Common use of Mortgagee’s Option to Cure Events of Default Clause in Contracts

Mortgagee’s Option to Cure Events of Default. Upon the occurrence of an Event of Default, the mortgagee under any Mortgage will have the right at its option, to cure or remedy such Event of Default within the cure periods set forth herein.

Mortgagee’s Option to Cure Events of Default. Upon the occurrence of an Event of a Default, the mortgagee under any Mortgage will have the right at its option, to cure or remedy such Event of Default within the cure periods set forth herein.