Mortgage Condition Clause Samples
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Mortgage Condition. The condition of this Mortgage is such that the ------------------ Borrower is justly indebted to the Lender in the sum of $25,000,000.00, which sum is evidenced by Borrower's Promissory Note for said sum, dated of even date herewith, payable to Lender, a copy of which is attached hereto as Exhibit "C" ----------- and made a part hereof."
Mortgage Condition. This mortgage is given on the express condition that if Mortgagor shall: (a) pay to Mortgagee all sums due to Mortgagee in the manner and at the time set forth or referred to herein or in the Note; and
Mortgage Condition. This Mortgage is given on the express ------------------ condition that if Mortgagor shall pay unto Mortgagee the amount of all sums due from Mortgagor to Mortgagee, in the manner and at the time or times specified in the Reimbursement Agreement, then Mortgagee shall discharge and release this Mortgage. Mortgagor shall pay all costs of recordation of any discharge or any other instrument reducing the Obligations, if any.
Mortgage Condition. This mortgage is given on the express condition that if Mortgagor shall pay, perform and observe all covenants, agreements and conditions set forth or referred to herein or in the Note on the part of Mortgagor to be paid, performed or observed, then this Mortgage and also the Note shall be and become absolutely void to all intents and purposes whatsoever.
Mortgage Condition. The Mortgage Condition is satisfied.
Mortgage Condition. If all of the obligations of Mortgagor as set ------------------ forth herein, in the Reimbursement Agreement, in the Letter of Credit and in any additional indebtedness secured hereby, and any extensions or renewals thereof, shall be paid and satisfied according to their tenor, and if all agreements and provisions contained in the Financing Agreements are fully kept and performed, then this Mortgage shall, upon payment or performance of the last such obligation, become null and void; otherwise to remain in full force and effect.