Common use of Maximum Principal Indebtedness Clause in Contracts

Maximum Principal Indebtedness. This Mortgage secures the unpaid balance of loan advances which may be made after this Mortgage is filed for record. The maximum amount of the unpaid principal balance of all loan advances (in the aggregate and exclusive of interest thereon and other advances made for the payment of taxes, insurance, or for protection of the Mortgaged Property) which may be outstanding at any time is $85,000,000.00. In addition to any other debt or obligation secured hereby, this Mortgage shall also secure unpaid balances of advances made with respect to the Mortgaged Property for the payment of taxes, assessments, insurance premiums, and costs incurred for maintaining the Improvements on, or for the protection of, the Mortgaged Property.

Maximum Principal Indebtedness. This Mortgage secures the unpaid balance of loan advances which may be made after this Mortgage is filed for record. The maximum amount of the unpaid principal balance of all loan advances (in the aggregate and exclusive of interest thereon and other advances made for the payment of taxes, insurance, or for protection of the Mortgaged Property) which may be outstanding at any time is $85,000,000.0059 million. In addition to any other debt or obligation secured hereby, this Mortgage shall also secure unpaid balances of advances made with respect to the Mortgaged Property for the payment of taxes, assessments, insurance premiums, and costs incurred for maintaining the Improvements on, or for the protection of, the Mortgaged Property.