Common use of 1Grant Clause in Contracts

1Grant. To secure the full and timely payment and performance of the Obligations, Borrower hereby MORTGAGES, GRANTS, BARGAINS, SELLS and CONVEYS to Lender all of Borrower's right, title and interest in and to the Property, subject, however, to the Permitted Encumbrances and the First Mortgage; TO HAVE AND TO HOLD the Property to Lender, its successors and assigns, and Borrower does hereby bind itself, its successors and assigns to WARRANT AND FOREVER DEFEND the title to the Property unto Lender.

Appears in 1 contract

Sources: Second Fee and Leasehold Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Lasalle Hotel Properties)

1Grant. To secure the full and timely payment of the Debt and the full and timely performance of the Obligations, Borrower hereby MORTGAGES, GRANTS, BARGAINS, SELLS and CONVEYS to Lender Trustee all of Borrower's right, title and interest in and to the Property, subject, however, to the Permitted Encumbrances and the First MortgageEncumbrances; TO HAVE AND TO HOLD the Property to LenderTrustee, its successors and assigns, IN TRUST, WITH POWER OF SALE, and Borrower does hereby bind itself, its successors and assigns to WARRANT AND FOREVER DEFEND the title to the Property unto Lender.

Appears in 1 contract

Sources: Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Lasalle Hotel Properties)

1Grant. To secure the full and timely payment of the Debt and the full and timely performance of the Obligations, Borrower hereby MORTGAGES, GRANTS, BARGAINS, SELLS and CONVEYS to Lender all of Borrower's right, title and interest in and to the Property, subject, however, to the Permitted Encumbrances and the First MortgageEncumbrances; TO HAVE AND TO HOLD the Property to Lender, its successors and assigns, and Borrower does hereby bind itself, its successors and assigns to WARRANT AND FOREVER DEFEND the title to the Property unto Lender.

Appears in 1 contract

Sources: Fee and Leasehold Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Lasalle Hotel Properties)