Common use of Further Assurances; After-Acquired Property Clause in Contracts

Further Assurances; After-Acquired Property. (A) At any time, and from time to time, upon request by the Grantee, the Grantor, at Grantor's expense, will make, execute and deliver or cause to be made, executed and delivered to the Grantee and, where appropriate, to cause to be recorded and/or filed and from time to time thereafter to be re-recorded and/or refiled at such time and in such offices and places as shall be deemed desirable by the Grantee any and all such other and further mortgages, instruments of further assurance, certificates and other documents as may, in the opinion of the Grantee, be necessary or desirable in order to effectuate, complete, or perfect, or to continue and preserve the obligation of the Grantor under the Note and this Deed to Secure Debt, and the priority of this Deed to Secure Debt as a first and prior security title to all of the Property, whether now owned or hereafter acquired by the Grantor. Upon any failure by the Grantor so to do, the Grantee may make, execute, and record any and all such mortgages, instruments, certificates, and documents for and in the name of the Grantor, and the Grantor hereby irrevocably appoints the Grantee the agent and attorney-in-fact of the Grantor so to do. The rights and title hereunder automatically will attach, without further act, to all after-acquired property (except consumer goods, other than accessions, not acquired within ten (10) days after the Grantee has given value under the Note) attached to and/or used in the operation of the Property or any part thereof.

Appears in 2 contracts

Samples: Roberts Realty Investors Inc, Roberts Realty Investors Inc

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Further Assurances; After-Acquired Property. (A) At any time, time and from time to time, upon request by the GranteeAgent, the Grantor, at Grantor's expense, Grantor will make, execute and deliver or cause to be made, executed and delivered delivered, to the Grantee Agent and, where appropriate, to cause to be recorded and/or filed and from time to time thereafter to be re-recorded rerecorded and/or refiled at such time and in such offices and places as shall be deemed desirable by the Grantee Agent, any and all such other and further mortgages, deeds of trust, deeds to secure debt, security agreements, financing statements, notice filings, continuation statements, instruments of further assurance, certificates and other documents as may, in the opinion of the GranteeAgent, be necessary or desirable in order to effectuate, complete, or perfect, or to continue and preserve (a) the obligation of the Grantor under the Note and Guaranty, this Deed to Secure Debt, Instrument or of Borrower and/or any other Person under the Credit Agreement and the priority of other Loan Documents and the Hedge Documents and (b) this Deed to Secure Debt Instrument as a first and prior lien upon and security title interest in and to all of the Property, whether now owned or hereafter acquired by Grantor, in each case, at no additional cost to Grantor (other than de minimis fees), and so long as such further acts do not increase the Grantorobligations of Grantor or diminish the rights of Grantor under the Loan Documents. Upon any failure by the Grantor so to do, the Grantee Agent may make, execute, and record, file, re-record and/or refile any and all such mortgages, deeds to secure debt, deeds of trust, security agreements, financing statements, continuation statements, instruments, certificates, and documents for and in the name of the Grantor, Grantor and the Grantor hereby irrevocably appoints the Grantee Agent the agent and attorney-in-fact of the Grantor so to do. The rights and title hereunder lien hereof will automatically will attach, without further act, to all after-after acquired property (except consumer goods, other than accessions, not acquired within ten (10) days after the Grantee has given value under the Note) attached to and/or used in the operation of the Property or any part thereof.

Appears in 2 contracts

Samples: Credit Agreement (Jernigan Capital, Inc.), Credit Agreement (Jernigan Capital, Inc.)

