Persons entitled
- Vernon Property PLC
Brief description
As a continuing security for the payment and discharge of the secured liabilities, the borrower with full title guarantee charges to the lender:. (A) by way of second legal mortgage, the property known as. 1. freehold property known as 314 westleigh lane, leigh WN7 5PW currently registered at the land registry under title number: GM172149, and. 2. freehold property known as land at the rear of 314 westleigh lane, leigh WN7 5PW currently registered at the land registry under title number: GM680769; and. (B) by way of second fixed charge:. (I) all its rights in each insurance policy, including all claims, the proceeds of all claims and all returns of premiums in connection with each insurance policy, the rent and the benefit of any guarantee or security in respect of the rent to the extent not effectively assigned under clause 3.2;. (ii) the benefit of all other contracts, guarantees, appointments and warranties relating to the charged property and other documents to which the borrower is a party or which are in its favour or of which it has the benefit relating to any letting, development, sale, purchase, use or the operation of the charged property or otherwise relating to the charged property (including, in each case, but without limitation, the right to demand and receive all monies whatever payable to or for its benefit under or arising from any of them, all remedies provided for in any of them or available at law or in equity in relation to any of them, the right to compel performance of any of them and all other rights, interests and benefits whatever accruing to or for its benefit arising from any of them);. (Iii) all authorisations (statutory or otherwise) held or required in connection with the borrower’s business carried on at the property or the use of any charged property, and all rights in connection with them; and. (Iv) all monies from time to time standing to the credit of the rent account.
Contains negative pledge.