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V3857-L - 9/15/80 ~~~~~~~~ 7. Security Agreement This Mortgage shall create a security interest in t3~e Equipment and shall in respect thereof constitute a secu- rity agreement. Mortgagee shall be entitled to all of the rights an d: remedies in respect of such personal praperty as are affoxded a secured party under the Uniform Commercial Code aad other agplica ble laws, At Mortgagee's request, Mortgagor will at any time and from time to time furnish Mortgagee (for filing) financing statements signed ~' Mort- gagor in form satisfactory to Mortgagee. Mortgagee may at any time, at its option, waive and release its security interest in any or all of the Equipment, but no such waiver or release shall be effective unless set forth in a writing signed by Mortgagee and no such waiver er release shall affect Mort- gagee's lien or security interest in respect of any uther portion of the Property. 8. Status of Suaarior Mortgaaes and Leases 8.3 Mortgagor will duly and punctually comply with all of the terms, covenants and conditions of the Superior Mortgages, and will pay when due all interest, principal and other sums and charges due thereunder. Mortgagor will promptly fotxard to Mortgagee 4i) any and all notices received by it Eros Superior Mortgagee and iii) all notices which 1+IOrtgagor gives to or receives from tenants of the Property or respecting the occurrence or alleged occurrence of any default in the performance of tenants occupying any poztior. of the Property. If Mortgagor should default in the payment, perform- ance or observance of any terse, covenants, conditions or 9