ALEXANDERS INC
<DOCUMENT>
<TYPE>EX-10.56
<SEQUENCE>9
<FILENAME>ex1056.htm
<TEXT>

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<b><font face="serif">Exhibit 10.56</font></b></td></tr></table>

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<p align="center"><font face="serif">ALEXANDER&#146;S REGO SHOPPING
  CENTER, INC., <br>
  a Delaware corporation</font></p>
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<font face="serif">Mortgagor</font><br>
<br>
<font face="serif">and</font></td></tr></table>
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    <font face="serif">U.S. BANK NATIONAL ASSOCIATION</font>
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<font face="serif">a national banking association,</font></td></tr></table>

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<font face="serif">as Bank</font></td></tr></table>


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    <font face="serif">(the &#147;Mortgagee&#148;)</font>
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<font face="serif">AMENDED AND RESTATED MORTGAGE, SECURITY AGREEMENT, FIXTURE <br>
FILING AND ASSIGNMENT OF LEASES AND RENTS</font></p>
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<font face="serif">Dated as of March 10, 2009</font></td></tr></table>

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  _______________________________________
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<font face="serif">This instrument affects real and personal property commonly <br>
known as 96-05 Queens Boulevard, Queens, New York, having a <br>
tax map designation of Block 2084, Lot 101 in the County of Queens. </font></p>
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<font face="serif">RECORD AND RETURN TO:</font><br>
<br>
<font face="serif">Halloran &amp; Sage LLP </font><br>
<font face="serif">One Goodwin Square </font><br>
<font face="serif">225 Asylum St.</font><br>
<font face="serif">Hartford, CT 06103</font><br>
<font face="serif">Attention: James P. Maher, Esq.</font></td></tr></table>


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<font face="serif">AMENDED AND RESTATED MORTGAGE, SECURITY AGREEMENT, FIXTURE FILING<br>
</font><font face="serif">AND ASSIGNMENT OF LEASES AND RENTS</font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">THIS AMENDED AND RESTATED MORTGAGE, SECURITY AGREEMENT, FIXTURE FILING AND ASSIGNMENT OF LEASES AND RENTS (this &#147;</font><b><font face="serif">Mortgage</font></b><font face="serif">&#148;) made as
of March 10, 2009 by ALEXANDER&#146;S REGO SHOPPING CENTER, INC., a Delaware corporation having an office and a mailing address at c/o Vornado Realty Trust, 888 Seventh Avenue, New York, New York 10019 (</font><b><font
face="serif">Mortgagor</font></b><font face="serif">&#148;), in favor of U.S. BANK NATIONAL ASSOCIATION, a national banking association having a place of business and a mailing address at One Post Office Square, 29</font><sup><font
face="serif">th</font></sup><font face="serif"> Floor, Boston, Massachusetts 02109 (&#147;</font><b><font face="serif">Mortgagee</font></b><font face="serif">&#148;).</font></p>
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<u><font face="serif">W I T N E S S E T H</font></u><font face="serif">:</font></td></tr></table>

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">WHEREAS, Mortgagor is the owner of fee title to a parcel of land situated in the Borough of Queens, County of Queens, State of New York, being more particularly described in </font><u><font
face="serif">Schedule A</font></u><font face="serif"> attached hereto and incorporated herein, together with the building, structures and improvements situated thereon, being commonly known as 96-05 Queens Boulevard; and </font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">WHEREAS, Mortgagee is the holder of that certain Amended, Restated and Consolidated Mortgage and Security Agreement dated May 12, 1999 by and between Mortgagor and The Chase Manhattan Bank, recorded
on June 7, 1999 in Reel 5263, Page 2302, in the Office of the City Register of the City of New York, Queens County, and assigned to State Street Bank and Trust Company, as Trustee for the Registered Holders of Chase Manhattan Bank-First Union
National Bank Commercial Mortgage Trust, Commercial Mortgage Pass Though Certificates Series, 1999-1, pursuant to an Assignment of Mortgages dated October 10, 2000 and recorded November 22, 2000 in Reel 5727, Page 0118 in the Office of the City
Register of the City of New York, Queens County, and assigned on or about the date hereof to Mortgagee (the &#147;</font><b><font face="serif">Existing Mortgage</font></b><font face="serif">&#148;); and</font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">WHEREAS, the Existing Mortgage consolidates a certain Building Loan Mortgage, Assignment of Leases and Rents and Security Agreement dated March 29, 1995, recorded on March 30, 1995 in Reel 4097, Page
746 in the Office of the City Register of the City of New York, Queens County and a certain Project Loan Mortgage, Assignment of Leases and Rents and Security Agreement dated March 29, 1995 and recorded on March 30, 1995 in Reel 4097, Page 780 in
the Office of the City Register of the City of New York, Queens County, which consolidated mortgages and assignments thereof are set forth on </font><u><font face="serif">Exhibit A</font></u><font face="serif"> hereto, to for a single lien in the
amount of &#36;82,000,000.00; and</font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">WHEREAS, Mortgagee is the owner and holder of the notes secured by the Existing Mortgage (collectively, the &#147;</font><b><font face="serif">Existing Note</font></b><font face="serif">&#148;); and
</font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">WHEREAS, Mortgagor acknowledges and certifies that, as of the date hereof, there is due and owing on the Existing Note, and secured by the Existing Mortgage, the unpaid principal amount of
&#36;78,245,641.77, interest having been paid in full through the date hereof; </font></p>

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<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, Mortgagor acknowledges and certifies that, as of the date hereof, there are </font><font face="serif">no defenses or offsets to the Existing Note or the Existing Mortgage; and</font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">WHEREAS, it has been agreed by and between Mortgagor and Mortgagee that the Existing Note shall be amended and restated in its entirety pursuant to the terms of the Note (as hereinafter defined) and
that the Existing Mortgage shall be amended and restated in its entirety as hereinafter set forth.</font></p>
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<font face="serif">NOW, THEREFORE, TO SECURE THE PAYMENT when and as due of the sum of <b>SEVENTY EIGHT MILLION TWO HUNDRED FORTY FIVE THOUSAND SIX HUNDRED FORTY ONE DOLLARS AND 77/100 DOLLARS</b> (&#36;78,245,641.77)
or so much thereof as may be advanced (the &#147;<b>Loan</b>&#148;) pursuant
to the terms of that certain Loan Agreement of even date herewith
between Mortgagor and Mortgagee (as the same may be amended,
restated or supplemented from time to time, the
&#147;<b>Loan Agreement</b>&#148;),
together with interest thereon to be paid according to the terms
of the Loan Agreement and the Note, together with all other sums
recoverable by Mortgagee under the terms of the Loan Documents
(as hereinafter defined), including, without limitation, interest,
default interest, late charges, prepayment premiums and any sums
advanced by Mortgagee in accordance with the Loan Documents to
protect or preserve the Mortgaged Property, together with all
existing and future liabilities of Mortgagor to Mortgagee under
the Loan Documents, together with all existing and future liabilities
of Mortgagor to Mortgagee, if any, under any instrument, document
or agreement which now or hereafter evidences an interest rate
hedge agreement, if any (said indebtedness and interest due under
the Note and all other sums due hereunder, under the Note and
the other Loan Documents, or under any interest rate hedge agreement
are herein being hereinafter collectively referred to as the &#147;<u>Indebtedness</u>&#148;);
and to secure the full and prompt performance of each obligation
of Mortgagor contained herein or in the Loan Documents, Mortgagor
has mortgaged, given, granted, bargained, sold, alienated, enfeoffed,
conveyed, confirmed, warranted, pledged, assigned, and hypothecated
and by these presents does hereby mortgage, give, grant, bargain,
sell, alien, enfeoff, convey, confirm, warrant, pledge, assign
and hypothecate unto Mortgagee the following:</font></p>
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    <font face="serif">THE MORTGAGED PROPERTY</font>
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<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All of Mortgagor&#146;s right, title and interest in and to the following </font><font face="serif">described premises situated in the Borough of Queens, County of Queens, State of New York, to wit:  The land described in detail in <u>Schedule A</u> (the &#147;<b>Land</b>&#148;) which
is attached hereto and incorporated herein and made a part of
this document for all purposes. </font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(B)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><b><font face="serif">TOGETHER WITH </font></b><font face="serif">all of Mortgagor&#146;s right, title and interest in and to (1) all the buildings, structures and improvements of every
nature whatsoever now or hereafter situated on the Land, and (2) all building materials, supplies and other property stored at or delivered to the Land or any other location for incorporation into any of the aforesaid buildings, structures and
improvements, and (3) all fixtures, machinery, appliances, equipment, furniture and personal property of every nature whatsoever located in or on, or attached to, and used or intended to be used in connection with or with the operation of, the Land,
any such buildings, structures or other improvements, or in connection with any construction being conducted or which may be conducted thereon (including, but not limited to, any and all such appliances;</font></p>
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<font size=2 face="serif">2</font></p>

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<font face="serif">furniture; carpeting; floor coverings; draperies; window coverings; furnishings; fences; partitions; generators; doors; windows; millwork; overhead doors; screens; storm windows and doors; locks; hardware; shades; awnings; motors;
engines; boilers; tanks; water heaters; pumps; furnaces; heat registers; radiators; thermostats; plumbing; sinks; water closets; basins; faucets; elevators; switchboards; cleaning, vacuum and sprinkler systems; fire extinguishing apparatus and
equipment; water tanks; lighting, heating, ventilating, air conditioning and air cooling





systems,



facilities,



units,



apparatus and



equipment;



