Common use of Mortgagee’s Representation Clause in Contracts

Mortgagee’s Representation. Mortgagee represents that Mortgagee has authority to enter into this Agreement, that the execution hereof has been duly authorized by its Board of Directors and entry into this Agreement has been duly authorized by all necessary actions. Mortgagee agrees to keep ▇ --

Mortgagee’s Representation. Mortgagee represents that Mortgagee -------------------------- has full authority to enter into this Agreement, that the execution hereof has been duly authorized by its Board of Directors and Mortgagee's entry into this Agreement has been duly authorized by all necessary actions. Mortgagee agrees to keep ▇ --a copy of this Agreement in its permanent mortgage records with respect to the Loan.