Grantors Covenants Representations and Agreements Sample Clauses

Grantors Covenants Representations and Agreements. 2.1 The Grantor represents and covenants that it is seised of the Property in fee and has the right to convey the same, that the title to the Property is free and clear of all encumbrances except for liens and encumbrances in favor of the Lender and any matters shown as specific exceptions in the policy of title insurance accepted by the Lender in connection with this Deed of Trust, and that it will warrant and defend the title to the Property against the claims of all persons or parties except for the matters shown as specific exceptions in the policy of title insurance accepted by the Lender in connection with this Deed of Trust or any endorsement thereto. 2.2 The Grantor will punctually pay all sums secured hereby at the time and place and in the manner specified in the Loan Agreement and the Note. 2.3 The Grantor will pay as they become due all taxes, general and special assessments, insurance premiums, permit fees, inspection fees, license fees and all water and sewer charges against it or the Property, and the Grantor, upon request of the Lender, will submit to the Lender receipts evidencing said payments. 2.4 The Grantor covenants to keep the Property insured against loss or damage by fire and the risks embraced within the term "extended coverage" and insured against such other hazards and risks as may be reasonably required by the Lender. 2.5 The Grantor covenants to maintain or cause to be maintained general accident and public liability insurance against all claims for bodily injury, death or property damage occurring upon, in or about any part of the Property. 2.6 Upon the request of the Lender, the Grantor shall, at its own cost, keep the value of all buildings now or hereafter comprising a part of the Property insured against loss or damage by fire and such other insurable risks, casualties and hazards as the Lender may from time to time specify. 2.7 The Grantor agrees to deliver to the Lender, as additional security hereto, copies of the original policies of such insurance as is required by the Lender pursuant to Sections 2.4, 2.5 and 2.6 hereof and of any additional insurance which shall be taken out upon the Property while any part of the Obligations shall remain unpaid. Renewals of such policies shall be so delivered at least ten (10) days before any such insurance shall expire. The insurance policies are to designate the Lender as mortgagee in a standard mortgagee endorsement, provided that such policies may not be cancelled without thirt...