ENVIRONMENTAL CONDITION OF PREMISES. Environmental Condition of Property. MORTGAGOR hereby warrants and represents to THE BANK after thorough investigation that: a) the Premises are now and at all times hereafter will continue to be in full compliance with all Federal, State and local environmental laws and regulations, including but not limited to, the Comprehensive Environmental Response, Compensation and Liability Act of l980 (CERCLA), Public Law No. 96-5l0, 94 Stat. 2767, and the Superfund Amend▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ Act of l986 (SARA), Public Law No. 99-499, 100 Stat. l6l3; and b) ▇▇ of the date he▇▇▇▇ ▇▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇ ▇▇▇wledge after investigation, no hazardous materials, substances, waste or other environmentally regulated substances (including without limitations, any materials containing asbestos) located on, in or under the Premises or used in connection therewith, or c) MORTGAGOR has fully disclosed to THE BANK in writing the existence, extent and nature of any such hazardous material, substance, waste or other environmentally regulated substance, currently present or which MORTGAGOR is legally authorized and empowered to maintain on, in or under the Premises or use in connection therewith, MORTGAGOR has obtained and will maintain all licenses, permits and approvals required with respect thereto, and is and will remain in full compliance with all of the terms, conditions, and requirements of such licenses, permits and approvals. MORTGAGOR further warrants and represents that it will promptly notify THE BANK of any change in the environmental, condition of the Premises or in the nature or extent of any hazardous materials, substances or wastes maintained on, in or under the Premises or used in connection therewith, and will transmit to THE BANK copies of any citations, orders, notices or other material governmental or other communication received with respect to any other hazardous materials, substances, waste, or other environmentally regulated substance affecting the Premises. MORTGAGOR hereby indemnifies and holds harmless THE BANK from and against any and all damages, penalties, fines, claims, suits, liabilities, costs judgments and expenses (including attorneys', consultant's or expert's fees) of every kind and nature incurred, suffered by or asserted against THE BANK as a direct or indirect result of: a) MORTGAGOR any warranty or representation made by MORTGAGOR in this paragraph being or becoming false or untrue in any material respect or b) any requirement under the law, regulation or ordinance, local, state or federal, regarding the removal or elimination of any hazardous materials, substances, waste or other environmentally regulated substances. MORTGAGOR'S obligations hereunder shall not be limited to any extent by the term of THE NOTE, and, as to any act or occurrence prior to payment in full and satisfaction of said NOTE which gives rise to liability hereunder, shall continue, survive and remain in full force and effect notwithstanding foreclosure of this Mortgage, where THE BANK is the purchaser at the foreclosure sale, or delivery of a deed in lieu of foreclosure to THE BANK.
Appears in 2 contracts
Sources: Mortgage Deed (Oriole Homes Corp), Mortgage Deed (Oriole Homes Corp)
ENVIRONMENTAL CONDITION OF PREMISES. Environmental Condition of Property. MORTGAGOR hereby warrants and represents to THE BANK after thorough investigation that:
a) the Premises are now and at all times hereafter will continue to be in full compliance with all Federal, State and local environmental laws and regulations, including but not limited to, the Comprehensive Environmental Response, Compensation and Liability Act of l980 (CERCLA), Public Law No. 96-5l0, 94 Stat. 2767, and the Superfund Amend▇▇▇▇▇ ▇▇▇ ▇▇▇Amendments and Rea▇▇▇▇▇▇▇▇▇▇▇▇ Act of l986 ▇▇▇ ▇▇ ▇▇▇▇ (SARA), Public Law No. 99-499, 100 Stat. l6l3; and
b) as ▇▇ of the ▇he date he▇▇▇▇ hereof ▇▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇ ▇▇▇wledge after ▇▇▇▇▇▇ ▇▇▇▇▇ investigation, no hazardous materials, substances, waste or other environmentally regulated substances (including without limitations, any materials containing asbestos) located on, in or under the Premises or used in connection therewith, or
