Statutory Construction. Mortgagor, on behalf of itself and all persons now or hereafter interested in the Property, voluntarily and knowingly hereby: acknowledges that the transaction of which this Mortgage is a part is a transaction which does not include either agricultural real estate (as defined in the Illinois Mortgage Foreclosure Law, Illinois Compiled Statutes (“ILCS”) Chapter 735, Section 5/15-1101 et seq., herein the “Act”), or residential real estate (as defined in the Act).
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Sources: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Radnor Holdings Corp), Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Styrochem U S LTD)
Statutory Construction. Mortgagor, on behalf of itself and all persons now or hereafter interested in the Property, voluntarily and knowingly hereby: acknowledges that the transaction of which this Mortgage is a part is a transaction which does not include either agricultural real estate (as defined in the Illinois Mortgage Foreclosure Law, Illinois Compiled Statutes (“"ILCS”") Chapter 735, Section 5/15-1101 et seq., herein the “"Act”"), or residential real estate (as defined in the Act).
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