ex. 01-c - ucc financing statement

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EXHIBIT 1-C FILED: NEW YORK COUNTY CLERK 03/09/2017 09:49 PM INDEX NO. 850197/2016 NYSCEF DOC. NO. 38 RECEIVED NYSCEF: 03/09/2017

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EXHIBIT 1-C

FILED: NEW YORK COUNTY CLERK 03/09/2017 09:49 PM INDEX NO. 850197/2016

NYSCEF DOC. NO. 38 RECEIVED NYSCEF: 03/09/2017

FILED: NEW YORK COUNTY CLERK 09/27/2016 12:34 PM INDEX NO. 850197/2016

NYSCEF DOC. NO. 4 RECEIVED NYSCEF: 09/27/2016

FILED: NEW YORK COUNTY CLERK 03/09/2017 09:49 PM INDEX NO. 850197/2016

NYSCEF DOC. NO. 38 RECEIVED NYSCEF: 03/09/2017

NYC DEPARTMENT OF FINANCEOFFICE OF THE CITY REGISTER

This page is part of the instivment. The CityRegister will rely on the information providedby you on this page for purposes of indexingthis instrument The iuformatiou on this pagewill coutr~ol for indexing purposes in the eventof any conflict with the rest of the document,

2061~2~~1g250~5002EA9CA

RECORDING AND ENDORSEMENT COVER PAGE PAGE 1 OF 10

Document ID: 2006102001525005 Document Date: 10-20-2006 Preparation Date: 10-20-2006

Document Type; INITIAL UCC1 FIXTURE FILING

Document Pa e Count: 9PRESENTER: RETURN TO:

NEW YORK LAND SERVICES / SIDLEY AUSTIN LLPCOMMONWEALTH LAND TITLE INS. CO. ATTN: MICHAEL PESKOWITZ, ESQ.

630 THIRD AVENUE 787 SEVENTH AVENUE

NEW YORK, NY 10017 NEW YORK, NY 10019212-490-2277TITLE NO. 06NYM10579

PROPERTY DATA

Borough Block Lot Unit AddressMANHATTAN 1259 47 Partial Lot 12 WEST 44 STREET

Property Type: COMMERCIALREAL ESTATE

CROSS REFERENCE DATA

CRFN or Document ID or Year Reel Page or File Number

PARTIESDEBTOR: SECURED PARTY;

THE MANSFIELD HOTEL LLC COLUMN FINANCIAL, INC.

C/O ARK INVESTMENT PARTNERS LP,505 PARK 11 MADISON AVENUE

AVENUE, 21ST FLOOR NEW YORK, NY 10010

NEW YORK, NY 10022-1106

FEES AND TAXES

Mortgage Filing Fee:

Mort a e Amount: 0.00 $ 0.00

Taxable Mort a e Amount; 0.00 NYC Real Property Transfer Tax:_ _ $ 0,00Exemption: _

TAXES: Count Basic ; 0.00 NYS Real Estate Transfer Tax:$ 0.00Cit Additional: 0.00

S ec Additional : 0,00 RECORDED OR FILED IN THE OFFICEa,~~~~~~,"~~~~ OF THE CITY REGISTER OF THE

~~"'~ ~~~ ~`~"`~~. CITY OI+ NEW YORK''~ 1 ̀ ~ ~ ~ Recorded/Filed 10-31-200611:04

~~,'t, ~;;r i~;~r City Register FileNo.(CRFN):

`' ~~~ ` y ~`' ~` ° 2006000606814"°~~~: >`~f a,~

,`>t

TASF: 0.00MTA: 0.00NYCTA: 0.00Additional MRT: 0.00

TOTAL: 0.00Recordin Fee: 40.00i:~2-:.

