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

Further Assurances; After-Acquired Property. At any time, and from time to time, upon request by Beneficiary, Borrower will make, execute and deliver or cause to be made, executed and delivered, to Beneficiary, any and all other further instruments, certificates, and other documents as may, in the reasonable opinion of Beneficiary, be necessary or desirable to (i) perfect and protect the lien and security interest created or purported to be created hereby, (ii) enable Beneficiary to exercise and enforce any and all rights and remedies hereunder in respect of the Property, or (iii) effect otherwise the purposes of this Security Instrument, including, without limitation, (A) executing and filing such financing or continuation statements, or amendments thereto, as may be necessary or desirable or that Beneficiary might request to perfect and preserve the security interest created by this Security Instrument as a first and prior security interest upon and security title in and to all of the Property, whether now owned or hereafter acquired by Borrower, (B) if certificates of title are now or hereafter issued or outstanding with respect to any of the Property, by immediately causing the interest of Beneficiary to be properly noted thereon at Borrower's expense, and (C) furnishing to Beneficiary from time to time statements and schedules further identifying and describing the Property and such other reports in connection with the Property as Beneficiary might request, all in reasonable detail. Upon any failure by Borrower so to do, Beneficiary may make, execute, and record any and all such instruments, certificates, and documents for and in the name of Borrower, and Borrower hereby irrevocably appoints Beneficiary the agent and attorney in fact of Borrower so to do, which power of attorney is coupled with an interest and irrevocable. The lien and security interest hereof shall attach automatically without any further act or deed required of Borrower or Beneficiary to all after-acquired property of the kind described herein attached to or used in connection with the operation of the Property or any part thereof.

Appears in 2 contracts

Samples: Trust and Security Agreement (Wells Real Estate Investment Trust Inc), Trust and Security Agreement (Wells Real Estate Investment Trust Inc)

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Further Assurances; After-Acquired Property. At any time, and from time to time, upon request by BeneficiaryLender, Borrower Mortgagor will make, execute and deliver or cause to be made, executed and delivereddelivered to Lender and, where appropriate, cause to Beneficiary, any be recorded and/or filed and all other further instruments, from time to time thereafter to be rerecorded and/or refiled at such time and in such offices and places as shall be requested by Lender such certificates, documents, statements, amendments and other documents as may, in the reasonable opinion of Beneficiary, be necessary or desirable to instruments and/or filings (i) to perfect and protect the lien and security interest created or purported to be created hereby, ; (ii) to enable Beneficiary the Lender to exercise and enforce any and all its rights and remedies hereunder in respect of the Property, Collateral; or (iii) to effect otherwise the purposes of this Security InstrumentMortgage, including, without limitation, : (A) executing and filing such financing or continuation statements, or amendments thereto, as may be necessary or desirable or that Beneficiary might the Lender may request in order to perfect and preserve the security interest created by this Security Instrument Mortgage as a first and prior security interest upon and security title in and to all of the PropertyCollateral, whether now owned or hereafter acquired by BorrowerMortgagor; provided, however, Mortgagor authorizes Lender to file any financing statements describing the Collateral in such jurisdictions and filing offices as Lender deems appropriate without the necessity of Mortgagor’s signature; (B) if certificates of title are now or hereafter issued or outstanding with respect to any of the PropertyCollateral, by immediately causing the interest of Beneficiary Lender to be properly noted thereon at Borrower's Mortgagor’s expense, ; and (C) furnishing to Beneficiary the Lender from time to time statements and schedules further identifying and describing the Property Collateral and such other reports in connection with the Property Collateral as Beneficiary might the Lender may reasonably request, all in reasonable detail. Upon any failure by Borrower Mortgagor so to do, Beneficiary Lender may make, execute, and record, file, re-record and/or refile any and all such instrumentsfinancing statements, continuation statements, or amendments thereto, certificates, and documents for and in the name of BorrowerMortgagor, and Borrower Mortgagor hereby irrevocably appoints Beneficiary Lender the agent and attorney in attorney-in-fact of Borrower Mortgagor so to do, which power of attorney is coupled with an interest and irrevocable. The lien and security interest hereof shall attach of this Mortgage will automatically attach, without any further act or deed required of Borrower or Beneficiary act, to all after-acquired property of the kind described herein attached to or and/or used in connection with the operation of the Property Collateral or any part thereof.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Adcare Health Systems Inc)

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Further Assurances; After-Acquired Property. At any time, and from time to time, upon request by BeneficiaryLender, Borrower will make, execute and deliver or cause to be mademaxx, executed xxecuted and delivered, to BeneficiaryLender, any and all other further instruments, certificates, and other documents as may, in the reasonable opinion of BeneficiaryLender, be necessary or desirable to (i) perfect and protect the lien and security interest created or purported to be created hereby, (ii) enable Beneficiary Lender to exercise and enforce any and all rights and remedies hereunder in respect of the Property, or (iii) effect otherwise the purposes of this Security Instrument, including, without limitation, (A) executing and filing such financing or continuation statements, or amendments thereto, as may be necessary or desirable or that Beneficiary Lender might request to perfect and preserve the security interest created by this Security Instrument as a first and prior security interest upon and security title in and to all of the Property, whether now owned or hereafter acquired by Borrower, (B) if certificates of title are now or hereafter issued or outstanding issuex xx xxxstanding with respect to any of the Property, by immediately causing the interest of Beneficiary Lender to be properly noted thereon at Borrower's expense, and (C) furnishing to Beneficiary Lender from time to time statements and schedules further identifying and describing the Property and such other reports in connection with the Property as Beneficiary Lender might request, all in reasonable detail. Upon any failure by Borrower so to do, Beneficiary Lender may make, execute, and record any and all such instruments, certificatesxxxxificates, and documents for and in the name of Borrower, and Borrower hereby irrevocably appoints Beneficiary Lender the agent and attorney agexx xxx xttorney in fact of Borrower so to do, which power of attorney is coupled with an interest and irrevocable. The lien and security interest hereof shall attach automatically without any further act or deed required of Borrower or Beneficiary Lender to all after-acquired property of the kind described herein attached to or used in connection with the operation of the Property or any part thereof.

Appears in 1 contract

Samples: And Security Agreement (Roberts Realty Investors Inc)

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