Common use of Security Documents Covering Mortgaged Property Clause in Contracts

Security Documents Covering Mortgaged Property. Borrower will grant to Lender a first-lien mortgage covering all of the Mortgaged Property and a security interest in all personal property relating to such Mortgaged Property and owned by Borrower, which mortgage lien and security interest are evidenced by a Mortgage, Security Agreement and Financing Statement dated the same day as this Agreement made by Borrower in favor of Lender (the “Mortgage”).

Appears in 2 contracts

Samples: Development Loan Agreement (Amrep Corp.), Development Loan Agreement (Amrep Corp.)

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Security Documents Covering Mortgaged Property. Borrower will shall grant to Lender a first-lien mortgage covering all of the real property particularly described on Exhibit A attached hereto and made a part hereof (the “Mortgaged Property Property”) and a security interest in all personal property relating to such Mortgaged Property and owned by Borrower, which mortgage lien and security interest are shall be evidenced by a Line of Credit Mortgage, Security Agreement and Financing Statement dated the same day as this Agreement made by Borrower in favor of Lender Fixture Filing (the “Mortgage”).

Appears in 1 contract

Samples: Loan Agreement (Amrep Corp.)

Security Documents Covering Mortgaged Property. Borrower will shall grant to Lender a first-lien mortgage covering all of the Mortgaged Property and a security interest in all personal property relating to such Mortgaged Property and owned by Borrower, which mortgage lien and security interest are shall be evidenced by a Mortgage, Security Agreement and Financing Statement dated the same day as this Agreement made by Borrower in favor of Lender (the “Mortgage”).

Appears in 1 contract

Samples: Development Loan Agreement (Amrep Corp.)

Security Documents Covering Mortgaged Property. Borrower will shall grant to Lender a first-lien mortgage covering all of the Mortgaged Property and a security interest in all personal property relating to such Mortgaged Property and owned by BorrowerProperty, which mortgage lien and security interest are evidenced by a Mortgage, Security Agreement and Financing Statement dated the same day as this Agreement made by Borrower in favor of Lender (the “Mortgage”).

Appears in 1 contract

Samples: Development Loan Agreement (Amrep Corp.)

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Security Documents Covering Mortgaged Property. Borrower will shall grant to Lender a first-lien mortgage covering all of the Mortgaged Property and a security interest in all personal property relating to such Mortgaged Property and owned by Borrower, which mortgage lien and security interest are evidenced by a Mortgage, Security Agreement and Financing Statement dated the same day as this Agreement made by Borrower in favor of Lender (the “Mortgage”).

Appears in 1 contract

Samples: Development Loan Agreement (Amrep Corp.)

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