Common use of Lessor's Lien Clause in Contracts

Lessor's Lien. TO SECURE THE PAYMENT OF ALL RENT AND OTHER SUMS OF MONEY DUE AND TO BECOME DUE AND THE FAITHFUL PERFORMANCE OF THE LEASE BY TENANT, TENANT HEREBY GRANTS TO LANDLORD AN EXPRESS FIRST AND PRIOR LIEN AND SECURITY INTEREST ON ALL PROPERTY (INCLUDING IN THE DEMISED PREMISES, AND ALSO UPON ALL PROCEEDS OF ANY INSURANCE WHICH MAY ACCRUE TO TENANT BY REASON OF DESTRUCTION OR OF DAMAGE TO ANY SUCH PROPERTY. SUCH PROPERTY SHALL NOT BE REMOVED THEREFROM WITHOUT THE WRITTEN CONSENT OF LANDLORD UNTIL ALL ARREARAGES IN RENT AND OTHER SUMS OF MONEY THEN DUE TO LANDLORD HEREUNDER SHALL FIRST HAVE BEEN PAID. THIS LIEN AND SECURITY INTEREST IS GIVEN IN ADDITION TO THE LANDLORD’S STATUTORY LIEN AND SHALL BE CUMULATIVE THERETO. CONCURRENTLY WITH THE EXECUTION OF THE LEASE (OR LATER, IF REQUIRED BY LANDLORD, UNIFORM COMMERCIAL CODE FINANCING STATEMENTS IN SUFFICIENT FORM SO THAT WHEN PROPERLY FILED, THE SECURITY INTEREST HEREBY GIVEN SHALL BE PERFECTED. THE LIEN AND SECURITY INTEREST CREATED HEREBY SHALL BE TERMINATED WHEN ALL OF THE RENT AND OTHER SUMS OF MONEY BECOMING DUE DURING THE LEASE TERM SHALL HAVE BEEN PAID IN FULL.

Lessor's Lien. TO SECURE THE PAYMENT OF ALL RENT AND OTHER SUMS OF MONEY DUE AND TO BECOME DUE AND THE FAITHFUL PERFORMANCE OF THE LEASE BY TENANTLESSEE, TENANT LESSEE HEREBY GRANTS TO LANDLORD LESSOR AN EXPRESS FIRST AND PRIOR LIEN AND SECURITY INTEREST ON ALL PROPERTY (INCLUDING IN THE DEMISED PREMISES, AND ALSO UPON ALL PROCEEDS OF ANY INSURANCE WHICH MAY ACCRUE TO TENANT LESSEE BY REASON OF DESTRUCTION OR OF DAMAGE TO ANY SUCH PROPERTY. SUCH PROPERTY SHALL NOT BE REMOVED THEREFROM WITHOUT THE WRITTEN CONSENT OF LANDLORD LESSOR UNTIL ALL ARREARAGES IN RENT AND OTHER SUMS OF MONEY THEN DUE TO LANDLORD LESSOR HEREUNDER SHALL FIRST HAVE BEEN PAID. THIS LIEN AND SECURITY INTEREST IS GIVEN IN ADDITION TO THE LANDLORD’S LESSORS STATUTORY LIEN AND SHALL BE CUMULATIVE THERETO. CONCURRENTLY WITH THE EXECUTION OF THE LEASE (OR LATER, IF REQUIRED BY LANDLORDLESSOR, UNIFORM COMMERCIAL CODE FINANCING STATEMENTS IN SUFFICIENT FORM SO THAT WHEN PROPERLY FILED, THE SECURITY INTEREST HEREBY GIVEN SHALL BE PERFECTED. THE LIEN AND SECURITY INTEREST CREATED HEREBY SHALL BE TERMINATED WHEN ALL OF THE RENT TILE RENT’ AND OTHER SUMS OF MONEY BECOMING DUE DURING THE LEASE TERM SHALL HAVE BEEN PAID IN FULL. IN THE EVENT THE TENANT REQUESTS A LANDLORD WAIVER OF THE LANDLORD’S LIEN FOR ANY REASON. THE TENANT SHALL PAY THE LANDLORD THE SUM OF FIVE HUNDRED ($500.00) DOLLARS TO HELP DEFRAY THE COST OF THE LANDLORD’S ATTORNEY FEES.

