Security Interest in Personal Property. 2.2.1 This Mortgage shall constitute a security agreement and shall create and evidence a security interest or common law Lien in all the Equipment and in all the other items of Mortgaged Property in which a security interest may be granted or a common law pledge created pursuant to the UCC or under the common law in such state (collectively, "Personal Property").
Security Interest in Personal Property. 19.1 If any personal property collateral is detailed in the disclosure statement then you must do the following things:
Security Interest in Personal Property. To secure the prompt payment to Lender of the Indebtedness, including but not limited to the Revolving Line of Credit Loan, the Term Loan, the Merchant Loan, and the Guaranty, together with all costs, expenses and fees payable by Borrower Group hereunder, Borrower Group hereby grants to Lender a continuing security interest in and to all of the following property and interests in property of Borrower Group, whether now owned or existing, hereafter acquired or arising, or in which Borrower Group now or hereafter has any rights, and wheresoever located:
Security Interest in Personal Property. Except with respect to Mortgage Loans set forth on Exhibit 20, the Mortgage Loan Documents create and the Seller has, and upon transfer of the Mortgage Loan Documents to the Purchaser and the recordation of the Assignments of Mortgage, the Purchaser will have, a first lien priority perfected security interest in all furniture, fixtures, and equipment subject to the lien of the Mortgage and related to the operation of the Mortgaged Property as a multifamily dwelling or commercial property and condemnation and casualty proceeds relating to the Mortgaged Property, subject only, if applicable, to a third party's interest in leased items of personalty.
Security Interest in Personal Property. In addition to Landlord’s statutory lien, Tenant hereby grants to Landlord a UCC security interest upon all the furniture, furnishings, equipment and articles of personal property of every kind and nature whatsoever, now or hereafter located in or upon the Premises, whether now owned or hereafter acquired by Tenant as and for security for the payment by Tenant of Base Rent and Additional Rent and the performance by Tenant of the other obligations heretofore provided. Landlord may at any time after default in the payment of Base Rent and Additional Rent, or default of other obligations, seize and take possession of any and all personal property belonging to Tenant which may be found in and upon the Premises. Should Tenant fail to redeem the property so seized, by payment of whatever sum may be due Landlord under and by virtue of the provisions of this Lease, then and in that event, Landlord shall have the right, after ten (10) days’ written notice to Tenant of its intention to do so (which Tenant agrees constitutes reasonable notice), to sell such property so seized at public or private sale and upon such terms and conditions as to Landlord may appear advantageous, and after the payment of all proper charges incident to such sale, apply the proceeds thereof to the payment of any balance due on account of Rent or other Tenant obligations. In the event there shall then remain any balance realized from the sale of said property, that balance shall be paid over to Tenant. The Tenant hereby acknowledges, agrees and authorizes the Landlord to record and file at Landlord’s expense, as Landlord deems necessary, all UCC-1 Financing Statements, including all modifications, continuances, and extensions thereof, in the applicable county and with the applicable states, including the State of Florida, to perfect and maintain its first security interest by virtue of the Lease even though the Tenant may not execute the applicable UCC-1 Financing Statements and/or UCC-3 Financing Statements.
Security Interest in Personal Property. The Mortgagor covenants and agrees to execute and deliver to the Mortgagee, on demand, a security interest in all chattels, furnishings, equipment, appliances and all other personal property owned now or in the future by the Mortgagor and situate in or about the Property. The form and content of such security interest must be acceptable to the Mortgagee. The Mortgagor agrees to pay all legal and other expenses incurred by the Mortgagee in connection with the preparation and registration of the security interest and any renewals thereof forthwith upon demand and such fees and expenses, together with interest thereon at the Interest Rate, shall be added to the Indebtedness and secured by this Mortgage.
Security Interest in Personal Property. The Grantor hereby mortgages, pledges, hypothecates, assigns and transfers to the First Lien Agent, and hereby grants to the First Lien Agent, its successors and assigns, for the ratable benefit of the Secured Parties, a lien on and a continuing security interest (the “Security Interest”), in all of the following property now owned or at any time hereafter acquired by the Grantor or in which the Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Collateral”), as collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Grantor Obligations:
Security Interest in Personal Property. To secure the prompt payment and performance to Agent and Lenders of the Obligations, Borrower, pursuant to the Security Agreement and the other Security Documents, shall grant to Agent, for the benefit of Lenders, a first and prior continuing security interest in and Liens upon all of the Collateral, except for the portion of the Collateral which is REO Property, and expressly including, without limitation, all of the Borrower’s rights in the Cash Reserve Account, the Owner Collection Account, the Operating Account and the Services Agreement. At the time the Borrower forecloses upon any personal property securing payment of a Collateral Loan, upon Agent’s request, Borrower shall also execute a “Supplement to Security Agreement”, which “Supplement to Security Agreement” shall detail the specific assets being foreclosed upon. Borrower agrees to execute the UCC-1 Financing Statements provided for by the Code or otherwise together with any and all other instruments, assignments or documents and shall take such other action (including the filing of such UCC-1 Financing Statements and other documents with appropriate filing offices at the expense of Borrower) as may be required by Agent to perfect or to continue the perfection of Agent’s security interest in the Collateral. Unless prohibited by applicable law, Borrower hereby authorizes Agent to file any such Financing Statement on Borrower’s behalf without the signature of Borrower. The parties agree that, if permitted by applicable law, a photographic or other reproduction of this Agreement shall be sufficient as a financing statement and may be filed in any appropriate office in lieu thereof.
Security Interest in Personal Property. LESSEE grants to LESSOR a security interest in all Lessee’s personal property and/or contents of the leased premises for the payment of the rent and/or damages of any kind. To enforce such security interest, LESSOR may take and keep possession of all such personal property of LESSOR and may advertise and sell such property at public auction to satisfy and debt, without any process of law and bar of any right of redemption, provided that notice be posted on premises and written notice be sent by certified mail to LESSEE and any known creditors claiming any interest in such property at least ten (10) days prior to the sale date. In furtherance of this provision, LESSEE shall execute a financial statement and pay the filing fee for filing said instrument in the place designated by law.
Security Interest in Personal Property. 2.2.1 This Deed of Trust shall constitute a security agreement and shall create and evidence a security interest or common law Lien in all the Equipment and in all the other items of Property in which a security interest may be granted or a common law pledge created pursuant to the Uniform Commercial Code as in effect in the state in which the Premises are located or under the common law in such state (collectively, “Personal Property”).