incinerating,



communicating and




refrigerating equipment; water, gas, telephone and electric supply fixtures, machinery, ducts, piping, wiring, conduits, appurtenances and equipment; alarm and security systems; electronic intercommunication system; maintenance
and cleaning equipment and supplies; lumber, insulation, structural steel, roofing, flooring, concrete panels, cement, blocks, bricks, stone, paint, nails, screws, and all other construction and building materials (including, but not limited to,
those acquired by Mortgagor and stored in warehouses with Mortgagee&#146;s approval) and parking lot lighting), and all extensions, additions, improvements, betterments, renewals, substitutions and replacements to any of the foregoing, and all
right, title and interest of Mortgagor in and to such personal property and fixtures, whether as owner, chattel lessee or otherwise, it being understood and agreed that all such personal property and fixtures are and at all times shall be part and
parcel of the real property encumbered hereby and appropriated to the use thereof and, whether or not affixed or annexed to such real property, to the fullest extent permitted by law, are and at all times shall be conclusively deemed to be fixtures,
a part of the real property and a part of the security provided hereby (all of the property described in this paragraph (B) being hereinafter collectively called the &#147;</font><b><font face="serif">Improvements</font></b><font
face="serif">&#148;). </font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(C) </font><b><font face="serif">TOGETHER WITH </font></b><font face="serif">all estate, right, title and interest of Mortgagor, of whatever character, whether now owned or hereafter acquired, in and
to (1) all streets, roads and public places, open or proposed, in front of or adjoining the Land, and the land lying in the bed of such streets, roads and public places, and (2) all other sidewalks, alleys, ways, passages, water courses, strips and
gores of land adjoining or used or intended to be used in connection with any of the property described in paragraphs (A) and (B) hereof, or any part of such property. </font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(D) </font><b><font face="serif">TOGETHER WITH</font></b><font face="serif"> all easements, rights-of-way and rights of use or passage, public or private, and all estates, interests, benefits, powers,
rights (including, without limitation, any and all lateral support, drainage, slope, sewer, water, air, mineral, oil, gas and subsurface rights), privileges, licenses, profits, royalties, tenements, hereditaments, reversions and subreversions,
remainders and subremainders and appurtenances whatsoever in any way belonging, relating or appertaining to any of the property described in paragraphs (A), (B) and (C) hereof, or any part of such property, or which hereafter shall in any way
belong, relate or be appurtenant thereto, whether now owned or hereafter acquired by Mortgagor. </font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(E) </font><b><font face="serif">TOGETHER WITH,</font></b><font face="serif"> but subject to Borrower&#146;s right hereby given to collect and use same so long as no Event of Default has occurred and
is continuing, (1) any and all judgments, settlements, claims, awards, insurance proceeds and other proceeds and compensation, and interest thereon (collectively, &#147;</font><b><font face="serif">Compensation</font></b><font face="serif">&#148;),
hereafter made or to be made or hereafter payable in connection with any casualty or other damage to the property described in paragraphs (A), (B), (C) and (D) hereof, any part of such property or any rights appurtenant thereto, or in connection
with any condemnation proceedings affecting such property or rights or any taking under power of eminent domain (or any conveyance in lieu of or under</font></p>
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<font face="serif">threat of any such taking) of such property or rights, including, without limitation, any and all Compensation for change of grade of streets or any other injury to or decrease in the value of such property or rights, (2) any and
all proceeds of any sales, assignments or other dispositions of such property or rights, (3) any and all refunds of insurance premiums, taxes, assessments, water charges, sewer rents or other impositions in respect of such property or rights, (4)
all accounts receivable, contract rights, general intangibles, permits, licenses, approvals, actions and rights in action, including, without limitation, all rights to insurance proceeds and unearned or refunded insurance premiums arising from or
relating to (a) any such property or rights, and (b) all rights, benefits and privileges of Mortgagor from time to time existing under or with respect to any and all contracts and agreements for planning or design of the Improvements, construction
of the Improvements or supply of materials in connection with such construction (including but not limited to all soil tests, reports, appraisals, feasibility studies and engineering reports relating to the Land or the Improvements), and (5) all
proceeds, products, replacements, additions, substitutions, renewals, accessions, accretions and relictions of and to such property or rights.</font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(F) </font><b><font face="serif">TOGETHER WITH </font></b><font face="serif">all rents, royalties, issues, profits, revenues, income and other benefits to which Mortgagor may now or hereafter be
entitled from the property described in paragraphs (A), (B), (C), (D) and (E) hereof or any part of such property, to be applied against the Indebtedness and other sums secured hereby; </font><u><font face="serif">provided</font></u><font
face="serif">, </font><u><font face="serif">however</font></u><font face="serif">, that permission is hereby given to Mortgagor, so long as no Event of Default (as hereinafter defined) shall have occurred and be continuing, to collect and use such
rents, royalties, issues, profits, revenues, income and other benefits as they become due and payable, but not in advance thereof. The foregoing assignment shall be fully operative without any further action on the part of either party, and
specifically Mortgagee shall be entitled, at its option upon the occurrence of an Event of Default, to all such rents, royalties, issues, profits, revenues, income and other benefits whether or not Mortgagee takes possession of such property. Upon
the occurrence of an Event of Default, the permission hereby given to Mortgagor to collect such rents, royalties, issues, profits, revenues, income and other benefits shall terminate. Neither the exercise of any rights under this paragraph by
Mortgagee nor the application of any such rents, royalties, issues, profits, revenues, income or other benefits to the Indebtedness and other sums secured hereby, shall cure or waive any Event of Default or notice of any Event of Default hereunder
or invalidate any act done pursuant hereto or to any such notice, but shall be cumulative of all other rights and remedies. </font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">The foregoing provisions hereof shall constitute an absolute and present assignment of the rents, royalties, issues, profits, revenues, income and other benefits of or from the property described in
paragraphs (A), (B), (C), (D), (E) and (F) hereof, or any part of such property, subject, however, to the conditional permission given to Mortgagor to collect and use such rents, royalties, issues, profits, revenues, income and other benefits as
hereinabove provided; and the existence or exercise of such right of Mortgagor shall not operate to subordinate this assignment to any subsequent assignment, in whole or in part, by Mortgagor, and any such subsequent assignment by Mortgagor shall be
subject to the rights of Mortgagee hereunder. </font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(G) </font><b><font face="serif">TOGETHER WITH </font></b><font face="serif">all right, title and interest of Mortgagor in and to any and all leases, subleases, occupancy, purchase and sale or similar
agreements (collectively, &#147;leases&#148;) now or hereafter on or affecting the property described in paragraphs (A), (B), (C), and</font></p>
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<font face="serif">(D) hereof, or any part of such property, together with all security therefor (including, without limitation, any and all right, title and interest of Mortgagor in and to property of any tenant or other party under any such lease,
and all cash or security deposits, advance rentals and deposits or payments of a similar nature thereunder) and together with all moneys payable thereunder, and all books and records which reflect payments made under the leases and all security
therefor, subject, however, to the conditional permission hereinabove given to Mortgagor to collect the rents, income and other benefits arising under any such lease. Mortgagee shall have and is hereby granted the right, at any time and from time to
time after the occurrence and during the continuance of an Event of Default, to notify any lessee, sublessee, licensee, occupant or purchaser of the rights of Mortgagee as provided by this paragraph. </font></p>
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<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(H) <b>TOGETHER WITH</b> any and all further or greater estate, right, title, interest, claim and demand whatsoever of Mortgagor, whether now owned or hereafter acquired, in or to any of the property described in the foregoing paragraphs or any rights or interests appurtenant thereto.</font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">All of the property described in paragraphs (A), (B), (C), (D), (E), (F), (G) and (H) above, and each item of property therein described, is herein referred to as the &#147;Mortgaged Property.&#148;
Notwithstanding any contrary provision, the Mortgaged Property shall not be deemed to include the collateral under the Pledge Agreement (as defined in the Loan Agreement).</font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><font face="serif">TO HAVE AND TO HOLD </font></b><font face="serif">the Mortgaged Property, with the privileges and appurtenances thereof, unto Mortgagee, its successors and assigns forever, to its and their own
proper use and behoof. </font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><font face="serif">AND ALSO, </font></b><font face="serif">Mortgagor, for itself and its successors and assigns, covenants with and warrants to, Mortgagee, its successors and assigns, that at and until the ensealing
of these presents, Mortgagor is well seized of the Land, those Improvements constituting real property and all other real property intended to be encumbered by this Mortgage as a good indefeasible estate in fee simple, that Mortgagor has good and
absolute title to all other Mortgaged Property, that Mortgagor has good right to give, grant, bargain, sell, assign and confirm the Mortgaged Property in manner and form as is above written, and that the Mortgaged Property is free and clear of all
liens, encumbrances and exceptions to title whatsoever (except as set forth in </font><b><u><font face="serif">Schedule B</font></u></b><font face="serif"> attached hereto and made a part hereof (hereinafter referred to as &#147;</font><b><font
face="serif">Permitted Encumbrances</font></b><font face="serif">&#148;));</font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><font face="serif">AND FURTHERMORE, </font></b><font face="serif">Mortgagor does by these presents bind itself, its administrators and its successors and assigns forever to </font><b><font face="serif">WARRANT AND
DEFEND</font></b><font face="serif"> the Mortgaged Property to Mortgagee, its successors and assigns, against all claims and demands whatsoever, except for the Permitted Encumbrances. </font></p>
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<b><font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;THE CONDITION OF THIS MORTGAGE IS SUCH </font></b><font face="serif">that:</font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><font face="serif">WHEREAS, </font></b><font face="serif">this Mortgage secures, inter alia, present and future advances, if any, made by Mortgagee pursuant to the Loan Documents, up to a maximum principal amount of
the Loan, together with all interest thereon. Notwithstanding anything contained herein to the contrary, the maximum amount of principal indebtedness secured by this Mortgage at the time of execution</font></p>
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<font face="serif">hereof or which any contingency may become secured by this Mortgage, at any time hereafter is &#36;78,245,641.77 plus (a) taxes, charges or assessments which may be imposed by law upon the Mortgaged Property; (b) premiums on
insurance policies covering the Mortgaged Property; (c) expenses incurred in upholding the lien of this Mortgage, including but not limited to (1) the expenses of any litigation to prosecute or defend the rights and lien created by this Mortgage,
(2) any amount, cost or charges to which Mortgagee becomes subrogated, upon payment, whether under recognized principles of law or equity, or under express statutory authority, and (3) interest at the Default Rate.</font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b><font face="serif">WHEREAS, </font></b><font face="serif">Mortgagor represents and warrants that it has full power and authority to execute and deliver the Loan Agreement, the Note, this Mortgage and all other
documents and instruments required of it by Mortgagee in connection with the making or giving of the Loan; and</font></p>
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<b><font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AND WHEREAS, </font></b><font face="serif">Mortgagor covenants and agrees with Mortgagee as follows:</font></p>
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<b><u><font face="serif">ARTICLE 1.</font></u></b></p>
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<b><u><font face="serif">GENERAL COVENANTS AND WARRANTIES</font></u></b></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">1.1 </font><b><u><font face="serif">Performance of Mortgagor&#146;s Obligations</font></u></b><font face="serif">. Mortgagor shall duly, punctually and fully pay, do and perform all obligations and
things on its part to be paid, done or performed under the Note, under this Mortgage, under the Loan Agreement and under any other instrument which refers to or secures the Note and under any instrument, document or agreement which now or hereafter
evidences a interest rate hedge agreement, if any. Mortgagor shall promptly pay to Mortgagee when due all Indebtedness. Time is of the essence hereof subject to the notice, grace and cure periods provided in the Loan Documents.</font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">1.2 </font><b><u><font face="serif">Representations and Warranties by Mortgagor</font></u></b><font face="serif">. Mortgagor represents and warrants to Mortgagee, as follows:</font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(a) Mortgagor is a corporation duly organized, existing and in good standing under the laws of the State of Delaware and is duly qualified and is in good standing in all other jurisdictions (including
New York) where the character and nature of its business requires such qualification.</font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(b) Mortgagor is the lawful owner of and has good and marketable fee simple absolute title to the Mortgaged Property, subject to the Permitted Encumbrances. Mortgagor has good right and lawful
authority to grant, bargain, sell, convey, warrant, assign and confirm the same as provided herein; and the Mortgaged Property is free and clear of all mortgages, liens, pledges, security interests, charges and encumbrances, excepting only Permitted
Encumbrances. Mortgagor warrants and will defend the title to the Mortgaged Property against all claims and demands whatsoever, except Permitted Encumbrances and Permitted Transfers.</font></p>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(c) There is no provision in any indenture, contract or agreement, to which Mortgagor is a party or by which it is bound, or any law, statute, ordinance, governmental rule, regulation or restriction,
or any order of any court or administrative agency, to which Mortgagor is subject or by which Mortgagor is bound, which prohibits the execution and delivery by Mortgagor of this Mortgage, the Note, the Loan Agreement or any other instruments which
refer</font></p>
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<font face="serif">to, evidence, supplement, guarantee, secure or govern the Note or the Loan (as each of the same may be extended, renewed, modified, substituted or replaced, hereinafter collectively referred to as the &#147;</font><b><font
face="serif">Loan Documents</font></b><font face="serif">&#148; and individually referred to as a &#147;</font><b><font face="serif">Loan Document</font></b><font face="serif">&#148;), or the performance or observance by Mortgagor of any of the
terms, covenants or conditions of this Mortgage, the Note, the Loan Agreement or any other Loan Document.</font></p>
<p align="left" >
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Execution and delivery of this Mortgage, the Note, the Loan Agreement and the other Loan Documents, by and on behalf of Mortgagor, have been duly and validly authorized, and this Mortgage, the Note, the Loan Agreement and said other instruments have been duly and validly executed and delivered, by
and on behalf of Mortgagor, and are valid, binding and enforceable obligations of Mortgagor in accordance with their terms.</font></p>
<p align="left" >
<font face="serif" >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) There are no actions, suits, proceedings or investigations pending or, to the knowledge
of Mortgagor, threatened against Mortgagor, any parent of Mortgagor
or subsidiary of Mortgagor (hereinafter collectively referred
to as &#147;<b>Affiliates</b>&#148;),
or the Mortgaged Property in any court or before any federal,
state, municipal or other governmental agency other than actions
covered by insurance or actions which, if adversely determined,
would not result in a Material Adverse Occurrence (as defined
in the Loan Agreement), and neither Mortgagor nor any Affiliate
is in default with respect to any order of any court or governmental
agency.</font></p>
<p align="left" >
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(f) The Premises are neither agricultural property, property in agricultural use, nor the homestead of Mortgagor.</font></p>
<p align="left" >
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(g) All applicable building and zoning laws, rules and regulations, occupational safety and health, energy and environmental laws, ordinances and regulations affecting the Mortgaged Property permit
the use and occupancy thereof for mixed-use commercial purposes and have been complied with, in all material respects.</font></p>
<p align="left" >
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(h) To Mortgagor&#146;s knowledge, except as shown in the Environmental Report and other than usage in the ordinary course of business of Mortgagor or its tenants and in each instance in compliance
with Environmental Laws, (i) no dangerous, toxic or hazardous pollutants, contaminants, chemicals, wastes, materials or substances, as defined in or governed by the provisions of any federal, state or local law, statute, code, ordinance, regulation,
requirement or rule relating thereto (hereinafter collectively called &#147;</font><b><font face="serif">Environmental Regulations</font></b><font face="serif">&#148;), and also including urea-formaldehyde, polychlorinated biphenyls, asbestos,
asbestos containing materials, nuclear fuel or waste, radioactive materials, explosives, carcinogens and petroleum products, or any other waste, material, substance, pollutant or contaminant which would subject the owner of the Premises to any
damages, penalties or liabilities under any applicable Environmental Regulation (hereinafter collectively called &#147;</font><b><font face="serif">Hazardous Substances</font></b><font face="serif">&#148;) are now stored, located, generated,
produced, processed, treated, transported, incorporated, discharged, emitted, released, deposited or disposed of in, upon, under, over or from the Mortgaged Property; (ii) no threat exists of a discharge, release or emission of a Hazardous Substance
upon or from the Mortgaged Property into the environment; (iii) the Premises have not ever been used for a mine, a landfill, a dump or other disposal facility, industrial or manufacturing purposes, or a gasoline service station; (iv) no underground
storage tank is now located in the Premises; (v) no violation of any Environmental Regulation now exists in, upon, under, over or from the Mortgaged Property, no notice of any such violation or any</font></p>
<p align="center">
<font size=2 face="serif">7</font></p>

<hr noshade align="center" width="100%" size=2>

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<a name="page_10"></a>

<p align="left" >
<font face="serif">alleged violation thereof has been issued or given by any governmental entity or agency which remains outstanding, and there is not now any investigation or report involving the Mortgaged Property by any governmental entity or
agency which in any way relates to Hazardous Substances; (vi) no person, party or private or governmental agency or entity has given any outstanding notice of or asserted any claim, cause of action, penalty, cost or demand for payment or
compensation, whether or not involving any injury or threatened injury to human health, the environment or natural resources, resulting or allegedly resulting from any activity or event described in (i) above; (vii) there are not now any actions,
suits, proceedings or damage settlements relating in any way to Hazardous Substances, in, upon, under, over or from the Mortgaged Property; (viii) the Mortgaged Property is not listed in the United States Environmental Protection Agency&#146;s
National Priorities List of Hazardous Waste Sites or any other list of Hazardous Substance sites maintained by any federal, state or local governmental agency; and (ix) the Mortgaged Property is not subject to any lien or claim for lien or threat of
a lien in favor of any governmental entity or agency as a result of any release or threatened release of any Hazardous Substance.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">1.3 </font><b><u><font face="serif">Maintenance of Existence</font></u></b><font face="serif">. Mortgagor agrees to maintain its existence as a (i) corporation under the laws of the State of Delaware
and (ii) as a foreign business corporation under the laws of the State of New York and not to dissolve, liquidate, wind-up, consolidate or merge during the term hereof, without the prior written consent of Mortgagee.</font></p>
<table border=0 cellspacing=0 cellpadding=0>
<tr>
        <td valign=top nowrap>
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.4</font>&nbsp;<b><u><font face="serif">Further
Assurances; Security Agreement</font></u></b><font face="serif">.</font></td>
  </tr>
</table>
<p align="left" >
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Mortgagor will procure, do, execute, acknowledge and deliver each and every further act, deed, conveyance, transfer, document and assurance necessary or proper for the carrying out more effectively of the purpose of this Mortgage and, without limiting the foregoing, for granting, bargaining,
selling, conveying, warranting, assigning and confirming unto Mortgagee all of the Mortgaged Property, or property intended so to be, whether now owned or hereafter acquired by Mortgagor, including, without limitation, the preparation, execution and
filing of any documents, such as financing statements and continuation statements, deemed advisable by Mortgagee for perfecting and maintaining its lien on the Mortgaged Property.</font></p>
<p align="left" >
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) This Mortgage shall further constitute and be deemed to be a Security Agreement under the Uniform Commercial Code, now in force and as hereafter amended, and Mortgagor hereby grants to Mortgagee a first and only, present and continuing security interest in any Property, fixtures, equipment, leases,
rents, issues, income, profits, personal property, instruments, general intangibles, accounts, contract rights and claims included within or related to the Mortgaged Property, and in all deposits made pursuant to <b>Section
1.10</b> hereof and all insurance policies and unearned premiums prepaid thereon, insurance proceeds, and awards, payments or consideration for the taking of the Mortgaged Property, or any portion thereof, by condemnation
or exercise of the power of eminent domain, or from any sale in lieu or in anticipation thereof, assigned by Mortgagor to Mortgagee hereunder, to the extent that a security interest may be granted therein under the terms of the Uniform Commercial
Code. Mortgagor agrees to supply Mortgagee with an inventory of all such property in a form acceptable to Mortgagee, from time to time, upon receipt of a written request therefor from Mortgagee.</font></p>
<p align="center">
<font size=2 face="serif">8</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_11"></a>

