Common use of Cross-Default; Cross-Collateralization Clause in Contracts

Cross-Default; Cross-Collateralization. The Note is secured by, among other things, this Security Deed and those certain other Mortgages, Deeds of Trust, and/or Deeds to Secure Debt of even date herewith, executed by the mortgagor, trustor or grantor, as the case may be, in favor of Grantee and covering certain real property and improvements and personal property thereon as described therein and located as described on Schedule I hereof (the “Other Mortgages”). The existence of a Default under this Security Deed (after the expiration of any applicable notice and cure periods) shall be deemed and shall constitute an Automatic Default under the Other Mortgages (without any further notice and cure by Grantee to Grantor which is hereby specifically waived by Grantor for all purposes), and a Default under any of the Other Mortgages (after the expiration of any applicable notice and cure periods), shall be deemed and shall constitute an Automatic Default under this Security Deed and the remaining Other Mortgages (without any further notice and cure by Grantee to Grantor which is hereby specifically waived by Grantor for all purposes).

Cross-Default; Cross-Collateralization. The Note is secured by, among other things, this Security Deed of Trust and those certain other Mortgages, Deeds of Trust, and/or Deeds to Secure Debt of even date herewith, executed by the mortgagor, trustor or grantor, as the case may be, in favor of Grantee Beneficiary and covering certain real property and improvements and personal property thereon as described therein and located as described on Schedule I hereof (the “Other Mortgages”). The existence of a Default under this Security Deed of Trust (after the expiration of any applicable notice and cure periods) shall be deemed and shall constitute an Automatic Default under the Other Mortgages (without any further notice and cure by Grantee Beneficiary to Grantor Trustor which is hereby specifically waived by Grantor Trustor for all purposes), and a Default under any of the Other Mortgages (after the expiration of any applicable notice and cure periods), shall be deemed and shall constitute an Automatic Default under this Security Deed of Trust and the remaining Other Mortgages (without any further notice and cure by Grantee Beneficiary to Grantor Trustor which is hereby specifically waived by Grantor Trustor for all purposes).

Cross-Default; Cross-Collateralization. The Note is secured by, among other things, this Security Deed of Trust and those certain other Mortgages, Deeds of Trust, and/or Deeds to Secure Debt of even date herewith, executed by the mortgagor, trustor or grantor, as the case may be, in favor of Grantee Lender and covering certain real property and improvements and personal DEED OF TRUST (VIRGINIA) Xxxxx Fargo/Xxxx Properties/Cracker Barrel Loan Xx. 00-00000000/Xxxxx Xx. 000 property thereon as described therein and located as described on Schedule I hereof (the “Other Mortgages”). The existence of a Default under this Security Deed of Trust (after the expiration of any applicable notice and cure periods) shall be deemed and shall constitute an Automatic Default under the Other Mortgages (without any further notice and cure by Grantee Lender to Grantor which is hereby specifically waived by Grantor for all purposes), and a Default under any of the Other Mortgages (after the expiration of any applicable notice and cure periods), shall be deemed and shall constitute an Automatic Default under this Security Deed of Trust and the remaining Other Mortgages (without any further notice and cure by Grantee Lender to Grantor which is hereby specifically waived by Grantor for all purposes).

Cross-Default; Cross-Collateralization. The Note is secured by, among other things, this Security Deed Mortgage and those certain other Mortgages, Deeds of Trust, and/or Deeds to Secure Debt of even date herewith, executed by the mortgagor, trustor or grantor, as the case may be, in favor of Grantee Mortgagee and covering certain real property and improvements and personal property thereon as described therein and located as described on Schedule I hereof (the “Other Mortgages”). The existence of a Default under this Security Deed Mortgage (after the expiration of any applicable notice and cure periods) shall be deemed and shall constitute an Automatic Default under the Other Mortgages (without any further notice and cure by Grantee Mortgagee to Grantor Mortgagor which is hereby specifically waived by Grantor Mortgagor for all purposes), and a Default under any of the Other Mortgages (after the expiration of any applicable notice and cure periods), shall be deemed and shall constitute an Automatic Default under this Security Deed Mortgage and the remaining Other Mortgages (without any further notice and cure by Grantee Mortgagee to Grantor Mortgagor which is hereby specifically waived by Grantor Mortgagor for all purposes).

Cross-Default; Cross-Collateralization. The Note is secured by, among other things, this Security Deed of Trust and those certain other Mortgages, Deeds of Trust, and/or Deeds to Secure Debt of even date herewith, executed by the mortgagor, trustor or grantor, as the case may be, in favor of Grantee Xxxxxx and covering certain real property and improvements and personal DEED OF TRUST (VIRGINIA) Xxxxx Fargo/Xxxx Properties/Cracker Barrel Loan No. 02-62113730/Store No. 560 property thereon as described therein and located as described on Schedule I hereof (the “Other Mortgages”). The existence of a Default under this Security Deed of Trust (after the expiration of any applicable notice and cure periods) shall be deemed and shall constitute an Automatic Default under the Other Mortgages (without any further notice and cure by Grantee Lender to Grantor which is hereby specifically waived by Grantor for all purposes), and a Default under any of the Other Mortgages (after the expiration of any applicable notice and cure periods), shall be deemed and shall constitute an Automatic Default under this Security Deed of Trust and the remaining Other Mortgages (without any further notice and cure by Grantee Lender to Grantor which is hereby specifically waived by Grantor for all purposes).

Cross-Default; Cross-Collateralization. The Note is secured by, among other things, this Security Deed of Trust and those certain other Mortgages, Deeds of Trust, and/or Deeds to Secure Debt of even date herewith, executed by the mortgagor, trustor or grantor, as the case may be, in favor of Grantee Xxxxxx and covering certain real property and improvements and personal DEED OF TRUST (VIRGINIA) Xxxxx Fargo/Xxxx Properties/Cracker Barrel Loan No. 02-62113748/Store No. 568 property thereon as described therein and located as described on Schedule I hereof (the “Other Mortgages”). The existence of a Default under this Security Deed of Trust (after the expiration of any applicable notice and cure periods) shall be deemed and shall constitute an Automatic Default under the Other Mortgages (without any further notice and cure by Grantee Lender to Grantor which is hereby specifically waived by Grantor for all purposes), and a Default under any of the Other Mortgages (after the expiration of any applicable notice and cure periods), shall be deemed and shall constitute an Automatic Default under this Security Deed of Trust and the remaining Other Mortgages (without any further notice and cure by Grantee Lender to Grantor which is hereby specifically waived by Grantor for all purposes).