Mortgage Deemed Security Agreement. To the extent that any of the property described or referred to in this Mortgage is governed by the provisions of the UCC this Mortgage is hereby deemed a ‘‘security agreement’’ under the UCC, and, if so elected by any Mortgagee, a ‘‘financing statement’’ under the UCC for said security agreement. The mailing addresses of the Mortgagor as debtor, and the Mortgagees as secured parties are as set forth in Section [1.05] hereof. If any Mortgagee so directs the Mortgagor to do so, the Mortgagor shall file as a financing statement under the UCC for said security agreement and for the benefit of all of the Mortgagees, an instrument other than this Mortgage. In such case, the instru- ment to be filed shall be in a form custom- arily accepted by the filing office as a fi- nancing statement. PROCEEDS OF COL- LATERAL ARE COVERED HEREBY.
Appears in 5 contracts
Samples: Mortgage Agreement, Mortgage Agreement, Mortgage and Security Agreement
