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<br />~~~~~~ <br />-22- <br />_.- - ARTICLE.II3 <br />SFCU"R~LY AtiR~;E~3Ei~in' <br />3.O1 Cxeation of Security Interest. Aiortgagor hereby-. <br />grants to rt~agee a seo,~ri-ty interest in the Personal <br />.Property presently or at-any time hereafter located on or at <br />the Property, including without limitation any-and all- f <br />property of similar type or kind hereafter located on or at - <br />the- Pro~xty, iis~l di ng a:~y and all additions, a~c~etio::s anti <br />substitutions therefor and products-anal proceeds therefrom <br />for the purpose of securzng all gbligations of i~rtgagor <br />contained in this I~iortgage or any other of the Loan Instruments.' <br />3.02- Rarranties, Represantations and Covenants of <br />Mortgagor. Mortgagor hereby warrants, represents and covenants <br />as folls~ws. <br />- {aj kept for the security interest granted hereby,: <br />s ASortgagor is, and a~ to portions of the Personal Property to <br />be acquired-after the date hereof wall be, the-sole owner-of <br />the Personal Property, free from .any adverse lien, security <br />interest,.enoumbrance or adverse claims thereon of any kind <br />v:hatsoever. I~srtgagor will notify Mortgagee of, and will <br />defend the Personal Property against, all- claims and demands <br />of all persons at any time claiming the saw or any .interest <br />therein. <br />{}~) ?mortgagor will not 'cease, sell, convey or in any <br />manner transfer the Personal Property wathczut the-prior <br />written consent of Aortgagee. <br />{c~ The Personal Property is not used or bought for- <br />peraona~:, famsly or hrusel-~2d puz;~es. <br />{c21 Personag Property wl3 be; kept on-tar at 'the <br />Property-and Moxt~.gor will not remove the Personal-Psegerty <br />`^' `:.~L~n tha Property- 4a"Yio~.t the prior written consent of biQrt- <br />