Item A: Beam Development Purchase and Sale Agreement Terms

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AND , Grantor covenants and agrees with Beneficiary that: ARTICLE I PARTICULAR COVENANTS OF GRANTOR 1.1Performance of Note and Deed of Trust and the Other Loan Documents. Grantor will perform, observe and comply with all provisions of the Note and this Deed of Trust and the other Loan Documents secured hereby and will duly and timely pay, without relief from any valuation or appraisement law, to Beneficiary the sum of money expressed in the Note with interest thereon and all other sums required to be paid by Grantor pursuant to the provisions of the Note and this Deed of Trust and the other Loan Documents, all without any deductions or credit for taxes or other similar charges paid by Grantor. 1.2Title Warranties and Representations. Grantor hereby covenants with and represents and warrants to Beneficiary that Grantor is indefeasibly seized of the Premises in fee simple; that Grantor has full power and lawful right to convey the same as aforesaid; that it shall be lawful for said Beneficiary at all times peaceably and quietly to enter upon, hold, occupy and enjoy the Premises and every part thereof; that said Grantor will make such further assurances to perfect the fee simple title to the Premises and Beneficiary's lien thereon, as may be reasonably required; that the Premises is not subject to any liens in favor of any private or governmental entity; and that Grantor does hereby fully warrant the title to the Premises and every part thereof and will defend the same against the claims (whether meritorius or non-meritorius) of all persons whomsoever, except for those matters set forth on Exhibit B attached hereto ("Permitted Exceptions"). 1.3Real Estate Taxes, Assessments and Personal Property Taxes. (a)On and after the occurrence of a default hereunder, or under the Note or any other Loan Documents, Grantor shall upon demand pay to Beneficiary on the day monthly installments of interest or monthly installments of principal and interest are payable under the Note, until the Loan Documents are paid in full, a sum (herein "Funds") equal to one-twelfth of the yearly real estate taxes and assessments which may attain priority over this Deed of Trust, all as reasonably estimated initially and from time to time by Beneficiary on the basis of assessments and bills and reasonable estimates thereof. The Funds shall be held by Beneficiary and Beneficiary shall apply the Funds to pay said taxes and assessments as and when they shall be due and payable. No interest shall be paid on the Funds. The Funds are pledged as additional security for the sums secured by this Deed of Trust. If the amount of the Funds held by Beneficiary shall not be sufficient to pay taxes and assessments as they fall due, Grantor shall pay to Beneficiary any amount necessary to make up the deficiency within 15 days from the date notice is mailed by Beneficiary to Grantor requesting payment thereof. Upon payment in full of the Note and all of the other Loan Documents, all Funds then held by Beneficiary shall be returned to Grantor. (b)Except as provided in (a) above, Grantor shall pay when due according to law, all taxes, assessments and other charges which are now due or may hereafter be imposed or assessed against the Premises and the Collateral. Upon reasonable request, Grantor will promptly send to Beneficiary receipts for the payment of all such taxes, assessments and other charges. Upon the failure of Grantor to promptly pay such taxes, assessments and other charges, - 45 -