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��15�4583 intangible� received upan the sale, exchange, transfer, co�l�ction �r ather CI15�]�51t1��7 or substitut�on ther�of and any and all af the fore��ing and pr�ceeds therefram; �q� Proceeds. All proceeds �f any of the faregoing items s�t forth in subsectiQns �a� through �p� including, without limitation, Insurance Proceeds and Awards, into cash or liqu�datian c�aims; and �r} �ther Ri�. Any and all ather rights �f Borro�ver in and to the items set farth in subsections �a�through�q� al��ve. This S�ctian �.1 is intended to grant in favor of Lender a f�rst priority continuing l.�en and � se�urity interest in a�l af the Pro�erty. Barrower authori�es Lender and its counsel to file U�� financing statements in form and substance sat�sfactary to Lender, d�scribing the ��llateral as aIl assets of Borrower, aI1 Pr�perty of Borrower or using words vvith similax effect. Section 1.2. ASSIGNMENT�F RENTS. B�rrawer hereby abso�utely and unc�nditiona�ly assxgns ta Lender and Trustee a11 of Barrower's right, title and interest in and to all current and future Leases and Rents; it being�ntended by Borrower that this assignment const�tutes a present, absolute assignment and not an assignment f�r additional security �nly. Ne��rtheless, subj ect tQ the terms of the Loan Agre�ment ar�d Sectian S.1�h) �f this �ecurity Instrum�nt5 Lender grants to Borrawer a revocable license ta ��} co�lect, receive, use and enj oy the Rents and Barrower �ha11 hald the Rents, or a p�rtion thereof sufficient to discharge all current sums due on the Debt, for use in the payrnent of such sums, and (ii} enforce the terms❑f the Leases. Scction 1.3. SECUR�TY AGREEMEI�T. This Seeurity Instrument is both a real property mortgage and a"security agreement"within the mean�ng �f the Uniforrn Cammercia�C�d�. The Property inc�udes hoth real and personal property and all �ther rights and interests� �rhether tangib�e ar intangible in natur�, af B�rrawer �n the Property. By executing and de�xvering thxs S ecurit� Instrum�nt, B orrower hereby gran.ts to Lender and Trustee, as security for the �bligatians �hereinafter defined�, a security interest in the Personal Property to the full extent that the P�rsanal Pro�erty may be subj ect to the Uniform Cornmerc�a� Cod�. Sectian 1.4. F�xTu�F�LrN�. �ertain of the Property is or �w�ll become "fxxtures" �as that term i s d�fined xn�he L�n�fa rm �amrnercial C a de) an the Land, and thi s S e curit�Instruxn�nt, upan being filed for record in the rea� estate records of the city �r caunty wherein su�h fixtures are situated, shall operate also as a financing statement filed as a fi�ture fi�ing in accordance with the app�icable provxsi�ns of said Unifarm�ornrnercial Code upon such �f the Praper�y that is ar may become fixtures. �ectian 1.5. C�1�DITI�1�iS T� �RANT. T� HAVE AI�TD T� H�LD the ab�ve granted ar�d described Praperty unto Trustee for and on �ehalf of Lender and to the use and benefit of Lender and Trustee and th�ir successors and assigns, forever; IN TRUST �ITH P��VER �F SALE ta secure a ment to Lender of the I]ebt at the tirne and in the manner ro�ided for it� a ment in the Note and the La an A reem.ent� PR��TIDED, H��]VEV ER, the se presents ar� upon the express con�ition that, if Lender shall be vv��1 an�truly�aid the De�t at the time and �n the manner pravided in the Note, the Loan Agre�ment and this Secur�ty Instrument, if Borrovver shall �vell and truly perform the �i.her flbligations as set forth in this Securi�ty Instrument and s 79582.000066 EMF US 5628784�v1