Construction Mortgage. This Mortgage secures indebtedness incurred by Mortgagor in connection with the construction of improvements on the Mortgaged Property. Accordingly, this Mortgage constitutes a “construction mortgage” under applicable provisions of the Uniform Commercial Code.
Construction Mortgage. This Mortgage is intended to be a Construction Mortgage within the meaning of 13 Pa. C.S.A. § 2A309(a).
Construction Mortgage. This Mortgage is a Construction Mortgage within the meaning of SDCL Section 547A-9-334(h), and secures an obligation incurred for the construction of improvements on land, including acquisition cost of the land. Some of the above-described collateral is or is to become fixtures upon the above-described real estate, and this Fixture Filing is to be filed for record in the public real estate records.
Construction Mortgage. This Security Instrument secures unpaid
Construction Mortgage. This Shore Mortgage secures in part an obligation incurred for the construction of Improvements on the Real Property and constitutes a "construction mortgage" within the meaning of Section 9-313 of the Code.
Construction Mortgage. This Mortgage is a construction mortgage and it secures obligations incurred to finance the construction of improvements on the Property, including certain costs incurred in planning, architectural and engineering studies, zoning and similar expenses. It is understood and agreed that funds to be advanced evidenced by the Loan (West Lafayette) Note are to be used in the construction of improvements on the Property in accordance with the Loan Agreement.
Construction Mortgage. If funds are to be advanced by Mortgagee against the Note as construction progresses on the Real Property, then this is a construction mortgage, as such term is defined in the Texas Business and Commerce Code, and such funds are to be used to pay the costs of such construction, which may with the express prior written consent of Mortgagee include the acquisition costs of the Real Property.
Construction Mortgage. This Mortgage is also a “construction mortgage” as that term is defined in the version of Uniform Commercial Code enacted in the State.
Construction Mortgage. This Security Instrument is intended to be a Construction Mortgage within the meaning of 13 Pa. C.S.A. ss.9313(a).
Construction Mortgage. A mortgage or deed of trust that creates a valid and enforceable first priority Lien against the Mortgaged Real Property identified therein (which Mortgaged Real Property shall be situated within an Applicable Resort) and secures in part the payment of all principal, interest, and other amounts owed by an Applicable Underlying Borrower to any Borrower, pursuant to a Pledged Note Receivable and all related Applicable Underlying Loan Documents.
