clear and discharged of any and all encumbrances of any kind or nature whatsoever. Grantor further agrees to give Beneficiary prompt notice of the actual commencement of any proceedings in the nature of eminent domain affecting
all or any part of the Mortgaged Property or any written threat of such proceedings, and will deliver to Beneficiary copies of any papers served upon Grantor in connection with any such proceedings. 

TO HAVE AND TO HOLD the Mortgaged Property hereby conveyed or mentioned and intended so to be, unto the Trustee, for the benefit
of Beneficiary, to its own use forever. 
 UNDER AND SUBJECT, nevertheless to the lien and payment of that certain Deed
of Trust, Security Agreement and Fixture Filing of even date herewith, security the principal amount of $19,185,000.00 executed by Grantor in favor of Beneficiary and intended to be recorded immediately prior to the recording of these presents (the
“First Deed of Trust”). 
 PROVIDED ALWAYS, and this instrument is upon the express condition that, if
Grantor pays to Beneficiary all sums payable by Grantor to Beneficiary as are secured hereby, in accordance with the provisions of the Guaranty, at the times and in the manner specified, without deduction, fraud or delay, and Grantor complies with
all the terms and conditions contained herein (through and including the date of repayment of all such sums in full) and in the Guaranty, then this Deed of Trust and the estate hereby granted shall cease and become void. 

GRANTOR COVENANTS with the Beneficiary that until the indebtedness secured hereby is fully repaid: 

  
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 1. Payment and Performance: Grantor shall pay to Beneficiary, in accordance
with the terms of the Guaranty and this Deed of Trust, the principal and interest, and other sums therein set forth; and shall comply with all the terms and conditions of the Guaranty and this Deed of Trust. 

2. Maintenance of Mortgaged Property: Grantor shall abstain from and shall not permit the commission of waste in or about
the Mortgaged Property; and, except as expressly permitted pursuant to the Loan Agreement or any lease, license, concession or occupancy agreement of all or any part of the Mortgaged Property (each a “Lease” and, collectively, the
“Leases”) shall not remove or demolish, or alter the structural character of, any building erected at any time on the Mortgaged Property. Without the prior written consent of Beneficiary, Grantor shall not permit the Mortgaged
Property to become abandoned or unguarded, and shall maintain or cause to be maintained the Mortgaged Property in good condition and repair, reasonable wear and tear excepted. 
 3. Indemnification: Grantor shall protect, indemnify and save harmless Beneficiary from and against all action, out-of-pocket third party costs and expenses (including, without limitation,
reasonable attorneys’ fees and expenses), imposed upon or incurred by or asserted against Beneficiary (other than for any action, cost or expense resulting from the gross negligence or willful misconduct of Beneficiary) and arising from any
state of facts or circumstances existing prior to Beneficiary’s acquiring title through foreclosure or a deed in lieu of foreclosure or due to any action or inaction of Grantor by reason of: (i) the ownership of this Deed of Trust, the
Mortgaged Property or any interest therein or receipt of any rents; (ii) any accident, injury to or death to persons or loss of or damage to property occurring in, on or about the Mortgaged Property or any part thereof; (iii) any use or
condition in, on or about the Mortgaged Property or any part thereof; (iv) any failure on the part of the Grantor to perform or comply in all material respects with any of the terms of this Deed of Trust; or (v) the performance of any
labor or services or the furnishing of any materials or other property in respect of the Mortgaged Property or any part thereof. Any amounts payable to Beneficiary by reason of the application of this Paragraph shall be included in the indebtedness
guaranteed by the Guaranty and secured by this Deed of Trust, and shall become immediately due and payable and shall bear interest at the Default Rate (as defined in the Notes) from the date such loss or damage is sustained by Beneficiary until
paid. The obligations of Grantor under this Paragraph shall survive any satisfaction, assignment, foreclosure or delivery of a deed in lieu of foreclosure of this Deed of Trust. 

4. Security Agreement: This Deed of Trust constitutes a security agreement under the Uniform Commercial Code in effect in
the state in which the Mortgaged Property is located and creates a security interest in the personal property included in the Mortgaged Property. Grantor shall execute and deliver any security agreements Beneficiary may reasonably require from time
to time to confirm the lien of this Deed of Trust with respect to such property and Beneficiary may file all such financing statements as Beneficiary deems necessary in its sole discretion to perfect such security interest. Without limiting the
foregoing, Grantor hereby irrevocably appoints Beneficiary attorney-in-fact for Grantor to execute, deliver and file such instruments for and on behalf of Grantor. 