<p align="left" >
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Mortgagor hereby irrevocably authorizes Mortgagee at any time and from time
to time to file in any filing office any initial financing statements
and amendments thereto that (a) indicate the collateral as the
Mortgaged Property as defined in this Mortgage and (b) contain
any other information required by part 5 of Article 9 of the
Uniform Commercial Code of any such filing office for the sufficiency
or filing office acceptance of any initial financing statement
or amendment, including whether Mortgagor is an organization,
the type of organization and any organizational identification
number issued to Mortgagor. Mortgagor agrees to provide any such
information to Mortgagee promptly upon request. Mortgagor also
ratifies its authorization for Mortgagee to have filed in any
filing office in any Uniform Commercial Code jurisdiction any
like initial financing statements or amendments thereto relating
to the lien and security interest created by this Mortgage if
filed prior to the date hereof. Mortgagor shall pay to Mortgagee,
from time to time, within five (5) Business Days after demand,
any and all costs and expenses incurred by Mortgagee in connection
with the filing of any such initial financing statements and
amendments, including attorneys&#146; fees and all
disbursements. Such costs and expenses shall bear interest at
the Default Rate from the date due, as set forth in the preceding
sentence until the date repaid by Mortgagor, and such costs and
expenses, together with such interest, shall be part of the obligations
and shall be secured by this Mortgage.</font></p>
<p align="left" >
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(d) Mortgagor shall notify the Mortgagee promptly of a change in Mortgagor&#146;s chief executive office or principal place of business. Mortgagor shall not change its name, jurisdiction of
organization or its type of organization without promptly notifying Mortgagee, in writing, of such change.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">1.5 </font><b><u><font face="serif">Uniform
Commercial Code Remedies</font></u></b><font face="serif">. Mortgagee
shall have all the rights, remedies and recourses with respect
to the personal  property, fixtures, the Leases (as defined in </font><b><font face="serif">Section
1.16</font></b><font face="serif"> hereof) and rents afforded
to a &#147;</font><b><font face="serif">Secured Party</font></b><font face="serif">&#148; by
the Uniform  Commercial Code in addition to, and not in limitation
of, the other rights, remedies and recourses afforded by law,
equity and the Loan Documents.</font></p>
<table border=0 cellspacing=0 cellpadding=0>
<tr>
        <td valign=top nowrap>
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.6 </font><b><font face="serif">[<u>Intentionally Omitted</u>].</font></b></td>
  </tr>
</table>
<p align="left"><font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.7</font>&nbsp;<b><u><font face="serif">Foreclosure
of Security Interest</font></u></b><font face="serif">.&nbsp;&nbsp;</font><font face="serif">If an Event of Default shall
    occur and remain outstanding, Mortgagee may elect, in addition
    to exercising any and all other rights, remedies and recourses
    set forth in </font><b><font face="serif">Section 3.2</font></b><font face="serif">,
    to proceed in the manner set forth  in the Uniform Commercial
    Code, relating to the procedure to be followed when a security
agreement covers both real and personal property.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">1.8 </font><b><u><font face="serif">Defined Terms</font></u></b><font face="serif">. Terms defined in the Uniform Commercial Code and not otherwise defined in this Mortgage shall have the same
meanings for purposes hereof as are set forth in the Uniform Commercial Code. In the event that a term is used in Article 9 of the Uniform Commercial Code and also in another Article of the Uniform Commercial Code, the term used in </font><b><font
face="serif">Sections 1.4 through 1.7</font></b><font face="serif"> is that used in Article 9 of the Uniform Commercial Code. The term &#147;control&#148; has the meaning given in &#167; 9-104, 9-105, 9-106, 9-107, as applicable.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">1.9 </font><b><u><font face="serif">Maintenance of Property</font></u></b><font face="serif">. Mortgagor will not remove or demolish any Improvements, except as permitted under applicable law, or
change its legal use in any manner</font></p>
<p align="center">
<font size=2 face="serif">9</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_12"></a>

<p align="left">
<font face="serif">that would cause the Mortgaged Property to be in violation of applicable law without the prior written consent of Mortgagee, provided, however, that the foregoing shall not prevent Mortgagor from performing alterations or
improvements to the Mortgaged Property that are determined by Mortgagor to be necessary or desirable.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">1.10 </font><b><u><font face="serif">Impositions and Liens</font></u></b><font face="serif">. (a) Mortgagor shall, before any penalty or interest attaches thereto because of delinquency in payment,
pay and discharge, or cause to be paid and discharged, all taxes, assessments, sewer rents, water rates, levies and governmental charges imposed upon or against the Mortgaged Property or upon or against the Note or the Indebtedness or upon or
against the interest of Mortgagee in the Mortgaged Property or in the Note or the Loan Agreement or the Indebtedness (hereinafter referred to as &#147;</font><b><font face="serif">Impositions</font></b><font face="serif">&#148;) and will thereafter
deliver the paid receipts therefor to Mortgagee within ten (10) days after request therefor by Mortgagee. In the event of any legislative enactment or judicial decision after the date of this Mortgage, imposing upon Mortgagee the obligation to pay
any such Imposition, or deducting the lien of this Mortgage from the value of the Mortgaged Property for the purpose of taxation, or changing in any way the laws now in force for the taxation of mortgages or debts secured thereby, or the manner,
operation or method of collection of any such Imposition, so as to affect the interests of Mortgagee, then, and in such event, Mortgagor shall bear and promptly pay the full amount of such Imposition or any substituted tax; </font><u><font
face="serif">provided</font></u><font face="serif">, </font><u><font face="serif">however</font></u><font face="serif">, that, if for any reason payment thereof by Mortgagor would be unlawful or unenforceable, or if payment thereof by Mortgagor
would constitute usury or would render the Loan or the Indebtedness wholly or partially usurious under any of the terms or provisions of the Note or of this Mortgage, or otherwise, Mortgagee may declare the whole sum secured by this Mortgage, with
interest thereon, to be immediately due and payable. Mortgagor shall not suffer to exist and shall promptly pay and discharge any mechanic&#146;s, statutory or other lien or encumbrance on the Mortgaged Property or any part thereof (hereinafter
referred to as &#147;</font><b><font face="serif">Liens</font></b><font face="serif">&#148;), except for Permitted Encumbrances.</font></p>
<p align="left" >
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(b) Notwithstanding the foregoing, Mortgagor shall not be in default hereunder in respect to the payment of any Impositions or Liens which Mortgagor shall be required by any provision hereof to pay,
so long as Mortgagor shall, in good faith, in compliance with all applicable statutes, and with all possible promptness, diligently contest the same, and Mortgagor may postpone or defer payment of a portion of said Impositions or Liens, if, but only
if, permitted by statute, and if neither the Mortgaged Property, nor any portion thereof, would, by reason of such postponement or deferment, be in danger of being forfeited or lost. Upon a final adjudication of any such contest, and, in any event,
at least thirty (30) days prior to the date on which the interest of Mortgagee in the Mortgaged Property would otherwise forfeit by reason of the nonpayment of any such Imposition or Lien, Mortgagor shall pay the amount thereof then due, including
any penalties and interest thereon. </font></p>
<p align="left" >
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(c) As soon as reasonably practicable following the recording of this Mortgage, Mortgagor shall deliver or cause to be delivered to Mortgagee a title report showing the recordation of the Existing
Mortgage Assignment and this Mortgage. In the event any lien, encumbrance or other matter objectionable to Mortgagee is disclosed by such title report, other than the Permitted Encumbrances, Mortgagor shall bond over or otherwise have removed any
such lien or encumbrance within thirty (30) days of the imposition thereof, to the satisfaction of</font></p>
<p align="center">
<font size=2 face="serif">10</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_13"></a>

<p align="left" >
<font face="serif">Mortgagee, unless Mortgagor is contesting such lien or encumbrance in accordance with </font><b><font face="serif">Section 1.10(b)</font></b><font face="serif"> hereof.</font></p>
<p align="left">
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.11 <b><u>Insurance; Casualty or Other Loss</u></b>. Mortgagor will keep the Improvements on the
Mortgaged Property insured against loss by fire or other casualty,
and shall maintain liability insurance, with Mortgagee named
as an additional insured, under policies of insurance, with coverages,
as reasonably determined by Mortgagor to be consistent with the
types and amount of insurance maintained by reasonably prudent
owners of property similar to the Mortgaged Property in the Greater
New York Metropolitan Area and available at commercially reasonable
rates. Mortgagor shall timely pay the premiums on all such insurance.
In the event of casualty or other loss, Mortgagor shall immediately
give written notice thereof to Mortgagee. All proceeds of casualty
insurance shall be paid to Mortgagor and applied, after application
to Mortgagor&#146;s costs of collection to payment of any costs
of restoration and repair incurred by Mortgagor or in such other
manner as Mortgagor shall determine. </font></p>
<table border=0 cellspacing=0 cellpadding=0>
<tr>
        <td valign=top nowrap>
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.12</font>&nbsp;<font face="serif">[</font><b><u><font face="serif">Intentionally
Omitted</font></u></b><font face="serif">].</font></td>
  </tr>
<tr><td>&nbsp;</td></tr><tr>
        <td valign=top nowrap>
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.13</font>&nbsp;<font face="serif">[</font><b><u><font face="serif">Intentionally
Omitted</font></u></b><font face="serif">].</font></td>
        </tr>
<tr><td>&nbsp;</td></tr>
</table>
<p> <font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.14</font>&nbsp;<b><u><font face="serif">Cure
        of Defaults by Mortgagee</font></u></b><font face="serif">.
If an Event of Default occurs and Mortgagor</font> <font face="serif">shall
fail to observe, comply with or perform any of the terms, covenants
and conditions herein with respect to the procuring and delivery
of insurance, the payment of Impositions, ground rent or Liens,
the keeping of the Mortgaged Property in repair, the performance
of Mortgagor&#146;s obligations under any other term, covenant
or condition contained herein, in the Note, in the Loan Agreement
or in any other Loan Document, Mortgagee may itself, following
reasonable  notice to and cure periods for Mortgagor, observe,
comply with or perform the same, may make such advances to observe,
comply with or perform the same as Mortgagee shall deem appropriate,
and may enter the Mortgaged Property for the purpose of  observing,
complying with or performing any such term, covenant or condition.
Mortgagee may expend such sums, including attorneys&#146; fees
(prior to trial, at trial and on appeal), to sustain the lien
of this Mortgage or its priority, or to protect or enforce, or
to obtain the right to enforce, its rights, powers and remedies
hereunder, including the payment of any prior liens, ground rent,
claims and encumbrances, other than Permitted Encumbrances which
are not in default, or to protect the Mortgaged Property, as
it may deem desirable. Mortgagor agrees to repay all sums so
advanced or expended upon demand, with interest thereon at the
Default Rate from the date of advancement or expenditure, and
all sums so advanced or expended, with interest, shall be secured
hereby, but no such advance or expenditure shall be deemed to
relieve Mortgagor from any default hereunder. Mortgagee shall
not be bound to inquire into the validity of any Imposition or
Lien which Mortgagor fails to pay as and when required hereby
and which Mortgagor does not contest in strict accordance with
the terms hereof.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">1.15 </font><b><u><font face="serif">Sale, Transfer or Encumbrance</font></u></b><font face="serif">. Except for Permitted Encumbrances and Permitted Transfers (as defined in the Loan Agreement),
without the prior written consent of Mortgagee, Mortgagor shall not voluntarily or involuntarily agree to, cause, suffer or permit any sale, conveyance, mortgage, grant, lien, encumbrance, security interest, pledge, assignment or transfer of: (a)
the Mortgaged Property or any part or portion thereof, or any interest of Mortgagor, legal or equitable, in the Mortgaged Property, except as created by this Mortgage and</font></p>
<p align="center">
<font size=2 face="serif">11</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_14"></a>

<p align="left">
<font face="serif">the other documents which secure the Note; or (b) any direct ownership interest, in Mortgagor; provided, however, this subsection shall not be applicable to the extent liens are being contested in accordance herewith. If Mortgagor
fails to comply with the provisions of this </font><u><font face="serif">Section 1.15</font></u><font face="serif">, Mortgagee may, at its election, declare the entire Indebtedness to be immediately due and payable, without notice to Mortgagor
(which notice Mortgagor hereby expressly waives), and upon such declaration the entire Indebtedness shall be immediately due and payable. </font></p>
<p align="left">
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No transfer, conveyance, lease, sale or other disposition shall relieve Mortgagor </font><font face="serif">from personal liability for its obligations hereunder or under the Note, whether or not the transferee assumes this Mortgage. Mortgagee may, without notice to Mortgagor, deal with any successor owner of all or any portion of the
Mortgaged Property in the same manner as with Mortgagor, without in any way discharging the liability of Mortgagor hereunder or under the Note.</font></p>
<p align="left">
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.16 <b><u>Assignment of Leases and Rents</u></b>. (a) As a source of future repayment of the Indebtedness,
Mortgagor hereby absolutely and presently assigns to Mortgagee
all Rents (hereinafter defined) and hereby collaterally assigns
to Mortgagee all of Mortgagor&#146;s rights in and interest as
landlord under the Leases (subject to the appointment of Mortgagor
as agent for Mortgagee and the license granted to Mortgagor as
set forth below); together with the immediate and continuing
right to collect and receive all of the Rents now due or which
may become due or to which Mortgagor may now or shall hereafter
(including the period of redemption, if any) become entitled
or may demand or claim, arising or issuing from or out of the
Leases or from or out of the Mortgaged Property or any part thereof.
It is the intention hereby to establish a choate, present, absolute
transfer and assignment of the Rents now due to or which may
become due to Mortgagee and not merely the granting of a security
interest.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(b) Notwithstanding the foregoing, Mortgagee hereby (i) appoints Mortgagor as the agent of Mortgagee to collect and receive all of the Rents and apply them as set forth herein and (ii) grants to
Mortgagor a license to carry out any and all of the terms and conditions of the Leases and to manage the Mortgaged Property, as hereinafter provided, such appointment and license terminable at the sole election of Mortgagee upon the occurrence of an
Event of Default.</font></p>
<p align="left">
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) As used herein: (i) &#147;</font><b><u><font face="serif">Lease</font></u></b><font face="serif">&#148; means each existing or future lease, sublease </font><font face="serif">(to
the extent of Mortgagor&#146;s rights thereunder) or other agreement
under the terms of which any person has or acquires any right
to occupy or use the Mortgaged Property, or any part thereof,
or interest therein, and each existing or future guaranty of
payment or performance thereunder, and all extensions, renewals,
modifications and replacements of each such lease, sublease,
agreement or guaranty; and (ii) &#147;<b><u>Rents</u></b>&#148; means all of the rents, revenue, income, profits and proceeds derived and to be derived from the Mortgaged Property or arising from the use or enjoyment of any portion thereof or from any
Lease, including, but not limited to, liquidated damages following default under any such Lease, all proceeds payable under any policy of insurance covering loss of rents resulting from untenantability caused by damage to any part of the Mortgaged
Property, all of Mortgagor&#146;s rights to recover monetary
amounts from any tenant in bankruptcy including, without limitation,
rights of recovery for use and occupancy and damage claims arising
out of Lease defaults, including rejections, under any applicable
law, together with any sums of money that may now or at any time
hereafter be or become due and payable to</font></p>
<p align="center">
<font size=2 face="serif">12</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_15"></a>

