Common use of Maximum Amount Secured Clause in Contracts

Maximum Amount Secured. Notwithstanding anything contained herein to the contrary, the maximum amount of indebtedness secured by this Mortgage at execution or which under any contingency may become secured hereby at any time hereafter is $21,060,912.57, plus interest thereon, plus all amounts expended by the Mortgagee after default by the Mortgagor which constitute payment of (i) taxes, charges or assessments which may be imposed by law upon the Property; (ii) premiums on insurance policies covering the Property; (iii) expenses incurred in protecting or upholding the lien of this Mortgage, including, but not limited to the expenses of any litigation to prosecute or defend the rights and lien created by this Mortgage; (iv) expenses incurred in protecting the collateral encumbered by this Mortgage; or (v) any amount, cost or charge to which the Mortgagee becomes subrogated upon payment, whether under recognized principles of law or equity, or under express statutory authority.

Maximum Amount Secured. Notwithstanding anything contained herein to the contrary, contrary the maximum amount of principal indebtedness secured by this Mortgage at the time of execution hereof or which under any contingency may become secured hereby by this Mortgage at any time hereafter hereinafter is Seventy Seven Million Dollars ($21,060,912.5777,000,000), plus interest thereon, plus all amounts expended by the Mortgagee after default by the Mortgagor which constitute payment of (ia) taxes, charges or assessments Impositions which may be imposed by law upon on the Mortgaged Property; , (iib) premiums on insurance policies covering the Mortgaged Property; , (iiic) expenses incurred in protecting or upholding the lien of this Mortgage, including, but not limited to (i) the expenses of any litigation to prosecute or defend the rights and lien created by this Mortgage; , (iv) expenses incurred in protecting the collateral encumbered by this Mortgage; or (vii) any amount, cost or charge charges to which the Mortgagee becomes subrogated subrogated, upon payment, whether under recognized principles of law or equity, or under express statutory authorityauthority and (iii) interest at the Default Rate.