Document:

<PAGE>

                            AMENDED AND RESTATED NOTE

$15,000,000.00                                           Raleigh, North Carolina
                                                         as of December 19, 2001

         For value received, the undersigned, WINSTON HOTELS, INC., a North
Carolina corporation (the "Company"), and WINN LIMITED PARTNERSHIP, a North
Carolina limited partnership (the "Partnership") (the Company and the
Partnership shall hereinafter be referred to, jointly and severally, as the
"Borrower"), jointly and severally promise to pay to the order of RBC CENTURA
BANK, a North Carolina corporation (the "Bank"), for the account of its Lending
Office, the principal sum of FIFTEEN MILLION AND NO/100 DOLLARS
($15,000,000.00), or such lesser amount as shall equal the unpaid principal
amount of each Loan made by the Bank to the Borrower pursuant to the Credit
Agreement referred to below, on the dates and in the amounts provided in the
Credit Agreement. The Borrower promises to pay interest on the unpaid principal
amount of this Note on the dates and at the rate or rates provided for in the
Credit Agreement. Interest on any overdue principal and, to the extent permitted
by law, overdue interest on the principal amount hereof shall bear interest at
the Default Rate, as provided for in the Credit Agreement. All such payments of
principal and interest shall be made in lawful money of the United States in
Federal or other immediately available funds at the office of Wachovia Bank,
N.A., 191 Peachtree Street, N.E., Atlanta, Georgia 30303, or such other address
as may be specified from time to time pursuant to the Credit Agreement.

         All Loans made by the Bank, the respective maturities thereof, the
interest rates from time to time applicable thereto and all repayments of the
principal thereof shall be recorded by the Bank and, prior to any transfer
hereof, endorsed by the Bank on the schedule attached hereto, or on a
continuation of such schedule attached to and made a part hereof; provided that
the failure of the Bank to make, or any error of the Bank in making, any such
recordation or endorsement shall not affect the obligations of the Borrower
hereunder or under the Credit Agreement.

         This note is one of the Bank Notes referred to in the Second Amended
and Restated Syndicated Credit Agreement dated as of December 19, 2001, among
the Borrower, the banks listed on the signature pages thereof and their
successors and assigns, and Wachovia Bank, N.A., as Agent (as the same may be
amended or modified from time to time, the "Credit Agreement"). Terms defined in
the Credit Agreement are used herein with the same meanings. Reference is made
to the Credit Agreement for provisions for the prepayment and the repayment
hereof and the acceleration of the maturity hereof. This Note amends and
restates in its entirety that certain note dated January 15, 1999, executed by
the Borrower and payable to the Bank.

         Time is of the essence of this Note. In the event all or any part of
any installment due under the terms of this Note is delinquent for more than
fifteen (15) days (excluding the final payment of principal and interest due on
the Maturity Date), there shall be due to the Bank, in addition to the
delinquent installment or part thereof and in order to compensate the Bank for
extra costs and expenses caused by such late payment, a sum equal to four
percent (4%) of the amount so delinquent.

                                       1

<PAGE>

         THIS NOTE MAY NOT BE CHANGED ORALLY AND SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NORTH CAROLINA.

         The Borrower hereby waives presentment, demand, protest, notice of
demand, protest and nonpayment and any other notice required by law relative
hereto, except to the extent as otherwise may be expressly provided for in the
Credit Agreement.

         The Borrower agrees, in the event that this Note or any portion hereof
is collected by law or through an attorney at law, to pay all reasonable costs
of collection, including, without limitation, reasonable attorneys' fees.

         IN WITNESS WHEREOF, the Borrower has caused this Note to be duly
executed under seal, by its duly authorized officers as of the day and year
first above written.

                                    BORROWER:

                                    WINSTON HOTELS, INC., a North Carolina
                                    corporation

                                    By: /s/ Brent V. West
                                       -------------------------------------
                                        Vice President

ATTEST:

/s/ Brenda G. Burns
------------------------------
Assistant Secretary

[CORPORATE SEAL]

                                       2

<PAGE>

                             WINN LIMITED PARTNERSHIP, a North Carolina
                             limited partnership (SEAL)

                             By:  WINSTON HOTELS, INC., its sole general partner

                                  By: /s/ Brent V. West
                                     -------------------------------------------
                                     Vice President

ATTEST:

/s/ Brenda G. Burns
------------------------------
Assistant Secretary

[CORPORATE SEAL]

