MORTGAGOR COVENANTS. Mortgagor covenants and agrees that:
MORTGAGOR COVENANTS. Mortgagor covenants and agrees that throughout the term of the Loan:
MORTGAGOR COVENANTS. Mortgagor covenants and agrees with Mortgagee that:
MORTGAGOR COVENANTS. The Mortgagor hereby covenants with the Mortgagee:
3.1 to pay all amounts, interests, expenses, claims, liabilities, losses, costs, duties, fees, mortgages or other moneys as are stated in the Loan Agreement and this Mortgage to be payable by the Mortgagor to or be recoverable from the Mortgagor by the Mortgagee (or in respect of which the Mortgagor agrees in the Loan Agreement and this Mortgage to indemnify the Mortgagee) at the times and in the manner specified in the Loan Agreement and this Mortgage;
3.2 to pay interest on any such amounts, interests, expenses, claims, liabilities, losses, costs, duties, fees, mortgages or other moneys referred to in clause 3.1 from the date on which the relevant amount, interest, expense, liability, loss, cost, duty, fee, mortgage or other money is paid or discharged by the Mortgagee until the date of reimbursement thereof to the Mortgagee (both before and after any relevant judgment) at the rate of 3.00% per annum and payable on demand; and
3.3 that the Mortgagor will on demand of the Mortgagee and at the expense of the Mortgagor, execute and deliver to the Mortgagee or to such person as the Mortgagee may nominate such additional deeds, agreements, instruments or other documents for the purpose of further securing the payment and discharge of all Secured Obligations, such additional deeds, agreements, instruments or other documents to be in such form as the Mortgagee may reasonably require.
MORTGAGOR COVENANTS. Mortgagor hereby covenants that it will not modify or amend any provision or term of the Lease, or cancel or terminate the Lease without the prior written consent of Mortgagee, that Mortgagor will not waive, excuse or release the tenant under the Lease from any of the obligations or covenants of the tenant under the Lease without the prior written consent of Mortgagee, and that Mortgagor will enforce all of the terms of the Lease. Mortgagor hereby covenants and agrees to pay and perform when due in accordance with the provisions of the Lease all of the covenants and agreements of the Lease which Mortgagor under the Lease is required or obligated to pay or perform. Mortgagor further covenants and agrees to indemnify, protect, defend and hold harmless Mortgagee from any loss, damage, injury or liability suffered or incurred by Mortgagee as a result of Mortgagor’s breach of its covenants and agreements set forth in this Article. Mortgagor hereby covenants that it will forward to Mortgagee, immediately upon receipt, copies of all notices or communications received from the tenant under the Lease, and that it will immediately forward to Mortgagee copies of all notices and communications given by it under or pursuant to any of the provisions of the Lease, and Mortgagor further covenants that it will notify Mortgagee of any default under the Lease immediately upon the occurrence of an event of default thereunder, or upon the occurrence of any event which, with the passage of time or the giving of notice or both, will ripen into or constitute a default thereunder.
MORTGAGOR COVENANTS. That no Hazardous Materials (as defined below) are currently on or in the Property (except as expressly described in that certain Phase I Environmental Site Assessment of the Property prepared by ATC Associates, Inc., dated March 17, 2006), or shall be installed, used, generated, manufactured, treated, handled, refined, produced, processed, stored or disposed of, in, on or under the Property other than Hazardous Materials in quantities and of types reasonably and customarily associated with general office use which have been and are stored, used and disposed of in compliance with Hazardous Material Laws (as defined below) and the presence of which do not require compliance with any reporting requirements under any Hazardous Material Laws;
MORTGAGOR COVENANTS. Mortgagor represents to and covenants with Mortgagee that Mortgagor holds fee simple title to the Mortgaged Property, free and clear of any and all liens and encumbrances except for Mortgage to Nanofast, Inc., and Xxxxxxxxx has the power and authority to mortgage the Mortgaged Property. Mortgagor shall maintain or cause to be maintained the Mortgaged Property in good repair, working order, and condition and make or cause to be made, when necessary, all repairs, renewals, and replacements, structural, non-structural, exterior, interior, ordinary and extraordinary. Mortgagor shall refrain from and shall not permit the commission of waste in or about the Mortgaged Property and shall not remove, demolish, alter, change or add to the structural character of any improvement at any time erected on the Mortgaged Property without the prior written consent of Mortgagee, except as hereinafter otherwise provided. Mortgagor covenants and agrees that in the ownership, operation and management of the Premises Mortgagor will observe and comply with all applicable federal, state and local statutes, ordinances, regulations, orders and restrictions. If this Mortgage is on a condominium or a planned unit development, Mortgagor shall perform all of Mortgagor's obligations under the declaration of covenants creating or governing the condominium or planned unit development, the by-laws and regulations of the condominium or planned unit development, and constituent documents. Mortgagee shall have the right at any time, and from time to time, to enter the Premises for the purpose of inspecting the same.
MORTGAGOR COVENANTS. Mortgagor covenants and agrees that: Payment of Debt. Mortgagor will pay the Debt at the time and in the manner provided in the Debt Guaranty, the Note, the Loan Agreement and in this Security Instrument.
MORTGAGOR COVENANTS. The Mortgagor agrees:
MORTGAGOR COVENANTS
