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 $106,000,000, together with Interest and late charges thereon to be computed from the date hereof at the rate or rates specified in the Loan Agreement; (a) The amounts paid by Mortgagee for real estate taxes, charges or assessments which are imposed by law upon the Mortgaged Property upon failure of Mortgagor to do so; (b) The amounts paid by Mortgagee for insurance premiums covering the Mortgaged Property upon failure by Mortgagor to do so; (c) Any amount, cost or charge to which Mortgagee becomes subrogated upon payment, provided such payment is made as a result of ▇▇▇▇▇▇▇▇▇'s failure to pay the same and such payment is required hereunder; (d) Expenses incurred in upholding or enforcing 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; and (e) Interest on all of the foregoing amounts in clauses (b) through (e) at such rates as provided for in the Loan Agreement.