Common use of Lien on Realty Clause in Contracts

Lien on Realty. The due and punctual payment and performance of the Loan Parties shall also be secured by the Lien created by the Mortgages upon all property of the Loan Parties described therein. If any Loan Party shall acquire at any time or times hereafter any fee simple interest in other real property, such Loan Party agrees promptly at Agent’s option to execute and deliver to the Agent, as additional security and Collateral for the Obligations, Mortgages covering such real property. The Mortgages shall be duly recorded (at Loan Parties’ expense) in each office where such recording is required to constitute a valid Lien on the real property covered thereby. In respect of any Mortgage, Loan Parties shall deliver to the Agent, at Loan Parties’ expense, all Mortgage Related Documents as the 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 Loan Parties shall also be secured by the Lien created by the Mortgages upon all property of the Loan Parties described therein. If any Loan Party shall acquire at any time or times hereafter any fee simple interest in other real property, such Loan Party agrees promptly at AgentLender’s option to execute and deliver to the AgentLender, as additional security and Collateral for the Obligations, Mortgages covering such real property. The Mortgages shall be duly recorded (at Loan Parties’ expense) in each office where such recording is required to constitute a valid Lien on the real property covered thereby. In respect of any Mortgage, Loan Parties shall deliver to the AgentLender, at Loan Parties’ expense, all Mortgage Related Documents as the Agent Lender 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 Loan Parties shall also be secured by the Lien created by the Mortgages upon all property of the Loan Parties described therein. If any Loan Party shall acquire at any time or times hereafter any fee simple interest in other real property, such Loan Party agrees promptly at Agent’s 's option to execute and deliver to the Agent, as additional security and Collateral for the Obligations, Mortgages covering such real property. The Mortgages shall be duly recorded (at Loan Parties’ ' expense) in each office where such recording is required to constitute a valid Lien on the real property covered thereby. In respect of any Mortgage, Loan Parties shall deliver to the Agent, at Loan Parties’ ' expense, all Mortgage Related Documents as the Agent and its counsel may request relating to the real property subject to the Mortgages.