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<br />collected in the same manner as is provided in Subparagraph (a) above where the
<br />rents and profits are collected pursuant to the appointment of a receiver. In the
<br />event Mortgagee exercises its rights under this subparagraph (b), it shall not, solely
<br />by reason thereof, be deemed to be a mortgagee-in- possession of the mortgaged
<br />premises.
<br />
<br /> Security Agreement. Mortgagor hereby grants to Mortgagee a security interest in:
<br />
<br />(a) all building materials, equipment, fixtures (including, but not limited
<br />to, all engines, boilers, elevators, machinery, heating apparatus, electrical
<br />equipment, air conditioning equipment, water and gas fixtures, plumbing,
<br />communication devices, carpeting, shades, awnings, screens, storm sashes and
<br />blinds) now or hereafter located or intended to be located on the mortgaged
<br />premises of whatsoever type or nature whether now owned or hereafter acquired
<br />by Mortgagor, including all replacements, repairs and substitutions thereto
<br />(collectively, “Equipment and Fixtures”).
<br />
<br />(b) all rights of Mortgagor with respect to tenants or occupants of all or
<br />part of the mortgaged premises, including, without limitation, all leases, licenses
<br />and rights in connection therewith, whether oral or written (collectively, “Leases”),
<br />and all rents, revenue, income and accounts both from services and occupants,
<br />royalties, revenues (collectively, “Rents”) which are now or hereafter due to be paid
<br />in connection with the mortgaged premises, the improvements thereto, the
<br />Equipment and Fixtures, the Leases and the Rents.
<br />
<br />(c) all general intangibles of Mortgagor which relate to the mortgaged
<br />premises, the improvements thereto, the Equipment and Fixtures, including,
<br />without limitation, trade names, accounts receivable, contract rights and banking
<br />and depository accounts.
<br />
<br />(d) all after acquired property similar to the property herein described
<br />and conveyed which may be subsequently acquired by Mortgagor and used in
<br />connection with the mortgaged premises, the improvements thereto, the
<br />Equipment and Fixtures and all other property and all cash and non-cash proceeds
<br />and products of all of the foregoing described property.
<br />
<br />Mortgagor hereby covenants and agrees that upon the occurrence of an Event of
<br />Default hereunder, Mortgagee may, in addition to any other remedy provided for
<br />herein or which it may have at law or equity, exercise all rights granted to it under
<br />the Minnesota Uniform Commercial Code, Minnesota Statutes Chapter 336.
<br />
<br /> Fixture Financing Statement. The filing of this Mortgage shall constitute the filing
<br />of a Fixture Filing within the meaning of the Minnesota Uniform Commercial Code, and
<br />for such purpose, the following information is given:
<br />
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