Security for the Note. This Note is executed and delivered in accordance with the transaction more specifically described in the Loan Agreement. As evidence of, and as security for, the payment of the monies owing under this Note, Bxxxxxxx has delivered or has caused to be delivered to Lender a mortgage instrument (the “Mortgage Instrument”) which is a [first priority lien]2 upon the property therein described.
Appears in 2 contracts
Samples: Promissory Note (Groundfloor Real Estate 3, LLC), Promissory Note (Groundfloor Real Estate 1, LLC)
Security for the Note. This Note is executed and delivered in accordance with the transaction more specifically described in the Loan Agreement. As evidence of, and as security for, the payment of the monies owing under this Note, Bxxxxxxx Xxxxxxxx has delivered or has caused to be delivered to Lender a mortgage instrument (the “Mortgage Instrument”) which is a [first priority lien]2 upon the property therein described.
Appears in 2 contracts
Samples: Promissory Note (Groundfloor Real Estate 1, LLC), Promissory Note (Groundfloor Real Estate 1, LLC)
Security for the Note. This Note is executed and delivered in accordance with the transaction more specifically described in the Loan Agreement. As evidence of, and as security for, the payment of the monies owing under this Note, Bxxxxxxx Xxxxxxxx has delivered or has caused to be delivered to Lender a mortgage instrument (the “Mortgage Instrument”) which is a [first priority lien]2 upon lien]1upon the property therein described.
Appears in 1 contract
