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��15�45�� intangib�e� received upon the sale, exchange, transfer, collection or other di�pos�tion or substitution thereaf and any and all of the fore�aing and proceeds thcrefrom; �q� Pr�ceeds. Al� pr�c�eds of any af the foregoing items set forfh in sul�sections �a� thr�ugh �p� including, v�ithout Iimitation, Insurance Proceeds and Avvards, irit� cash ar Iiquidatian cla�ms; and �r) �ther Ri�hts. Any and all oth�r rights of Borravver�n and to the �tems set forth in subsecti�ns �a)thraugh(q} abav�. This Se�tion 1.1 is intended to grant�n favor of Lender a first pr�ority continuing�ien�.nd security interest in all of the Propert�. Borro�er authari�es Lender and its counsel to file U�� financ�ng statements in form and substance satisfactory to Lender, descr�b�n�the cQllat�ral as al1 assets of Barrav�er, a11 Praperty af B�rrower ar us�ng words�vith si.milar effect. Se�tion 1.2. ASSIGNMENT�F RENTS. Barrov�er hereb� absolute�� and unconditionall� assigns to Lender and Trustee al� of Borrov�er's right, t�t1e and interest in and to all current a.nd future Leases and Rents; it being�ntended by Borro�er that this assignment canst�tutes a presents absolute assxgnm�nt and not an assignrn�nt f�r additional security only. Nevertheless, subj ect tQ �he terms of the Loan Agreernent and Sectian 8.1(h} of this Security Instrum�nt, Lender grants to Borrower a revocable �icense to �i) callect, re�e�ve, use and enjo�the Rents and Burrower shall hold the Rents, or a p�rtion thereof sufficient ta discharge alI current sums due an the Del�t, for use in th�payment of su�h sums, and�ii� enforce the terms of th�Leases. Section 1.3. SECURrTY AGREEMENT. This Secur�_ty In�trument i� both a rea� property mortgage and a"secur�ty agreernent"�vithin the meaning of the Uniform Cornrnercial Code. The Prap�rty �n�lucles b�th real and persana� property and a�� ather rights and interests, �hether tangibl� ar intangible in nature, of B�rrov�er in th� Property. By exe�uting and delivering this S ecurity Instrument, B orravver hereby grants to Lender and Truste�, as securit� for the ab�zgations �hereinafter defined�, a security intere�t in the Persona� Prapert� to the �ull �xtent that th�Persona�Property may be subj ect to the Uniform Commer�ial Code. ��ction 1.4. FIXTURE FILII�G. �er�ain of the Praper�y is or vvi11 become "fixtures" �as that term is defined in the Uniform�ommercia� Code} �n the Land, and this Security Instrument, upan be�ng f�led far recard in the real estate records of the city or county wherein such fi�tures are situated, shall operate a�so as a fxnancing statement filed as a fi�tur�filing in accordance with th� appl.icab�e pro��sians of said Uniform Cammercia� �ode upan such of the Property that is or may became fi�tur�s. Section 1.5. CaNDITI�I�TS T� GRANT. T� HA�TE A1�TD TQ H�LD the above granted and described Property unto Trustee for and on behalf of Lender and to the use and l�enefit of L�nder and Trust�e and their successars and assigns, forever; IN TRUST WITH P�WEl� �F . _ , to_secure �avment ta Len_ er a t e Debt at ihe tirne_and in._the manner �rovided_for �ts �a�ment in the Nnte and_the_Loan A�reement; PR�VID�I], H�WE�FR, these pr�sents axe upon the express c�ndition that, �f Lender shal�be vvell and tru�y paid the Debt at the time and in th�manner provided �n the No�e, the Laan Agre�ment and this Security Instrument, if Borr�wer shal� well and tru�y perform the �ther �b�igations as set farth in this Se�urit� Instrument and S 79582.Q�U��6 EMF US 56287948�1