<p align="left">
<font face="serif">Mortgagor by virtue of any and all royalties, overriding royalties, bonuses, delay rentals and any other amount of any kind or character arising under any and all present and all future oil, gas, mineral and mining leases covering
the Mortgaged Property or any part thereof, and all proceeds and other amounts paid or owing to Mortgagor under or pursuant to any and all contracts and bonds relating to the improvement, construction or renovation of the Mortgaged
Property.</font></p>
<table border=0 cellspacing=0 cellpadding=0>
<tr>
        <td valign=top nowrap>
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.17</font>&nbsp; &nbsp;<b><font face="serif">[</font></b><b><u><font face="serif">Intentionally
Omitted</font></u></b><b><font face="serif">].</font></b></td>
  </tr>
<tr><td>&nbsp;</td></tr>
</table>
<p> <font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.18</font>&nbsp;<b><u><font face="serif">Hazardous
        Substances</font></u></b><font face="serif">. Except
for substances normally used for maintenance or</font> <font face="serif">operation
of retail and commercial projects which are used, stored, and
disposed of in accordance with all applicable Environmental Regulations,
Mortgagor (i) shall not store, locate, generate, produce, process,
treat, transport, incorporate, discharge, emit, release, deposit
or dispose of any Hazardous Substance in, upon, under, over or
from the Mortgaged Property, (ii) shall not permit any Hazardous
Substance to be stored, located, generated, produced, processed,
treated, transported, incorporated, discharged, emitted, released,
deposited, disposed of or to escape therein, thereupon, thereunder,
thereover or therefrom, (iii) shall cause all Hazardous Substances
found thereon to be properly removed therefrom and properly disposed
of in accordance with all applicable Environmental Regulations,
(iv) shall not install or permit to be installed any underground
storage tank therein or thereunder, and (v) shall comply with
all Environmental Regulations which are applicable to the Mortgaged
Property. Mortgagor shall indemnify, defend and hold harmless
Mortgagee, its directors, officers, employees, agents, contractors,
licensees, invitees, successors and assigns and any affiliate
of Mortgagee which acquires title to the Mortgaged Property at
a foreclosure or other sale or takes title to the Mortgaged Property
pursuant to a deed in lieu of foreclosure under the provisions
of this Mortgage (hereinafter collectively referred to as the
&#147;</font><b><font face="serif">Indemnified Parties</font></b><font face="serif">&#148;)
against, shall hold Indemnified Parties harmless from, and shall
reimburse the Indemnified Parties for, any and all claims, demands,
judgments, penalties,  liabilities, costs, damages and expenses,
including court costs and reasonable attorneys&#146; fees
directly or indirectly incurred by the Indemnified Parties (prior
to trial, at trial and on appeal) in any action, administrative
proceeding or negotiations against or involving any of the Indemnified
Parties, resulting from any breach of the foregoing covenants,
from the incorrectness or untruthfulness of any warranty or representation
set forth in </font><b><font face="serif">Subsection
1.2(i)</font></b><font face="serif"> hereof, or from the discovery
of any Hazardous Substance in, upon, under or over, or emanating
from, the Mortgaged Property, whether or not Mortgagor is responsible
therefor, or whether or not it was placed,  located, deposited
or released by Mortgagor, it being the intent of Mortgagor and
Mortgagee that the Indemnified Parties shall have no liability
or responsibility (x) for damage or injury to human health, the
environment or natural resources caused  by, for abatement and/or
clean-up of, or (y) otherwise with respect to, Hazardous Substances
by virtue of the interest of Mortgagee in the Mortgaged Property
created hereby or as the result of Mortgagee exercising any of
its rights or remedies with  respect thereto hereunder, including,
but not limited to, becoming the owner thereof by foreclosure
or conveyance in lieu of foreclosure. The foregoing representations,
warranties and covenants of </font><b><font face="serif">Subsection
 1.2(i)</font></b><font face="serif"> and of this </font><b><font face="serif">Section
 1.18</font></b><font face="serif"> shall be deemed continuing
 covenants, representations and warranties for the benefit of
 the Indemnified Parties, and shall  survive the satisfaction
 or release of this Mortgage, any foreclosure of this Mortgage
 and/or any acquisition of title to the Mortgaged Property or
 any part thereof by Mortgagee, or anyone claiming by, through
 or under Mortgagee by deed in lieu of  foreclosure or otherwise.
 Any amounts covered by the foregoing indemnification shall bear
 interest from the date incurred at the Default Rate, shall be
 payable on demand, and shall be</font></p>
<p align="center">
<font size=2 face="serif">13</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_16"></a>

<p align="left">
<font face="serif">secured hereby. In no event shall Mortgagor be obligated by the provisions hereof to indemnify any Indemnified Party for matters, liabilities or expenses arising from the gross negligence or willful misconduct of such Indemnified
Party.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">1.19 </font><b><u><font face="serif">Indemnity</font></u></b><font face="serif">. Mortgagor agrees to indemnify, protect, hold harmless and defend Mortgagee from and against any and all losses,
liabilities, suits, actions, obligations, fines, damages, judgments, penalties, claims, causes of action, charges, costs and expenses (including attorneys&#146; fees, disbursements and court costs prior to trial, at trial and on appeal) which may be
imposed on, incurred or paid by, or asserted against Mortgagee by reason or on account of, or in connection with, (i) any willful misconduct of Mortgagor or any default or Event of Default hereunder, (ii) any construction, reconstruction or
alteration of the Mortgaged Property, (iii) any negligence of Mortgagor or any negligence or willful misconduct of any lessee of the Mortgaged Property or any part thereof, or any of their respective agents, contractors, subcontractors, servants,
directors, officers, employees, licensees or invitees, or (iv) any accident, injury, death or damage to any person or property occurring in, on or about the Mortgaged Property or any street, drive, sidewalk, curb or passageway adjacent thereto,
except to the extent that the same results directly from the willful gross negligence or misconduct of Mortgagee. Any amount payable to Mortgagee under this </font><b><font face="serif">Section 1.19</font></b><font face="serif"> shall be due and
payable upon demand therefor and receipt by Mortgagor of a statement from Mortgagee setting forth in reasonable detail the amount claimed and the basis therefor. Mortgagor&#146;s obligations under this </font><b><font face="serif">Section
1.19</font></b><font face="serif"> shall survive the repayment or any other satisfaction of the Note and shall not be affected by the absence or unavailability of insurance covering the same or by the failure or refusal of any insurance carrier to
perform any obligation on its part under any such policy of insurance. If any claim, action or proceeding is made or brought against Mortgagee which is subject to the indemnity set forth in this </font><b><font face="serif">Section
1.19</font></b><font face="serif">, Mortgagor shall resist or defend against the same, in its own name or, if necessary, in the name of Mortgagee, by attorneys for Mortgagor&#146;s insurance carrier (if the same is covered by insurance) approved by
Mortgagee or otherwise by attorneys retained by Mortgagor and approved by Mortgagee. Notwithstanding the foregoing, Mortgagee, in its discretion, if it disapproves of the attorneys provided by Mortgagor or Mortgagor&#146;s insurance carrier, may
engage its own attorneys to resist or defend, or to assist therein, and Mortgagor shall pay, or, on demand, shall reimburse Mortgagee for the payment of, all fees and disbursements of said attorneys.</font></p>
<p align="center">
<table align="center">
  <tr><td align="center" nowrap>
<b><u><font face="serif">ARTICLE 2.</font></u></b><br>
<b><u><font face="serif">TAKING OF PROPERTY</font></u></b></td></tr></table>

<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">2.1 </font><b><u><font face="serif">Condemnation or Sale in Lieu Thereof</font></u></b><font face="serif">. In case of a taking of or damage to all or any part of the Mortgaged Property as a result
of, or a sale thereof in lieu of or in anticipation of, the exercise of the power of condemnation or eminent domain, or the commencement of any proceedings or negotiations which might result in such a taking, damage or sale, Mortgagor shall promptly
give Mortgagee written notice thereof, generally describing the nature of such taking, damage, sale, proceedings or negotiations and the nature and extent of the taking, damage or sale which has resulted or might result therefrom, as the case may
be, together with a copy of each and every document relating thereto received by Mortgagor. Should any of the Mortgaged Property be taken or damaged by exercise of the power of condemnation or eminent domain, or be sold by private sale in lieu or in
anticipation thereof, any award, payment or other consideration for the property so taken, damaged or sold shall, be applied first to the payment of</font></p>
<p align="center">
<font size=2 face="serif">14</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_17"></a>

<p align="left">
<font face="serif">all costs and expenses incurred by Mortgagor in obtaining and preserving such award, payment or consideration, and second, to the restoration or repair of the Mortgaged Property or in such other manner as Mortgagor determines,
without affecting the lien of this Mortgage or the obligations of Mortgagor hereunder. </font></p>
<p align="center">
<table align="center">
  <tr><td align="center" nowrap>
<b><u><font face="serif">ARTICLE 3.</font></u></b><br>
<b><u><font face="serif">DEFAULT AND REMEDIES THEREFOR</font></u></b></td></tr></table>

<p align="left">
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 <b><u>Events of Default</u></b>. If any one or more of the following events (herein referred to as &#147;<b>Events of Default</b>&#148;) shall occur an event which would constitute an &#147;Event of Default&#148; under
the Loan Agreement.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">3.2 </font><b><u><font face="serif">Mortgagee&#146;s Power of Enforcement; Power of Sale</font></u></b><font face="serif">. After the occurrence of any Event of Default, Mortgagee, at its option, may
proceed by any appropriate action or proceeding to (i) enforce payment of the Indebtedness pursuant to the Loan Documents, (ii) enforce performance of any term of this Mortgage or any of the other Loan Documents, (iii) enforce any other rights of
Mortgagee with respect to the Indebtedness or the Mortgaged Property, (iv) foreclose this Mortgage and sell the Mortgaged Property, as an entirety or in separate portions, pursuant to the judgment, order or decree of any court of competent
jurisdiction, (v) to the extent permitted by law, pursue the partial foreclosure of this Mortgage for any part of the Indebtedness then due and payable, subject to the continuing encumbrance of this Mortgage as security for the balance of the
Indebtedness not then due, and (vi) pursue any other right, power or remedy available to Mortgagee at law or in equity. Mortgagee may pursue any and all such actions or proceedings, at Mortgagee&#146;s option, either with or without entry or taking
possession and whether or not the Indebtedness or any part thereof shall have been declared to be immediately due and payable or shall otherwise be due. Mortgagee may pursue any and all such actions or proceedings without prejudice to
Mortgagee&#146;s right thereafter to foreclose this Mortgage or to bring any other action or proceeding to enforce Mortgagee&#146;s rights, powers and remedies with respect to the Indebtedness or the Mortgaged Property, whether or not the basis for
any such subsequent action or proceeding shall be a default or Event of Default existing at the time such earlier action or proceeding was commenced.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">Mortgagee may, either with or without entry or taking possession of the Mortgaged Property as provided in this Agreement or otherwise, personally or by its agents or attorneys, and without prejudice
to the right to bring an action for foreclosure of the Mortgage, sell the Mortgaged Property or any part thereof pursuant to any procedures provided by applicable law, thereto), and all estate, right, title, interest, claim and demand therein, and
right of redemption thereof, at one or more sales as an entity or in parcels, and at such time and place upon such terms and after such notice thereof as may be required or permitted by applicable law.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">All notices hereunder or under any applicable law pertaining hereto shall be in writing and shall be deemed sufficiently given or served for all purposes when delivered by personal service or courier
service, and shall be deemed given on the date when signed for or, if refused, when refused by the person designated as an agent for receipt of service. For purposes hereof, notices may be given by the parties hereto or by their attorneys identified
herein.</font></p>
<p align="left">
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 </font><b><u><font face="serif">Mortgagee&#146;s Right To Enter and Take Possession.</font></u></b></p>
<p align="center">
<font size=2 face="serif">15</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_18"></a>

<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(a) While any Event of Default exists, Mortgagor, upon receipt of written notification by Mortgagee, shall forthwith surrender and deliver to Mortgagee the actual possession of the Mortgaged Property
or any part thereof designated by Mortgagee, subject to the rights of tenants. To the extent permitted by law, Mortgagee may enter and take possession of all or any part of the Mortgaged Property and may exclude Mortgagor and its officers,
employees, agents, contractors, attorneys and other representatives therefrom, and Mortgagee may have joint access with Mortgagor to the books, papers and accounts of Mortgagor and of any manager of the Mortgaged Property. On the first day of each
month occurring after any such entry into possession, or after the appointment of any receiver as provided below, Mortgagor shall pay to Mortgagee or to such receiver, as the case may be, in advance, a use and occupancy charge equal to the fair and
reasonable rental value for such month of any leasable portion of the Mortgaged Property which shall then be in the possession of or occupied by Mortgagor. If Mortgagor shall fail to make any such payment as provided above, then, upon request by
Mortgagee, Mortgagor shall vacate, deliver and surrender possession of such part of the Mortgaged Property to Mortgagee or to such receiver, as the case may be, and, to the extent permitted by law, Mortgagor may be evicted or dispossessed by summary
proceedings or otherwise.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(b) While an Event of Default exists, Mortgagor for any reason shall fail to surrender or deliver to Mortgagee the Mortgaged Property or any part thereof designated by Mortgagee as provided above,
Mortgagee may obtain a judgment or decree conferring on Mortgagee the right to immediate possession and requiring Mortgagor to deliver to Mortgagee immediate possession of the Mortgaged Property or such part thereof. Mortgagor hereby specifically
and irrevocably consents to the entry of any such judgment or decree. Upon request by Mortgagee, Mortgagor shall pay to Mortgagee, or to any other person that Mortgagee may designate, all reasonable costs, expenses and liabilities (including,
without limitation, reasonable attorneys&#146; fees) incurred by Mortgagee in connection with any such failure to surrender or deliver possession and in connection with any such judgment or decree, together with interest thereon at the Default Rate
from the date incurred by Mortgagee until the date so paid to, or as directed by, Mortgagee.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(c) After any such entry into possession, Mortgagee, in Mortgagor&#146;s name or otherwise, may hold, store, use, operate, manage and control the Mortgaged Property, or the part thereof as to which
Mortgagee shall have entered into possession, and may conduct the business thereof. In doing so, Mortgagee from time to time may:</font></p>
<table width="95%" border=0 cellpadding=0 cellspacing=0>
<tr valign="bottom">
  <td align=left nowrap>&nbsp;</td>
  <td  >&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
  <td align=right valign="top" nowrap><div align="left"><font face="serif">(i) </font></div></td>
  <td align=left valign="top"><font face="serif">make
      all necessary and proper maintenance, repairs, renewals,
      replacements, alterations, additions, betterments and improvements
      thereto and thereon and purchase or otherwise acquire additional
      fixtures, personal property and other property of the type
    encumbered by this Mortgage; </font></td>
</tr>
<tr valign="bottom">
  <td align=left nowrap>&nbsp;</td>
  <td  >&nbsp;</td>
  <td align=right nowrap><div align="left"></div></td>
  <td align=right>&nbsp;</td>
</tr>
<tr valign="bottom">
        <td align=left nowrap>&nbsp;    </td>
        <td  >&nbsp;    </td>
        <td align=right nowrap>
      <div align="left"><font size=2 face="serif">(ii)</font>&nbsp;     </div></td>
        <td align=right>
      <div align="left"><font  face="serif">insure the Mortgaged Property or keep the Mortgaged Property</font>&nbsp;
        <font face="serif">insured</font><font size=2 face="serif">;</font></div></td>
</tr>
<tr valign="bottom">
    <td align=left nowrap>&nbsp;        </td>
        <td  >&nbsp;    </td>
        <td align=right nowrap> <div align="left"></div></td>
        <td align=right>&nbsp;   </td>
</tr>

<tr valign="top">
        <td align=left nowrap>&nbsp;    </td>
        <td  >&nbsp;    </td>
        <td align=right nowrap>
      <div align="left"><font size=2 face="serif">(iii)</font>&nbsp;    </div></td>
        <td align=right>
      <div align="left"><font  face="serif">manage and operate the Mortgaged Property,
        or such part thereof, and exercise all the rights and powers of
    Mortgagor with respect to the Mortgaged</font> </div></td>
</tr>
</table>
<br>
<p align="center">&nbsp;</p>
<p align="center">
<font size=2 face="serif">16</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_19"></a>