Lessor's Lien. TENANT HEREBY GRANTS TO LESSOR A CONTRACTUAL LESSOR’S LIEN UPON ALL PROPERTY, NOW OR AT ANY TIME HEREAFTER STORED IN THE CONTAINERS, TO SECURE THE PAYMENT OF ALL RENTS OR OTHER CHARGES PAYABLE BY TENANT UNDER THE TERMS AND CONDITIONS OF THIS RENTAL AGREEMENT. SAID LESSOR’S LIEN SHALL NOT LIMIT OR PRECLUDE TENANT FROM ANY OTHER LIENS OR REMEDIES PROVIDED BY LAW TO SECURE AND COLLECT RENT, INCLUDING THE LIEN AS SET FORTH IN “COMMERCIAL TENANCIES ACT / REPAIR AND STORAGE LIENS ACT OF THE PROVINCE OF ONTARIO” AND CUMULATIVE THEREWITH. SHOULD TENANT DEFAULT IN THE PAYMENT WHEN DUE OR ANY INSTALMENT OF RENT AND OR OTHER SUMS OF MONEY CHARGES DUE AND TO BECOME DUE PAYABLE IN ACCORDANCE WITH THIS RENTAL AGREEMENT, LESSOR MAY SEIZE AND THE FAITHFUL PERFORMANCE DISPOSE OF TENANT’S PROPERTY AGAINST WHICH A LIEN IS ATTACHED UNDER “COMMERCIAL TENANCIES ACT / REPAIR AND STORAGE LIENS ACT OF THE LEASE BY TENANT, PROVINCE OF ONTARIO” AND CUMULATIVE THEREWITH. NOTICE SHALL BE DELIVERED TO TENANT HEREBY GRANTS TO LANDLORD AN EXPRESS FIRST AND PRIOR LIEN AND SECURITY INTEREST ON ALL PROPERTY (INCLUDING IN THE DEMISED PREMISES, AND ALSO UPON ALL PROCEEDS OF ANY INSURANCE WHICH MAY ACCRUE SUCH SURPLUS OR DEFICIENCY AND ANY SUCH SURPLUS SHALL BE DISPOSED OF AS REQUIRED BY LAW AND TENANT SHALL PAY ANY DEFICIENCY FORTHWITH. FOR THE PURPOSES HEREOF, ANY NOTICE REQUIRED TO BE DELIVERED TO TENANT BY REASON OF DESTRUCTION OR OF DAMAGE LESSOR SHALL BE DEEMED TO ANY SUCH PROPERTY. SUCH PROPERTY SHALL NOT BE REMOVED THEREFROM WITHOUT THE WRITTEN CONSENT OF LANDLORD UNTIL ALL ARREARAGES IN RENT AND OTHER SUMS OF MONEY THEN DUE TO LANDLORD HEREUNDER SHALL FIRST HAVE BEEN PAIDDELIVERED WHEN RECEIVED. THIS LIEN IF DELIVERED IN PERSON, OR WHEN SUCH NOTICE IS ADDRESSED AND SECURITY INTEREST IS GIVEN IN ADDITION MAILED TO TENANT, POSTAGE PREPAID, TO THE LANDLORD’S STATUTORY LIEN AND SHALL BE CUMULATIVE THERETO. CONCURRENTLY WITH ADDRESS PROVIDED BY TENANT IN THE EXECUTION OF THE LEASE (RENTAL AGREEMENT OR LATER, IF REQUIRED BY LANDLORD, UNIFORM COMMERCIAL CODE FINANCING STATEMENTS IN SUFFICIENT FORM SO THAT WHEN PROPERLY FILED, THE SECURITY INTEREST HEREBY GIVEN SHALL BE PERFECTED. THE LIEN AND SECURITY INTEREST CREATED HEREBY SHALL BE TERMINATED WHEN ALL OF THE RENT AND AT SUCH OTHER SUMS OF MONEY BECOMING DUE DURING THE LEASE TERM ADDRESS AS TENANT SHALL HAVE BEEN PAID NOTIFIED LESSOR BY GIVING WRITTEN NOTICE TO LESSOR AT THE ADDRESS SPECIFIED FOR LESSOR IN FULL.THIS RENTAL AGREEMENT. *****Initial

Lessor's Lien. TO SECURE THE PAYMENT OF ALL RENT AND OTHER SUMS OF MONEY DUE AND TO BECOME DUE AND THE FAITHFUL PERFORMANCE OF THE LEASE BY TENANTLESSEE, TENANT LESSEE HEREBY GRANTS TO LANDLORD LESSOR AN EXPRESS FIRST AND PRIOR LIEN AND SECURITY INTEREST ON ALL PROPERTY (INCLUDING FIXTURES, EQUIPMENT, CHATTELS AND MERCHANDISE) WHICH MAY BE PLACED IN THE DEMISED PREMISES, AND ALSO UPON ALL PROCEEDS OF ANY INSURANCE WHICH MAY ACCRUE TO TENANT LESSEE BY REASON OF DESTRUCTION OR OF DAMAGE TO ANY SUCH PROPERTY. SUCH