To Mortgagor Sample Clauses
The "To Mortgagor" clause defines the rights, obligations, or benefits that are specifically granted to the mortgagor, who is the borrower in a mortgage agreement. In practice, this clause may outline the mortgagor's entitlement to receive notices, exercise certain rights, or benefit from specific provisions under the mortgage, such as the right to redeem the property upon repayment. Its core function is to clearly delineate what the mortgagor is entitled to under the agreement, ensuring transparency and protecting the borrower's interests.
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To Mortgagor. In order for Mortgagee to extend the Loan to Mortgagor, Mortgagee requires that Mortgagor enter into this Mortgage to ▇▇▇▇▇ ▇ ▇▇▇▇ on Mortgagor's leasehold interest and all government authorizations and personal property used in the operation of the Facility and owned by Mortgagor. In consideration of the loan advances described in Article 2 made or to be made by Mortgagee to Mortgagor and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Mortgagor has executed and delivered this Mortgage and by these presents does mortgage, warrant, grant, transfer and convey to Mortgagee and to its successors and assigns, forever all of Mortgagor's right, title, and interest to and under the following property which Mortgagor now owns or may hereafter acquire ("Property"): 1. The leasehold estate of Mortgagor arising under the Lease in the real property described on Exhibit A attached hereto ("Real Property"), including without limiting the completeness of the foregoing grant Mortgagor's interest in the following: (a) all tenements, hereditaments, and easements, rights of way, licenses, rights, privileges, and appurtenances pertaining to the Real Property presently owned or hereafter acquired by Mortgagor, including, without limitation, easements, rights of way, streets, ways, alleys, gores, or strips of land, whether or not adjoining the Real Property; (b) all buildings and any other improvements ("Improvements") now or hereafter erected or placed upon the Real Property and all fixtures ("Fixtures") of every kind and nature whatsoever now or hereafter affixed to the Real Property or Improvements (without limiting the generality of what may be a Fixture, all heating, ventilating, air conditioning, air cooling, lighting, incinerating, plumbing, cleaning, communications and power equipment, screens, storm doors, storm windows, shades, awnings, floor coverings, and carpeting, shall be deemed to be Fixtures and to be a part of the Real Property, whether or not physically attached to the Real Property); and (c) all rents, income, issues, profits, royalties, and other benefits derived or to be derived from the Real Property, Improvements, and Fixtures (all of which are called "Rents") and all of Mortgagor's interest in any lease, sublease license or other agreement pursuant to which any Rents are payable and the Lease (all of which are called "Leases").
To Mortgagor. Sixth, to Mortgagor, its successors and assigns, or to whomsoever may be lawfully entitled to receive such proceeds.
To Mortgagor. ▇▇▇▇▇ ▇▇▇ Mahal Associates Mississippi Avenue and ▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Attn: Chief Financial Officer with a copy to: ▇▇▇▇▇▇▇ ▇▇▇▇ & ▇▇▇▇▇▇▇▇▇ One Citicorp Center ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ Attn: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇, Esq. To Mortgagee: U.S. Bank National Association ▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇. ▇▇▇▇, Minnesota 55101 Attn: Corporate Trust Department
To Mortgagor. The Key Biscayne Loan is (a) evidenced by a Consolidated and Renewed Promissory Note of even date herewith in the original principal amount of the Key Biscayne Loan, and (b) secured by, among other things, a Consolidated, Amended and Restated Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents of even date herewith granted by Mortgagor for the benefit of Mortgagee covering certain real property commonly known as the Sonesta Beach Resort, Key Biscayne, Florida, and more particularly described in Exhibit A attached hereto, and recorded immediately prior to the recordation of this Mortgage.
To Mortgagor. The President Riverboat Casino-Mississippi, Inc. 802 North First Street St. Louis, Missouri 63102 Atte▇▇▇▇▇: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇: ▇▇▇es W. O'Mara ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇.L.P. Suite 500, SkyT▇▇ ▇▇▇▇▇e ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇eet Jacks▇▇, ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Tel▇▇▇▇▇▇: (▇▇▇) ▇▇▇-2720 Facsimile: (601) 360-9777 and Vir▇▇▇▇▇ ▇▇▇▇▇▇ Phelps Dunbar, ▇.▇.▇. 400 Poydras Str▇▇▇, ▇▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇l▇▇▇▇, Louisiana 70130 ▇▇▇▇▇▇▇▇▇: (▇▇▇) ▇▇▇-▇▇▇▇ ▇▇▇▇▇▇▇▇▇: (▇▇▇) ▇▇▇-▇▇▇0
To Mortgagor. In the event of such loss or damage, all proceeds of insurance shall be payable to MORTGAGEE, and MORTGAGOR hereby assigns said proceeds to MORTGAGEE, and authorizes and directs any affected insurance company to make payment of such proceeds directly to MORTGAGEE. MORTGAGEE is hereby authorized and empowered by MORTGAGOR to settle, adjust or compromise any claims for loss, damage or destruction under any policy or policies of insurance. Except to the extent that insurance proceeds are received by MORTGAGEE and applied to the Obligations, nothing herein contained shall be deemed to excuse MORTGAGOR from repairing or maintaining the Prop" as provided in this Mortgage or restoring all damage or destruction on to the Property, regardless of whether or not there are insurance proceeds available or whether any such proceeds are sufficient in amount, and the application or release by MORTGAGEE of any insurance proceeds shall not cure or waive any default or notice of default under this Mortgage or invalidate any act done pursuant to such notice. All insurance policies required shall be written with companies satisfactory to MORTGAGEE, shall contain non-contributory standard mortgagee clauses, shall name MORTGAGEE as an additional insured, shall be maintained, throughout the term of the loan without cost to MORTGAGEE, and shall contain such provisions as MORTGAGEE deems necessary or desirable to protect its interest including, without limitation, a provision for thirty (30) days prior written notice to MORTGAGEE of cancellation of or any change in the risk or coverages insured. Whenever required by MORTGAGEE, certified copies of such policies of insurance shall be delivered immediately to and held by MORTGAGEE.