If you have entered into a letter of offer, commitment letter, loan agreement or guarantee with us (the “Contract”) that deals with or is related to the secured commitments or any of them, in the event of a conflict between the term of such mortgage and any provision of the Agreement, the term of the Agreement shall prevail. The provisions of this mortgage and the guarantee of this mortgage are in addition to, but not in place of, other guarantees that we have now or consecutively for the guaranteed commitments or part of them. Secured liabilities may be reduced from time to time to zero without compromising the persistence of that mortgage as collateral for secured liabilities that were subsequently entered into. They will pay, monitor, comply with and fulfil all secured obligations if they are to be paid, monitored, executed and enforced. If the customer does not fulfill or does not fulfill the secured obligations in accordance with the agreed terms, the bank is entitled to satisfy all claims against the guarantor`s customer by unilaterally declaring to the customer that the bank acquires ownership of the payment claim recorded in the deposit account up to the amount of the guaranteed liabilities. . . .
Secured Obligations Loan Agreement