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: WINNER'S CHOICE CASINO, INC., a Louisiana corporation /s/ Xxxxxxx X. Xxxxxxxxxx /s/ Xxx X. Xxxxxxx _______________________________________ By: _________________________________ Xxxxxxx X. Xxxxxxxxxx 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 ----------- 1. Each of the liens and other encumbrances excepted as being prior to the Lien hereof as set forth in Schedule B to the marked title insurance commitment issued by Lawyers Title Insurance Corporation, dated as of the date hereof and delivered to the Trustee on the date hereof, bearing Lawyers Title Insurance Corporation reference number W0010-001 relating to the real property described in Schedule A attached hereto. 2. Zoning and building ordinances and regulations, to the extent they constitute Permitted Liens of the type described in clause (4) of the definition thereof. Schedule C ---------- Leases Affecting the Mortgaged Property None Exhibit 1 --------- FORM OF SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT (the "Agreement") is made and entered into as of the ____ day of _______, ____ by and between ________________________________, as trustee, having an office at _________________ (in such capacity, "Trustee"), and _____________________, having an office at __________________________ ("Tenant").

Last Dollars Secured. This Mortgage secures only a -------------------- 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: WINNER'S CHOICE BAYOU VISTA TRUCK PLAZA AND CASINO, INC.L.L.C., a Louisiana corporation limited liability company /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 ----------- 1. Each of the liens and other encumbrances excepted as being prior to the Lien hereof as set forth in Schedule B to the marked title insurance commitment issued by Lawyers Title Insurance Corporation, dated as of the date hereof and delivered to the Trustee on the date hereof, bearing Lawyers Title Insurance Corporation reference number W0010-001 37638REV relating to the real property described in Schedule A attached hereto. 2. Zoning and building ordinances and regulations, to the extent they constitute Permitted Liens of the type described in clause (4) of the definition thereof. Schedule C ---------- Leases Affecting the Mortgaged Property None NONE Exhibit 1 --------- FORM OF SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT (the "Agreement") is made and entered into as of the ____ day of _______, ____ by and between ________________________________, as trustee, having an office at _________________ (in such capacity, "Trustee"), and _____________________, having an office at __________________________ ("Tenant").

Last Dollars Secured. This Mortgage secures only a -------------------- 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: WINNER'S CHOICE LUCKY MAGNOLIA TRUCK STOP AND CASINO, INC.L.L.C., a Louisiana corporation limited liability company /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 ----------- 1. Each of the liens and other encumbrances excepted as being prior to the Lien hereof as set forth in Schedule B to the marked title insurance commitment issued by Lawyers Title Insurance Corporation, dated as of the date hereof and delivered to the Trustee on the date hereof, bearing Lawyers Title Insurance Corporation reference number W0010-001 37639REV relating to the real property described in Schedule A attached hereto. 2. Zoning and building ordinances and regulations, to the extent they constitute Permitted Liens of the type described in clause (4) of the definition thereof. Schedule C ---------- Leases Affecting the Mortgaged Property None NONE Exhibit 1 --------- FORM OF SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT (the "Agreement") is made and entered into as of the ____ day of _______, ____ by and between ________________________________, as trustee, having an office at _________________ (in such capacity, "Trustee"), and _____________________, having an office at __________________________ ("Tenant").