c) MORTGAGOR has fully disclosed to THE BANK in writing the existence, extent and nature of any such hazardous material, substance, waste or other environmentally regulated substance, currently present or which MORTGAGOR is legally authorized and empowered to maintain on, in or under the Premises or use in connection therewith, MORTGAGOR has obtained and will maintain all licenses, permits and approvals required with respect thereto, and is and will remain in full compliance with all of the terms, conditions, and requirements of such licenses, permits and approvals. MORTGAGOR further warrants and represents that it will promptly notify THE BANK of any change in the environmental, condition of the Premises or in the nature or extent of any hazardous materials, substances or wastes maintained on, in or under the Premises or used in connection therewith, and will transmit to THE BANK copies of any citations, orders, notices or other material governmental or other communication received with respect to any other hazardous materials, substances, waste, or other environmentally regulated substance affecting the Premises. MORTGAGOR hereby indemnifies and holds harmless THE BANK from and against any and all damages, penalties, fines, claims, suits, liabilities, costs judgments and expenses (including attorneys', consultant's or expert's fees) of every kind and nature incurred, suffered by or asserted against THE BANK as a direct or indirect result of:
a) MORTGAGOR any warranty or representation made by MORTGAGOR in this paragraph being or becoming false or untrue in any material respect or
b) any requirement under the law, regulation or ordinance, local, state or federal, regarding the removal or elimination of any hazardous materials, substances, waste or other environmentally regulated substances. MORTGAGOR'S obligations hereunder shall not be limited to any extent by the term of THE NOTE, and, as to any act or occurrence prior to payment in full and satisfaction of said NOTE which gives rise to liability hereunder, shall continue, survive and remain in full force and effect notwithstanding foreclosure of this Mortgage, where THE BANK is the purchaser at the foreclosure sale, or delivery of a deed in lieu of foreclosure to THE BANK.
Appears in 1 contract
Sources: Mortgage Deed (Oriole Homes Corp)
ENVIRONMENTAL CONDITION OF PREMISES. Environmental Condition of Property. MORTGAGOR hereby warrants and represents to THE BANK after thorough investigation that:
(a) the Premises are now and at all times hereafter will continue to be in full compliance with all Federal, State and local environmental laws and regulations, including but not limited to, the Comprehensive Environmental Response, Compensation and Liability Act of l980 (CERCLA), Public Law No. 96-5l0, 94 Stat. 2767, and the Superfund Amend▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ Act of l986 (SARA), Public Law No. 99-499, 100 Stat. l6l3; and
b) and ▇▇ of ▇f the date he▇her▇▇▇ ▇▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇ ▇▇▇wledge ▇ledge after investigation, no hazardous materials, substances, waste or other environmentally regulated substances (including without limitations, any materials containing asbestos) located on, in or under the Premises or used in connection therewith, or
c(b) MORTGAGOR has fully disclosed to THE BANK in writing the existence, extent and nature of any such hazardous material, substance, waste or other environmentally regulated substance, currently present or which MORTGAGOR is legally authorized and empowered to maintain on, in or under the Premises or use in connection therewith, MORTGAGOR has obtained and will maintain all licenses, permits and approvals required with respect thereto, and is and will remain in full compliance with all of the terms, conditions, and requirements of such licenses, permits and approvals. MORTGAGOR further warrants and represents that it will promptly notify THE BANK of any change in the environmental, condition of the Premises or in the nature or extent of any hazardous materials, substances or wastes maintained on, in or under the Premises or used in connection therewith, and will transmit to THE BANK copies of any citations, orders, notices or other material governmental or other communication received with respect to any other hazardous materials, substances, waste, or other environmentally regulated substance affecting the Premises. MORTGAGOR hereby indemnifies and holds harmless THE BANK from and against any and all damages, penalties, fines, claims, suits, liabilities, costs judgments and expenses (including attorneys', consultant's or expert's fees) of every kind and nature incurred, suffered by or asserted against THE BANK as a direct or indirect result of:
a) MORTGAGOR any warranty or representation made by MORTGAGOR in this paragraph being or becoming false or untrue in any material respect or
b) any requirement under the law, regulation or ordinance, local, state or federal, regarding the removal or elimination of any hazardous materials, substances, waste or other environmentally regulated substances. MORTGAGOR'S obligations hereunder shall not be limited to any extent by the term of THE NOTE, and, as to any act or occurrence prior to payment in full and satisfaction of said NOTE which gives rise to liability hereunder, shall continue, survive and remain in full force and effect notwithstanding foreclosure of this Mortgage, where THE BANK is the purchaser at the foreclosure sale, or delivery of a deed in lieu of foreclosure to THE BANK.
