The borrower charges by way of legal mortgage, fixed charge and equitable mortgage all estates or interests in any property now owed by it or in the future.. Schedule 1 refers to real property as land on the east side of laindon road, manchester M14 5QP and land lying to the south side of daisy bank road, manchester M14 5QP, leasehold, title absolute, title number: MAN408406 and GM766065. A charge of any property includes all buildings, fixtures, fittings and fixed plant and machinery on the property and the benefit of any covenants for title given or entered by any predecessor in title of the borrower.. The borrower charges by way of a first fixed charge: its interests in all investments, all plant and machinery owned by the borrower and its interest in such, all of its rights in respect of any contract or policy of insurance taken out by it or on its behalf, all of its intellectual property rights its goodwill, the benefit of any authorisation held in connects with its use of security asset, the right to recover and receive compensation, its uncalled capital. The borrower charges by way of a first floating charge all of its assets not otherwise effectively mortgaged, charged or assigned under a legal charge or by way of fixed mortgage, charge or assignment. The lender may by notice to the borrower convert the floating charge into a fixed charge if: an event of default is continuing, the lender considers those assets to be in danger of being seized or sold under any form of distress, attachment, execution or other legal process or to be otherwise in jeopardy. The floating charge may not be converted into a fixed charge by sole reason of obtaining of a moratorium or anything done with a view of obtaining a moratorium . the floating charge may automatically convert into a fixed charge if an administrator is appointed.

Land known as land on the east side of laindon road, manchester M14 5QP and land lying to the south side of daisy bank road, manchester M14 5QP registered under title numbers MAN408406 and GM766065.

The land to the south of daisy bank road and to the east of laindon road manchester edged red on plan 1 annexed to the instrument and forming part of title numbers GM766065 and MAN408406.

A fixed charge over land on the east side of laindon road, manchester, M14 5QP and land lying to the south side of daisy bank road, manchester, M14 5QP.