Common use of Maintenance of Mortgaged Property; No Waste Clause in Contracts

Maintenance of Mortgaged Property; No Waste. Borrower will keep the Mortgaged Property in good repair, including the replacement of Personalty and Fixtures with items of equal or better function and quality. Borrower will not commit waste or permit impairment or deterioration of the Mortgaged Property.

Appears in 105 contracts

Samples: Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement (New Senior Investment Group Inc.), Multifamily Loan and Security Agreement (Resource Apartment REIT III, Inc.)

AutoNDA by SimpleDocs

Maintenance of Mortgaged Property; No Waste. Borrower will keep the each Mortgaged Property in good repair, including the replacement of replacing Personalty and Fixtures with items of equal or better function and quality. Borrower will not commit waste or permit impairment or deterioration of the any Mortgaged Property.

Appears in 3 contracts

Samples: Loan Agreement (Vinebrook Homes Trust, Inc.), Loan Agreement (Reven Housing REIT, Inc.), Loan Agreement (Front Yard Residential Corp)

Maintenance of Mortgaged Property; No Waste. Borrower will keep the Mortgaged Property in good repair, including the replacement of replacing Personalty and Fixtures with items of equal or better function and quality. Borrower will not commit waste or permit impairment or deterioration of the Mortgaged Property.

Appears in 3 contracts

Samples: Loan Agreement, Loan Agreement, Loan Agreement

Maintenance of Mortgaged Property; No Waste. Borrower will keep the Mortgaged Property in good repair, (including the replacement of Personalty and Fixtures with items of equal or better function and quality), ordinary wear and tear and casualty excepted. Borrower will not commit waste or permit impairment or deterioration of the Mortgaged Property.

Appears in 2 contracts

Samples: Multifamily Loan and Security Agreement (New Senior Investment Group Inc.), Multifamily Loan and Security Agreement (New Senior Investment Group Inc.)

AutoNDA by SimpleDocs

Maintenance of Mortgaged Property; No Waste. Borrower will keep the Mortgaged Property in good repair, including the replacement of Personalty and Fixtures with items of equal or better function and quality, ordinary wear and tear and casualty excepted. Borrower will not commit waste or permit impairment or deterioration of the Mortgaged Property.

Appears in 1 contract

Samples: Multifamily Loan and Security Agreement (New Senior Investment Group Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!