Common use of Covenant of Title Clause in Contracts

Covenant of Title. At the time of the execution and delivery of this Mortgage, Borrower is well and truly seized of the Project in fee simple, free of all easements, liens and encumbrances whatever (other than those easements of record as of the date hereof and the rights of the public in any part of the Project used or taken for road purposes), and will forever warrant and defend the same against any and all other claims whatever, and the lien created hereby is and will be kept as a first lien upon the Project and every part thereof, subject only to the foregoing exceptions.

Covenant of Title. At the time of the execution and delivery of this Mortgage, Borrower is well and truly seized of the Project in fee simple, free of all easements, liens and encumbrances whatever (other than those easements of record as of the date hereof and the rights of the public in any part of the Project used or taken for road purposes), and will forever warrant and defend the same title to the Project unto Standard Federal, it successors and assigns, against any and all other claims whatever, and the lien created hereby is and will be kept as a first lien upon the Project and every part thereof, subject only to the foregoing exceptions.