Common use of Ownership of the Property Clause in Contracts

Ownership of the Property. You promise that you own all property you give as security or if the Advance is to buy the property, you promise you will use the Advance for that purpose. You promise that no one else has any interest in or claim against the property that you have not already told us about. You promise not to sell or lease the property or to use it as security for a loan with another creditor until the Advance is repaid. You promise you will allow no other security interest or lien to attach to the property either by your actions or by operation of law.

Ownership of the Property. You promise that you own all property the Property you give as security or if the Advance this Loan is to buy the propertyProperty, you promise you will use the Advance proceeds for that purpose. You promise that no one else has any interest in or claim against the property Property that you have not already told us about. You promise not to sell or lease the property Property or to use it as security for a loan with another creditor until the Advance Loan is repaid. You promise you will allow no other security interest or lien to attach to the property Property either by your actions or by operation of law.

Ownership of the Property. You promise that you You own all property you the Property You give as security or if the this Loan/Advance is to buy the propertyProperty, you You promise you You will use the Advance proceeds for that purpose. You promise that no one else has any interest in or claim against the property Property that you You have not already told us Us about. You promise not to sell or lease the property Property or to use it as security for a loan with another creditor until the Loan/Advance is repaid. You promise you You will allow no other security interest or lien to attach to the property Property either by your Your actions or by operation of law.

Ownership of the Property. You promise that you own all the property you give as security or if the Advance is to buy the property, you promise you will use the Advance for that purpose. You promise that no one else has any interest in or claim against the property that you have not already told us about. You promise not to sell or lease the property or to use it as security for a loan with another creditor until the Advance advance is repaid. You promise you will allow no other security interest or lien to attach to the property either by your actions or by operation of law.