Common use of Further Assurances; After-Acquired Property Clause in Contracts

Further Assurances; After-Acquired Property. At any time, and from time to time, upon request by Beneficiary, Borrower will make, execute and deliver or cause to be made, executed and delivered, to Beneficiary, any and all other further instruments, certificates, and other documents as may, in the reasonable opinion of Beneficiary, be necessary or desirable to (i) perfect and protect the lien and security interest created or purported to be created hereby, (ii) enable Beneficiary to exercise and enforce any and all rights and remedies hereunder in respect of the Property, or (iii) effect otherwise the purposes of this Security Instrument, including, without limitation, (A) executing and filing such financing or continuation statements, or amendments thereto, as may be necessary or desirable or that Beneficiary might request to perfect and preserve the security interest created by this Security Instrument as a first and prior security interest upon and security title in and to all of the Property, whether now owned or hereafter acquired by Borrower, (B) if certificates of title are now or hereafter issued or outstanding with respect to any of the Property, by immediately causing the interest of Beneficiary to be properly noted thereon at Borrower's expense, and (C) furnishing to Beneficiary from time to time statements and schedules further identifying and describing the Property and such other reports in connection with the Property as Beneficiary might request, all in reasonable detail. Upon any failure by Borrower so to do, Beneficiary may make, execute, and record any and all such instruments, certificates, and documents for and in the name of Borrower, and Borrower hereby irrevocably appoints Beneficiary the agent and attorney in fact of Borrower so to do, which power of attorney is coupled with an interest and irrevocable. The lien and security interest hereof shall attach automatically without any further act or deed required of Borrower or Beneficiary to all after-acquired property of the kind described herein attached to or used in connection with the operation of the Property or any part thereof.

Further Assurances; After-Acquired Property. At any time, and from time to time, upon request by BeneficiaryLender, Borrower will make, execute and deliver or cause to be madema▇▇, executed ▇▇ecuted and delivered, to BeneficiaryLender, any and all other further instruments, certificates, and other documents as may, in the reasonable opinion of BeneficiaryLender, be necessary or desirable to (i) perfect and protect the lien and security interest created or purported to be created hereby, (ii) enable Beneficiary Lender to exercise and enforce any and all rights and remedies hereunder in respect of the Property, or (iii) effect otherwise the purposes of this Security Instrument, including, without limitation, (A) executing and filing such financing or continuation statements, or amendments thereto, as may be necessary or desirable or that Beneficiary Lender might request to perfect and preserve the security interest created by this Security Instrument as a first and prior security interest upon and security title in and to all of the Property, whether now owned or hereafter acquired by Borrower, (B) if certificates of title are now or hereafter issued or outstanding issue▇ ▇▇ ▇▇▇standing with respect to any of the Property, by immediately causing the interest of Beneficiary Lender to be properly noted thereon at Borrower's expense, and (C) furnishing to Beneficiary Lender from time to time statements and schedules further identifying and describing the Property and such other reports in connection with the Property as Beneficiary Lender might request, all in reasonable detail. Upon any failure by Borrower so to do, Beneficiary Lender may make, execute, and record any and all such instruments, certificates▇▇▇▇ificates, and documents for and in the name of Borrower, and Borrower hereby irrevocably appoints Beneficiary Lender the agent and attorney age▇▇ ▇▇▇ ▇ttorney in fact of Borrower so to do, which power of attorney is coupled with an interest and irrevocable. The lien and security interest hereof shall attach automatically without any further act or deed required of Borrower or Beneficiary Lender to all after-acquired property of the kind described herein attached to or used in connection with the operation of the Property or any part thereof.