Affidavit Fee; 0.00

City Register O ffZczal Signature

FILED: NEW YORK COUNTY CLERK 03/09/2017 09:49 PM INDEX NO. 850197/2016

NYSCEF DOC. NO. 38 RECEIVED NYSCEF: 03/09/2017

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UCC FINANCING STATEMENTFOLI I TRUCTIONS ho^t end b~ck~ ~ C~REFUI

A. NAME 6~ PHONE OF CONTACT AT FILER (optionaq

Mark Poole, Esq.B. SEND ACKNQWLEpOMENT T0: (Name end Addr

ISidley Austin LLP787 Seventh AvenueNew Yark, NY 10019

~I THE ABOVE SPACE 19 FQR FILIN(;

1, DEBTOR'S EXACT FULL LEGAL NAME - Inaart only pn~ deDror name tte a 10) • do not eWrevlot► a comNne names1 a.ORGAN IZAfION 5 NM1E

~' The MansficJd Hotel I,LCQR r... u~~..,n~ ~., m ~ .~..~..,~ morr uauc

c!o Ark Investment Partners LP, SUS Park Avenue, Fioar 21 ~ New York ~ NY ~ 10022

1d,7AX10K: 33NOREIN ADD'LINFOR~ 1e.TYVEOFORGANI2ATION ~tf.JURISDICTiDNOFOrtoMlI2A710N Itg.ORGANIZATIONAIIDN,KenyORGANIZATION

20-0857683 DE870R ~LLC ~Defaware ~ 3776607

2. AD~I~ 87017'S EXACT FULL L~OAI MAME - ~nMri any q.+ d~oar nano (Yr or 2b)- W not rb~wine a combine n~m~s

OR 2b. iN01VIDUAL'S LAST NAME

TE

ORGANIZATION088TOR

n~r~~ ■~.3. SH'r1JRE~ PAfCIY'$ NAME (a NAME d TOTAL A9914NEB of A99~ON6R Sly- Inasrt ony Opt jocund party nemr (es or

9a. ORGANI2ATI6M's N~rnE

C`nlurrtn Financ:iel. Inc.

v,y

~R 7b. INONIpUAI'9 U37 NAME FIRST NAME MIDDLE NAME SUFFIX

~c. IAAILINO ADDRESS

11 Madison Avenue

q7Y

New YnrkSTATE

NYPOSTAL CODE

10010COt1N7Rv

USA

a rm: FiruNctNc sr~,T~M~Nr wv~n m+ rawwu~y cauc.~ee

See Exhibit A, attached hertto and made a part hcrcof, for a description of the land,

See 5chadule ~►, attached hereto and made a part hereof, for a description of the collaural.

B.

g, OPiIONAI t11.ER REFERENCE OVITA

Ncw York County, NY

FIUNG OFFICE COPY— NATIONAL UGC FINANCING STATEMENT (FORM IFCCt) (REV. 07129J98)

FILED: NEW YORK COUNTY CLERK 03/09/2017 09:49 PM INDEX NO. 850197/2016

NYSCEF DOC. NO. 38 RECEIVED NYSCEF: 03/09/2017

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UCC FINANCING STATEMENTADDENDUM

9. NAME OF P~R!!T DEBTOR (ta or 1 D) OM RELATED ~INANCINO STATEMENT

Be, ORGMN2ATi0N'SNA1A~

oa ~ Mansfield Hote11.LC~86•INDIV70UAL5U18T.NAME FIR3TNAME Mli

tO.MISCELtANEOUS;

THE ABOVE SPACE IS FOR FII,INO QfFICE USE ONtY

11.AdDtTIONALD~BTOR~SExACTFULLLEGALNMAE•InartaNy~eneme tiaa~lby-damtabbravtateoraombinarNm~a+~,. oRciw~zAnpNS NNAE

~R itC.IN~tVIDUAI'StASTNAVAE FIRST NAME MI~OLENA1.tE 6UFFIX

11~,MAtLINGAp~RESS CITv SPATE P097ALCOPE COUFJTRY

11d. TAX ID k• SSN OR EIN ADD'L INFO RE 1 ~e. TYPE OF OgGANIL4TION 11LJURtsDICTION OFORGANIUTION 11 q.OR0ANIZATIONAL ID+t. d any

