Title to Mortgaged Property and Lien of this Instrument. Mortgagor owns the Mortgaged Property free and clear of any liens, claims or interests, except the Permitted Encumbrances. This Mortgage creates a valid, enforceable first priority lien and security interest against the Mortgaged Property, subject to Permitted Encumbrances.
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Samples: Credit and Guaranty Agreement (Simmons Co /Ga/), Credit and Guaranty Agreement (Simmons Bedding Co)
Title to Mortgaged Property and Lien of this Instrument. Mortgagor owns the Mortgaged Property free and clear of any liens, claims or interests, except the Permitted Encumbrancespermitted encumbrances shown on SCHEDULE I attached hereto (the "PERMITTED ENCUMBRANCES"). This Mortgage creates a valid, enforceable [first priority priority] lien and security interest interests against the Mortgaged Property, subject to Permitted Encumbrances.
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Title to Mortgaged Property and Lien of this Instrument. Mortgagor owns the Mortgaged Property free Property, subject to the terms and provisions of the Subject Lease free, and clear of any liens, claims or interests, except the Permitted Encumbrances. This Mortgage creates a valid, enforceable first [first] priority lien and security interest against the Mortgaged Property, subject to Permitted Encumbrances.
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Title to Mortgaged Property and Lien of this Instrument. Mortgagor owns the Mortgaged Property free and clear of any liens, claims or interests, except the Permitted Encumbrances. This Mortgage creates a valid, enforceable first priority lien and security interest against the Mortgaged Property, subject to Permitted Encumbrances.
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