Assignment to Mortgagee. In the event of the foreclosure of this Mortgage or other transfer of the title to the Property in extinguishment of the Secured Indebtedness, all right, title and interest of Mortgagor in and to any insurance policy, or premiums or payments in satisfaction of claims or any other rights under these insurance policies and any other insurance policies covering the Property shall pass to the transferee of the Property.
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Samples: Mortgage, Security Agreement (Taubman Centers Inc), Mortgage, Security Agreement and Fixture Filing (Taubman Centers Inc), Mortgage, Security Agreement and Fixture Filing (Taubman Centers Inc)
Assignment to Mortgagee. In the event of the foreclosure ----------------------- of this Mortgage or other transfer of the title to the Property in extinguishment of the Secured Indebtedness, all right, title and interest of Mortgagor in and to any insurance policy, or premiums or payments in satisfaction of claims or any other rights under these insurance policies and any other insurance policies covering the Property shall pass to the transferee of the Property.in
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