THE MORTGAGE CORPORATION: Mortgages

Ash house bridge road bleadon weston-super-mare avon t/n-AV130936, 20 queens rise and garage tutbury burton on trent t/n-SF280644, "koala" laughan road salehurst t/n-ESX15679.. See the mortgage charge document for full details.

The beneficial and equitable interest of the company in the properties details of which are set out in the schedule attached to form M395 comprising the premises as defined in the option agreements dated 14/1/97 providing for the sale and purchase of the properties as varied by a variation agreement of 25/6/97, the properties being: flat 11 st joseph's court forest view chingford t/n EGL208338; 157 vivian way wembley t/n MX447228 and 16 tenby drive luton t/n BD12929, for details of further property charged please refer to form M395.

The beneficial and equitable interest of the company in the properties being those set out in the schedule to form M395 comprising the premises as defined in the option agreements dated 14/1/97 providing for the sale and purchase of the properties varied by a variation agreement of 25/6/97, the properties being:49 easingwold gardens luton and garage t/n BD11519; the pines hay green road terrington st clement norfolk t/n NK97260, 72 betsham road maidstone kent t/n K560427, for details of further properties charged please refer to form M395.

All rights and claims to which the company has at the date of the floating charge and all entitlement in relation to the monies standing to the credit of bank account 00884243 with barclays bank PLC (the "account"). See the mortgage charge document for full details.

All present and future interest in and to the shares and the shares rights.

First fixed charge the deposit monies as continuing security for the secured sums which means all monies from time to time held to the credit of the chargor by the bank on the account. See the mortgage charge document for full details.

Any sums advanced by the purchaseres pursuant to the support agreements any claims against any of the issuers or insurers any sumd recieved from any sub-issuer or applicable insurer.

Floating charge over the whole of the company's undertaking and assets present and future. See the mortgage charge document for full details.

The sum of £11,792,726 and any other sum or sums which and from time to time deposited (see form 395 for full details).

First floating charge the mortages and each of them and all its rights title interest and benefit present and future therein subject to the rights of redemption of the borrowers (see form 395 for further details).

All the mortgagor's right title interest and benefit present and future under an agreement dated 26/2/88 (see from 395 for further details).