Appears in 1 contract
Sources: Mortgage Deed (Oriole Homes Corp)
ENVIRONMENTAL CONDITION OF PREMISES. Environmental Condition of Property. MORTGAGOR hereby warrants and represents to THE BANK after thorough investigation that:
a) the Premises are now and at all times hereafter will continue to be in full compliance with all Federal, State and local environmental laws and regulations, including but not limited to, the Comprehensive Environmental Response, Compensation and Liability Act of l980 (CERCLA), Public Law No. 96-5l0, 94 Stat. 2767, and the Superfund Amend▇▇. ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ Act of l986 (SARA), Public Law No. 99-499, 100 Stat. l6l3; and
b) ▇▇ of the date he▇▇▇▇ ▇▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇▇. ▇▇▇▇, and the Superfund Amendments and Reauthorization Act of l986 (▇▇▇▇), Public Law ▇▇. ▇▇-▇▇▇, ▇▇▇ ▇▇▇wledge ▇. ▇▇▇▇; and
b) as of the date hereof there are, to its knowledge after investigation, no hazardous materials, substances, waste or other environmentally regulated substances (including without limitations, any materials containing asbestos) located on, in or under the Premises or used in connection therewith, or
c) MORTGAGOR has fully disclosed to THE BANK in writing the existence, extent and nature of any such hazardous material, substance, waste or other environmentally regulated substance, currently present or which MORTGAGOR is legally authorized and empowered to maintain on, in or under the Premises or use in connection therewith, MORTGAGOR has obtained and will maintain all licenses, permits and approvals required with respect thereto, and is and will remain in full compliance with all of the terms, conditions, and requirements of such licenses, permits and approvals. MORTGAGOR further warrants and represents that it will promptly notify THE BANK of any change in the environmental, condition of the Premises or in the nature or extent of any hazardous materials, substances or wastes maintained on, in or under the Premises or used in connection therewith, and will transmit to THE BANK copies of any citations, orders, notices or other material governmental or other communication received with respect to any other hazardous materials, substances, waste, or other environmentally regulated substance affecting the Premises. MORTGAGOR hereby indemnifies and holds harmless THE BANK from and against any and all damages, penalties, fines, claims, suits, liabilities, costs judgments and expenses (including attorneys', consultant's or expert's fees) of every kind and nature incurred, suffered by or asserted against THE BANK as a direct or indirect result of:
a) MORTGAGOR any warranty or representation made by MORTGAGOR in this paragraph being or becoming false or untrue in any material respect or
b) any requirement under the law, regulation or ordinance, local, state or federal, regarding the removal or elimination of any hazardous materials, substances, waste or other environmentally regulated substances. MORTGAGOR'S obligations hereunder shall not be limited to any extent by the term of THE NOTE, and, as to any act or occurrence prior to payment in full and satisfaction of said NOTE which gives rise to liability hereunder, shall continue, survive and remain in full force and effect notwithstanding foreclosure of this Mortgage, where THE BANK is the purchaser at the foreclosure sale, or delivery of a deed in lieu of foreclosure to THE BANK.
