Common use of Revolving Loan Clause in Contracts

Revolving Loan. This Mortgage is given to secure a revolving credit Loan or Loans and shall secure not only presently existing indebtedness under the Loan Agreement and other Loan Documents, but also future advances, whether such advances are obligatory or to be made at the option of Mortgagee, or otherwise, as are made within thirty (30) years from the Effective Date (the date that is thirty (30) years from the Effective Date being the Maturity Date of the Obligations under the Loan Documents) to the same extent as if such future advances were made on the date of the execution of this Mortgage, although there may be no advance made at the time of execution of this Mortgage and although there may be no unpaid principal or interest (collectively, “Indebtedness”) outstanding at the time any advance is made. The lien of this Mortgage shall be valid as to all Indebtedness including future advances, from the time of its filing for record in the recorder’s or registrar’s office of the county in which the real estate is located. This Mortgage secures, among other Indebtedness, a “revolving credit” arrangement within the meaning of the Illinois Interest Act, 815 ILCS 205/4.1. The total amount of Indebtedness may increase or decrease from time to time, as provided in the Loan Agreement, and any disbursements which Mortgagee may make under this Mortgage, the Loan Agreement or any other document with respect hereto (e.g., Protective Advances) shall be additional Indebtedness and Obligations secured hereby. This Mortgage is intended to and shall be valid and have priority over all subsequent liens and encumbrances, including statutory liens, excepting solely taxes and assessments levied on the real estate, to the extent of the maximum amount secured hereby.

Revolving Loan. This Mortgage is given to secure a revolving credit Loan or Loans loan and shall secure not only presently existing indebtedness under the Loan Agreement Notes and the other Loan Documents, but also future advancesadvances under the Loan Documents, whether such advances are obligatory or to be made at the option of the Mortgagee, or otherwise, as are made within thirty (30) years from the Effective Date (the date that is thirty (30) years from the Effective Date being the Maturity Date of the Obligations under the Loan Documents) otherwise to the same extent as if such future advances were made on the date of the execution of this Mortgage, although there may be no advance made at the time of execution of this Mortgage and although there may be no unpaid principal or interest (collectively, “Indebtedness”) Indebtedness outstanding at the time any advance is made. The lien of this Mortgage shall be valid as to all Indebtedness including future advances, from the time of its filing for record in the recorder’s or registrar’s office of the county in which the real estate is located. This Mortgage secures, among other Indebtedness, a “revolving credit” arrangement within the meaning of the Illinois Interest Act, 815 ILCS 205/4.1. The total amount of Indebtedness may increase or decrease from time to time, as provided in the Loan Agreement, and any disbursements which the Mortgagee may make under this Mortgage, the Notes or the Loan Agreement or any other document with respect hereto (e.g., Protective Advancesfor payment of taxes, insurance premiums or other advances to protect the Mortgagee’s liens and security interests, as permitted hereby) shall be additional Indebtedness and Obligations secured hereby. This Mortgage is intended to and shall be valid and have priority over all subsequent liens and encumbrances, including statutory liens, excepting solely taxes and assessments levied on the real estate, to the extent of the maximum amount secured hereby.

Revolving Loan. This Mortgage is given to secure a revolving credit Loan or Loans loan and shall secure not only presently existing indebtedness under the Loan Note, the Credit Agreement and or any other Loan Documents, Documents but also future advances, whether such advances are obligatory or to be made at the option of the Mortgagee, or otherwise, as are made within thirty (30) 20 years from the Effective Date (the date that is thirty (30) years from the Effective Date being the Maturity Date of the Obligations under the Loan Documents) hereof to the same extent as if such future advances were made on the date of the execution of this Mortgage, although there may be no advance made at the time of execution of this Mortgage and although there may be no unpaid principal or interest (collectively, “Indebtedness”) Indebtedness outstanding at the time any advance is made. The lien of this Mortgage shall be valid as to all Indebtedness including future advances, from the time of its filing for record in the recorder’s or registrar’s office of the county in which the real estate is located. This Mortgage secures, among other Indebtedness, a “revolving credit” arrangement within the meaning of the Illinois Interest Act, 815 ILCS 205/4.1arrangement. The total amount of Indebtedness may increase or decrease from time to time, as provided in the Loan AgreementNote, and any disbursements which Mortgagee may make under this Mortgage, the Loan Note or the Credit Agreement or any other document with respect hereto (e.g., Protective Advancesfor payment of taxes, insurance premiums or other advances to protect Mortgagee’s liens and security interests, as permitted hereby) shall be additional Indebtedness and Obligations secured hereby. This Mortgage is intended to and shall be valid and have priority over all subsequent liens and encumbrances, including statutory liens, excepting solely taxes and assessments levied on the real estate, to the extent of the maximum amount secured hereby.

