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2� 17�2233 d�r�cts all R�nts and all surn� �ue �nder ar�� Lease �uaranties upon re�eipt fr�m Lend�r of writt�r�natice ta th� effect that Len�er �s then the holder of this Security Instrumer�t and that �.n Event�f Defau�t��ists, and to c��ti�xue s�to da until�th�rv�ise nat�fied by L�nd�r. Se�tYon 1.3 Secur�tY A�r��m�nt. Th�s SeGur�ty Iristrum�nt is bo�h a real i ■ i�r ii�.i�nnir�� propert� mortgag� anc� a "SeCurity a�reement" �vi�h�n the �near�ir�g �f the �Jn�form �ommerc�al Code. The Proper�� inc�u�es bath r�al a.nd persona.� propert� and a�� ath�� ghts and intere�ts, whether tan�ible �r intangible in r�at�.�re, of Indi v�dual B orr�wer i� the Pr�p�rty. B� ��ecut�n� a�.d �e�iver�n�.this Security Ir�strume�t, Int�ividual Barr��er hereby gra�ts �o Lender, as security far the �bligati�ns �he�einafter def�ned�, a s��u�ity �r�terest �r� the Fi�tures, the Equipment a.r�� the P�rs�nal Pr�perty and �ther pr�perty c�ra.stituting th� Property, �rhether nov� ov�rned or . her�af�er a�quired, to the fu�� e�t�nt that th� Fi�tures, th� �qu�pment and the P�r�anal Propert� and such ather �r�per�y ma� be suba��t t� the Ilnifarm Comme�cial ��e �said ��rt�on af the Property so subject t�the-[Jnifarm ��rnrnercia� �ode being ca.��ed th� "�ollat�ral"}. If ar�Event of I��fau�t sha�� ac�ur a.r�d be �ontinuing, I.�end�r, in a�cl�tion to a.n� oth�r rights and r��nedies �vhi�h �t may ha�e� sha�� hav� and �nay ��rcise imme��at�ly and, e�cept as other�vise pr��ded �y a�plicabi� la�r, ��thout d�mand, an� and all rights ar�� rem�d�es granted to a secured par�� upon defauit un�ier the IJr��fo�m ��r�me�cia� ��de, inclu�.�n�, �v��hau� ��mi��ng the �en�rality af the fo�eg�ing, the ri;ght ta take possessi�n af th� Collateral a� any part t�i�r�of, and ta ta1�e �uch other measures as Lender ma� �eem necessar� fQr the �are,�pratectior� ar�� pres�r�ration of the ��l�a��ra�. Upon reque�t ar demand of Ler�d�r a.fter the a��urren�� and during �he c�ntinua�.ce �f an �vent �f Default, Ir�dividua� Borraw�r shal�, at i�s ��er�se, assem�le the ��l�at�ral and �na1�e it avaiiah�e t� Lender at a canveni�nt pl�.ce �at the Land �f tangib�e p�apert�� reasonab�y ac�eptable to Ler�der. Indi�idua�Borra�v�r �hall pay to L�r�d�r�r� d�mand any ar�d all r�asonabi� ar�d d�cumented e�pens�s, in�luding reasonabie and �ocument�d l�gal e�pe�ses a�d attorn�ys' fees, znGu��ed ar �a�d i�y L�nd�r in prote�tin� its interest i� the �ollateral and �n enfo�cing its � rights h��reunder�vith r�spect t� the �o��a.teral, in either�ase, aft�r the occu�rrer�c� and c��ring the continuar��e �f a� E�rent �f Default. Any r�otice �f sa��, d�spo,sit��n or other intende� a�ti�n by Lender v�ith respect ta the Callateral sent to� Indi�ridual B�rrower �n �.CC�rC��.�1C� with the pr�visior�s her�of a.t Ieast t�n (�4� Business Da�s priar to su�h act�on, sha�l, e�cept as �therwise pr�v�d�d by applicable �a�, �onst�tute reasonabie nntic� t� I�di�ri�ual Borrovver. The pro�eeds �f ar�� dispos�ti�n of th� ��ltateral, �r any �art thereaf, may, except as ath�r�rise required by app��cal�� law, be app�ied by Lenc�er t� the pa�ment of the Debt �r� such prx�rit� and�rop�rt�ons as Lend�r ir��ts discret��n sha�� deem�aroper. Ir�dividua�BorrQvver'� (d�bt�r's�principal p�a�� of bus�ne�s �s as se�fort� �n page one �l� hereof and the addre�� of Lender �secured par�y� �s as set f�rth or��ag� on� �1 j her�of. . . �e�tion 1.4 Fixtur� ,F��in�. �er�ai� of the Pro�erty i� or �v��I bec�me "fi�tures" �as that term is def�ned in the T Tnifarm �ammercia� Co�e� an the La.nd, and th�s SeGur�ty�Ir�strum�r�t, upan being filed f�r record �r� th� �re�.� estate recor�s of the Gity or county Wherein such fi�tures a.re situat�d, sha�� aperate a�so a� a fi�ar�c�n� statemer�t nam�ng Individual Borr��er as debt�r and Lender as secured �art�: f�1�d as a fixture fiiing in ac�orda.nce v�ith th� a�p��abl� pra�isi�ns �f sa.id L�n�fQrm Ganlm�rcial �ode up�n such of the Pr�pert� 'that is or ma.� becom� fixtur�s. In�i�i�ual Bor�av�rer authoriz�s L�nder ta f�� or record financing statem�nts with respect to the Praperty��thout the sigr�ature of the Indiv�dual B�rravver �r� suc�i farm and in such �ffi�es as Ler�der reasona.b�y determines appr�priat� to perfect the �ecur�t� �ntere�ts of Lender. Such financing statements may describ�the �o��at�ral andl�r th�Pr�pert��n 7