Appears in 1 contract
Sources: Mortgage Deed (Oriole Homes Corp)
ENVIRONMENTAL CONDITION OF PREMISES. Environmental Condition of Property. MORTGAGOR hereby warrants and represents to THE BANK after thorough investigation that:
a) the Premises are now and at all times hereafter will continue to be in full compliance with all Federal, State and local environmental laws and regulations, including but not limited to, the Comprehensive Environmental Response, Compensation and Liability Act of l980 (CERCLA), Public Law No. 96-5l0, 94 Stat. 2767, and the Superfund Amend▇▇▇▇▇ ▇▇▇ ▇▇Amendments and Re▇▇▇▇▇▇▇▇▇▇▇▇▇ Act of l986 ▇▇▇ ▇▇ ▇▇▇▇ (SARA), Public Law No. 99-499, 100 Stat. l6l3; and
b) as ▇▇ of the date he▇▇▇hereo▇ ▇▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇ ▇▇▇wledge after ▇▇▇▇▇▇ ▇▇▇▇▇ investigation, no hazardous materials, substances, waste or other environmentally regulated substances (including without limitations, any materials containing asbestos) located on, in or under the Premises or used in connection therewith, or
c) MORTGAGOR has fully disclosed to THE BANK in writing the existence, extent and nature of any such hazardous material, substance, waste or other environmentally regulated substance, currently present or which MORTGAGOR is legally authorized and empowered to maintain on, in or under the Premises or use in connection therewith, MORTGAGOR has obtained and will maintain all licenses, permits and approvals required with respect thereto, and is and will remain in full compliance with all of the terms, conditions, and requirements of such licenses, permits and approvals. MORTGAGOR further warrants and represents that it will promptly notify THE BANK of any change in the environmental, condition of the Premises or in the nature or extent of any hazardous materials, substances or wastes maintained on, in or under the Premises or used in connection therewith, and will transmit to THE BANK copies of any citations, orders, notices or other material governmental or other communication received with respect to any other hazardous materials, substances, waste, or other environmentally regulated substance affecting the Premises. MORTGAGOR hereby indemnifies and holds harmless THE BANK from and against any and all damages, penalties, fines, claims, suits, liabilities, costs judgments and expenses (including attorneys', consultant's or expert's fees) of every kind and nature incurred, suffered by or asserted against THE BANK as a direct or indirect result of:
a) MORTGAGOR any warranty or representation made by MORTGAGOR in this paragraph being or becoming false or untrue in any material respect or
b) any requirement under the law, regulation or ordinance, local, state or federal, regarding the removal or elimination of any hazardous materials, substances, waste or other environmentally regulated substances. MORTGAGOR'S obligations hereunder shall not be limited to any extent by the term of THE NOTENOTES, and, as to any act or occurrence prior to payment in full and satisfaction of said NOTE NOTES which gives rise to liability hereunder, shall continue, survive and remain in full force and effect notwithstanding foreclosure of this Mortgage, where THE BANK is the purchaser at the foreclosure sale, or delivery of a deed in lieu of foreclosure to THE BANK.
Appears in 1 contract
Sources: Mortgage Deed (Oriole Homes Corp)
ENVIRONMENTAL CONDITION OF PREMISES. Environmental Condition of Property. MORTGAGOR hereby warrants and represents to THE BANK after thorough investigation that:
(a) the Premises are now and at all times hereafter will continue to be in full compliance with all Federal, State and local environmental laws and regulations, including but not limited to, the Comprehensive Environmental Response, Compensation and Liability Act of l980 (CERCLA), Public Law No. 96-5l0, 94 Stat. 2767, and the Superfund Amend▇▇. ▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ Act of l986 (SARA), Public Law No. 99-499, 100 Stat. l6l3; and
b) ▇▇ of the date he▇▇▇▇ ▇▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇▇. ▇▇▇▇, and the Superfund Amendments and Reauthorization Act of l986 (▇▇▇▇), Public Law ▇▇. ▇▇-▇▇▇, ▇▇▇ ▇▇▇wledge ▇. ▇▇▇▇; and as of the date hereof there are, to its knowledge after investigation, no hazardous materials, substances, waste or other environmentally regulated substances (including without limitations, any materials containing asbestos) located on, in or under the Premises or used in connection therewith, or
c(b) MORTGAGOR has fully disclosed to THE BANK in writing the existence, extent and nature of any such hazardous material, substance, waste or other environmentally regulated substance, currently present or which MORTGAGOR is legally authorized and empowered to maintain on, in or under the Premises or use in connection therewith, MORTGAGOR has obtained and will maintain all licenses, permits and approvals required with respect thereto, and is and will remain in full compliance with all of the terms, conditions, and requirements of such licenses, permits and approvals. MORTGAGOR further warrants and represents that it will promptly notify THE BANK of any change in the environmental, condition of the Premises or in the nature or extent of any hazardous materials, substances or wastes maintained on, in or under the Premises or used in connection therewith, and will transmit to THE BANK copies of any citations, orders, notices or other material governmental or other communication received with respect to any other hazardous materials, substances, waste, or other environmentally regulated substance affecting the Premises. MORTGAGOR hereby indemnifies and holds harmless THE BANK from and against any and all damages, penalties, fines, claims, suits, liabilities, costs judgments and expenses (including attorneys', consultant's or expert's fees) of every kind and nature incurred, suffered by or asserted against THE BANK as a direct or indirect result of:
a) MORTGAGOR any warranty or representation made by MORTGAGOR in this paragraph being or becoming false or untrue in any material respect or
b) any requirement under the law, regulation or ordinance, local, state or federal, regarding the removal or elimination of any hazardous materials, substances, waste or other environmentally regulated substances. MORTGAGOR'S obligations hereunder shall not be limited to any extent by the term of THE NOTE, and, as to any act or occurrence prior to payment in full and satisfaction of said NOTE which gives rise to liability hereunder, shall continue, survive and remain in full force and effect notwithstanding foreclosure of this Mortgage, where THE BANK is the purchaser at the foreclosure sale, or delivery of a deed in lieu of foreclosure to THE BANK.
