Common use of Mortgage and Other Liens Clause in Contracts

Mortgage and Other Liens. The Mortgage creates a valid and enforceable first mortgage lien on the Facility as security for the repayment of the Indebtedness, subject only to the Permitted Encumbrances applicable to the Facility. Each Collateral Security Instrument establishes and creates a valid, subsisting and enforceable Lien on and a security interest in, or claim to, the rights and property described therein. All property covered by such Collateral Security Instrument is subject to a UCC financing statement filed and/or recorded, as appropriate, (or irrevocably delivered to an agent for such recordation or filing) in all places necessary to perfect a valid first priority Lien with respect to the rights and property that are the subject of such Collateral Security Instrument to the extent governed by the UCC. All continuations and any assignments of any such financing statements have been or will be timely filed or refiled, as appropriate, in the appropriate recording offices.

Mortgage and Other Liens. The Mortgage creates a valid and enforceable first mortgage lien Lien on the Facility as security for the repayment of the Indebtedness, subject only to the Permitted Encumbrances applicable to the FacilityEncumbrances. Each Collateral Security Instrument establishes and creates a valid, subsisting effective, and enforceable Lien on and a security interest in, or claim to, the rights and property described therein. All property covered by such Collateral Security Instrument is subject to a UCC financing statement filed and/or recorded, as appropriate, (or irrevocably delivered to an authorized agent of the Title Insurer for such recordation or filing) filing in all places necessary to perfect a valid first priority Lien with respect to the rights and property that are the subject of such Collateral Security Instrument to the extent governed by the UCC. All continuations and any assignments of any such financing statements have been or will be timely filed or refiled, as appropriate, in the appropriate recording offices.

Mortgage and Other Liens. The Mortgage creates a valid and enforceable first mortgage lien Lien on the Facility as security for the repayment of the Indebtedness, subject only to the Permitted Encumbrances applicable to the Facility. Each Collateral Security Instrument establishes and creates a valid, subsisting and enforceable Lien on and a security interest in, or claim to, the rights and property described therein. All property covered by such Collateral Security Instrument is subject to a UCC financing statement filed and/or recorded, as appropriate, (or irrevocably delivered to an agent for such recordation or filing) in all places necessary to perfect a valid first priority Lien with respect to the rights and property that are the subject of such Collateral Security Instrument to the extent governed by the UCC. All continuations and any assignments of any such financing statements have been or will be timely filed or refiled, as appropriate, in the appropriate recording offices.

Mortgage and Other Liens. The Related Mortgage creates a valid and enforceable first mortgage lien Lien on the Facility Borrower's Facility, as security for the repayment of the Indebtedness, subject only to the Permitted Encumbrances applicable to the that Facility. Each The Related Collateral Security Instrument establishes and creates a valid, subsisting and enforceable Lien on and a security interest in, or claim to, the rights and property described therein. All property covered by such Related Collateral Security Instrument is subject to a UCC financing statement filed and/or recorded, as appropriate, (or irrevocably delivered to an agent for such recordation or filing) in all places necessary to perfect a valid first priority Lien with respect to the rights and property that are the subject of such Related Collateral Security Instrument to the extent governed by the UCC. All continuations and any assignments of any such financing statements have been or will be timely filed or refiled, as appropriate, in the appropriate recording offices.

Mortgage and Other Liens. The Each Mortgage creates a valid and enforceable first mortgage lien Lien on the Facility Individual Property described therein, as security for the repayment of the IndebtednessSecured Obligations, subject only to the Permitted Encumbrances applicable to the Facilitythat Individual Property. Each Collateral Security Instrument establishes and creates a valid, subsisting and enforceable Lien on and a security interest in, or claim to, the rights and property described therein. All property covered by such any Collateral Security Instrument is subject to a UCC financing statement filed and/or recorded, as appropriate, appropriate (or irrevocably delivered to an agent for such recordation or filing) ), in all places necessary to perfect a valid first priority Lien with respect to the rights and property that are the subject of such Collateral Security Instrument to the extent governed by the UCC. All continuations and any assignments of any such financing statements have been or will be timely filed or refiled, as appropriate, in the appropriate recording offices.