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.
Appears in 7 contracts
Samples: Mortgage, Security Agreement and Financing Statement (Amrep Corp.), Mortgage, Security Agreement and Financing Statement (Amrep Corp.), Mortgage, Security Agreement and Financing Statement (Amrep Corp.)
