Common use of Authority; No Encumbrances Clause in Contracts

Authority; No Encumbrances. The Property is now free and clear of all encumbrances whatsoever except Permitted Encumbrances, and the Borrower has good right and lawful authority to mortgage and convey the same in the manner and form hereby mortgaged and conveyed.

Appears in 4 contracts

Samples: Open End Mortgage Deed and Security Agreement (Edac Technologies Corp), Mortgage, Security Agreement (Edac Technologies Corp), Open End Mortgage Deed and Security Agreement (Edac Technologies Corp)

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Authority; No Encumbrances. The Property is now free and clear of all encumbrances whatsoever except Permitted Encumbrances, and the Borrower Mortgagor has good right and lawful authority to mortgage and convey the same in the manner and form hereby mortgaged and conveyed.

Appears in 3 contracts

Samples: Recording Office (Rti Capital Corp), Blue Steel Capital Corp, Blue Steel Capital Corp

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