Common use of Mortgagors Clause in Contracts

Mortgagors. The Borrower and the Accommodation Party confirm the grant, pledge and mortgage of the properties encumbered by the Mortgages, as and for continuing security for the obligations of the Borrower under the Loan Documents. The Borrower and the Accommodation Party warrant that the properties encumbered by the Mortgages are subject to no liens or encumbrances other than those set forth in the Mortgages.

Appears in 3 contracts

Samples: Third Loan Modification Agreement (Maui Land & Pineapple Co Inc), Fourth Loan Modification Agreement (Maui Land & Pineapple Co Inc), Loan Modification Agreement (Maui Land & Pineapple Co Inc)

AutoNDA by SimpleDocs

Mortgagors. The Borrower and the Accommodation Party confirm the grant, pledge and mortgage of the properties encumbered by the Mortgages, as and for continuing security for the obligations of the Borrower under the Loan Documents. The Borrower and the Accommodation Party warrant that the properties encumbered by the Mortgages are subject to no liens or encumbrances other than those set forth in the Mortgages. 6.

Appears in 1 contract

Samples: Second Loan Modification Agreement (Maui Land & Pineapple Co Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!