Common use of Existing Mortgage Clause in Contracts

Existing Mortgage. (a) The Property shall be conveyed subject to Purchaser's assumption and promise to pay in accordance with its terms the loan (the "Loan") evidenced by that certain Promissory Note (the "Note"), dated 12/21/89 in the original principal sum of SIX MILLION TWO HUNDRED SEVENTY FIVE THOUSAND ($6,275,000) DOLLARS payable to the order of MTRUST CORP., NATIONAL ASSOCIATION, (the "Lender"), and assumption and promise to perform all covenants and obligations of Seller under the documents or instruments governing, securing, evidencing or pertaining to the indebtedness evidenced by the Note (collectively, the "Loan Documents"), including, but not limited to, that certain Indenture of Mortgage, Deed of Trust, Deed to Secure Debt, Security Agreement, Fixture Filing, Financing Statement and Assignment of Rents and leases of even date with the Note (the "Deed of Trust") recorded in the Real Property Records of Xxxxxx County, Texas.

Existing Mortgage. (a) The Property shall be conveyed subject Subject to Purchaser's assumption and promise to pay in accordance with its terms the loan (the "Loan") evidenced by that certain Promissory Note (the "Note"), dated 12/21/89 6/21/96 in the original principal sum of SEVEN MILLION EIGHT HUNDRED THIRTY SIX MILLION TWO HUNDRED SEVENTY FIVE THOUSAND ($6,275,0007,836,000) DOLLARS payable to the order of MTRUST CORPTHE PATRICIAN FINANCIAL CO., NATIONAL ASSOCIATION, A Maryland corporation (the "Lender"), and assumption and promise to perform all covenants and obligations of Seller under the documents or instruments governing, securing, evidencing or pertaining to the indebtedness evidenced by the Note (collectively, the "Loan Documents"), including, but not limited to, that certain Indenture of Mortgage, Deed of Trust, Deed to Secure secure Debt, Security Agreement, Fixture Filing, Financing Statement and Assignment of Rents and leases of even date with the Note (the "Deed of Trust") recorded in the Real Property Records of Xxxxxx County, Texas.

Existing Mortgage. (a) The Property shall be conveyed subject to Purchaser's assumption and promise to pay in accordance with its terms the loan (the "Loan") evidenced by that certain Promissory Note (the "Note"), dated 12/21/89 6/28/96 in the the-original principal sum of SIX THREE MILLION TWO SEVEN HUNDRED SEVENTY FIVE THOUSAND ($6,275,0003,700,000) DOLLARS payable to the order of MTRUST CORP.NEWPORT MORTGAGE COMPANY, NATIONAL ASSOCIATIONL.P., A TEXAS LIMITED PARTNERSHIP, (the "Lender"), and assumption and promise to perform all covenants and obligations of Seller under the documents or instruments governing, securing, evidencing or pertaining to the indebtedness evidenced by the Note (collectively, the "Loan Documents"), including, but not limited to, that certain Indenture indenture of Mortgage, Deed of Trust, Deed to Secure Debt, Security Agreement, Fixture Filing, Financing Statement and Assignment of Rents and leases of even date with the Note (the "Deed of Trust") recorded in the Real Property Records of Xxxxxx Dallas County, Texas.

Existing Mortgage. (a) The Property shall be conveyed subject to Purchaser's assumption and promise to pay in accordance with its terms the loan (the "Loan") evidenced by that certain Promissory Note (the "Note"), dated 12/21/89 10/17/89 in the original principal sum of NINE MILLION SIX MILLION TWO HUNDRED SEVENTY FIVE FIFTY THOUSAND ($6,275,0009,650,000) DOLLARS payable to the order of MTRUST CORP., NATIONAL ASSOCIATION, (the "Lender"), and assumption and promise to perform all covenants and obligations of Seller under the documents or instruments governing, securing, evidencing or pertaining to the indebtedness evidenced by the Note (collectively, the "Loan Documents"), including, but not limited to, that certain Indenture of Mortgage, Deed of Trust, Deed to Secure Debt, Security Agreement, Fixture Filing, Financing Statement and Assignment of Rents and leases of even date with the Note (the "Deed of Trust") recorded in the Real Property Records of Xxxxxx Tarrant County, Texas.