LIEN LAW COVENANT. Mortgagor shall receive the advances secured by this Mortgage and shall hold the right to receive such advances as a trust fund in accordance with the provisions of Section 13 of the New York Lien Law.
Appears in 5 contracts
Samples: Loan Agreement (Acadia Realty Trust), Building Loan Agreement (Acadia Realty Trust), Loan Agreement (Acadia Realty Trust)
LIEN LAW COVENANT. Each Mortgagor shall receive the advances secured by this Mortgage and shall hold the right to receive such advances as a trust fund in accordance with the provisions of Section 13 of the New York Lien Law.
Appears in 2 contracts
Samples: Mortgage (CVC Inc), Consolidated Mortgage (Alterra Healthcare Corp)
