Common use of First Lien Clause in Contracts

First Lien. The mortgage or security agreement securing the Loan is a valid, subsisting, enforceable, and perfected first lien on the Secured Property, including all buildings on the Secured Property, subject only to:

Appears in 5 contracts

Samples: Participation Finance Agreement (preREO LLC), Participation Finance Agreement, Participation Finance Agreement

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First Lien. The Loan’s related mortgage or security agreement securing the Loan is a valid, subsisting, enforceable, enforceable and perfected first lien on the Secured Property, including all buildings on the Secured Property, subject only to:

Appears in 1 contract

Samples: Participation Finance Agreement

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