                                       3

<PAGE>

                                           Note
                             LOANS AND PAYMENTS OF PRINCIPAL
         -----------------------------------------------------------------------

<TABLE>
<CAPTION>
         Type        Interest Rate      Amount        Amount        Amount of
         of          of                 Principal     Principal     Maturity      Notation
Date     Loan(1)     Loan               Borrowed      Repaid        Date          Made By
----     -------     -------------      ---------     ---------     ---------     --------
<S>      <C>         <C>                <C>           <C>           <C>           <C>

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</TABLE>

--------
(1)   I.e., a Base Rate or Euro-Dollar Loan.<PAGE>

Prepared by and Return to:                           North Carolina
William C. Matthews, Jr.                             --------------
Womble Carlyle Sandridge  & Rice, PLLC               Wake County
Post Office Box 831                                  Moore County
Raleigh, North Carolina 27602                        Onslow County
                                                     Watauga County
                                                     New Hanover County
                                                     Durham County
                                                     Forsyth County

STATE OF NORTH CAROLINA    )     EXTENSION AGREEMENT; SECOND
                                 MODIFICATION AGREEMENT
VARIOUS COUNTIES           )

         THIS EXTENSION AGREEMENT; SECOND MODIFICATION AGREEMENT (this
"Amendment"), made as of the 19th day of December, 2001, by and among WACHOVIA
BANK, N.A., a national banking association, as Agent (the "Agent") on behalf of
the banks (the "Banks") referred to in the Restated Credit Agreement
(hereinafter defined), whose address is 191 Peachtree Street, N.E., Real Estate
Finance Group, Atlanta, Georgia, 30303, Attention: Syndicated Services, WINN
LIMITED PARTNERSHIP, a North Carolina limited partnership, whose address is c/o
Winston Hotels, Inc., 2626 Glenwood Avenue, Suite 200, Raleigh, North Carolina
27608 (referred to hereinafter as the "Partnership" or the "Grantor"), WINSTON
HOTELS, INC., a North Carolina corporation (the "Corporation"), having the same
address as the Partnership, and NEW SALEM, INC., a North Carolina corporation,
Trustee (hereinafter called "Trustee").

                                    RECITALS:

         1.       The Agent, the Banks, the Partnership and the Corporation
entered into that certain Syndicated Credit Agreement, dated as of January 15,
1999 (the "Original Credit Agreement") providing for a credit facility of up to
ONE HUNDRED FORTY MILLION DOLLARS ($140,000,000.00).

                  In connection with the Original Credit Agreement, the
Partnership and the Corporation executed those certain promissory notes in favor
of the Banks, each dated as of January 15, 1999, subject to the terms and
provisions of the Original Credit Agreement and any modification, extensions or
replacements thereof (such documents, as the same may have been heretofore
amended, being herein collectively referred to as the "Original Notes"),
evidencing an aggregate original principal indebtedness of up to ONE HUNDRED
FORTY MILLION AND NO/100 DOLLARS ($140,000,000.00). To secure the Original
Notes, the Grantor and the Corporation executed and delivered (i) those certain
Deeds of Trust, each dated of even date with the Original Notes, and recorded in
certain North Carolina counties as more particularly set forth on Exhibit A
attached hereto and incorporated herein by reference, and such Deeds of Trust
are made a part hereof by this reference as fully as if set out herein verbatim
(such documents, as same may have been heretofore amended, being herein referred
to as the "Deeds of Trust"), (ii)

<PAGE>

those certain Assignments of Leases, Rents and Profits, each dated of even date
with the Original Notes, and recorded in certain North Carolina counties as more
particularly set forth on Exhibit B attached hereto and incorporated herein by
reference, and such Assignments of Rents are made a part hereof by this
reference as fully as if set out herein verbatim (such documents, as the same
may have been heretofore amended, being herein referred to as the "Assignments
of Rents"), and (iii) various other loan documents executed by the Grantor and
the Corporation with respect to the properties encumbered by the Deeds of Trust
(collectively, the "Other Loan Documents").

         2.       The Agent, the Banks, the Partnership and the Corporation have
previously entered into that certain Amended and Restated Syndicated Credit
Agreement, dated as of April 1, 2000 (the "Restated Credit Agreement"), pursuant
to which certain modifications were made to the Original Credit Agreement.