  
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 5. Compliance with Law and Regulations: Grantor shall promptly comply with all
applicable laws, ordinances, regulations and orders of all Federal, State, municipal and other governmental authorities relating to the Mortgaged Property. 
 6. Inspection and Environmental Audits: 
 (a)
Beneficiary and any persons authorized by Beneficiary shall have the right at any time and from time to time, subject to the rights of any tenant under any Lease, to enter the Mortgaged Property at reasonable hours to inspect and photograph its
condition and state of repair. 
 (b) After an Event of Default, Beneficiary, at its option, may cause an
environmental audit of the Mortgaged Property to be made by an engineering firm selected by Beneficiary, at Grantor’s expense, and Grantor’s obligation to pay such expense upon demand shall be secured by this Deed of Trust. 

7. Declaration of No Set Off: Within twenty (20) days after requested to do so by Beneficiary, Grantor shall certify
to Beneficiary or to any proposed assignee of this Deed of Trust, in a writing duly acknowledged, the amount of principal, interest and other charges then owing on the obligation secured by this Deed of Trust and whether there are any setoffs or
defenses against it. 
 8. Due on Sale Clause: Reference is hereby made to Article 6 of the Loan Agreement between
Grantor and its affiliates, as borrower, and Beneficiary, as lender, dated of even date herewith (as amended, restated or supplemented from time to time, the “Loan Agreement”) for the restrictions on transferring any interest in
Grantor, or the Mortgaged Property. 
 9. Subordinate Liens: Other than the First Deed of Trust, executed
contemporaneously herewith by Grantor for the benefit of Beneficiary and subject to the terms of Section 3.4 of the Loan Agreement, without the prior written consent of Beneficiary, Grantor shall not create or cause or permit to exist any lien
on or security interest in the Mortgaged Property or any part thereof, and Grantor shall not otherwise incur any indebtedness for money borrowed to improve the Mortgaged Property or any part thereof, other than the indebtedness secured hereby and
the obligations secured by the First Deed of Trust. Any violation of the foregoing limitation, at the option of Beneficiary, shall be deemed an Event of Default hereunder for which no notice or cure period shall apply. 

10. Right to Remedy Defaults: If Grantor fails to pay, or cause the payment of, taxes, assessments, water and sewer charges
or other lienable claims (except in case of contest as aforesaid) or insurance premiums, or fails to make necessary repairs or permit waste, or otherwise fails to comply with its obligations hereunder or under the Guaranty or any other document
executed in connection with this Deed of Trust, then Beneficiary, at its election and upon one (1) day notice to Grantor, shall have the right to make any payment or expenditure which Grantor should have made, or which Beneficiary deems
advisable, in the exercise of its reasonable business judgment, to protect the security of this Deed of Trust or the Mortgaged Property, without prejudice to any of the Beneficiary’s rights or remedies available hereunder or otherwise, at law
or in equity. All such sums, as well as costs, advanced by Beneficiary pursuant 

  
 4 

 
to this Deed of Trust shall be due from Grantor to Beneficiary within ten (10) days after written demand, shall be secured hereby, and shall bear interest at the Default Rate from the date
of payment by Beneficiary until the date of repayment. 
 11. Events of Default: Any one or more of the following
shall constitute an event of default (each, an “Event of Default”) hereunder: 
 (a) If there
occurs any Event of Default under and as specified in the Guaranty or any other Loan Documents (as defined in the Loan Agreement); 
 (b) If Grantor fails to pay any sum due under this Deed of Trust on the date such sum is due and such failure continues for five (5) calendar days; 

(c) If Grantor violates Paragraph 9 hereof entitled “Subordinate Liens”; and/or 

(d) If Grantor fails to perform or comply with any of the other agreements, conditions covenants, provisions or
stipulations contained in this Deed of Trust and such failure continues for thirty (30) days after written notice thereof from Beneficiary; provided, however, that if the failure is of such a nature so as to be subject to cure but not within
said thirty (30) day period, Grantor shall have such additional reasonable period of time not exceeding ninety (90) days to effect such cure so long as Grantor has commenced efforts to cure within such thirty (30) day period and
thereafter diligently prosecutes the same to completion. 
 12. Remedies: 

(a) Upon the occurrence of any Event of Default hereunder, the entire unpaid balance of principal, accrued interest and
all other sums secured by this Deed of Trust shall become immediately due and payable, at the option of Beneficiary, without further notice or demand. 
 (b) When the entire indebtedness shall become due and payable because of the occurrence of any Event of Default, or otherwise, then forthwith: 

