Title, Mortgage Lien. Mortgagor has good and marketable fee simple title to the Mortgaged Property, subject only to Permitted Liens. Mortgagor will forever warrant and defend its title to the Mortgaged Property, the rights of Mortgagee therein under this Mortgage and the validity and priority of the lien of this Mortgage thereon against the claims of all persons and parties except those having rights under Permitted Liens (but to the extent of those rights).
Appears in 2 contracts
Sources: Mortgage, Assignment of Leases and Rents, Security Agreement and Financing Statement (Neiman Marcus, Inc.), Mortgage, Assignment of Leases and Rents, Security Agreement and Financing Statement (Neiman Marcus Group Inc)
Title, Mortgage Lien. Mortgagor has good and marketable fee simple title to the Mortgaged Property, subject only to Permitted LiensLiens expressly permitted under Section 6.02 of the Credit Agreement. Mortgagor will forever warrant and defend its title to the Mortgaged Property, the rights of Mortgagee therein under this Mortgage and the validity and priority of the lien of this Mortgage thereon against the claims of all persons and parties except those having rights under Permitted Liens expressly permitted under Section 6.02 of the Credit Agreement (but to the extent of those rights).
Appears in 2 contracts
Sources: Second Priority Mortgage, Assignment of Leases and Rents, Security Agreement and Financing Statement (Neiman Marcus, Inc.), Second Priority Mortgage, Assignment of Leases and Rents, Security Agreement and Financing Statement (Neiman Marcus Group Inc)
Title, Mortgage Lien. Mortgagor has good and marketable fee simple title to the Mortgaged Property, subject only to Permitted Liens. Mortgagor will forever warrant and defend its title to the Mortgaged Property, the rights of Mortgagee Mortgage therein under this Mortgage and the validity and priority of the lien of this Mortgage thereon against the claims of all persons and parties except those having rights under Permitted Liens (but only to the extent of those rights).
Appears in 1 contract