PROPERTY SHALL NOT BE REMOVED THEREFROM WITHOUT THE WRITTEN CONSENT OF LANDLORD LESSOR UNTIL ALL ARREARAGES IN RENT AND OTHER SUMS OF MONEY THEN DUE TO LANDLORD LESSOR HEREUNDER SHALL FIRST HAVE BEEN PAID. THIS LIEN AND SECURITY INTEREST IS GIVEN IN ADDITION TO THE LANDLORDLESSOR’S STATUTORY LIEN AND SHALL BE CUMULATIVE THERETO. CONCURRENTLY WITH THE EXECUTION OF THE LEASE (OR LATER, LATER IF REQUIRED BY LANDLORDLESSOR AT ITS DISCRETION), LESSEE SHALL EXECUTE AND DELIVER TO LESSOR UNIFORM COMMERCIAL CODE FINANCING STATEMENTS IN SUFFICIENT FORM SO THAT WHEN PROPERLY FILED, THE SECURITY INTEREST HEREBY GIVEN SHALL BE PERFECTED. THE LIEN AND SECURITY INTEREST CREATED HEREBY SHALL BE TERMINATED WHEN ALL OF THE RENT AND OTHER SUMS OF MONEY BECOMING DUE DURING THE LEASE TERM SHALL HAVE BEEN PAID IN FULL.

Lessor's Lien. INADDTITION TO ANY LIENS AND REMEDIES PROVIDED BY APPLICABLE STATE LAW TO SECURE AND COLLECT RENT, TENANT HEREBY GRANTS TO LESSOR A CONTRACTUAL LESSOR’S LIEN UPON ALL PROPERTY, NOW OR AT ANY TIME HEREAFTER STORED IN THE CONTAINER(S) OR AT THE FACILITY TO SECURE THE PAYMENT OF ALL RENT AND RENTS OR OTHER SUMS CHARGES PAYABLE UNDER THIS RENTAL AGREEMENT. IN THE EVENT TENANT IS IN DEFAULT OF MONEY DUE AND THIS RENTAL, AGREEMENT (AS DEFINED IN PARAGRAPH 14). LESSOR MAY BEGIN THE ENFORECEMENT OF ITS LIEN INCLUDING DENIAL OF ACCESS TO BECOME DUE AND THE FAITHFUL PERFORMANCE CONTAINER(S) BY THE TENANT, AGAINST ALL PROPERTY OF TENANT STORED IN THE CONTAINER(S) OR AT THE FACILITY IN ACCORDANCE WITH THE LAWS OF THE LEASE JURISDICTION IN WHICH THE TENANT’S PROPERTY IS LOCATED WHEN LESSOR COMMENCES THE ENFORCEMENT OF ITS LIEN LAW. PROCEEDS, IF ANY FROM THE SALE OF THE PROPERTY IN EXCESS OF AMOUNTS OWED TO LESSOR, WILL BE PAID TO THE STATE TREASURER IF UNCLAIMED BY TENANTTHE OCCUPANT WITHIN ONE YEAR AFTER THE SALE OF THE PROPERTY. AS LESSOR HAS NO KNOWLEDGE OF THE CONTENTS STORED IN THE CONTAINER(S), TENANT HEREBY GRANTS TO LANDLORD AN EXPRESS FIRST AND PRIOR LIEN AND SECURITY INTEREST ON ALL WAIVES ANY OBLIGATION THAT LESSOR PROVIDE A DESCRIPTION OF THE PERSONAL PROPERTY (INCLUDING IN THE DEMISED PREMISESTENANT’S CONTAINER, AND ALSO UPON ALL PROCEEDS OF ANY INSURANCE WHICH MAY ACCRUE TO TENANT BY REASON OF DESTRUCTION OR OF DAMAGE TO ANY SUCH PROPERTY. SUCH PROPERTY SHALL NOT BE REMOVED THEREFROM WITHOUT THE WRITTEN CONSENT OF LANDLORD UNTIL ALL ARREARAGES IN RENT AND OTHER SUMS OF MONEY THEN DUE TO LANDLORD HEREUNDER SHALL FIRST HAVE BEEN PAID. THIS LIEN AND SECURITY INTEREST IS GIVEN IN ADDITION TO THE LANDLORD’S STATUTORY LIEN AND SHALL BE CUMULATIVE THERETO. CONCURRENTLY WITH THE EXECUTION OF THE LEASE (OR LATER, IF EXTENT REQUIRED BY LANDLORD, UNIFORM COMMERCIAL CODE FINANCING STATEMENTS IN SUFFICIENT FORM SO THAT WHEN PROPERLY FILED, THE SECURITY INTEREST HEREBY GIVEN SHALL BE PERFECTED. THE APPLICABLE STATE LIEN AND SECURITY INTEREST CREATED HEREBY SHALL BE TERMINATED WHEN ALL OF THE RENT AND OTHER SUMS OF MONEY BECOMING DUE DURING THE LEASE TERM SHALL HAVE BEEN PAID IN FULLLAWS.

