MAGELLAN RESIDENTIAL (PARC MONT) LIMITED

Any sum or sums for the time being standing to the credit of any present or future account of the company with the bank.

Any sum standing to the credit of any one or more of any present or future accounts of the companies or any of them with the bank (including any accounts held in the bank's name with any designation which includes the name(s) of the companies or any of them) whether such accounts be denominated in sterling or in a currency or currencies other than sterling.

By way of legal mortgage the land at freehold property known as pinehill court parc mont hotel 11 park avenue & land to the east of west avenue roundhay leeds west yorkshire comprising part of the land within t/n WYK361982, WYK3773, WYK466140 and WYK466218. Fixed charge all buildings and other structures fixed to the property fixed charge any goodwill relating to the property fixed charge all plant machinery and other items affixed to the property assignment of the rental sums together with the benefit of all rights and remedies fixed charge the proceeds of any claim made under insurance policy relating to the property floating charge all unattached plant machinery chattels and goods on or in or used in connection with the property or the business or undertaking at the property.

The f/h property k/a land at pinehill court parc mont hotel and 11 park avenue roundhay leeds t/n WYK361982 WYK3773 WYK466140 and WYK466218.

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill bookdebts uncalled capital buildings fixtures fixed plant and machinery.