Common use of Maximum Amount Secured Clause in Contracts

Maximum Amount Secured. The maximum amount secured by this Mortgage shall include, but not be limited to, the total of all of the following items which may be outstanding at any time: the principal amount of the Note; accrued interest, charges, and fees under the Note; legal fees and costs; collection and foreclosure costs (including appraisals, environmental testing (and remediation, if necessary), brokerage commissions, receiver’s fees, eviction costs, management and marketing fees and expenses, registry recording charges, deed transfer stamps and taxes, commercial advertising costs, and auctioneer fees); all taxes, utility payments, insurance premiums, maintenance costs, tenant improvements, rental incentives, or other amounts advanced by Mortgagee; and all other damages, costs, and expenses to which the holder of a mortgage is entitled under applicable law, and to the extent permitted by law, future advances described in Paragraph 33 above. If the laws of the State in which the Real Estate is located require a stated maximum amount for priority purposes, the maximum amount secured by this Mortgage is Ten Million Dollars ($10,000,000.00).