Common use of Obligations Unsecured Clause in Contracts

Obligations Unsecured. Indemnitors acknowledge that even though the representations, warranties and covenants of Indemnitors contained herein may be identical or substantially similar to those of Borrower set forth in the Security Instrument, the obligations of Indemnitors hereunder are independent obligations which are not secured by the Security Instrument or the other Loan Documents. The Indemnitors further acknowledge that it is the intent of Lender to create separate obligations of Indemnitors hereunder which can be enforced against Indemnitors without regard to the existence of the Security Instrument or the other Loan Documents or the liens or security interests created therein.

Obligations Unsecured. Indemnitors acknowledge that even though the representations, warranties and covenants of Indemnitors contained herein may be identical or substantially similar to those of Borrower set forth in the Security InstrumentMortgage, the obligations of Indemnitors hereunder are independent obligations which are not secured by the Security Instrument Mortgage or the other Loan Documents. The Indemnitors further acknowledge that it is the intent of Lender to create separate obligations of Indemnitors hereunder which can be enforced against Indemnitors without regard to the existence of the Security Instrument Mortgage or the other Loan Documents or the liens or security interests created therein.