Common use of Mortgage Securing Future Indebtedness Clause in Contracts

Mortgage Securing Future Indebtedness. This Mortgage has been executed by Mortgagor pursuant to Article 3298 of the Louisiana Civil Code for the purpose of securing the Mortgagor’s indebtedness (including, without limitation, the Secured Obligations) that may now be existing or that may arise in the future as provided herein and in the Indenture, with the preferences and priorities provided under applicable Louisiana law. This Mortgage shall be further entitled to the preferences and priorities as provided under the Louisiana Private Works Act (La. R.S. 9:4801, et seq.). However, nothing under this Mortgage shall be construed as limiting the duration of this Mortgage or the purpose or purposes for which the Mortgagor’s indebtedness (including, without limitation, the Secured Obligations) may be requested or extended. The Mortgagor’s additional indebtedness will automatically be secured by this Mortgage without the necessity that the Mortgagor agrees or consents to such a result at the time additional indebtedness is made and that the note or notes evidencing such additional indebtedness reference the fact that such notes are secured by this Mortgage. The Mortgagor understands that the Mortgagor may not subsequently have a change of mind and insist that the Mortgagor’s additional indebtedness not be secured by this Mortgage unless the Mortgagee specifically agrees to such a request in writing.

Mortgage Securing Future Indebtedness. This Mortgage has ------------------------------------- been executed by Mortgagor pursuant to Article 3298 of the Louisiana Civil Code for the purpose of securing the Mortgagor’s 's indebtedness (including, without limitation, the Secured Obligations) that may now be existing or that may arise in the future as provided herein and in the Indenture, with the preferences and priorities provided under applicable Louisiana law. This Mortgage shall be further entitled to the preferences and priorities as provided under the Louisiana Private Works Act (La. R.S. 9:4801, et seq.). However, nothing under this Mortgage shall be construed as limiting the duration of this Mortgage or the purpose or purposes for which the Mortgagor’s 's indebtedness (including, without limitation, the Secured Obligations) may be requested or extended. The Mortgagor’s 's additional indebtedness will automatically be secured by this Mortgage without the necessity that the Mortgagor agrees or consents to such a result at the time additional indebtedness is made and that the note or notes evidencing such additional indebtedness reference the fact that such notes are secured by this Mortgage. The Mortgagor understands that the Mortgagor may not subsequently have a change of mind and insist that the Mortgagor’s 's additional indebtedness not be secured by this Mortgage unless the Mortgagee specifically agrees to such a request in writing.

Mortgage Securing Future Indebtedness. This Mortgage ------------------------------------- has been executed by Mortgagor pursuant to Article 3298 of the Louisiana Civil Code for the purpose of securing the Mortgagor’s 's indebtedness (including, without limitation, the Secured Obligations) that may now be existing or that may arise in the future as provided herein and in the Indenture, with the preferences and priorities provided under applicable Louisiana law. This Mortgage shall be further entitled to the preferences and priorities as provided under the Louisiana Private Works Act (La. R.S. 9:4801, et seq.). However, nothing under this Mortgage shall be construed as limiting the duration of this Mortgage or the purpose or purposes for which the Mortgagor’s 's indebtedness (including, without limitation, the Secured Obligations) may be requested or extended. The Mortgagor’s 's additional indebtedness will automatically be secured by this Mortgage without the necessity that the Mortgagor agrees or consents to such a result at the time additional indebtedness is made and that the note or notes evidencing such additional indebtedness reference the fact that such notes are secured by this Mortgage. The Mortgagor understands that the Mortgagor may not subsequently have a change of mind and insist that the Mortgagor’s 's additional indebtedness not be secured by this Mortgage unless the Mortgagee specifically agrees to such a request in writing.