                  In connection with the Restated Credit Agreement, the
Partnership, the Corporation, the Agent and the Trustee executed that certain
Amendment to Deeds of Trust, to Assignments of Rents and to Other Loan
Documents, dated as of April 1, 2000, and recorded in the County Registries in
the Books and Pages described in Exhibit C attached hereto and incorporated
herein by reference (the "First Amendment").

         3.       Simultaneously herewith at the request of the Grantor and the
Corporation, the Banks and the Agent are amending and restating the Restated
Credit Agreement by that certain Second Amended and Restated Syndicated Credit
Agreement, dated as of December 19, 2001, executed by the Partnership, the
Corporation, the banks being parties thereto, and the Agent (such Second Amended
and Restated Syndicated Credit Agreement, together with any amendments,
modifications, renewals, replacements and extensions thereof, is hereinafter
referred to as the "Credit Agreement"). The Credit Agreement, as amended and
restated, (i) extends the maturity date of the credit facility evidenced by the
Original Notes for three additional years from the date hereof; (ii) decreases
the amount available under the credit facility to $125,000,000.00; and (iii)
makes certain other modifications described therein.

         4.       In connection with the execution of the Credit Agreement, the
Partnership and the Corporation have executed those certain amended and restated
promissory notes, each made a part hereof by this reference as fully as if set
out herein verbatim (such documents, as the same may have been heretofore
amended, being herein collectively referred to as the "Notes") evidencing an
aggregate original principal indebtedness of up to ONE HUNDRED TWENTY-FIVE
MILLION AND NO/100 DOLLARS ($125,000,000.00), the amount of the reduced amended
and restated credit facility.

         5.       The Agent, as beneficiary under the Deeds of Trust and as
assignee under the Assignments of Rents, and the Other Loan Documents, the
Grantor and the Corporation mutually desire to modify and amend the provisions
of the Deeds of Trust, Assignments of Rents and the Other Loan Documents in the
manner hereinafter set out, it being specifically understood that except as
herein modified and amended, the terms and provisions of the Deeds of Trust, the

                                       2

<PAGE>

Assignments of Rents and the Other Loan Documents shall remain unchanged and
continue in full force and effect as therein written.

                                   AGREEMENT:

         NOW, THEREFORE, the Agent, the Trustee, the Grantor and the
Corporation, in consideration of the premises and the sum of One Dollar ($1.00)
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged by each, do hereby acknowledge that the Grantor has
given, granted, bargained, sold and conveyed, and by these presents does hereby
give, grant, bargain, sell and convey unto the Trustee, and the Trustee's heirs,
successors and assigns, the property encumbered by the Deeds of Trust (the
"Premises," as such term is defined in the Deeds of Trust).

         TO HAVE AND TO HOLD the Premises unto the Trustee and the Trustee's
heirs, successors and assigns, in fee simple forever, upon the trusts and for
the uses and purposes set forth in the Deeds of Trust, as hereby modified and
amended.

         Each of the Agent, the Trustee, the Grantor and the Corporation does
hereby agree that the Deeds of Trust, the Assignments of Rents and the Other
Loan Documents should be and the same hereby are modified and amended as
follows:

         1.       References to Credit Agreement and Notes in the Loan
                  Documents. (a) Each reference to the "Credit Agreement" or any
                  similar term in each Deed of Trust, each Assignment of Rents
                  and each of the Other Loan Documents shall be deemed to be,
                  and is hereby amended to be, a reference to that certain
                  Second Amended and Restated Syndicated Credit Agreement, dated
                  as of December 19, 2001, by and among Winston Hotels, Inc.,
                  WINN Limited Partnership, Wachovia Bank, N.A., as agent and
                  the banks referred to therein and being parties thereto, and
                  any and all amendments, modifications, renewals, replacements
                  and extensions thereof.

                  (b) Each reference to the "Notes" or any similar term in each
                  Deed of Trust, each Assignment of Rents and each of the Other
                  Loan Documents shall be deemed to be, and hereby is amended to
                  be, a reference to the Amended and Restated Promissory Notes,
                  dated as of December 19, 2001, executed by Winston Hotels,
                  Inc. and WINN Limited Partnership in favor of any one or more
                  of the Banks and any and all amendments, modifications,
                  renewals, replacements and extensions thereof.

