Common use of Title to Properties; Authority Clause in Contracts

Title to Properties; Authority. Borrower has full power, authority and legal right to own and operate the proper-ties which it now owns and operates, and to carry on the lines of business in which it is now engaged, and has good and marketable title to the Mortgaged Property subject to no Lien of any kind except Liens permitted by this Agreement. Borrower has full power, authority and legal right to execute and deliver and to perform and observe the provisions of this Agreement and the other Loan Documents. Borrower further represents to Bank that any and all after acquired interest in any one or more of the Mortgaged Property being concurrently or subsequently assigned of record to Borrower is and shall be deemed encumbered by the Mortgage in all respects.

Title to Properties; Authority. Borrower has Borrowers have full power, authority and legal right to own and operate the proper-ties properties which it now owns and operates, and to carry on the lines of business in which it is now engaged, and has good and marketable title to the Mortgaged Property subject to no Lien of any kind except Liens permitted by this Agreement. Borrower has Borrowers have full power, authority and legal right to execute and deliver and to perform and observe the provisions of this Agreement and the other Loan Documents. Borrower Borrowers further represents represent to Bank that any and all after acquired interest in any one or more of the Mortgaged Property being concurrently or subsequently assigned of record to Borrower Borrowers is and shall be deemed encumbered by the Mortgage in all respects.

Title to Properties; Authority. Borrower has full power, authority and legal right to own and operate the proper-ties which it now owns and operates, and to carry on the lines of business in which it is now engaged, and engaged has good and marketable title to the Mortgaged Property subject to no Lien of any kind except Liens permitted by this Agreement. Borrower has full power, authority and legal right to execute and deliver and to perform and observe the provisions of this Agreement and the other Loan Documents. Borrower further represents to Bank that any and all after acquired interest in any one or more of the Mortgaged Property being concurrently or subsequently assigned of record to Borrower is and shall be deemed encumbered by the Mortgage Mortgages in all respects.

Title to Properties; Authority. Borrower has full power, authority and legal right to own and operate the proper-ties properties which it now owns and operates, and to carry on the lines of business in which it is now engaged, and has good and marketable defensible title to the Mortgaged Property in corporate capacity subject to no Lien of any kind except Liens permitted by this Agreement. Borrower has full power, authority and legal right to execute and deliver and to perform and observe the provisions of this Agreement and the other Loan Documents. Borrower further represents to the Bank that any and all after acquired interest in any one or more of the Mortgaged Property being concurrently or subsequently assigned of record to Borrower is and shall be deemed encumbered by the Mortgage Deed of Trust in all respects.