Use of Property. Unless required by applicable law, Borrower shall not (a) except for any change in use approved by Lender, allow changes in the use for which all or any part of the Mortgaged Property is being used at the time this Instrument was executed, (b) convert any individual dwelling units or common areas to commercial use, (c) initiate or acquiesce in a change in the zoning classification of the Mortgaged Property, or (d) establish any condominium or cooperative regime with respect to the Mortgaged Property.
Appears in 45 contracts
Samples: And Security Agreement, And Security Agreement, Security Agreement
Use of Property. Unless required by applicable law, Borrower shall not (a) except for any change in use approved by Lender, allow changes in the use for which all or any part of the Mortgaged Property is being used at the time this Security Instrument was executed, (b) convert any individual dwelling units or common areas part of the Facility to commercial useuse other than one permitting as an assisted living facility and related uses, or (c) initiate or acquiesce in a change in the zoning classification of the Mortgaged Property, or (d) establish any condominium or cooperative regime with respect to Land and/or the Mortgaged PropertyFacility.
Appears in 4 contracts
Samples: Mortgage and Security Agreement, Secure Debt and Security Agreement, Secure Debt and Security Agreement (CNL Healthcare Trust, Inc.)
Use of Property. Unless required by applicable law, Borrower shall not (a) except for any change in use approved by Permanent Lender, allow changes in the use for which all or any part of the Mortgaged Property is being used at the time this Instrument RRDP Mortgage was executed, (b) convert any individual dwelling units or common areas to commercial use, (c) initiate or acquiesce in a change in the zoning classification of the Mortgaged Property, or (d) establish any condominium or cooperative regime with respect to the Mortgaged Property.or
Appears in 1 contract
Samples: www.lhc.la.gov
Use of Property. Unless required by applicable law, Borrower shall not (a) except for any change in use approved by Lender, allow changes in the use for which all or any part of the Mortgaged Property is being used at the time this Instrument Mortgage was executed, (b) convert any individual dwelling units or common areas to commercial use, (c) initiate or acquiesce in a change in the zoning classification of the Mortgaged Property, or (d) establish any condominium or cooperative regime with respect to the Mortgaged Property.DRAFT
Appears in 1 contract
Samples: Performance and Completion Guaranty
Use of Property. Unless required by applicable law, Borrower shall not (a) except for any change in use approved by Lender, allow changes in the use for which all or any part of the Mortgaged Property is being used at the time this Instrument was executed, (b) convert any individual dwelling units or common areas to commercial use, (c) initiate or acquiesce in a change in the zoning classification of the Mortgaged Property, or (d) establish any condominium or cooperative regime with respect to the residential apartments and offices within the Mortgaged PropertyProperty other than the Condominium (as defined in Section 48 below).
Appears in 1 contract
Samples: Leases and Security Agreement (Steadfast Income REIT, Inc.)
Use of Property. Unless required by applicable law, Borrower shall not (a) except for any change in use approved by Permanent Lender, allow changes in the use for which all or any part of the Mortgaged Property is being used at the time this Instrument NLRP Mortgage was executed, (b) convert any individual dwelling units or common areas to commercial use, (c) initiate or acquiesce in a change in the zoning classification of the Mortgaged Property, or (d) establish any condominium or cooperative regime with respect to the Mortgaged Property.
Appears in 1 contract
Samples: www.lhc.la.gov
Use of Property. Unless required by applicable law, Borrower shall not (a) except for any change in use approved by Lender, allow changes in the use for which all or any part of the Mortgaged Property is being used at the time this Instrument was executed, (b) convert any individual dwelling units or common areas to commercial use, (c) initiate or acquiesce in a change in the zoning classification of the Mortgaged Property, or (d) establish any condominium or cooperative regime with respect to violate Section 9.05 of the Mortgaged PropertyMaster Agreement.
Appears in 1 contract
Samples: And Security Agreement (America First Apartment Investors Inc)
Use of Property. Unless required by applicable law, Borrower shall not (a) except for any change in use approved by Lender, allow changes in the use for which all or any part of the Mortgaged Property is being used at the time this Instrument was executed, executed (b) convert any individual dwelling units or common areas to commercial use, (c) initiate or acquiesce in a change in the zoning classification of the Mortgaged Property, or (d) establish any condominium or cooperative regime with respect to the Mortgaged Property.
Appears in 1 contract
Samples: Rents and Security Agreement (Maxus Realty Trust Inc)
Use of Property. Unless required by applicable law, Borrower shall not (a) except for any change in use approved by Lender, allow changes in the use for which all or any part of the Mortgaged Property is being used at the time this Instrument Mortgage was executed, (b) convert any individual dwelling units or common areas to commercial use, (c) initiate or acquiesce in a change in the zoning classification of the Mortgaged Property, or (d) establish any condominium or cooperative regime with respect to the Mortgaged Property.,
Appears in 1 contract
Samples: And Security Agreement
