Other Mortgages Clause Samples

Other Mortgages. Those certain other mortgages and deeds of trust dated as of the date of this Instrument, executed by one or more of Related Borrowers, for the benefit of Lender, securing the Other Obligations and encumbering the Other Properties.

Other Mortgages. Those certain other deeds of trust executed by one or more of Related Borrowers, for the benefit of Lender, securing the Other Obligations and encumbering the Other Properties.

Other Mortgages. To perform all of Borrower’s obligations and duties under any mortgage or security agreement on the Property and any obligation to pay secured by such a mortgage or security agreement; provided, however, Borrower shall not grant any other mortgage on or security in all or any portion of the Property without first obtaining the prior written consent of Mortgagee, which consent Mortgagee may grant or withhold in its sole discretion.

Other Mortgages. Except as herein otherwise provided to the contrary, if there should occur a default which is not cured within the applicable grace period, if any, under any other mortgage encumbering all or part of the Mortgaged Property regardless of whether any such other mortgage is prior or subordinate to this Mortgage; it being further agreed by Borrower that an Event of Default under this Mortgage shall constitute an Event of Default under any such other mortgage in respect of the Mortgaged Property held by Lender; or

Other Mortgages. Please give the name of the lender

Other Mortgages. Trustors shall fully perform and satisfy all covenants, conditions and obligations of Trustors under any and all mortgages and deeds of trust ("Mortgages"), now or hereafter encumbering any portion of the property encumbered by this Deed of Trust, including, but not limited to, that certain Deed of Trust of even date herewith by Trustors in favor of Bank of America securing an original principal amount of Seven Hundred Fifty Thousand DOllars ($750,000), (the "First Deed of Trust") and Trustors shall not cause or permit the aggregate indebtedness secured by the First Deed of Trust to exceed the amount of such indebtedness as of the date hereof. The occurrence of any default or event of default under any Mortgages and the existence of any indebtedness in excess of such amount shall each automatically constitute an immediate, material default under this Deed of Trust and shall entitle Beneficiary to exercise any and all rights and remedies under this Deed of Trust without first having given Trustors any notice of, or opportunity to cure, such default. In the event of any default by Trustor under any such Mortgages, Beneficiary may, in its discretion, cure such default, and the amounts paid and costs incurred by Beneficiary in connection with such cure shall be reimbursed to Beneficiary by Trustor upon demand, with interest thereon from the date incurred by Beneficiary until repaid at the default rate stated in the Note.

Other Mortgages. If either the Borrower or its respective Subsidiary has not (i) entered into a definitive purchase contract with a purchaser within 90 days after the Closing Date or (ii) effected a sale within 180 days thereof, in either case, with respect to the respective real estate listed on Part II of Schedule X, then the Borrower shall, or shall cause its respective Subsidiary to, as soon as practicable but in any event within 90 days after such respective date, execute and record a mortgage or deed of trust in form and substance satisfactory to the Collateral Agent in favor of the Collateral Agent for the benefit of the Secured Parties with respect to such real estate and, satisfy similar requirements as set forth in Section 6.01(m) with respect to such real estate, including, without limitation, the delivery to the Collateral Agent of title policies and surveys satisfactory to it.

Other Mortgages. Unless otherwise provided by the Agreement and agreed by the Entrusted Lenders in writing, the Borrower will not create other mortgages, pledges, assignments or liens to third parties on the assets of Suo Di, Junjinyuan Phase II Commercial Estate and Project Baqiao A and B (including, and without limitation, the land use right and the buildings thereon under the Land Use Right Certificate owned by Suo Di, the Land Use Right Certificate of Junjinyuan Phase II Commercial Estate and the Land Use Right Certificate of Project Baqiao A and B).

Other Mortgages. A. If foreclosure proceedings should be instituted on any mortgage, either superior or inferior to this Mortgage, or if any foreclosure proceeding is instituted on any lien of any kind, the Mortgagee may, at its option, immediately or thereafter declare this Mortgage and the indebtedness secured hereby due and payable. If there is any mortgage superior to this Mortgage, then failure to pay said mortgage when due and in accordance with its terms or failure to abide by the terms of said mortgage shall be deemed an Event of Default hereunder. Any modification of any mortgage superior to this Mortgage or waiver of any principal or interest payments of any note and mortgage superior to this Mortgage shall constitute an Event of Default hereunder. B. To the extent of the indebtedness of the Mortgagor to the Mortgagee as described herein or secured hereby, the Mortgagee is subrogated to the lien or liens and to the rights of the owners and holders of each and every mortgage, lien or other encumbrance on the property described in Exhibit "A" which is paid and/or satisfied, in whole or in part, out of the proceeds of the loan described herein or secured hereby. The respective liens of said mortgages, liens or other encumbrances shall be preserved and shall pass to and be held by the Mortgagee