Common use of Additional Security and Guaranty Clause in Contracts

Additional Security and Guaranty. If Mortgagee at any time holds additional security for, or any guaranty of, all or any part of the Indebtedness, Mortgagee may, to the extent permitted by law, foreclose such security or otherwise enforce Mortgagee’s rights with respect to, or realize upon, such security or such guaranty (as the case may be), at Mortgagee’s option, either before or concurrently with or after a foreclosure or other enforcement of this Mortgage, without being deemed to have made an election thereby or to have accepted the benefits of such guaranty, the security of this Mortgage or such additional security (or the proceeds of such security) in full settlement of the Indebtedness and Mortgagee’s rights with respect thereto. Any judgment, order or decree with respect to the Note or with respect to any such guaranty or security, whether rendered in the State of New York or elsewhere, shall not in any manner affect the security of this Mortgage, and any deficiency or other debt represented by said judgment, order or decree shall, to the extent permitted by law, be secured by this Mortgage to the same extent that the Indebtedness was secured hereby prior to the rendering of such judgment.

Additional Security and Guaranty. If Mortgagee at any time holds additional security for, or any guaranty of, all or any part of the Indebtedness, Mortgagee may, to the extent permitted by law, may foreclose such security or otherwise enforce Mortgagee’s 's rights with respect to, or realize upon, such security or such guaranty (as the case may be), at Mortgagee’s 's option, either before or concurrently with or after a foreclosure or other enforcement of this Mortgage, without being deemed to have made an election thereby or to have accepted the benefits of such guaranty, the security of this Mortgage or such additional security (or the proceeds of such security) in full settlement of the Indebtedness and Mortgagee’s 's rights with respect thereto. Any judgment, order judgment or decree with respect to the Note or with respect to any such guaranty or security, whether rendered in the State of New York Connecticut or elsewhere, shall not in any manner affect the security of this Mortgage, and any deficiency or other debt represented by said judgment, order judgment or decree shall, to the extent permitted by law, be secured by this Mortgage to the same extent that the Indebtedness was secured hereby prior to the rendering of such judgment.