<p align="left">
<font face="serif">Property and the management and operation of the Mortgaged Property (including, without limitation, the right to enter into leases, to cancel, enforce or modify leases, to evict tenants by summary proceedings or otherwise and to
take other appropriate steps to enforce leases);</font></p>
<p align="left">
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) enter into agreements with others to
exercise the powers herein granted to Mortgagee, all as Mortgagee
from time to time may determine; and </font></p>
<p align="left">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(v)
    collect and receive all the rents, royalties, issues, profits,
    revenues, income and other benefits of and from all or any
    part of the Mortgaged Property, including those past due
    as well as those  accruing thereafter, and apply the moneys
    so received, in such priority as Mortgagee may determine,
    to (1) the payment of interest, principal and other amounts
    due and payable in respect of the Indebtedness or otherwise
    payable pursuant to any of  the Loan Documents, (2) the deposits
    payable under this Mortgage for Impositions, (3) the cost
    of insurance, Impositions and other expenses of operating,
    maintaining, repairing and improving all or any part of the
    Mortgaged Property, including,  without limitation, reasonable
    renting commissions and rental collecting commissions paid
    to any agent of Mortgagee or of any receiver, (4) the reasonable
    compensation, expenses and disbursements of the agents, contractors,
    attorneys and other  representatives of Mortgagee, and (5)
    amounts advanced for any purpose recognized under this paragraph
    (c) or otherwise permitted by law or agreement.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(d) Mortgagee shall be liable to account only for rents, security deposits, royalties, issues, profits, revenues, income and benefits actually received by Mortgagee while in possession of the
Mortgaged Property. In the event of any foreclosure, Mortgagee may remain in possession of all or any part of the Mortgaged Property until the foreclosure sale and thereafter during any period of redemption. In the absence of any foreclosure,
Mortgagee may remain in possession of all or any part of the Mortgaged Property as long as there exists an Event of Default. The same right of taking possession shall exist during the continuance of any subsequent Event of Default. Mortgagee shall
incur no liability for, nor shall Mortgagor assert any claim or set off as a result of, any acts or omissions of Mortgagee, or its officers, employees, agents, contractors, attorneys or other representatives, while in possession of all or any part
of the Mortgaged Property (except for damages directly caused by Mortgagee&#146;s own gross negligence or intentional wrongful acts), all such liabilities, claims and rights of set off being hereby expressly waived by Mortgagor.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(e) Upon request by Mortgagee, Mortgagor shall pay to Mortgagee, or to any other person that Mortgagee may designate, all reasonable costs, expenses and liabilities (including, without limitation,
reasonable attorneys&#146; fees) incurred by Mortgagee in connection with the management, operation, use, control and maintenance of all or any part of the Mortgaged Property, except to the extent such costs, expenses and liabilities shall have been
paid out of collections from the Mortgaged Property as provided above, together with interest thereon at the Default Rate from the date incurred by Mortgagee until the date so paid to, or as directed by, Mortgagee.</font></p>
<p align="left">
<table><tr><td width=36>&nbsp;</td><td nowrap>
<font face="serif">3.4 </font><b><u><font face="serif">Appointment of Receiver</font></u></b><font face="serif">.</font></td></tr></table>

<p align="center">
<font size=2 face="serif">17</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_20"></a>

<p align="left">
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) After the occurrence of any Event of Default, Mortgagee, to the extent permitted by law and without regard to the value, adequacy or occupancy of the Mortgaged Property, shall be entitled as a matter of right, if it so elects, to the appointment of a receiver to enter upon and take possession of the
Mortgaged Property and to collect all rents, royalties, issues, profits, revenues, income and other benefits of and from the Mortgaged Property and apply the same as the court may direct or otherwise as may be permitted by law. Mortgagor hereby
specifically and irrevocably consents to such appointment. The receiver shall be entitled to hold, store, use, operate, manage and control the Mortgaged Property and conduct the business thereof as would Mortgagee pursuant to the immediately
preceding Section and shall have all rights and powers permitted under the laws of the State of New York and such other rights and powers as the court making such appointment shall confer. The receiver shall be liable to account only for rents,
royalties, issues, profits, revenues, income and other benefits actually received by such receiver. Notwithstanding the appointment of any receiver or other custodian, Mortgagee, as pledgee or depository, shall be entitled to the possession and
control of any cash, deposits or instruments held by Mortgagee at the time of such appointment or payable or deliverable to Mortgagee from time to time under the terms of this Mortgage or any of the other Loan Documents.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(b) Upon request by Mortgagee, Mortgagor shall pay to Mortgagee, or to any other person that Mortgagee may designate, or to any such receiver, all reasonable costs, expenses and liabilities
(including, without limitation, reasonable attorneys&#146; fees, receivers&#146; fees and the fees of any manager retained by such receiver) incurred by Mortgagee or by such receiver in connection with the appointment of such receiver and the
exercise of the rights and powers of such receiver, except to the extent such costs, expenses and liabilities shall have been paid out of collections from the Mortgaged Property as provided in the immediately preceding Section, together with
interest thereon at the Default Rate from the date incurred by Mortgagee or by such receiver until the date so paid to, or as directed by, Mortgagee or to such receiver.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">3.5 </font><b><u><font face="serif">Waiver of Certain Rights</font></u></b><font face="serif">. Mortgagor agrees, to the extent permitted by law, that neither Mortgagor nor any person at any time
claiming through or under Mortgagor shall set up, claim or seek to take advantage of any appraisement, valuation, stay, notice of election to accelerate, mature or declare due the Indebtedness, extension, redemption or moratorium laws, election of
remedies, or any exemption from execution or sale, now or hereafter in force, in order to prevent or hinder the foreclosure of this Mortgage after the occurrence of any Event of Default, the final and absolute sale of all or any part of the
Mortgaged Property or the final and absolute putting into possession thereof, immediately after any such sale, of the purchaser or purchasers at such sale or the enforcement of any other rights or remedies of Mortgagee under this Mortgage or any of
the other Loan Documents. Mortgagor, for itself and for all who may at any time claim through or under Mortgagor or who hereafter may otherwise acquire any interest in or title to all or any part of the Mortgaged Property, hereby waives, to the
extent permitted by law, all benefit of any such law or laws, any and all rights of redemption from sale pursuant to any judgment, order or decree of foreclosure of this Mortgage, and any and all right to have the assets constituting the Mortgaged
Property marshalled upon any foreclosure or other enforcement of this Mortgage, and any and all right to a jury trial in connection with any enforcement of Mortgagee&#146;s rights under any of the Loan Documents and any other cause or proceeding
arising out of or otherwise relating to the Loan or the transaction of which this</font></p>
<p align="center">
<font size=2 face="serif">18</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_21"></a>

<p align="left">
<font face="serif">Mortgage is a part. Mortgagee or any court having jurisdiction to foreclose this Mortgage may sell the Mortgaged Property in part or as an entirety. Mortgagee shall not be required to accept any part or parts of the Mortgaged
Property in satisfaction of all or any part of the Indebtedness. Mortgagee shall not be required to accept any apportionment of the Indebtedness to or among any part or parts of the Mortgaged Property. If any law now in force of which Mortgagor
might take advantage despite this Section shall hereafter be repealed or cease to be in force, such law shall not thereafter be deemed to preclude the application of this Section. </font></p>
<p align="left">
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6 <b><u>Leases</u></b>. Any foreclosure of this Mortgage and any other transfer of title to the Mortgaged
Property in extinguishment of all or any part of the Indebtedness
may, at Mortgagee&#146;s option, be subject to the rights of
any tenants of all or any part of the Mortgaged Property, and
any failure to make any such tenants parties defendant to any
foreclosure proceedings or to foreclose or otherwise terminate
their rights will not be, nor be asserted by Mortgagor to be,
a defense to any such foreclosure proceedings or to any proceedings
seeking collection of all or any part of the Indebtedness, including,
without limitation, any deficiency remaining unpaid after the
completion of any such foreclosure, any sale in connection therewith
or any other transfer in extinguishment of all or any part of
the Indebtedness.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">3.7 </font><b><u><font face="serif">Suits To Protect Mortgaged Property</font></u></b><font face="serif">. Mortgagee is hereby irrevocably authorized, at Mortgagee&#146;s option, to institute and
maintain any and all suits and proceedings as Mortgagee may deem advisable after an Event of Default (a) to prevent any impairment of the Mortgaged Property or the security of this Mortgage by any unlawful acts or omissions, (b) to prevent the
occurrence or continuance of any violation of this Mortgage or any of the other Loan Documents, (c) to foreclose this Mortgage (after the occurrence of an Event of Default), and (d) to preserve and protect its interest in the Mortgaged Property.
</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">3.8 </font><b><u><font face="serif">Proofs of Claim</font></u></b><font face="serif">. In the case of any receivership, insolvency, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial case or proceeding affecting Mortgagor, Mortgagee, to the extent permitted by law, is hereby irrevocably authorized, at Mortgagee&#146;s option, to file such proofs of claim and other documents as may be necessary or advisable in
order to have its claims allowed in such case or proceeding for the entire Indebtedness, at the date of the institution of such case or proceeding, and for any additional amounts that may become due and payable under any of the Loan Documents after
such date.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">3.9 </font><b><u><font face="serif">Application of Moneys by Mortgagee</font></u></b><font face="serif">. Any moneys collected or received by Mortgagee in connection with the enforcement of its rights
or remedies following any Event of Default shall be applied, in such priority as Mortgagee may determine, to the payment of reasonable compensation, expenses and disbursements of the agents, contractors, attorneys and other representatives of
Mortgagee, to the payment of all or any part of the Indebtedness or for any other purpose authorized by any of the Loan Documents or by law.</font></p>
<table border=0 cellspacing=0 cellpadding=0>
<tr>
        <td nowrap valign=top>
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.10</font>&nbsp; &nbsp; &nbsp;        </td>
        <td width=100%>
<p align="justify"><b><u><font face="serif">No Waiver.</font></u></b></p>       </td>
</tr>
</table>
<p><font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No delay or omission of Mortgagee to
insist upon strict performance of any obligations of Mortgagor or any Guarantor under or in connection with this Mortgage or any of the other Loan Documents or to exercise any right, power or remedy available after the</font></p>
<p align="center">
<font size=2 face="serif">19</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_22"></a>

<p align="left">
<font face="serif">occurrence of any Event of Default shall waive, exhaust or impair any such obligation or any such right, power or remedy, nor shall any such delay or omission be construed to waive any such Event of Default or to constitute
acquiescence therein. Notwithstanding any such delay or omission, Mortgagee thereafter shall have the right, from time to time and as often as may be deemed expedient by Mortgagee, to insist upon and enforce strict performance of any and all
obligations of Mortgagor and any Guarantor under or in connection with this Mortgage or any of the other Loan Documents. Every right, power and remedy given to Mortgagee may be exercised from time to time and as often as may be deemed expedient by
Mortgagee. </font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(b) No waiver of any Event of Default shall extend to or affect any subsequent Event of Default or any other Event of Default then existing, nor shall any such waiver impair any rights, powers or
remedies consequent upon any Event of Default. After the occurrence of any Event of Default (whether or not the Indebtedness shall have been declared to be due and payable immediately), Mortgagee may accept payments of amounts owing in respect of
the Indebtedness, and no such acceptance shall waive any such Event of Default or result in any Indebtedness which shall have been declared to be due and payable no longer being due and payable.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">3.11 </font><b><u><font face="serif">Remedies Cumulative</font></u></b><font face="serif">. No right, power or remedy conferred upon or reserved to Mortgagee or to any receiver by any of the Loan
Documents, by law or by any court, is or shall be exclusive of any other right, power or remedy, but each and every such right, power and remedy shall be cumulative and concurrent and shall be in addition to each and every other right, power and
remedy given under any of the Loan Documents or now or hereafter existing at law, in equity or by statute.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">3.12 </font><b><u><font face="serif">Purchase by Mortgagee</font></u></b><font face="serif">. Upon any foreclosure sale, Mortgagee may bid for and purchase all or any part of the Mortgaged Property
and, upon compliance with the terms of sale, may hold, retain, possess and dispose of such property in its own absolute right without further accountability. Upon any foreclosure sale, Mortgagee may, if permitted by law, and after allowing for costs
and expenses of the sale, compensation and other charges, in paying the purchase price, apply all or any part of the Indebtedness in lieu of cash, to the amount which shall, upon distribution of the net proceeds of such sale, be payable in
connection therewith. </font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">3.13 </font><b><u><font face="serif">Discontinuance of Proceedings</font></u></b><u><font face="serif">. </font></u><font face="serif">If Mortgagee shall have proceeded to enforce any right or remedy
under this Mortgage by foreclosure, entry or otherwise and such proceedings shall have been discontinued or abandoned for any reason, or if such proceedings shall have resulted in a final determination adverse to Mortgagee, then and in every such
case, to the extent permitted by law and any determination of such proceedings, Mortgagor and Mortgagee shall be restored to their former positions and rights hereunder, and all rights, powers and remedies of Mortgagee shall continue as if no such
proceedings had occurred or had been taken. </font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">3.14 </font><b><u><font face="serif">Additional Security and Guaranty</font></u></b><font face="serif">. If Mortgagee at any time holds additional security for, or any guaranty of, all or any part of
the Indebtedness, Mortgagee may, to the extent permitted by law, foreclose such security or otherwise enforce Mortgagee&#146;s rights with respect to, or realize upon, such security or such guaranty (as the case may be), at Mortgagee&#146;s option,
either before or concurrently with or after a foreclosure or other enforcement of this Mortgage, without being deemed to have made an election thereby or to have accepted the benefits of such</font></p>
<p align="center">
<font size=2 face="serif">20</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_23"></a>

<p align="left">
<font face="serif">guaranty, the security of this Mortgage or such additional security (or the proceeds of such security) in full settlement of the Indebtedness and Mortgagee&#146;s rights with respect thereto. Any judgment, order or decree with
respect to the Note or with respect to any such guaranty or security, whether rendered in the State of New York or elsewhere, shall not in any manner affect the security of this Mortgage, and any deficiency or other debt represented by said
judgment, order or decree shall, to the extent permitted by law, be secured by this Mortgage to the same extent that the Indebtedness was secured hereby prior to the rendering of such judgment.</font></p>
<p align="left">
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.15 <b><u>Default Rate</u></b>. After the occurrence of any Event of Default until cured, the principal
portion of the Indebtedness shall, at Mortgagee&#146;s option,
bear interest at the Default Rate.</font></p>
<p align="center">
<table align="center">
  <tr><td align="center" nowrap>
  <center>
    <b><u><font face="serif">ARTICLE 4.</font></u></b><br>
      <b><u><font face="serif">MISCELLANEOUS</font></u></b>
  </center>
</td></tr></table>

<p align="left">
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 <b><u>Binding Effect; Survival; Number; Gender</u></b>. Whenever any of the parties hereto is referred to, such reference shall be deemed to include and apply to the successors and assigns of such party, subject to the provisions of <b>Section 1.15</b> hereof; and all
covenants, promises and agreements by or on behalf of Mortgagor in this Mortgage contained shall bind Mortgagor and also its successors and assigns and shall inure to the benefit of Mortgagee and its successors and assigns, whether elsewhere herein
so expressed or not. All representations and warranties contained herein or otherwise heretofore made by Mortgagor or any Guarantor to Mortgagee shall survive the execution and delivery hereof but are made of the date hereof. The singular of all
terms used herein shall include the plural, the plural shall include the singular, and the use of any gender herein shall include all other genders, where the context so requires or permits.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">4.2 </font><b><u><font face="serif">Severability</font></u></b><font face="serif">. The unenforceability or invalidity of any provision or provisions of this Mortgage as to any persons or
circumstances shall not render that provision nor any other provision or provisions herein contained unenforceable or invalid as to any other persons or circumstances, and all provisions hereof, in all other respects, shall remain valid and
enforceable. Mortgagee shall be subrogated for further security to the lien, whether or not released of record, of any and all encumbrances paid out of the proceeds of the Note or the Loan Agreement or out of any advances made by Mortgagee
hereunder.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">4.3 </font><b><u><font face="serif">Notices</font></u></b><font face="serif">. All notices, demands, requests, consents, approvals or other communications (any of the foregoing, a
&#147;</font><b><font face="serif">Notice</font></b><font face="serif">&#148;) required, permitted or desired to be given hereunder shall be in writing and shall be sent delivered by (a) registered or certified mail, postage prepaid, return receipt
requested, (b) Federal Express, Airborne or another reputable overnight courier, or (c) delivered by hand by commercial courier service, addressed to the party to be so notified at its address set forth below, or to such other address as such party
may hereafter specify in accordance with the provisions of this </font><u><font face="serif">Section 4.3</font></u><font face="serif">. Any Notice shall be deemed to have been received: (a) three (3) days after the date such Notice is mailed, unless
not actually received then (b) on the date of delivery by hand (or refusal to accept such delivery) if delivered during business hours on a Business Day (otherwise on the next Business Day), and/or (c) on the next Business Day if sent by an
overnight commercial courier. Notices shall be deemed effective if delivered by counsel to either party, as if given directly by such party. Notices shall be addressed as follows:</font></p>
<p align="center">
<font size=2 face="serif">21</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_24"></a>

