Possession of the Mortgaged Property. Following the occurrence and during the continuance of any Event of Default hereunder and upon demand by ▇▇▇▇▇▇ at its option, ▇▇▇▇▇▇▇▇ shall immediately surrender or cause the surrender of possession of the interest of ▇▇▇▇▇▇▇▇ in the Premises to Lender. If Borrower or any other occupant is permitted to remain in possession, such possession shall be as tenant of Lender and such occupant: (i) shall on demand pay to Lender monthly, in advance, reasonable use and occupancy charges for the space so occupied; and (ii) in default thereof, may be dispossessed by the usual summary proceedings. Following the occurrence and during the continuance of any Event of Default and upon demand by ▇▇▇▇▇▇, Borrower shall assemble any Collateral that constitutes personal property and has been removed from the Land and make it available at the site of the Land. The covenants herein contained may be enforced by a receiver of the Mortgaged Property or any portion thereof. Nothing in this Section 4.02(l) shall be deemed a waiver of the provisions of this Deed of Trust prohibiting the sale or other disposition of the Mortgaged Property without the prior consent of Lender.
Appears in 3 contracts
Sources: Deed of Trust (Kilroy Realty, L.P.), Deed of Trust (Kilroy Realty, L.P.), Deed of Trust (Kilroy Realty, L.P.)
Possession of the Mortgaged Property. Following Upon the occurrence and during the continuance of any Event of Default hereunder and upon demand by ▇▇▇▇▇▇ Lender at its option, ▇▇▇▇▇▇▇▇ Borrower shall immediately surrender or cause the surrender of possession of the interest of ▇▇▇▇▇▇▇▇ in the Premises to Lender. If Borrower or any other occupant (other than tenants occupying space pursuant to the Leases) is permitted to remain in possession, such possession shall be as tenant of Lender and such occupant: (i) shall on demand pay to Lender monthly, in advance, reasonable use and occupancy charges for the space so occupied; and (ii) in default thereof, may be dispossessed by the usual summary proceedings. Following Upon the occurrence and during the continuance of any Event of Default and upon demand by ▇▇▇▇▇▇Lender, Borrower shall assemble any the Collateral that constitutes personal property and has been removed from the Land and make it available at the site any place Lender may designate to allow Lender to take possession and/or dispose of the LandCollateral. The covenants herein contained may be enforced by a receiver of the Mortgaged Property or any portion thereof. Nothing in this Section 4.02(l4.03(1) shall be deemed a waiver of the provisions of this Deed of Trust prohibiting the sale or other disposition of the Mortgaged Property without the prior consent of Lender.
Appears in 1 contract
Sources: Deed of Trust and Security Agreement (Behringer Harvard Opportunity REIT I, Inc.)