To Mortgagor Sample Clauses

To Mortgagor. In order for Mortgagee to extend the Loan to Mortgagor, Mortgagee requires that Mortgagor enter into this Mortgage to xxxxx x xxxx on Mortgagor's leasehold interest and all government authorizations and personal property used in the operation of the Facility and owned by Mortgagor. In consideration of the loan advances described in Article 2 made or to be made by Mortgagee to Mortgagor and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Mortgagor has executed and delivered this Mortgage and by these presents does mortgage, warrant, grant, transfer and convey to Mortgagee and to its successors and assigns, forever all of Mortgagor's right, title, and interest to and under the following property which Mortgagor now owns or may hereafter acquire ("Property"): 1. The leasehold estate of Mortgagor arising under the Lease in the real property described on Exhibit A attached hereto ("Real Property"), including without limiting the completeness of the foregoing grant Mortgagor's interest in the following: (a) all tenements, hereditaments, and easements, rights of way, licenses, rights, privileges, and appurtenances pertaining to the Real Property presently owned or hereafter acquired by Mortgagor, including, without limitation, easements, rights of way, streets, ways, alleys, gores, or strips of land, whether or not adjoining the Real Property; (b) all buildings and any other improvements ("Improvements") now or hereafter erected or placed upon the Real Property and all fixtures ("Fixtures") of every kind and nature whatsoever now or hereafter affixed to the Real Property or Improvements (without limiting the generality of what may be a Fixture, all heating, ventilating, air conditioning, air cooling, lighting, incinerating, plumbing, cleaning, communications and power equipment, screens, storm doors, storm windows, shades, awnings, floor coverings, and carpeting, shall be deemed to be Fixtures and to be a part of the Real Property, whether or not physically attached to the Real Property); and (c) all rents, income, issues, profits, royalties, and other benefits derived or to be derived from the Real Property, Improvements, and Fixtures (all of which are called "Rents") and all of Mortgagor's interest in any lease, sublease license or other agreement pursuant to which any Rents are payable and the Lease (all of which are called "Leases").
Sample 1Sample 2
AutoNDA by SimpleDocs
To Mortgagor. Sixth, to Mortgagor, its successors and assigns, or to whomsoever may be lawfully entitled to receive such proceeds.
Sample 1Sample 2
To Mortgagor. Xxxxx Xxx Mahal Associates Mississippi Avenue and Xxx Xxxxxxxxx Xxxxxxxx Xxxx, Xxx Xxxxxx 00000 Attn: Chief Financial Officer with a copy to: Xxxxxxx Xxxx & Xxxxxxxxx One Citicorp Center 000 Xxxx 00xx Xxxxxx Xxx Xxxx, Xxx Xxxx 00000 Attn: Xxxx X. Xxxxxxx, Esq. To Mortgagee: U.S. Bank National Association 000 Xxxx Xxxxx Xxxxxx Xx. Xxxx, Minnesota 55101 Attn: Corporate Trust Department
Sample 1
To Mortgagor. The President Riverboat Casino-Mississippi, Inc. 802 North First Street St. Louis, Missouri 63102 Attexxxxx: Xxxxx X. Xxxxxxx xxxx xxxxxx xx: Xxxes W. O'Mara Xxxxxx Xxxxxx, X.L.P. Suite 500, SkyTxx Xxxxxe 000 Xxxxx Xxxxx Xxxeet Jacksxx, Xxxxxxxxxxx 00000 Telxxxxxx: (000) 000-2720 Facsimile: (601) 360-9777 and Virxxxxx Xxxxxx Phelps Dunbar, X.X.X. 400 Poydras Strxxx, 00xx Xxxxx Xxx Xxlxxxx, Louisiana 70130 Xxxxxxxxx: (000) 000-0000 Xxxxxxxxx: (000) 000-0000
Sample 1
To Mortgagor. The Key Biscayne Loan is (a) evidenced by a Consolidated and Renewed Promissory Note of even date herewith in the original principal amount of the Key Biscayne Loan, and (b) secured by, among other things, a Consolidated, Amended and Restated Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents of even date herewith granted by Mortgagor for the benefit of Mortgagee covering certain real property commonly known as the Sonesta Beach Resort, Key Biscayne, Florida, and more particularly described in Exhibit A attached hereto, and recorded immediately prior to the recordation of this Mortgage.
Sample 1
To Mortgagor. In the event of such loss or damage, all proceeds of insurance shall be payable to MORTGAGEE, and MORTGAGOR hereby assigns said proceeds to MORTGAGEE, and authorizes and directs any affected insurance company to make payment of such proceeds directly to MORTGAGEE. MORTGAGEE is hereby authorized and empowered by MORTGAGOR to settle, adjust or compromise any claims for loss, damage or destruction under any policy or policies of insurance. Except to the extent that insurance proceeds are received by MORTGAGEE and applied to the Obligations, nothing herein contained shall be deemed to excuse MORTGAGOR from repairing or maintaining the Prop" as provided in this Mortgage or restoring all damage or destruction on to the Property, regardless of whether or not there are insurance proceeds available or whether any such proceeds are sufficient in amount, and the application or release by MORTGAGEE of any insurance proceeds shall not cure or waive any default or notice of default under this Mortgage or invalidate any act done pursuant to such notice. All insurance policies required shall be written with companies satisfactory to MORTGAGEE, shall contain non-contributory standard mortgagee clauses, shall name MORTGAGEE as an additional insured, shall be maintained, throughout the term of the loan without cost to MORTGAGEE, and shall contain such provisions as MORTGAGEE deems necessary or desirable to protect its interest including, without limitation, a provision for thirty (30) days prior written notice to MORTGAGEE of cancellation of or any change in the risk or coverages insured. Whenever required by MORTGAGEE, certified copies of such policies of insurance shall be delivered immediately to and held by MORTGAGEE.
Sample 1