<p align="left">
<table><tr><td nowrap>
<font face="serif">If to Mortgagor:</font></td></tr></table>

<p align="left">
<table width="100%"><tr>
    <td width="25%" nowrap>&nbsp;</td>
    <td width="75%" nowrap>
<font face="serif">Alexander&#146;s Rego Shopping Center, Inc.</font><br>
<font face="serif">c/o Vornado Realty Trust</font><br>
<font face="serif">210 Route 4 East</font><br>
<font face="serif">Paramus, New Jersey 07652</font><br>
<font face="serif">Attention: Chief Financial Officer</font><br>
<br>
<font face="serif">With a copy to, </font><br>
<font face="serif">c/o Vornado Realty Trust</font><br>
<font face="serif">888 Seventh Avenue</font><br>
<font face="serif">New York, New York 10019</font><br>
<font face="serif">Attn: Exec. VP, Capital Markets</font></td></tr></table>

<table border=0 cellspacing=0 cellpadding=0>
<tr valign="top">
        <td width=35%>&nbsp;
        </td>
        <td width=64% colspan=1><p><font face="serif">With a copy to the same address, Attn: Exec. VP, Retail</font></p>

        </td>
</tr>
<tr>
        <td colspan=2>&nbsp;

        </td>
</tr>
<tr valign="top">
        <td width=35%><p><font face="serif">with a copy to:</font></p>

        </td>
        <td width=64% colspan=1><p><font face="serif">Winston &amp; Strawn LLP 200 Park Avenue New York, NY 10166-4193 Attention: Patricia M. Dineen, Esq.</font></p>

        </td>
</tr>
<tr>
        <td colspan=2>&nbsp;

        </td>
</tr>
<tr valign="top">
        <td width=35%><p><font face="serif">If to Mortgagee:</font></p>

        </td>
        <td width=64% colspan=1><p><font face="serif">U.S. Bank National Association One Post Office Square, 29</font><sup><font face="serif">th </font></sup><font face="serif">Floor Boston, Massachusetts 12109 Attention: Real Estate Banking
Group</font></p>

        </td>
</tr>
<tr>
        <td colspan=2>&nbsp;

        </td>
</tr>
<tr valign="top">
        <td width=35%><p><font face="serif">with a copy to:</font></p>

        </td>
        <td width=64% colspan=1><p><font face="serif">U.S. Bank National Association 1650 Tysons Blvd., Suite 1580 McLean, VA 22102 Attn.: Real Estate Banking Division</font></p>

        </td>
</tr>
<tr>
        <td colspan=2>&nbsp;

        </td>
</tr>
<tr valign="top">
        <td width=35%><p><font face="serif">with a copy to:</font></p>

        </td>
        <td width=64% colspan=1><p><font face="serif">Halloran &amp; Sage LLP One Goodwin Square 225 Asylum Street Hartford, Connecticut 06103 Attn: James P. Maher, Esq.</font></p>

        </td>
</tr>
</table><br>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">Any party may change the address to which any such Notice is to be delivered by furnishing ten (10) days prior written notice of such change to the other parties in accordance with the provisions of
this </font><u><font face="serif">Section 4.3</font></u><font face="serif">. Notices shall be deemed to have been given on the date as set forth above, even if there is an inability to actually deliver any such Notice because of a changed address of
which no Notice was given, or there is a rejection or refusal to accept any Notice offered for delivery. All notices required under Section 34-25-10(b) and Section 34-25-11 of the General Laws of New York, as amended, shall be accepted by Mortgagee
at the address stated above.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">4.4 </font><b><u><font face="serif">Waiver of Trial by Jury</font></u></b><b><font face="serif">. MORTGAGOR AND MORTGAGEE, FOR THEMSELVES AND THEIR RESPECTIVE SUCCESSORS AND ASSIGNS,
HEREBY</font></b></p>
<p align="center">
<font size=2 face="serif">22</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_25"></a>

<p align="left">
<b><font face="serif">(a) AGREE THAT NEITHER OF THEM SHALL SEEK A JURY TRIAL IN ANY LAWSUIT, ACTION, PROCEEDING, COUNTERCLAIM OR OTHER LITIGATION PROCEDURE BASED UPON OR ARISING OUT OF OR OTHERWISE RELATING TO THE INDEBTEDNESS, THIS MORTGAGE, ANY OF
THE OTHER LOAN DOCUMENTS, ANY RELATED INSTRUMENT OR AGREEMENT, ANY COLLATERAL FOR ALL OR ANY PART OF THE INDEBTEDNESS, OR THE DEALINGS OR RELATIONSHIP BETWEEN OR AMONG MORTGAGOR, MORTGAGEE AND ANY GUARANTOR (OR ANY OF THEM) IN CONNECTION THEREWITH,
(b) IRREVOCABLY WAIVE ANY AND ALL RIGHT TO ANY SUCH JURY TRIAL, AND (c) AGREE THAT NEITHER OF THEM SHALL SEEK TO CONSOLIDATE ANY SUCH LAWSUIT, ACTION, PROCEEDING, COUNTERCLAIM OR OTHER LITIGATION PROCEDURE AS TO WHICH A JURY TRIAL HAS BEEN WAIVED
WITH ANY OTHER LAWSUIT, ACTION, PROCEEDING, COUNTERCLAIM OR OTHER LITIGATION PROCEDURE AS TO WHICH A JURY TRIAL CANNOT OR HAS NOT BEEN WAIVED. THIS SECTION HAS BEEN FULLY DISCUSSED BY MORTGAGOR AND MORTGAGEE, EACH OF WHOM HAS BEEN REPRESENTED BY
COUNSEL. THIS SECTION SHALL NOT BE SUBJECT TO ANY EXCEPTIONS, AND NO SUCH PERSON HAS IN ANY WAY AGREED WITH OR REPRESENTED TO ANY OTHER PERSON THAT THIS SECTION WILL NOT BE FULLY ENFORCED IN ALL INSTANCES.</font></b></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">4.5 </font><b><u><font face="serif">Acts of Mortgagee</font></u></b><font face="serif">. In the event Mortgagee (a) grants any extension of time or forbearance with respect to the payment of any
Indebtedness; (b) takes other or additional security for the payment thereof; (c) waives or fails to exercise any right, power or remedy granted herein, in the Note or in any other Loan Document; (d) grants any release, with or without
consideration, of the whole or any part of the security for the payment of the Indebtedness or the release of any person, party or entity liable for payment of said indebtedness; and/or (e) amends or modifies in any respect any of the terms and
provisions hereof, of the Note (including substitution of another note) or of any other Loan Document; then, and in any such event, such act or omission to act shall not release Mortgagor under any covenant of this Mortgage, of the Note, or of any
other Loan Document, nor preclude Mortgagee from exercising any right, power or privilege herein or therein granted or intended to be granted, and shall not in any way impair or affect the lien or priority of this Mortgage. In the event any
additional real property, improvements, leases, fixtures or personal property not herein specifically identified shall be or become a part of the Mortgaged Property, then this Mortgage shall immediately attach to and constitute a lien against or
security interest in such additional items, as appropriate, without further act or deed of either party hereto.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">4.6 </font><b><u><font face="serif">Applicable Law</font></u></b><font face="serif">. The Loan secured by this Mortgage was negotiated in the State of New York and the laws of the State of New York
shall govern the construction, interpretation, validity and legal effect of this Mortgage and the rights and duties of the parties hereunder, except the laws of the state in which the Mortgaged Property is located shall govern the procedures for
enforcing the rights and remedies of the Mortgagee hereunder. Notwithstanding any provision herein, in the Note or in any other Loan Document, the total liability for payments in the nature of interest hereunder and thereunder shall not exceed
interest at the maximum rate permitted by the laws of the State of New York on the Indebtedness, if any, and any amounts paid in excess of said maximum rate shall be applied to the principal balance of such</font></p>
<p align="center">
<font size=2 face="serif">23</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_26"></a>

<p align="left">
<font face="serif">indebtedness, unless said principal balance has been paid in full, in which event any such excess amounts shall be refunded to Mortgagor. This instrument shall be construed in accordance with its intent and with the fair meaning
of its provisions, and without regard to any presumption or other rule requiring construction against the party which caused the same to be drafted. </font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">4.7 </font><b><u><font face="serif">Counterparts</font></u></b><font face="serif">. This Mortgage may be executed simultaneously in two (2) or more identical counterparts, each of which, standing
alone, shall be an original, but all of which shall constitute but one (1) agreement.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">4.8 </font><b><u><font face="serif">Release of Mortgage</font></u></b><font face="serif">. If all of the Indebtedness be paid as the same becomes due and payable and all of the covenants, warranties,
undertakings and agreements made in this Mortgage are kept and performed, and all obligations, if any, of Mortgagee for further advances have been terminated, then, and in that event only, all rights under this Mortgage shall terminate (except to
the extent expressly provided herein with respect to indemnifications, representations and warranties and other rights which are to continue following the release hereof) and the Mortgaged Property shall become wholly clear of the liens, security
interests, conveyances and assignments evidenced hereby, and such liens and security interests shall be released by Mortgagee in due form at Mortgagor&#146;s cost or at Mortgagor&#146;s option, assigned as provided in the last paragraph of this
Mortgage. Without limitation, all provisions herein for indemnity of Mortgagee or Mortgagee shall survive discharge of the Indebtedness and any foreclosure, release or termination of this Mortgage.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">4.9 </font><b><u><font face="serif">Invalidity of Certain Provisions</font></u></b><font face="serif">. A determination that any provision of this Mortgage is unenforceable or invalid shall not affect
the enforceability or validity of any other provision and the determination that the application of any provision of this Mortgage to any person or circumstance is illegal or unenforceable shall not affect the enforceability or validity of such
provision as it may apply to other persons or circumstances.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">4.10 </font><b><u><font face="serif">Successors and Assigns</font></u></b><font face="serif">. The terms, provisions, covenants and conditions hereof shall be binding upon Mortgagor, and the heirs,
devisees, representatives, successors and assigns of Mortgagor, and shall inure to the benefit of Mortgagee and Mortgagee and shall constitute covenants running with the Premises and the leasehold estate. All references in this Mortgage to Mortgagor
shall be deemed to include all such heirs, devisees, representatives, successors and assigns of Mortgagor.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">4.11 </font><b><u><font face="serif">No Partnership, Etc</font></u></b><font face="serif">. The relationship between Mortgagee and Mortgagor is solely that of lender and borrower. Mortgagee has no
fiduciary or other special relationship with Mortgagor. Nothing contained in the Loan Documents is intended to create any partnership, joint venture, association or special relationship between Mortgagor and Mortgagee or in any way make Mortgagee a
co-principal with Mortgagor with reference to the Mortgaged Property. All agreed contractual duties between or among Mortgagee, Mortgagor and Mortgagee are set forth herein and in the other Loan Documents and any additional implied covenants or
duties are hereby disclaimed. Any inferences to the contrary of any of the foregoing are hereby expressly negated.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">4.12 </font><b><u><font face="serif">Capitalized Terms</font></u></b><b><font face="serif">. </font></b><font face="serif">Capitalized terms not otherwise defined herein shall have the meaning
ascribed to them in the Loan Agreement.</font></p>
<p align="center">
<font size=2 face="serif">24</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_27"></a>
<p>&nbsp;</p>
<p><font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13</font> <b><u><font face="serif">Special
        Provisions</font></u></b><font face="serif">.
    Notwithstanding any contrary provisions contained herein:
    (a) <u>Non-Residential Property</u>.
This Mortgage does not cover real property principally improved by one or more structures containing in the aggregate not more than six (6) residential dwelling units having their own separate cooking facilities. </font></p>
<p align="left">
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Security Deposits</u>. In furtherance of and not in limitation of any other provisions of this Mortgage, any pledge or assignment of security deposits is subject to Sections 7-103, 7-105 and 7-106 of the New York General Obligations Law.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(c) </font><u><font face="serif">Maximum Principal Indebtedness</font></u><font face="serif">. The parties hereto intend that this Mortgage shall secure unpaid balances of the indebtedness secured
hereby whether incurred by Mortgagor at the date hereof or after this Mortgage is delivered for recordation in the official records of the county in which the Mortgaged Property is located. The maximum principal amount of the indebtedness which is
or under any contingency may be secured at the date of execution hereof or at any time thereafter by this Mortgage is &#36;78,245,641.77.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(d) </font><u><font face="serif">Section 254</font></u><font face="serif">. The clauses and covenants contained herein which are construed by Section 254 of the Real Property Law of the State of New
York shall, except as otherwise expressly provided herein, be construed as provided in that Section; the additional clauses and covenants contained herein shall afford rights supplemental to and not exclusive of the rights conferred by the clauses
and covenants construed by said Section 254 and shall not impair, modify, alter or defeat such rights notwithstanding that such additional clauses and covenants may relate to the same subject matter or provide for different or additional rights in
the same or similar contingencies as the clauses and covenants construed by said Section 254; the clauses and covenants herein which are similar to those contained in said Section 254 but which afford additional rights to Mortgagee or to Mortgagor,
shall supersede the clauses and covenants contained in Section 254.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(e) </font><u><font face="serif">RPAPL</font></u><font face="serif">. If an Event of Default shall occur and be continuing, Mortgagee may elect to sell (and, in the case of any default of any
purchaser, resell) the Mortgaged Property or any part thereof by exercise of the power of foreclosure or of sale granted to Mortgagee by Articles 13 or 14 of the New York Real Property Actions and Proceedings Law (the &#147;RPAPL&#148;). In such
case, Mortgagee may commence a civil action to foreclose this Mortgage pursuant to Article 13 of the RPAPL.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(f) </font><u><font face="serif">New York Real Property Law Article 4-A</font></u><font face="serif">. If this Mortgage shall be deemed to constitute a &#147;mortgage investment&#148; as defined by
New York Real Property Law Section 125, then this Mortgage shall and hereby does confer upon Mortgagee the powers, and impose upon Mortgagor the duties, of trustees set forth in New York Real Property Law Section 126.</font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">(g) </font><u><font face="serif">Trust Fund</font></u><font face="serif">. Pursuant to Section 13 of the Lien Law of New York, Mortgagor shall receive the advances secured hereby and shall hold the
right to receive such advances as a trust fund to be applied first for the purpose of paying the cost of any improvement and shall apply such advances first to the payment of the cost of any such improvement on the Mortgaged Property before using
any part of the total of the same for any other purpose.</font></p>
<p align="center">
<font size=2 face="serif">25</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_28"></a>

