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202202660
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4/12/2022 4:26:50 PM
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4/12/2022 4:26:43 PM
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202202660
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202202CC0 <br />(formerly SemMaterials Energy Partners, L.L.C., a Delaware limited liability company), a Texas limited <br />liability company. <br />Section 17.3. Remedies. All references in this Mortgage to self-help, non judicial foreclosure and <br />power of sale shall be deemed to apply to the Other Mortgaged Properties located in New Jersey only to if <br />and to the extent permitted by New Jersey law. If any provision of this Mortgage is inconsistent with any <br />applicable provision of New Jersey law, the provision of New Jersey law shall take precedence over the <br />provisions of this Mortgage as affects the Other Mortgaged Properties located in New Jersey, but shall not <br />invalidate or render unenforceable any other provision of this Mortgage that can fairly be construed in a <br />manner consistent with New Jersey law. <br />Section 17.4. Non -Merger. The rights of Administrative Agent set forth herein shall, to the extent <br />not prohibited by law, extend to the period from and after the filing of any suit to foreclose the lien of this <br />Mortgage, the entry of judgment and any subsequent period including any period allowed by law for the <br />redemption of the Other Mortgaged Properties located in New Jersey after any foreclosure sale, and interest <br />shall accrue on the judgment in the same manner and at the same rate as provided in the Credit Agreement, <br />subject only to the usury savings clauses of the Credit Agreement and this Mortgage, until Administrative <br />Agent has received irrevocable payment in full of all Obligations. <br />Section 17.5. Copy of Mortgage. Borrower represents and warrants that it has received a true copy <br />of this Mortgage without charge. <br />Section 17.6. Modification Priority. This Mortgage is subject to "modification" as such term is <br />defined in P.L. 1985 c.353 (N.J.S.A. 46-9-8.1 et seq.) and shall be subject to the priority provisions thereof. <br />Section 17.7. Fixture Financing Statement. Without limiting anything in Section 1.2, this <br />Mortgage constitutes a security agreement under the New Jersey Uniform Commercial Code and shall be <br />deemed to also constitute a fixture financing statement. <br />Section 17.8. Future Advances. Without limiting anything in this Mortgage, this Mortgage is <br />given for the purpose of creating a lien on real property in order to secure existing indebtedness, and also <br />future advances, whether made before or after default or maturity or other similar events, to the same extent <br />as if such future advances were made on the date of the execution hereof, although there may be no advance <br />made at the time of the execution hereof and although there may be no indebtedness outstanding at the time <br />any advance is made. The types of future advances secured by and having priority under this Mortgage <br />shall include, without limitation, (i) advances and re -advances of principal under the Credit Agreement and <br />(ii) disbursements and other advances for the payment of taxes, assessments, maintenance charges, <br />insurance premiums or costs relating to the Other Mortgaged Properties located in New Jersey, for the <br />discharge of liens having priority over the lien of this Mortgage, for the curing of waste of the Other <br />Mortgaged Properties located in New Jersey and for the payment of service charges and expenses incurred <br />by reason of default and including late charges, attorney's fees and court costs, together with interest <br />thereon. The lien of this Mortgage, as to third persons with or without actual knowledge thereof, shall be <br />valid as to all such indebtedness and future advances, from the date of recordation. <br />Section 17.9. Deficiency. Mortgagor waives all rights or defenses arising by reason of any "one <br />action" and any Requirement of Law prohibiting Administrative Agent from making a claim for deficiency, <br />to the extent Administrative Agent is otherwise entitled to a claim for deficiency, whether before or after <br />Administrative Agent's commencement or completion of any foreclosure action or any other action to <br />exercise its remedies hereunder or otherwise available at a law or in equity. <br />60 <br />144646513 <br />
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