(i) Foreclosure: Beneficiary may institute an action of mortgage foreclosure, or take such other action at
law or in equity for the enforcement of this Deed of Trust and realization on the Mortgaged Property or any other security herein or elsewhere provided for, as the law may allow, and may proceed therein to final judgment and execution for the entire
unpaid balance of the principal debt, with interest at the rate(s) stipulated in the Note, together with all other sums due from Grantor in accordance with the provisions of the Guaranty and this Deed of Trust, including all sums which may have been
loaned by Beneficiary to Grantor after the date of this Deed of Trust, and all sums which may have been advanced by Beneficiary for taxes, water or sewer rents, other lienable charges or claims, insurance or repairs or maintenance, all out-of-pocket
third party costs of suit and fees and expenses reasonably and actually incurred. Grantor authorizes Trustee, at Beneficiary’s option, to foreclose this Deed of Trust, subject to the rights (if any) of any tenants of the Mortgaged Property, and
the failure to make any such tenants parties to any such foreclosure proceedings and to foreclose their 

  
 5 

 
rights will not be asserted by Grantor as a defense to any proceedings instituted by Beneficiary to recover the indebtedness secured hereby or any deficiency remaining unpaid after the
foreclosure sale of the Mortgaged Property. 
 (ii) Possession: Subject to the rights of any tenant
under any Lease, Beneficiary may enter into possession of the Mortgaged Property, and, to the extent permitted by applicable law, with or without legal action, and by force if necessary or, in the alternative, Beneficiary shall be entitled to
appointment of receiver without regard to (A) the solvency of Grantor or any other person liable for the debt secured hereby, or (B) whether there has been or may be any impairment of the value of the Mortgaged Property or any other
collateral for the debt (Grantor acknowledges that the right to appointment of a receiver is a specific inducement to Beneficiary to enter into the transaction referred to in this Deed of Trust), and may rent the Mortgaged Property, or any part
thereof, for such term or terms and on such other terms and conditions as Beneficiary or such receiver may see fit, collect all rentals (which term shall also include sums payable for use and occupation) and, after deducting all out-of-pocket third
party costs of collection and reasonable administration expense, apply the net rentals to the payment of taxes, water and sewer rents, other lienable charges and claims, insurance premiums and all other carrying charges, and to the maintenance,
repair or restoration of the Mortgaged Property, or in reduction of the principal or interest, or both, hereby secured, in such order and amounts as Beneficiary or said receiver may elect; and for that purpose Grantor hereby assigns to Beneficiary
all rentals due and to become due under any existing or future Lease or Leases, as well as all rights and remedies provided in such Lease or Leases or at law or in equity for the collection of the rentals. Any Lease or Leases entered into by
Beneficiary or said receiver pursuant to this Paragraph shall survive foreclosure of this Deed of Trust, except to the extent any applicable Lease may provide otherwise. 

(c) Beneficiary shall have the right, from time to time, to bring an appropriate action to recover any sums required to be
paid by Grantor under the terms of this Deed of Trust, as they become due, without regard to whether or not the principal indebtedness or any other sums guaranteed by the Guaranty and this Deed of Trust shall be due, and without prejudice to the
right of Beneficiary thereafter to bring an action to foreclose this Deed of Trust or any other action for any Event of Default by Grantor existing at the time the earlier action was commenced. 

(d) Any real estate sold to satisfy the indebtedness secured hereby may be sold in one parcel, as an entirety, or in such
parcels, and in such manner or order as Beneficiary, in its sole discretion, may elect. 
 (e) Neither Grantor
nor any other person now or hereafter obligated for payment of all or any part of the sums now or hereafter secured by this Deed of Trust shall be relieved of such obligation by reason of the failure of Beneficiary to comply with any request of
Grantor or of any other person so obligated to take action to foreclose on this Deed of Trust or otherwise enforce any provisions of this Deed of Trust or the Guaranty, or by reason of the release, regardless of consideration, of all or any part of
the security held for the indebtedness secured by this Deed of Trust, or by reason of any agreement or stipulation between any subsequent owner of the Mortgaged Property and Beneficiary extending the time of payment or modifying the terms of this
Deed of Trust 

  
 6 

 
or the Guaranty without first having obtained the consent of Grantor or such other person; and in the latter event the Grantor and all such other persons shall continue to be liable to make
payments according to the terms of any such extension or modification agreement, unless expressly released and discharged in writing by Beneficiary. No release of all or any part of the security as aforesaid shall in any way impair or affect the
lien of this Deed of Trust or its priority over any subordinate lien. 
 (f) The specific remedies set forth
above are intended to be in addition to, and not in limitation of, such remedies as may be available to Beneficiary by statute, or under the applicable rules of civil procedure, or at common law, including, without limitation, those set forth in
Exhibit B attached hereto and made a part hereof. Beneficiary may exercise some or all of its remedies concurrently, including separate and concurrent actions on the Guaranty, this Deed of Trust, the other Loan Documents and any other
guaranty, to the extent it is permitted by law to do so. If Beneficiary shall fail to exercise any remedy it may have by reason of an Event of Default, such failure shall not constitute a waiver of such Event of Default. 

