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the operation of the Mortgaged Property, Mortgagor may, at its expense, remove and dispose of <br /> it and substitute and install other items not necessarily having the same function, provided, that <br /> such removal and substitution shall not impair the operating utility and unity of the Mortgaged <br /> Property. With respect to items which are a part of the Mortgaged Property, all items substituted <br /> for such items shall become a part of the Mortgaged Property and subject to the lien of this <br /> Mortgage. Any amounts received or allowed Mortgagor upon the sale or other disposition of the <br /> removed items of property shall be applied against the cost of acquisition and installation of the <br /> substituted items. Nothing herein contained shall be construed to prevent any tenant or subtenant <br /> from removing from the Mortgaged Property trade fixtures, furniture and equipment installed by <br /> it and removable by tenant under its terms of any one or more of the Leases, on the condition, <br /> however, that Mortgagor shall assure the repair of any and all damages to the Mortgaged <br /> Property resulting from or caused by the removal thereof. Mortgagee acknowledges that no <br /> items of personal property are included in the Mortgaged Property. <br /> 6.2. Fixture Filing. From the date of its recording, this Mortgage shall be effective as <br /> a financing statement with respect to all goods constituting part of the Mortgaged Property which <br /> are or are to become fixtures related to the real estate described herein. For this purpose, the <br /> following information is set forth: <br /> (a) Name and Address of Mortgagor: <br /> F &M Improvements, LLC <br /> 18489 Twin Lakes Road <br /> Elk River, MN 55330 <br /> Attention: Fred Trapp <br /> (b) Name and address of Secured Party: <br /> Housing and Redevelopment Authority in and for the City of Elk River <br /> 13065 Orono Parkway <br /> Elk River, MN 55330 <br /> Attention: Executive Director <br /> (c) This document covers goods which are or are to become fixtures. <br /> (d) The real estate to which such fixtures are or are to be attached is that <br /> described in Exhibit A attached hereto. <br /> 18 <br /> 477384v3 EL185-40 <br />