Common use of PURPOSE OF SECURING Clause in Contracts

PURPOSE OF SECURING. Trustor makes the grant, conveyance, transfer and assignment set forth in Section 1 for the purpose of securing the following obligations (the "Secured Obligations") in any order of priority that Beneficiary may choose: (a) Payment of all obligations of Trustor ("Obligor") to Beneficiary ------- arising under the instrument(s) or agreement(s) described below (the "Debt Instrument"): [X] a promissory note dated as of April 1, 1998, payable by Obligor ------------- as maker in the stated principal amount of Seven Hundred Twenty -------------------- Nine Thousand and No/100 Dollars ($729,000.00) to the order of ------------------------ ----------- Beneficiary. [X] a certain Agreement for Bridge Loan dated as of April 1, 1998, ------------------------- ------------- between Obligor and Beneficiary which provides for extensions of credit in a principal amount not exceeding Seven Hundred ------------- Twenty Nine Thousand and No/100 Dollars ($729,000.00). ------------------------------- ----------- [_] a certain N/A Guaranty dated N/A, in the principal amount of --- --- -0- Dollars ($-0-) given by Obligor to Beneficiary in --- --- support of the obligations of N/A to Beneficiary. --- [_] (Describe). This Deed of Trust also secures payment of all obligations of Obligor under the Debt Instrument which arise after the Debt Instrument is extended, renewed, modified or amended pursuant to any written agreement between Obligor and Beneficiary, and all obligations of Obligor under any successor agreement or instrument which restates and supersedes the Debt instrument in its entirety. (b) Payment and performance of all obligations of Trustor under this Deed of Trust; and (c) Payment and performance of all future advances and other obligations that Trustor (or any successor in interest to Trustor) or Obligor (if different from Trustor) may agree to pay and/or perform (whether as principal, surety or guarantor) to or for the benefit of Beneficiary, when a writing signed by Trustor (or any successor in interest to Trustor) evidences said parties' agreement that such advance or obligation be secured by this Deed of Trust. This Deed of Trust does not secure any obligation which expressly states that it is unsecured, whether contained in the foregoing Debt Instrument or in any other document, agreement or instrument.

PURPOSE OF SECURING. Trustor Grantor makes the grant, conveyance, transfer and assignment set forth in Section Article 1 (Grant in Trust), IN TRUST, makes the irrevocable and absolute assignment set forth in Article 3 (Assignment of Leases and Rents), and grants the security interest set forth in Article 4 (Security Interest in Related Personalty), all for the purpose of securing the following obligations (collectively, the "“Secured Obligations"”) in any order of priority that Beneficiary may choose: (a) Payment of all obligations the indebtedness evidenced by that certain Promissory Note of Trustor ("Obligor") even date herewith given by Grantor in favor of Beneficiary, pursuant to which Beneficiary ------- arising under the instrument(s) or agreement(s) described below (the "Debt Instrument"): [X] made a promissory note dated as of April 1, 1998, payable by Obligor ------------- as maker loan to Grantor in the stated maximum principal amount of Seven Hundred Twenty -------------------- Nine Thousand and No/100 [____________________ Dollars ($729,000.00) to ____________)] (the order “Maximum Principal Amount”), and having a final maturity date of ------------------------ ----------- Beneficiary. [X] a certain Agreement for Bridge Loan dated as of April 1, 1998, ------------------------- ------------- between Obligor and Beneficiary which provides for extensions of credit in a principal amount not exceeding Seven Hundred ------------- Twenty Nine Thousand and No/100 Dollars ($729,000.00). ------------------------------- ----------- [_] a certain N/A Guaranty dated N/A__________, in the principal amount of --- --- -0- Dollars ($-0-) given by Obligor to Beneficiary in --- --- support of the obligations of N/A to Beneficiary. --- [20__] (Describe). This Deed of Trust also secures payment of all obligations of Obligor under as the Debt Instrument which arise after the Debt Instrument is extendedsame may be increased, renewed, amended, restated, or otherwise modified or amended pursuant from time to any written agreement between Obligor and Beneficiarytime, the “Promissory Note”), together with all interest, late charges, prepayment fees, additional interest, collection costs, fees, and all obligations expenses as provided in the Promissory Note, and any future advances of Obligor amounts available for borrowing under any successor agreement or instrument which restates and supersedes the Debt instrument in its entirety.Promissory Note, to the fullest extent permitted under Section 3▇-▇▇-▇▇▇, Colorado Revised Statutes, and/or other applicable law; (b) Payment and performance of all obligations of Trustor Grantor under this Deed of Trust; (c) Prompt and complete performance and observance of each and every covenant, obligation, or agreement of Grantor contained in this Deed of