ORGAMI2ATlDNDE/TQR NONE

12. ADOITIONALSECUREDPARTY'S ~c ASSIGNORS/P'S NAME-Inwrtonlyml~name tY~ort2h12t.OR(iAN17ATIt3N'8 NRME

OR ~~ ~DNIDUAL'S1AS7NAME FIA57NAME MIODIElIAME SUFFI%

12c. MAN.MiG ADIXiE35 C~Ty 6TATE POSTAL CODE COUNTRY

13. TMs FlNANCIN6 STATEMENT tov~n limbs( io D6 Cul u aa-emraclad 16. AdGflbnal cdlu~eal Ceocrpllon:

oollaleral. a io flIW as ~ Q futon filing,

14. DauAptbn of nil ratato~,

The Mansfield Hotel32-14 West 44th StreetNew York, NY

Cotwty; Ncw York CountySection: 5Black: 1259lots: 47

1 B. Nsrti! Oho aOAr~i~ W t RECORD OWNER of Abovr006CnbaE Baal estate

(11 OWlu~daas not haw a reowd iMxellj:

17. Ctrrk aoUt H appllaEls ano check ppltc one 6ax.

pW10f h ~ Trust a Tru~M actlnp wqh ~tapwt to D~oD~rtY h~k in tN~l or D~c~d~nCs Eitlala

18. CMak mgt 8 rpp~bbh end check pu4[ any Cor.

~ DobtOtl~~1RANSMITTWOUTILiTY

1 Fled in connectbn Wlh a ManubUurod•Home Transnciion — sH~ctiw 90 Yiaro

Filed in cannwibn wllA a P1b11PFhu1q T~~NaCtlon — alhcYve 80 an

FIUNO OFFICE COPY—NATIONAL UCC FINANCING STATEMENT ADpEIVDUM (FORM UCC1Ad) (REV.07l29198)

FILED: NEW YORK COUNTY CLERK 03/09/2017 09:49 PM INDEX NO. 850197/2016

NYSCEF DOC. NO. 38 RECEIVED NYSCEF: 03/09/2017

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Ground Lease

THE MANSFIELD HOTEL LLC, pursuant to Indenture of Lease dated as ofSeptember 1, 1994 by and between Charles S. Zarucki, Baruch Mappa and SondraSilverberg (Zarucki, Mappa azld Silverberg, hereinafter "Original Lessors") andMansfield Hotel Associates, L.P., as evidenced and disclosed by Memorandum of Leasedated as of September 1, 1994 and recorded in the Office of the New York City Register,New York Coumty, on September 30, 1994 in Reei 2142, page 537, as amended byunrecorded non-disturbance agreement between Original Lessors and Mansfield HotelAssociates, L.P., dated December 1996, as further amended by unrecorded SecondAmendment to Lease dated June 1998 between Rese Zarucki, as Executrix of the Estate ofCharles S. Zar~cki, Baruch Mappa and Sondra Silverberg and Mansfield Hotel Associates,L.P., as ftuther assigned by Assigrunent and Assumption of Ground Lease, dated as ofJuly 1, 1998, made by Mansfield Hotel Associates, L.P. to PTG Mansfield 44 Trust, andrecorded in the Office of the New York City Register, New York County, on September9, 1998 in Reel 2702, page 2062, as further assigned, with respect to Ground Lessorsinterest, by operation of law pursuant to recording of deed dated December 3l, 1997 andrecarcied in the Qffice of the New York City Register, New York County, on January 25,1999, in Reel 2805, page 485 from Rose Zarucki, as Executrix of the Estate of DeceasedCharles S. Zarucki, Baruch Mappa and Sondra Silverberg to Mansfield A.ssaciates,L.L.C., as further assigned by Assignment end Assumption of Ground Lease betweenPTG Mansfield 44 Trust and The Mansfield Hotel LLC, dated as of May 19, 2004 andre~ard~d in the Office of the New York City Register, New York County, an July 4, 2004under City Register File Number {CRFN} 2004(}00395746.

Less~l Descriution

ALL that certain plot, piece or parcel of land situate, lying and being in the Borough ofManhattan, County, City and State of New York, boundod and described as folIaws:

BEGINNING at a point on the southerly side of 44~' Street distant 250 feet westerly fromthe southwesterly convex of S~' Avenue and 44~' Street;

RUNNING THENCE southerly para11e1 with said Avenue 100 feet 5 inches to the centerline of the block;

THENCE westerly along the center tine and pazallel with the southerly side of 44`~ Street,50 feet;

THENCE northerly para11e1 with said Avenue, 100 feet 5 inches to the southerly side of 44~'Street;

'Tf~NCE easterly along the southerly side of 44 x̀' Street, 50 feet to the point or place v#'$EGINNING.