Appears in 1 contract
Sources: Mortgage Deed (Oriole Homes Corp)
ENVIRONMENTAL CONDITION OF PREMISES. Environmental Condition of Property. MORTGAGOR hereby Mortgagor, warrants and represents to THE BANK after thorough investigation thatMortgagee that to the best of M▇▇▇▇▇▇▇▇’s knowledge and except as to those matters (if any) set forth in the Environmental Reports:
(a) the Each Premises are is now and at all times hereafter will continue to be in full compliance with all Federalfederal, State state and local environmental laws and regulations, including but not limited to, the Comprehensive Environmental Response, Compensation and Liability Act of l980 1980 (“CERCLA”), Public Law No. 96-5l0, 94 Stat. 2767, and the Superfund AmendAmendments and Reauthorization Act of 1986 (“S▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ”), the Federal Water Pollution and Control Act, the Federal Clean Water Act, the National Environmental Policy Act, the Resource Conservation and Recovery Act of l986 1976 (SARA“RCRA”), Public Law No. 99-499the Hazardous Material Transportation Act, 100 Stat. l6l3; andthe Federal Clean Air Act, Chapters 376 (“Pollutant Discharge Prevention and Removal”), 377 (“Energy Resources”), and 403 (“Environmental Control”) or any applicable administrative code or statute in the state where the Property is located (hereinafter together with any amendments thereto “Environmental Laws”);
(b) ▇▇ As of the date he▇▇▇▇ ▇▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇ ▇▇▇wledge after investigation, hereof there are no hazardous materials, substances, waste wastes or other environmentally regulated substances (including without limitationslimitation, asbestos, polychlorinated biphenyls (“PCB’s”), petroleum products, waste oils, toxic or radioactive materials, ammonia, chlorine, pesticides, bulk chemicals, substances listed in the United States Department of Transportation Table or by the Environmental Protection Agency (or any materials containing asbestossuccessor agency) as hazardous substances, or which are classified as hazardous or toxic under local, state or federal laws, rules or regulations) (“Hazardous Substances”) located on, in or under the each Premises or used in connection therewith, ortherewith in violation of any applicable Environmental Laws;
(c) MORTGAGOR has fully disclosed to THE BANK in writing the existence, extent and nature The Premises is not on any Hazardous Substance cleanup list of any such hazardous materialgovernmental authority;
(d) Mortgagor has not received a summons, substancecitation, waste directive, letter or other environmentally regulated substancecommunication, currently present written or oral, from any governmental authority including, but not limited to any agency or department of the State where the Property is located or the United States government nor has any action ever been commenced or threatened by any governmental authority concerning any intentional or unintentional action or omission on Mortgagor’s part which MORTGAGOR is legally authorized and empowered resulted in the releasing, spilling, leaking, pumping, pouring, emitting, emptying or dumping of Hazardous Substances into or onto the Premises;
(e) The Premises has never been used by Mortgagor, to maintain ongenerate, in manufacture, refine, transport, treat, store, handle or under the Premises or use in connection therewith, MORTGAGOR has obtained and will maintain all licenses, permits and approvals required with respect theretodispose of Hazardous Substances, and is and will remain in full compliance with all Mortgagor does not intend to use any part of the termsPremises, conditions, and requirements of for such licenses, permits and approvals. MORTGAGOR further warrants and represents that it will promptly notify THE BANK of any change in the environmental, condition purposes;
(f) No part of the Premises or in any building, structure or facility currently located thereon or improvement thereto contain or contained asbestos or have or have had asbestos containing materials installed thereon or therein at any time during or prior to Mortgagor’s ownership or operation thereof;
(g) No part of the nature Premises nor any building, structure or extent facility currently located thereon or improvement thereto contain or contained PCB’s or have or have had electrical transformers, fluorescent light fixtures, ballasts or other equipment containing PCB’s installed thereon or therein at any time during or prior to Mortgagor’s ownership or operation thereof;
