Common use of Secured Advances Clause in Contracts

Secured Advances. The Grantor and the Grantee intend and agree that the indebtedness secured hereby (which shall consist of unpaid balances of advances, whether obligatory or not, made either before or after the recording of this Mortgage), exclusive of interest thereon, shall not exceed [$ .00 plus Swap Exposure]. In addition to any other debt or obligation secured hereby, this Mortgage shall also secure unpaid balances of advances heretofore and hereafter made with respect to the Mortgaged Property, for the payment of taxes, assessments, insurance premiums or cost incurred for the protection of the Mortgaged Property.

Secured Advances. The Grantor and the Grantee intend and agree that the indebtedness secured hereby (which shall consist of unpaid balances of advances, whether obligatory or not, made either before or after the recording of this Mortgage), exclusive of interest thereon, shall not exceed [$ .00 $9,000,000.00 plus Swap Exposure]. In addition to any other debt or obligation secured hereby, this Mortgage shall also secure unpaid balances of advances heretofore and hereafter made with respect to the Mortgaged Property, for the payment of taxes, assessments, insurance premiums or cost incurred for the protection of the Mortgaged Property.