Particular Covenants of Mortgagor. Mortgagor represents, warrants, covenants and agrees as follows:
Particular Covenants of Mortgagor. 1. Mortgagor shall pay the Secured Amount evidenced by the Documents secured by the Mortgage and will observe, perform and comply with all the covenants, terms and conditions herein and in the said Documents, expressed, or implied, on its part to be observed, performed, or complied with.
Particular Covenants of Mortgagor. Mortgagor covenants and agrees as follows:
Particular Covenants of Mortgagor. Section 2.1 Performance of Mortgage, Loan Agreement and Mortgage ---------------------------------------------------- Note. ---- The Mortgagor will perform, observe and comply with all the provisions hereof and of the Loan Agreement, and will promptly pay to the Mortgagee the sum of money expressed in the Mortgage Note with interest thereon and all other sums required to be paid pursuant to the provisions of the Mortgage Note, this Mortgage and the Loan Agreement, on the days when payment shall become due, all without deduction or credit for taxes or other similar charges paid by the Mortgagor, time being of the essence for such payments.
Particular Covenants of Mortgagor. Mortgagor covenants and agrees as follows: SECTION 1.01. Mortgagor warrants that, with respect to the fee interest in the Premises, it has a good and marketable title to an indefeasible fee estate subject to no lien, charge or encumbrance, that the Ground Lease is subject to no lien, charge or encumbrance of any kind and is prior to all liens, charges and encumbrances whatsoever on the fee interest of the landlord thereunder, except in either case such as are listed as exceptions to title in the title policy insuring the lien of this Mortgage; and, further, with respect to the leasehold interest in the Premises, that it is the owner of a valid and subsisting interest as tenant under the Ground Lease, to the best of its knowledge that the Ground Lease is in full force and effect, there are no defaults thereunder and no event has occurred or is occurring which after notice or passage of time or both will result in such a default; that it owns the Chattels, all leases and the Rents in respect of the Mortgaged Property and all other personal property encumbered hereby free and clear of liens and claims; and that this Mortgage is and will remain a valid and enforceable lien on the Mortgaged Property subject only to the exceptions referred to above. Mortgagor has full power and lawful authority to mortgage the Mortgaged Property in the manner and form herein done or intended hereafter to be done. Mortgagor will preserve such fee title, will preserve such leasehold estate created by the Ground Lease (as such leasehold estate may be modified pursuant to the terms of the Ground Lease), and will forever warrant and defend the same to Mortgagee and will forever warrant and defend the validity and priority of the lien hereof against the claims of all persons and parties whomsoever. Mortgagor will perform or cause to be performed all of the covenants and conditions required to be performed by it under the Ground Lease, will do all things necessary to preserve unimpaired its rights thereunder, and will not enter into any agreement modifying or amending the Ground Lease or releasing the landlord thereunder from any obligations imposed upon it thereby. If Mortgagor receives a notice of default under the Ground Lease, it shall immediately notify the Mortgagee thereof and cause a confirmation of such notice to be sent by registered United States mail to Mortgagee.
