Business Loan Representation. The Mortgagor represents and warrants to the Mortgagee that the loan evidenced by the Note is a business loan transacted solely for the purpose of carrying on the business of the Mortgagor and that none of the Mortgaged Property is classified as homestead property.
Appears in 2 contracts
Samples: Combination Mortgage, Security Agreement (Wsi Industries, Inc.), www.sec.gov
Business Loan Representation. The Mortgagor represents and warrants to the Mortgagee that the loan evidenced by the Note Loan is a business loan transacted transaction solely for the purpose of carrying on the business of the Mortgagor and that none the Premises does not constitute the homestead of the Mortgaged Property is classified as homestead propertyMortgagor or any other party.
Appears in 1 contract
Samples: Security Agreement (Talon Real Estate Holding Corp.)
Business Loan Representation. The Mortgagor represents and warrants to the Mortgagee that the loan evidenced by the Note Loan is a business loan transacted transaction solely for the purpose of carrying on the business of the Mortgagor Mortgagors and that none the Premises does not constitute the homestead of the Mortgaged Property is classified as homestead propertyMortgagor or any other party.
Appears in 1 contract
Samples: Mortgage and Security Agreement and Fixture Financing (Navarre Corp /Mn/)