Lessor's Lien. TENANT HEREBY GRANTS TO LESSOR A CONTRACTUAL LESSOR’S LIEN UPON ALL PROPERTY, NOW OR AT ANY TIME HEREAFTER STORED IN THE CONTAINER OR AT LESSOR’S DESIGNATED STORAGE LOCATION, TO SECURE THE PAYMENT OF ALL RENTS OR OTHER CHARGES PAYABLE BY TENANT UNDER THE TERMS AND CONDITIONS OF THE RENTAL AGREEMENT. SAID XXXXXX’X XXXX SHALL NOT LIMIT OR PRECLUDE TENANT FROM ANY OTHER LIENS OR REMEDIES PROVIDED BY LAW TO SECURE AND COLLECT RENT, INCLUDING THE LIEN AS SET FORTH IN APPLICABLE STATE STATUTES, AND CUMULATIVE THEREWITH. SHOULD TENANT DEFAULT IN THE PAYMENT WHEN DUE OF ANY INSTALLMENT OF RENT OR OTHER CHARGES DUE AND PAYABLE IN ACCORDANCE WITH THIS RENTAL AGREEMENT, LESSOR MAY SEIZE AND DISPOSE OF TENANT’S PROPERTY AGAINST WHICH A LIEN IS ATTACHED UNDER APPLICABLE STATE STATUTES, WHICH PROVIDES THAT SUCH PROPERTY WILL BE ADVERTISED FOR SALE BY NEWSPAPER PUBLICATION OR BY POSTING, AND BE SOLD TO THE HIGHEST BIDDER AT PUBLIC SALE AT THE LESSOR’S DESIGNATED STORAGE LOCATION OR AT A PUBLIC PLACE REASONABLY NEARBY, AFTER DELIVERY OF WRITTEN NOTICE OF XXXXXX’S CLAIM TO TENANT IN ACCORDANCE WITH THE NOTICE REQUIREMENTS CONTAINED IN APPLICABLE STATE STATUTES AND CONTINUATION OF THE DEFAULT UNTIL THE 15TH DAY AFTER THE DATE OF DELIVER OF SUCH WRITTEN NOTICE TO TENANT AND THEREAFTER PUBLICATION OF THE ADVERTISEMENT OF SALE WAS PUBLISHED OR POSTED. THE PROCEEDS FROM ANY SUCH SALE, LESS ANY EXPENSES CONNECTED WITH THE HOLDING AND SELLING OF THE PROPERTY INCLUDING REASONABLE ATTORNEY FEES AND OTHER SUMS EXPENSES, SHALL BE APPLIED AS CREDIT AGAINST THE INDEBTEDNESS SECURED BY THE LIEN. NOTICE SHALL BE DELIVERED TO TENANT OF MONEY DUE AND TO BECOME DUE AND THE FAITHFUL PERFORMANCE OF THE LEASE BY TENANT, TENANT HEREBY GRANTS TO LANDLORD AN EXPRESS FIRST AND PRIOR LIEN AND SECURITY INTEREST ON ALL PROPERTY (INCLUDING IN THE DEMISED PREMISESANY SUCH SURPLUS OR DEFICIENCY, AND ALSO UPON ALL PROCEEDS ANY SUCH SURPLUS SHALL BE DISPOSED OF AS REQUIRED BY LAW, AND TENANT SHALL PAY ANY INSURANCE WHICH MAY ACCRUE DEFICIENCY FORTHWITH. FOR THE PURPOSES HEREOF, ANY NOTICE REQUIRED TO BE DELIVERED TO TENANT BY REASON OF DESTRUCTION LESSOR SHALL BE DEEMED TO HAVE BEEN DELIVERED WHEN RECEIVED, IF DELIVERED IN PERSON, OR OF DAMAGE WHEN SUCH NOTICE IS ADDRESSED AND MAILED TO ANY TENANT POSTAGE PREPAID, RETURN RECEIPT REQUESTED, AND DEPOSITED IN A REGULARLY MAINTAINED