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the County sells, grants and conveys to the Deed of Trust Trustee, his successors and <br /> assigns forever, in trust, with power of sale, the following (collectively, the <br /> "Mortgaged Property"): <br /> (a) the property described in Exhibit B and any real property later <br /> acquired by the County in exchange for, or in consideration of the exchange of, or <br /> with the proceeds from any disposition of, all or any part of any property described <br /> in this paragraph, and in all cases together with all easements, rights, rights-of-way <br /> and appurtenances belonging to any of that property (collectively, the "Pledged <br /> Sites"); and <br /> (b) all buildings and other improvements and fixtures (including any <br /> "Fixtures," as defined in Section 1-4) now or later attached to or used in or on those <br /> improvements or the Pledged Sites, including (i) all renewals, replacements, and <br /> additions, (ii) all articles in substitution, (iii) all building materials for construction, <br /> improvement, modification or repair of improvements upon their delivery to the <br /> Pledged Sites, and (iv) all proceeds of all the foregoing in whatever form resulting from <br /> the loss or disposition of the foregoing, including all proceeds of and unearned <br /> premiums for any insurance policies covering the Pledged Sites and the <br /> improvements, proceeds of title insurance and payments related to the exercise of <br /> condemnation or eminent domain authority, and all judgments or settlements in lieu <br /> of any of the foregoing (collectively,the "Pledged Facilities"); <br /> TO HAVE AND TO HOLD the Mortgaged Property with all privileges and <br /> appurtenances belonging thereto, to the Deed of Trust Trustee, his successors and <br /> assigns forever, upon the trusts, terms and conditions and for the purposes set out <br /> below, in fee simple in trust; <br /> SUBJECT, HOWEVER, to the existing encumbrances described in Exhibit C; <br /> BUT THIS CONVEYANCE IS MADE UPON THIS SPECIAL TRUST: if the <br /> County pays its "Obligations," as defined below, in full in accordance with the Trust <br /> Agreement, the Bonds and this Deed of Trust, and the County complies with all the <br /> terms, covenants and conditions of the Trust Agreement, the Bonds and this Deed of <br /> Trust, this conveyance will be null and void and will be canceled of record at the <br /> County's request and cost, and title will revest as provided by law; <br /> 3 <br />