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200511354 c. All buildings, structures, facilities, other improvements and fixtures now or hereafter located on the Land; d. All apparatus, equipment, machinery and appliances and all accessions thereto and renewals and replacements thereof and substitutions therefor used in the operation or occupancy of the Land, it being intended by the parties that all such items shall be conclusively considered to be a part of the Lan~ whether or not attached or affixed to the Land; e. All land lying in the right-of-way of any street, road, avenue, alley or right-of-way opened, proposed or vacated, and all sidewalks, strips and gores ofland adjacent to or used in connection with the Land; f. All additions and accretions to the property described above; g. All licenses, authorizations, certificates, variances, consents, approvals and other permits now or hereafter pertaining to the Land and all estate, right, title and interest of Borrower in, to, under or derived from all tradenames or business names relating to the Land or the present or future development, construction, operation or use of the Land; and h. All proceeds of any of the foregoing. All of the property described above is hereinafter collectively defined as the "Property." The listing of specific rights or property shall not be interpreted as a limitation of general terms. ARTICLE 2. OBLIGATIONS SECURED 2.1 OBLIGA TIONS SECURED. Borrower makes the foregoing grant and assignment for the purpose of securing the following obligations (collectively the "Secured Obligations"): a. Full and punctual payment to Lender of all sums at any time owing under the Note; b. Payment and performance of all covenants and obligations of Borrower under this Security Instrument including, without limitation, indemnification obligations and advances made to protect the Property; c. Payment and performance of all additional covenants and obligations of Borrower under the Loan Documents; d. Payment and performance of all covenants and obligations, if any, which any rider attached as an exhibit to this Security Instrument recites are secured hereby; e. Payment and performance of all future advances and other obligations that the then record owner of all or part of the Property may agree to pay and/or perform (whether as principal, surety or guarantor) for the benefit of Lender, when the obligation is evidenced by a writing which recites that it is secured by this Security Instrument; f. All interest and charges on all obligations secured hereby including, without limitation, prepayment charges, late charges and loan fees; g. All modifications, extensions and renewals of any of the obligations secured hereby, however evidenced, including, without limitation: (i) modifications of the required principal payment dates or interest payment dates or both, as the case may be, deferring or accelerating payment dates wholly or partly; and (ii) modifications, extensions or renewals at a different rate of interest whether or not any such modification, extension or renewal is evidenced by a new or additional promissory note or notes; and Master SI REG NE (rev. 08/2005) 1245359.6 3