Mortgaged Premises. Borrower has good right, full power, and authority to convey, transfer, and mortgage the Mortgaged Premises to Administrative Agent for the uses and purposes set forth in this Agreement and the Mortgage; and the Obligors will warrant and forever defend the title to the Mortgaged Premises subject to the Permitted Liens against all claims and demands whatsoever. The Obligors warrant that a copy of each lease or sublease of the Mortgaged Premises and any amendments thereto have heretofore been delivered to Administrative Agent and such copies are true and correct and in all respects what they purport to be and have not been amended or modified in any respect. Each such lease is in full force and effect and is not in material default and all material conditions to the effectiveness or continued effectiveness of each lease required to be satisfied by the date hereof have been satisfied. Each Obligor and each Subsidiary or Affiliate that conducts any business or leases any portion of the Mortgaged Premises is and will at all relevant times be duly qualified and licensed and in good standing under the laws of such jurisdiction in which the Mortgaged Premises are located to the extent that the ownership, lease or operation of properties or the conduct of its business requires such qualification or license.
Mortgaged Premises. “Mortgaged Premises” shall mean and refer to that portion of the Collateral described in Sections 3-3(a) and 3-3(c) herein.
Mortgaged Premises. A Non-Loan Prospector No Ratio Mortgage may be secured by a 1-4 unit Primary Residence, a second home, and a 1-4 unit Investment Property. The Seller represents and warrants that Non-Loan Prospector No Ratio Condominium Unit Mortgages meet Xxxxxxx Mac’s Class III Condominium Project requirements. The Mortgaged Premises may not be a: • Manufactured Home • Condominium Unit located in a Class I or Class II Condominium Project • Cooperative Unit
Mortgaged Premises. Mortgaged Premises" shall mean the real property located in Kansas City, Wyandotte County, Kansas, legally described on Exhibit A attached hereto and made a part hereof, together with all fixtures and personal property described in the Leasehold Mortgage and Security Agreement.
Mortgaged Premises. The property being sold is located at 00 Xxxx Xxxxx Xxxx in the Village of Sanbornville, Town of Wakefield, New Hampshire, County of Xxxxxxx and State of New Hampshire depicted on the Town of Wakefield Tax Map 88, Lot 9, and is more particularly described in Exhibit A attached hereto.
Mortgaged Premises. Each Permitted Mortgage shall cover no interests in any real property other than Tenant's interest in the Sublease Premises, the Improvements and any other Substantial Alterations.
Mortgaged Premises. “Mortgaged Premises” shall mean Tenant’s interest under this Lease and in the Improvements encumbered by a Leasehold Mortgage.
Mortgaged Premises. To secure the payment of the Entire Indebtedness and in consideration of the loan from Lender to Borrower, Borrower does hereby grant and convey unto Lender the premises herein called "Mortgaged Premises", consisting of: ALL THAT CERTAIN lot or piece of ground, with buildings and improvements now thereon erected, if any, and to be erected, situate and bounded and described as is more particularly set forth in the legal description attached hereto, made a part hereof, and marked Exhibit "A": TOGETHER WITH:
Mortgaged Premises. Agent shall have received in form and substance reasonably satisfactory to Agent for the Mortgaged Premises (i) an executed Mortgage, Assignment of Rents, Leases and Profits and Environmental Indemnity Agreement, (ii) affidavit of title, (iii) survey certified to Agent, Wilentz, Xxxxxxx & Xxxxxxx and the title company, (iv) appraisal in form, substance and amount reasonably satisfactory to the Agent, and (v) flood hazard certification (life of the loan) and flood insurance, if necessary;
Mortgaged Premises. The expense (including receiver's fees, counsel fees, costs and agents' compensation) incurred pursuant to the powers herein contained shall be secured hereby. The right to enter and take possession of the Mortgaged Premises, to manage and operate the same, and to collect the rents thereof, whether by a receiver or otherwise, shall be cumulative with any other right or remedy hereunder or afforded by law, and may be exercised concurrently therewith or independently thereof. The Mortgagee or any such receiver shall be liable to account only for such rents actually received by it, less the Mortgagee's or such receiver's costs and expenses, as aforesaid, and neither the Mortgagee nor such receiver shall be under any obligation to collect any such rents, nor will the Mortgagee or such receiver be liable to the Mortgagor for any other act or omission upon such entry and taking possession of the Mortgaged Premises.