(h) No part of the Premises has nor any hazardous materialsbuilding, substances structure or wastes maintained onfacility currently located thereon or improvement thereto are or have been used as a sanitary landfill, in and no Hazardous Substances have been buried, spilled or under disposed of on or within the boundaries of the Premises, at any time during or prior to Mortgagor’s ownership or operation thereof; and
(i) There is no occurrence or condition on any real property adjoining the Premises that could cause the Premises or used in connection therewith, and will transmit any part thereof to THE BANK copies of any citations, orders, notices or other material governmental or other communication received with respect be subject to any other hazardous materialsrestrictions on the ownership, substancesoccupancy, waste, transferability or other environmentally regulated substance affecting use of the Premises. MORTGAGOR hereby indemnifies and holds harmless THE BANK from and against Premises under any and all damages, penalties, fines, claims, suits, liabilities, costs judgments and expenses (including attorneys', consultant's or expert's fees) of every kind and nature incurred, suffered by or asserted against THE BANK as a direct or indirect result of:
a) MORTGAGOR any warranty or representation made by MORTGAGOR in this paragraph being or becoming false or untrue in any material respect or
b) any requirement under the law, regulation or ordinance, local, state or federal, regarding the removal or elimination of any hazardous materials, substances, waste or other environmentally regulated substances. MORTGAGOR'S obligations hereunder shall not be limited to any extent by the term of THE NOTE, and, as to any act or occurrence prior to payment in full and satisfaction of said NOTE which gives rise to liability hereunder, shall continue, survive and remain in full force and effect notwithstanding foreclosure of this Mortgage, where THE BANK is the purchaser at the foreclosure sale, or delivery of a deed in lieu of foreclosure to THE BANKEnvironmental Laws.
Appears in 1 contract
Sources: Mortgage Agreement (Generation Income Properties, Inc.)
ENVIRONMENTAL CONDITION OF PREMISES. Environmental Condition of Property. MORTGAGOR hereby Mortgagor, warrants and represents to THE BANK after thorough investigation thatMortgagee that to the best of Mortgagor’s knowledge and except as to those matters (if any) set forth in the Environmental Reports:
(a) the Each Premises are is now and at all times hereafter will continue to be in full compliance with all Federalfederal, State state and local environmental laws and regulations, including but not limited to, the Comprehensive Environmental Response, Compensation and Liability Act of l980 1980 (“CERCLA”), Public Law No. 96-5l0, 94 Stat. 2767, and the Superfund AmendAmendments and Reauthorization Act of 1986 (“S▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ”), the Federal Water Pollution and Control Act, the Federal Clean Water Act, the National Environmental Policy Act, the Resource Conservation and Recovery Act of l986 1976 (SARA“RCRA”), Public Law No. 99-499the Hazardous Material Transportation Act, 100 Stat. l6l3; andthe Federal Clean Air Act, Chapters 376 (“Pollutant Discharge Prevention and Removal”), 377 (“Energy Resources”), and 403 (“Environmental Control”) or any applicable administrative code or statute in the state where the Property is located (hereinafter together with any amendments thereto “Environmental Laws”);
(b) ▇▇ As of the date he▇▇▇▇ ▇▇▇▇▇ ▇▇▇, ▇▇ ▇▇▇ ▇▇▇wledge after investigation, hereof there are no hazardous materials, substances, waste wastes or other environmentally regulated substances (including without limitationslimitation, asbestos, polychlorinated biphenyls (“PCB’s”), petroleum products, waste oils, toxic or radioactive materials, ammonia, chlorine, pesticides, bulk chemicals, substances listed in the United States Department of Transportation Table or by the Environmental Protection Agency (or any materials containing asbestossuccessor agency) as hazardous substances, or which are classified as hazardous or toxic under local, state or federal laws, rules or regulations) (“Hazardous Substances”) located on, in or under the each Premises or used in connection therewith, ortherewith in violation of any applicable Environmental Laws;
