Common use of Additions to Mortgaged Property Clause in Contracts

Additions to Mortgaged Property. It is understood and agreed that Mortgagors may periodically subject additional properties to the Lien of this Mortgage. In the event that additional properties are to be subjected to the Lien hereof, the parties hereto agree to execute a supplemental mortgage, satisfactory in form and substance to Mortgagee, together with any security agreement, financing statement or other security instrument required by Mortgagee, all in form and substance satisfactory to Mortgagee and in a sufficient number of executed (and, where necessary or appropriate, acknowledged) counterparts for recording purposes. Upon execution of such supplemental mortgage, all additional properties thereby subjected to the Lien of this Mortgage shall become part of the Mortgaged Property for all purposes.

Appears in 5 contracts

Sources: Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production (New Century Energy Corp.), Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production (New Century Energy Corp.), Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production (New Century Energy Corp.)

Additions to Mortgaged Property. It is understood and agreed that Mortgagors the Mortgagor may periodically subject additional properties to the Lien lien and security interest of this Mortgage. In the event that additional properties are to be subjected to the Lien lien and security interest hereof, the parties hereto agree to execute a supplemental mortgage, satisfactory in form and substance to the Mortgagee, together with any security agreement, financing statement or other security instrument required by the Mortgagee, all in form and substance satisfactory to the Mortgagee and in a sufficient number of executed (and, where necessary or appropriate, acknowledged) counterparts for recording purposes. Upon execution of such supplemental mortgage, all additional properties thereby subjected to the Lien lien and security interest of this Mortgage shall become part of the Mortgaged Property for all purposes.

Appears in 4 contracts

Sources: Credit Agreement (Lilis Energy, Inc.), Mortgage, Security Agreement, Assignment of Production, Fixture Filing and Financing Statement (Lilis Energy, Inc.), Mortgage, Security Agreement, Fixture Filing and Financing Statement (Lilis Energy, Inc.)

Additions to Mortgaged Property. It is understood and agreed that Mortgagors each Mortgagor may periodically subject additional properties to the Lien of this Mortgage. In the event that additional properties are to be subjected to the Lien hereof, the parties hereto agree to execute a supplemental mortgage, satisfactory in form and substance to Mortgagee, together with any security agreement, financing statement or other security instrument required by Mortgagee, all in form and substance satisfactory to Mortgagee and in a sufficient number of executed (and, where necessary or appropriate, acknowledged) counterparts for recording purposes. Upon execution of such supplemental mortgage, all additional properties thereby subjected to the Lien of this Mortgage shall become part of the Mortgaged Property for all purposes.

Appears in 2 contracts

Sources: Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production (Petrol Oil & Gas Inc), Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production (Petrol Oil & Gas Inc)

Additions to Mortgaged Property. It is understood and agreed that Mortgagors ▇▇▇▇▇▇▇▇▇ may periodically subject additional properties to the Lien of this Mortgage. In the event that additional properties are to be subjected to the Lien hereof, the parties hereto agree to execute a supplemental mortgage, satisfactory in form and substance to Mortgagee, together with any security agreement, financing statement or other security instrument required by Mortgagee, all in form and substance satisfactory to Mortgagee and in a sufficient number of executed (and, where necessary or appropriate, acknowledged) counterparts for recording purposes. Upon execution of such supplemental mortgage, all additional properties thereby subjected to the Lien of this Mortgage shall become part of the Mortgaged Property for all purposes.

Appears in 2 contracts

Sources: Mortgage, Security Agreement, Financing Statement and Assignment of Production (EnerJex Resources, Inc.), Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production (Quest Resource Corp)

Additions to Mortgaged Property. It is understood and agreed that Mortgagors Mortgagor may periodically subject additional properties to the Lien of this Mortgage. In the event that additional properties are to be subjected to the Lien hereof, the parties hereto agree to execute a supplemental mortgage, satisfactory in form and substance to Mortgagee, together with any security agreement, financing statement or other security instrument required by Mortgagee, all in form and substance satisfactory to Mortgagee and in a sufficient number of executed (and, where necessary or appropriate, acknowledged) counterparts for recording purposes. Upon execution of such supplemental mortgage, all additional properties thereby subjected to the Lien of this Mortgage shall become part of the Mortgaged Property for all purposes.

Appears in 2 contracts

Sources: Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production (Chaparral Energy, Inc.), Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production (New Century Energy Corp.)

Additions to Mortgaged Property. It is understood and agreed that Mortgagors Mortgagor may periodically subject additional properties to the Lien of this Mortgage. In the event that additional properties are to be subjected to the Lien hereof, the parties hereto agree to execute a supplemental mortgage, satisfactory in form and substance to Mortgagee, together with any security agreement, financing statement or other security instrument required by Mortgagee, all in form and substance satisfactory to Mortgagee and in a sufficient number of executed (and, where necessary or appropriate, acknowledged) counterparts for recording purposes. Upon execution of such supplemental mortgage, all additional properties thereby subjected to the Lien of this Mortgage mortgage shall become part of the Mortgaged Property for all purposes.

Appears in 1 contract

Sources: Mortgage, Security Agreement, Financing Statement and Assignment of Production (Texhoma Energy Inc)