Common use of Valid First Lien Clause in Contracts

Valid First Lien. The Mortgage is a valid, subsisting, enforceable and perfected first lien (with respect to each First Lien Mortgage Loan) or second lien (with respect to each Second Lien Mortgage Loan) on the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Valid First Lien. The Mortgage is a valid, subsisting, enforceable and perfected first lien (with respect to each First Lien first lien Mortgage Loan) or second , first priority lien (with respect to each Second Lien Mortgage Loan) and first priority security interest on the real property included in the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Valid First Lien. The Mortgage is a valid, subsisting, enforceable and perfected first lien (with respect to each First Lien Mortgage Loan) or second lien (with respect to each Second Lien Mortgage Loan) on the Mortgaged Property, Property including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. There is no delinquent tax or assessment Lien against the Mortgaged Property, and the Seller has paid all property tax bills. The lien Lien of the Mortgage is subject only to:

Valid First Lien. The Mortgage is a valid, subsisting, enforceable and perfected first lien (a) with respect to each First Lien first lien Mortgage Loan) or second , first priority lien (with respect to each Second Lien Mortgage Loan) and first priority security interest, on the real property included in the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Valid First Lien. The Mortgage is a valid, subsisting, enforceable and perfected perfected, first lien (with respect to each First Lien Mortgage Loan) or second lien (with respect to each Second Lien Mortgage Loan) on the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Valid First Lien. The Mortgage is a valid, subsisting, enforceable and perfected first lien (a) with respect to each First Lien first lien Underlying Mortgage Loan) or second , first priority lien (with respect to each Second Lien Mortgage Loan) and first priority security interest, on the real property included in the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Valid First Lien. The Mortgage is a valid, subsisting, enforceable and perfected first lien (and, with respect to each First Mortgage Loans other than Second Lien Mortgage Loan) or second Loans, perfected first priority lien (and first priority security interest or, with respect to each Second Lien Mortgage Loan) Loans, a second lien or a second priority security interest, in each case, on the real property included in the Mortgaged Property, including all buildings and improvements on the Mortgaged Property. The appraisal of the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in does not list any material repair or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoingmaintenance items. The lien of the Mortgage is subject only to:

Valid First Lien. The Mortgage is a valid, subsisting, enforceable and perfected first lien (a) with respect to each First Lien first lien Mortgage Loan) or second , first priority lien (with respect to and first priority security interest, in each Second Lien Mortgage Loan) case, on the real property included in the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Valid First Lien. The Mortgage is a valid, subsisting, enforceable and perfected first lien (with respect to each First Lien Mortgage Loan) or second lien (with respect to each Second Lien Mortgage Loan) on the Mortgaged Property, Property including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. There is no delinquent tax or assessment Lien against the Mortgaged Property, and the applicable Seller has paid all property tax bills. The lien Lien of the Mortgage is subject only to: