Covenants of Mortgage Run with Title to the Real Estate. The Obligations set forth in this Mortgage are intended as, shall be deemed and are hereby declared to be covenants running with the title to the land which constitutes the Real Estate and any and all portions(s) thereof, and such Obligations shall be binding upon and enforceable by the owner and holder of this Mortgage personally against Mortgagor and any successor in title to Mortgagor who or which shall acquire and/or hold title to the Real Estate while the same is subject to and encumbered by this Mortgage. Every Person that shall have, claim, own, hold, accept or otherwise acquire title to the Real Estate, whether or not such title is reflected in the Public Records of the State and County in which the Real Estate is located, shall be conclusively presumed and deemed to have consented and agreed to personally perform each and every covenant and obligation of Mortgagor contained in this Mortgage, to the same extent as the original Mortgagor, whether or not any reference to this Mortgage is contained in the document or instrument pursuant to which such Person shall have acquired title to the Real Estate and whether or not such Person shall have expressly agreed in writing to assume or perform the Obligations of Mortgagor contained in this Mortgage.
Appears in 3 contracts
Samples: Open End Mortgage and Security Agreement (Griffin Industrial Realty, Inc.), Open End Mortgage and Security Agreement (Griffin Industrial Realty, Inc.), Mortgage and Security Agreement (RREEF Property Trust, Inc.)
Covenants of Mortgage Run with Title to the Real Estate. The Obligations covenants and obligations set forth in this Mortgage are intended as, shall be deemed and are hereby declared to be covenants running with the title to the land which constitutes the Real Estate and any and all portions(s) thereof, and such Obligations covenants and obligations shall be binding upon upon, and enforceable by the owner and holder of this Mortgage personally against against, the Mortgagor and any successor in title to the Mortgagor who or which shall acquire and/or hold title to the Real Estate while the same is subject to and encumbered by this Mortgage. Every Person that person or entity who or which shall have, claim, own, hold, accept or otherwise acquire title to the Real Estate, whether or not such title is reflected in the Public Records of the State and County in which the Real Estate is located, shall be conclusively presumed and deemed to have consented and agreed to personally perform each and every covenant and obligation of the Mortgagor contained in this Mortgage, to the same extent as the original Mortgagor, whether or not any reference to this Mortgage is contained in the document or instrument pursuant to which such Person person or entity shall have acquired title to the Real Estate and whether or not such Person person or entity shall have expressly agreed in writing to assume or perform the Obligations covenants and obligations of the Mortgagor contained in this Mortgage.
Appears in 3 contracts
Samples: Mortgage and Security Agreement (Prime Group Realty Trust), Mortgage and Security Agreement (Prime Group Realty Trust), Mortgage and Security Agreement (Prime Group Realty Trust)
Covenants of Mortgage Run with Title to the Real Estate. The Obligations set forth in this Mortgage are intended as, shall be deemed and are hereby declared to be covenants running with the title to the land which constitutes the Real Estate and any and all portions(s) thereof, and such Obligations shall be binding upon and enforceable by the owner and holder of this Mortgage personally against Mortgagor and any successor in title to Mortgagor who or which shall acquire and/or hold title to the Real Estate while the same is subject to and encumbered by this Mortgage. Every Person that shall have, claim, own, hold, accept or otherwise acquire title to the Real Estate, whether or not such title is reflected in the Public Records public records of the State and County Municipality in which the Real Estate is located, shall be conclusively presumed and deemed to have consented and agreed to personally perform each and every covenant and obligation of Mortgagor contained in this Mortgage, to the same extent as the original Mortgagor, whether or not any reference to this Mortgage is contained in the document or instrument pursuant to which such Person shall have acquired title to the Real Estate and whether or not such Person shall have expressly agreed in writing to assume or perform the Obligations of Mortgagor contained in this Mortgage.
Appears in 1 contract
Samples: Open End Construction Mortgage Deed and Security Agreement (Griffin Industrial Realty, Inc.)
Covenants of Mortgage Run with Title to the Real Estate. The Obligations covenants and obligations set forth in this Mortgage are intended as, shall be deemed and are hereby declared to be covenants running with the title to the land which constitutes the Real Estate and any and all portions(sportion(s) thereof, and such Obligations covenants and obligations shall be binding upon upon, and enforceable by the owner and holder of this Mortgage personally against against, the Mortgagor and any successor in title to the Mortgagor who or which shall acquire and/or hold title to the Real Estate while the same is subject to and encumbered by this Mortgage. Every Person that person or entity who or which shall have, claim, own, hold, accept or otherwise acquire title to the Real Estate, whether or not such title is reflected in the Public Records of the State and County in which the Real Estate is located, shall be conclusively presumed and deemed to have consented and agreed to personally perform each and every covenant and obligation of the Mortgagor contained in this Mortgage, Mortgage to the same extent as the original Mortgagor, whether or not any reference to this Mortgage is contained in the document or instrument pursuant to which such Person person or entity shall have acquired title to the Real Estate and whether or not such Person person or entity shall have expressly agreed in writing to assume or perform the Obligations covenants and obligations of the Mortgagor contained in this Mortgage.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Roberts Realty Investors Inc)
Covenants of Mortgage Run with Title to the Real Estate. The Obligations covenants and obligations set forth in this Mortgage are intended as, shall be deemed and are hereby declared to be covenants running with the title to the land which constitutes the Real Estate and any and all portions(sportion(s) thereof, and such Obligations covenants and obligations shall be binding upon upon, and enforceable by the owner and holder of this Mortgage personally against against, the Mortgagor and any successor in title to the Mortgagor who or which shall acquire and/or hold title to the Real Estate while the same is subject to and encumbered by this Mortgage. Every Person that person or entity who or which shall have, claim, own, hold, accept or otherwise acquire title to the Real Estate, whether or not such title is reflected in the Public Records of the State and County in which the Real Estate is located, shall be conclusively presumed and deemed to have consented and agreed to personally perform each and every covenant and obligation of the Mortgagor contained in this Mortgage, to the same extent as the original Mortgagor, whether or not any reference to this Mortgage is contained in the document or instrument pursuant to which such Person person or entity shall have acquired title to the Real Estate and whether or not such Person person or entity shall have expressly agreed in writing to assume or perform the Obligations covenants and obligations of the Mortgagor contained in this Mortgage.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Blue Ridge Real Estate Co)