Common use of Last Dollars Secured Clause in Contracts

Last Dollars Secured. This Mortgage secures only a -------------------- portion of the Indebtedness owing or which may become owing by the Mortgagor. The parties agree that any payments or repayments of such Indebtedness by the Mortgagor 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. THUS DONE AND PASSED, on the day, month and year first written above, effective as of the Effective Date, in the State and Parish aforesaid, by the undersigned Mortgagor in the presence of the undersigned Notary and the undersigned competent witnesses, who hereunto sign their names with Mortgagor after reading of the whole. WITNESSES: MORTGAGOR: LUCKY MAGNOLIA TRUCK STOP AND CASINO, L.L.C., a Louisiana limited liability company /s/ Xxxxxxx X. Xxxxxxxxxx /s/ Xxx X. Xxxxxxx ___________________________________ By: _________________________________ Xxx X. Xxxxxxx Xxxxxxx X. Xxxxxxxxxx Authorized Officer Printed Name: _____________________ /s/ Xxxxxxxx X. Xxxx, Xx. ___________________________________ Xxxxxxxx X. Xxxx, Xx. Printed Name: _____________________ /s/ Xxxxxxxx X. Xxxxxxxxxx _______________________________ Notary Public Schedule A ---------- Legal Description [to come from title policy] Schedule B ---------- Prior Liens -----------

Last Dollars Secured. This Mortgage secures only -------------------- a -------------------- portion of the Indebtedness owing or which may become owing by the Mortgagor. The parties agree that any payments or repayments of such Indebtedness by the Mortgagor 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. THUS DONE AND PASSED, on the day, month and year first written above, effective as of the Effective Date, in the State and Parish aforesaid, by the undersigned Mortgagor in the presence of the undersigned Notary and the undersigned competent witnesses, who hereunto sign their names with Mortgagor after reading of the whole. WITNESSES: MORTGAGOR: LUCKY MAGNOLIA TRUCK STOP AND WINNER'S CHOICE CASINO, L.L.C.INC., a Louisiana limited liability company corporation /s/ Xxxxxxx X. Xxxxxxxxxx /s/ Xxx X. Xxxxxxx _______________________________________ By: _________________________________ Xxx X. Xxxxxxx Xxxxxxx X. Xxxxxxxxxx Authorized Officer Printed Name: _________________________ Xxx X. Xxxxxxx Authorized Officer /s/ Xxxxxxxx X. Xxxx, Xx. _______________________________________ /s/ Xxxxxxxx X. Xxxx, Xx. Printed Name: _________________________ /s/ Xxxxxxxx X. Xxxxxxxxxx _______________________________________ Notary Public Schedule A ---------- Legal Description [to come from title policy] Schedule B ---------- Prior Liens -----------

Last Dollars Secured. This Mortgage secures only a -------------------- portion of the Indebtedness owing or which may become owing by the Mortgagor. The parties agree that any payments or repayments of such Indebtedness by the Mortgagor 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. THUS DONE AND PASSED, on the day, month and year first written above, effective as of the Effective Date, in the State and Parish aforesaid, by the undersigned Mortgagor in the presence of the undersigned Notary and the undersigned competent witnesses, who hereunto sign their names with Mortgagor after reading of the whole. WITNESSES: MORTGAGOR: LUCKY MAGNOLIA BAYOU VISTA TRUCK STOP PLAZA AND CASINO, L.L.C., a Louisiana limited liability company /s/ Xxxxxxx X. Xxxxxxxxxx /s/ Xxx X. Xxxxxxx ___________________________________ By: _________________________________ Xxx X. Xxxxxxx Xxxxxxx X. Xxxxxxxxxx Authorized Officer Printed Name: _____________________ /s/ Xxxxxxxx X. Xxxx, Xx. ___________________________________ Xxxxxxxx X. Xxxx, Xx. Printed Name: _____________________ /s/ Xxxxxxxx X. Xxxxxxxxxx _______________________________________ Notary Public Schedule A ---------- Legal Description [to come from title policy] Schedule B ---------- Prior Liens -----------

Last Dollars Secured. This Mortgage secures only -------------------- a -------------------- portion of the Indebtedness owing or which may become owing by the Mortgagor. The parties agree that any payments or repayments of such Indebtedness by the Mortgagor 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. THUS DONE AND PASSED, on the day, month and year first written above, effective as of the Effective Date, in the State and Parish aforesaid, by the undersigned Mortgagor in the presence of the undersigned Notary and the undersigned competent witnesses, who hereunto sign their names with Mortgagor after reading of the whole. WITNESSES: MORTGAGOR: LUCKY MAGNOLIA TRUCK STOP AND CASINOJACE, L.L.C.Inc., a Louisiana limited liability company corporation /s/ Xxxxxxx X. Xxxxxxxxxx /s/ Xxx X. Xxxxxxx ___________________________________ By: _________________________________ Xxx X. Xxxxxxx Xxxxxxx X. Xxxxxxxxxx Authorized Officer Printed Name: _____________________ /s/ Xxxxxxxx X. Xxxx, Xx. ___________________________________ Xxxxxxxx X. Xxxx, Xx. Printed Name: _____________________ /s/ Xxxxxxxx X. Xxxxxxxxxx _______________________________________ Notary Public Schedule A ---------- Legal Description [to come from title policy] Schedule B ---------- Prior Liens -----------