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201508665 All estate, right, title and interest, homestead or other claim or demand, as well in law as in equity, which the Debtor now has or hereafter may acquire of, in and to the Mortgaged Property, or any part thereof, and any and all other property of every kind and nature from time to time hereafter (by delivery or by writing of any kind) conveyed, pledged, assigned or transferred as and for additional security hereunder by the Debtor or by anyone on behalf of the Debtor to the Trustee on behalf of the Secured Party; TO HAVE AND TO HOLD the Mortgaged Property, and all the estate, right, title and interest, in law and in equity, of Debtor in and to the Property unto the Trustee for the benefit of the Secured Party, its successors and assigns, forever in trust, for the uses and purposes hereinafter set forth, possession of the Mortgaged Property being hereby granted and conveyed to the Trustee; subject, however, to (i) those Permitted Exceptions and encumbrances which the Secured Party has approved in the Loan Agreement or otherwise approved in writing, (ii) the liens and security interests evidenced by the Mortgage, (iii) statutory liens for real estate taxes and assessments on the Property which are not yet delinquent, (iv) other liens and security interests (if any) in favor of Secured Party, (v) the grant of utility or access easements to public or private utilities or governmental authorities, and (vi) the grant in the ordinary course of business of a leasehold interest in a part of the property to a tenant for occupancy, not containing a right or option to purchase and not in contravention of any Loan Document (collectively, (the "Permitted Encumbrances "); 51834400.1 3