Common use of Valid Second Lien Clause in Contracts

Valid Second Lien. With respect to any Second Lien Mortgage Loan, such Mortgage is a valid, subsisting and enforceable Second Lien on the Mortgaged Property, including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of such Mortgage is subject only to:

Valid Second Lien. With respect to any mortgage loan secured by a Second Lien Mortgage Loan----------------- Mortgage, such Second Mortgage is a valid, subsisting existing and enforceable Second Lien second lien on the Mortgaged Propertymortgaged property, including all buildings on the Mortgaged Property mortgaged property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildingsbuilding, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of such Mortgage the mortgage is subject only to:

Valid Second Lien. With respect to any Second Lien Mortgage Loan, such The Mortgage is a valid, subsisting subsisting, ------------------ enforceable, and enforceable Second Lien perfected second lien on the Mortgaged Property, including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of such the Mortgage is subject only to:

Valid Second Lien. With respect to any Second Lien Mortgage Loan, such Mortgage is a valid, subsisting and enforceable Second Lien second lien on the Mortgaged Property, including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of such Mortgage is subject only to:

Valid Second Lien. With respect to any Second Lien Mortgage Loan, such The Mortgage is a valid, subsisting subsisting, ----------------- enforceable, and enforceable Second Lien perfected second lien on the Mortgaged Property, including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of such the Mortgage is subject only to:

Valid Second Lien. With respect to any each Second Lien Mortgage Loan, such the related Mortgage is a valid, valid and subsisting and enforceable Second Lien on a single parcel or multiple contiguous parcels of real estate included in the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of such the Mortgage is subject only to:

Valid Second Lien. With respect to any Second Lien Mortgage Loan, such The Mortgage is a valid, subsisting and enforceable Second Lien second lien on the Mortgaged Property, including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of such the Mortgage is subject only to: