Common use of Property Mortgaged Clause in Contracts

Property Mortgaged. Borrower does hereby irrevocably, unconditionally and absolutely mortgage, grant, bargain, sell, pledge, enfeoff, assign, warrant, transfer and convey to Lender (with power of sale), and does hereby grant a first priority security interest to Lender in, the following property, rights, interests and estates now owned, or hereafter acquired, by Borrower (collectively, the “Property”):

Appears in 2 contracts

Sources: Mortgage, Assignment of Leases and Rents, Security Agreement, and Fixture Filing (Reading International Inc), Mortgage and Security Agreement (Gladstone Commercial Corp)

Property Mortgaged. Borrower does hereby irrevocably, unconditionally and absolutely mortgage, grant, bargain, sell, pledge, enfeoff, assign, warrant, transfer and convey to Lender (with power of sale), and does hereby grant a first priority security interest to Lender in, the following property, rights, interests and estates now owned, or hereafter acquired, by Borrower (collectively, the “Property”"PROPERTY"):

Appears in 1 contract

Sources: Open End Mortgage and Security Agreement (First Union Real Estate Equity & Mortgage Investments)

Property Mortgaged. Borrower does hereby irrevocably, unconditionally and absolutely irrevocably mortgage, grant, bargain, sell, pledge, enfeoff, assign, warrant, transfer and convey to Lender (with power of sale)Lender, and does hereby grant a first priority security interest to Lender in, with power of sale, all of Borrower's right, title and interest in and to the following property, rights, interests and estates now owned, owned or hereafter acquiredacquired by Borrower, by Borrower whether now existing or hereafter created (collectively, the "Property"):

Appears in 1 contract

Sources: Mortgage, Security Agreement and Fixture Filing (Excal Enterprises Inc)

Property Mortgaged. Borrower does hereby irrevocably, unconditionally and absolutely mortgage, grant, bargain, sell, pledge, enfeoff, assign, warrant, transfer and convey to Lender (with power of sale), and does hereby grant a first priority security interest to Lender in, the following property, rights, interests and estates now owned, or hereafter acquired, by Borrower (collectively, the "Property"):

Appears in 1 contract

Sources: Mortgage and Security Agreement (Fairchild Corp)