Persons entitled
- Yorkshire Building Society (Trading as Norwich & Peterborough Building Society)
Brief description
As additional security for the borrowings you assign to us, with full title guarantee, the exclusive right to receive the rent.. “Borrowings” has the same meaning as in the npcmc and each and any facility offer between you and us.. “Npcmc” means the norwich & peterborough building society commercial mortgage conditions 2014.. “facility offer” means the offer of advance by the society or (as the case may be) offer of further advance to the borrower which results in a loan or further loan being made.. “Rent” means all payments reserved as rent under any lease of the property, including any increased payments resulting from any rent review and any interest on such payments, including any value added tax charged on such payments.. “Lease” means the lease(s) specified in the schedule to this deed and any lease of the whole or any part of the property granted by you after the date of this deed.. “Property” means the property situate and known as 80 sandgate road, folkestone, kent.
Contains negative pledge.