Common use of Appointment of Bank as Attorney in Fact Clause in Contracts

Appointment of Bank as Attorney in Fact. In the event of default, and without limiting any other rights the Bank might have as a secured party under the Uniform Commercial Code of Iowa, or the laws of any jurisdiction under which the Bank might be exercising rights hereunder, and under this Agreement, Member does hereby make, constitute, and appoint Bank its true and lawful attorney-in-fact to deal with the Collateral and, in its name and stead to release, collect, compromise, settle, and release or record any mortgage of deed or trust which is a part of such Collateral as fully as the Member could do if acting for itself. The powers herein granted are coupled with an interest, and are irrevocable, and full power of substitution is granted to the Bank in the premises.

Appointment of Bank as Attorney in Fact. In the event of default, and without limiting any other rights the Bank might have as a secured party under the Uniform Commercial Code of Iowa, or the laws of any jurisdiction under which the Bank might be exercising rights hereunder, and under this Agreement, Member does hereby make, constitute, constitute and appoint Bank its true and lawful attorney-in-fact to deal with the Collateral and, in its name and stead to release, collect, compromise, settle, settle and release or record any mortgage of deed or trust which is a part of such Collateral as fully as the Member could do if acting for itself. The powers herein granted are coupled with an interest, and are irrevocable, and full power of substitution is granted to the Bank in the premises.

Appointment of Bank as Attorney in Fact. In the event of default, and without limiting any other rights the Bank might have as a secured party under the Uniform Commercial Code of Iowa, or the laws of any jurisdiction under which the Bank might be exercising rights hereunder, and under this Agreement, Member does hereby make, constitute, constitute and appoint Bank its true and lawful attorney-in-fact to deal with the Collateral and, in its name and stead stand to release, collect, compromise, settle, settle and release or record any mortgage of deed or trust which is in a part of such Collateral as fully as the Member could do if acting for itself. The powers herein granted are coupled with an interest, and are irrevocable, and full power of substitution is granted to the Bank in the premises.

Appointment of Bank as Attorney in Fact. In the event of default, and without limiting any other rights the Bank might have as a secured party under the Uniform Commercial Code of Iowa, or the laws of any jurisdiction under which the Bank might be exercising rights hereunder, and under this Agreement, Member does hereby make, constitute, constitute and appoint Bank its true and lawful attorney-in-fact to deal with the Collateral and, in its name and stead to release, collect, compromise, settle, settle and release or record any mortgage of deed or trust which is a part of at such Collateral as fully as the Member could do if acting for itself. The powers herein granted are coupled with an interest, and are irrevocable, and full power of substitution satisfaction is granted to the Bank in the premises.