Common use of Lien on Realty Clause in Contracts

Lien on Realty. The due and punctual payment and performance of the Obligations shall also be secured by the Lien created by Mortgages upon all real Property of Borrowers now or hereafter owned. Each Mortgage shall be executed by the Borrowers in favor of Agent. Each Mortgage shall be duly recorded, at Borrowers' expense, in each office where such recording is required to constitute a fully perfected first Lien on the real Property covered thereby. Borrowers shall deliver to Agent, at Borrowers' expense, mortgagee title insurance policies issued by a title insurance company satisfactory to Agent, which policies shall be in form and substance satisfactory to Agent and shall insure a valid first Lien in favor of Agent, for the benefit of itself and the Lenders, on the Property covered by each Mortgage, subject only to those exceptions reasonably acceptable to Agent and its counsel. Borrowers shall deliver to Agent such other documents, including, without limitation, as-built survey prints of the real Property, as Agent and its counsel may request relating to the real Property subject to the Mortgages.

Lien on Realty. The due and punctual payment and performance of the Obligations shall also be secured by the Lien created by Mortgages upon all real Property of Borrowers now or hereafter ownedBorrower described therein. Each Mortgage shall be executed by the Borrowers Borrower in favor of Agent. Each Mortgage shall be duly recorded, at Borrowers' Borrower's expense, in each office where such recording is required to constitute a fully perfected first Lien on the real Property covered thereby. Borrowers Borrower shall deliver to Agent, at Borrowers' Borrower's expense, mortgagee title insurance policies issued by a title insurance company satisfactory to Agent, which policies shall be in form and substance satisfactory to Agent and shall insure a valid first Lien in favor of Agent, for the benefit of itself and the Lenders, on the Property covered by each Mortgage, subject only to those exceptions reasonably acceptable to Agent and its counsel. Borrowers Borrower shall deliver to Agent such other documents, including, without limitation, as-built survey prints of the real Property, as Agent and its counsel may request relating to the real Property subject to the Mortgages.

Lien on Realty. The due and punctual payment and performance of the Obligations shall also be secured by the Lien created by Mortgages the Mortgage upon all the real Property property of Borrowers now or hereafter ownedCredit Parties described therein. Each Mortgage shall be executed by the Borrowers in favor of Agent. Each The Mortgage shall be duly recorded, recorded (at Borrowers' Borrower’s expense, ) in each office where such recording is required to constitute a fully perfected first valid Lien on the real Property property covered thereby. Borrowers In respect to any Mortgage, Credit Parties shall deliver to Agent, at Borrowers' Borrower’s expense, mortgagee title insurance policies issued by a title insurance company reasonably satisfactory to Agent, which policies shall be in form and substance reasonably satisfactory to Agent and shall insure a valid first Lien in favor of Agent, for its benefit and the benefit of itself and the Lenders, on the Property property covered by each Mortgagethereby, subject only to Permitted Encumbrances and those other exceptions reasonably acceptable to Agent and its counselAgent. Borrowers Credit Parties shall also deliver to Agent such other usual and customary documents, including, without limitation, as-built survey prints ALTA Surveys of the real Propertyproperty described in the Mortgage, as Agent and its counsel may request relating to the real Property property subject to the MortgagesMortgage.

Lien on Realty. The due and punctual payment and performance of the Obligations shall also be secured by the Lien created by Mortgages upon all real Property of Borrowers now or hereafter owned. Each Mortgage shall be executed by the Borrowers in favor of Agent. Each Mortgage shall be duly recorded, at Borrowers' expense, in each office where such recording is required to constitute a fully perfected first Lien on the real Property covered thereby. Borrowers shall deliver to Agent, at Borrowers' expense, mortgagee title insurance policies issued by a title insurance company satisfactory to Agent, which policies shall be in form and substance satisfactory to Agent and shall insure a valid first Lien in favor of Agent, for the benefit of itself and the Lenders, on the Property covered by each Mortgage, subject only to those exceptions reasonably acceptable to Agent and its counsel. Borrowers shall deliver to Agent such other documents, including, without limitation, as-built survey prints of the real Property, as Agent and its counsel may request relating to the real Property subject to the Mortgages.

Lien on Realty. The due and punctual payment and performance of the Obligations shall also be secured by the Lien created by Mortgages upon all real Property of Borrowers now or hereafter owned. Each Mortgage shall be executed by the Borrowers in favor of Agent. Each Mortgage shall be duly recorded, at Borrowers' ’ expense, in each office where such recording is required to constitute a fully perfected first Lien on the real Property covered thereby. Borrowers shall deliver to Agent, at Borrowers' ’ expense, mortgagee title insurance policies issued by a title insurance company satisfactory to Agent, which policies shall be in form and substance satisfactory to Agent and shall insure a valid first Lien in favor of Agent, for the benefit of itself and the Lenders, on the Property covered by each Mortgage, subject only to those exceptions reasonably acceptable to Agent and its counsel. Borrowers shall deliver to Agent such other documents, including, without limitation, as-built survey prints of the real Property, as Agent and its counsel may request relating to the real Property subject to the Mortgages.