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The term "Indebtedness" as used in this Mortgage shall mean (1) the 1998 Financing ~.-•- Payments (as defined in the Agreement) required to be made by the Mortgagor in respect of the 1998 Certificates and the 1998 Loan pursuant to and subject to the limitations set forth in the Agreement; and (2) the Financing Payments relating to any series of Additional Certificates, pursuant to and subject to the limitations set forth in the Supplemental Agreement pursuant to which such series of Additional Certificates are executed and delivered. To secure payment of the Indebtedness and performance of all obligations of Mortgagor under this Mortgage and the Agreement, Mortgagor mortgages and conveys to Mortgagee: - o(1) the Mortgagor's undivided sixty eight and seventy-one one-hundreds percent (68.71 /o) interest in the Property; (2) the Mortgagor's interest in and to any fixtures now existing or hereafter installed on or in the Property; (3) all improvements now existing or hereafter constructed thereon (the "Improvements"); (4) all of Mortgagor's right, title and interest in and ~to all rents, revenues, income, issues and profits from such Property, whether now or hereafter due; and (5) all accessions, parts or additions to, all replacement of and all substitutions for any of such property, and all proceeds, including casualty insurance proceeds, derived therefrom. Notwithstanding anything expressed or implied herein to the contrary, the lien created by this mortgage is not intended to, nor shall it, attach to the Transit District's undivided thirty one and twenty-nine one-hundredths percent (31.29%) interest in the Properiy or the Transit District's interest in any item of property described in (2) through (5) above; rather, the only interest covered by the lien of this mortgage is the Mortgagor's undivided sixty eight and seventy-one one- hundredths percent (68.71 %) interest in the Property and the Mortgagor's interest in the other items of property described in (2) through (5) above. THIS MORTGAGE IS GRANTED PURSUANT TO THE AUTHORITY CONFERRED UPON THE MORTGAGOR PURSUANT TO ORS 271.390. PURSUAIYT TO ORS 271.390, THE LIEN OF THIS MORTGAGE IS VAL[D AND BINDING FROM THE T[ME THIS MORTGAGE AND THE AGREEMENT ARE ENTERED INTO, AND THE MORTGAGOR'S [NTEREST [N THE PROPERTY IS IMMEDIATELY SUBJECT TO THE LIEN OF THIS MORTGAGE WITHOUT PHYSICAL DELIVERY, FILING OR ANY OTHER ACT, AND THE LIEN OF THIS MORTGAGE SHALL BE SUPERIOR TO ALL OTHER CLAIMS AND LIENS OF ANY KIND WHATSOEVER. i ~...._- 1v10RTGAGE PAGE Z