KENSINGTON PROPERTY & DEVELOPMENTS LTD

Lendlord Limited

3. grant of security. 3.1 legal mortgage. As a continuing security for the payment and discharge of the secured liabilities, the borrower. With full title guarantee charges to the lender, by way of a first legal mortgage, all estates or. Interests in any freehold, leasehold or commonhold property now owned by it, including the. Real property (if any) specified in schedule 1.. 3.2 fixed charges. As a continuing security for the payment and discharge of the secured liabilities, the borrower. With full title guarantee charges to the lender by way of a first fixed charge:. (A) all present and future estates or interests of the borrower in, or over, any freehold,. Leasehold or commonhold property (other than any such property effectively. Mortgaged under clause 3.1);. (b) the benefit of all other contracts, guarantees, appointments and warranties relating to. Each charged property and other documents to which the borrower is a party or which. Are in its favour or of which it has the benefit relating to any letting, development, sale,. Purchase, use or the operation of any charged property or otherwise relating to any. Charged property (including, in each case, but without limitation, the right to demand. And receive all monies whatever payable to or for its benefit under or arising from any. Of them, all remedies provided for in any of them or available at law or in equity in. Relation to any of them, the right to compel performance of any of them and all other. Rights, interests and benefits whatever accruing to or for its benefit arising from any of. Them);. (C) all licences, consents and authorisations (statutory or otherwise) held or required in. Connection with its business or the use of any secured asset, and all rights in. Connection with them;. (D) all its present and future goodwill;. (E) all its uncalled capital;. (F) all the equipment;. (G) all the intellectual property;. (H) all the book debts;. (I) all the investments;. (J) all monies from time to time standing to the credit of its accounts with any bank,. Financial institution or other person (including each designated account), together. With all other rights and benefits accruing to or arising in connection with each account. (Including, but not limited to, entitlements to interest);. (K) all its rights in respect of each insurance policy, including all claims, the proceeds of all. Claims and all returns of premiums in connection with each insurance policy, to the. Extent not effectively assigned under clause 3.3; and. 8. (l) all its rights in respect of each relevant agreement and all other agreements,. Instruments and rights relating to the secured assets, to the extent not effectively. Assigned under clause 3.3.

Lendlord Limited

All that freehold land and buildings being 37 ravensdale road, darlington (DL3 8EB) the land. Registered under tile number DU84641 together with all buildings, fixtures and fixed plant and. Machinery on such property, the proceeds of sale of the whole or any part of the property and all. Rights appurtenant to or benefiting the property.

The Mortgage Works (UK) PLC

24 vine street. Darlington. DL3 6HW.

Lendlord Limited

24 vine street. Darlington. DL3 6HW. 3.2 fixed charges. As a continuing security for the payment and discharge of the secured liabilities, the borrower. With full title guarantee charges to the lender by way of a first fixed charge:. (A) all present and future estates or interests of the borrower in, or over, any freehold,. Leasehold or commonhold property (other than any such property effectively. Mortgaged under clause 3.1);. (b) the benefit of all other contracts, guarantees, appointments and warranties relating to. Each charged property and other documents to which the borrower is a party or which. Are in its favour or of which it has the benefit relating to any letting, development, sale,. Purchase, use or the operation of any charged property or otherwise relating to any. Charged property (including, in each case, but without limitation, the right to demand. And receive all monies whatever payable to or for its benefit under or arising from any. Of them, all remedies provided for in any of them or available at law or in equity in. Relation to any of them, the right to compel performance of any of them and all other. Rights, interests and benefits whatever accruing to or for its benefit arising from any of. Them);. (C) all licences, consents and authorisations (statutory or otherwise) held or required in. Connection with its business or the use of any secured asset, and all rights in. Connection with them;. (D) all its present and future goodwill;. (E) all its uncalled capital;. (F) all the equipment;. (G) all the intellectual property;. (H) all the book debts;. (I) all the investments;. (J) all monies from time to time standing to the credit of its accounts with any bank,. Financial institution or other person (including each designated account), together. With all other rights and benefits accruing to or arising in connection with each account. (Including, but not limited to, entitlements to interest);. (K) all its rights in respect of each insurance policy, including all claims, the proceeds of all. Claims and all returns of premiums in connection with each insurance policy, to the. Extent not effectively assigned under clause 3.3; and. 8. (l) all its rights in respect of each relevant agreement and all other agreements,. Instruments and rights relating to the secured assets, to the extent not effectively. Assigned under clause 3.3.. 3.3 assignment. As a continuing security for the payment and discharge of the secured liabilities, the borrower. With full title guarantee assigns to the lender absolutely, subject to a proviso for reassignment. On irrevocable discharge in full of the secured liabilities:. (A) all its rights in each insurance policy, including all claims, the proceeds of all claims and. All returns of premiums in connection with each insurance policy; and. (B) the benefit of each relevant agreement and the benefit of all other agreements,. Instruments and rights relating to the secured assets.. 3.4 floating charge. As a continuing security for the payment and discharge of the secured liabilities, the borrower. With full title guarantee charges to the lender, by way of first floating charge, all its undertaking,. Property, assets and rights not otherwise effectively mortgaged, charged or assigned under. Clause 3.1 to clause 3.3 inclusive.

Lendlord Limited

24 vine street. Darlington. DL3 6HW.