Common use of Maintenance and Repair; Compliance with Laws; Inspection Clause in Contracts

Maintenance and Repair; Compliance with Laws; Inspection. The Mortgagor will keep the Land and all the improvements thereon in good order and repair, and Mortgagor expressly agrees that it will not do or permit waste on the Land nor do any other act whereby the Mortgaged Premises will become less valuable or the lien hereof may be impaired. Should Mortgagor fail to effect the necessary repairs and such failure shall remain unremedied for 20 calendar days after written notice thereof shall have been given to the Mortgagor by the Mortgagee, Mortgagee may at its option make such repairs for the account of Mortgagor. The Mortgagor will promptly comply, and cause the Mortgaged Premises and the occupants or users thereof to comply, with all present and future laws, ordinances, orders, rules and regulations and other requirements of any governmental authority affecting the Mortgaged Premises or any part thereof or the use or occupancy thereof and with all instruments and documents of record or otherwise affecting the Mortgaged Premises, or any part thereof, or the use or occupancy OPEN-END MORTGAGE, SECURITY AGREEMENT AND ASSIGNMENT OF RENTS

Appears in 1 contract

Samples: Key Plastics Inc

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Maintenance and Repair; Compliance with Laws; Inspection. The Mortgagor will keep the Land and all the improvements thereon in good order and repair, and Mortgagor expressly agrees that it will not do or permit waste on the Land nor do any other act whereby the Mortgaged Premises will become less valuable or the lien hereof may be impaired. Should Mortgagor fail to effect the necessary repairs and such failure shall remain unremedied for 20 calendar days after written notice thereof shall have been given to the Mortgagor by the Mortgagee, Mortgagee may at its option make such repairs for the account of Mortgagor. The Mortgagor will promptly comply, and cause the Mortgaged Premises and the occupants or users thereof to comply, with all present and future laws, ordinances, orders, rules and regulations and other requirements of any governmental authority affecting the Mortgaged Premises or any part thereof or the use or occupancy thereof and with all instruments and documents of record or otherwise affecting the Mortgaged Premises, or any part thereof, or the use or occupancy OPEN-END MORTGAGEthereof. The Mortgagee, SECURITY AGREEMENT AND ASSIGNMENT OF RENTSand any person authorized by Mortgagee, shall have the right to enter upon and inspect the Mortgaged Premises at all reasonable times and with reasonable notice.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Key Plastics Inc)

Maintenance and Repair; Compliance with Laws; Inspection. The Mortgagor will keep the Land and all the improvements thereon in good order and repair, and Mortgagor expressly agrees that it will not do or permit waste on the Land nor do any other act whereby the OPEN-END MORTGAGE, SECURITY AGREEMENT AND ASSIGNMENT OF RENTS Mortgaged Premises will become less valuable or the lien hereof may be impaired. Should Mortgagor fail to effect the necessary repairs and such failure shall remain unremedied for 20 calendar days after written notice thereof shall have been given to the Mortgagor by the Mortgagee, Mortgagee may at its option make such repairs for the account of Mortgagor. The Mortgagor will promptly comply, and cause the Mortgaged Premises and the occupants or users thereof to comply, with all present and future laws, ordinances, orders, rules and regulations and other requirements of any governmental authority affecting the Mortgaged Premises or any part thereof or the use or occupancy thereof and with all instruments and documents of record or otherwise affecting the Mortgaged Premises, or any part thereof, or the use or occupancy OPEN-END MORTGAGEthereof. The Mortgagee, SECURITY AGREEMENT AND ASSIGNMENT OF RENTSand any person authorized by Mortgagee, shall have the right to enter upon and inspect the Mortgaged Premises at all reasonable times and with reasonable notice.

Appears in 1 contract

Samples: Key Plastics Inc

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Maintenance and Repair; Compliance with Laws; Inspection. The Mortgagor will keep the Land and all the improvements thereon in good order and repair, and Mortgagor expressly agrees that it will not do or permit waste on the Land nor do any other act whereby the Mortgaged Premises will become less valuable or the lien hereof may be impaired. Should Mortgagor fail to effect the necessary repairs and such failure shall remain unremedied for 20 calendar days after written notice thereof shall have been given to the Mortgagor by the Mortgagee, Mortgagee may at its option make such repairs for the account of Mortgagor. The Mortgagor will promptly comply, and cause the Mortgaged Premises and the occupants or users thereof to comply, with all present and future laws, ordinances, orders, rules and regulations and other requirements of any governmental authority affecting the Mortgaged Premises or any part thereof or the use or occupancy thereof and with all instruments and documents of record or otherwise affecting the Mortgaged Premises, or any part thereof, or the use or occupancy OPEN-END MORTGAGE, SECURITY AGREEMENT AND AGREEMENT, ASSIGNMENT OF RENTSRENTS AND FINANCING STATEMENT (FIXTURE FILING)

Appears in 1 contract

Samples: Key Plastics Inc

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