OPEN-END MORTGAGE PROVISIONS Sample Clauses

OPEN-END MORTGAGE PROVISIONS. (a) Mortgagor agrees that maintenance charges and costs incurred to protect the Mortgaged Property or the lien of this Mortgage shall include, without limitation, expenses incurred and expenditures made by Mortgagee for any one or more of the following: (i) premiums for casualty and liability insurance paid by Mortgagee whether or not Mortgagee or a receiver is in possession, if reasonably required, without regard to the amount or type of insurance in effect at the time any receiver or mortgagee takes possession of the Mortgaged Property; (ii) payments required or deemed by Mortgagee to be for the benefit of the Mortgaged Property or required to be made by the owner of the Mortgaged Property under any grant or declaration of easement, easement agreement, reciprocal easement agreement, agreement with any adjoining land owners or other instruments creating covenants or restrictions for the benefit of or affecting the Mortgaged Property; and (iii) operating deficits incurred by Mortgagee in possession of the Mortgaged Property or reimbursed by Mortgagee to any receiver.

OPEN-END MORTGAGE PROVISIONS. Subject to the provisions of the Credit Agreement, (a) Mortgagor agrees that maintenance charges and costs incurred to protect the Mortgaged Property or the lien of this Mortgage shall include without limitation, expenses incurred and expenditures made by Mortgagee for any one or more of the following: (i) premiums upon casualty and liability insurance paid by Mortgagee whether or not Mortgagee or a receiver is in possession, if reasonably required, without regard to the amount or type of insurance in effect at the time any receiver or mortgagee takes possession of the Mortgaged Property; (ii) payments required or deemed by Mortgagee to be for the benefit of the Mortgaged Property or required to be made by the owner of the Mortgaged Property under any grant or declaration of easement, easement agreement, reciprocal easement agreement, agreement with any adjoining land owners or other instruments creating covenants or restricition for the benefit of or affect the Mortgaged Property; and (iii) operating deficits incurred by Mortgagee in possession of the Mortgaged Property or reimbursed by Mortgagee to any receiver. other costs incurred in connection with the foreclosure of the Mortgage, or execution upon the Note or enforcement of the other remedies provided in this Mortgage or the other Loan Documents and in connection with any other litigation or administrative proceeding to which the Mortgagee may be or become or be threatened or contemplated to be a party, including probate and bankruptcy proceedings, or in the preparation for the commencement or defense of any such suit or proceeding, including filing fees; (ii) appraisers' fee; (iii) outlays for documents and expert evidence, witness fees, stenographer's charges, and publication costs; (iv) costs (which may be estimated as to items to be expended after entry of judgment) for procuring all such abstracts of title, title charges and examinations, title insurance policies and similar data and assurances with respect to title and value as Mortgagee may deem reasonably necessary either to prosecute or defend such suit, or in case of foreclosure, to evidence to bidders at any sale which may be had pursuant to the foreclosure judgment the true condition of the title to or the value of the Mortgaged Property; and (v) reasonable fees and expenses of professional consultants including preparation of environmental reports and engineering reports with respect to the condition of the Mortgaged Property.