Condition of Grant. Subject to the provisions of this Mortgage, the condition of these presents is such that if Mortgagor shall pay, observe, perform and discharge the Obligations, or cause same to be paid, observed, performed and discharged in strict accordance with the terms thereof, then this Mortgage and the estates, interests, rights and assignments granted hereby shall be null and void, but otherwise shall remain in full force and effect.
Appears in 4 contracts
Samples: Assignment of Rents and Security Agreement (Ivax Diagnostics Inc), Security Agreement (Transeastern Properties Inc), Rents and Security Agreement (Plasma Therm Inc)
Condition of Grant. Subject to the provisions of this Mortgage, the The condition of these presents is such that if Mortgagor shall pay, pay or cause to be paid the Indebtedness as and when the same shall become due and payable and shall observe, perform and discharge the Obligations, or cause same to be paid, observed, performed and discharged in strict accordance with then the terms thereof, then this Mortgage Security Documents and the estates, interests, estates and rights and assignments granted hereby by them shall be null and void, but otherwise shall to remain in full force and effect.
Appears in 1 contract
Condition of Grant. Subject to the provisions of this Mortgage, the condition of these presents is such that if Mortgagor shall pay, observe, perform and discharge the Obligations, or cause same to be paid, observed, performed and discharged in strict accordance with the terms thereof, then this Mortgage and the estates, interests, rights and assignments granted hereby shall be null and void, but otherwise shall remain in full force and effect.. Florida Mortgage - Page 5 Initials: ______ ______ File No. 12199
Appears in 1 contract
Samples: Mortgage and Security Agreement (Net TALK.COM, Inc.)