FILED: NEW YORK COUNTY CLERK 03/09/2017 09:49 PM INDEX NO. 850197/2016

NYSCEF DOC. NO. 38 RECEIVED NYSCEF: 03/09/2017

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to UCC-1- Fins~eint Statement

Dcbtors THE MANSFIELD HQTE~, LLCirk Investrrnnt P~rtncrs I~P

505 Perk Avenue, 2I'~ FloorI~ew Yozk, New York 10022-1106

Secured Party: CO~,UMN FINANCIAL, INC.i l Madison Avenuc, 9~' FloarNcw York, New York 10410

All capitalizcd tcrnis used and not defincd hcrein shall havo the respectivemeanings ascribod thcreto in that certain Consolidattd, Amcnded and Rtsteted i.~eascholdMortgttgc, Assigmma~t of LeasEs and Rents, Security Agrt~ment ar~d Fixture Filing dated as of(7cbober ~,, 2006 by Debtor for the benefit of Secw~ed Forty with scspeet to the Property (hereinafter de~inod) (tho "Sxu~.~ cInatcument"},

This financing statement (ttus "Ficuuncin~ merit"} covers all of Debtor'sestate► right, title and interest in, to and under any acid all of the fallowing described property,whether now owned or hcroa#ter Acquirredd (collcciively referred to hcreut as, the "~nerty"};

(i) grid, All of Dobtor's leasehold estate croated under those certain GroundI.eaars listed on ~~~ ettachcd hereto and made a part hereof (collectively, the "GroaadLeaue") with rasped to that ccrtaln real prop~ny more particularly described on E~ibjt 1~attached hereto and incorporntcd hsrein by this reference (the "Land', together with (i) all ofthe easerr~onta, rights, privileges, firanchisos~ tenements, hereditameata and appurtenaricos now orhereafter thercunta belonging ar in anY ~Y aPP~~B and ell of the estate, right, title, intercet,claim and ~cmead whataoeva of Debtor therein or thcreto~ either at law or in equity, inpossession or in axpcctancy, now owned or hereaf3er acquired and (ii} with all credits, deposits,options, privileges end rights of Dcl~tor as tenant under the Crouud Lease including, withoutlimit$tion, the right tv ran~w or cxtcnci the Gmtmd Lceso far ~ succCedin~q term or terms (if anY)to the extent set forth therein;

(ii} Ad~it~'onal Lend. All additional lands, estates and development rightshereafter acquired by Debtor for ua~ in connection with the Land and the development of theLand sad all additional le~nciv aad estmtzs therein which may, from tuna tQ tirne, by supplementalmartgt~ge or otherwise, be expressly made subject to tha lien ofthis Security Instrument;

(iii). ~~rav~mart_s. The buildings, structures, $xtures, additions eiilargcrnents,extensions, modifications, repairs, reptacemcnts and improvanenta now ar heroafter erected orlocadcd an the Land (collectively, the "Imprnvemeob");

(;v) Eascrr~n~. All easements, rights-af-way or use, rights, strips and gores ofland, streets, ways, alioys~ passages, sewer rights, water, wat$r courses, water rights ar►d powers,air rights and devalc~p~ntnt rights, and all estates, rights, titics~ interests, ptivilcges, liberties,

rrri s9aesio

FILED: NEW YORK COUNTY CLERK 03/09/2017 09:49 PM INDEX NO. 850197/2016

NYSCEF DOC. NO. 38 RECEIVED NYSCEF: 03/09/2017

servitudes, ter~cmonts, hcrai~taments and appurtenanoes of any nature whatsoevcc, in any waynow or hereafter lxlon~ing, rclatiag ar pertaining to the Y.and and the Improvements and therevcRrsions and cemaind~ers, and all lwd lying in the bed of e~ny atreet~ road oe av~enuc, opcued orproposed, in front of ar sc~joining the Land to the ccnter ling tbercof and all the cstates, rights,titles, interests, rights of dower, rights of curtsey, property, possession, claim aad demAndwhatsoever, both at law and is~ equity, of Debtor of, in and to the Land and tho Impravemerrtsand every part az~d parccl thereof, with the appurtenances thereto;