13. Counsel Fees: If Beneficiary becomes a party to any suit or proceeding affecting the Mortgaged Property or title
thereto, the lien created by this Deed of Trust or Beneficiary’s interest therein (including any proceeding in the nature of eminent domain) or if Beneficiary engages counsel to collect any of the indebtedness secured hereby or to enforce
performance of the provisions of this Deed of Trust, the Guaranty or any other Loan Document, or otherwise engages counsel to review any request or inquiry from Grantor after the date hereof, then Beneficiary’s out-of-pocket third party costs,
expenses and attorneys’ fees reasonably and actually incurred, whether or not suit is instituted, shall be paid to Beneficiary by Grantor, on demand, with interest at the rate provided in the Note, and until paid they shall be deemed to be part
of the indebtedness guaranteed by the Guaranty and secured by this Deed of Trust. 
 14. Notices: All notices
permitted or required under this Deed of Trust shall be in writing, and shall be sent in accordance with the notice provisions of the Loan Agreement. 
 15. Amendment: This Deed of Trust cannot be changed or amended except by agreement in writing signed by the party against whom enforcement of the change is sought. 

16. Parties Bound: This Deed of Trust shall be binding upon Grantor and its successors and assigns and shall inure to the
benefit of Beneficiary, its successors, participants, and assigns. For purposes of this Deed of Trust, the neuter shall include the masculine and the feminine and the singular shall include the plural and the plural the singular, as the context may
require. 
 17. Joint and Several Liability: If Grantor be more than one person, all agreements, terms,
conditions, warrants of attorney, waivers, releases, rights and benefits made or given by Grantor shall be joint and several, and shall bind and affect all persons who are defined as “Grantor” as fully as though all of them were
specifically named herein wherever the word “Grantor” is used. 

  
 7 

 18. Interest Rate: 

(a) Notwithstanding any provision contained in this Deed of Trust or in the Guaranty, Grantor’s liability for
interest shall not exceed the limits imposed by the applicable usury law. If any clause in the Guaranty or this Deed of Trust requires interest payments in excess of the highest interest rate permitted by the applicable usury law, the clause in
question shall be deemed to require such payment at the highest interest rate allowed by the applicable usury law. 
 (b) In the event Beneficiary obtains any judgment against Grantor on this Deed of Trust or on the accompanying Guaranty, interest shall accrue on the judgment in the same manner and at the same rate as
provided in the Note, notwithstanding any law, custom, or legal presumption to the contrary, subject only to subparagraph (a) above, until Beneficiary has received payment in full of all amounts due it pursuant to this Deed of Trust and the
Guaranty. 
 19. Severability: Any provision of this Deed of Trust which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction. 
 20. Waivers: Grantor hereby waives
and releases: 
 (a) all errors, defects and imperfections in any proceeding instituted by Beneficiary under the
Guaranty and this Deed of Trust; and 
 (i) all benefits that might accrue to Grantor by virtue of any present or
future law exempting the Mortgaged Property, or any part of the proceeds arising from any sale thereof, from attachment, levy or sale on execution, or providing for any stay of execution, exemption from civil procedure or extension of time for
payment. 
 21. Captions; Governing Law: The captions preceding the text of the paragraphs or subparagraphs of
this Deed of Trust are inserted only for convenience of reference and shall not constitute a part of this Deed of Trust, nor shall they in any way affect its meaning, construction, or effect. This Deed of Trust shall be construed and governed by the
laws of the State in which the Mortgaged Property is situated, without regard to conflicts of laws principles. 
 22.
Advance Money Deed of Trust. This Deed of Trust secures the unpaid balance of advances made, with respect to the Mortgaged Property, for the payment of taxes, assessments, maintenance charges, insurance premiums or out-of-pocket third
party costs actually incurred by Beneficiary for the protection of the Mortgaged Property or the lien of this Deed of Trust, and out-of-pocket third party expenses actually incurred by the Beneficiary by reason of default by the Grantor under this
Deed of Trust. 
 23. Limitation of Liability. The limitation of liability clause contained in Paragraph 1 of the
Guaranty is incorporated herein by this reference. 

  
 8 

 24. Incorporation of State Law Provisions. Certain provisions/sections of this
Deed of Trust and certain additional provisions/sections that are required by laws of the State in which the Mortgaged Property is located are amended, described and/or otherwise set forth in more detail on Exhibit “B” attached
hereto, which such Exhibit by this reference, is incorporated into and made a part of this Deed of Trust. In the event of any conflict between such state law provisions and any provision herein, the state law provisions shall control. 

