Common use of Acceleration Notice Clause in Contracts

Acceleration Notice. Time is of the essence with respect to the Grantor's obligations hereunder. Upon the occurrence of any Event of Default, at the Beneficiary's option and in addition to any other remedy the Beneficiary may have under the Loan Agreement, the Note, and the other Loan Documents, the Beneficiary may, at its option, declare all sums secured by this Deed of Trust immediately due and payable (except in the case of an Event of Default under clause 23(a) above where no such exercise of an option shall be necessary to the extent the effect of an "Event of Default" thereunder is automatic under the terms of the Loan Agreement itself) and elect to have the Trust Property sold in the manner provided herein. In the event the Beneficiary elects to sell the Trust Property, the Beneficiary may execute or cause the Trustee to execute a written notice of default and of election to cause the Trust Property to be sold to satisfy the obligations hereof, and the Trustee shall file such notice for record in the office of the County Recorder of the county wherein the Trust Property is located. Beneficiary shall also deposit with the Trustee the Note and all documents evidencing expenditures secured by this Deed of Trust.

Acceleration Notice. Time is of the essence with respect to the Grantor's ’s obligations hereunder. Upon the occurrence of any Event of Default, at the Beneficiary's ’s option and in addition to any other remedy the Beneficiary may have under the Loan Agreement, the Note, and the other Loan Documents, the Beneficiary may, at its option, declare all sums secured by this Deed of Trust immediately due and payable (except in the case of an Event of Default under clause 23(aSubparagraph 22(a) above where no such exercise of an option shall be necessary to the extent the effect of an "“Event of Default" ” thereunder is automatic under the terms of the Loan Agreement itself) and elect to have the Trust Property sold in the manner provided herein. In the event the Beneficiary elects to sell the Trust Property, the Beneficiary may execute or cause the Trustee to execute a written notice of default and of election to cause the Trust Property to be sold to satisfy the obligations hereof, and the Trustee shall file such notice for record in the office of the County Recorder of the county wherein the Trust Property is located. Beneficiary shall also deposit with the Trustee the Note and all documents evidencing expenditures secured by this Deed of Trust.

Acceleration Notice. Time is of the essence with respect to the Grantor's ’s obligations hereunder. Upon the occurrence of any Event of Default, at the Beneficiary's ’s option and in addition to any other remedy the Beneficiary may have under the Loan Agreement, the Note, and the other Loan Documents, the Beneficiary may, at its option, declare all sums secured by this Deed of Trust immediately due and payable (except in the case of an Event of Default under clause 23(a22(a) above where no such exercise of an option shall be necessary to the extent the effect of an "“Event of Default" ” thereunder is automatic under the terms of the Loan Agreement itself) and elect to have the Trust Property sold in the manner provided herein. In the event the Beneficiary elects to sell the Trust Property, the Beneficiary may execute or cause the Trustee to execute a written notice of default and of election to cause the Trust Property to be sold to satisfy the obligations hereof, and the Trustee shall file such notice for record in the office of the County Recorder of the county wherein the Trust Property is located. Beneficiary shall also deposit with the Trustee the Note and all documents evidencing expenditures secured by this Deed of Trust.

Acceleration Notice. Time is of the essence with respect to the Grantor's obligations hereunder. Upon the occurrence of any Event of Default, at the Beneficiary's option and in addition to any other remedy the Beneficiary may have under the Loan Agreement, the Note, and the other Loan Documents, the Beneficiary may, at its option, declare all sums secured by this Deed of Trust immediately due and payable (except in the case of an Event of Default under clause 23(aSubparagraph 22(a) above where no such exercise of an option shall be necessary to the extent the effect of an "Event of Default" thereunder is automatic under the terms of the Loan Agreement itself) and elect to have the Trust Property sold in the manner provided herein. In the event the Beneficiary elects to sell the Trust Property, the Beneficiary may execute or cause the Trustee to execute a written notice of default and of election to cause the Trust Property to be sold to satisfy the obligations hereof, and the Trustee shall file such notice for record in the office of the County Recorder of the county wherein the Trust Property is located. Beneficiary shall also deposit with the Trustee the Note and all documents evidencing expenditures secured by this Deed of Trust.