Last Dollars Secured; Priority. To the extent that this Mortgage secures only a portion of the Obligations owing or which may become owing by Mortgagor to the Secured Parties, the parties agree that any payments or repayments of any Extensions of Credit shall be and be deemed to be applied first to the portion of the Extensions of Credit that are not secured hereby, it being the parties’ intent that the portion of the Extensions of Credit last remaining unpaid shall be secured hereby. If at any time this Mortgage shall secure less than all of the principal amount of the Obligations, it is expressly agreed that any repayments of the principal amount of the Obligations shall not reduce the amount of the lien of this Mortgage until such lien amount shall equal the principal amount of the Obligations outstanding.
Last Dollars Secured; Priority. To the extent that this Mortgage secures only a portion of the indebtedness owing or which may become owing by Mortgagor to the Secured Parties, the parties agree that any payments or repayments of such indebtedness shall be and be deemed to be applied first to the portion of the indebtedness that is not secured hereby, it being the parties’ intent that the portion of the indebtedness last remaining unpaid shall be secured hereby.
Last Dollars Secured; Priority. If at any time this Mortgage shall secure less than all of the principal amount of the Secured Obligations, it is expressly agreed that any repayments of the principal amount of the Secured Obligations shall not reduce the amount of the Lien of this Mortgage until the Lien amount shall equal the principal amount of the Secured Obligations outstanding.
Last Dollars Secured; Priority. This Mortgage secures only a portion of the Obligations owing or which may become owing by the Mortgagor to the Secured Parties. The parties agree that any payments or repayments of such Obligations shall be and be deemed to be applied first to the portion of the Obligations that is not secured hereby, it being the parties’ intent that the portion of the Obligations last remaining unpaid shall be secured hereby. If at any time this Mortgage shall secure less than all of the principal amount of the Obligations, it is expressly agreed that any repayments of the principal amount of the Obligations shall not reduce the amount of the lien of this Mortgage until the lien amount shall equal the principal amount of the Obligations outstanding.](3)
Last Dollars Secured; Priority. This Deed of Trust secures only a portion of the Indebtedness owing or which may become owing by the Grantor to the Banks. The parties agree that any payments or repayments of such Indebtedness shall be and be deemed to be applied first to the portion of the Indebtedness that is not secured hereby, it being the parties' intent that the portion of the Indebtedness last remaining unpaid shall be secured hereby.
Last Dollars Secured; Priority. Pursuant to Section 00-00-000 of Tennessee Code Annotated, this Deed of Trust secures future advances which are "obligatory
Last Dollars Secured; Priority. 15 31. RELEASE......................................................... 15 MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT OF LEASES AND RENTS, AND FIXTURE FILING
Last Dollars Secured; Priority. This Mortgage secures only a portion of the Indebtedness owing or which may become owing by the Mortgagor to the Banks. The parties agree that any payments or repayments of such Indebtedness shall be and be deemed to be applied first to the portion of the Indebtedness that is not secured hereby, it being the parties' intent that the portion of the Indebtedness last remaining unpaid shall be secured hereby. This Mortgage has been duly executed by Mortgagor as of the date first above written. NUEVO SOL TURF CLUB INC. By: /S/ Xxxxx X. Xxxxxxxxxx ---------------------------------------- Name: Xxxxx X. Xxxxxxxxxx Title: Treasurer STATE OF MONTANA ) ) ss.: COUNTY OF GALLATIN )
Last Dollars Secured; Priority. If at any time this Deed of Trust shall secure less than all of the principal amount of the Secured Obligations, it is expressly agreed that any repayments of the principal amount of the Secured Obligations shall not reduce the amount of the Lien of this Deed of Trust until the Lien amount shall equal the principal amount of the Secured Obligations outstanding.
Last Dollars Secured; Priority. 16 35. Release..............................................................16 36. Inconsistency with Loan Agreement....................................17 37. Loan Agreement.......................................................17 38. No Merger of Estates.................................................17 39.
