Advance Money Mortgage. This Mortgage secures the unpaid balance of advances made, with respect to the Mortgaged Property, for the payment of taxes, assessments, maintenance charges, insurance premiums or out-of-pocket third party costs actually incurred by Mortgagee for the protection of the Mortgaged Property or the lien of this Mortgage and out-of-pocket third party expenses actually incurred by the Mortgagee by reason of default by the Mortgagor under this Mortgage.
Appears in 8 contracts
Samples: Mortgage and Security Agreement (Industrial Income Trust Inc.), Mortgage and Security Agreement (Industrial Income Trust Inc.), Mortgage and Security Agreement (Industrial Income Trust Inc.)