Related to To Mortgagor

  • Notice to Mortgagors The Seller shall mail to the Mortgagor of each related Mortgage Loan a letter advising such Mortgagor of the transfer of the servicing of the related Mortgage Loan to the Purchaser, or its designee, in accordance with the Cranston Gonzales National Affordable Housing Act of 1990 at least 15 dxxx xxxxx xx xxx related Transfer Date; provided, however, the content and format of the letter shall have the prior approval of the Purchaser. The Seller shall provide the Purchaser with copies of all such related notices no later than the related Transfer Date.

  • Mortgagor The obligor on a Mortgage Note. ---------

  • Notice to Mortgagee Notwithstanding anything to the contrary in the Lease or this Agreement, before exercising any Termination Right or Offset Right, Tenant shall provide Mortgagee with notice of the breach or default by Landlord giving rise to same (the “Default Notice”) and, thereafter, the opportunity to cure such breach or default as provided for below.

  • RIGHT TO MORTGAGE Landlord reserves the right to mortgage or otherwise place a lien on the Property and Tenant agrees to accept the Property subject and subordinate to any such mortgage or lien. Tenant hereby grants power of attorney to Landlord for the sole and limited purpose of executing and delivering any document required in the name of Tenant for any such mortgage or lien.

  • Property Mortgaged Borrower does hereby irrevocably mortgage, grant, bargain, sell, pledge, assign, warrant, transfer and convey to Lender, and grant a security interest to Lender in, the following property, rights, interests and estates now owned, or hereafter acquired by Borrower (collectively, the "Property"):

