First Lien. The mortgage or security agreement securing the Loan is a valid, subsisting, enforceable, and perfected first lien on the Secured Property, including all buildings on the Secured Property, subject only to:
Appears in 5 contracts
Samples: Participation Finance Agreement (preREO LLC), Participation Finance Agreement, Participation Finance Agreement
First Lien. The Loan’s related mortgage or security agreement securing the Loan is a valid, subsisting, enforceable, enforceable and perfected first lien on the Secured Property, including all buildings on the Secured Property, subject only to:
Appears in 1 contract
Samples: Participation Finance Agreement