Common use of Note, Loan Documents, Other Obligations Clause in Contracts

Note, Loan Documents, Other Obligations. This Mortgage is made to secure and enforce the payment and performance of the following promissory notes, obligations, indebtedness and liabilities: (a) A Promissory Note (Revolving Line of Credit Note) dated as of the Effective Date having an original principal commitment amount of $8,000,000.00 executed by Grantor and payable to the order of West Texas State Bank (“Lender”) on or before September 30, 2015, bearing interest as therein provided, and containing a provision for the payment of a reasonable additional amount as attorneys’ fees, and all other notes given in substitution or replacement therefor or in modification, renewal or extension thereof, in whole or in part (as from time to time supplemented, amended, or modified and all other notes given in substitution or replacement therefor, or in modification, renewal or extension thereof, in whole or in part, being hereinafter called the “Note” and Lender and each subsequent holder of the Note or any part thereof or interest therein, or any of the other secured indebtedness being herein called “Noteholder”); (b) All indebtedness and other obligations owed to Noteholder now or hereafter incurred or arising pursuant to or permitted by the provisions of the Note, the Loan Agreement as set out below, this Mortgage or any other instrument now or hereafter evidencing, governing, guaranteeing or securing the secured indebtedness or any part thereof or otherwise executed in connection with the loan evidenced or governed by the Note or the Loan Agreement (the Note, the Loan Agreement, this Mortgage and such other instruments being herein sometimes collectively called the “Loan Documents”); and