Common use of Future Advances Secured Clause in Contracts

Future Advances Secured. The Mortgage Paper mentioned herein secures and enforces the payment of the Obligations including but not limited to all sums advanced by Bank to Borrower pursuant to the Note.

Appears in 3 contracts

Sources: Loan Agreement (United Development Funding IV), Loan Agreement (United Development Funding IV), Revolving Loan Agreement (United Development Funding IV)

Future Advances Secured. The Pledged Mortgage Paper mentioned herein secures and enforces the payment of the Obligations including but not limited to all sums advanced by Bank to Borrower pursuant to the Note.

Appears in 1 contract

Sources: Revolving Loan Agreement (United Development Funding IV)