Business Loan Representation. The Mortgagor represents and warrants to the Mortgagee that the loan evidenced by the Note is a business loan transacted solely for the purpose of carrying on the business of the Mortgagor and the Premises does not constitute the homestead of the Mortgagor.
Appears in 2 contracts
Samples: Mortgage and Security Agreement (Lundgren Bros Construction Inc), Mortgage and Security Agreement (First Team Sports Inc)
Business Loan Representation. The Mortgagor represents and warrants to the Mortgagee that the loan evidenced by the Note is a business loan transacted solely for the purpose of carrying on the business of the Mortgagor and the Premises does not constitute the homestead that none of the MortgagorMortgaged Property is classified as homestead property.
Appears in 2 contracts
Samples: Combination Mortgage, Security Agreement, Fixture Filing and Assignment of Leases and Rents, Combination Mortgage, Security Agreement, Fixture Filing and Assignment of Leases and Rents (Wsi Industries, Inc.)
Business Loan Representation. The Mortgagor represents and warrants to the Mortgagee that the loan evidenced by the Note Loan is a business loan transacted transaction solely for the purpose of carrying on the business of the Mortgagor and the Premises does not constitute the homestead of the MortgagorMortgagor or any other party.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Talon Real Estate Holding Corp.)
Business Loan Representation. The Mortgagor represents and warrants to the Mortgagee that the loan evidenced by the Note Loan is a business loan transacted transaction solely for the purpose of carrying on the business of the Mortgagor Mortgagors and the Premises does not constitute the homestead of the MortgagorMortgagor or any other party.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Navarre Corp /Mn/)
