IS LOCATED (THE "UNIFORM COMMERCIAL CODE"), SUPERIOR IN LIEN TO THE
LIEN OF THIS SECURITY INSTRUMENT AND ALL PROCEEDS AND PRODUCTS OF THE ABOVE;
(K)
LEASES AND RENTS.
ALL LEASES, SUBLEASES OR SUBSUBLEASES,
LETTINGS, LICENSES, CONCESSIONS OR OTHER AGREEMENTS (WHETHER WRITTEN OR ORAL)
PURSUANT TO WHICH ANY PERSON IS GRANTED A POSSESSORY INTEREST IN, OR RIGHT TO
USE OR OCCUPY ALL OR ANY PORTION OF THE LAND AND THE IMPROVEMENTS, AND EVERY
MODIFICATION, AMENDMENT OR OTHER AGREEMENT RELATING TO SUCH LEASES, SUBLEASES,
SUBSUBLEASES, OR OTHER AGREEMENTS ENTERED INTO IN CONNECTION WITH SUCH LEASES,
SUBLEASES, SUBSUBLEASES, OR OTHER AGREEMENTS AND EVERY GUARANTEE OF THE
PERFORMANCE AND OBSERVANCE OF THE COVENANTS, CONDITIONS AND AGREEMENTS TO BE
PERFORMED AND OBSERVED BY THE OTHER PARTY THERETO, HERETOFORE OR HEREAFTER
ENTERED INTO (COLLECTIVELY, THE "LEASES"), WHETHER BEFORE OR AFTER THE FILING BY
OR AGAINST BORROWER OF ANY PETITION FOR RELIEF UNDER THE BANKRUPTCY CODE AND ALL
RIGHT, TITLE AND INTEREST OF BORROWER, ITS SUCCESSORS AND ASSIGNS THEREIN AND
THEREUNDER, INCLUDING,
4
WITHOUT LIMITATION, CASH OR SECURITIES DEPOSITED THEREUNDER TO SECURE THE
PERFORMANCE BY THE LESSEES OF THEIR OBLIGATIONS THEREUNDER AND ALL RENTS,
ADDITIONAL RENTS, REVENUES, EARLY TERMINATION FEES OR PAYMENTS OR OTHER
TERMINATION FEES OR PAYMENTS THEREOF, ISSUES AND PROFITS (INCLUDING ALL OIL AND
GAS OR OTHER MINERAL ROYALTIES AND BONUSES) FROM THE LAND AND THE IMPROVEMENTS
WHETHER PAID OR ACCRUING BEFORE OR AFTER THE FILING BY OR AGAINST BORROWER OF
ANY PETITION FOR RELIEF UNDER THE BANKRUPTCY CODE (COLLECTIVELY, THE "RENTS")
AND ALL PROCEEDS FROM THE SALE OR OTHER DISPOSITION OF THE LEASES AND THE RIGHT
TO RECEIVE AND APPLY THE RENTS TO THE PAYMENT OF THE DEBT;
(L)
CONDEMNATION AWARDS.
ALL CONDEMNATION AWARDS, INCLUDING INTEREST
THEREON, WHICH MAY HERETOFORE AND HEREAFTER BE MADE WITH RESPECT TO THE PROPERTY
BY REASON OF ANY TAKING OR CONDEMNATION, WHETHER FROM THE EXERCISE OF THE RIGHT
OF EMINENT DOMAIN (INCLUDING, BUT NOT LIMITED TO, ANY TRANSFER MADE IN LIEU OF
OR IN ANTICIPATION OF THE EXERCISE OF THE RIGHT), OR FOR A CHANGE OF GRADE, OR
FOR ANY OTHER INJURY TO OR DECREASE IN THE VALUE OF THE PROPERTY (COLLECTIVELY,
THE "AWARDS");
(M)
INSURANCE PROCEEDS.
ALL INSURANCE PROCEEDS IN RESPECT OF THE
PROPERTY UNDER ANY INSURANCE POLICIES COVERING THE PROPERTY, INCLUDING, WITHOUT
LIMITATION, THE RIGHT TO RECEIVE AND APPLY THE PROCEEDS OF ANY INSURANCE,
JUDGMENTS, OR SETTLEMENTS MADE IN LIEU THEREOF, FOR DAMAGE TO THE PROPERTY
(COLLECTIVELY, THE "INSURANCE PROCEEDS");
(N)
TAX CERTIORARI.
ALL REFUNDS, REBATES OR CREDITS IN CONNECTION
WITH REDUCTION IN REAL ESTATE TAXES AND ASSESSMENTS CHARGED AGAINST THE PROPERTY
AS A RESULT OF TAX CERTIORARI OR ANY APPLICATIONS OR PROCEEDINGS FOR REDUCTION;
(O)
CONVERSION.
ALL PROCEEDS OF THE CONVERSION, VOLUNTARY OR
INVOLUNTARY, OF ANY OF THE FOREGOING INCLUDING, WITHOUT LIMITATION, INSURANCE
PROCEEDS AND AWARDS, INTO CASH OR LIQUIDATION CLAIMS;
(P)
RIGHTS.
THE RIGHT, IN THE NAME AND ON BEHALF OF BORROWER, TO
APPEAR IN AND DEFEND ANY ACTION OR PROCEEDING BROUGHT WITH RESPECT TO THE
PROPERTY AND TO COMMENCE ANY ACTION OR PROCEEDING