exhibit 10. 10 deed of trust, assignment of leases and rents and security agreement and fixture filing ( collateral includes fixtures ) wake forest apartments llc, a delaware limited liability company, grantor to the fidelity company, a north carolina corporation, trustee for the benefit of new york life insurance company, beneficiary dated as of : january 21, 2014 premises : estates at wake forest apartments 1524 woodfield creek drive, wake forest, north carolina 27587 drafted by and record and return to : womble carlyle sandridge & rice, llp one west fourth street winston - salem, nc 27101 attn : hardin g. halsey, esq. wcsr 31792892 deed of trustloan no. 374 - 0551 wcsr 31792892 deed of trustloan no. 374 - 0551 wcsr 31792892 deed of trustloan no. 374 - 0551 table of contents deed of trust, assignment of leases and rents and security agreement and fixture filing 1 granting clauses 1 definitions and interpretation 5 article i covenants and agreements 10 1. 01 payment, performance and security 10 1. 02 payment of taxes, assessments, etc. 10 a. impositions 10 b. installments 11 c. receipts 11 d. evidence of payment 11 e. payment by beneficiary 11 f. change in law 11 g. joint assessment 12 h. permitted contests 12 i. no lease default 12 1. 03 insurance 13 a. all risk coverage 13 b. additional coverage 13 c. separate insurance 14 d. insurers ; policies 14 e. beneficiary's right to secure coverage 15 f. damage or destruction 15 g. transfer of interest in policies 16 h. grantor's use of proceeds 16 1. 04 escrow payments 18 1. 05 care and use of the premises 18 a. maintenance and repairs 18 deed of trust, assignment of leases and rents and security agreement and fixture filing 1 deed of trust, assignment of leases and rents and security agreement and fixture filing 1 granting clauses 1 granting clauses 1 definitions and interpretation 5 definitions and interpretation 5 article i covenants and agreements 10 article i covenants and agreements 10 1. 01 payment, performance and security 10 1. 01 payment, performance and security 10 1. 02 payment of taxes, assessments, etc. 10 1. 02 payment of taxes, assessments, etc. 10 a. impositions 10 a. imposition