Mortgage Covenants ensure that the Borrower always comply with all the covenants provided for in the Mortgage registered over the Vessel;
Mortgage Covenants. The Borrower shall perform all covenants by it to be performed under the Mortgage and any supplemental mortgage.
Mortgage Covenants. This Mortgage is granted with mortgage covenants (upon the “statutory mortgage condition” for the breach of which this Mortgage is subject to foreclosure in accordance with New Mexico law). All covenants in this Mortgage are a part of the “statutory mortgage condition.” To the extent that the incorporated terms of the “statutory mortgage condition” as set forth in XXXX 0000, Section 47-1-41, conflict with the express terms of this Mortgage, the express terms of this Mortgage shall prevail and control.
Mortgage Covenants. 7.1 Covenants of the VIRL. From the date of this agreement and thereafter until the indebtedness is paid in full:
Mortgage Covenants. In addition to warranties otherwise set out in this Security Instrument, the grant of the mortgage described in this Security Instrument is made with warranty covenants as set out in NMSA 1978, § 47-1-40. BY SIGNING XXXXX, Xxxxxxxx accepts and agrees to the terms and covenants contained in this Security Instrument and in any Rider signed by Xxxxxxxx and recorded with it. Witnesses: _________________________________ ______________________________ (Seal) -Borrower _________________________________ ______________________________ (Seal) -Borrower __________________ [Space Below This Line For Acknowledgment] __________________ NEW MEXICO--Single Family--Xxxxxx Xxx/Freddie Mac UNIFORM INSTRUMENT Form 3032 07/2021
Mortgage Covenants. Borrower and Guarantor shall comply with all of the terms and conditions and covenants in the Security Instruments, the Environmental Indemnity and the other Loan Documents.
Mortgage Covenants. Mortgagor hereby covenants with Mortgagee that Mortgagor is the true, sole and lawful owner of the Premises, is lawfully seized and possessed of the same in fee simple and has good right, full power and lawful authority to grant, bargain, sell and convey the Premises in manner aforesaid; that Mortgagee shall at all times hereafter, by virtue of these presents, lawfully, peaceably and quietly have and enjoy the Premises; that the same are free from all encumbrances, excepting only the mortgage granted by Mortgagor to of even date herewith (hereinafter referred to as “Senior Mortgage”) and other encumbrances set forth in Exhibit A; and that Mortgagor will warrant and defend the Premises to Mortgagee against the lawful claims or demands of all persons whatsoever, excepting only as aforesaid.
Mortgage Covenants. In the performance of its duties under this Agreement Manager will not knowingly do the following on behalf of the Owner: • Cause or permit the operation of the Vessels in any manner contrary to the applicable treaty or law or the transport of any cargo, which may expose the Vessel to penalties, seizure or arrest. • Operate the Vessels in a way that would be inconsistent with applicable laws, rules and regulations, international treaties and conventions, in force or issued from time to time. • Permit the Vessels to be operated in territorial waters of any country where their security may be jeopardized. • Cause the Vessels to be employed in any business, activity or operation that might result in their seizure, arrest, sequestration or destruction. • Charter the Vessels to carry unlawful cargoes.
Mortgage Covenants. 85 Section 5.25 Appraisals..................................................... 85 Section 5.26 Maintenance of Control......................................... 86 Section 5.27 Maintenance of Intercompany Debt............................... 86 Section 5.28 Transfer of Licenses........................................... 86
