CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted and described Property unto Trustee for and on behalf of Lender and to the use and benefit of Lender and Trustee and their successors and assigns, forever; PROVIDED, HOWEVER, these presents are upon the express condition that, if Lender shall be well and truly paid the Debt at the time and in the manner provided in the Note, the Loan Agreement and this Security Instrument, if Borrower shall well and truly perform the Other Obligations as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein and in the Note, the Loan Agreement and the other Loan Documents, these presents and the estate hereby granted shall cease, terminate and be void.
Appears in 2 contracts
Sources: Deed of Trust, Security Agreement, Assignment of Leases and Fixture Filing (Medalist Diversified REIT, Inc.), Deed of Trust, Security Agreement, Assignment of Leases and Fixture Filing (Medalist Diversified REIT, Inc.)
CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted and described Property unto Trustee for and on behalf of Lender and to the use and benefit of Lender and Trustee and their its successors and assigns, forever; PROVIDED, HOWEVER, these presents are upon the express condition that, if Lender Individual Borrower shall be well and truly paid pay to Lender the Debt at the time and in the manner provided in the Note, the Loan Agreement and this Security Instrument, if Borrower shall well and truly perform the Other Obligations as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein and in the Note, the Loan Agreement and the other Loan Documents, these presents and the estate hereby granted shall cease, terminate and be void.
Appears in 2 contracts
Sources: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Griffin Capital Essential Asset REIT II, Inc.), Mortgage, Assignment of Leases and Rents, Security Agreement, and Fixture Filing (Griffin Capital Essential Asset REIT, Inc.)
CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted Property hereby mortgaged and described Property conveyed, or so intended, unto Trustee for the Mortgagee and on behalf of Lender and to the use and benefit of Lender and Trustee and their its successors and assigns, forever; PROVIDED, HOWEVER, these presents are upon the express condition that, if Lender ▇▇▇▇▇▇▇▇▇ shall be well and truly paid pay to Mortgagee the Debt at the time and in the manner provided in the Note, the Loan Agreement and this Security InstrumentInstrument and the other Loan Documents, if Borrower shall well and truly perform the Other Obligations as set forth in this Security Instrument and the other Loan Documents and shall well and truly abide by and comply with each and every covenant and condition set forth herein and in the Note, the Loan Agreement and the other Loan Documents, these presents and the estate hereby granted shall cease, terminate and be void.
Appears in 2 contracts
Sources: Leasehold Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Financing Statement (Lightstone Value Plus Real Estate Investment Trust, Inc.), Leasehold Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Financing Statement (Lightstone Value Plus Real Estate Investment Trust, Inc.)
CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted and described Property unto Trustee for and on behalf of Lender and to the use and benefit of Lender and Trustee and their its successors and assigns, forever; PROVIDED, HOWEVER, these presents are upon the express condition that, if Lender shall be well and truly paid the Debt at the time and in the manner provided in the Note, the Loan Agreement and this Security Instrument, if Borrower shall well and truly perform the Other Obligations as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein and in the Note, the Loan Agreement and the other Loan Documents, these presents and the estate hereby granted shall cease, terminate and be void.
Appears in 1 contract
CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted and described Property unto Trustee for and on behalf of Lender and to the use and benefit of Lender Mortgagee and Trustee and their its successors and assigns, forever; PROVIDED, HOWEVER, these presents are upon the express condition that, if Lender Mortgagee shall be well and truly paid the Debt at the time and in the manner provided in the Note, the Loan Agreement and this Security Instrument, if Borrower shall well and truly perform the Other Obligations as set forth in this Security Instrument and shall well and truly abide by and comply with each and every covenant and condition set forth herein and in the Note, the Loan Agreement and the other Loan Documents, these presents and the estate hereby granted shall cease, terminate and be void.
Appears in 1 contract
CONDITIONS TO GRANT. TO HAVE AND TO HOLD the above granted and described Property unto Trustee for and on behalf of Lender and to the use and benefit of Lender and Trustee Mortgagees and their respective successors and assigns, as their interests may appear, forever; PROVIDED, HOWEVER, these presents are upon the express condition that, if Lender Borrower shall be well and truly paid pay to Mortgagees the Debt Loans at the time and in the manner provided in the Note, the Loan Agreement Notes and this Security InstrumentDocument, if Borrower shall well and truly perform the Other Obligations (defined below) as set forth in this Security Instrument Document and shall well and truly abide by and comply with each and every covenant and condition set forth herein herein, in the Notes and in the NoteLoan Agreements, the Loan Agreement then this conveyance shall be null and the other Loan Documents, these presents and the estate hereby granted shall cease, terminate and be void.
Appears in 1 contract