Common use of Interpretation Generally Clause in Contracts

Interpretation Generally. Where under the mortgage you or we promise, you or we must be taken to represent and warrant. Where under the mortgage you or we must do or not do anything, you or we agree and covenant to do or not do the thing. Where under the mortgage we may do anything, you give us the power to do the thing. Your liability under your obligations in the mortgage continues after the payment obligations have been paid or the mortgage has been discharged.