Common use of Disposal of the Collateral Clause in Contracts

Disposal of the Collateral. In any of the following circumstances, the Mortgagee is entitled to dispose the collateral as per laws, to realize mortgage right: (1) The Debtor breaches the master contract; (2) The Mortgagor breaches the master contract; (3) The circumstances where the Creditor under master contract could realize claims in advance happen; or (4) Other circumstances regarding the disposal of the collateral as mutually agreed by both parties hereto happen.