Common use of USE AND COMPLIANCE WITH LAW Clause in Contracts

USE AND COMPLIANCE WITH LAW. The Mortgagor shall not permit any violation of any law, by-law, ordinance, public or private restriction, regulation, order or code (including without limitation, any rule or order of any Board of Fire Underwriters) affecting the Mortgaged Property or the use thereof or take any action or permit any condition or activity which could invalidate any license or permit needed for the use and occupancy of the Mortgaged Property. Additionally, Mortgagor warrants and represents that: (a) Mortgagor has not committed any act or omission and is not, to the best of its knowledge, aware of any action or omission by any prior owner that would cause the Mortgaged Property to be subject to forfeiture pursuant to any Federal or State law, rule or regulation; and (b) the Mortgaged Property has not been acquired with any proceeds from a transaction or an activity that would cause the Mortgaged Property to be subject to such forfeiture. Mortgagor covenants that Mortgagor will not use, operate or occupy, and will not permit any third party to use operate or occupy the Mortgaged Property, or any portion thereof, for any purpose or activity that may give rise to such a forfeiture of the Mortgaged Property.