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 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 for "Permitted Liens" as defined in the Loan Agreement; and (b) Mortgagor has good right, full power and lawful authority to mortgage and pledge the Mortgaged Property as provided herein; (c) upon the occurrence of an Event of Default (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 hereof and of the Loan Agreement; and (d) 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 Liens, until the Secured Liabilities have been paid in full 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: (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 whatsoeverwhatsoever except those expressly permitted in writing by Lender, except for "if any (such liens, security interests, charges and encumbrances expressly permitted in writing being hereinafter referred to as the “Permitted Liens" as defined in the Loan AgreementEncumbrances”); and (bc) Mortgagor has good right, full power and lawful authority to mortgage and pledge the Mortgaged Property as provided herein; (cd) upon the occurrence of an Event of Default (hereinafter defined)Default, Lender may at all times thereafter peaceably and quietly enter upon, hold, occupy and enjoy the Mortgaged Property in accordance with the terms hereof and of the Loan Agreementhereof; and (de) 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 Liens, Encumbrances until the Secured Mortgagor’s Liabilities have been paid in full and all obligations of Lender under the Loan Agreement have been terminatedfull.

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 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 whatsoeverwhatsoever except (i) those described on Exhibit B attached hereto and (ii) those expressly permitted in writing by Lender, except for if any (such liens, security interests, charges and encumbrances expressly permitted in writing being hereinafter referred to as the "Permitted Liens" as defined in the Loan AgreementEncumbrances"); and (b) Mortgagor has good right, full power and lawful authority to mortgage and pledge the Mortgaged Property as provided herein; (c) upon the occurrence of an Event of Default (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 hereof and of the Loan Agreementhereof; and (d) 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 Liens, Encumbrances until the Secured Borrower's Liabilities have been paid in full and all Lender's 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 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 whatsoeverwhatsoever except those currently of record, except for if any (such liens, security interests, charges and encumbrances being hereinafter referred to as the "Permitted Liens" as defined in the Loan AgreementEncumbrances"); and (b) Mortgagor has good right, full power and lawful authority to mortgage and pledge the Mortgaged Property as provided herein; (c) upon the occurrence of an Event of Default (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 hereof and of the Loan Agreement; hereof, and (d) 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 Liens, Encumbrances until the Secured Borrowers' Liabilities have been paid in full and all Lender's obligations of Lender under the Loan Agreement have been terminated.