First Lien. Upon the execution by the Borrower and the recording of this Security Deed, and upon the execution and filing of UCC-1 financing statements or amendments thereto, the Lender will have a valid first lien on the Property and a valid security interest in all personal property encumbered hereby, subject to no liens, charges or encumbrances other than the Permitted Exceptions.
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Samples: Deed to Secure Debt and Security Agreement (Sun Communities Inc), Deed to Secure Debt and Security Agreement (Sun Communities Inc)
First Lien. Upon the execution by the Borrower and the recording of this Security DeedDeed of Trust, and upon the execution and filing of UCC-1 financing statements or amendments thereto, the Lender will have a valid first lien on the Property and a valid security interest in all personal property encumbered hereby, subject to no liens, charges or encumbrances other than the Permitted Exceptions.
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Samples: Deed of Trust (Sun Communities Inc)
First Lien. Upon the execution by the Borrower and the recording of this Security Deedthe Mortgage, and upon the execution and filing of UCC-1 financing statements or amendments thereto, the Lender will have a valid first lien on the Property and a valid security interest in all personal property encumbered herebythereby, subject to no liens, charges or encumbrances (which prohibition shall include any lien, charge or encumbrance securing a PACE Loan) other than the Permitted Exceptions.
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First Lien. Upon the execution by the Borrower and the recording of this Security DeedMortgage, and upon the execution and filing of UCC-1 financing statements or amendments thereto, the Lender will have a valid first lien on the Property and a valid security interest in all personal property encumbered hereby, subject to no liens, charges or encumbrances other than the Permitted Exceptions.
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