Mortgage Note Documents definition
Examples of Mortgage Note Documents in a sentence
THE SECURED PARTY MAKES NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, (a) AS TO THE TITLE, VALUE, CONDITION, DESIGN, OPERATION, MERCHANTABILITY OR FITNESS FOR USE OF THE COLLATERAL, OR ANY OTHER REPRESENTATION OF WARRANTY WITH RESPECT TO THE COLLATERAL WHATSOEVER, (b) as to the validity or enforceability of this Security Agreement, the other Security Documents, the Mortgage Notes or the other Mortgage Note Documents, or (c) as to the correctness of any statement contained in any thereof.
Any provision in this Security Agreement, or the other Security Documents, the Mortgage Notes and the Mortgage Note Documents referring to action to be taken by any Person, or that such Person if prohibited from taking, shall be applicable whether such action is taken directly or indirectly by such Person.
This Security Agreement, together with all exhibits and schedules hereto, the other Security Documents, the Mortgage Notes and the Mortgage Note Documents constitute the entire agreement among the parties hereto pertaining to the subject matter hereof and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, of the parties.
No waiver by the Secured Party of any Default or Event of Default shall be deemed to be a waiver of any other or similar, previous or subsequent Default or Event of Default or affect or alter this Security Agreement or the other Mortgage Note Documents which shall continue in full force and effect.
The Secured Party shall exercise such rights and apply such payments in accordance with the terms and conditions of this Security Agreement, Mortgage Note Documents and the Deeds of Trust.
Any action, suit or proceeding brought by the Secured Party pursuant to any of the terms of this Security Agreement, the other Mortgage Note Documents or otherwise, and any claim made by the Secured Party hereunder or thereunder, may be compromised, withdrawn or otherwise dealt with by the Secured Party upon notice to, but without approval of, the Company.
The Borrower has issued, pursuant to due authorization, the Senior Indebtedness under the applicable First Mortgage Note Documents, and such First Mortgage Note Documents constitute the legal, valid and binding obligations of the Borrower enforceable against the Borrower in accordance with its terms (except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization or similar laws affecting creditors' rights generally and by principles of equity).