1. as a continuing security for the payment and discharge of the secured liabilities (as defined in the debenture), mj gleeson PLC with full title guarantee charges to lloyds bank PLC, by way of first legal mortgage, each property (as defined in the debenture); and 2. as a continuing security for the payment and discharge of the secured liabilities (as defined in the debenture), mj gleeson PLC with full title guarantee charges to lloyds bank PLC, by way of first fixed charge: (a) all properties acquired by mj gleeson PLC in the future; (b) all present and future interests of mj gleeson PLC not effectively mortgaged or charged under the preceding provisions of clause 3 of the debenture in, or over, freehold or leasehold property; (c) all its present and future goodwill; and (d) all the intellectual property (as defined in the debenture).