Section 11--105. Transition Provision on Change of Place of Filing.

(1) A financing statement or continuation statement filed prior to the
effective date of Revised Article 9 which shall not have lapsed prior to
the effective date of Revised Article 9 shall remain effective for the
period provided in Original Article 9, but not less than five years
after the filing.

(2) With respect to any collateral acquired by the debtor subsequent
to the effective date of Revised Article 9, any effective financing
statement or continuation statement described in this section shall
apply only if the filing or filings are in the office or offices that
would be appropriate to perfect the security interests in the new
collateral under Revised Article 9.

(3) The effectiveness of any financing statement or continuation
statement filed prior to the effective date of Revised Article 9 may be
continued by a continuation statement as permitted by Revised Article 9,
except that if Revised Article 9 requires a filing in an office where
there was no previous financing statement, a new financing statement
conforming to Section 11-106 shall be filed in that office.

(4) If the record of a mortgage of real estate would have been
effective as a fixture filing of goods described therein if Revised
Article 9 had been in effect on the date of recording the mortgage, the
mortgage shall be deemed effective as a fixture filing as to such goods
under subsection (6) of Section 9-402 of Revised Article 9 on the
effective date of Revised Article 9.