Common use of Supplemental Mortgage Affidavits Clause in Contracts

Supplemental Mortgage Affidavits. The Liens to be created by each Mortgage are intended to encumber the applicable Individual Property described therein to the full extent of each Borrower’s obligations under the Loan Documents. As of the Closing Date, each Borrower shall have paid all state, county and municipal recording and all other taxes imposed upon the execution and recordation of the Mortgages.

Appears in 13 contracts

Samples: Loan Agreement, Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc)

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Supplemental Mortgage Affidavits. The Liens to be created by each Mortgage are intended to encumber the applicable Individual Property described therein to the full extent of each Borrower’s 's obligations under the Loan Documents. As of the Closing Date, each Borrower shall have paid all state, county and municipal recording and all other taxes imposed upon the execution and recordation of the Mortgages.

Appears in 6 contracts

Samples: Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc), Loan Agreement (Ashford Hospitality Trust Inc)

Supplemental Mortgage Affidavits. The Liens to be created by each Mortgage the Mortgages are intended to encumber the applicable Individual Property Facility described therein to the full extent of each Borrower’s 's obligations under the Loan Documents. As of the Closing Date, each Borrower shall have paid all state, county and municipal recording and all other taxes imposed upon the execution and recordation of the Mortgages.

Appears in 1 contract

Samples: Loan Agreement (Brookdale Living Communities Inc)

Supplemental Mortgage Affidavits. The Liens to be created by each Mortgage Mortgage-Borrower are intended to encumber the applicable Individual Property Facility described therein to the full extent of each Borrower’s 's obligations under the Loan Documents. As of the Closing Date, each Borrower shall have paid all state, county and municipal recording and all other taxes imposed upon the execution and recordation of the Mortgageseach Mortgage-Borrower.

Appears in 1 contract

Samples: Loan Agreement (Alternative Living Services Inc)

Supplemental Mortgage Affidavits. The Liens to be created by each Related Mortgage are intended to encumber the each applicable Individual Property Additional Facility described therein to the full extent of each Borrower’s 's obligations under the Loan Documents and, if applicable, each Joint Venture's obligations under the Joint Venture Loan Documents. As of the applicable Additional Facility Advance Closing Date, each Borrower shall have paid all state, county and municipal recording and all other taxes imposed upon the execution and recordation of the MortgagesRelated Mortgage.

Appears in 1 contract

Samples: Loan Agreement (Alternative Living Services Inc)

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Supplemental Mortgage Affidavits. The Liens to be Lien created by each Mortgage are is intended to encumber the applicable Individual Property described therein to the full extent of each Borrower’s obligations under all the Loan DocumentsIndebtedness. As of the Closing Date, each Borrower shall have paid has paid, or arranged for timely payment of, all state, county and municipal recording and all other taxes imposed upon the execution and recordation of the Mortgages.Mortgages in the applicable states. If at any time Lender determines, based on applicable law, that Lender is

Appears in 1 contract

Samples: Loan Agreement (Ambassador Apartments Inc)

Supplemental Mortgage Affidavits. The Liens Lien to be created by each the Mortgage are is intended to encumber the applicable Individual Property described therein to the full extent of each Borrower’s obligations under the Loan Documents. As of the Closing Date, each Borrower shall have paid all state, county and municipal recording and all other taxes imposed upon the execution and recordation of the MortgagesMortgage.

Appears in 1 contract

Samples: Loan Agreement (Ashford Hospitality Trust Inc)

Supplemental Mortgage Affidavits. The Liens to be created by each Mortgage are intended to encumber the applicable Individual Property Facility described therein to the full extent of each Borrower’s 's and the Joint Venture's respective obligations under the Loan Documents and the Joint Venture Loan Documents, respectively. As of the Closing Date, each Borrower shall have paid all state, county and municipal recording and all other taxes imposed upon the execution and recordation of the Mortgageseach Mortgage.

Appears in 1 contract

Samples: Loan Agreement (Alternative Living Services Inc)

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