First Lien. Upon the execution by the Mortgagor and the recording of this Mortgage, and upon the execution and filing of UCC-1 financing statements or amendments thereto, the Mortgagee will have a valid first lien on the Mortgaged Property and a valid security interest in the Equipment subject to no liens, charges or encumbrances other than the Permitted Exceptions.
Appears in 2 contracts
Samples: Mortgage, Assignment of Leases and Rents and Security Agreement (Charming Shoppes Inc), Mortgage, Assignment of Leases and Rents and Security Agreement (Cedar Income Fund LTD /Md/)
First Lien. Upon the execution by the Mortgagor and the recording ---------- of this Mortgage, and upon the execution and filing of UCC-1 financing statements or amendments thereto, the Mortgagee will have a valid first lien on the Mortgaged Property and a valid security interest in the Equipment subject to no liens, charges or encumbrances other than the Permitted Exceptions.
Appears in 1 contract
Samples: Mortgage, Assignment of Leases and Rents and Security Agreement (Wellington Properties Trust)
First Lien. Upon the execution by the Mortgagor Xxxxxxxxx and the recording of this Mortgage, and upon the execution and filing of UCC-1 financing statements or amendments thereto, the Mortgagee will have a valid first lien on the Mortgaged Property and a valid security interest in the Equipment all personal property secured hereby, subject to no liens, charges or encumbrances other than the Permitted Exceptions.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Industrial Income Trust Inc.)
First Lien. Upon the execution by the Mortgagor and the recording of this Mortgage, and upon the execution and filing of UCC-1 financing statements or amendments thereto, the Mortgagee will have a valid first lien on the Mortgaged Property and a valid security interest in the Equipment all personal property encumbered hereby, subject to no liens, charges or encumbrances other than the Permitted Exceptions.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Corporate Property Associates 16 Global Inc)
