Duty of Mortgagee. Mortgagee shall not be liable for any failure to collect, or for any failure to exercise diligence in collecting, any funds assigned hereunder. Mortgagee shall be accountable only for funds actually received.
Appears in 6 contracts
Samples: Agreement to Purchase Sugar Valley Interest (Blast Energy Services, Inc.), Trust, Security Agreement (Lucas Energy, Inc.), Mortgage, Security Agreement (High Plains Gas, Inc.)