Persons entitled
- Lancashire Mortgage Corporation Limited
Brief description
“Property” means:- 417-419 newcastle road, shavington, crewe, CW2 5EB & woodside farm,. Bridgemere lane, hatherton, nantwich, CW5 7PL. “Liabilities” means all monies (whether principal, interest, expenses or otherwise) due to the lender by the mortgagor (whether as principal, surety or otherwise) now or from time to time including all costs, liabilities and expenses property suffered or incurred by the lender in connection with this legal charge or any loan to the mortgagor and interest on all such amounts at the rate under the credit agreement.. “Mortgagor” means the company: epg security systems limited. “Lender” means lancashire mortgage corporation limited. 1. the mortgagor with full title guarantee charges all legal estates or interests in the property (which for the avoidance of doubt includes all rights, licences, guarantees, rents, deposits, contracts, covenants and warranties relating to the property)which belong to the mortgagor now or in the future to the lender by way of legal mortgage (subject to the rights of any prior mortgagees) as a continuing security for the payment and discharge to the lender of the liabilities.. 2. the mortgagor further charges to the lender:. I. By way of equitable mortgage (a) all equitable interests in the property which now or may at any time in the future belong to him (b) any shares or membership rights which the mortgagor holds in any company or association connected with the property and (c) the goodwill of the mortgagor relating to the business carried on at the property, in each case with the payment of the liabilities (but without prejudice to the validity of the legal charge on any legal estate or interest); and. Ii. By way of floating charge, all the undertaking, property, assets and rights of the mortgagor (present and future) wherever situate not effectively mortgaged or charged pursuant to clauses 1 and 2.I.
Contains fixed charge.
Contains floating charge.
Floating charge covers all the property or undertaking of the company.