FOURTH MODIFICATION AGREEMENT
A. Bank has extended to Borrower credit ("Loan") in the principal amount
of $980,000.00 pursuant to the Loan Agreement, dated June 29, 1995 ("Loan
Agreement"), and evidenced by the Promissory Note, dated June 29, 1995 ("Note").
The unpaid principal of the Loan as of the date hereof is $870,477.00.
B. The Loan is secured by, among other things, the Deed of Trust, Assignment of Rents, Security Agreement and
Fixture Filing, dated June 29, 1995 ("Deed of Trust"), by Borrower, as trustor, for the benefit of Bank, as
beneficiary, recorded on July 3, 1995, Instrument No. 95-0387291, records of Maricopa County, Arizona (the
agreements, documents, and securing the Loan and the Note are referred to individually and collectively as the
C. Bank and Borrower have executed and delivered previously the following agreements ("Modifications")
modifying the terms of the Loan, the Note, the Loan Agreement, and/or the Security Documents: (i) the First
Modification Agreement dated June 26, 1998, (ii) the Second Modification Agreement dated September 29,
1998, (iii) the Third Modification Agreement dated November 29, 1998. (The Note, the Loan Agreement, the
Security Documents, any arbitration resolution, any environmental certification and indemnity agreement, and all
other agreements, documents, and instruments evidencing, securing, or otherwise relating to the Loan, as
modified in the Modifications, are sometimes referred to individually and collectively as the "Loan Documents".
Hereinafter, "Note", "Loan Agreement", "Deed of Trust", and "Security Documents" shall mean such documents
as modified in the Modifications.)
D. Borrower has requested that Bank modify the Loan and the Loan Documents as provided herein. Bank is
willing to so modify the Loan and the Loan Documents, subject to the terms and conditions herein.
For good and valuable consideration, the receipt and sufficiency of which are hereby ack