CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted and described Property unto the Lender and its successors and assigns, with power of sale in accordance with the terms and conditions hereof, for the use and benefit of Lender, and the successors and assigns of Lender, forever; PROVIDED, HOWEVER, these presents are upon the express condition that, if Borrower shall well and truly pay to Lender the Debt at the time and in the manner provided in the Note and this Security Instrument, shall well and truly perform the Other Obligations as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein and in the Note, these presents and the estate hereby granted shall cease, terminate and be void.
Appears in 9 contracts
Samples: Mortgage and Security Agreement (Butler International Inc /Md/), Mortgage and Security Agreement (Pennsylvania Real Estate Investment Trust), Mortgage and Security Agreement (Pennsylvania Real Estate Investment Trust)
CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted and described Property unto the Lender and its successors and assigns, with power of sale in accordance with the terms and conditions hereof, for to the use and benefit of LenderLender and of Trustee, and the for their successors and assigns of Lenderassigns, forever; IN TRUST, WITH POWER OF SALE, to secure payment to Lender of the Debt at the time and in the manner provided for its payment in the Note and in this Security Instrument; PROVIDED, HOWEVER, these presents are upon the express condition that, if Borrower shall well and truly pay to Lender the Debt at the time and in the manner provided in the Note and this Security Instrument, shall well and truly perform the Other Obligations as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein and in the Note, these presents and the estate hereby granted shall cease, terminate and be void.
Appears in 6 contracts
Samples: Deed of Trust and Security Agreement (Innovative Micro Technology Inc), Deed of Trust and Security Agreement (Corporate Property Associates 15 Inc), Deed of Trust and Security Agreement (Corporate Property Associates 15 Inc)
CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted and described Property unto the Lender and its successors and assigns, with power of sale in accordance with the terms and conditions hereof, for to the use and benefit of LenderBeneficiary and Trustee, and the successors and assigns of LenderBeneficiary and Trustee, forever; IN TRUST, WITH POWER OF SALE, to secure all of Grantor’s obligations under the Indenture, including without limitation Grantor’s obligation to pay to the Holders the Debt at the time and in the manner provided for its payment in the Indenture and in this Security Instrument. PROVIDED, HOWEVER, these presents are upon the express condition that, if Borrower Grantor shall well and truly pay to Lender the Holders the Debt at the time and in the manner provided in the Note Indenture and this Security Instrument, shall well and truly perform the Other Obligations as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein and in the NoteIndenture, these presents and the estate hereby granted shall cease, terminate and be void.
Appears in 2 contracts
Samples: Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Sirius Xm Radio Inc.), Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Sirius Xm Radio Inc.)
CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted and described Property unto the Lender and Trustee, its successors and assigns, with power for the benefit of sale in accordance with the terms Lender, as beneficiary, and conditions hereof, for to the use and benefit of LenderLender and Trustee, and the for their successors and assigns of Lenderassigns, forever; IN TRUST, WITH POWER OF SALE, to secure payment to Lender of the Debt at the time and in the manner provided for its payment in the Note and in this Security Instrument. PROVIDED, HOWEVER, these presents are upon the express condition that, if Borrower shall well and truly pay to Lender the Debt at the time and in the manner provided in the Note and this Security Instrument, shall well and truly perform the Other Obligations (as herein defined) as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein herein, and in the Note, these presents and the estate hereby granted shall cease, terminate and be void.
Appears in 2 contracts
Samples: Deed of Trust, Assignment of Leases and Rents, Fixture Filing and Security Agreement (Manufactured Housing Properties Inc.), Deed of Trust, Assignment of Leases and Rents, Fixture Filing and Security Agreement (Manufactured Housing Properties Inc.)
CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted and described Property unto and to the Lender use and benefit of Mortgagee, and for its successors and assigns, with power of sale in accordance with forever, subject to the terms and conditions hereof, for the use and benefit of Lender, and the successors and assigns of Lender, foreverPermitted Liens; PROVIDED, HOWEVER, these presents are upon the express condition that, if Borrower Borrowers shall well and truly pay to Lender Mortgagee the Debt Obligations at the time and in the manner provided in the Loan Agreement, the Note and this Security Instrument, shall well and truly perform the Other Obligations (hereinafter defined) as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein herein, in the Note and in the NoteLoan Agreement, these presents and the estate hereby granted shall cease, terminate and be void.
