Preservation, Maintenance and Repair. All Improvements which are presently erected and in the future are to be erected upon the Mortgaged Premises, shall, at the Mortgagor's own cost and expense, be kept in good and substantial repair, working order and condition, and the Mortgagor shall from time to time make, or cause to be made, all necessary and proper repairs, replacements, improvements and betterments thereto. The Mortgagor shall not remove, demolish, materially alter or discontinue the use of any material part of the Mortgaged Premises without the prior express written consent of the Mortgagee, except that the Mortgagor shall from time to time make such substitutions, additions, modifications and improvements as may be necessary and as shall not impair the structural integrity, operating efficiency and economic value of the Mortgaged Premises. All alterations, replacements, renewals or additions made pursuant to this Section 8 shall automatically become and constitute a part of the Mortgaged Premises and shall be covered by the lien of this Mortgage. The Mortgagor shall not do, and shall not permit to be done, any act which may in any way impair or weaken the security under this Mortgage.
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Samples: Mortgage (Suprema Specialties Inc), Mortgage and Security Agreement (Suprema Specialties Inc)
Preservation, Maintenance and Repair. All Improvements buildings, structures and other improvements which are presently erected and in the future are to be erected upon the Mortgaged Premises, shall, at the Mortgagor's own cost and expense, be kept in good and substantial repair, working order and condition, and the Mortgagor shall shall, from time to time maketime, make or cause to be made, all necessary and proper repairs, replacements, improvements and betterments thereto. The Mortgagor shall not remove, demolish, materially alter or alter, discontinue the use of, sell, transfer, assign, hypothecate or otherwise dispose of to any material Person (defined as an individual, corporation, partnership, trust, unincorporated organization or government, or an agency or political subdivision thereof, or any business or legal entity) any part of the Mortgaged Premises without the prior express written consent of the Mortgagee, except that the Mortgagor shall from time to time make such substitutions, additions, modifications and improvements as may be necessary and as shall not impair the structural integrity, operating efficiency and economic value of the Mortgaged Premises. All alterations, replacements, renewals or additions made pursuant to this Section 8 7 shall automatically become and constitute a part of the Mortgaged Premises and shall be covered by the lien of this Mortgage. The Mortgagor shall not do, and shall not permit to be done, any act which may in any way impair or weaken the security under this Mortgage.of
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Preservation, Maintenance and Repair. All Improvements improvements which are presently erected and in the future are to be erected upon the Mortgaged PremisesPremises in the future, shall, at the Mortgagor's ’ own cost and expense, be kept in good and substantial repair, working order and condition, and the Mortgagor shall from time to time make, or cause to be made, all necessary and proper repairs, replacements, improvements improvements, and betterments thereto. The Mortgagor shall not removeremove a material portion of or materially alter, demolish, materially alter or discontinue the use of, sell, transfer, assign, hypothecate, or otherwise dispose of to any material Person any part of the Mortgaged Premises without the prior express written consent of the Mortgagee, except that the Mortgagor shall be permitted to make, from time to time make time, such substitutions, additions, modifications modifications, and improvements as may be necessary and as shall not impair the structural integrity, operating efficiency and economic value of the Mortgaged Premises. All alterations, replacements, renewals renewals, or additions made pursuant to this Section 8 shall automatically become and constitute a part of the Mortgaged Premises and shall be covered by the lien of this Mortgage. The Mortgagor shall not do, and shall not permit to be done, any act which may in any way impair or weaken the security under this Mortgage.
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Samples: Mortgage and Absolute Assignment of Leases and Rents (NeoStem, Inc.)