Further Assurances; After-Acquired Property. (A) At any time, and from time to time, upon request by the GranteeLender, the Grantor, at Grantor's expense, Mortgagor will make, execute and deliver or cause to be made, executed and delivered delivered, to the Grantee Lender and, where appropriate, to cause to be recorded or re-recorded and/or filed or refiled at such time and from time to time thereafter to be re-recorded and/or refiled at such time time, and in such offices and places as shall be deemed desirable by the Grantee Lender, any and all such other and further mortgages, security agreements, financing statements, continuation statements, instruments of further assurance, certificates and other documents as may, in the opinion of the GranteeLender, be necessary or desirable in order to effectuate, complete, or perfect, or to continue and preserve (a) the obligation obligations of the Grantor Mortgagor under the Note Loan Documents and this Deed to Secure DebtMortgage, and (b) the priority lien of this Deed to Secure Debt Mortgage as a first and prior security title to perfected lien upon all of the PropertyPremises, whether now owned or hereafter acquired by Mortgagor subject only to the Grantormatters appearing in the title policy delivered by Mortgagor to Lender in connection with this Mortgage. Upon any failure by the Grantor Mortgagor so to do, the Grantee Lender may make, execute, and record record, file, rerecord and/or re-file any and all such mortgages, security agreements, financing statements, continuation statements, instruments, certificates, certificates and documents for and in the name of the GrantorMortgagor, and the Grantor Mortgagor hereby irrevocably appoints the Grantee Lender the agent and attorney-in-fact of the Grantor Mortgagor so to do. The rights and title hereunder lien hereof will automatically will attach, without further act, to all after-after acquired property (except consumer goods, other than accessions, not acquired within ten (10) days after the Grantee has given value under the Note) attached to and/or used in the operation of the Property Premises, the Land or any part thereof.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (American Leisure Holdings, Inc.), Mortgage and Security Agreement (American Leisure Holdings, Inc.)

Further Assurances; After-Acquired Property. (Aa) At any time, and from time to time, upon request by the GranteeLender, the GrantorMortgagor, at Grantor's Mortgagor’s expense, will make, execute and deliver or cause to be made, executed and delivered to the Grantee Lender and, where appropriate, to cause to be recorded and/or filed and from time to time thereafter to be re-recorded and/or refiled at such time and in such offices and places as shall be deemed desirable by the Grantee Lender any and all such other and further mortgages, instruments of further assurance, certificates and other documents as may, in the opinion of the GranteeLender, be necessary or desirable in order to effectuate, complete, or perfect, or to continue and preserve the obligation of the Grantor Borrower under the Note and the Mortgagor under this Deed to Secure DebtMortgage, and the priority of this Deed to Secure Debt Mortgage as a first and prior security title to lien upon all of the Mortgaged Property, whether now owned or hereafter acquired by the GrantorMortgagor. Upon any failure by the Grantor Mortgagor so to do, the Grantee Lender may make, execute, and record any and all such mortgages, instruments, certificates, and documents for and in the name of the GrantorMortgagor, and the Grantor Mortgagor hereby irrevocably appoints the Grantee Lender the agent and attorney-in-fact of the Grantor Mortgagor so to do. The lien and rights and title hereunder automatically will attach, without further act, to all after-acquired property (except consumer goods, other than accessions, not acquired within ten (10) days after the Grantee Lender has given value under the Note) attached to and/or used in the operation of the Mortgaged Property or any part thereof.

Appears in 2 contracts

Samples: Loan Agreement (Westwater Resources, Inc.), And Leases and Security Agreement (Westwater Resources, Inc.)

