Common use of Grants of Security Clause in Contracts

Grants of Security. 1.1 Property Mortgaged. Grantor does hereby irrevocably mortgage, grant, bargain, sell, pledge, assign, warrant, transfer and convey to Trustee, its successors and assigns, for the benefit of Beneficiary, and grant a security interest to Beneficiary and Trustee in, the following property, rights, interests and estates now owned, or hereafter acquired by Grantor (collectively, the “Property”) with power of sale and right of entry and possession:

Appears in 2 contracts

Sources: Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Sirius Xm Radio Inc.), Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Sirius Xm Radio Inc.)