The Mortgages Generally Sample Clauses

The Mortgages Generally. The related Mortgage contains customary and enforceable provisions so as to render the rights and remedies of the holder thereof adequate for the practical realization against the related Mortgaged Property of the benefits of the security interests intended to be provided thereby, including by judicial foreclosure; there is no exemption available to the related obligor which would interfere with the mortgagee's right to foreclose such Mortgage, other than that which may be available under applicable bankruptcy, debt relief or homestead statutes; any applicable intangibles taxes and documentary sales taxes have been paid; and such Mortgage gives the mortgagee the right to receive and direct the application of insurance and condemnation proceeds received in respect of such Mortgaged Property.