Further Assurances; After-Acquired Property. (A) At any time, and from time to time, time upon request by the GranteeLender, the Grantor, at Grantor's expense, Mortgagor will make, execute and deliver or cause to be made, executed and delivered to the Grantee Lender and, where appropriate, to cause to be recorded and/or filed and from time to time thereafter to be re-recorded and/or refiled at such time and in such offices and places as shall be deemed desirable by the Grantee Lender any and all such other and further mortgages, instruments of further assurance, certificates and other documents as may, in the opinion of the GranteeLender, be necessary or desirable in order to effectuate, complete, or perfect, or to continue and preserve the obligation obligations of the Grantor Borrower and the Mortgagor under the Note and this Deed to Secure DebtMortgage, and the priority of this Deed to Secure Debt Mortgage as a first and prior security title to lien upon all of the Mortgaged Property, whether now owned or hereafter acquired by the GrantorMortgagor. Upon any failure by the Grantor Mortgagor so to do, the Grantee Lender may make, execute, and record any and all such mortgages, instruments, certificates, and documents for and in the name of the Grantor, Mortgagor and the Grantor Mortgagor hereby irrevocably appoints the Grantee Lender the agent and attorney-in-fact of the Grantor Mortgagor so to do. The lien and rights and title hereunder automatically will attach, without further act, to all after-acquired property (except consumer goods, other than accessions, not acquired within ten (10) days after the Grantee Lender has given value under the Note) attached to and/or used in the operation of the Mortgaged Property or any part thereof.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Ark Restaurants Corp)

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Further Assurances; After-Acquired Property. (Aa) At any time, and from time to time, upon request by the Grantee, the Grantor, at Grantor's expense, will make, execute and deliver or cause to be made, executed and delivered to the Grantee and, where appropriate, to cause to be recorded and/or filed and from time to time thereafter to be re-recorded and/or refiled at such time and in such offices and places as shall be deemed desirable by the Grantee any and all such other and further mortgages, instruments of further assurance, certificates and other documents as may, in the opinion of the Grantee, be necessary or desirable in order to effectuate, complete, or perfect, or to continue and preserve the obligation of the Grantor under the Note and this Deed to Secure Debt, and the priority of this Deed to Secure Debt as a first and prior security title to all of the Property, whether now owned or hereafter acquired by the Grantor. Upon any failure by the Grantor so to do, the Grantee may make, execute, and record any and all such mortgages, instruments, certificates, and documents for and in the name of the Grantor, and the Grantor hereby irrevocably appoints the Grantee the agent and attorney-in-fact of the Grantor so to do. The rights and title hereunder automatically will attach, without further act, to all after-acquired property (except consumer goods, other than accessions, not acquired within ten (10) days after the Grantee has given value under the Note) attached to and/or used in the operation of the Property or any part thereof.

Appears in 1 contract

Samples: And Security Agreement (Roberts Realty Investors Inc)

Further Assurances; After-Acquired Property. (Aa) At any time, and from time to time, upon request by the Grantee, the Grantor, at Grantor's expense, will make, execute and deliver or cause to be made, executed and delivered to the Grantee and, where appropriate, to cause to be recorded and/or filed and from time to time thereafter to be re-recorded and/or refiled at such time and in such offices and places as shall be deemed desirable by the Grantee any and all such other and further mortgages, instruments of further assurance, certificates and other documents as may, in the opinion of the Grantee, be necessary or desirable in order to effectuate, complete, or perfect, or to continue and preserve the obligation of the Grantor under the Note and this Deed to Secure Debt, and the priority of this Deed to Secure Debt as a first and prior security title to all of the Property, whether now owned or hereafter acquired by the Grantor. Upon any failure by the Grantor so to do, the Grantee may make, execute, and record any and all such mortgages, instruments, certificates, and documents for and in the name of the Grantor, and the Grantor hereby irrevocably appoints the Grantee the agent and attorney-in-fact of the Grantor so to do. The rights and title hereunder automatically will attach, without further act, to all after-acquired property (except consumer goods, other than accessions, not acquired within ten (10) days after the Grantee has given value under the Note) attached to and/or used in the operation of the Property or any part thereof. or any other person or entity, be and become subject to this Deed to Secure Debt and the lien hereof. In consideration of Grantee's making the Loan as aforesaid, and to secure the Loan, the Other Indebtedness and obligations set forth above, Grantor hereby grants, bargains, sells and conveys to Grantee, on the same terms as set forth in this Deed to Secure Debt and intended to be a part hereof, all such after-acquired property and estates.

Appears in 1 contract

Samples: And Security Agreement (Roberts Realty Investors Inc)

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