(v) ~g ,~. All °`equipn~t," as such term is definod in Article 9 of theUniform Commcrcial Code (hcrciaaft~r defined), now owned or t~sftcc acquired by Debtor,which is used ac or in oonnecdon with the IsnprovemenLs or tk►e Lwd or is located thereon orthercin (including, but not limitcd to, ail machinery, fismitt~re, furnishings, aquipmant, computcrsaftwarc and hardware, fixt~uos (enchiding, wittaut limitateon, all besting, air conditioning,plumbi.ng~ lightiAg, comraunicationa and cicvator fixtures, Inventory and erticics of personalpzoperty and eccessians thcroaf and renewals, replacements thcreof and substitutions therefor, ifany (including, but not limited tp, all plumbing, lighting and clevator fixtures, officc furnituro,beds, burcaus, chiffonnier~, chests, chairs, desks, lamps, rnurors, bookcases, tables, rugs►carpctin& drapes, draperies, curtains, shades, venetian blinds, scrxns~ Paintin8s, hangings,pictu~r~s, divans, couches, luggaga its, luBgaBt raak~, stools, sofAs, chinaware, Sin~ns, pillows,blankets, glassware, foodcsrts~ cookware, dry cleaniag facilidea, dining room wagons, keys orother entry systems, bars. bar Extorts, liquor and other drink dispensers, icemakers, radios,television sets, intercom and paging equi~ent, e~ecVic and electmnzc equipment, dictatingoquipcncnt, private telephone aystans, modical oquipmcnt, potted A1ar~ts, h~ating~ lighting andplwnbing fixtures, firo prevention aad extinguishing apparatus, theft prtve~rtion equipment,coaling and aiz-conditioning systems, elevators, escalators> fittings, puts, apparatus stoves,rar:ges, rG&ig~rMors, laundry machines, tools, machinery, engines dynamos, motors, boilers,incinerators switchboards, eonduita, compressors, vacuum cleaning systems, floor ekauing,waxing and polisbivg equ~ipmeat, call systems, brackets, ~iggs, bulbs, lxlls, ash anti fuel,cvnvtyars, cabinets, lockrrs, shelv~iag. spotligming equipmmi, dishw~shors, gubnge disposals,w~hero and dryers), other customary hotel equipment, exer~i~a aquipmeAt and spa equipment,fiunis~ings, and elech~onic data-psuc.~ssing and atber offiao equipmont uow owrxd or hereafteracquired by Debtor and any and all add#dans~ aubstitutiona and rCpleccmcnts of aby of theforegoing and other proprzty of evary idnd and nature whatsoever owned by Debtor, or iri whichDebtor has oc shall have an intcrast, now or hcr~fter Iocat~d upon, or ia, and used in connoetianwith the Property or the Improvements, or appurtenant thvroto, and all building equipment,matorials and supplies of any nature whatsoever owned by Debtor yr in which Debtor has orshnU have an i~erest, now or htxedfter loca~oci upon, or in, wd usod in connection with theProperty or the Improvctt►arts ar appurtenant thtrcta and any and a!1 additions. subetitutiona Andreplse~nenis of any of the facegoing), together with all attachments, compon~ts, parts,oquipment end accessories itts~led theroan or a~'ixod the~oto {collecrively, the "Egaipmei~t"}.Notwithstanding the ~ora~oing, Equipment shall not iacludo any property lxlonging to ton~ntsua~der I.e~acs (hereinafter defined} or any other third-party (oth~cr than Manager} in each case,except to the extent that DcbWr shall havo any right or intera4t kherein;

(vi) Fixtures. All Equipment now owned, or the ownership of which is hereetteracquirod, by I7abtor which is so related to the Land anal Improvgnents forming part of theProperty that it is deemed fixtures or real properly under the law of the psrticuliu state in which

x~r~ ~s~io

FILED: NEW YORK COUNTY CLERK 03/09/2017 09:49 PM INDEX NO. 850197/2016

NYSCEF DOC. NO. 38 RECEIVED NYSCEF: 03/09/2017

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the Equipment is locatod, including, without limitation, all building or construction mgterialsinte~dcd far con~tniction, rcco~astrtsctian, altcratian or repair of vt igstallation on the Propertp,construction equipmant, appliances, m~chinery~ plant equipment, fittings, apparatu+es, fixtures

