Mortgage and Security Agreement. A first Mortgage and Security Agreement on property located at 000 Xxx Xxxxx Xxxxxx, Xxxxxxxx Xxxx, Xxxxxxxx 00000.
Mortgage and Security Agreement. The Mortgage is hereby amended to also secure payment of the additional advances made in the amount of Thirty Thousand Dollars ($30,000.00). Accordingly, the Mortgage secures the original principal amount of $225,914.00 plus the additional increase of $30,000 for the entire Note amount of $255,914.00.
Mortgage and Security Agreement. A first priority (subject only to Permitted Title Exceptions) mortgage, security agreement and fixture filing (the “Mortgage”) with respect to (i) the Property, (ii) all land, improvements, furniture, fixtures, goods, equipment, and other assets (including, without limitation, accounts, contracts, contract rights, Licenses and Permits, general intangibles, documents and instruments), including all after-acquired property, owned, or in which Borrower has or obtains any interest, in connection with the Property; (iii) all insurance proceeds and other proceeds therefrom, and (iv) all other assets of Borrower whether now owned or hereafter acquired.
Mortgage and Security Agreement. The Mortgage Note, together with all of the Borrower's other obligations under this Note, shall be secured by a Mortgage and Security Agreement executed simultaneously herewith.
Mortgage and Security Agreement. A first priority mortgage and security agreement (“Mortgage”) on (i) the Property, (ii) all land, improvements, furniture, fixtures, goods, equipment, and other assets (including, without limitation, accounts, contracts, contract rights, Licenses and Permits, general intangibles, documents and instruments), including all after-acquired property, owned, or in which Borrower has or obtains any interest, in connection with the Property; (iii) all insurance proceeds and other proceeds therefrom, and (iv) all other assets of Borrower whether now owned or hereafter acquired and related to the Property.
Mortgage and Security Agreement. A Mortgage and Security Agreement duly executed by the Seller and delivered to the Buyer; together with an undertaking by the Seller to (i) file within the time proscribed by law for perfecting the Buyer's security interest in the Collateral, and deliver to the Buyer acknowledgment copies of the Financing Statements (UCC-1) duly filed under the Uniform Commercial Code of all jurisdictions necessary or, in the opinion of the Buyer, desirable to perfect the security interest created by the Security Agreement, and (ii) certified copies of Request for Copies or Information (Form UCC-11) identifying all of the financing statements on file with respect to the Seller in all jurisdictions referred to under (i), including the Financing Statement filed by the Buyer against the Seller's, indicating that no party claims an interest in any of the Collateral except as set forth on Schedule II;
Mortgage and Security Agreement. The indebtedness represented by this Note is secured pursuant to (i) a Mortgage dated the date hereof (the "Mortgage") granting to Lender a prior and perfected first lien security interest to secure the payment of this Note against the approximately 3.673 acres of real property located in Xxxxxxxxx Xxxxx Parish, Louisiana owned by the Borrower ("Disposal Well Property") and a second lien to secure the payment of this Note against the approximately 38 acres of real property located in Xxxxxxxxx Xxxxx Parish, Louisiana owned by the Borrower ("Refinery Property"), and (ii) a Security Agreement dated the date hereof (the "Security Agreement") granting to Lender a prior and perfected first lien security interest to secure the payment of this Note against the tangible personal property associated with the Disposal Well Property and owned by the Borrower, and a second lien to secure the payment of this Note against the tangible personal property associated with the Refinery Property and owned by the Borrower. As set forth in the Mortgage and Security Agreement and further acknowledged herein, in the event that the Borrower grants to Rio Vista or any of its affiliates a future security interest in the Refinery Property and associated tangible personal property owned by the Borrower ("Rio Vista Security Interest"), as security for a loan not in excess of the total aggregate amount of $4,000,000.00 (including but not limited to all principal advances, interest, default interest, attorneys fees, costs, collection costs and expenses), then the Rio Vista Security Interest shall be treated pari passu with the Lender's rights in and to the Refinery Property and associated personal property owned by the Borrower, as granted in the Mortgage and Security Agreement. BORROWER: By: LAZARUS LOUISIANA REFINERY II, LLC By:____________________________________ Xxxxxxxx X. Xxxxxxx Director / Manager THE STATE OF TEXAS ss. ss. COUNTY OF XXXXXX xx. BEFORE ME, the undersigned authority, on this day personally appeared XXXXXXXX X. XXXXXXX, known to me to be the person(s) whose names are subscribed to the foregoing instrument, and acknowledged to me that they executed the same for the purposes and consideration therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE, this ____ day of July, 2009. [SEAL] Notary Public in and for the State of Texas Printed Name of Notary My Commission Expires:
Mortgage and Security Agreement. A mortgage and security agreement encumbering the Property which, upon recordation, shall constitute a first lien on the Property (the "Mortgage") and which Mortgage shall be in a form satisfactory to Lender and shall be subject only to those exceptions and matters satisfactory to Lender.
Mortgage and Security Agreement. For valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower hereby grants, with MORTGAGE COVENANTS, to BANK OF AMERICA, N.A., a national banking association with an office at 000 Xxxxx Xxxxxx, Xxxxxxxxx, Xxxxxxxxxxxxx 00000 (together with any other holder or holders from time to time of the Note hereinafter defined, sometimes herein referred to as the “Bank”), so much of the “Mortgaged Property” as constitutes the “Premises”, and grants to the Bank a first security interest in so much of the Mortgaged Property as constitutes the “Collateral” all as hereinafter defined, in all proceeds of insurance from any damage to the Mortgaged Property and in all awards for condemnations or takings of all or any portion of the Mortgaged Property or any interest therein by eminent domain, all to secure the following obligations of the Borrower to the Bank, which obligations are collectively referred to herein as the “Mortgage Debt,” namely:
Mortgage and Security Agreement. Debtor hereby mortgages, conveys, assigns, warrants and grants a security interest to Secured Party in all of the property, including royalty interests, working interest, partnership interests and limited partnership interests in certain oil and gas xxxxx and production units described in Schedule "A" attached hereto, whether now owned or hereafter acquired (herein referred to as the "Collateral"), and any proceeds therefrom, together with all of the Debtor's interest in the following:
