Real Estate Seed and Blanket

REAL ESTATE SEED AND BLANKET SECURITY AGREEMENT

This Real Estate Seed and Blanket Security Agreement (the Agreement) is made effective as of between Lender: , and Borrower: .

Parties and Contact Information

Entity type - Lender: Individual Corporation LLC

Entity type - Borrower: Individual Corporation LLC

Loan and Financial Terms

Interest Rate:    Maturity Date:    Payment Frequency:

Late Charge on overdue payments:    Prepayment permitted: Yes No

Property Identification and Security

Lender takes a blanket security interest, mortgage, deed of trust or equivalent in the Seed Parcel and all additional parcels identified above (collectively, the Collateral). Borrower grants Lender all rights necessary to record instruments evidencing this security interest.

Release and Conveyance Provisions

Release Conditions: Upon (i) full payment of the portion of the Facility attributable to a specific parcel, or (ii) satisfaction of any agreed release price, Lender shall execute and deliver a release of Lien for that parcel within days of receipt of funds.

Insurance, Taxes and Maintenance

Borrower shall maintain hazard and liability insurance naming Lender as loss payee or additional insured in amounts not less than: .

Borrower shall timely pay all property taxes and assessments on the Collateral. Borrower shall keep the Collateral in good repair and not permit waste.

Representations, Warranties and Covenants

Borrower represents and warrants that Borrower has good and marketable title to the Collateral free of other Liens except those disclosed to Lender in writing. Borrower covenants to preserve such title, to not create additional Liens without Lender's prior written consent, and to promptly provide requested financial information.

Events of Default and Remedies

Events of Default include but are not limited to: Borrower's failure to pay principal or interest when due; breach of any material representation, warranty, or covenant; Borrower's insolvency, appointment of receiver, or voluntary transfer of the Collateral in violation of this Agreement.

Upon Event of Default, Lender may declare the indebtedness immediately due and payable, foreclose the security instruments, take possession of the Collateral, sell or otherwise dispose of the Collateral, and exercise all rights and remedies available at law or in equity. Borrower shall pay Lender's reasonable costs and attorneys' fees incurred in enforcing this Agreement.

Recording, Priorities and Subordination

This Agreement, and any deed of trust, mortgage or financing statement executed pursuant hereto, may be filed or recorded by Lender in any jurisdiction where the Collateral is located. Borrower acknowledges that Lender may obtain priority as set forth in the applicable instruments.

Notices

Disclosures

Lead-Based Paint Disclosure: Has the property (any parcel of the Collateral) ever contained lead-based paint? Yes No

Mold or Hazardous Conditions Known: Are there known mold, hazardous materials, or environmental concerns affecting any parcel? Yes No

Prior Structural or Material Damage: Has any parcel sustained prior structural damage or repairs that materially affect value? Yes No

Governing Law; Entire Agreement

This Agreement shall be governed by and construed in accordance with the laws of the State of . This Agreement, together with the related security instruments and financing statements, constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings between the parties.

Miscellaneous Provisions

Waiver of Jury Trial: To the extent permitted by law, each party waives trial by jury in any action, proceeding or counterclaim arising out of or relating to this Agreement.

Costs and Attorneys' Fees: The prevailing party in any action to enforce this Agreement shall be entitled to recover reasonable attorneys' fees and costs.

Acknowledgment and Execution

By executing below, Borrower and Lender certify that they have authority to enter this Agreement, that the representations made herein are true and correct as of the date of execution, and that this Agreement may be recorded in the appropriate public records as evidence of the security interest described herein.

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