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Property, or any portion of the Mortgaged Property (including proprietary leases or occupancy agreements
<br />if Borrower is a cooperative housing corporation), and all modifications, extensions or renewals thereof.
<br />"Lien" means any claim or charge against property for payment of a debt or an amount owed for services
<br />rendered, including any mortgage, deed of trust, deed to secure debt, security interest, tax lien, any
<br />materialman's or mechanic's lien, or any lien of a Governmental Authority, including any lien in connection
<br />with the payment of utilities, or any other encumbrance.
<br />"Mortgaged Property" means all of Borrower's present and hereafter acquired right, title and interest, if
<br />any, in and to all of the following:
<br />(a) the Land;
<br />(b) the Improvements;
<br />(c) the Personalty;
<br />(d) current and future rights, including air rights, development rights, zoning rights and other
<br />similar rights or interests, easements, tenements, rights -of -way, strips and gores of land, streets, alleys,
<br />roads, sewer rights, waters, watercourses, and appurtenances related to or benefitting the Land or the
<br />Improvements, or both, and all rights -of -way, streets, alleys and roads which may have been or may in the
<br />future be vacated;
<br />(e) insurance policies relating to the Mortgaged Property (and any unearned premiums) and
<br />all proceeds paid or to be paid by any insurer of the Land, the Improvements, the Personalty, or any other
<br />part of the Mortgaged Property, whether or not Borrower obtained the insurance pursuant to Lender's
<br />requirements;
<br />(f) awards, payments and other compensation made or to be made by any municipal, state or
<br />federal authority with respect to the Land, the Improvements, the Personalty, or any other part of the
<br />Mortgaged Property, including any awards or settlements resulting from (1) Condemnation Actions, (2) any
<br />damage to the Mortgaged Property caused by governmental action that does not result in a Condemnation
<br />Action, or (3) the total or partial taking of the Land, the Improvements, the Personalty, or any other part of
<br />the Mortgaged Property under the power of eminent domain or otherwise and including any conveyance in
<br />lieu thereof;
<br />(g) contracts, options and other agreements for the sale of the Land, the Improvements, the
<br />Personalty, or any other part of the Mortgaged Property entered into by Borrower now or in the future,
<br />including cash or securities deposited to secure performance by parties of their obligations;
<br />(h) Leases and Lease guaranties, letters of credit and any other supporting obligation for any
<br />of the Leases given in connection with any of the Leases, and all Rents;
<br />Fannie Mae Multifamily Security Instrument Form 6025.NE
<br />Nebraska 06.12
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<br />© 2012 Fannie Mae
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