RECEPTACLE FOR THE U.S. POSTAL SERVICE, TO THE ADDRESS PROVIDED BY TENANT IN THE RENTAL AGREEMENT OR AT SUCH PROPERTYOTHER ADDRESS AS TENANT SHALL HAVE NOTIFIED LESSOR BY GIVING WRITTEN NOTICE TO LESSOR AT THE ADDRESS SPECIFIED FOR LESSOR IN THIS RENTAL AGREEMENT. SUCH PROPERTY LESSOR SHALL NOT BE REMOVED THEREFROM WITHOUT LIABLE FOR ANY DAMAGE TO TENANT’S PROPERTY FOR ANY REASON WHETHER OCCURRING DURING OVER THE WRITTEN CONSENT ROAD TRANSPORTATION WHEN THE CONTAINER IS MOVED BY LESSOR FOR FAILURE OF LANDLORD UNTIL ALL ARREARAGES PAYMENT BY TENANT OR IN RENT AND ANY OTHER SUMS OF MONEY THEN DUE TO LANDLORD HEREUNDER SHALL FIRST HAVE BEEN PAID. THIS LIEN AND SECURITY INTEREST IS GIVEN IN ADDITION TO THE LANDLORD’S STATUTORY LIEN AND SHALL BE CUMULATIVE THERETO. CONCURRENTLY WITH THE EXECUTION OF THE LEASE (OR LATER, IF REQUIRED BY LANDLORD, UNIFORM COMMERCIAL CODE FINANCING STATEMENTS IN SUFFICIENT FORM SO THAT WHEN PROPERLY FILED, THE SECURITY INTEREST HEREBY GIVEN SHALL BE PERFECTED. THE LIEN AND SECURITY INTEREST CREATED HEREBY SHALL BE TERMINATED WHEN ALL OF THE RENT AND OTHER SUMS OF MONEY BECOMING DUE DURING THE LEASE TERM SHALL HAVE BEEN PAID IN FULLMANNER.

Lessor's Lien. LESSEE HEREBY GRANTS TO LESSOR A CONTRACTUAL LESSOR’S LIEN UPON ALL PROPERTY, NOW OR AT ANY TIME HEREAFTER STORED IN THE CONTAINER OR AT LESSOR’S DESIGNATED STORAGE LOCATION, TO SECURE THE PAYMENT OF ALL RENTS OR OTHER CHARGES PAYABLE BY LESSEE UNDER THE TERMS AND CONDITIONS OF THE RENTAL AGREEMENT. SAID LESSOR’S LIEN SHALL NOT LIMIT OR PRELUDE LESSEE FROM ANY OTHER LIENS OR REMEDIES PROVIDED BY LAW TO SECURE AND COLLECT RENT , INCLUDING THE LIEN AS SET FORTH IN LA, R.S 9:4756, ET SEQ. SHOULD LESSEE DEFAULT IN THE PAYMENT WHEN DUE OF ANY INSTALLMENT OF RENT OR OTHER CHARGES DUE AND PAYABLE IN ACCORDANCE WITH THIS RENTAL AGREEMENT, LESSOR MAY SEIZE AND DISPOSE OF LESSEE’S PROPERTY AGAINST WHICH A LIEN IS ATTACHED UNDER LA. R.S. 9:4756, ET SEQ. IN THE EVENT LA. R.S. 9:4756, ET SEQ DOES NOT APPLY, THEN LESSEE AGREES TO THIS CONTRACTUAL LIEN. UPON DEFAULT BY THE LESSEE. THE LESSOR SHALL BE AUTHORIZED TO REMOVE ANY LOCK ON THE RENTED SELF STORAGE SPACE IN ORDER TO COMPILE A BRIEF AND GENERAL DESCRIPTION OF THE PROPERTY STORED. THE LESSEE WILL BE NOTIFIED BY THE LESSOR OF HIS INTENTION TO ENFORCE THE LIEN AS PROVIDED IN SECTION 21. THE NOTICE WILL INCLUDE THE RENTAL AGREEMENT, A