Common use of Uniform Commercial Code Security Agreement Clause in Contracts

Uniform Commercial Code Security Agreement. (a) This Instrument is also a security agreement under the Uniform Commercial Code for any of the Mortgaged Property which, under applicable law, may be subjected to a security interest under the Uniform Commercial Code, for the purpose of securing Borrower’s obligations under this Instrument and to further secure Borrower’s obligations under the Note, this Instrument and other Loan Documents, whether such Mortgaged Property is owned now or acquired in the future, and all products and cash and non-cash proceeds thereof (collectively, “UCC Collateral”), and by this Instrument, Borrower grants to Lender a security interest in the UCC Collateral. To the extent necessary under applicable law, Borrower hereby authorizes Lender to prepare and file financing statements, continuation statements and financing statement amendments in such form as Lender may require to perfect or continue the perfection of this security interest. (b) Unless Borrower gives Notice to Lender within 30 days after the occurrence of any of the following, and executes and delivers to Lender modifications or supplements of this Instrument (and any financing statement which may be filed in connection with this Instrument) as Lender may require, Borrower will not (i) change its name, identity, structure or jurisdiction of organization; (ii) change the location of its place of business (or chief executive office if more than one place of business); or (iii) add to or change any location at which any of the Mortgaged Property is stored, held or located.

Uniform Commercial Code Security Agreement. (a) This To the extent any of the property described in this Instrument is also personal property, Borrower, as debtor, grants to Lender, as secured party, a security agreement under interest therein together with a security interest in all other personal property of whatsoever nature that is located on or used or to be used in connection with any of the property described in this Instrument, and any products or proceeds of any thereof, pursuant to the Uniform Commercial Code for any of the Mortgaged Property which, under applicable law, may be subjected to a security interest under State of New York (the Uniform Commercial Code, for the purpose of securing Borrower’s obligations under this Instrument and to further secure Borrower’s obligations under the Note, this Instrument and other Loan Documents, whether such Mortgaged Property is owned now or acquired in the future, and all products and cash and non-cash proceeds thereof (collectively, “UCC CollateralUCC”), on the terms and by this Instrument, Borrower grants to Lender a security interest in the UCC Collateralconditions contained herein. To the extent necessary under applicable law, Borrower hereby authorizes Lender to prepare file any financing statement, fixture filing or similar filing to perfect the security interests granted in this Security Instrument without Borrower’s signature. Borrower shall: (a) execute and file financing statements, continuation statements and financing statement amendments in deliver such form documents as Lender may require deems reasonably necessary to create, perfect or and continue the perfection of security interests contemplated by this security interest. Instrument; (b) Unless Borrower gives Notice to Lender within 30 days after the occurrence of any of the following, and executes and delivers to Lender modifications or supplements of this Instrument (and any financing statement which may be filed in connection with this Instrument) as Lender may require, Borrower will not (i) change its name, identityor, structure or jurisdiction of organization; (ii) change the location of as applicable, its place of business (or chief executive office office, its principal residence (or, if Borrower is a trust or one or more than one place trustees acting with respect to property held in trust, the identity or principal residence of businessany trustee), the jurisdiction in which it is organized, or otherwise change its location (as that term is used in Article 9 of the UCC), without giving Lender at least thirty (30) days’ prior written notice thereof; and (c) cooperate with Lender in perfecting all security interests granted in this Security Instrument and in obtaining such agreements from third parties as Lender deems necessary, proper or (iii) add to desirable in connection with the preservation, perfection or change any location at which enforcement of any of the Mortgaged Property is stored, held or locatedLender’s rights under this Instrument.

Uniform Commercial Code Security Agreement. (a) This To the extent any of the property described in this Instrument is also personal property, Borrower, as debtor, grants to Lender, as secured party, a security agreement under interest therein together with a security interest in all other personal property of whatsoever nature that is located on or used or to be used in connection with any of the property described in this Instrument, and any products or proceeds of any thereof, pursuant to the Uniform Commercial Code for any of the Mortgaged Property which, under applicable law, may be subjected to a security interest under State of New York (the Uniform Commercial Code, for the purpose of securing Borrower’s obligations under this Instrument and to further secure Borrower’s obligations under the Note, this Instrument and other Loan Documents, whether such Mortgaged Property is owned now or acquired in the future, and all products and cash and non-cash proceeds thereof (collectively, “UCC Collateral”"UCC"), on the terms and by this Instrument, Borrower grants to Lender a security interest in the UCC Collateralconditions contained herein. To the extent necessary under applicable law, Borrower hereby authorizes Lender to prepare file any financing statement, fixture filing or similar filing to perfect the security interests granted in this Security Instrument without Borrower's signature. Borrower shall: ( a) execute and file financing statements, continuation statements and financing statement amendments in deliver such form documents as Lender may require deems reasonably necessary to create, perfect or and continue the perfection of security interests contemplated by this security interest. Instrument; (b) Unless Borrower gives Notice to Lender within 30 days after the occurrence of any of the following, and executes and delivers to Lender modifications or supplements of this Instrument (and any financing statement which may be filed in connection with this Instrument) as Lender may require, Borrower will not (i) change its name, identityor, structure or jurisdiction of organization; (ii) change the location of as applicable, its place of business (or chief executive office office, its principal residence (or, if Borrower is a trust or one or more than one place trustees acting with respect to property held in trust, the identity or principal residence of businessany trustee), the jurisdiction in which it is organized, or otherwise change its location (as that term is used in Article 9 of the UCC), without giving Lender at least thirty (30) days' prior written notice thereof; and (c) cooperate with Lender in perfecting all security interests granted in this Security Instrument and in obtaining such agreements from third parties as Lender deems necessary, proper or (iii) add to desirable in connection with the preservation, perfection or change any location at which enforcement of any of the Mortgaged Property is stored, held or locatedLender's rights under this Instrument.