Grant and Conveyance. For and in consideration of the sum of ONE DOLLAR ($1.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Grantor does hereby GRANT, BARGAIN, SELL, CONVEY, ASSIGN, MORTGAGE, TRANSFER, PLEDGE and SET OVER unto Mortgagee and the Mortgagee’s successors and/or assigns, the Collateral, subject, however, to the Permitted Encumbrances, TO HAVE AND TO HOLD the Collateral and all parts, rights, members and appurtenances thereof, IN FEE SIMPLE forever, as security for the full and timely payment and performance of the Obligations, for the benefit of Mortgagee and its successors and/or assigns. Grantor warrants and covenants that Grantor is lawfully seized and possessed of the Collateral as aforesaid, and has good right to convey the same subject only to the Permitted Encumbrances, and that Grantor does warrant and shall forever defend the title thereto against the claims of all Persons whomsoever, subject as to the Permitted Encumbrances.
Grant and Conveyance. For and in consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Borrower does hereby GRANT, BARGAIN, SELL, CONVEY, ASSIGN, TRANSFER, PLEDGE and SET OVER unto Lender the Mortgaged Property, subject, however, to the Permitted Encumbrances, TO HAVE AND TO HOLD the Mortgaged Property and all parts, rights, members and appurtenances thereof, to the use, benefit and behoof of Lender and the successors and assigns of Lender, IN FEE SIMPLE forever; and Borrower warrants and covenants that Borrower is lawfully seized and possessed of the Mortgaged Property as aforesaid, and has good right to convey the same subject only to the Permitted Encumbrances, and that Borrower does warrant and shall forever defend the title thereto against the claims of all persons whomsoever, except as to the Permitted Encumbrances.
Grant and Conveyance. FOR VALUE RECEIVED, and for the purpose of securing the Obligations (as defined below), Grantor hereby irrevocably grants, bargains, sells, conveys, assigns, and transfers to Trustee, in trust, for the benefit and security of the Beneficiary, WITH POWER OF SALE and right of entry and possession, all of Grantor’s right, title, and interest in and to that certain real property situated in the County of [County], State of Oregon, and described in Exhibit A attached hereto and by this reference incorporated herein (the “Land”); All buildings, structures and improvements now or at any time hereafter erected, constructed and situated upon the Land or any part thereof (collectively, “Improvements”) and all apparatus, appliances, furnaces, boilers, machinery, engines, equipment and other like property and fixtures of every kind and description now or hereafter affixed or attached to or located in any such Improvements; All furniture, fixtures (including without limitation appliances), equipment, and other personal property used in connection with the operation of the Land and Improvements; and All general intangibles, licenses, accounts, contracts and contract rights (including construction and architect contracts), leases, rental agreements, and other agreements for the use and occupancy of residential or commercial space in the Improvements, Rents (as defined in Section 4 below), plans and specifications, engineering environmental or other reports and studies, management contracts or agreements, zoning rights and privileges, permits, and certificates required, used or created in connection with the construction, ownership, operation or maintenance of the Land or Improvements. The Land, the Improvements and all other property described above are collectively referred to herein as the “Property”. Grantor is indebted to Beneficiary according to the terms of that certain Promissory Note of even date herewith (the “Promissory Note”) in the principal amount not to exceed $[X,XXX,XXX], under which the final payment will be due on [date]. The Promissory Note, together with any note or notes given in renewal, modification, substitution or in addition to the Promissory Note originally issued, is referred to herein as the “Note”. This Trust Deed, and the lien and security interest granted hereunder, are given to secure: (a) repayment of all principal, interest and other charges under the Note; (b) performance of all obligations of Grantor under that certain Loan Agreement ...
Grant and Conveyance. (a) Grant of Net Revenue Interest. Grant hereby grants, bargains, sells, assigns, conveys, transfers and sets over to Ellixxx, x net revenue interest, as more particularly described in Section 4 below (the "NET REVENUE INTEREST") in and to the Data (hereinafter defined) measured by, and hereinafter defined as Grant's net revenue, if any, that is realized from the sale or license of the Data, as such net revenue is computed as provided herein. TO HAVE AND TO HOLD the Net Revenue Interest, together with all rights, privileges, and options related thereto, unto Ellixxx, xxs successors and assigns forever, subject to the terms, conditions, exceptions, reservations, covenants, and agreements herein set forth.
Grant and Conveyance. For and in consideration of the sum of ONE DOLLAR ($1.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Owner does hereby (a) GRANT, BARGAIN, SELL, CONVEY, ASSIGN, MORTGAGE, TRANSFER, PLEDGE and SET OVER unto [Trustee and the Trustee’s successors and/or assigns for the benefit of Secured Parties][Agent and Agent’s successors and/or assigns for the benefit of Secured Parties], the Collateral, subject, however, to the Permitted Encumbrances, TO HAVE AND TO HOLD the Collateral and all parts, rights, members and appurtenances thereof, as security for the full and timely payment and performance of Obligations, for the benefit of [Agent][Trustee] and its successors and/or assigns for the benefit of Secured Parties, forever [IN TRUST, WITH THE POWER OF SALE, to secure payment to Agent and the other Secured Parties of the Obligations at the time and in the manner provided for its payment in the Notes and the Credit Agreement], and (b) GRANTS to [Trustee and the Trustee’s successors and/or assigns for the benefit of Secured Parties][Agent and Agent’s successors and/or assigns for the benefit of Secured Parties] a security interest in the Collateral, as further security for the full and timely payment and performance of the Obligations.
