Deed to Secure Debt Clause Samples
A Deed to Secure Debt is a legal instrument used to secure the repayment of a loan by granting the lender an interest in the borrower's real property. In practice, this deed is recorded in public records and gives the lender the right to foreclose on the property if the borrower defaults on the loan. This clause ensures that the lender has a tangible form of security for the debt, thereby reducing the lender's risk and providing a clear mechanism for debt recovery in case of non-payment.
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Deed to Secure Debt. This conveyance is to be construed under the existing laws of the State of Georgia as a deed passing title, and not as a mortgage, and is intended to secure the payment of the Indebtedness.
Deed to Secure Debt and Security Agreement from the Borrower to the Lender with respect to the Inn located at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, Smyrna, Georgia.
Deed to Secure Debt and Security Agreement from Marriott Residence Inn Limited Partnership to the German American Capital Corporation with respect to the Inn located at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, Smyrna, Georgia, recorded at Book 9181, Page 0072, ▇▇▇▇ County Superior Court.
Deed to Secure Debt and Security Agreement from Marriott Residence Inn Limited Partnership to the German American Capital Corporation with respect to the Inn located at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, recorded at Book 20126, page 07, ▇▇▇▇▇▇ County Clerk of the Superior Court.
Deed to Secure Debt. The Deed to Secure Debt, Assignment of Rents and Leases, Security Agreement and Fixture Filing of even date herewith, from Borrower to Lender encumbering the Premises and securing repayment of the Obligations.
Deed to Secure Debt. This Security Instrument is a deed and security agreement passing legal title pursuant to the laws of the State of Georgia governing loan or security deeds and security agreements, and is not a mortgage. The use of the terms "Borrower" and "Lender" are for reference purposes only, and shall not be construed in any manner to make this instrument a mortgage. Any reference herein or in any of the other Loan Documents to the "lien of this Security Instrument" or words of similar import shall be deemed to mean the security title, security interest and lien created by this Security Instrument.
Deed to Secure Debt and Security Agreement from the Borrower to the Lender with respect to the Inn located at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇.
Deed to Secure Debt. (second mortgage) encumbering Plant 1 property, securing Note to The ▇▇▇▇▇▇▇▇▇ Bank dated 3/2/95 in the maximum amount of $209,000, for payment of a declining Letter of Credit in favor of ▇▇▇-Bar Corporation in the maximum amount of $209,000 (declining at the rate of $9,000 per month) as Security Deposit under Lease between Hi-Tech and ▇▇▇-Bar for Plant 4
Deed to Secure Debt. 33 47. ASSUMPTION NOT A NOVATION............................................................33 48. WAIVER OF TRIAL BY JURY..............................................................33 --- ----------------------- MULTIFAMILY DEED TO SECURE DEBT, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT THIS MULTIFAMILY DEED TO SECURE DEBT, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT (the "INSTRUMENT") is made as of the 1st day of June, 2001, between VININGS COMMUNITIES, L.P., a limited partnership organized and existing under the laws of Delaware, whose address is 2839 Paces Ferry Road, Suite ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇▇ ("▇▇▇▇▇▇▇▇"), ▇▇▇▇SHIRE MORTGAGE FINANCE LIMITED PARTNERSHIP, a limited partnership organized and existing under the laws of Massachusetts, whose address is One Beacon Street, 14th Floor, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇ ▇▇▇▇▇▇▇ ("▇▇▇▇▇▇"). ▇▇rrower is indebted to Lender in the principal amount of Eight Million Eighty Thousand and No/100ths Dollars (US $8,080,000.00), as evidenced by Borrower's Multifamily Note payable to Lender, dated as of the date of this Instrument, and maturing on June 1, 2011.
Deed to Secure Debt and Security Agreement from The District at ▇▇▇▇▇▇ Mill, LLC, a Georgia limited liability company to Metropolitan Life Insurance Company, a New York corporation, dated October 6, 2005, filed for record October 7, 2005 at 12:05 p.m., recorded in Deed Book 41056, Page 625, Records of ▇▇▇▇▇▇ County, Georgia; as modified by that certain Loan Modification Agreement by and between Metropolitan Life Insurance Company, a New York corporation, The District at ▇▇▇▇▇▇ Mill, LLC, a Georgia limited liability company and ▇▇▇▇▇ Enterprises, Inc., a Georgia corporation, dated as of February 15, 2007, filed for record February 22, 2007 at 1:15 p.m., recorded in Deed Book 44509, Page 121, aforesaid Records; as further modified by that certain Assignment and Assumption Agreement by and between The District at ▇▇▇▇▇▇ Mill, LLC, a Georgia limited liability company, ELSEL ▇▇▇▇▇▇ Mill, LLC, a Delaware limited liability company and Metropolitan Life Insurance Company, a New York corporation, dated May ___, 2007, filed for record May __, 2007 at __:__ __.m., recorded in Deed Book ___, Page ___, aforesaid Records.