Common use of Last Dollars Secured; Priority Clause in Contracts

Last Dollars Secured; Priority. To the extent that this Mortgage secures only a portion of the indebtedness owing or which may become owing by Mortgagor to the Secured Parties, the parties agree that any payments or repayments of such indebtedness shall be and be deemed to be applied first to the portion of the indebtedness that is not secured hereby, it being the parties’ intent that the portion of the indebtedness last remaining unpaid shall be secured hereby. 

Last Dollars Secured; Priority. To the extent that this This Mortgage secures only a portion of the indebtedness Indebtedness owing or which may become owing by the Mortgagor to the Secured Parties, the Lenders. The 27 parties agree that any payments or repayments of such indebtedness Indebtedness shall be and be deemed to be applied first to the portion of the indebtedness Indebtedness that is not secured hereby, it being the parties’ ' intent that the portion of the indebtedness Indebtedness last remaining unpaid shall be secured hereby. .

Last Dollars Secured; Priority. To the extent that this This Mortgage secures only a portion of the indebtedness and obligations owing or which may become owing by Mortgagor the Trustor to the Secured Parties, the . The parties agree that any payments or repayments of such indebtedness or obligations shall be and be deemed to be applied first to the portion of the indebtedness or obligations that is not secured hereby, it being the parties’ ' intent that the portion of the indebtedness and obligations last remaining unpaid shall be secured hereby. .

Last Dollars Secured; Priority. To the extent that this This Mortgage secures only a portion of the indebtedness owing or which may become owing by the Mortgagor to the Secured Parties, the Lenders. The parties agree that any payments or repayments of such indebtedness shall be and be deemed to be applied first to the portion of the indebtedness that is not secured hereby, it being the parties’ intent that the portion of the indebtedness last remaining unpaid shall be secured hereby. .