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7/10/80 ~
EXHIBIT "X"
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To UCC-1 Financing Statement from HILL TOP DEVELOPERS, !
INC. ("Debtor") to CONTINENTAL ILLINOIS NATIONAL BANK AND
TRUST COMPANY OF CHICAGO ("Secured Party")
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Description of Collateral i
The collateral consists of the following property,
whether now or hereafter existing, created, or acquired, in
connection with or located on or about the real property
described in Exhibit "A" attached hereto (the "Land"):
(1) All buildings, structures and improvements of
every nature whatsoever now or hereafter situated on~the }
Land, and all fixtures, machinery, appliances, equipment,
furniture, and personal property of every nature whatsoever
now or hereafter owned by Debtor and located in or on, or
attached to, or used or intended to be used in connection
with or with the operation of, the Land, buildings, struc-
tures or other improvements, or in connection with any
construction being conducted or which may be conducted
thereon, and owned by~Debtor, including all extensions,
additions, improvements, betterments, renewals, substitu-~
lions, and replacements to any of the foregoing and all of
the r fight, title and interest of Debtor in and to any such
personal property or fixtures together with the benefit of
any deposits or payments now or hereafter made on such
personal property or fixtures by Debtor or on its behalf
(the "Improvements");
(2) All rents, royalties, issues, profits, revenue,
income and other benefits from the property. described in
paragraph (1) hereof.
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~ (3) All right, title and interest of Debtor in~and
to any .and all leases, rents, royalties, issues, profits,
f revenues, income and other benefits now or hereafter derived
from or affecting the Land or Improvments, together with
all security therefor and all monies payable thereunder.
(4) (i) All property and fixtures affixed to or
located on the Land or Improvements; (ii) all articles of
personal property and all materials delivered to the Land or
Improvements for use in any construction being conducted
thereon, and owned by Debtor; and (iii) all contract rights,
general intangibles, actions and rights in action, including
without limitation thereto, all rights to insurance pro- ~
reeds. - `
(5) All proceeds, products, replacements, additions,
substitutions, renewals and accessions of any of the fore-
go ing . .
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BOGORK ~ PAGE 448
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