aad other it,~rns now or hereafter attached to, installod in or used in cont~ection with (temporarily

or parmanenUy) any of the Irnpravemcnts or the Land, inoltiding, but not limited to, engines,

devicos fpr the apa~ration of pumps, pipes, plumbing, call and sprinkler systems, fire

extinguishing agparatu~ea acid equipment, hosting, ventilerting, incinerating, electrical, air

conditioning and air cfloling equipm~t aad systems, gas end electric machinery, appurtenances

and oqui~ent, pojlution control equipment, security syaten►s, disposals, di~washcrs,refrigerators and reagea, recreational cgwpment and facilities of all kinds, and water, gas,

electrical, storm awd sanitary sewer facilities, utility lines and equipment (whether ows~cd

individually or jointly with others, and, if owned jointly, tv the extent of Aebtor's interest

therein) and all other utilities whether or not situated in easements, all water tanks, wat~cr 8upp1Y>water power sites, fuel stations, fuel tanks, fuel supply, and all other stnutures, together with allaccessions, appurtesu~nees, additions, replacements, betttrmerrts and substitutions for any of theforegoing and the proceeds thereof (callecti~vcly, the "F~tura'~. Notwithstanding theforegoing, "Fixtures" s}~all not include any properiy which tenaats arz entitled to removepursuant to Leetses or say other third-party (othtr than Manager) is sntitled to remove, except tothe extent that Debtor shall have any right or interest therein;

(vii) Persop~ Pr~,y. All furniture, furnishings, objects of art, machinery,goods, imcatory, foals, supplies, appliances, g~ncrai intangibics (including, without limitation,payment intangibles}, contract rights, aceouats, accounts receivable, franchises, licenses(inc}uding liquor iicons~s), certificates and permits (to the extent assignable), ar~d ail otherpersonal propezty of any kind or character whataower as dafsned in end subject to the pmvisions

of the Uniform Commercial Colo {as hereinafter defined), whath~r tangible or intangible, other

then Fixtures, which are now or hereafter owt~d by 17ebtor and which are locntod within or

about the Land and the irnpmvemants, together with all acce~s4ries, replacem~rtts and

substitutions t4~ereto or therefor and the ~ proceeds thereof (colloctivcly, tht "Peraos~sl

Proparty'~► attd the right, title and interest of Debtor in and to any of the Ptcsonal Propertywhich may be subject to .any security interests, as defined in the Uniform Comm~roia! Code, as

adopted and enacted by the state or states where any of iha Property is located (the "UniformCo~~ereh! Code"), superior in lien to the lien of this Sxurity Instrument and X11 proceeds andproducts of the above;

(viii) Leases All leases, sublcsscs cu subsublea~es, icttivaga~ licenses,concessions or other agroements (whetlxr writ~cn or oral. and whither now or hereinafter ine~ct) pursuant to which say Person is grawtcd n possessory iaterzst in, or right to use os occupy

all ar aay portion of the Land aid the Impravemonts, sod every modification, amendment orother agroan~nt relating to such le~sas~ subleases, subsvblaasva, tettin~, liee~sos, concessions orether a~reemonts entered into in connection with such lras~s, subka~es, subaubleases, lettings,licenaG~, conceasians ar other agreements and every guareateo of the perforn~unce andobservance of the covenants, co»ditions and agroements to be perfomxd and oburved by theother party thereto, hes~etafora or hcroaftcr entered info but expressly oxciudiag any GroundLease {~ollecti~ely, the "Leases"}, ~uvhether before or after the filing by or against i}ebtar of anypetition for relief under l 1 U.S,C. §l0l et seq., ee rho same may be amanded frcxn time to time(thv "g$nlmaptcy Codc'~ and all right, title end interest of Debtor, its successors end assigns

