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or hereafter located thereon, whether or not attached or affixed to the Land, (iii) all additions,
<br /> accessions,increases,parts,fittings,accessories,replacements,substitutions,betterments,repairs
<br /> and proceeds to and of any and all of the foregoing, and (iv) all hereditaments, easements,
<br /> appurtenances,estates,and other rights and interests now or hereafter belonging to or in any way
<br /> pertaining to the Land or to any building or improvement now or hereafter located thereon.
<br /> II
<br /> All furnishings, furniture, equipment and all other tangible personal property of
<br /> any nature whatever now or hereafter located in the Buildings or elsewhere on the Land (the
<br /> "Equipment"), including all additions, accessions, increases, parts, fittings, accessories,
<br /> replacements, substitutions, betterments, repairs and proceeds to and of any and all such
<br /> property, excluding any items released or disposed of in accordance with the Loan Agreement,
<br /> whether or not attached or affixed to the Land.
<br /> III
<br /> All leases, rents, issues, condemnation awards, insurance proceeds, and similar
<br /> revenues and income arising from the ownership of the Land,the Buildings and the Equipment
<br /> and all proceeds and products thereof, and including specifically all deposits received or to be
<br /> received from residents or prospective residents of the Buildings (herein collectively called
<br /> "Revenues and Income").
<br /> To Have and To Hold the Land, the Buildings and the Equipment (collectively,
<br /> the"Mortgaged Property"),and the Revenues and Income thereof,together with all privileges,
<br /> hereditaments and appurtenances thereunto now or hereafter belonging, or in anywise
<br /> appertaining, and the proceeds thereof, unto the Mortgagee, its successors and assigns forever,
<br /> In Trust Nevertheless,upon the terms and trust as part of the Trust Estate set forth
<br /> in the Indenture, for the equal and proportionate benefit, security and protection of all owners
<br /> of the Bonds, without preference, priority or distinction as to lien or otherwise of any of the
<br /> Bonds over any of the others,
<br /> Provided, nevertheless, that these presents are upon the express condition that if
<br /> the Mortgagor shall pay or cause to be paid the principal of,premium(if any)on and interest on
<br /> the Bonds, and if the Mortgagor shall pay all Additional Payments owing under Section 4.03 of
<br /> the Loan Agreement, and if the Mortgagor shall pay all rebates owing to the United States in
<br /> respect of the Bonds,under Section 148 of the Internal Revenue Code of 1986, as amended,(the
<br /> "Code")and if the Mortgagor shall strictly observe and perform all of the terms, covenants and
<br /> conditions contained in the Loan Agreement,the Indenture and this Mortgage,including without
<br /> limitation payment of all amounts which may be owing to the City or the Trustee thereunder,
<br /> 3
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