25. Inconsistency; Capitalized Terms. In the event of any conflict between the terms of this Deed of Trust and the Loan
Agreement, the terms and conditions of the Loan Agreement shall govern and control. All capitalized terms used herein without definition shall have the same meanings given to such terms in the Loan Agreement. 

[SIGNATURE FOLLOWS ON NEXT PAGE] 

  
 9 

 IN WITNESS WHEREOF, this Deed of Trust has been duly executed as of the day and year
first above written. 
  

			
	IIT SUGARLAND INTERCHANGE DC LP, a Delaware limited partnership
		
	By:	 	IIT Sugarland Interchange DC GP LLC
		
	By:	 	/s/ Thomas G. McGonagle
		 	Name: Thomas G. McGonagle
		 	Title: Authorized Officer

  

					
	 STATE OF Colorado    
	  	:	  	
		  	:	  	SS
	 COUNTY OF Denver            
	  	:	  	

 On this, the 13th day of June, 2011, before me, the undersigned, a Notary Public in and for the State and
County aforesaid, personally appeared Thomas G. McGonagle, who acknowledged himself/herself to be the Authorized Officer of IIT SUGARLAND INTERCHANGE DC GP LLC, General Partner of IIT Sugarland Interchange DC LP, a Delaware limited partnership.

 IN WITNESS WHEREOF, I have hereunto set my hand and notarial seal. 

			
		
	Notary Public:	 	/s/ Julie A. Laessle
		
	My Commission Expires:	 	4/26/2014

 [Signature Page to TX Second Deed of Trust] 

  
 10 

 EXHIBIT “A” 

LEGAL DESCRIPTION 

All of COMMERCIAL RESERVE “A2”, containing 33.4709 acres, more or less, of SUGARLAND BUSINESS PARK TRACT 130 AND 131, REPLAT NO. 3, an addition
in Fort Bend County, Texas according to the map or plat thereof recorded in Plat No. 20090097 of the Plat Records of Fort Bend County, Texas. 

  
 A-1

 EXHIBIT “B” 

STATE LAW PROVISIONS 
 1. Receipt: Grantor acknowledges receipt of a true, correct and complete copy of this document, without charge to Grantor. 
 2. No Offset for Taxes. Grantor will neither claim any deduction from the taxable value of the Mortgaged Property by reason of this Deed of Trust nor claim or be entitled to any credit against the
principal and interest due under the Guaranty and this Deed of Trust for any taxes, assessments, water or sewer rents or any other governmental charges or impositions paid by Grantor with respect to the Mortgaged Property. 

3. Nonjudicial Foreclosure. When the entire indebtedness shall become due and payable, either because of maturity or because of the occurrence of
any Event of Default, or otherwise, Beneficiary may require the Trustee to sell all or part of the Mortgaged Property at public auction to the highest bidder for cash, at the county courthouse of the county in Texas in which the Mortgaged Property
or any part thereof is situated, or if the Mortgaged Property is located in more than one county, such sale may be made at the courthouse in any county in which the Mortgaged Property is situated. The sale shall take place at such area of the
courthouse as shall be properly designated from time to time by the commissioners court (or, if not so designated by the commissioners court, at such other area in the courthouse as may be provided in the notice of sale hereinafter described) of the
specified county, between the hours of 10:00 o’clock a.m. and 4:00 o’clock p.m. (the commencement of such sale to occur within three hours following the time designated in the hereinafter described notice of sale as the earliest time at
which such sale shall occur, if required by applicable law) on the first Tuesday of any month, after giving notice of the time, place and terms of said sale (including the earliest time at which such sale shall occur) and of the property to be sold
in the manner hereinafter described. Notice of a sale of all or part of the Mortgaged Property by the Trustee shall be given by posting written notice thereof at the courthouse door (or other area in the courthouse as may be designated for such
public notices) of the county in which the sale is to be made, and by filing a copy of the notice in the office of the county clerk of the county in which the sale is to be made, at least twenty-one (21) days preceding the date of the sale, and
if the property to be sold is in more than one county, a notice shall be posted at the courthouse door (or other area in the courthouse as may be designated for such public notices) and filed with the county clerk of each county in which the
property to be sold is situated. In addition, Beneficiary shall, at least twenty-one (21) days preceding the date of sale, serve written notice of the proposed sale by certified mail on Grantor and each debtor obligated to pay the debt secured
hereby according to the records of Beneficiary. Service of such notice shall be completed upon deposit of the notice, enclosed in a postpaid wrapper, properly addressed to such debtor at the most recent address as shown by the records of
Beneficiary, in a post office or official depository under the care and custody of the United States Postal Service. The affidavit of any person having knowledge of the facts to the effect that such service was completed shall be prima facie
evidence of the fact of service. Any notice that is required or permitted to be given to Grantor may be addressed to Grantor at Grantor’s address as stated above. Any notice that is to be given by certified mail to any other debtor may, if no
address for such other debtor is shown by the records of Beneficiary, be addressed to such other debtor at the address of Grantor as is shown by the records of Beneficiary. Notwithstanding the foregoing provisions of this paragraph, notice of such
sale given in accordance with the requirements of the applicable laws of the State of Texas in effect at the time of such sale shall 

