Common use of Mortgage Loan Clause in Contracts

Mortgage Loan. An acquisition, development and construction loan in the principal amount not to exceed $28,357,000.00 from Mortgage Lender which is secured by a first mortgage encumbering the Project, as modified and amended from time to time.

Mortgage Loan. An acquisition, development and construction loan in the principal amount not to exceed $28,357,000.00 18,571,300.00 from Mortgage Lender which is secured by a first mortgage encumbering the Project, as modified and amended from time to time.

Mortgage Loan. An acquisition, development and construction loan in the principal amount not to exceed $28,357,000.00 25,864,618.00 from Mortgage Lender which is secured by a first mortgage encumbering the Project, as modified and amended from time to time.

Mortgage Loan. An acquisition, development and construction loan in the principal amount not to exceed $28,357,000.00 10,000,000.00 from Mortgage Lender which is secured by a first mortgage encumbering the Project, as modified and amended from time to time.

Mortgage Loan. An acquisition, development and construction loan in the principal amount not to exceed $28,357,000.00 12,384,000.00 from Mortgage Lender which is secured by a first mortgage encumbering the Project, as modified and amended from time to time.

Mortgage Loan. An acquisition, development and construction loan in the principal amount not to exceed $28,357,000.00 24,999,999.00 from Mortgage Lender which is secured by a first mortgage encumbering the Project, as modified and amended from time to time.

Mortgage Loan. An acquisition, development and construction loan in the principal amount not to exceed $28,357,000.00 31,658,000.00 from Mortgage Lender which is secured by a first mortgage encumbering the Project, as modified and amended from time to time, the terms of which shall be subject to Lender’s prior written consent, and which shall in any event be subject to the prior execution and delivery of an Intercreditor Agreement.