Mortgaged Premises. Borrower has good right, full power, and authority to convey, transfer, and mortgage the Mortgaged Premises to Administrative Agent for the uses and purposes set forth in this Agreement and the Mortgage; and the Obligors will warrant and forever defend the title to the Mortgaged Premises subject to the Permitted Liens against all claims and demands whatsoever. The Obligors warrant that a copy of each lease or sublease of the Mortgaged Premises and any amendments thereto have heretofore been delivered to Administrative Agent and such copies are true and correct and in all respects what they purport to be and have not been amended or modified in any respect. Each such lease is in full force and effect and is not in material default and all material conditions to the effectiveness or continued effectiveness of each lease required to be satisfied by the date hereof have been satisfied. Each Obligor and each Subsidiary or Affiliate that conducts any business or leases any portion of the Mortgaged Premises is and will at all relevant times be duly qualified and licensed and in good standing under the laws of such jurisdiction in which the Mortgaged Premises are located to the extent that the ownership, lease or operation of properties or the conduct of its business requires such qualification or license.
Mortgaged Premises. “Mortgaged Premises” shall mean and refer to that portion of the Collateral described in Sections 3-3(a) and 3-3(c) herein.
Mortgaged Premises. A Non-Loan Prospector No Income No Asset Verification and Documentation Mortgage may be secured by a 1-4 unit Primary Residence, a second home, and a 1-4 unit Investment Property. The Seller represents and warrants that all Condominium Unit Mortgages meet Xxxxxxx Mac’s Class III Condominium Project requirements. The Mortgaged Premises may not be a: • Manufactured Home • Condominium Unit located in a Class I or Class II Condominium Project • Cooperative Unit
Mortgaged Premises. “Mortgaged Premises” shall mean Tenant’s interest under this Lease and in the Improvements encumbered by a Leasehold Mortgage.
Mortgaged Premises. To secure the payment of the Entire Indebtedness and in consideration of the loan from Lender to Borrower, Borrower does hereby grant and convey unto Lender the premises herein called "Mortgaged Premises", consisting of: ALL THAT CERTAIN lot or piece of ground, with buildings and improvements now thereon erected, if any, and to be erected, situate and bounded and described as is more particularly set forth in the legal description attached hereto, made a part hereof, and marked Exhibit "A": TOGETHER WITH:
(a) All the right, title and interest of Borrower in and to all the rights, covenants, privileges and appurtenances thereunto belonging or in any wise appertaining, and together with all buildings and improvements presently thereon and hereafter constructed thereon; and
(b) Borrower's fixtures and improvements, including but not limited to all furnaces, boilers, elevators, heaters, switchboards, electrical equipment, heating, plumbing, refrigerating, ventilating, air- cooling and air-conditioning apparatus and systems, electrical and all other mechanical systems, gas and electrical fixtures, fittings, machinery, fire protection equipment, and all other building service equipment used in connection with the operation and maintenance of the buildings and improvements; and
(c) Any and all tenements, hereditaments and appurtenances belonging to the real estate or any part thereof hereby mortgaged or intended so to be or in any way appertaining thereto, and all streets, alleys, passages, ways, water courses and all easements and covenants now existing or hereafter created for the benefit of the Borrower or any subsequent owner or tenant of the Mortgaged Premises over ground adjoining the Mortgaged Premises and all rights to enforce the maintenance thereof, and all other rights, liberties and privileges of whatsoever kind or character, and the reversions and remainders, income, rents, issues and profits arising therefrom, and all the estate, right, title, interest, property, possession, claim and demand whatsoever, at law or in equity, of the Borrower in and to the Mortgaged Premises or any part thereof. (All of the above-mentioned Mortgaged Premises, buildings, improvements, fixtures, tenements, hereditaments and appurtenances, and other property interest are sometimes collectively referred to herein as the "Mortgaged Property".)
Mortgaged Premises. The Premises, or Tenant's leasehold estate under this Lease, or under a new lease as provided in Article 5 hereof, as applicable, that is covered by a Mortgage.
Mortgaged Premises. Each Permitted Mortgage shall cover no interests in any real property other than Tenant's interest in the Sublease Premises, the Improvements and any other Substantial Alterations.
Mortgaged Premises. A Loan Prospector Stated Income Mortgage may be secured by a 1-4 unit Primary Residence, a second home, and a 1-4 unit Investment Property. The Seller represents and warrants that all Loan Prospector Stated Income Condominium Unit Mortgages meet Xxxxxxx Mac’s Class III Condominium Project requirements. The Mortgaged Premises may not be a: • Manufactured Home • Condominium Unit located in a Class I or Class II Condominium Project • Cooperative Unit
Mortgaged Premises. Mortgaged Premises" shall mean the real property located in Kansas City, Wyandotte County, Kansas, legally described on Exhibit A attached hereto and made a part hereof, together with all fixtures and personal property described in the Leasehold Mortgage and Security Agreement.
Mortgaged Premises. Until the security hereof shall have become enforceable the Company may (subject to the terms hereof) possess, manage, operate and enjoy the Mortgaged Premises in the same manner and to the extent as though this Debenture had not been executed.