rn~ so6c6to

FILED: NEW YORK COUNTY CLERK 03/09/2017 09:49 PM INDEX NO. 850197/2016

NYSCEF DOC. NO. 38 RECEIVED NYSCEF: 03/09/2017

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therein aad thcreunder, including, witTwut limitatian, lettor-of-credit rights, cash or sccuritiesdeposited thereunder to azure the p~rfarmanoo by the 1cssCe~c of thcir obligations thereunder aada!1 rents (including, without limitation, all receivnblcs, revenues, rentals, cradit card receipts,receipts, cash an~i all payments racaived which rclak to the rental of guest roomy or moetiagroams or banquat eoom$ or reereatiorial ft~citities or bars, bevtrage or food sales, vendingmachines, mini-b$rs, room sorvica, telephone, .video and television systems, eleetronio moil,intarnet cotu~ections, guest tawdry, bars, the provision or sale of other goods and services, andall other Fayntonts raeived from guests or visitors of the Property, aid other items of revenue,rocoipta or incomo as identified in the Uniform System of Accounts, a!l cash or security dcnosits,lease termination payments, advance rentela end payments of similar nature and ~uarantee~ orother security held by Dobtor in connection therewith to the extent of Dobtor's right ar interesttherein and all rcraaindcrs, reversions and other rights and estatos appurtenant thereto, aad allbase, fixed, percentegc or additional rents, ~d othzr rents, rent equivalents, moneys payable asdamages or in lieu of rout or rcut equivalents, insurance prac~eeds, foes, accounts, profits(including, but not Bruited to, al! oil aid gas or other mineral roya3ties and bonuses), charges forservices rendered, issues and reb~►tes and mfunds or other paymetrts made by etty GovernmentalAuthority atom or relating to the Property, the Improvoments, the FF&E plus all rent, commonarea cha~'ges and any aid all payment aad consida~ation of whatever form or nature received byDebtor ar its agents oar employees from any and all sources relating to the use, enjoyment andoccupancy of tht Property, whother paid or accnung beforo or aRer the filing by or againstDebtor of any petition for relief under the B~nkkruptcy Cate, and othor consideration of whateverform or nature received by yr paid to or for the account of or benefit of Debts or its agents oremployees from any and a}1 sources arising from or attributable to the PmP~~Y, ~ P~~~ ifany, from businass intcmzptian or other loss of income it~u~anoe~ including, without limitation,alt hotel receipts, revenues and credit card receipts collected &vm guest rooms, roatsurants, bars,meeting rooms, banquet rooms and recrcatior~ facilities, $~1 rccoivablas, eustoma obligations,installment payment obligations and other obligations now existing or hcreafler aris~t~g of createdout of the sale, lease, sublease, license, c4nccssion or other grant of the right of the use andoecapaaey of the Property oc firing of services by Debtor or and+ opaatoe or marker of thehotel or the coaunercial space located in the Improvements or acquired from others (including,witiwut limitation, from the +rcnt~tl of any oRice apses, rctai! space, guest roams or other space,ha11~, stores, at~d afiixs, and deposits securing ro~ervetions of such apace), license, lease,sublease and concession foes and rentals, health club membership foes, food and btvcra~cwholeaak and retail sales, service charges, vending raachiYu sales and proceeds, if any, frombusiness iatcm~tioa or other loss of income ins~anuce), addidonal z~nts, revcnuas, issues sadprofits (including timber to be cut, all oil and gas ar other mineral royaltie9 and bonuses) fromthe Laad and the Tmpmvanenta whetltor paid or accruing before or aflvr the filing by or againstDebtor of any polities for relief under the Bankruptcy Code (callxtively, the "Ra►ts") and allpracteds from the sale or other disposition of the Leases and the right to receive and apply the~cnts to the payment of the Debt; '

(ix) Co~uieuu~ation ~werds. All Awards which may heretofore and hcreafler bemade with respect to the Property~ whether from the exercise of the right of eminent domain(including, but not limited to, any transfer made in lieu of or in anticipation of the exercise of theright), or for e change of grade, or for any othcx injury to or decrease its the value of the Property;

t~vt sv~~o

FILED: NEW YORK COUNTY CLERK 03/09/2017 09:49 PM INDEX NO. 850197/2016

NYSCEF DOC. NO. 38 RECEIVED NYSCEF: 03/09/2017

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(x) urar~e ~Q, All Insurance Proceeds in respact of the Property undornny Aolicies coveriu►g the Property, including, without limitation, the right to receive and appDythe proceeds of any Policies, judgments, or settlements msdo in lieu thereof, in aonnecrion with sCasuahy to the Property (subject to the terms of the Ground Lcasc);

