Release of and Resort to Collateral. Beneficiary may release, regardless of consideration, any part of the Mortgaged Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the lien or security interest created in or evidenced by this Deed of Trust or their stature as a lien and security interest in and to the Mortgaged Property.
Appears in 13 contracts
Sources: Mortgage, Line of Credit Mortgage and Deed of Trust (Holly Energy Partners Lp), Mortgage and Deed of Trust (Holly Energy Partners Lp), LLC Interest Purchase Agreement (HollyFrontier Corp)
Release of and Resort to Collateral. Beneficiary may release, regardless of consideration, any part of the Mortgaged Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the lien or security interest interests created in or evidenced by this Deed of Trust the Security Documents or their stature as a first and prior lien and security interest in and to the Mortgaged Property. For payment of the Indebtedness, Beneficiary may resort to any other security therefor held by Trustee in such order and manner as Beneficiary may elect.
Appears in 1 contract
Sources: Security Agreement (Behringer Harvard Short Term Opportunity Fund I Lp)