DEED OF TRUST, ASSIGNMENT OF RENTS AND SECURITY AGREEMENTRents and Security Agreement • July 1st, 2024 • Utah
Contract Type FiledJuly 1st, 2024 Jurisdiction(“Deed of Trust”) is made as of the *, 2024, by and among the Local Building Authority of Virgin Town, Washington County, Utah, a nonprofit corporation duly organized under the laws of the State of Utah (“Trustor”) whose address for purposes of this agreement is P.O. Box 790008, Virgin, Utah 84779, and Southern Utah Title Company (“Trustee”), whose place of business is 20 North Main, #300, St. George, Utah; and State Bank of Southern Utah, or any successor or successors thereof, as Bondholder (the “Beneficiary”) under a Master Resolution, dated as of *, 2024 (the “Master Resolution”) in connection with the issuance of the $1,800,000 Local Building Authority of Virgin Town, Washington County, Utah, Lease Revenue Bonds, Series 2024 (the “Series 2024 Bonds”).