BRIEF DESCRIPTION OF THE MOVABLE PROPERTY AND THE LESSEE BEING DENIED ACCESS TO THE STORED ITEMS. THE LESSEE WILL HAVE TEN DAYS AFTER THE DATE OF THE MAILING OF THE NOTICE TO MAKE PAYMENT OF THE MONIES DUE. LESSEE HEREBY AGREES THAT ACTUAL RECEIPT OF THIS NOTICE IS NOT REQUIRED. FOLLOWING THE TEN DAY PERIOD AND LESSEE’S FAILURE TO PAY THE MONIES DUE, LESSOR WILL ADVERTISE SAID PROPERTY FOR SALE IN THE LOCAL NEWSPAPER. SAID PROPERTY WILL BE SOLD TO THE HIGHEST BIDDER AT A PUBLIC SALE AT THE LESSOR’S DESIGNATED STORAGE LOCATION OR AT A PLACE REASONABLY NEARBY. IF THERE ARE NO BIDDERS, THE LESSOR MAY PURCHASE THE MOVABLE PROPERTY FOR A PRICE SUFFICIENT TO SATISFY THE CLAIM FOR THE RENT DUE AND ALL OTHER CHARGES. THE PROCEEDS FROM ANY SUCH SALE, LESS ANY EXPENSES CONNECTED WITH THE HOLDING AND SELLING OF THE PROPERTY INCLUDING REASONABLE ATTORNEY FEES AND OTHER SUMS EXPENSES, SHALL BE APPLIED AS CREDIT AGAINST THE INDEBTEDNESS SECURED BY THE LIEN. NOTICE SHALL BE DELIVERED TO LESSEE OF MONEY DUE AND TO BECOME DUE AND THE FAITHFUL PERFORMANCE OF THE LEASE BY TENANT, TENANT HEREBY GRANTS TO LANDLORD AN EXPRESS FIRST AND PRIOR LIEN AND SECURITY INTEREST ON ALL PROPERTY (INCLUDING IN THE DEMISED PREMISESANY SUCH SURPLUS OR DEFICIENCY, AND ALSO UPON ALL PROCEEDS OF ANY INSURANCE WHICH MAY ACCRUE TO TENANT BY REASON OF DESTRUCTION OR OF DAMAGE TO ANY SUCH PROPERTYSURPLUS SHALL BE DISPOSED OF AS REQUIRED BY LAW, AND LESSEE SHALL PAY ANY DEFICIENCY FORTHWITH. SUCH PROPERTY LESSOR SHALL NOT BE REMOVED THEREFROM WITHOUT LIABLE FOR ANY DAMAGE TO LESSEE’S PROPERTY FOR ANY REASON WHETHER OCCURRING DURING OVER THE WRITTEN CONSENT ROAD TRANSPORTATION WHEN THE CONTAINER IS MOVED BY LESSOR FOR FAILURE OF LANDLORD UNTIL ALL ARREARAGES PAYMENT BY LESSEE OR IN RENT AND ANY OTHER SUMS OF MONEY THEN DUE TO LANDLORD HEREUNDER SHALL FIRST HAVE BEEN PAID. THIS LIEN AND SECURITY INTEREST IS GIVEN IN ADDITION TO THE LANDLORD’S STATUTORY LIEN AND SHALL BE CUMULATIVE THERETO. CONCURRENTLY WITH THE EXECUTION OF THE LEASE (OR LATER, IF REQUIRED BY LANDLORD, UNIFORM COMMERCIAL CODE FINANCING STATEMENTS IN SUFFICIENT FORM SO THAT WHEN PROPERLY FILED, THE SECURITY INTEREST HEREBY GIVEN SHALL BE PERFECTED. THE LIEN AND SECURITY INTEREST CREATED HEREBY SHALL BE TERMINATED WHEN ALL OF THE RENT AND OTHER SUMS OF MONEY BECOMING DUE DURING THE LEASE TERM SHALL HAVE BEEN PAID IN FULLMANNER.