Cross Default of Senior Instrument with Supplemental Instrument. As Borrower under both this Supplemental Instrument and the Senior Instrument, Borrower hereby acknowledges and agrees that if there is an Event of Default under the Supplemental Note, this Supplemental Instrument or any other Supplemental Loan Document, such Event of Default shall be an Event of Default under the terms of the Senior Instrument and shall entitle Senior Lender to invoke any and all remedies permitted to Senior Lender by applicable law, the Senior Note, the Senior Instrument or any of the other Senior Loan Documents.
Appears in 9 contracts
Samples: Multifamily Mortgage, Assignment of Rents and Security Agreement (National Property Investors Iii), Multifamily Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing (Century Properties Fund Xiv), Multifamily Mortgage, Assignment of Rents and Security Agreement (National Property Investors 4)