  • Subordination to Mortgage This Lease, and any sublease entered into by Tenant under the provisions of this Lease, shall be subject and subordinate to any ground lease, mortgage, deed of trust, sale/leaseback transaction or any other hypothecation for security now or hereafter placed upon the Premises, the Building, the Center, or any of them, and the rights of any assignee of Landlord or of any ground lessor, mortgagee, trustee, beneficiary or leaseback lessor under any of the foregoing, and to any and all advances made on the security thereof and to all renewals, modifications, consolidations, replacements and extensions thereof; provided, however, that such subordination in the case of any future ground lease, mortgage, deed of trust, sale/leaseback transaction or any other hypothecation for security placed upon the Premises, the Building, the Center, or any of them shall be conditioned on Tenant’s receipt from the ground lessor, mortgagee, trustee, beneficiary or leaseback lessor of a Non-Disturbance Agreement in a form reasonably acceptable to Tenant (i) confirming that so long as Tenant is not in material default hereunder beyond any applicable cure period (for which purpose the occurrence and continuance of any event of default under Section 14.1 hereof shall be deemed to be “material”), Tenant’s rights hereunder shall not be disturbed by such person or entity and (ii) agreeing that the benefit of such Non-Disturbance Agreement shall be transferable to any transferee under a Permitted Transfer and to any other assignee or subtenant that is acceptable to the ground lessor, mortgagee, trustee, beneficiary or leaseback lessor at the time of transfer. If any mortgagee, trustee, beneficiary, ground lessor, sale/leaseback lessor or assignee elects to have this Lease be an encumbrance upon the Center prior to the lien of its mortgage, deed of trust, ground lease or leaseback lease or other security arrangement and gives notice thereof to Tenant, this Lease shall be deemed prior thereto, whether this Lease is dated prior or subsequent to the date thereof or the date of recording thereof. Tenant, and any sublessee, shall execute such documents as may reasonably be requested by any mortgagee, trustee, beneficiary, ground lessor, sale/leaseback lessor or assignee to evidence the subordination herein set forth, subject to the conditions set forth above, or to make this Lease prior to the lien of any mortgage, deed of trust, ground lease, leaseback lease or other security arrangement, as the case may be. Upon any default by Landlord in the performance of its obligations under any mortgage, deed of trust, ground lease, leaseback lease or assignment, Tenant (and any sublessee) shall, notwithstanding any subordination hereunder, attorn to the mortgagee, trustee, beneficiary, ground lessor, leaseback lessor or assignee thereunder upon demand and become the tenant of the successor in interest to Landlord, at the option of such successor in interest, and shall execute and deliver any instrument or instruments confirming the attornment herein provided for. Landlord represents and warrants to Tenant that as of the date of this Lease, neither the Premises nor the Building nor the Center is subject to any existing ground lease, mortgage, deed of trust, sale/leaseback transaction or any other hypothecation for security.

  • SUBORDINATION TO MORTGAGES This Lease and all of Tenant's rights hereunder are subject and subordinate to any Mortgage now or hereafter placed on or affecting the Building, and all renewals, modifications, replacements, amendments and extensions thereof. Upon written request or notice by Landlord, concurred in by any Mortgagee of the Building or any part thereof which includes the Premises, or by any person, firm or corporation intending to become a Mortgagee, Tenant agrees to subordinate its rights under this Lease to the lien or liens of any Mortgage and to any and all advances to be made thereunder, and to the interest thereon, and all renewals, replacements and extensions thereof, provided the Mortgagee named in a Mortgage shall agree to recognize the lease of Tenant in the event of foreclosure if Tenant is not in default. Tenant also agrees that any Mortgagee may elect to have this Lease prior to the lien of its Mortgage, and in the event of such election and upon notification by such Mortgagee to Tenant to that effect, this Lease shall be deemed prior in lien to the Mortgage, whether this Lease is dated prior to or subsequent to the date of the Mortgage. Tenant agrees that, upon the request of Landlord or any Mortgagee named in such Mortgage, it will execute and deliver whatever instruments may be required for such purposes. Tenant will, in the event of the sale or assignment of Landlord's interest in the Building or in the event of any proceedings brought for the foreclosure of, or in the event of the exercise of the power of sale under any Mortgage covering the Building, attorn to and recognize such purchaser or Mortgagee as Landlord under this Lease to the same extent and effect as the original Landlord.

  • Mortgagee Upon WTC giving any notice in accordance with Section 11.1, Mortgagee shall (if and so long as such citizenship is necessary under the Act as in effect at such time or, if it is not necessary, if and so long as Mortgagee's citizenship could have any adverse effect on Owner, or any Note Holder), subject to Section 9.02 of the Trust Indenture, resign as Mortgagee promptly upon its ceasing to be such a citizen.

  • Occupancy of the Mortgaged Property As of the related Closing Date the Mortgaged Property is lawfully occupied under applicable law. All inspections, licenses and certificates required to be made or issued with respect to all occupied portions of the Mortgaged Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting certificates, have been made or obtained from the appropriate authorities. The Mortgagor represented at the time of origination of the Mortgage Loan that the Mortgagor would occupy the Mortgaged Property as the Mortgagor's primary residence;

  • Regarding the Mortgagor The Mortgagor is one or more natural persons and/or trustees for an Illinois land trust or a trustee under a “living trust” and such “living trust” is in compliance with Xxxxxx Xxx guidelines for such trusts.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!