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TABLE OF CONTENTS


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ARTICLE I

REPRESENTATIONS AND WARRANTIES OF BORROWER			5

Section 1.1	Organization; Special Purpose		5
Section 1.2	Title		5
Section 1.3	No Bankruptcy Filing		6
Section 1.4	Full and Accurate Disclosure		6
Section 1.5	Proceedings; Enforceability		6
Section 1.6	No Conflicts		6
Section 1.7	Federal Reserve Regulations; Investment Company Act		7
Section 1.8	Taxes		7
Section 1.9	ERISA		7
Section 1.10	Property Compliance		8
Section 1.11	Utilities		8
Section 1.12	Public Access		8
Section 1.13	Litigation; Agreements		8
Section 1.14	Physical Condition		9
Section 1.15	Contracts		9
Section 1.16	Leases		9
Section 1.17	Foreign Person		10
Section 1.18	Management Agreement		10
Section 1.19	Fraudulent Transfer		10
Section 1.20	Backward Representations		10

ARTICLE II

COVENANTS OF BORROWER			13

Section 2.1	Defense of Title		13
Section 2.2	Performance of Obligations		13
Section 2.3	Insurance		14
Section 2.4	Payment of Taxes		18
Section 2.5	Casualty and Condemnation		18
Section 2.6	Construction Liens		21
Section 2.7	Rents and Profits		21
Section 2.8	Leases		22
Section 2.9	Alienation and Further Encumbrances		25
Section 2.10	Payment of Utilities, Assessments, Charges, Etc.		30
Section 2.11	Access Privileges and Inspections		31
Section 2.12	Waste; Alteration of Improvements		31


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Section 2.13	Zoning		31
Section 2.14	Financial Statements and Books and Records		32
Section 2.15	Further Assurances		33
Section 2.16	Payment of Costs; Reimbursement to Lender		34
Section 2.17	Security Interest		35
Section 2.18	Security Agreement		36
Section 2.19	Easements and Rights-of-Way		37
Section 2.20	Compliance with Laws		37
Section 2.21	Additional Taxes		38
Section 2.22	Secured Indebtedness		38
Section 2.23	Borrowers Waivers		38
Section 2.24	SUBMISSION TO JURISDICTION; WAIVER OF JURY TRIAL		39
Section 2.25	Attorney-in-Fact Provisions		40
Section 2.26	Management		40
Section 2.27	Hazardous Waste and Other Substances		41
Section 2.28	Indemnification; Subrogation		45
Section 2.29	Covenants with Respect to Existence, Indebtedness, Operations, Fundamental Changes of Borrower		46
Section 2.30	Embargoed Person		50
Section 2.31	Anti-Money Laundering		51
Section 2.32	ERISA		51
Section 2.33	Opinion Assumptions		52

ARTICLE III

RESERVES AND CASH MANAGEMENT			52

Section 3.1	Reserves Generally		52
Section 3.2	Payment Reserve		53
Section 3.3	Impound Account		54
Section 3.4	Immediate Repair Reserve		55
Section 3.5	Replacement Reserve		56

ARTICLE IV
EVENTS OF DEFAULT			57

Section 4.1	Events of Default		57

ARTICLE V

REMEDIES			59

Section 5.1	Remedies Available		59
Section 5.2	Application of Proceeds		60


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Section 5.3	Right and Authority of Receiver or Lender in the Event of Default; Power of Attorney		61
Section 5.4	Occupancy After Foreclosure		62
Section 5.5	Notice to Account Debtors		62
Section 5.6	Cumulative Remedies		63
Section 5.7	Payment of Expenses		63

ARTICLE VI

MISCELLANEOUS TERMS AND CONDITIONS			63

Section 6.1	Time of Essence		63
Section 6.2	Release of Mortgage		63
Section 6.3	Certain Rights of Lender		63
Section 6.4	Waiver of Certain Defenses		63
Section 6.5	Notices		64
Section 6.6	Successors and Assigns; Joint and Several Liability		64
Section 6.7	Severability

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