  
 B-1

 
constitute sufficient notice of such sale. Trustee may sell all or any portion of the Mortgaged Property, together or in lots or parcels, and may execute and deliver to the purchaser or
purchasers of such property good and sufficient deeds of conveyance of fee simple title with covenants of general warranty made on behalf of Grantor. In no event shall Trustee be required to exhibit, present or display at any such sale any of the
personalty described in to be sold at such sale. Trustee making such sale shall receive the proceeds thereof and shall apply the same as follows: (i) first, he shall pay the reasonable expenses of Trustee and a reasonable Trustee’s fee;
(ii) second, he shall pay, so far as may be possible, the indebtedness, discharging first that portion of the indebtedness arising under the covenants or agreements herein contained and not evidenced by the notes guaranteed by the Guaranty;
(iii) third, he shall pay the residue, if any, to the persons legally entitled thereto. Payment of the purchase price to Trustee shall satisfy the obligation of the purchaser at such sale therefor, and such purchaser shall not be responsible
for the application thereof. The sale or sales by Trustee of less than the whole of the Mortgaged Property shall not exhaust the power of sale herein granted, and Trustee is specifically empowered to make successive sale or sales under such power
until the whole of the Mortgaged Property shall be sold; and if the proceeds of such sale or sales of less than the whole of the Mortgaged Property shall be less than the aggregate of the indebtedness and the expenses thereof, this Deed of Trust and
the lien, security interest and assignments hereof shall remain in full force and effect as to the unsold portion of the Mortgaged Property just as though no sale or sales had been made; provided, however, that Grantor shall never have any right to
require the sale or sales of less than the whole of the Mortgaged Property, but Beneficiary shall have the right, at its sole election, to request Trustee to sell less than the whole of the Mortgaged Property. Upon the occurrence of an Event of
Default, the holder of the indebtedness or any part thereof on which the payment is delinquent shall have the option to proceed with foreclosure in satisfaction of such item, either through judicial proceedings or by directing Trustee to proceed as
if under a full foreclosure, conducting the sale as herein provided without declaring the entire indebtedness due, and if sale is made because of default of an installment, or a part of an installment, such sale may be made subject to the unmatured
part of the indebtedness; and it is agreed that such sale, if so made, shall not in any manner affect the unmatured part of the indebtedness, but as to such unmatured part this Deed of Trust shall remain in full force and effect as though no sale
had been made under the provisions of this paragraph. Several sales may be made hereunder without exhausting the right of sale for any unmatured part of the indebtedness. At any such sale (1) Grantor hereby agrees, in its behalf and in behalf
of its heirs, executors, administrators, successors, personal representatives and assigns, that any and all recitals made in any deed of conveyance given by Trustee with respect to the identity of Beneficiary, the occurrence or existence of any
default, the acceleration of the maturity of any of the indebtedness, the request to sell, the notice of sale, the giving of notice to all debtors legally entitled thereto, the time, place, terms, and manner of sale, and receipt, distribution and
application of the money realized therefrom, or the due and proper appointment of a substitute Trustee, and, without being limited by the foregoing, with respect to any other act or thing having been duly done by Beneficiary or by Trustee hereunder,
shall be taken by all courts of law and equity as prima facie evidence that the statements or recitals state facts and are without further question to be so accepted, and Grantor hereby ratifies and confirms every act that Trustee or any substitute
Trustee hereunder may lawfully do in the premises by virtue hereof, and (2) the purchaser may disaffirm any easement granted, or rental, lease or other contract made in violation of any provision of the Loan Documents, and may take immediate
possession of the Mortgaged Property free from, and despite the terms of, such grant of easement and rental or lease contract. Beneficiary may bid and 

