Common use of Security Agreement and Financing Statement Clause in Contracts

Security Agreement and Financing Statement. This Mortgage shall also constitute, and shall be construed as, a security agreement and as a financing statement with respect to the Collateral, notwithstanding the execution and filing of additional financing statements covering the same Collateral. 10.1. The Mortgagor shall from time to time, within fifteen (15) days after request by Mortgagee, execute, acknowledge and deliver any Financing Statement, Renewal Affidavit, Certificate, Continuation Statement, Inventory or other similar documents as the Mortgagee may reasonably request in order to protect, preserve, continue, extend or maintain the security interest granted in this Mortgage and shall, upon demand, pay any and all reasonable expenses incurred by the Mortgagee in the preparation, execution and filing of any such documents. 10.2. A carbon, photographic, photocopy or other reproduction of this Mortgage will constitute a financing statement and Mortgagor consents to the filing thereof as a financing Statement.

Appears in 7 contracts

Samples: Mortgage, Security Agreement and Financing Statement (Amrep Corp.), Mortgage, Security Agreement and Financing Statement (Amrep Corp.), Mortgage, Security Agreement and Financing Statement (Amrep Corp.)

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