Statutory Covenants. Xxxxxxxx makes and includes in this Mortgage the statutory covenants and other provisions set forth in Minnesota Statutes, Section 507.15, and the Borrower, as mortgagor, covenants with the Lender, as mortgagee, the following statutory covenants:
Statutory Covenants. Borrower makes and includes in this Mortgage the following covenants and provisions set forth in Minn. Stat. 507.15, and the relevant statutory covenant equivalents contained therein are hereby incorporated by reference:
Statutory Covenants. Mortgagor makes and includes in this Mortgage the statutory covenants and other provisions set forth in Minnesota Statutes " 507.15, or in any future Minnesota Statute providing for a statutory form of real estate mortgage and Mortgagor covenants with Mortgagee the following statutory covenants:
Statutory Covenants. The following covenants in NRS 107.030 are adopted and incorporated by reference in this Deed of Trust: No. 3 and No. 8.
Statutory Covenants. Where not inconsistent with the above, the ------------------- following covenants, Nos. 1; 2 (full replacement value); 3; 4 (five percent [5%] per annum above the Interest Rate set forth in the Note); 5; 6; 7 (a reasonable percentage); 8 and 9 of NRS 107.030 are hereby adopted and made a part of this Deed of Trust.
Statutory Covenants. Borrower makes and includes in this Mortgage the Statutory Covenants and other provisions set forth in Minnesota Statutes Section 507.15 and the Borrower covenants with the following statutory covenants: (a) to warrant title to the Property, (b) to pay all other mortgages, liens, charges or encumbrances against the Property as and when they become due, (c) to pay the indebtedness of the Note as herein provided, (d) to pay all real estate taxes on the Property (e) that the Property shall be kept in repair and no waste shall be committed, (f) Borrower shall keep any buildings on the Property insured against loss by fire and other hazards for at least the sum of the full insurable value of the Property for the protection of the Lender and (g) that the whole of the principal sum shall become due after default, in the payment of any installment of principal or interest, or of any tax, or in the performance of any other covenant, at the option of the Lender. NON-UNIFORM COVENANTS. Xxxxxxxx and Xxxxxx further covenant and agree as follows:
Statutory Covenants. The following Statutory Covenants are hereby adopted and made a part of this Deed of Trust: Covenants 1, 3, 4, 5, 6, 7, 8 and 9, N.R.S. 107.030. The rate of interest default for Covenant No. 4 shall be 8.520%. The percent of counsel fees under Covenant No. 7 shall be 10%. Except for Covenants No. 6, 7 and 8, to the extent any terms of this Deed of Trust are inconsistent with the Statutory Covenants, the terms of this Deed of Trust shall control. Covenants 6, 7 and 8 shall control over the express terms of any inconsistent terms of this Deed of Trust.
Statutory Covenants. Where not inconsistent with the above, the following covenants, Nos. 1; 2 (full replacement value); 3; 4 (Default Rate under the Note); 5; 6; 7 (a reasonable percentage); 8 and 9 of NRS 107.030 are hereby adopted and made a part of this Deed of Trust. EXECUTED this 31st day of August, 1995. AUTOTOTE CBS, INC., a Nevada corporation BY: /s/ Xxxxxx Xxxxxxx ---------------------------- NAME: Xxxxxx Xxxxxxx -------------------------- TITLE: Executive Vice President ------------------------- "MAKER" XXXXX XX XXXXXX XXXXXX XX XXXXX This instrument was acknowledged before me on 31st of August 1995 by Xxxxxx Xxxxxxx as Executive Vice President of AUTOTOTE CBS, INC., a Nevada corporation. /s/ Xxxxxxx Xxxxxxx ---------------- [SEAL] Xxxxxxx Xxxxxxx My commission expires: LEGAL DESCRIPTION THAT PORTION OF "XXXXXX AIRPORT CENTER UNIT NO. 1" AS SHOWN BY MAP THEREOF ON FILE IN BOOK 33, PAGE 72 OF PLATS IN THE XXXXX COUNTY RECORDER'S OFFICE, XXXXX COUNTY, NEVADA, LYING WITHIN THE NORTHEAST QUARTER (NE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SECTION 3, TOWNSHIP 22 SOUTH, RANGE 61 EAST, M.D.M., XXXXX COUNTY, NEVADA AND DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHWEST CORNER OF THE NORTHEAST QUARTER (NE 1/4) OF THE NORTHWEST QUARTER (NW 1/4) OF SAID SECTION 3; THENCE NORTH 88 DEGREES 18'45" EAST ALONG THE NORTH LINE OF SAID SECTION 3, A DISTANCE OF 532.63 FEET TO THE INTERSECTION WITH THE CONTROL LINE OF XXXXX DRIVE (75.00 FEET WIDE); THENCE SOUTH 01 DEGREES 41'15" EAST ALONG SAID CONTROL LINE, 80.00 FEET; THENCE SOUTH 88 DEGREES 18'45"" WEST, 35.00 FEET TO THE POINT OF BEGINNING ON THE WESTERLY RIGT-OF-WAY LINE OF XXXXX DRIVE; THENCE SOUTH 01 DEGREES 41'15" EAST ALONG SAID RIGHT-OF-WAY LINE, 122.35 FEET; THENCE CURVING TO THE LEFT ALONG THE ARC OF A 300.00 FOOT RADIUS CURVE OF SAID RIGHT-OF-WAY LINE, CONCAVE NORTHEASTERLY, THROUGH A CENTRAL ANGLE OF 17 DEGREES 25'57", AN ARC LENGTH OF 91.28 FEET TO A POINT TO WHICH A RADIAL LINE BEARS SOUTH 70 DEGREES 52'48" WEST; THENCE SOUTH 70 DEGREES 52'48" WEST ALONG THE SOUTHWESTERLY PROLONGATION OF SAID RADIAL LINE, 5.00 FEET TO A POINT ON THE NORTHERLY RIGHT-OF-WAY LINE OF TRADE CENTER DRIVE (60.00 FEET WIDE); THENCE WESTERLY ALONG SAID RIGHT-OF-WAY LINE, THE FOLLOWING THREE (3) COURSES: FROM A TANGENT BEARING SOUTH 19 DEGREES 07'12" EAST, CURVING TO THE RIGHT ALONG THE ARC OF A 25.00 FOOT RADIUS CURVE, CONCAVE NORTHWESTERLY, THROUGH A CENTRAL ANGLE OF 80 DEGREES 24'22", AN ARC LENGTH OF 35.08 FEET; THENCE SOUTH 61 DEGREES 17'10"...
Statutory Covenants. The covenants and powers implied in every lease by virtue of Sections 84, 84A and 85 of Conveyancing Act 1919 shall not apply to or be implied in this lease.