         2.       Amendments to Deeds of Trust Sections regarding Obligations
                  Secured.

                  (a) The following paragraph inserted by the First Amendment is
                  deleted from the Deeds of Trust:

                                       3

<PAGE>

                  This Deed of Trust is given to secure all present and future
                  obligations of Borrower to the Banks and to the Beneficiary
                  which may be incurred from time to time pursuant to the terms
                  of the Credit Agreement, including but not limited to the
                  obligations evidenced by the Notes, and also to secure any
                  future obligations of the Borrower to the Banks and the
                  Beneficiary under any Master Agreement and also to secure any
                  present or future obligations of the Borrower for Facility
                  Letters of Credit under the Letter of Credit Documents and the
                  Credit Agreement. As provided in the Credit Agreement, the
                  Borrower may pay such future obligations and then reborrow
                  from time to time under the line of credit thereby established
                  up to the Facility Limit (as hereinabove defined), in
                  accordance with the provisions of the Credit Agreement. The
                  period in which future obligations may be incurred and secured
                  by this Deed of Trust is the period between the date hereof
                  and that date which is the earlier of (i) the stated maturity
                  date of the Notes, subject to extensions from time to time as
                  provided in the Credit Agreement, or (ii) fifteen (15) years
                  from the date hereof. The amount of present obligations
                  secured by this Deed of Trust is One Hundred Three Million
                  Eight Hundred Thousand and No/100 Dollars ($103,800,000.00),
                  and the maximum principal amount, including present and future
                  obligations, which may be secured by this Deed of Trust at any
                  one time is the sum of (a) One Hundred Forty Million and
                  No/100 Dollars ($140,000,000.00) plus (b) the obligations of
                  the Borrower under any Master Agreement, the amount of which
                  cannot be determined at the present time but which, for
                  purposes of this Deed of Trust, shall not exceed Two Hundred
                  Eighty Million and No/100 Dollars ($280,000,000.00). Any
                  additional amounts advanced by the Banks or the Beneficiary
                  pursuant to the provisions of this Deed of Trust shall be
                  deemed necessary expenditures for the protection of the
                  security. Neither Borrower nor Grantor need sign any
                  instrument or notation evidencing or stipulating that future
                  advances are secured by this Deed of Trust.

                  (b) In lieu thereof, the following paragraph is substituted:

                  This Deed of Trust is given to secure all present and future
                  obligations of Borrower to the Banks and to the Beneficiary
                  which may be incurred from time to time pursuant to the terms
                  of the Credit Agreement, including but not limited to the
                  obligations evidenced by the Notes, and also to secure any
                  future obligations of the Borrower to the Banks and the
                  Beneficiary under any Master Agreement and also to secure any
                  present or future obligations of the Borrower for Facility
                  Letters of Credit under the Letter of Credit Documents and the
                  Credit Agreement. As provided in the Credit Agreement, the
                  Borrower may pay such future obligations and then reborrow
                  from time to time under the line of credit thereby established
                  up to the Facility Limit (as hereinabove defined), in
                  accordance with the provisions of the Credit Agreement. The
                  period in which future obligations may be incurred and secured
                  by this Deed of Trust is the period between the date hereof
                  and that date which is the earlier of (i) the stated maturity
                  date of the Notes, subject to extensions from time to time as
                  provided in the Credit Agreement, or

                                       4

<PAGE>

                  (ii) fifteen (15) years from the date hereof. The amount of
                  present obligations secured by this Deed of Trust as of
                  December 27, 2001, is One Hundred One Million Seven Hundred
                  Thousand and No/100 Dollars ($101,700,000.00), and the maximum
                  principal amount, including present and future obligations,
                  which may be secured by this Deed of Trust at any one time is
                  the sum of (a) One Hundred Twenty-Five Million and No/100
                  Dollars ($125,000,000.00) plus (b) the obligations of the
                  Borrower under any Master Agreement, the amount of which
                  cannot be determined at the present time but which, for
                  purposes of this Deed of Trust, shall not exceed Two Hundred
                  Fifty Million and No/100 Dollars ($250,000,000.00). Any
                  additional amounts advanced by the Banks or the Beneficiary
                  pursuant to the provisions of this Deed of Trust shall be
                  deemed necessary expenditures for the protection of the
                  security. Neither Borrower nor Grantor need sign any
                  instrument or notation evidencing or stipulating that future
                  advances are secured by this Deed of Trust.

