BORROWER’S COVENANTS AND WARRANTIES REGARDING REAL ESTATE Sample Clauses

BORROWER’S COVENANTS AND WARRANTIES REGARDING REAL ESTATE. Borrower covenants and warrants to lender that, as to the Property existing at the time of the execution of this Mortgage, Borrower is lawfully seized of the estate conveyed by this Mortgage, that Borrower has the right to mortgage and grant the Property, that Borrower has good and marketable title to the Property, and that the Property is unencumbered, except for encumbrances of record, and such other encumbrances described in a notice given by Borrower to lender (“Encumbrances”). Borrower warrants and will defend the title to the Property against all claims and demands, subject to the Encumbrances.
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