Common use of Title to Mortgaged Property Clause in Contracts

Title to Mortgaged Property. Mortgagor represents, warrants, covenants and agrees Mortgagor shall at all times remain the legal and beneficial owner of good and marketable indefeasible title in fee simple absolute to all of the Mortgaged Property.; Mortgagor has full power and authority to grant the Mortgaged Property as provided in this Mortgage and will forever warrant and defend its grant made herein against any and all claims and demands whatsoever, except as specifically provided in this Mortgage.

Appears in 7 contracts

Samples: Note Purchase Agreement (World Racing Group, Inc.), Mortgage Agreement (World Racing Group, Inc.), Mortgage and Security Agreement (Dirt Motor Sports, Inc.)

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