Appears in 1 contract
Samples: Mortgage, Fixture Filing and Security Agreement (FelCor Lodging Trust Inc)
CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted and described Property unto the Lender and its successors and assignsTrustee, with power of sale in accordance with the terms and conditions hereof, as trustee for the use and benefit of Lender, and the to its successors in trust and assigns of Lenderassigns, forever; IN TRUST, WITH THE POWER OF SALE, to secure payment to Lender of the Debt at the time and in the manner provided for in the Note and in this Security Instrument; PROVIDED, HOWEVER, these presents are upon the express condition that, if Borrower shall well and truly pay to Lender the Debt at the time and in the manner provided in the Note and this Security Instrument, shall well and truly perform the Other Obligations as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein and in the Note, these presents and the estate hereby granted shall cease, terminate and be void.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Entertainment Properties Trust)
CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted and described Property unto the Lender and its successors and assigns, with power of sale in accordance with the terms and conditions hereof, for the use and benefit of Lender, and the successors and assigns of Lender, forever; PROVIDED, HOWEVER, these presents are upon the express condition that, if Borrower shall well and truly pay to Lender the Debt at the time and in the manner provided in the Note and this Security Instrument, shall well and truly perform the Other Obligations as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein and in the Note, these presents and the estate hereby granted shall cease, terminate and be void. Notwithstanding the foregoing, upon payment in full of the Debt, Lender shall promptly deliver a satisfaction of this Security Instrument to Borrower.
Appears in 1 contract
CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted and described Property unto the Lender Trustee and its successors and assigns, in trust with power of sale in accordance with the terms and conditions hereof, for the use and benefit of LenderXxxxxx, and the successors and assigns of Lender, forever; PROVIDED, HOWEVER, these presents are upon the express condition that, if Borrower shall well and truly pay to Lender the Debt at the time and in the manner provided in the Note and this Security Instrument, shall well and truly perform the Other Obligations as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein and in the Note, these presents and the estate hereby granted shall cease, terminate and be void.
Appears in 1 contract
Samples: Deed of Trust and Security Agreement (Hartman Commercial Properties Reit)
CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted and described Property unto Trustee, as trustee for the Lender and benefit of Lender, to its successors in the trust created by this Security Instrument and to its or their respective assigns, with power of sale forever, in accordance with trust, upon the terms and conditions hereofset forth herein; IN TRUST, WITH THE POWER OF SALE, to secure payment to Lender of the Debt at the time and in the manner provided for its payment in the use Note and benefit of Lender, and the successors and assigns of Lender, foreverin this Security Instrument; PROVIDED, HOWEVER, these presents are upon the express condition that, if Borrower shall well and truly pay to Lender the Debt at the time and in the manner provided in the Note and this Security Instrument, shall well and truly perform the Other Obligations as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein and in the Note, these presents and the estate hereby granted shall cease, terminate and be void.
Appears in 1 contract
CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted and described Property unto the Lender Trustee and its successors and assigns, in trust with power of sale in accordance with the terms and conditions hereof, for the use and benefit of Lender, and the successors and assigns of Lender, forever; PROVIDED, HOWEVER, these presents are upon the express condition that, if Borrower shall well and truly pay to Lender the Debt at the time and in the manner provided in the Note Notes and this Security Instrument, shall well and truly perform the Other Obligations as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein and in the Note, these presents and the estate hereby granted shall cease, terminate and be void.
Appears in 1 contract
Samples: Deed of Trust, Security Agreement, Assignment of Production and Fixture Filing (Cubic Energy Inc)
CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted and described Property with all privileges and appurtenances thereunto belonging unto the Lender and its successors and assigns, with power of sale in accordance with the terms and conditions hereof, for to the use and benefit of Lender, and the heirs, successors and assigns of Lender, forever; PROVIDED, HOWEVER, these presents are upon the express condition that, if Borrower shall well and truly pay to Lender the Debt at the time and in the manner provided in the Note and this Security Instrument, shall well and truly perform the Other Obligations as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein and in the Note, these presents and the estate hereby granted shall cease, terminate and be void.
Appears in 1 contract
CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted and described Property unto the Lender Trustee and its successors and assigns, in trust with power of sale in accordance with the terms and conditions hereof, for the use and benefit of Lender, and the successors and assigns of Lender, forever; PROVIDED, HOWEVER, these presents are upon the express condition that, if Borrower shall well and truly pay to Lender the Debt at the time and in the manner provided in the Note and this Security Instrument, shall well and truly perform the Other Obligations as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein and in the Note, these presents and the estate hereby granted shall cease, terminate and be void.
Appears in 1 contract
Samples: Deed of Trust and Security Agreement (Ramco Gershenson Properties Trust)