Common use of Security Interest in Property Clause in Contracts

Security Interest in Property. As continuing security for the Obligations, Mortgagor hereby pledges, assigns and grants to the Bank a security interest in any of the Property (as defined in Section 1.4 below) constituting fixtures, (i.e., Building Service Equipment as defined in the Prior Mortgages). This Mortgage shall be 48 deemed to be a security agreement and financing statement pursuant to the terms of the Uniform Commercial Code of Massachusetts.