Revolving Loan. This Mortgage is given to secure a revolving credit Loan or Loans loan and shall secure not only presently existing indebtedness under the Loan Agreement Notes and the other Loan Documents, but also future advances, whether such advances are obligatory or to be made at the option of the Mortgagee, or otherwise, as are made within thirty twenty (3020) years from the Effective Date (the date that is thirty (30) years from the Effective Date being the Maturity Date of the Obligations under the Loan Documents) hereof to the same extent as if such future advances were made on the date of the execution of this Mortgage, although there may be no advance made at the time of execution of this Mortgage and although there may be no unpaid principal or interest (collectively, “Indebtedness”) Indebtedness outstanding at the time any advance is made. The lien of this Mortgage shall be valid as to all Indebtedness including future advances, from the time of its filing for record in the recorder’s or registrar’s office of the county in which the real estate is located. This Mortgage secures, among other Indebtedness, a “revolving credit” arrangement within the meaning of the Illinois Interest Act, 815 ILCS 205/4.1. The total amount of Indebtedness may increase or decrease from time to time, as provided in the Loan Credit Agreement, and any disbursements which the Mortgagee may make under this Mortgage, the Loan Notes or the Credit Agreement or any other document with respect hereto (e.g., Protective Advancesfor payment of taxes, insurance premiums or other advances to protect the Mortgagee’s liens and security interests, as permitted hereby) shall be additional Indebtedness and Obligations secured hereby. This Mortgage is intended to and shall be valid and have priority over all subsequent liens and encumbrances, including statutory liens, excepting solely taxes and assessments levied on the real estate, to the extent of the maximum amount secured hereby.

Revolving Loan. This Mortgage is given in part to secure a revolving credit loan under the Additional Loan or Loans Documents and shall secure not only presently existing indebtedness under the Loan Agreement and other Loan Documentsthereunder, but also future advances, whether such advances are obligatory or to be made at the option of Mortgageethe Lender, or otherwise, as are made within thirty twenty (3020) years from the Effective Date (the date that is thirty (30) years from the Effective Date being the Maturity Date of the Obligations under the Loan Documents) hereof to the same extent as if such future advances were made on the date of the execution of this Mortgage, although there may be no advance made at the time of execution of this Mortgage and although there may be no unpaid principal or interest (collectively, “Indebtedness”) Indebtedness outstanding at the time any advance is made. The lien of this Mortgage shall be valid as to all Indebtedness including future advances, from the time of its filing for record in the recorder’s or registrar’s office of the county in which the real estate is located. This Mortgage secures, among other Indebtedness, a “revolving credit” arrangement within the meaning of the Illinois Interest Act, 815 ILCS 205/4.1205/4.1 and 205 ILCS 5/5d. The total amount of Indebtedness may increase or decrease from time to time, as provided in the Additional Loan AgreementDocuments, and any disbursements which Mortgagee the Lender may make under this Mortgage, the Note or the Additional Loan Agreement Documents or any other document with respect hereto (e.g., Protective Advancesfor payment of taxes, insurance premiums or other advances to protect the Lender’s liens and security interests, as permitted hereby) shall be additional Indebtedness and Obligations secured hereby. This Mortgage is intended to and shall be valid and have priority over all subsequent liens and encumbrances, including statutory liens, excepting solely taxes and assessments levied on the real estate, to the extent of the maximum amount secured hereby.