Common use of Performance of Defaulted Obligations Clause in Contracts

Performance of Defaulted Obligations. Lender may make any payment or perform any other obligation under the Loan Documents which Trustor has failed to make or perform, and Trustor hereby irrevocably appoints Lender as the true and lawful attorney-in-fact for Trustor to make any such payment and perform any such obligation in the name of Trustor, which appointment is coupled with Lender's interest in the Real Property and the Collateral. All payments made and expenses (including attorneys' fees and legal assistant's fees) incurred by Lender in this connection, together with interest thereon at the Default Rate, as set forth in the Note, from the date paid or incurred until repaid, will be part of the Secured Obligations and will be immediately due and payable by Trustor to Lender.

Performance of Defaulted Obligations. Lender may make any payment or perform any other obligation under the Loan Documents which Trustor Borrower has failed to make or perform, and Trustor Borrower hereby irrevocably appoints Lender as the true and lawful attorney-in-fact for Trustor Borrower to make any such payment and perform any such obligation in the name of TrustorBorrower, which appointment is coupled with Lender's ’s interest in the Real Property and the Collateral. All payments made and expenses (including attorneys' ’ fees and legal assistant's ’s fees) incurred by Lender in this connection, together with interest thereon at the Default Rate, as set forth in the Note, from the date paid or incurred until repaid, will be part of the Secured Obligations and will be immediately due and payable by Trustor Borrower to Lender.

Performance of Defaulted Obligations. Lender may make any payment or perform any other obligation under the Loan Documents which Trustor Borrower has failed to make or perform, and Trustor Borrower hereby irrevocably appoints Lender as the true and lawful attorney-in-fact for Trustor Borrower to make any such payment and perform any such obligation in the name of TrustorBorrower, which appointment is coupled with Lender's interest in the Real Property and the Collateral. All payments made and expenses (including attorneys' fees and legal assistant's fees) incurred by Lender in this connection, together with interest thereon at the Default Rate, as set forth in the Note, from the date paid or incurred until repaid, will be part of the Secured Obligations and will be immediately due and payable by Trustor Borrower to Lender.