Common use of Additional Rights of Lender Clause in Contracts

Additional Rights of Lender. (a) Lender may take or release other security for the payment of the Loan and other indebtedness secured by the Loan Documents, may release any party primarily or secondarily liable therefor and may apply any other security held by it to the satisfaction of the Loan and such other indebtedness without prejudice to any of its rights under this Assignment. (b) Lender may at any time and from time to time in writing (i) waive compliance by Assignor with any covenant herein made by Assignor to the extent and in the manner specified in such writing; (ii) consent to Assignor doing any act that hereunder Assignor is prohibited from doing, or consent to Assignor failing to do any act which hereunder Assignor is required to do, to the extent and in the manner specified in such writing; or (iii) release any portion of the Subject Property and/or the Leases, or any interest therein, from this Assignment. No such act shall in any way impair the rights of Lender hereunder except to the extent specifically agreed to by Lender in such writing. (c) The rights and remedies of Lender hereunder shall not be impaired by any indulgence, including, but not limited to, (i) any renewal, extension, or modification that Lender may grant with respect to any indebtedness secured hereby; (ii) any surrender, compromise, release, renewal, extension, exchange, or substitution that Lender may grant in respect of any item of the Subject Property and/or the Leases or any part thereof or any interest therein; or (iii) any release or indulgence granted to any endorser, guarantor, or surety of any indebtedness secured hereby.

Additional Rights of Lender. (a) The failure of Lender to insist upon strict performance of any term hereof shall not be deemed to be a waiver of any term of this Security Instrument. Borrower shall not be relieved of Borrower’s obligations hereunder by reason of (i) the failure of Lender to comply with any request of Borrower or any Guarantor to take any action to foreclose this Security Instrument or otherwise enforce any of the provisions hereof or of the Note or the other Loan Documents, (ii) the release, regardless of consideration, of the whole or any part of the Property, or of any Person liable for the Debt or any portion thereof, or (iii) any agreement or stipulation by Lender extending the time of payment or otherwise modifying or supplementing the terms of the Note, this Security Instrument or the other Loan Documents (b) It is agreed that the risk of loss or damage to the Property is on Borrower, and Lender shall have no liability whatsoever for decline in value of the Property, for failure to maintain the insurance policies, or for failure to determine whether insurance in force is adequate as to the amount of risks insured, (c) Trustee or Lender may take or release other security resort for the payment of the Loan and other indebtedness secured by the Loan Documents, may release any party primarily or secondarily liable therefor and may apply Debt to any other security for the debt held by it Trustee or Lender in such order and manner as Trustee or Lender, in its discretion, may elect Lender may take action to recover the satisfaction of the Loan and such other indebtedness Debt, or any portion thereof, or to enforce any covenant hereof without prejudice to any the right of its rights under Trustee or Lender thereafter to foreclose this Assignment. (b) Lender may at any time and from time to time in writing (i) waive compliance by Assignor with any covenant herein made by Assignor to the extent and in the manner specified in such writing; (ii) consent to Assignor doing any act that hereunder Assignor is prohibited from doing, or consent to Assignor failing to do any act which hereunder Assignor is required to do, to the extent and in the manner specified in such writing; or (iii) release any portion of the Subject Property and/or the Leases, or any interest therein, from this AssignmentSecurity Instrument. No such act shall in any way impair the The rights of Lender hereunder except and Trustee under this Security Instrument shall be separate, distinct and cumulative and none shall be given effect to the extent specifically agreed exclusion of the others. No act of Trustee or Lender shall be construed as an election to by proceed under any one provision herein to the exclusion of any other provision. Lender in such writing. (c) The and Trustee shall not be limited exclusively to the rights and remedies of Lender hereunder herein stated but shall not be impaired by any indulgence, including, but not limited to, (i) any renewal, extension, entitled to every right and remedy now or modification that Lender may grant with respect to any indebtedness secured hereby; (ii) any surrender, compromise, release, renewal, extension, exchange, hereafter afforded at law or substitution that Lender may grant in respect of any item of the Subject Property and/or the Leases or any part thereof or any interest therein; or (iii) any release or indulgence granted to any endorser, guarantor, or surety of any indebtedness secured hereby.equity

Additional Rights of Lender. (a) Lender may take or release other security for the payment of the Loan and other indebtedness secured by the Loan Documents, may release any party primarily or secondarily liable therefor and may apply any other security held by it to the satisfaction of the Loan and such other indebtedness without prejudice to any of its rights under this Assignment. (b) Lender may at any time and from time to time in writing (i) waive compliance by Assignor with any covenant herein made by Assignor to the extent and in the manner specified in such writing; (ii) consent to Assignor doing any act that hereunder Assignor is prohibited from doing, or consent to Assignor failing to do any act which hereunder Assignor is required to do, to the extent and in the manner specified in such writing; or (iii) release any portion of the Subject Property and/or the Leases, or any interest therein, from this Assignment. No such act shall in any way impair the rights of Lender hereunder except to the extent specifically agreed to by Lender Xxxxxx in such writing. (c) The rights and remedies of Lender hereunder shall not be impaired by any indulgence, including, but not limited to, (i) any renewal, extension, or modification that Lender may grant with respect to any indebtedness secured hereby; (ii) any surrender, compromise, release, renewal, extension, exchange, or substitution that Lender may grant in respect of any item of the Subject Property and/or the Leases or any part thereof or any interest therein; or (iii) any release or indulgence granted to any endorser, guarantor, or surety of any indebtedness secured hereby.