Trust or contained in any other document or instrument given by Grantor to further evidence or secure the indebtedness represented by the Promissory Note, but excluding any separate environmental indemnity; and (cd) Payment of any additional sums (and performance of all future advances and other obligations accrued interest) that Trustor (may be loaned or advanced by Beneficiary to Grantor under any successor in interest to Trustor) promissory note or Obligor (if different from Trustor) may agree to pay and/or perform (whether as principal, surety or guarantor) to or for the benefit of Beneficiary, when a writing signed by Trustor (or any successor in interest to Trustor) evidences said parties' agreement notes evidencing loans that such advance or obligation be specifically state that they are secured by this Deed of Trust. This Deed of Trust does not secure any obligation which expressly states that it is unsecured, whether contained in the foregoing Debt Instrument or in any other document, agreement or instrument.

PURPOSE OF SECURING. Trustor makes Mo▇▇▇▇▇▇▇ ▇akes the grant, conveyance, transfer and assignment set forth in Section 1 1, makes the irrevocable and absolute assignment set forth in Section 3, and grants the security interest set forth in Section 4, all for the purpose of securing the following obligations (the "Secured Obligations") in any order of priority that Beneficiary Mortgagee may choose: (a) Payment of all obligations of Trustor Solitron Devices, Inc., a Delaware corporation (the "Obligor") to Beneficiary ------- Mortgagee arising under the following instrument(s) or agreement(s) described below (collectively, the "Debt Instrument"): [X] a promissory note ): (i) That certain Promissory Note dated as of April 1May 21, 19982024, payable by Obligor ------------- as Ob▇▇▇▇▇ ▇s maker in the stated principal amount of Seven One Million Four Hundred Twenty -------------------- Nine Thousand and No/100 00/100 Dollars ($729,000.001,400,000.00) to the order of ------------------------ ----------- Beneficiary. [X] a Mortgagee. (ii) That certain Loan Agreement for Bridge Loan dated as of April 1May 21, 19982024, ------------------------- ------------- between Obligor and Beneficiary Mortgagee which provides for extensions of credit in a principal amount not exceeding Seven One Million Four Hundred ------------- Twenty Nine Thousand and No/100 00/100 Dollars ($729,000.001,400,000.00). ------------------------------- ----------- [_] The Note and the Loan Agreement are collectively referred to herein as the "Debt Instruments" and each as a certain N/A Guaranty dated N/A, in the principal amount of --- --- -0- Dollars ($-0-) given by Obligor to Beneficiary in --- --- support of the obligations of N/A to Beneficiary. --- [_] (Describe)"Debt Instrument". This Deed of Trust Mortgage also secures payment of all obligations of the Obligor under the any Debt Instrument which arise arises after the such Debt Instrument is extended, renewed, modified or amended amended, including any increase in interest rate, pursuant to any written agreement between the Obligor and BeneficiaryMortgagee, and all obligations of the Obligor under any successor agreement or instrument which restates and supersedes the any Debt instrument Instrument in its entirety.; (b) Payment and performance of all obligations of Trustor the Mortgagor under this Deed Mortgage; (c) Payment and performance of Trustall obligations of the Obligor under any Swap Contract related to the Debt Instruments. "Swap Contract" means any document, instrument or agreement with Mortgagee, now existing or entered into in the future, relating to an interest rate swap transaction, forward rate transaction, interest rate cap, floor or collar transaction, any similar transaction, any option to enter into any of the foregoing, and any combination of the foregoing, which agreement may be oral or in writing, including, without limitation, any master agreement relating to or governing any or all of the foregoing and any related schedule or confirmation, each as amended from time to time; and (cd) Payment and performance of all future advances and other obligations that Trustor Mo▇▇▇▇▇▇▇ (or any successor in interest to TrustorMo▇▇▇▇▇▇▇) or Obligor (if different from TrustorMortgagor) may agree to pay and/or perform (whether as principal, surety or guarantor) to or for the benefit of BeneficiaryMortgagee, when a writing signed by Trustor Mo▇▇▇▇▇▇▇ (or any successor in interest to TrustorMortgagor) evidences said parties' agreement that such advance or obligation be secured by this Deed of TrustMortgage and such writing is filed in the relevant real property records. This Deed of Trust Mortgage does not secure any obligation which expressly states that it is unsecured, whether contained in the foregoing Debt Instrument Instruments or in any other document, agreement or instrument. Unless specifically described in subparagraph (a) above or otherwise agreed in writing, "Secured Obligations" shall not include any debts, obligations or liabilities which are or may hereafter be "consumer credit" subject to the disclosure requirements of the Federal Truth in Lending law or any regulation promulgated thereunder.

