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39 <br />conveyance of a portion of the facilities that are to be so constructed and improved <br />(the "Pledged Facilities," as more particularly defined below), the real property <br />associated with the Pledged Facilities and the other "Mortgaged Property," as <br />defined below. The County will construct the Pledged Facilities on the real <br />property described in Exhibit A. The County is the record owner of that real <br />property. <br />This Deed of Trust is given to secure current advances under the Financing <br />Contract of [$50,057,000], as well as potential future advances in. the total <br />maximum principal amount of $75,000,000. The time during which such future <br />advances may be made is 15 years from June 1, 2007. The current scheduled date <br />for final repayment is on or about June 30, 2026. <br />NOW, THEREFORE, <br />(1) in consideration of the execution and delivery of the Financing <br />Contract and other good and valuable consideration, the receipt and sufficiency of <br />which are acknowledged, <br />(2) to secure the County's performance of all its covenants under this <br />Deed of Trust and under the Financing Contract, including the repayment of <br />amounts advanced pursuant to the Financing Contract, and <br />(3) to charge the Mortgaged Property, as defined below, with such <br />payment and performance, <br />the County sells, grants and conveys to the Deed of Trust Trustee, successors <br />and assigns forever, in trust, with power of sale, the following (collectively, the <br />"Mortgaged Property"): <br />(a) the property described in Exhibit A, and all real property hereafter <br />acquired by the County in replacement of, or in substitution for, all or any part of <br />such premises, together with all easements, rights, rights-of--way and . <br />appurtenances belonging to any such property (the. "Pledged Sites"); and <br />(b) the improvements described in Exhibit B and all other improvements <br />and fixtures now or hereafter attached to or used. in or on those improvements or <br />the Pledged Sites, including (i) all renewals and replacements thereof and all <br />additions thereto, (ii) all articles in substitution thereof, and (iii) all building <br />materials for construction or repair of, such improvements upon their delivery to <br />the Pledged Sites (collectively, the "Pledged Facilities"); <br />97561v1 39 <br />