Common use of BORROWER AND LIEN NOT RELEASED Clause in Contracts

BORROWER AND LIEN NOT RELEASED. Without affecting the liability of Borrower or any other person liable for the payment of the Indebtedness, and without affecting the lien or charge of this Mortgage as security for the payment of the Indebtedness, Lender may, from time to time and without notice to any junior lien holder or holder of any right or other interest in and to the Property: (a) release any person so liable, (b) waive or modify any provision of this Mortgage or the other Loan Documents or grant other indulgences, (c) release all or any part of the Property, (d) take additional security for any obligation herein mentioned, (e) subordinate the lien or charge of this Mortgage, (f) consent to the granting of any easement, or (g) consent to any map or plan of the Property.

Appears in 8 contracts

Sources: Mortgage, Security Agreement and Fixture Filing (NNN Healthcare/Office REIT, Inc.), Mortgage, Assignment of Rents and Security Agreement (Historic Preservation Properties 1989 Limited Partnership), Mortgage, Security Agreement and Fixture Filing (Equity Lifestyle Properties Inc)

BORROWER AND LIEN NOT RELEASED. Without affecting the liability of Borrower or any other person liable for the payment of the Indebtedness, and without affecting the lien or charge of this Mortgage as security for the payment of the Indebtedness, Lender may, from time to time and without notice to any junior lien holder or holder of any right or other interest in and to the Property: (a) release any person so liable, ; (b) waive or modify any provision of this Mortgage or the other Loan Documents or grant other indulgences, ; (c) release all or any part of the Property, ; (d) take additional security for any obligation herein mentioned, ; (e) subordinate the lien or charge of this Mortgage, ; (f) consent to the granting of any easement, ; or (g) consent to any map or plan of the Property.

Appears in 3 contracts

Sources: Open End Mortgage (Balanced Care Corp), Open End Mortgage, Assignment of Rents and Security Agreement (Balanced Care Corp), Credit Line Deed of Trust, Assignment of Rents and Security Agreement (Balanced Care Corp)

BORROWER AND LIEN NOT RELEASED. Without affecting the liability of Borrower or any other person liable for the payment of the Indebtedness, and without affecting the lien or charge of this Mortgage as security for the payment of the Indebtedness, Lender may, from time to time and without notice to any junior lien holder or holder of any right or other interest in and to the Property: (a) release any person so liable, ; (b) waive or modify any provision of this Mortgage or the other Loan Documents or grant other indulgences, ; (c) release all or any part of the Property, ; (d) take additional security for any obligation herein mentioned, ; (e) subordinate the lien or charge of this Mortgage, ; (f) consent to the granting of any easement, ; or (g) consent to any map map, plat or plan of the Property.. 14. UNIFORM COMMERCIAL CODE

Appears in 1 contract

Sources: Real Property Mortgage With Power of Sale and Security Agreement (Emeritus Corp\wa\)

BORROWER AND LIEN NOT RELEASED. Without affecting the liability of Borrower or any other person liable for the payment of the Indebtedness, and without affecting the lien or charge of this Mortgage as security for the payment of the Indebtedness, Lender may, from time to time and without notice to any junior lien holder or holder of any right or other interest in and to the Property: (a) release any person so liable, (b) waive or modify any provision of this Mortgage or the other Loan Documents or grant other indulgences, (c) release all or any part of the Property, (d) take additional security for any obligation herein mentioned, (e) subordinate the lien or charge of this Mortgage, (f) consent to the granting of any easement, or (g) consent to any map map, plat or plan of the Property.

Appears in 1 contract

Sources: Mortgage Consolidation, Assignment of Rents, Security Agreement and Fixture Filing (Merrill Lynch & Co Inc)