<p align="left">
<font face="serif">Mortgagor will indemnify and hold Mortgagee harmless from and against any loss, liability, cost or expense, including any judgments, attorneys&#146; fees, costs of appeal bonds or printing costs, arising out of or relating to any
proceedings instituted by any claimant alleging a violation by Mortgagor of Article 3-A of the New York Lien Law.</font></p>
<p align="left">
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Statement in Accordance with Section 274-a of the New York Real Property Law</u>. Mortgagee shall, within fifteen (15) days after written request, provide Mortgagor with the statement required by Section 274-a of the New York Real Property Law.</font></p>
<p align="left">
<font face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>Article 3-A
of the Lien Law</u>. Mortgagor agrees
that it shall indemnify and hold Mortgagee and its successors and assigns harmless against any loss, liability, cost or expense arising out of or relating to any proceedings instituted by any claimant alleging priority over the lien of this Mortgage or
alleging a violation by Mortgagor or Mortgagee of any section of Article 3-A of the New York Lien Law. </font></p>
<p align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font face="serif">NOW THEREFORE, if Mortgagor shall pay or cause to be paid (i) the principal and the premium, if any, and interest on the Note and (ii) all other Indebtedness and sums payable hereunder, and if
Mortgagor shall comply with all the terms, conditions and requirements hereof, then this Mortgage shall be null and void and of no further force and effect and shall be released by Mortgagee upon the written request of Mortgagor with all reasonable
costs relating to the recordation of such release paid by Mortgagor, otherwise to remain in full force and effect. Notwithstanding the foregoing, if requested by Mortgagor, and upon payment of (i) the principal and the premium, if any, and interest
on the Note and (ii) all other Indebtedness and sums payable hereunder, and if Mortgagor has complies with all the terms, conditions and requirements hereof, Mortgagee will assign this Mortgage and deliver the Note with an allonge to such party as
Mortgagor shall designate, without recourse, representation or warranty whatsoever except a representation that Mortgagee has not previously assigned, and, if requested by Mortgagor, shall provide an executed termination and release with respect to
the other Loan Documents, except to the extent that any obligations under such Loan Documents, by their terms or by applicable law, survive the repayment of the Loan. If any original note is lost or destroyed, Mortgagee shall provide a reasonable
lost note affidavit. Mortgagor shall pay Mortgagee&#146;s reasonable costs incurred in discharging or assigning this Mortgage, as applicable.</font></p>
<p align="center">
<i><font face="serif">[Remainder of page intentionally left blank; signature page follows.]</font></i></p>
<p align="center">
<font size=2 face="serif">26</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_29"></a>

<p align="left">
<font face="serif">IN WITNESS WHEREOF, Mortgagor has caused this
Mortgage to be executed as of the </font><font face="serif">day
and year first above written.</font></p>
<p align="left">
<table><tr><td nowrap>&nbsp;</td>
</tr></table>

<table border=0 cellspacing=0 cellpadding=0>
<tr valign="top">
        <td width=38%><p><font face="serif">Signed and Acknowledged</font></p>
<p><font face="serif">in the Presence of:</font></p>

        </td>
        <td width=61% colspan=1><p><font face="serif">ALEXANDER&#146;S REGO SHOPPING CENTER, INC.</font></p>

        </td>
</tr>
<tr valign="top">
        <td width=38%><p><br>
          <font face="serif">__________________________________<br>
        Name: <br>
        &nbsp; </font></p>
    </td>
        <td width=61% colspan=1><p><font face="serif">By:<br>___________________________________<br> Name: <br>
        Its:</font></p>

        </td>
</tr>
</table><br>
<table border=0 cellspacing=0 cellpadding=0>
<tr valign="bottom">
        <td align=left width=63% nowrap>
<font size=2 face="serif">STATE OF NEW YORK</font>&nbsp;
        </td>
        <td  width=2%  >&nbsp;
        </td>
        <td align=right width=20% nowrap>
<font size=2 face="serif">:</font>&nbsp;
        </td>
        <td  width=2%  >&nbsp;
        </td>
        <td align=right width=12% nowrap>&nbsp;

        </td>
</tr>
<tr valign="bottom">
        <td align=left width=63% nowrap>&nbsp;

        </td>
        <td  width=2%  >&nbsp;
        </td>
        <td align=right width=20% nowrap>
<font size=2 face="serif">:</font>&nbsp;
        </td>
        <td  width=2%  >&nbsp;
        </td>
        <td align=right width=12% nowrap>
<font size=2 face="serif">SS</font>&nbsp;
        </td>
</tr>
<tr valign="bottom">
        <td align=left width=63% nowrap>
<font size=2 face="serif">COUNTY OF</font>&nbsp;
        </td>
        <td  width=2%  >&nbsp;
        </td>
        <td align=right width=20% nowrap>
<font size=2 face="serif">:</font>&nbsp;
        </td>
        <td  width=2%  >&nbsp;
        </td>
        <td align=right width=12% nowrap>&nbsp;

        </td>
</tr>
</table><br>
<p align="left">
<font face="serif">On the ____ day of March, in the year 2009, before me, the undersigned, personally appeared __________________________, the
_______________________________of Alexander&#146;s Rego Shopping
Center, Inc., personally  known to me or proved to me on the
basis of satisfactory evidence to be the individual whose name
is subscribed to the within instrument and acknowledged to me
that he executed the same in his capacity, and that by his signature
on the instrument,  the individual or the person upon behalf
of which the individual acted, executed the instrument.</font></p>
<p align="center">
<table><tr><td align="center" nowrap>
<font face="serif">__________________________________</font><br>
<font face="serif"> Notary Public</font><br>
<font face="serif"> My Commission Expires:</font></td></tr></table>

<p align="left">
<font face="serif">[Signature Page to Amended and Restated Mortgage, Security Agreement, Fixture Filing and Assignment of Leases and Rents]</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_30"></a>




<img src="ax31x1.jpg" border=0>
<br>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_32"></a>




<p align="center">
<table><tr><td align="center" nowrap>
<font face="serif">SCHEDULE B</font></td></tr></table>

<p align="center">
<table><tr><td align="center" nowrap>
<font face="serif">[Permitted Encumbrances]</font></td></tr></table>

<table border=0 cellspacing=0 cellpadding=0>
<tr>
        <td nowrap valign=top>
<font face="serif">1.</font>&nbsp; &nbsp; &nbsp;        </td>
        <td width=100% colspan=2>
<p align="justify"><font face="serif">Survey made by Gerald T. O&#146;Buckley dated April 20, 1999 shows premises improved by a</font></p>        </td>
</tr>
<tr>
<td>&nbsp;</td> <td nowrap valign=top>
<font face="serif">2</font>&nbsp; &nbsp; &nbsp;         </td>
        <td width=100%>
<p align="justify"><font face="serif">story and basement brick store with 2 story and basement brick addition and masonry</font></p>        </td>
</tr>
<tr>
<td>&nbsp;</td> <td width=100% colspan=2>
<p align="justify"><font face="serif">garage and the following:</font></p>
        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr><tr>
<td>&nbsp;</td> <td width=100% colspan=2>
<p align="justify"><font face="serif">a. Projections on 62nd Drive: lights up to 2.2 feet and stand pipe up to 0.4 feet.</font></p>
        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr><tr>
<td>&nbsp;</td> <td width=100% colspan=2 nowrap>
<p align="justify"><font face="serif">b. Projections on 97th
    Street: signs up to 1.5 feet; lights up to 0.3 feet; stand
    pipe up to 0.4</font> <font face="serif">feet.</font></p>
        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr><tr>
<td>&nbsp;</td><td>&nbsp;</td>  <td width=100%>
<p align="justify"><font face="serif"> </font></p>
        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr><tr>
<td>&nbsp;</td> <td width=100% colspan=2>
<p align="justify"><font face="serif">c. Projections on 63rd Road: lights up to 1.0 foot and signs up to 1.0 foot.</font></p>
        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr><tr>
<td>&nbsp;</td> <td width=100% colspan=2>
<p align="justify"><font face="serif">d. Projections on Junction Boulevard: lights up to 1.0 foot; copings up to 0.75 feet; signs</font><br>
  <font face="serif">up to 1.0 foot and stand pipes up to 0.4
      feet.</font></p>
        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr>
<tr>
<td>&nbsp;</td> <td width=100% colspan=2>
<p align="justify"><font face="serif">Subject to any changes that would be shown on an accurate survey made since April 20, 1999.</font></p>
        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">2.</font>&nbsp; &nbsp; &nbsp;        </td>
        <td width=100% colspan=2>
<p align="justify"><font face="serif">Covenants and Restrictions recorded in Liber 2690 Page 430.</font></p>        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">3.</font>&nbsp; &nbsp; &nbsp;        </td>
        <td width=100% colspan=2>
<p align="justify"><font face="serif">Covenants and Restrictions recorded in Liber 2664 Page 420.</font></p>        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">4.</font>&nbsp; &nbsp; &nbsp;        </td>
        <td width=100% colspan=2>
<p align="justify"><font face="serif">Covenants and Restrictions recorded in Liber 2689 Page 115.</font></p>        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">5.</font>&nbsp; &nbsp; &nbsp;        </td>
        <td width=100% colspan=2>
<p align="justify"><font face="serif">Covenants and Restrictions recorded in Liber 2666 Page 180.</font></p>        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">6.</font>&nbsp; &nbsp; &nbsp;        </td>
        <td width=100% colspan=2>
<p align="justify"><font face="serif">Covenants and Restrictions recorded in Liber 2686 Page 284,</font></p>        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">7.</font>&nbsp; &nbsp; &nbsp;        </td>
        <td width=100% colspan=2>
<p align="justify"><font face="serif">Covenants and Restrictions recorded in Liber 2664 Page 432.</font></p>        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">8.</font>&nbsp; &nbsp; &nbsp;        </td>
        <td width=100% colspan=2>
<p align="justify"><font face="serif">Covenants and Restrictions recorded in Liber 2664 Page 441.</font></p>        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">9.</font>&nbsp; &nbsp; &nbsp;        </td>
        <td width=100% colspan=2>
<p align="justify"><font face="serif">Covenants and Restrictions recorded in Liber 2664 Page 442.</font></p>        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">10.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100% colspan=2>
<p align="justify"><font face="serif">Covenants and Restrictions recorded in Liber 2664 Page 455.</font></p>        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">11.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100% colspan=2>
<p align="justify"><font face="serif">Covenants and Restrictions recorded in Liber 2664 Page 457.</font></p>        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">12.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100% colspan=2>
<p align="justify"><font face="serif">Covenants and Restrictions recorded in Liber 2664 Page 467.</font></p>        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">13.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100% colspan=2>
<p align="justify"><font face="serif">Covenants and Restrictions recorded in Liber 2664 Page 468.</font></p>        </td>
</tr>
<tr><td colspan=3>&nbsp;</td></tr></table>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_34"></a>

<table width="100%" border=0 cellpadding=0 cellspacing=0>
<tr>
        <td nowrap valign=top>
<font face="serif">14.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td>
<p align="justify"><font face="serif">Covenants and Restrictions recorded in Liber 2666 Page 195.</font></p>    </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">15.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td>
<p align="justify"><font face="serif">Covenants and Restrictions recorded in Liber 2668 Page 419.</font></p>    </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">16.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td>
<p align="justify"><font face="serif">Covenants and Restrictions recorded in Liber 2668 Page 422.</font></p>    </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">17.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td>
<p align="justify"><font face="serif">Covenants and Restrictions recorded in Liber 2668 Page 425.</font></p>    </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">18.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td>
<p align="justify"><font face="serif">Covenants and Restrictions recorded in Liber 2825 Page 5.</font></p>    </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">19.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td>
<p align="justify"><font face="serif">Declaration recorded in Liber 3624 Page 89.</font></p>    </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">20.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td>
<p align="justify"><font face="serif">Consent and Authorization
    for the Construction, Maintenance and Operation of a Subway
    <font face="serif">Staircase set forth in Liber 3448 Page
    454.</font></font></p>    </td>
</tr>
</table>

<table><tr><td nowrap>&nbsp;</td>
</tr></table>

<table border=0 cellspacing=0 cellpadding=0>
<tr>
        <td nowrap valign=top>
<font face="serif">21.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Easement to the BROOKLYN UNION GAS COMPANY recorded in Liber 6805 Page 1. (Affects the roadbed of 62nd Drive on the south side between Junction Boulevard and 99th Street).</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">22.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Water Main Easement to the CITY OF NEW YORK recorded in Liber 7442 Page 456. (Affects 97th Street which includes the easterly 10 feet of Parcel).</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">23.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Water Main Easement to the CITY OF NEW YORK recorded in Liber 7442 Page 460. (Affects 62nd Drive)</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">24.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Terms, Covenants and Conditions of the Indenture recorded in Liber 6297 Page 149, as amended by Liber 6297 Page 159 and by Liber 6800 Page 84. Pertain to the Elimination of Streets.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">25.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Declaration of Restrictions recorded in Liber 6696 Page 40, as amended by Agreement recorded in Liber 7744 Page 339.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">26.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Agreement for Sewage Pumping Station recorded in Liber 6696 Page 45.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">27.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Terms, Covenants and Conditions of the Declaration of Covenants and Restrictions recorded in Reel 926 Page 1291, as amended by Agreement in Reel 2341 Page 1794.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">28.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Terms, Covenants and Conditions of the Easement Agreement recorded in Reel 926 Page 1282.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">29.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Terms, Covenants and Conditions of the Agreement recorded in Reel 932 Page 207.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">30.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Terms, Covenants and Conditions of the Subway Entrance Agreement in Reel 2342 Page 2288.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">31.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Easement for Parking (Block 2080, Lot 1) to ALEXANDER&#146;S INC., dated 3/29/1995,</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr></table>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_35"></a>

<table border=0 cellspacing=0 cellpadding=0>
<tr>
<td>&nbsp;</td> <td width=100%>
<p align="justify"><font face="serif">recorded 3/30/1995 in Reel 4097 Page 818.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">32.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Waiver of Legal Grade in Reel 4165 Page 2009.</font></p>        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">33.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Terms, Covenants, Conditions and Provisions of the Lease dated 3/1/1995 between ALEXANDER&#146;S, INC. (landlord) and MARSHALLS OF RICHFIELD, MN, INC., (tenant), a Memorandum of Lease having been recorded in
Reel 4110 Page 751.</font></p>        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
<td>&nbsp;</td> <td width=100%>
<p align="justify"><font face="serif">With Regard Thereto:</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
<td>&nbsp;</td> <td width=100%>
<p align="justify"><font face="serif">Subordination, Non-disturbance and Attornment Agreement made by and between UNION BANK OF SWITZERLAND (New York Branch), ALEXANDER&#146;S INC. and MARSHALLS OF RICHFIELD, MN., INC. dated 3/29/95, recorded
12/2/96 in Reel 4474 Page 1385.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">34.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Terms, Covenants, Conditions and Provisions of the Lease dated 12/1/1992 between ALEXANDER&#146;S INC., landlord and the CALDOR CORPORATION, tenant, a Notice of Lease having been recorded on 12/9/1992 in Reel
3458 Page 680.</font></p>        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">35.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Terms, Covenants, Conditions
    and Provisions of a Subordination, Non-Disturbance and Attornment
    Agreement between the CALDOR CORPORATION and UNION BANK OF</font> <font face="serif">SWITZERLAND
    (New York Branch) as agent, dated March 29, 1995 and recorded
    March 30, 1995 in Reel 4097 Page 866.</font></p>    </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr>
<tr>
        <td nowrap valign=top>
<font face="serif">36.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Terms, Covenants, Conditions and Agreement of Lease from ALEXANDER&#146;S, INC. (landlord) and SEARS ROEBUCK AND CO. (tenant) dated March 14, 1994 and recorded April 29, 1994 in Reel 3860 Page 638.</font></p>        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">37.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Terms, Covenants, Conditions
    and Provisions of a Subordination, Non-Disturbance and Attornment
    Agreement between SEARS ROEBUCK AND CO. and UNION BANK OF</font> <font face="serif">SWITZERLAND
    (New York Branch) as Agent dated March 29, 1995 and recorded
    March 30, 1995 in Reel 4097 Page 880, as assigned to THE
    CHASE MANHATTAN BANK by Reel 5263 Page 2297</font></p>    </td>
</tr>

