Common use of Security Interest in Manufactured Homes Clause in Contracts

Security Interest in Manufactured Homes. (a) Until the Obligations are paid in full and all other obligations of Borrower to be performed under the Loan Documents shall have been paid and/or performed, Affiliated Home Owner shall grant to Lender a security interest in those Manufactured Homes set forth on Schedule 4.21 and such other collateral security as set forth in the Security Agreement.

Appears in 4 contracts

Samples: Loan Agreement (Manufactured Housing Properties Inc.), Loan Agreement (Manufactured Housing Properties Inc.), Loan Agreement (Manufactured Housing Properties Inc.)

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