(c) MORTGAGOR has fully disclosed to THE BANK in writing the existence, extent and nature The Premises is not on any Hazardous Substance cleanup list of any such hazardous materialgovernmental authority;
(d) Mortgagor has not received a summons, substancecitation, waste directive, letter or other environmentally regulated substancecommunication, currently present written or oral, from any governmental authority including, but not limited to any agency or department of the State where the Property is located or the United States government nor has any action ever been commenced or threatened by any governmental authority concerning any intentional or unintentional action or omission on Mortgagor’s part which MORTGAGOR is legally authorized and empowered resulted in the releasing, spilling, leaking, pumping, pouring, emitting, emptying or dumping of Hazardous Substances into or onto the Premises;
(e) The Premises has never been used by Mortgagor, to maintain ongenerate, in manufacture, refine, transport, treat, store, handle or under the Premises or use in connection therewith, MORTGAGOR has obtained and will maintain all licenses, permits and approvals required with respect theretodispose of Hazardous Substances, and is and will remain in full compliance with all Mortgagor does not intend to use any part of the termsPremises, conditions, and requirements of for such licenses, permits and approvals. MORTGAGOR further warrants and represents that it will promptly notify THE BANK of any change in the environmental, condition purposes;
(f) No part of the Premises or in any building, structure or facility currently located thereon or improvement thereto contain or contained asbestos or have or have had asbestos containing materials installed thereon or therein at any time during or prior to Mortgagor’s ownership or operation thereof;
(g) No part of the nature Premises nor any building, structure or extent facility currently located thereon or improvement thereto contain or contained PCB’s or have or have had electrical transformers, fluorescent light fixtures, ballasts or other equipment containing PCB’s installed thereon or therein at any time during or prior to Mortgagor’s ownership or operation thereof;
(h) No part of the Premises has nor any hazardous materialsbuilding, substances structure or wastes maintained onfacility currently located thereon or improvement thereto are or have been used as a sanitary landfill, in and no Hazardous Substances have been buried, spilled or under disposed of on or within the boundaries of the Premises, at any time during or prior to Mortgagor’s ownership or operation thereof; and
(i) There is no occurrence or condition on any real property adjoining the Premises that could cause the Premises or used in connection therewith, and will transmit any part thereof to THE BANK copies of any citations, orders, notices or other material governmental or other communication received with respect be subject to any other hazardous materialsrestrictions on the ownership, substancesoccupancy, waste, transferability or other environmentally regulated substance affecting use of the Premises. MORTGAGOR hereby indemnifies and holds harmless THE BANK from and against Premises under any and all damages, penalties, fines, claims, suits, liabilities, costs judgments and expenses (including attorneys', consultant's or expert's fees) of every kind and nature incurred, suffered by or asserted against THE BANK as a direct or indirect result of:
a) MORTGAGOR any warranty or representation made by MORTGAGOR in this paragraph being or becoming false or untrue in any material respect or
b) any requirement under the law, regulation or ordinance, local, state or federal, regarding the removal or elimination of any hazardous materials, substances, waste or other environmentally regulated substances. MORTGAGOR'S obligations hereunder shall not be limited to any extent by the term of THE NOTE, and, as to any act or occurrence prior to payment in full and satisfaction of said NOTE which gives rise to liability hereunder, shall continue, survive and remain in full force and effect notwithstanding foreclosure of this Mortgage, where THE BANK is the purchaser at the foreclosure sale, or delivery of a deed in lieu of foreclosure to THE BANKEnvironmental Laws.
Appears in 1 contract
Sources: Mortgage and Security Agreement (Generation Income Properties, Inc.)