<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">38.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Terms, Covenants, Conditions
    and Provisions of a Subordination, Non-Disturbance and Attornment
    Agreement between MARSHALLS OF RICHFIELD, MN, INC. and UNION</font> <font face="serif">BANK
    OF SWITZERLAND (New York Branch) as Agent dated March 23,
    1995 and recorded March 30, 1995 in Reel 4097 Page 891, as
    assigned to THE CHASE MANHATTAN BANK by Reel 5263 Page 2292.</font></p>    </td>
</tr>

<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">39.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Terms, Covenants, Conditions and Provisions of a Subordination Agreement dated March 25, 1995, recorded March 30, 1995 in Reel 4097 Page 848.</font></p>        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">40.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Final Certificate of Eligibility recorded 12/11/02 in Reel 6687 Page 1660.</font></p>        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">41.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Tax Lien Certificate recorded in Reel 4359 Page 546, as assigned to THE CITY OF NEW</font></p>        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr></table>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_36"></a>

<table border=0 cellspacing=0 cellpadding=0>
<tr>
<td>&nbsp;</td> <td width=100%>
<p align="justify"><font face="serif">YORK by Tax Lien Assignment dated 12/27/96, recorded 1/3/97 in Reel 4497 Page 420.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">42.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">On 5/21/96, the CITY OF NEW YORK DEPARTMENT OF FINANCE conducted a Tax Lien Sale. All Charges identified as Paid through Tax Lien Sale continue to be liens subject to the Lien Sale Provisions.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">43.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Terms, Provisions, Covenants and Agreements as contained in the Lease made by and between ALEXANDER&#146;S OF REGO PARK, INC. and BED BATH &amp; BEYOND, INC., a Memorandum of which is dated 12/12/96, recorded
9/29/98 in Reel 4986 Page 1951.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr></table>

<table><tr><td width=36>&nbsp;</td><td nowrap>
<font face="serif">With Regard Thereto;</font></td></tr></table>

<table border=0 cellspacing=0 cellpadding=0>
<tr>
        <td nowrap valign=top>
<font face="serif">a)</font>&nbsp; &nbsp; &nbsp;        </td>
        <td width=100%>
<p align="justify"><font face="serif">Subordination, Attornment and Non-Disturbance Agreement made by and between UNION BANK OF SWITZERLAND, ALEXANDER&#146;S OF REGO PARK, INC. and BED BATH &amp; BEYOND, INC. dated 12/12/96, recorded 9/29/98 in Reel
4986 Page 1957, as assigned to THE CHASE MANHATTAN BANK by assignment dated 5/12/99, recorded 6/7/99 in Reel 5263 Page 2287.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr></table>
<p align="left">
<font face="serif">44. Terms, Provisions, Covenants and Agreements as contained in the unrecorded Lease made by and between ALEXANDER&#146;S OF REGO PARK, INC. and THE GAP, INC. dated 3/1/97.</font></p>

<table><tr><td width=36>&nbsp;</td><td nowrap>
<font face="serif">With Regard Thereto:</font></td></tr></table>

<table border=0 cellspacing=0 cellpadding=0>
<tr>
        <td nowrap valign=top>
<font face="serif">a)</font>&nbsp; &nbsp; &nbsp;        </td>
        <td width=100%>
<p align="justify"><font face="serif">Agreement made by and between THE CHASE MANHATTAN BANK, ALEXANDER&#146;S OF REGO PARK, INC. and THE GAP, INC. dated 5/12/99, recorded 6/7/99 in Reel 5263 Page 2425.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">b)</font>&nbsp; &nbsp; &nbsp;        </td>
        <td width=100%>
<p align="justify"><font face="serif">Subordination, Attornment and Non-Disturbance Agreement made by and between UNION BANK OF SWITZERLAND, ALEXANDER&#146;S OF REGO PARK, INC. and THE GAP, INC. dated 3/1/97, recorded 6/12/97 in Reel 4606 Page
1356.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr></table>
<table border=0 cellspacing=0 cellpadding=0>
<tr>
        <td nowrap valign=top>
<font face="serif">45.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Terms, Provisions, Covenants and Agreements as contained in the Lease made by and between ALEXANDER&#146;S OF REGO PARK, INC. and CIRCUIT CITY STORES, INC., a Memorandum of which is dated 12/12/96, recorded
9/29/98 in Reel 4986 Page 1990.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr></table>

<table><tr><td width=36>&nbsp;</td><td nowrap>
<font face="serif">With Regard Thereto:</font></td></tr></table>

<table border=0 cellspacing=0 cellpadding=0>
<tr>
        <td nowrap valign=top>
<font face="serif">a)</font>&nbsp; &nbsp; &nbsp;        </td>
        <td width=100%>
<p align="justify"><font face="serif">Subordination, Attornment and Non-Disturbance Agreement made by and between UNION BANK OF SWITZERLAND, ALEXANDER&#146;S OF REGO PARK, INC. and CIRCUIT CITY STORES, INC. dated 12/12/96, recorded 4/16/99 in Reel
5194 Page 834, as assigned to THE CHASE MANHATTAN BANK by assignment dated 5/12/99, recorded 6/7/99 in Reel 5263 Page 2282.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr></table>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_37"></a>

<p align="left">
<font face="serif">46. Easement Agreement made between ALEXANDER&#146;S OF REGO PARK II, INC. and ALEXANDER&#146;S REGO SHOPPING CENTER INC. dated 1/6/06, recorded 2/8/06 in CRFN 2006000077479.</font></p>
<p align="left">
<table><tr><td width=36>&nbsp;</td><td nowrap>
<font face="serif">With Regard Thereto:</font></td></tr></table>

<table border=0 cellspacing=0 cellpadding=0>
<tr>
        <td nowrap valign=top>
<font face="serif">a)</font>&nbsp; &nbsp; &nbsp;        </td>
        <td width=100%>
<p align="justify"><font face="serif">Amended and Restated Easement Agreement made between ALEXANDER&#146;S OF REGO PARK II, INC. and ALEXANDER&#146;S REGO SHOPPING CENTER INC. dated 12/21/07, recorded 2/14/08 in CRFN 2008000062504.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr></table>
<table border=0 cellspacing=0 cellpadding=0>
<tr>
        <td nowrap valign=top>
<font face="serif">47.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">10 foot Easement along the easterly portion of described premises as shown on Tax Map.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">48.</font>&nbsp; &nbsp; &nbsp;       </td>
        <td width=100%>
<p align="justify"><font face="serif">Judgment*:</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr></table>
<table border=0 cellspacing=0 cellpadding=0>
<tr valign="bottom">
        <td align=left width=5% nowrap>&nbsp;        </td>
        <td  align=left width=3% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=16% nowrap>
<font size=2 face="serif">Debtor:</font>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td   align=right width=3% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=64% nowrap>
          <div align="left"><font size=2 face="serif">ALEXANDERS REGO SHOPPING CT</font>&nbsp;          </div></td>
</tr>
<tr valign="bottom">
        <td align=left width=5% nowrap>&nbsp;        </td>
        <td   align=left width=3% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=16% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td   align=right width=3% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=64% nowrap>
          <div align="left"><font size=2 face="serif">9605 QUEENS BLVD, REGO PARK 11374 0113</font>&nbsp;          </div></td>
</tr>
<tr valign="bottom">
        <td align=left width=5% nowrap>&nbsp;        </td>
        <td   align=left width=3% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=16% nowrap>
<font size=2 face="serif">Creditor:</font>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td  align=right width=3% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=64% nowrap>
          <div align="left"><font size=2 face="serif">CRIMINAL COURT OF THE CITY OF NEW YORK</font>&nbsp;          </div></td>
</tr>
<tr valign="bottom">
        <td align=left width=5% nowrap>&nbsp;        </td>
        <td   align=left width=3% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=16% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td  align=right width=3% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=64% nowrap>
          <div align="left"><font size=2 face="serif">125-01 QUEENS BLVD, QUEENS, 11</font>&nbsp;          </div></td>
</tr>
<tr valign="bottom">
        <td align=left width=5% nowrap>&nbsp;        </td>
        <td   align=left width=3% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=16% nowrap>
<font size=2 face="serif">Amount:</font>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td   align=right width=3% nowrap>
<font size=2 face="serif">&#36;</font>        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=64% nowrap>
          <div align="left"><font size=2 face="serif">500.00</font>&nbsp;          </div></td>
</tr>
<tr valign="bottom">
        <td align=left width=5% nowrap>&nbsp;        </td>
        <td   align=left width=3% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=16% nowrap>
<font size=2 face="serif">Docketed:</font>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td   align=right width=3% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=64% nowrap>
          <div align="left"><font size=2 face="serif">9/10/04</font>&nbsp;          </div></td>
</tr>
<tr valign="bottom">
        <td align=left width=5% nowrap>&nbsp;        </td>
        <td  align=left width=3% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=16% nowrap>
<font size=2 face="serif">Perfected:</font>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td   align=right width=3% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=64% nowrap>
          <div align="left"><font size=2 face="serif">9/9/04</font>&nbsp;          </div></td>
</tr>
<tr valign="bottom">
        <td align=left width=5% nowrap>&nbsp;        </td>
        <td  align=left width=3% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=16% nowrap>
<font size=2 face="serif">Attorney:</font>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td >&nbsp;    </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=64% nowrap>
          <div align="left"><font size=2 face="serif">DISTRICT ATTORNEY OF QUEENS COUNTY</font>&nbsp;          </div></td>
</tr>
<tr valign="bottom">
        <td align=left width=5% nowrap>&nbsp;        </td>
        <td  align=left width=3% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=16% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td   align=right width=3% nowrap>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=64% nowrap>
          <div align="left"><font size=2 face="serif">125-01 QUEENS BLVD, QUEENS 11415</font>&nbsp;          </div></td>
</tr>
<tr>
        <td colspan=8>&nbsp;        </td>
</tr>
<tr valign="bottom">
        <td align=left width=5% nowrap>
<font size=2 face="serif">49</font>        </td>
        <td   align=left width=3% nowrap>
<font size=2 face="serif">.</font>&nbsp;        </td>
        <td  width=2%  >&nbsp;        </td>
        <td align=right width=87% nowrap colspan=5>
<font size=2 face="serif">Environmental Control Board Lien filed as of 1/31/09*:</font>&nbsp;        </td>
</tr>
</table>
<br>
<p align="left">
<font face="serif">ALEXANDER REGO PARK CENTER INC</font><br>
<font face="serif">96-05 QUEENS BOULEVARD, QUEENS, NY 11374 <br>
Violation #:038160749L - Docket Date: 1/09 - Amount: &#36;350.00</font></p>
<p align="left">
<font face="serif">50. Any water meter and sewer rent charges.</font></p>
<p align="left">
<font face="serif">*Alexander&#146;s Rego Shopping Center, Inc. agrees that it will address these matters in the ordinary course.</font></p>

<hr noshade align="center" width="100%" size=2>

<p style='page-break-before:always'></p><page>
<a name="page_38"></a>

<p align="center">
<table align="center">
  <tr><td align="center" nowrap>
<u><font face="serif">Exhibit A</font></u></td></tr></table>
<p align="center">

<table align="center">
  <tr><td align="center" nowrap>
  <center>
    <font face="serif">Schedule of Mortgages and Assignments</font>
  </center>
</td></tr></table>

<table border=0 cellspacing=0 cellpadding=0>
<tr>
        <td nowrap valign=top>
<font face="serif">1.</font>&nbsp; &nbsp; &nbsp;        </td>
        <td width=100%>
<p align="justify"><b><font face="serif">Building Loan Mortgage, Assignment of Leases and Rents and Security Agreement </font></b><font face="serif">dated March 29, 1995 in the principal amount of &#36;38,739,611.00 by Alexander&#146;s, Inc., a
Delaware Corporation to Union Bank of Switzerland, recorded on March 30, 1995 in Reel 4097, Page 746 in the Office of the City Register of the City of New York, Queens County. CERTIFIED COPY</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
<td>&nbsp;</td> <td width=100%>
<p align="justify"><b><font face="serif">Assignment of Mortgage </font></b><font face="serif">dated May 12, 1999 by UBS AG, Stamford Branch (successor to Union Bank of Switzerland) to The Chase Manhattan Bank, a New York banking corporation,
recorded on June 7, 1999 in Reel 5263, Page 2270 in the Office of the City Register of the City of New York, Queens County.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
        <td nowrap valign=top>
<font face="serif">2.</font>&nbsp; &nbsp; &nbsp;        </td>
        <td width=100%>
<p align="justify"><b><font face="serif">Project Loan Mortgage, Assignment of Leases and Rents and Security Agreement </font></b><font face="serif">dated March 29, 1995 in the principal amount of &#36;46,260,389.00 by Alexander&#146;s, Inc., a
Delaware Corporation to Union Bank of Switzerland, recorded on March 30, 1995 in Reel 4097, Page 780 in the Office of the City Register of the City of New York, Queens County. CERTIFIED COPY</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
<td>&nbsp;</td> <td width=100%>
<p align="justify"><b><font face="serif">Assignment, Assumption and Modification Agreement </font></b><font face="serif">dated April 19, 1995 among Alexander&#146;s, Inc., a Delaware corporation, Alexander&#146;s of Rego Park, Inc., a Delaware
corporation and Union Bank of Switzerland, recorded on April 20, 1995 in Reel 4110, Page 739 in the Office of the City Register of the City of New York, Queens County. CERTIFIED COPY</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
<td>&nbsp;</td> <td width=100%>
<p align="justify"><b><font face="serif">Assignment of Mortgage </font></b><font face="serif">dated May 12, 1999 by UBS AG, Stamford Branch (successor to Union Bank of Switzerland) to The Chase Manhattan Bank, a New York banking corporation,
recorded on June 7, 1999 in Reel 5263, Page 2276 in the Office of the City Register of the City of New York, Queens County.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
<td>&nbsp;</td> <td width=100%>
<p align="justify"><b><font face="serif">Amended, Restated and Consolidated Mortgage and Security Agreement </font></b><font face="serif">dated May 12, 1999 by and between Alexander&#146;s Rego Shopping Center, Inc., a Delaware corporation and The
Chase Manhattan Bank, a New York banking corporation, recorded on June 7, 1999 in Reel 5263, Page 2302 in the Office of the City Register of the City of New York, Queens County. Consolidates Mortgages 1 and 2 to form a single lien in the amount of
&#36;82,000,000.00.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr><tr>
<td>&nbsp;</td> <td width=100%>
<p align="justify"><b><font face="serif">Assignment of Mortgages </font></b><font face="serif">dated October 10, 2000 by The Chase Manhattan Bank, a New York banking corporation to State Street Bank and Trust Company, as Trustee for the Registered
Holders of Chase Manhattan Bank-First Union National Bank Commercial Mortgage Trust, Commercial Mortgage Pass Though Certificates Series, 1999-1, recorded November 22, 2000 in Reel 5727, Page 0118 in the Office of the City Register of the City of
New York, Queens County.</font></p>
        </td>
</tr>
<tr><td colspan=2>&nbsp;</td></tr></table>

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