Common use of To borrow Clause in Contracts

To borrow. To borrow money and, subject to the provisions of the Declaration, to give, as security therefor, a mortgage or other security interest in any or all real or personal property owned by the Corporation, or a pledge of monies to be received pursuant to the provisions of the Declaration or any Supplemental Declaration, and to assign and pledge its right to make Assessments and its rights to claim a lien therefor.

Appears in 2 contracts

Sources: Declaration of Covenants and Restrictions, Declaration of Covenants and Restrictions