         3.       Miscellaneous. IT IS MUTUALLY AGREED by and between the
parties hereto that this Amendment shall become a part of the Deeds of Trust,
the Assignments of Rents and the Other Loan Documents by reference and that
nothing herein contained shall impair the security now held for said
indebtedness, nor shall waive, annul, vary or affect any provision, condition,
covenant or agreement contained in the Credit Agreement, the Deeds of Trust, the
Assignments of Rents and the Other Loan Documents, except as herein amended, nor
affect or impair any rights, powers or remedies under the Credit Agreement, the
Notes, Deeds of Trust, the Assignments of Rents and the Other Loan Documents as
hereby amended.

         The execution and delivery hereof shall not constitute a novation or
modification of the lien, encumbrance or security title of the Deeds of Trust,
which Deeds of Trust shall retain their priority as originally filed for record.
Grantor and Corporation expressly agree that the Notes are in full force and
effect and that Grantor and Corporation have no right to setoff, counterclaim or
defense to the payment thereof.

         Any reference to the Deeds of Trust, the Assignments of Rents or the
Other Loan Documents contained in any of the documents executed in connection
with the Notes, the Credit Agreement or the Deeds of Trust shall hereinafter be
deemed to be a reference to such documents amended hereby. In amplification
thereof, the Deeds of Trust and the Assignments of Rents, as amended hereby,
shall secure the Notes, the Credit Agreement, and the Letter of Credit
Documents, and any further modifications, renewals or extensions thereof or
replacements thereof.

         The Trustee joins in the execution of this Amendment as evidence of its
knowledge of the provisions hereof and its consent to the modifications herein
made.

         This Amendment shall be binding upon and inure to the benefit of any
assignee or the respective heirs, executors, administrators, successors and
assigns of the parties hereto.

                                       5

<PAGE>

         This Amendment may be executed in any number of counterparts, each of
which shall be an original but all of which taken together shall constitute one
and the same instrument, and any of the parties hereto may execute any of such
counterparts.

         This Amendment shall be governed by and construed in accordance with
the laws of the State of North Carolina without regard to principles of conflict
of laws.

                  IN WITNESS WHEREOF, this instrument has been executed by the
parties hereto and delivered on the date and year first above written.

                                 WINSTON HOTELS, INC., a North Carolina
                                 corporation

                                 By: /s/ Brent V. West
                                    ------------------------------------------
                                          Vice President

                                 WINN LIMITED PARTNERSHIP, a North Carolina
                                 limited partnership

                                 By:  WINSTON HOTELS, INC., a North Carolina
                                      corporation, its general partner

                                      By: /s/ Brent V. West
                                         -------------------------------------
                                          Vice President

                                       6

<PAGE>

                                 WACHOVIA BANK, N.A., as Agent

                                 By: /s/ James W. Sapp
                                    ------------------------------------------
                                 Title: Senior Vice President

                                 NEW SALEM, INC.

                                 By: /s/ James W. Sapp
                                    ------------------------------------------
                                 Title: Vice President

                                       7

<PAGE>

NORTH CAROLINA

WAKE COUNTY

         I, Brenda G. Burns, a Notary Public, certify that Brent West
personally came before me this day and acknowledged that he is Vice President of
Winston Hotels, Inc., a North Carolina corporation (the "Corporation"), and that
he, as Vice President, being authorized to do so, executed the foregoing on
behalf of the Corporation and on behalf of WINN Limited Partnership, a North
Carolina limited partnership in which the Corporation is a general partner.

         Witness my hand and official seal, this the 19th day of December, 2001.

                                            /s/ Brenda G. Burns
                                            --------------------------------
                                            (Signature of notary public)

(Notary Seal)
My commission expires:  April 8, 2002
                      -------------------------------

NORTH CAROLINA

WAKE COUNTY

         I, Brenda G. Burns, a Notary Public, certify that Brent West
personally came before me this day and acknowledged that he is Vice President of
Winston Hotels, Inc., a North Carolina corporation, and that he, as Vice
President, being authorized to do so, executed the foregoing on behalf of the
corporation.

         Witness my hand and official seal, this the 19th day of December, 2001.

                                            /s/ Brenda G. Burns
                                            --------------------------------
                                            (Signature of notary public)

(Notary Seal)
My commission expires:  April 8, 2002
                      ----------------------

                                       8

<PAGE>

NORTH CAROLINA

WAKE COUNTY

         I, Joy Parks, a Notary Public, certify that James W. Sapp personally
came before me this day and acknowledged that he/she is Senior Vice President of
Wachovia Bank, N.A., and that he/she, as Senior Vice President, being authorized
to do so, executed the foregoing on behalf of Wachovia Bank, N.A.