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: WINNER'S CHOICE CASINOJALOU EUNICE, INC., LLC a Louisiana corporation limited liability company /s/ Xxxxxxx Xxxxxx X. Xxxxxxxxxx Xxxxxxxx By: /s/ Xxx X. Xxxxxxx _______________________________________ By: _________________________________ Xxxxxxx X. Xxxxxxxxxx Printed Name: _________________________ Xxxxxx X. Xxxxxxxx Xxx X. Xxxxxxx Authorized Officer /s/ Xxxxxxxx X. Xxxx, Xx. _______________________________________ /s/ Printed Name: 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 -----------CERTAIN LOT OR PARCEL OF GROUND, situated in Section 00, Xxxxxxxx 0 Xxxxx, Xxxxx 1 East, St. Landry Parish, Louisiana, being designated as LOT “B” on a map of subdivision of the remaining portion of the Xxxxxx X. Xxxxxx Property, a copy of which map is of record in the official records of St. Landry Parish, Louisiana, said lot being more particularly described as follows: COMMENCING AT THE XXXXXXXXX XXXXXX XX XXXXXXX 00, X0X-X0X THENCE RUN NORTH ALONG THE WEST LINE OF SECTION 28 A DISTANCE OF 129.00’ TO THE INTERSECTION OF THE NORTHERLY RIGHT XX XXX XXXX XX XX XXXXXXX 000 AND THE WESTERLY RIGHT OF WAY LINE OF INDUSTRIAL PARK LANE; THENCE ALONG THE NORTHERLY RIGHT-OF-WAY LINE OF US HIGHWAY 190 SOUTH 89°51’18” EAST A DISTANCE OF 60.30’ TO THE POINT OF BEGINNING ON THE EASTERLY RIGHT-OF-WAY LINE OF INDUSTRIAL PARK LANE; THENCE ALONG THE SAID EASTERLY RIGHT-OF-WAY LINE NORTH 00°05’02” EAST A DISTANCE OF 478.58’ TO A POINT AND TURN; THENCE NORTH 89°58’42” EAST A DISTANCE OF 530.21’ TO A POINT AND TURN; THENCE SOUTH 27°14’14” EAST A DISTANCE OF 115.24’ TO A POINT AND TURN; THENCE NORTH 62°43’40” EAST A DISTANCE 56.70’ TO A POINT AND TURN; THENCE SOUTH 25°44’02” EAST A DISTANCE OF 70.00’ TO A POINT AND TURN; THENCE SOUTH A DISTANCE OF 340.93’ TO A POINT AND TURN ON THE NORTHERLY RIGHT-OF-WAY LINE OF US HIGHWAY 190; THENCE ALONG SAID NORTHERLY RIGHT-OF-WAY LINE NORTH 89°15’18” WEST A DISTANCE OF 664.45’ BACK TO THE POINT OF BEGINNING, CONTAINING WITHIN SAID BOUNDS 7.070 ACRES OR 307,969 SQ. FT. MORE OR LESS. 1. Each of the liens and other encumbrances excepted as being prior to the Lien hereof as set forth in Schedule B to the marked title insurance commitment issued by Lawyers Title Insurance Corporation, dated as of the date hereof and delivered to the Trustee on the date hereof, bearing Lawyers Title Insurance Corporation reference number W0010-001 40888/ dd relating to the real property described in Schedule A attached hereto. 2. Zoning and building ordinances and regulations, to the extent they constitute Permitted Liens of the type described in clause (4) of the definition thereof. Schedule C ---------- Leases Affecting the Mortgaged Property None Exhibit 1 --------- FORM OF SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT (the "“Agreement"”) is made and entered into as of the ____ day of _______, ____ by and between ________________________________, as trustee, having an office at _________________ (in such capacity, "“Trustee"”), and _____________________, having an office at __________________________ ("“Tenant"”).

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: WINNER'S CHOICE CASINOJACE, INC.Inc., a Louisiana 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 ----------- 1. Each of the liens and other encumbrances excepted as being prior to the Lien hereof as set forth in Schedule B to the marked title insurance commitment issued by Lawyers Title Insurance Corporation, dated as of the date hereof and delivered to the Trustee on the date hereof, bearing Lawyers Title Insurance Corporation reference number W0010-001 37637REV relating to the real property described in Schedule A attached hereto. 2. Zoning and building ordinances and regulations, to the extent they constitute Permitted Liens of the type described in clause (4) of the definition thereof. Schedule C ---------- Leases Affecting the Mortgaged Property None NONE Exhibit 1 --------- FORM OF SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT THIS SUBORDINATION, NON-DISTURBANCE AND ATTORNMENT AGREEMENT (the "Agreement") is made and entered into as of the ____ day of _______, ____ by and between ________________________________, as trustee, having an office at _________________ (in such capacity, "Trustee"), and _____________________, having an office at __________________________ ("Tenant").