Common use of Title to Mortgaged Property and Lien of this Instrument Clause in Contracts

Title to Mortgaged Property and Lien of this Instrument. Mortgagor has good and marketable title to the Mortgaged Property free and clear of any liens, claims or interests, except the Permitted Encumbrances, and has rights and the power to transfer each item of the Mortgaged Property. This Mortgage creates valid, enforceable first priority liens and security interests against the Mortgaged Property. 

Title to Mortgaged Property and Lien of this Instrument. Mortgagor has good and marketable title to the Mortgaged Property free and clear of any liens, claims or interests, except the Permitted Encumbrances, and has rights and the power to transfer each item of the Mortgaged Property. This Mortgage creates valid, enforceable first priority liens and security interests against the Mortgaged Property. .

Title to Mortgaged Property and Lien of this Instrument. Mortgagor (i) has good and marketable indefeasible title to the Mortgaged Property, in fee simple (to the extent that the Mortgaged Property constitutes real property), free and clear of any liens, claims or interests, except the Permitted Encumbrances, Liens and (ii) has rights full power and the power lawful authority to transfer each item of encumber the Mortgaged PropertyProperty in the manner and form set forth in this Mortgage. This Mortgage creates valid, enforceable first priority liens and security interests against the Mortgaged Property. .

Title to Mortgaged Property and Lien of this Instrument. Mortgagor (i) has good and marketable indefeasible title to the Mortgaged Property, in fee simple (to the extent that the Mortgaged Property constitutes real property), free and clear of any liensLiens, claims or interests, except the Permitted Encumbrances, Real Property Encumbrances and (ii) has rights full power and the power lawful authority to transfer each item of encumber the Mortgaged PropertyProperty in the manner and form set forth in this Mortgage. This Mortgage creates valid, enforceable first priority liens and security interests against the Mortgaged Property. .