Common use of Mortgage Conditions Clause in Contracts

Mortgage Conditions. This Mortgage and Security Agreement is upon the STATUTORY CONDITIONS, upon breach of which or on any breach of this Mortgage and Security Agreement, the Mortgagee shall have the STATUTORY POWER OF SALE.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Brookstone Inc)

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Mortgage Conditions. This Mortgage and Mortgage, Security Agreement and Assignment is upon the STATUTORY CONDITIONSCONDITION and upon the further condition that the Mortgagor comply with all the terms and provisions of the Note and this Agreement, upon breach of which or on any breach of this Mortgage and Security Agreementconditions, the Mortgagee shall have the STATUTORY POWER OF SALE.

Appears in 1 contract

Samples: Zoom Telephonics Inc

Mortgage Conditions. This Mortgage and Mortgage, Security Agreement and Assignment is given upon the STATUTORY CONDITIONSCONDITION, upon breach of which or on any breach of this Mortgage and Security Agreementwhich, the Mortgagee shall have the STATUTORY POWER OF SALE.

Appears in 1 contract

Samples: Mortgage, Security Agreement, and Assignment (AdvanSource Biomaterials Corp)

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Mortgage Conditions. This Mortgage and Mortgage, Security Agreement and Assignment is upon the STATUTORY CONDITIONSCONDITION, upon breach of which or on any breach of this Mortgage and Security Agreementwhich, the Mortgagee shall have the STATUTORY POWER OF SALE.

Appears in 1 contract

Samples: Mortgage, Security Agreement (Dynamics Research Corp)

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