Windsor Mortgage Clause Samples
Windsor Mortgage. A first priority open-end mortgage and security agreement, given by Borrower in favor of the Bank, dated the date hereof (the “Windsor Mortgage”), on Borrower’s right, title and interest in and to (i) Borrower’s fee estate in certain property located at 2▇-▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ North, Windsor, Connecticut, as more particularly described therein (the “Windsor Property”), (ii) all land, improvements, furniture, fixtures, equipment, and other assets (including, without limitation, contracts, contract rights, accounts, licenses and permits and general intangibles), including all after-acquired property, owned, or in which Borrower has or obtains any interest, in connection with the Windsor Property, (iii) all insurance proceeds and other proceeds therefrom, and (iv) all other assets of Borrower whether now owned or hereafter acquired and related to the Windsor Property as specified in the Windsor Mortgage.
Windsor Mortgage. A first priority Open-End Mortgage and Security Agreement, given by Borrower in favor of the Bank, dated the date hereof (the “Windsor Mortgage”), on Borrower’s right, title and interest in and to (i) Borrower’s fee estate in certain property located at ▇▇-▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ North, Windsor, Connecticut, as more particularly described therein (the “Windsor Property”), (ii) all land, improvements, furniture, fixtures, equipment, and other assets (including, without limitation, contracts, contract rights, accounts, licenses and permits and general intangibles), including all after-acquired property, owned, or in which Borrower has or obtains any interest, in connection with the Windsor Property, (iii) all insurance proceeds and other proceeds therefrom, and (iv) all other assets of Borrower whether now owned or hereafter acquired and located at and used exclusively at the Windsor Property as specified in the Windsor Mortgage.
Windsor Mortgage. The Debt is also secured by that certain open-end mortgage and security agreement (the “Windsor Mortgage”), dated as of the date hereof, in the principal amount of up to $12,500,000.00, executed by Borrower in favor of Lender, encumbering certain property located at ▇▇-▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ North, Windsor, Connecticut, as more particularly described therein (the “Windsor Property”), and intended to be recorded in the Office of the Town Clerk of Windsor, Hartford County, State of Connecticut. Borrower covenants to comply with all of the terms, covenants and conditions of the Windsor Mortgage, and agrees that any default under the Windsor Mortgage shall be a default under this Security Instrument. If there shall be a default in any sums due under the Windsor Mortgage, or in the payment of real estate taxes, water rates, sewer rents, assessments or ground rents, or any other liens encumbering the Windsor Property, Lender shall have the right, but not the obligation, to pay the same and any amounts so paid shall bear interest as calculated in this Security Instrument and shall be secured by this Security Instrument.