Common use of General Covenants and Representations Clause in Contracts

General Covenants and Representations. Mortgagor covenants, represents and warrants that as of the date hereof and at all times thereafter during the term hereof: (a) Mortgagor is a corporation, duly organized, validly existing and in good standing under the laws of the State of Indiana [and is in good standing under the laws of the State of Illinois;] (b) Mortgagor is seized of an indefeasible estate in fee simple in that portion of the Mortgaged Property which is real property, and has good and absolute title to it and the balance of the Mortgaged Property free and clear of all liens, security interests, charges and encumbrances whatsoever except those expressly permitted in writing by Lender, if any (such liens, security interests, charges and encumbrances expressly permitted in writing being hereinafter referred to as the “Permitted Encumbrances”); (c) Mortgagor has good right, full power and lawful authority to mortgage and pledge the Mortgaged Property as provided herein; (d) upon the occurrence of an Event of Default, Lender may at all times peaceably and quietly enter upon, hold, occupy and enjoy the Mortgaged Property in accordance with the terms hereof; and (e) Mortgagor will maintain and preserve the lien of this Mortgage as a first and paramount lien on the Mortgaged Property subject only to the Permitted Encumbrances until Mortgagor’s Liabilities have been paid in full.

General Covenants and Representations. Mortgagor covenants, represents and warrants that as of the date hereof and at all times thereafter during the term hereof: (a) Mortgagor is a corporation, duly organized, validly existing and in good standing under the laws of the State of Indiana [and is in good standing under the laws of the State of Illinois;] (b) Mortgagor is seized of an indefeasible estate in fee simple in that portion of the Mortgaged Property which is real property, and has good and absolute title to it and the balance of the Mortgaged Property free and clear of all liens, security interests, charges and encumbrances whatsoever except those expressly permitted for Permitted Liens (defined in writing by Lender, if any (such liens, security interests, charges and encumbrances expressly permitted in writing being hereinafter referred to as the “Permitted Encumbrances”Credit Agreement); (cb) Mortgagor has good right, full power and lawful authority to mortgage and pledge the Mortgaged Property as provided herein; (dc) upon the occurrence of an Event of DefaultDefault (hereinafter defined), Lender Bank may at all times peaceably and quietly enter upon, hold, occupy and enjoy the Mortgaged Property in accordance with the terms hereof; and (ed) Mortgagor will maintain and preserve the lien of this Mortgage as a first and paramount lien on the Mortgaged Property subject only to the Permitted Encumbrances Liens until MortgagorBorrower’s Liabilities have been paid in full.

General Covenants and Representations. Mortgagor covenants, represents and warrants that as of the date hereof and at all times thereafter during the term hereof: (a) Mortgagor is a corporation, duly organized, validly existing and in good standing under the laws of the State of Indiana [and is in good standing under the laws of the State of Illinois;] (b) Mortgagor is seized of an indefeasible estate in fee simple in that portion of the Mortgaged Property which is real property, and has good and absolute title to it and the balance of the Mortgaged Property free and clear of all liens, security interests, charges and encumbrances whatsoever whatsoever, except those expressly permitted for "Permitted Liens" as defined in writing by Lender, if any the Loan Agreement; and (such liens, security interests, charges and encumbrances expressly permitted in writing being hereinafter referred to as the “Permitted Encumbrances”); (cb) Mortgagor has good right, full power and lawful authority to mortgage and pledge the Mortgaged Property as provided herein; (dc) upon the occurrence of an Event of DefaultDefault (hereinafter defined), Lender may at all times thereafter peaceably and quietly enter upon, hold, occupy and enjoy the Mortgaged Property in accordance with the terms hereofhereof and of the Loan Agreement; and (ed) Mortgagor will maintain and preserve the lien of this Mortgage as a first and paramount lien on the Mortgaged Property Property, subject only to the Permitted Encumbrances Liens, until Mortgagor’s the Secured Liabilities have been paid in fullfull and all obligations of Lender under the Loan Agreement have been terminated.

General Covenants and Representations. Mortgagor covenants, represents and warrants that as of the date hereof and at all times thereafter during the term hereof: hereof (a) Mortgagor is a corporation, duly organized, validly existing and in good standing under the laws of the State of Indiana [and is in good standing under the laws of the State of Illinois;] (b) Mortgagor is seized of an indefeasible estate in fee simple in that portion of the Mortgaged Property which is real property, and has good and absolute title to it and the balance of the Mortgaged Property free and clear of all liens, security interests, charges and encumbrances whatsoever except those expressly permitted in writing by Lendercurrently of record, if any (such liens, security interests, charges and encumbrances expressly permitted in writing being hereinafter referred to as the “"Permitted Encumbrances”"); (cb) Mortgagor has good right, full power and lawful authority to mortgage and pledge the Mortgaged Property as provided herein; (dc) upon the occurrence of an Event of DefaultDefault (hereinafter defined), Lender may at all times peaceably and quietly enter upon, hold, occupy and enjoy the Mortgaged Property in accordance with the terms hereof; , and (ed) Mortgagor will maintain and preserve the lien of this Mortgage as a first and paramount lien on the Mortgaged Property subject only to the Permitted Encumbrances until Mortgagor’s Borrowers' Liabilities have been paid in fullfull and Lender's obligations under the Loan Agreement have been terminated.

General Covenants and Representations. Mortgagor covenants, represents and warrants that as of the date hereof and at all times thereafter during the term hereof: (a) Mortgagor is a corporation, duly organized, validly existing and in good standing under the laws of the State of Indiana [and is in good standing under the laws of the State of Illinois;] (b) Mortgagor is seized of an indefeasible estate in fee simple in that portion of the Mortgaged Property which is real property, and has good and absolute title to it and the balance of the Mortgaged Property free and clear of all liens, security interests, charges and encumbrances whatsoever except (i) those described on Exhibit B attached hereto and (ii) those expressly permitted in writing by Lender, if any (such liens, security interests, charges and encumbrances expressly permitted in writing being hereinafter referred to as the “"Permitted Encumbrances”"); (cb) Mortgagor has good right, full power and lawful authority to mortgage and pledge the Mortgaged Property as provided herein; (dc) upon the occurrence of an Event of DefaultDefault (hereinafter defined), Lender may at all times peaceably and quietly enter upon, hold, occupy and enjoy the Mortgaged Property in accordance with the terms hereof; and (ed) Mortgagor will maintain and preserve the lien of this Mortgage as a first and paramount lien on the Mortgaged Property subject only to the Permitted Encumbrances until Mortgagor’s Borrower's Liabilities have been paid in fullfull and Lender's obligations under the Loan Agreement have been terminated.

General Covenants and Representations. Mortgagor covenants, represents and warrants that as of the date hereof and at all times thereafter during the term hereof: (a) Mortgagor is a corporation, duly organized, validly existing and in good standing under the laws of the State of Indiana [and is in good standing under the laws of the State of Illinois;] (b) Mortgagor is seized of an indefeasible estate in fee simple in that portion of the Mortgaged Encumbered Property which is real property, and has good and absolute title to it and the balance of the Mortgaged Encumbered Property free and clear of all liens, security interests, charges and encumbrances whatsoever except those expressly permitted for Permitted Encumbrances (defined in writing by Lender, if any (such liens, security interests, charges and encumbrances expressly permitted in writing being hereinafter referred to as the “Permitted Encumbrances”Loan Agreement); (cb) Mortgagor has good right, full power and lawful authority to mortgage and pledge the Mortgaged Encumbered Property as provided herein; (dc) upon the occurrence of an Event of DefaultDefault (hereinafter defined), Lender Agent may at all times peaceably and quietly enter upon, hold, occupy and enjoy the Mortgaged Encumbered Property in accordance with the terms hereof; and (ed) Mortgagor will maintain and preserve the lien of this Mortgage as a first and paramount lien on the Mortgaged Encumbered Property subject only to the Permitted Encumbrances until Mortgagor’s Liabilities the Secured Obligations have been paid in full.