Persons entitled
- United Trust Bank Limited
Brief description
1. defined terms.. 1.1. chattels: means all stock, goods, moveable plant, machinery, implements, utensils, furniture and equipment now or from time to time placed on or used in or about (but not forming part of)the scheduled property.. 1.2. ‘scheduled property’: means all the property short particulars of which are set out in schedule 2 (‘the scheduled property’), including, without limitation, all ‘fixtures’ (‘fixtures’ means all assets of whatsoever nature, apart from land and buildings, forming part of any freehold or leasehold property owned by the ‘chargor’ and deemed by law to be immovable property other than tenant’s fixtures.) on such property.. 1.2.1. schedule 2 defines ‘the scheduled property’ as the freehold land being old roar house and lodge, old roar road, st leonards-on-sea, east sussex TN37 7HD with the title number HT13251.. 1.3. ‘secured liabilities’: means all moneys, debts and liabilities from time to time due, owing or incurred by the chargor to the bank on any current or other account whatsoever or otherwise in any manner whatsoever, in each case whether present or future; alone or jointly with any other person; actual or contingent; as principal or as surety; in whatsoever name, firm or style, in whatsoever currency denominated.. 2. security: by way of continuing security in favour of the bank for the payment and discharge of the ‘secured liabilities’, the chargor with full title guarantee: charges by way of legal mortgage, the ‘scheduled property’; charges by way of fixed charge any goodwill relating to the ‘scheduled property’ or the business or undertaking conducted at the ‘scheduled property’; assigns absolutely to the bank, the rights; charges by way of fixed charge all rights and interests in and claims made under any insurance policy relating to the ‘scheduled property’ now or at any time after the date of this mortgage; and charges by way of floating charge, all ‘chattels’.
Contains fixed charge.
Contains floating charge.
Contains negative pledge.