Common use of Compliance with Illinois Mortgage Foreclosure Law Clause in Contracts

Compliance with Illinois Mortgage Foreclosure Law. (a) If any provision in this Mortgage shall be inconsistent with any provision of the Act, provisions of the Act shall take precedence over the provisions of this Mortgage, but shall not invalidate or render unenforceable any other provision of this Mortgage that can be construed in a manner consistent with the Act.

Appears in 3 contracts

Samples: Mortgage, Security Agreement (GK Investment Property Holdings II LLC), Mortgage, Security Agreement (GK Investment Property Holdings II LLC), Mortgage, Security Agreement (Cti Industries Corp)

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Compliance with Illinois Mortgage Foreclosure Law. (a) a. If any provision in this Mortgage shall be inconsistent with any provision of the Act, provisions of the Act shall take precedence over the provisions of this Mortgage, but shall not invalidate or render unenforceable any other provision of this Mortgage that can be construed in a manner consistent with the Act.

Appears in 2 contracts

Samples: Construction Mortgage, Security Agreement (Textura Corp), Mortgage, Security Agreement (National Patent Development Corp)

Compliance with Illinois Mortgage Foreclosure Law. (a) If any provision in of this Mortgage shall be is inconsistent with any applicable provision of the Act, the provisions of the Act shall take precedence over the provisions of this Mortgage, but shall not invalidate or render unenforceable any other provision of this Mortgage that can fairly be construed in a manner consistent with the Act.

Appears in 2 contracts

Samples: Mortgage, Security Agreement and Fixture Filing (Broadwind Energy, Inc.), Fee and Leasehold Mortgage, Security Agreement and Fixture Filing (Broadwind Energy, Inc.)

Compliance with Illinois Mortgage Foreclosure Law. (a) If In -------------------------------------------------- the event that any provision in this Mortgage shall be inconsistent with any provision of the Illinois Mortgage Foreclosure Law (Chapter 110, Sections 15-1101 et seq., Illinois Revised Statutes), as amended from time to time herein called the "Act"), the provisions of the Act shall take precedence over the provisions of this Mortgage, but shall not invalidate or render unenforceable any other provision of this Mortgage that can be construed in a manner consistent with the Act.

Appears in 2 contracts

Samples: Leases and Security Agreement (Safety Kleen Corp/), Demand Loan Agreement (Safety Kleen Corp/)

Compliance with Illinois Mortgage Foreclosure Law. (a) If any provision in of this Mortgage shall be is inconsistent with any applicable provision of the Illinois Mortgage Foreclosure Law, 735 ILCS 5/15-1101, et seq. (the “Act”), the provisions of the Act shall take precedence over the provisions of this Mortgage, but shall not invalidate or render unenforceable any other provision of this Mortgage that can fairly be construed in a manner consistent with the Act.

Appears in 1 contract

Samples: Security Agreement (Inland Real Estate Corp)

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Compliance with Illinois Mortgage Foreclosure Law. (a) If any provision in Provision of this Mortgage shall be is inconsistent with any applicable provision of the Illinois Mortgage Foreclosure Law, 735 ILCS 5/15-1101, et seq. (the “Act”), the provisions of the Act shall take precedence over the provisions of this Mortgage, but shall not invalidate or render unenforceable any other provision of this Mortgage that can fairly be construed in a manner consistent with the Act.

Appears in 1 contract

Samples: Security Agreement (Inland Real Estate Corp)

Compliance with Illinois Mortgage Foreclosure Law. (a) If In the event that any provision in this Mortgage shall be inconsistent with any provision of the Illinois Mortgage Foreclosure Law (735 ILCS 5/15-1101 et seq.), as amended from time to time (herein called the "Act"), the provisions of the Act shall take precedence over the provisions of this Mortgage, . but shall not invalidate or render unenforceable any other provision of this Mortgage that can be construed in a manner consistent with the Act.

Appears in 1 contract

Samples: Day International Group Inc

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