  
 B-2

 become the purchaser of all or any part of the Mortgaged Property at any trustee’s or foreclosure sale
hereunder. Beneficiary’s bid (or any portion thereof) at any foreclosure sale may consist of a credit bid of all or any portion of the indebtedness then owed, and the amount of Beneficiary’s successful bid may be credited against and as
payment of all or a portion of the indebtedness. 
 4. Substitute Trustee. (a) If, for any reason, Beneficiary prefers to appoint a
substitute Trustee hereunder, Beneficiary may, from time to time, by written instrument, appoint one or more substitute Trustees, who shall succeed to all the estate, rights, powers, and duties of the original Trustee named herein. Such appointment
may be executed by anyone acting in a representative capacity, and such appointment shall be conclusively presumed to have been executed with appropriate authority. 
 (b) Trustee may resign at any time upon giving thirty (30) days’ notice to Beneficiary, in which event Beneficiary shall appoint one or more substitute Trustees in accordance with subsection
(a) above. 
 5. Indemnification of Trustee. Except for gross negligence or willful misconduct, Trustee shall not be liable for any
act or omission or error of judgment. Trustee may rely on any document believed by him in good faith to be genuine. All money received by Trustee shall, until used or applied as herein provided, be held in trust, but need not be segregated (except
to the extent required by law), and Trustee shall not be liable for interest thereon. Grantor hereby indemnifies Trustee against all liability and expenses that he may incur in the performance of his duties hereunder. 

6. Rights and Remedies of Sureties. Grantor waives any right or remedy which Grantor may have or be able to assert pursuant to Chapter 34 of
the Texas Business and Commerce Code pertaining to the rights and remedies of sureties. 
 7. Lawsuit. Beneficiary may proceed by a suit
or suits in equity or at law, for the specific performance of any covenant or agreement herein contained or in aid of the execution of any power herein granted or, when the entire indebtedness shall become due and payable, either because of maturity
or because of the occurrence of any Event of Default, or otherwise, for any foreclosure hereunder or for the sale of the Mortgaged Property under the judgment or decree of any court or courts of competent jurisdiction. 

8. Offset. When the entire indebtedness shall become due and payable, either because of maturity or because of the occurrence of any Event of
Default, or otherwise, Beneficiary may exercise any rights of offset with respect to any tax, insurance or other escrow amounts, deposits or any other amounts held by or for Beneficiary, and may apply such funds or amounts to any portion of the
indebtedness then due and owing by Grantor to Beneficiary in such order and to such portions of the accrued, unpaid indebtedness as Beneficiary may, in its sole discretion, elect. 
 9. Tenancy at Will. In the event of a trustee’s sale hereunder and if at the time of such sale Grantor or any other party occupies the portion of the Mortgaged Property so sold or any part
thereof, such occupant shall immediately become the tenant of the purchaser at such sale, which tenancy shall be a tenancy from day to day, terminable at the will of either tenant or landlord, at a reasonable rental per day based upon the value of
the portion of the Mortgaged Property so 

  
 B-3

 
occupied, such rental to be due and payable daily to the purchaser. An action of forcible detainer shall lie if the tenant holds over after a demand in writing for possession of such Mortgaged
Property. It is understood and agreed that the provisions of this Section are solely for the benefit of Beneficiary and there shall be no third party beneficiaries with respect to any provisions of this Section. 

10. Limitation on Interest. Notwithstanding anything in conflict or to the contrary contained in this Deed of Trust or any of the other Loan
Documents, all agreements between Grantor and Beneficiary, whether nor existing or hereafter arising and whether written or oral, are hereby limited so that in no contingency, whether by reason of demand for payment of or acceleration of the
maturity of any of the indebtedness or otherwise, shall the interest contracted for, charged or received by Beneficiary exceed the maximum amount permissible under applicable law. If, from any circumstance whatsoever, interest would otherwise be
payable to Beneficiary in excess of the maximum lawful amount, the interest payable to Beneficiary shall automatically be reduced to the maximum amount permitted under applicable law; and if from any circumstance Beneficiary shall ever receive
anything of value deemed interest by applicable law in excess of the maximum lawful amount, an amount equal to any excessive interest shall be applied to the reduction of the principal balance of the indebtedness and not to the payment of interest
or, if such excessive interest exceeds the unpaid balance of principal of the indebtedness, such excess shall be refunded to Grantor. All interest paid or agreed to be paid to Beneficiary shall, to the extent permitted by applicable law, be
amortized, prorated, allocated, and spread throughout the full period until payment in full of the principal of the indebtedness (including the period of any renewal or extension thereof) so that the interest thereon for such full period shall not
exceed the maximum amount permitted by applicable law. This paragraph shall control all agreements between Grantor and Beneficiary. 
 11.
Fixture Filing. Some of the items of the Mortgaged Property described herein are goods that are or are to become fixtures related to the land and/or the improvements, and it is intended that, as to those goods, this Deed of Trust shall be
effective as a financing statement filed as a fixture filing under the Texas Uniform Commercial Code from the date of its filing for record in the real estate records of the county in which the Mortgaged Property is situated. Information concerning
the security interest created by this instrument may be obtained from Beneficiary, as secured party, at the address of Beneficiary stated above. The mailing address of the Grantor, as debtor, is as stated above. 