PURPOSE OF SECURING. Trustor makes the grant, conveyance, transfer and assignment set forth in Section 1 1, makes the irrevocable and absolute assignment set forth in Section 3, and grants the security interest set forth in Section 4, all for the purpose of securing the following obligations (the "Secured Obligations") in any order of priority that Beneficiary may choose: (a) Payment of all obligations of Trustor LIFELOC TECHNOLOGIES, INC. ("Obligor") to Beneficiary ------- arising under the following instrument(s) or agreement(s) described below (collectively, the "Debt Instrument"): [X] a promissory note ): (i) A certain Loan Agreement dated as of April 1October 29, 19982014, payable by Obligor ------------- as maker in the stated principal amount of Seven Hundred Twenty -------------------- Nine Thousand and No/100 Dollars ($729,000.00) to the order of ------------------------ ----------- Beneficiary. [X] a certain Agreement for Bridge Loan dated as of April 1, 1998, ------------------------- ------------- between Obligor and Beneficiary which provides for extensions of credit in a principal amount not exceeding Seven One Million Six Hundred ------------- Twenty Twelve Thousand Nine Thousand Hundred Eighty-One Dollars and No/100 Dollars No Cents ($729,000.00). ------------------------------- ----------- [_] a certain N/A Guaranty dated N/A, in the principal amount of --- --- -0- Dollars ($-0-) given by Obligor to Beneficiary in --- --- support of the obligations of N/A to Beneficiary. --- [_] (Describe1,612,981.00). This Deed of Trust also secures payment of all obligations of Obligor under the Debt Instrument which arise after the Debt Instrument is extended, renewed, modified or amended pursuant to any written agreement between Obligor and Beneficiary, and all obligations of Obligor under any successor agreement or instrument which restates and supersedes the Debt instrument Instrument in its entirety.; (b) Payment and performance of all obligations of Trustor under this Deed of Trust; and; (c) Payment and performance of all future advances and other obligations that Trustor (or of Obligor under any successor in interest Swap Contract with respect to Trustor) or Obligor (if different from Trustor) may agree to pay and/or perform (whether as principal, surety or guarantor) to or for the benefit of Beneficiary, when which there is a writing signed by Trustor (or any successor in interest to Trustor) evidences said evidencing the parties' agreement that such advance or obligation said Swap Contract shall be secured by this Deed of Trust. This Deed of Trust does not secure "Swap Contract" means any obligation which expressly states that it is unsecureddocument, whether contained instrument or agreement with Beneficiary, now existing or entered into in the foregoing Debt Instrument future, relating to an interest rate swap transaction, forward rate transaction, interest rate cap, floor or collar transaction, any similar transaction, any option to enter into any of the foregoing, and any combination of the foregoing, which agreement may be oral or in writing, including, without limitation, any other documentmaster agreement relating to or governing any or all of the foregoing and any related schedule or confirmation, agreement or instrument.each as amended from time to time;