Common use of Security Interest to Beneficiary Clause in Contracts

Security Interest to Beneficiary. As additional security for the Secured Obligations, Grantor hereby grants to Beneficiary a security interest in the Property, Chattels and Intangible Personalty. To the extent any of the Property, Chattels or Intangible Personalty may be or have been acquired with funds advanced by Beneficiary under the Loan Documents, this security interest is a purchase money security interest. This Security Instrument constitutes a security agreement under the Uniform Commercial Code of the State (the “Code”) with respect to any part of the Property, Chattels and Intangible Personalty that may or might now or hereafter be or be deemed to be personal property, fixtures or property other than real estate (all collectively hereinafter called “Collateral”); all of the terms, provisions, conditions and agreements contained in this Security Instrument pertain and apply to the Collateral as fully and to the same extent as to any other property comprising the Property, and the following provisions of this Section shall not limit the generality or applicability of any other provisions of this Security Instrument but shall be in addition thereto:

Security Interest to Beneficiary. As additional security for the Secured Obligations, Grantor Trustor hereby grants to Beneficiary a security interest in the PropertyTangible Personalty and in the Intangible Personalty and in such of the Real Property as may be deemed personalty (collectively, Chattels and Intangible Personaltythe "Collateral"). To the extent any of the Property, Chattels or Intangible Personalty Collateral may be or have has been acquired with funds advanced by Beneficiary under the Loan Documents, this security interest is a purchase money security interest. This Security Instrument Deed of Trust constitutes a security agreement Security Agreement under the Arizona Uniform Commercial Code of the State (the “"Code”") with respect to any part of the Property, Chattels Property and Intangible Personalty Collateral that may or might now or hereafter be or be deemed to be personal property, fixtures or property other than real estate (all collectively hereinafter called “Collateral”)estate; all of the terms, provisions, conditions and agreements contained in this Security Instrument Deed of Trust pertain and apply to the Collateral as fully and to the same extent as to any other property comprising the Property, and the following provisions of this Section section shall not limit the generality or applicability of any other provisions provision of this Security Instrument Deed of Trust but shall be in addition thereto:

Security Interest to Beneficiary. As additional security for the Secured Obligations, Grantor Trustor hereby grants to Beneficiary a security interest in the Property, Chattels and Intangible PersonaltyPersonality. To the extent any of the Property, Chattels or Intangible Personalty Personality may be or have been acquired with funds advanced by Beneficiary under the Loan Documents, this security interest is a purchase money security interest. This Security Instrument Deed of Trust constitutes a security agreement under the Uniform Commercial Code of the State state in which the Property is located (the “Code”) with respect to any part of the Property, Chattels and Intangible Personalty Personality that may or might now or hereafter be or be deemed to be personal property, fixtures or property other than real estate (all collectively hereinafter called “Collateral”); all of the terms, provisions, conditions and agreements contained in this Security Instrument Deed of Trust pertain and apply to the Collateral as fully and to the same extent as to any other property comprising the Property, and the following provisions of this Section shall not limit the generality or applicability of any other provisions of this Security Instrument Deed of Trust but shall be in addition thereto:

Security Interest to Beneficiary. As additional security for the Secured Obligations, Grantor Trustor hereby grants to Beneficiary a security interest in the Property, Chattels and Intangible Personalty. To the extent any of the Property, Chattels or Intangible Personalty may be or have been acquired with funds advanced by Beneficiary under the Loan Documents, this security interest is a purchase money security interest. This Security Instrument Deed of Trust constitutes a security agreement under the Uniform Commercial Code of the State state in which the Property is located (the “Code”) with respect to any part of the Property, Chattels and Intangible Personalty that may or might now or hereafter be or be deemed to be personal property, fixtures or property other than real estate (all collectively hereinafter called “Collateral”); all of the terms, provisions, conditions and agreements contained in this Security Instrument Deed of Trust pertain and apply to the Collateral as fully and to the same extent as to any other property comprising the Property, and the following provisions of this Section shall not limit the generality or applicability of any other provisions of this Security Instrument Deed of Trust but shall be in addition thereto: