Common use of Marshalling and Other Matters Clause in Contracts

Marshalling and Other Matters. Mortgagor hereby waives, to the extent permitted by law, the benefit of all appraisement, valuation, stay, extension, reinstatement and redemption laws now or hereafter in force and all rights of marshalling in the event of any sale hereunder of the Mortgaged Property or any part thereof or any interest therein. Further, Mortgagor hereby expressly waives any and all rights of redemption from sale under any order or decree of foreclosure of this Mortgage on behalf of Mortgagor, and on behalf of each and every person acquiring any interest in or title to the Mortgaged Property subsequent to the date of this Mortgage and on behalf of all persons to the extent permitted by applicable law.

Appears in 17 contracts

Sources: Open End Mortgage Deed and Security Agreement, Mortgage, Security Agreement and Assignment of Leases and Rents (TNP Strategic Retail Trust, Inc.), Mortgage, Assignment of Leases and Rents, and Security Agreement (BMC Industries Inc/Mn/)

Marshalling and Other Matters. Mortgagor hereby waives, to the extent permitted by law, the benefit of all Applicable Laws now or hereafter in force regarding appraisement, valuation, stay, extension, reinstatement and redemption laws now or hereafter in force and all rights of marshalling in the event of any sale hereunder of the Mortgaged Property or any part thereof or any interest therein. Further, Mortgagor hereby expressly waives any and all rights of redemption from sale under any order or decree of foreclosure of this Mortgage on behalf of Mortgagor, and on behalf of each and every person Person acquiring any interest in or title to the Mortgaged Property subsequent to the date of this Mortgage and on behalf of all persons Persons to the extent permitted by applicable lawApplicable Laws.

Appears in 1 contract

Sources: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Par Petroleum Corp/Co)