(xi) Tax Cefiorasi. Ail refunds, rob+~tes or credits in connection with reduction inTaxes or Other Cbargcs charged against the Property;

(~cii) ~pnv~sion, A11 procaais of the conversion, voluntary or involuntary, of anyof the foregoing including, without limitation, Insurance Proceeds and Awards, irrto cash ort9quiaaUon claims;

(xiii) ~t~. The right, in the name and on behalf of Dobtor, to appear in anddefend any action ar proceeding brought with respect to the Property and W commence anyaction or procoeding to protxt the interest af~Secured Pt~rrty in the Proprerty;

(xis) Aarecmcnts. To tho extent assignable, all agieemcnts, contracts, certificataa,instnunents~ fi~anChises, permits, licenses (including liquor lic~nscs), plans, specifications andothcz documents, now or hereAfter entered into, end all rights therein and thereto, rospe~ting arpertaining to the use, occup~tian, canstruction~ management or operation of the Land and anypart thereof and say Impmvema►ts or any business or activity conducted nn the Lmnd and anypert th~raof and all right, title and interact of Dtbtor therein and thcaeunder, including, withoutlimitation, the right, upoc~ the happening of any default hereunder, to receive end collect anysums payable to Debtor thereunder;

tom) T kg. A11 tradonames, trademarks, scrviccmarks, lobos, ~PYnBh~~goodwill, books and records and all ~thcr general intangibles relating to or used in connectionwith the operation of the Property;

(xvi) ~g_u„~t . All reservts, escrows and deposit accounts maintained by Deb#orwith respect to the Progecty, ine}uding, without limitation, al! accoca~ts established or maintainedpursuau~t to (i) the Cash M~nagcment Agreement soli {n} the Lc~ckbox Agreement; togetteer withall deposits or wiry transfers made to such accowrts and all c$sh, checks, drafts, certific~tte~,socuriaos, investinent PmP~Y. 6nan~cial assets. instrumeaw and other property held therein &oqntime to time and all proceeds, products, distributions or dividends or substitutions thereon endthereof;

(xvi~~ Ground Lessc. All rights of Debtor'as lessee under the t3lnurrd Lease,including without limitation, all rights to terminstc or cancel the Cmouted L~ and any option orright to purchase or redeem the interests of the lessor under the Ground Lease; and

(xviii) Qthar Rights. Any and all other rights of Debtor in and to the items setforth in Subsections (i) througt► {xviii) above;

ANU without limiting any of the other provisions of this Security Instnamcnt, to the extentporrnitted by applicably law, Debtor expressly grants to Secured Party , as secured pally, asecurity interest in the portion of the Property which is or may be subject to the provisions of theUniform Commercial Code which aro ~plicable,to secw~ed trenasctions; it being understood and

sNYl l986CI0

FILED: NEW YORK COUNTY CLERK 03/09/2017 09:49 PM INDEX NO. 850197/2016

NYSCEF DOC. NO. 38 RECEIVED NYSCEF: 03/09/2017

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agreod that the Improvements and Fixtures are part and parcel pf the Lend (the Land, thaImprovt;merits acui the Fixtures collectively referred tv as the "Real Prop~rty'~ eppropri~ted tothe use thereof end, whether affixed or annextd to the Real Proporty or got, shall for thepurpc~aes of thin Sorority Instrument be docrocd conclusively to be real estate and mortgagedhereby,

Without limiting the generality of ttX foregoing, in t}u avant tl~e~t e case under theBarilw~bcy Code is coaunenccd by or ~gwast Debtor pw~suant to SectSon 552(bx2) of theB~uptcY Codo. the seeutity interest gracrttd by the Security Irtstivment shall automaticallyextend to all Reu~a acquired by the Debtor after the commencoment of tie case aid shallconstitute cash collr►teral under Sxtion 363{a) of the Bankruptcy Gods.

Nri svbea~o

FILED: NEW YORK COUNTY CLERK 03/09/2017 09:49 PM INDEX NO. 850197/2016

NYSCEF DOC. NO. 38 RECEIVED NYSCEF: 03/09/2017