Common use of Non-Residential Status of Property Clause in Contracts

Non-Residential Status of Property. Grantor represents and warrants to Grantee that neither all of the Mortgaged Property nor any part thereof is to be used as a dwelling place by Grantor at the time this Deed to Secure Debt is entered into and, accordingly, the notice requirements of Official Code of Georgia Annotated § 44-14-162.2 shall not be applicable to any exercise of the power of sale contained in this Deed to Secure Debt.

Appears in 4 contracts

Samples: Security Agreement (Chiquita Brands International Inc), Security Agreement (Chiquita Brands International Inc), Security Agreement (Chiquita Brands International Inc)

AutoNDA by SimpleDocs

Non-Residential Status of Property. Grantor represents and warrants to Grantee that neither all of the Mortgaged Property nor any part thereof is to be used as a dwelling place by Grantor at the time this Deed to Secure Debt is entered into and, accordingly, the notice requirements of Official Code of Georgia Annotated O.C.G.A. § 44-14-162.2 shall not be applicable to any exercise of the power of sale contained in this Deed to Secure Debt.

Appears in 1 contract

Samples: And Security Agreement (Carter Validus Mission Critical REIT, Inc.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.