Defense and Notice of Claims and Actions. At Grantor’s sole expense, Grantor shall protect, preserve and defend the Property and title to and right of possession of the Property, and the security of this Deed of Trust and the rights and powers of Beneficiary created under it, against all adverse claims of a material nature. Grantor shall give Beneficiary prompt notice in writing if any claim is asserted which does or could affect any such matters, or if any action or proceeding is commenced which alleges or relates to any such claim.
Appears in 3 contracts
Samples: Security Agreement and Fixture Filing (TNP Strategic Retail Trust, Inc.), Security Agreement and Fixture Filing (TNP Strategic Retail Trust, Inc.), Apn (TNP Strategic Retail Trust, Inc.)
Defense and Notice of Claims and Actions. At Grantor’s 's sole expense, Grantor shall protect, preserve and defend the Property and title to and right of possession of the Property, and the security of this Deed of Trust and the rights and powers of Beneficiary created under it, against all adverse claims of a material natureclaims. Grantor shall give Beneficiary prompt notice in writing if any claim is asserted which does or could affect any such matters, or if any action or proceeding is commenced which alleges or relates to any such claim.
Appears in 3 contracts
Samples: Defined Terms (Bluerock Residential Growth REIT, Inc.), Glimcher Realty Trust, Glimcher Realty Trust
Defense and Notice of Claims and Actions. At Grantor’s 's sole expense, Grantor shall protect, preserve and defend the Property and title to and right of possession of the Property, and the security of this Deed deed of Trust trust and the rights and powers of Beneficiary and Trustee created under it, against all adverse claims of a material natureclaims. Grantor shall must give Beneficiary and Trustee prompt notice in writing if any claim is asserted which does or could affect any such of these matters, or if any action or proceeding is commenced which alleges or relates to any such claim.
Appears in 2 contracts
Samples: Owens Realty Mortgage, Inc., Qad Inc
Defense and Notice of Claims and Actions. At Grantor’s sole expense, Grantor shall protect, preserve and defend the Property and title to and right of possession of the Property, and the security of this Deed of Trust and the rights and powers of Beneficiary created under it, against all adverse claims of a material natureclaims. Grantor shall give Beneficiary prompt notice in writing if any claim is asserted which does or could materially affect any such matters, or if any action or proceeding is commenced which alleges or relates to any such claim.
Appears in 1 contract
Samples: Security Agreement (Grubb & Ellis Healthcare REIT II, Inc.)