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").
Appears in 2 contracts
Sources: Leasehold Mortgage (Emeritus Corp\wa\), Leasehold Mortgage (Emeritus Corp\wa\)
To Mortgagor. In order for Mortgagee to extend the Loan to Mortgagor, Mortgagee requires that Mortgagor enter into this Mortgage to ▇g▇▇▇▇ ▇ ▇▇▇▇ 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").
Appears in 1 contract