COLLATERAL SECURITY INSTRUMENTS. Trustor covenants and agrees that if Beneficiary at any time holds additional security for any obligations secured by this Deed of Trust, it may enforce its rights and remedies with respect to the security, at its option, either before, concurrently or after a sale of the Property is made pursuant to the terms of this Deed of Trust. Beneficiary may apply the proceeds of the additional security to the Secured Indebtedness without affecting or waiving any right to any other security, including the security under this Deed of Trust, and without waiving any breach or default of Trustor under this Deed of Trust or any other Loan Document.
Appears in 5 contracts
Samples: Security Agreement and Fixture Filing (Strategic Hotels & Resorts, Inc), Security Agreement and Fixture Filing (Maguire Properties Inc), Security Agreement and Fixture Filing (Strategic Hotels & Resorts, Inc)
COLLATERAL SECURITY INSTRUMENTS. Trustor Grantor covenants and agrees that if Beneficiary at any time holds additional security for any obligations secured by this Deed of Trust, it may enforce its rights and remedies with respect to the security, at its option, either before, concurrently or after a sale of the Property is made pursuant to the terms of this Deed of Trust. Beneficiary may apply the proceeds of the additional security to the Secured Indebtedness without affecting or waiving any right to any other security, including the security under this Deed of Trust, and without waiving any breach or default of Trustor Grantor under this Deed of Trust or any other Loan Document.
Appears in 2 contracts
Samples: Security Agreement (Wells Real Estate Investment Trust Inc), Defined Terms (Wells Real Estate Investment Trust Inc)
COLLATERAL SECURITY INSTRUMENTS. Trustor Grantor covenants and agrees that if Beneficiary at any time holds additional security for any obligations secured by this Deed of Trust, it may enforce its rights and remedies with respect to the security, at its option, either before, concurrently or after a sale of the Property is made pursuant to the terms of this Deed of Trust. Trust Beneficiary may apply the proceeds of the additional security to the Secured Indebtedness without affecting or waiving any right to any other security, including the security under this Deed of Trust, and without waiving any breach or default of Trustor Grantor under this Deed of Trust or any other Loan Document.
Appears in 1 contract
Samples: Washington Corp
