Common use of Add to Secured Indebtedness Clause in Contracts

Add to Secured Indebtedness. All obligations so paid or incurred by ▇▇▇▇▇▇ shall be reimbursed or paid for by ▇▇▇▇▇▇▇▇▇ upon demand and prior to the repayment thereof shall be added to the debt secured hereby and shall bear interest at the Default Rate (as defined below), and shall be secured hereby equally and ratably. Lender may also reimburse itself therefor from the income or receipts of the Property or any business conducted thereon, or from the sale of all or any portion of the Property. Lender may also apply toward any of the Obligations any tax or insurance reserve account, deposit (but subject to the prior rights of tenants therein as to tenants’ security deposits and subject to applicable law) or any sum credited or due from Lender to Mortgagor without first enforcing any other rights of Lender against Mortgagor or against any endorser or guarantor of any of the Obligations or against the Property; or

Add to Secured Indebtedness. All obligations so paid or incurred by ▇▇▇▇▇▇ shall be reimbursed or paid for by ▇▇▇▇▇▇▇▇▇ upon demand and prior to the repayment thereof shall be added to the debt secured hereby and shall bear interest at the Default Rate (as defined below), and shall be secured hereby equally and ratably. Lender may also reimburse itself therefor from the income or receipts of the Property or any business conducted thereon, or from the sale of all or any portion of the Property. Lender may also apply toward any of the Obligations any tax or insurance reserve account, deposit (but subject to the prior rights of tenants therein as to tenants’ security deposits and subject to applicable lawApplicable Law) or any sum credited or due from Lender to Mortgagor without first enforcing any other rights of Lender against Mortgagor or against any endorser or guarantor of any of the Obligations or against the Property; or