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��14��159 obta�ned in �onn�ction with a Perm�tt�d Equipment F�.nan�ing, if and an�y if, the gra.r�t af a security interest or lien in such asset �r other property �n the manner c.�ntemp�ated by t�s S��urity Ins�rum�nt is pr�Y�bited by th� ten�ns af any agreement entered in.to in connect�on with such Permitted Equipm�nt Finar�cing and would result in the termination of a.ny agr�em�nt with respect to such Permitted E�uipment Financ�n� �r give the other parties thereto the �ght to terminate, accelerate�r othervvise adversely a�ter Indi�idual Borr�vv�r's rights,tit�e and interests �h�reunder�in�lu�ing upon the �ving of nati�e or the lapse of time or both); prov�ded that [A} any such�imitativn on the secuxity interes�s granted hereunder sha�l or�y apply t� the�xtent that any such prahibitian cou�d not be rendered �neffective pursuant to the LJCC or ar�y other applicab�e law tinc�uding th� Bankruptcy �ode ar�d Secti�ns 9�-4��, 9-4D7 and 9-4U8 of the �J�C} or princip��s of equity; (B) in the event of the ternr.�nation or e��minat�on of any such pra�ib�tion or �h� r�quirement for any c.�nsent contained in such agr�ement entered into in �onr�ect�on w�th such Permitted Equ�pment F�nan�ing,t� the e�tent suffic�ent t�permi�a,tly such item to becvme �al�ateral �as here�naf�er defined� h�reunder, or upan the �ranting of a,ny su�h consent, �r wa�ving or terminating atiy require:rnent for such consent, a s�curity int�rest in su�h � it�m shal� be automatica�� and simultar�eously granted hereund�r and shall be in�luded as �o�Iatera.�hereunder, and ��}�ubject, �n�ach case to the pra�is��ns of ar�y Permitted Equ�pment Finan�ing, all rights to paym�nt af money due ar to become due��rsuant to, and a�l rights to the proceeds from the sale of, ar�y su�h it�m shall be and at a�l tirnes remain subj ect to the s�curit�r interests created by this Security Agreem�t. Sectian 1.2 .,,A�s�,ment of Rents. �ndi�dual Borrower hereby at�so�utel��nd unc�nditional�y assi�ns to Lender a11 of Ind�vidual Borr�wer's rig��, title a�d interest �n and to a�� current and future Leases and R�nts; it be�ng intended by Individua� Borr�wer that this ass�gnrn�nt constitut�s a present, abso�ute a.s�ignment an� �ot an ass�gnment for additiana� secu.rity only. N�vertheless, subj ect ta the terms vf the Assignment af Leases, th� �ash Managem�nt Agreem�nt and Sect�ar�_7.1�h� of this Se�ur�ity Instrume�t, Lender grat�ts to Borrov�rer a revacable license to col��ct, re�ei.�e, use and �nj�y the Rents and Individual Borrower shall hald th� Rents, or a portion thereof suff cient to discharge a�l sum.s that are�hen due an the Debt, for use in the payment af such sums, with the rema,inder �f such Rents t� be released ta Indiv�dual Borrower. Sect�an 1,3 �ecuri A reement. This Security Inst�ment is both a rea� pr�perty martgage and a "security agreement" within the meanang of the Un�form �ommercial �ode. T`he Prop�y includes both real and persflnal property and al� �ther rights and interests, wh�ther tangible ar intangib�e in natur�, of Individual Bornower in the Praperty. By executtng and de�iv�ring this Se�urity Ins�rument, Individua�Bnrr�wer hereb�grants to Lend�r, a.s secunty for the C]bligations (hereinaf��r d�fined), a security interest in �e Fixtures, the Equipm�nt and the Personal Property and oth�r prop�rty constituting th� Property, v�hether now �wn�d or hereafter acqu�red, to the fu11 extent that the Fixtur�s, the Equi�ment an� the P ersonal Pr�perty and su�h ather prap�y ma� be subject to the Uniform Commercial Code �said port�on of the Property sa subject to the Uniform�ommercial ��de being�alied the�`�ollateral"�. If an Event af I7�fau�t sha1� occur and be continuing, Lender, in add�tion to any oth�r rights and remed�es which it may hav�, sha�l hav� and may ex�rcise immediately and, exc�pt as othervv�se provided by applicabie law, without demand, any an� al� rights and remedies granted to a s�cured party 1�73151.d4-NYCSR�3A-M5W