Common use of AUTHORITY TO PERFORM Clause in Contracts

AUTHORITY TO PERFORM. If Xxxxxxxxx fails to perform any duty or any of the covenants contained in this Security Instrument, Lender may, without notice, perform or cause them to be performed. Xxxxxxxxx appoints Xxxxxx as attorney in fact to sign Xxxxxxxxx’s name or pay any amount necessary for performance. Xxxxxx’s right to perform for Xxxxxxxxx will not create an obligation to perform, and Xxxxxx’s failure to perform will not preclude Lender from exercising any of Lender’s other rights under the law or this Security Instrument. If any construction on the Property is discontinued or not carried on in a reasonable manner, Lender may take all steps necessary to protect Xxxxxx’s security interest in the Property, including completion of the construction.

Appears in 2 contracts

Samples: Mortgage (CTD Holdings Inc), Mortgage (Nova Biosource Fuels, Inc.)

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AUTHORITY TO PERFORM. If Xxxxxxxxx fails to perform any duty or any of the covenants contained in this Security InstrumentMortgage, Lender may, without notice, perform or cause them to be performed. Xxxxxxxxx appoints Xxxxxx as attorney in fact to sign Xxxxxxxxx’s 's name or pay any amount necessary for performance. Xxxxxx’s 's right to perform for Xxxxxxxxx will Mortgagor shall not create an obligation to perform, and Xxxxxx’s 's failure to perform will not preclude Lender from exercising any of Lender’s 's other rights under the law or this Security InstrumentMortgage. If any construction on the Property is discontinued or not carried on in a reasonable manner, Lender may take all steps necessary to protect Xxxxxx’s 's security interest in the Property, including completion of the construction.

Appears in 1 contract

Samples: Mortgage (YTB International, Inc.)

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AUTHORITY TO PERFORM. If Xxxxxxxxx fails to perform any duty or any of the covenants contained in this Security Instrument, Lender may, without notice, perform or cause them to be performed. Xxxxxxxxx appoints Xxxxxx as attorney in fact to sign Xxxxxxxxx’s 's name or pay any amount necessary for performance. Xxxxxx’s 's right to perform for Xxxxxxxxx will not create an obligation to perform, and Xxxxxx’s 's failure to perform will not preclude Lender from exercising any of Lender’s Xxxxxx's other rights under the law or this Security Instrument. If any construction on the Property is discontinued or not carried on in a reasonable manner, Lender may take all steps necessary to protect Xxxxxx’s 's security interest in the Property, including completion of the construction.

Appears in 1 contract

Samples: Mortgage (Manufactured Housing Properties Inc.)

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