Title Reports. Procure mortgage foreclosure or title reports. Grantor covenants to pay forthwith to the Bank all sums paid for such purposes with interest at the Default Rate applicable to the Secured Liabilities, and such sums and the interest thereon shall constitute a further lien upon the Property.
Appears in 3 contracts
Sources: Mortgage, Assignment of Leases and Rents, Security Agreement, and Financing Statement (Universal Logistics Holdings, Inc.), Commercial Mortgage (Universal Logistics Holdings, Inc.), Commercial Mortgage (Universal Logistics Holdings, Inc.)
Title Reports. Procure mortgage foreclosure or title reports. Grantor covenants to pay forthwith to the Bank Lender all sums paid for such purposes with interest at the Default Rate highest rate applicable to the Secured Liabilities, and such sums and the interest thereon shall constitute a further lien upon the Property.
Appears in 2 contracts
Sources: Commercial Mortgage (Meadowbrook Insurance Group Inc), Mortgage (Nematron Corp)