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200410321
<br />E. SECURITY AGREEMENT
<br />Loan No: 0047182795
<br />Without limiting any of the provisions of the Security Instrument, Borrower, as Debtor (and being
<br />referred to in this paragraph as "Debtor," whether one or more), expressly GRANTS unto Lender, as
<br />Secured Party (and being referred to in this paragraph as "Secured Party," whether one or more), a
<br />security interest in the following described property (including both those now and those hereafter
<br />existing) (collectively, "Collateral ") to the full extent that such properties may be subject to the Uniform
<br />Commercial Code- Secured Transactions (hereinafter called "Uniform Commercial Code ") as adopted and
<br />applied in the State where the Property is situated:
<br />(1) To the extent owned by Debtor, Debtor's successors and assigns, and acquired with the
<br />proceeds of the loan secured by the Security Instrument, all fixtures, goods, furnishings,
<br />equipment, building material, machinery, and personal property now or hereafter located in, on,
<br />or used or intended to be used in connection with the Property, including without limitation:
<br />doors, partitions; window and floor coverings; apparatus, material, or equipment for supplying,
<br />holding, or distributing heating, cooling, electricity, gas, water, air, and lighting; security,
<br />access control, and fire prevention and extinguishing apparatus, material, or equipment;
<br />household appliances; bathroom and kitchen fixtures; cabinetry; and kitchen fixtures; and
<br />landscaping (collectively, "Fixtures and Personal Property"). (2) All proceeds or sums payable
<br />in lieu of or as compensation for the loss of or damage to the Property and the Fixtures and
<br />Personal Property, and all rights in and to all present and future fire and hazard insurance
<br />policies. (3) All proceeds of any award or claim for damages, direct or consequential, in
<br />connection with any condemnation or other taking, in whole or in part, of the Property, or for
<br />conveyance in lieu thereof. (4) All of Debtor's interest and rights, as lessor, in and to all leases
<br />now or hereafter affecting the Property, and all rental income payable thereunder or otherwise.
<br />(5) All bonds, deposits, letters of credit, and any other sums at any time credited by or due from
<br />Secured Party to Debtor or any guarantor, co- maker, or surety of Debtor, and held by Secured
<br />Party. (6) Any replacements, additions, or betterments to, or proceeds of, the Collateral
<br />described herein above, the sale or distribution of which is not authorized hereby.
<br />Page 3 of 7 SMSNDC /0000 /RR080003
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