         Witness my hand and official seal, this the 26th day of December, 2001.

                                            /s/ Joy Parks
                                            --------------------------------
                                            (Signature of notary public)

(Notary Seal)
My commission expires:  November 19, 2006
                      ------------------------------

NORTH CAROLINA

WAKE COUNTY

         I, Joy Parks, a Notary Public, certify that James W. Sapp personally
came before me this day and acknowledged that he/she is Vice President of New
Salem, Inc., a North Carolina corporation, and that he/she, as Vice President,
being authorized to do so, executed the foregoing on behalf of the corporation.

         Witness my hand and official seal, this the 26th day of December, 2001.

                                            /s/ Joy Parks
                                            --------------------------------
                                            (Signature of notary public)

(Notary Seal)
My commission expires:   November 19, 2006
                       ------------------------

                                       9

<PAGE>

                                    EXHIBIT A

                                 Deeds of Trust

1.       That certain Deed of Trust, Assignment of Rents, Security Agreement and
         Financing Statement recorded in Book 8235, Page 1465, Wake County
         Registry.

2.       That certain Deed of Trust, Assignment of Rents, Security Agreement and
         Financing Statement recorded in Book 1466, Page 279, Moore County
         Registry.

3.       That certain Deed of Trust, Assignment of Rents, Security Agreement and
         Financing Statement recorded in Book 1517, Page 739, Onslow County
         Registry.

4.       That certain Deed of Trust, Assignment of Rents, Security Agreement and
         Financing Statement recorded in Book 494, Page 117, Watauga County
         Registry.

5.       That certain Deed of Trust, Assignment of Rents, Security Agreement and
         Financing Statement recorded in Book 2506, Page 573, New Hanover County
         Registry.

6.       That certain Deed of Trust, Assignment of Rents, Security Agreement and
         Financing Statement recorded in Book 2589, Page 392, Durham County
         Registry.

7.       That certain Deed of Trust, Assignment of Rents, Security Agreement and
         Financing Statement recorded in Book 2047, Page 1322, Forsyth County
         Registry.

<PAGE>

                                    EXHIBIT B

                              Assignments Of Leases

1.       That certain Assignment of Leases, Rents and Profits recorded in Book
         8235, Page 1501, Wake County Registry.

2.       That certain Assignment of Leases, Rents and Profits recorded in Book
         1466, Page 315, Moore County Registry.

3.       That certain Assignment of Leases, Rents and Profits recorded in Book
         1517, Page 775, Onslow County Registry.

4.       That certain Assignment of Leases, Rents and Profits recorded in Book
         494, Page 153, Watauga County Registry.

5.       That certain Assignment of Leases, Rents and Profits recorded in Book
         2506, Page 609, New Hannover County Registry.

6.       That certain Assignment of Leases, Rents and Profits recorded in Book
         2589, Page 428, Durham County Registry.

7.       That certain Assignment of Leases, Rents and Profits recorded in Book
         2047, Page 1358, Forsyth County Registry.

<PAGE>

                                    EXHIBIT C

               Amendments to Deeds of Trust, Assignments of Rent,
                           and to Other Loan Documents

1.       That certain Amendment to Deeds of Trust, Assignment of Rents and to
         Other Loan Documents recorded in Book 8587, Page 312, Wake County
         Registry.

2.       That certain Amendment to Deeds of Trust, Assignment of Rents and to
         Other Loan Documents recorded in Book 1622, Page 272, Moore County
         Registry.

3.       That certain Amendment to Deeds of Trust, Assignment of Rents and to
         Other Loan Documents recorded in Book 1627, Page 716, Onslow County
         Registry.

4.       That certain Amendment to Deeds of Trust, Assignment of Rents and to
         Other Loan Documents recorded in Book 568, Page 476, Watauga County
         Registry.

5.       That certain Amendment to Deeds of Trust, Assignment of Rents and to
         Other Loan Documents recorded in Book 2749, Page 122, New Hanover
         County Registry.

6.       That certain Amendment to Deeds of Trust, Assignment of Rents and to
         Other Loan Documents recorded in Book 2917, Page 604, Durham County
         Registry.

7.       That certain Amendment to Deeds of Trust, Assignment of Rents and to
         Other Loan Documents recorded in Book 2117, Page 550, Forsyth County
         Registry.

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