Common use of Inspection of the Mortgaged Property Clause in Contracts

Inspection of the Mortgaged Property. ‌ The Mortgagee may (but has no duty to) by itself, its agents or workmen enter and inspect during normal business hours and upon providing reasonable notice to Mortgagor, unless an Event of Default has occurred, any part of the Mortgaged Property for the purpose of inspecting the same and for the purpose of performing any of the acts it is authorized to perform under the terms of this Mortgage.

Appears in 1 contract

Sources: Subordinate Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Financing Statement

Inspection of the Mortgaged Property. ‌ The Mortgagee may (but has no duty to) by itself, its agents or workmen enter and inspect during normal business hours and upon providing reasonable notice to Mortgagor, unless an Event of Default has occurred, any part of the Mortgaged Property for the purpose of inspecting the same and for the purpose of performing any of the acts it is authorized to perform under the terms of this Mortgage.

Appears in 1 contract

Sources: Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Financing Statement (Arts Way Manufacturing Co Inc)