Common use of Run with Land Clause in Contracts

Run with Land. These covenants, representations, warranties and indemnities shall be deemed continuing covenants, representations, warranties and indemnities running with the Land for the benefit of the Lender, and any successors and assigns of the Lender, including any purchaser at a mortgage foreclosure sale, any transferee of the title of the Lender or any subsequent purchaser at a foreclosure sale, and any subsequent owner of the Premises claiming through or under the title of Lender and shall survive any foreclosure of this Mortgage and any acquisition of title of Lender. The amount of all such indemnified loss, damage, expense or cost, shall bear interest thereon at the Default Interest and shall become so much additional Indebtedness Secured Hereby and shall become immediately due and payable in full on demand of the Lender, its successors or assigns. The indemnification contained herein shall be a personal monetary obligation of the Borrower notwithstanding any provisions of this Mortgage to the contrary that limit or exculp the personal liability of the Borrower and/or require the Lender to look solely to the security of the Premises.

Run with Land. These covenants, representations, warranties and indemnities shall be deemed continuing covenants, representations, warranties and indemnities running with the Land for the benefit of the Lender, and any successors and assigns of the Lender, including any purchaser at a mortgage foreclosure sale, any transferee of the title of the Lender or any subsequent purchaser at a foreclosure sale, and any subsequent owner of the Premises claiming through or under the title of Lender and shall survive any foreclosure of this Mortgage and any acquisition of title of Lender. The amount of all such indemnified loss, damage, expense or cost, shall bear interest thereon at the Default Interest Rate interest and shall become so much additional Indebtedness Secured Hereby and shall become immediately due and payable in full on demand of the Lender, its successors or assigns. The indemnification contained herein shall be a personal monetary obligation of the Borrower notwithstanding any provisions of this Mortgage to the contrary that limit or exculp the personal liability of the Borrower and/or require the Lender to look solely to the security of the Premises.

Run with Land. These covenants, representations, warranties and indemnities shall be deemed continuing covenants, representations, warranties and indemnities running with the Land Real Property for the benefit of the LenderBeneficiary, and any successors and assigns of the LenderBeneficiary, including any purchaser at a mortgage Deed of Trust foreclosure sale, any transferee of the title of the Lender Beneficiary or any subsequent purchaser at a foreclosure sale, and any subsequent owner of the Premises claiming through or under the title of Lender Beneficiary and shall survive any foreclosure of this Mortgage Deed of Trust and any acquisition of title of LenderBeneficiary. The amount of all such indemnified loss, damage, expense or cost, shall bear interest thereon at the Default Interest rate of interest in effect on the Note and shall become so much additional Indebtedness Secured Hereby and shall become immediately due and payable in full on demand of the LenderBeneficiary, its successors or and assigns. The indemnification contained herein shall be a personal monetary obligation of the Borrower Grantor notwithstanding any provisions of this Mortgage Deed of Trust to the contrary that limit or exculp the personal liability of the Borrower Grantor and/or require the Lender Beneficiary to look solely to the security of the Premises.