Common use of All obligations mortgage Clause in Contracts

All obligations mortgage. 17.1 The mortgage you agree to grant under clause 16.1 is given as security for all your financial obligations to us whether as borrower or as a guarantor, both now and in the future. The covenants, conditions and powers that apply to each mortgage that you give or agree to give us are those: a. implied in mortgages of land by Part 1 of Schedule 2 of the Property Law Xxx 0000 (the “implied covenants”); and b. set out in memorandum 2017/4341, the text of which is set out in in the schedule to these General Terms. 17.2 If there is any conflict between any of the provisions of this agreement and memorandum 2017/4341 and the implied covenants, the provisions of this agreement and Memorandum 2017/4341 shall take precedence and the implied convents are deemed to be varied, amended or negatived accordingly. 17.3 if we agree in writing with respect to any loan that it is to be unsecured, then the provision of this clause 17 do not apply to that loan only.