12. No Warranties. Grantor acknowledges and agrees that (i) Beneficiary has disclaimed and by its acceptance of this Deed of Trust does
disclaim, all warranties, express or implied, or which would otherwise be deemed to have been given under the Texas Uniform Commercial Code, in connection with any foreclosure, sale or transfer of any portion of the Mortgaged Property pursuant to or
in lieu of any exercise of rights or remedies under this Deed of Trust, including without limitation, any deed-in-lieu of foreclosure, and (ii) the disclaimer of warranties described in (i) above shall not cause any such foreclosure, sale
or transfer to be commercially unreasonable, and Grantor covenants not to allege same. 
 13. Waiver of Certain Notices. Grantor hereby
waives (i) notice of intent to accelerate the maturity date of the notes guaranteed by the Guaranty upon the occurrence of an Event of Default, and (ii) notice of acceleration of the maturity date of the notes guaranteed by the Guaranty
upon occurrence of an Event of Default. 

  
 B-4

 14. Waiver of Texas Deficiency Statute. 

(a) Waiver. In the event an interest in any of the Mortgaged Property is foreclosed upon pursuant to a judicial or nonjudicial
foreclosure sale, Grantor agrees as follows: notwithstanding the provisions of Sections 51.003, 51.004 and 51.005 of the Texas Property Code (as the same may be amended from time to time), and to the extent permitted by law, Grantor agrees that
Beneficiary shall be entitled to seek a deficiency judgment from Grantor and any other party obligated on the notes guaranteed by the Guaranty, equal to the difference between the amount owing on the notes guaranteed by the Guaranty and the amount
for which the Mortgaged Property was sold pursuant to judicial or nonjudicial foreclosure sale, subject to the provisions of Paragraph 1 of the Guaranty. Grantor expressly recognizes that this section constitutes a waiver of the above-cited
provisions of the Texas Property Code which would otherwise permit Grantor and other persons against whom recovery of deficiencies is sought or a guarantor independently (even absent the initiation of deficiency proceedings against them) to present
competent evidence of the fair market value of the Mortgaged Property as of the date of the foreclosure sale and offset against any deficiency the amount by which the foreclosure sale price is determined to be less than such fair market value.
Grantor further recognizes and agrees that this waiver creates an irrebuttable presumption that the foreclosure sale price is equal to the fair market value of the Mortgaged Property for purposes of calculating deficiencies owed by Grantor, any
guarantor, and others against whom recovery of a deficiency is sought. 
 (b) Alternative to Waiver. Alternatively, in
the event the waiver provided for in subsection (a) above is determined by a court of competent jurisdiction to be unenforceable, the following shall be the basis for the finder of fact’s determination of the fair market value of
the Mortgaged Property as of the date of the foreclosure sale in proceedings governed by Sections 51.003, 51.004 and 51.005 of the Texas Property Code (as amended from time to time): (i) the Mortgaged Property shall be valued in an
“as is” condition as of the date of the foreclosure sale, without any assumption or expectation that the Mortgaged Property will be repaired or improved in any manner before a resale of the Mortgaged Property after foreclosure;
(ii) the valuation shall be based upon an assumption that the foreclosure purchaser desires a resale of the Mortgaged Property for cash promptly (but no later than twelve [12] months) following the foreclosure sale; (iii) all reasonable
closing costs customarily borne by the seller in commercial real estate transactions should be deducted from the gross fair market value of the Mortgaged Property, including, without limitation, brokerage commissions, title insurance, a survey of
the Mortgaged Property, tax prorations, attorneys’ fees, and marketing costs; (iv) the gross fair market value of the Mortgaged Property shall be further discounted to account for any estimated holding costs associated with maintaining the
Mortgaged Property pending sale, including, without limitation, utilities expenses, property management fees, taxes and assessments (to the extent not accounted for in (iii) above), and other maintenance, operational and ownership expenses; and
(v) any expert opinion testimony given or considered in connection with a determination of the fair market value of the Mortgaged Property must be given by persons having at least five (5) years experience in appraising property similar to
the Mortgaged Property and who have conducted and prepared a complete written appraisal of the Mortgaged Property taking into consideration the factors set forth above. 

  
 B-5

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