Grant and Conveyance. For value received, Trustor irrevocably grants, conveys and assigns to Trustee in Trust, with power of sale, that certain real property located in Maricopa County, Arizona, and more particularly described and more particularly described on Exhibit A attached hereto, together with all buildings, structures and improvements located thereon (the “Property”).
Grant and Conveyance. For and in consideration of the sum of ONE DOLLAR ($1.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Grantor does hereby (a) GRANT, BARGAIN, SELL, CONVEY, ASSIGN, MORTGAGE, TRANSFER, PLEDGE and SET OVER unto Trustee and the Trustee’s successors and/or assigns, the Collateral, subject, however, to the Permitted Encumbrances, TO HAVE AND TO HOLD the Collateral and all parts, rights, members and appurtenances thereof, IN FEE SIMPLE forever, as security for the full and timely payment and performance of Obligations, for the benefit of Beneficiary and its successors and/or assigns, and (b) GRANTS to Beneficiary a security interest in the Collateral, as further security for the full and timely payment and performance of the Obligations. Grantor warrants and covenants that Grantor is lawfully seized and possessed of the Collateral as aforesaid, and has good right to convey the same subject only to the Permitted Encumbrances, and that Grantor does warrant and shall forever defend the title thereto against the claims of all Persons whomsoever, subject as to the Permitted Encumbrances.
Grant and Conveyance. Assignor does hereby unconditionally, absolutely and presently bargain, sell, assign and set over unto Assignee, for its individual benefit and the benefit of the Lenders, all right, title and interest of Assignor in and to any and all existing or future Lease, together with the immediate and continuing right to collect and receive all the Rents.
Grant and Conveyance. Assignor does hereby unconditionally, absolutely and presently bargain, sell, assign and set over unto Assignee, for its individual benefit and the benefit of the Lenders, all right, title and interest of Assignor in and to any and all existing or future Lease, together with the immediate and continuing right to collect and receive all the Rents (other than the Xxxxxxx Brothers Agreement, but only to the extent, and for so long as, Assignor’s right to assign the Xxxxxxx Brothers Agreement is prohibited pursuant to the terms thereof or such prohibition is rendered unenforceable or otherwise deemed ineffective by the Uniform Commercial Code or any other Applicable Law). TO HAVE AND TO HOLD THE SAME UNTO ASSIGNEE as provided herein. This Assignment is intended to be an absolute assignment from Assignor to Assignee and not merely the passing of a security interest; provided, however, that Assignee hereby grants to Assignor a revocable license to collect, except as hereinafter provided, the Rents and to enforce the Leases, so long as no Event of Default exists. If an Event of Default occurs, however, such license shall be revoked upon the written election of Assignee and Assignee shall not be required to take any further action whatsoever, including, without limitation, instituting legal proceedings of any kind, to terminate Assignor’s license to collect Rents or enforce any of the other provisions or remedies contained in the Assignment.
Grant and Conveyance. Grantor, for the consideration and subject to the Exceptions to Conveyance and Warranty, GRANTS, SELLS, and CONVEYS to Grantee the Property, together with all and singular the rights and appurtenances thereto in any wise belonging, to have and hold it to Grantee, Xxxxxxx’s successors and assigns for as long as the Fee Simple Determinable Condition is satisfied, and if the Fee Simple Determinable Condition is not satisfied, the Property will automatically revert to and be owned by Grantor without the necessity of any further act on the part of Grantor, it being Grantor’s intent to convey a fee simple determinable estate to Grantee, and Grantor binds itself and its successors and assigns to warrant and to defend all and singular the Property to Grantee, its successors and assigns against every person lawfully claiming or to claim all or any part of the Property, by, though, or under Grantor, but not otherwise, as long as the Fee Simple Determinable Condition is satisfied and subject to the Reservations From and Exceptions to Conveyance and Warranty. When the context of this instrument requires, singular nouns and pronouns will include the plural. EXECUTED the day of , 2014. GRANTOR: RIVER OAKS PROPERTIES, LTD., a Texas limited partnership By: River Oaks Asset Management, Inc. Its: General Partner By: Xxxx X. Xxxxx, President STATE OF TEXAS § § COUNTY OF EL PASO § This instrument was acknowledged before me this day of , 2014, by Xxxx X. Xxxxx, President of River Oaks Asset Management, Inc., a Texas corporation, which is the General Partner of River Oaks Properties, Ltd., a Texas limited partnership, on behalf of said limited partnership.
