Common use of Entry on Mortgaged Property Clause in Contracts

Entry on Mortgaged Property. Subject to the provisions of any applicable Mortgaged Lease and applicable law, Trustee or Beneficiary may enter the Mortgaged Property and take exclusive possession thereof and of all books, records and accounts relating thereto or located thereon. If Grantor remains in possession of the Mortgaged Property following the occurrence and during the continuance of an Actionable Default and without Beneficiary’s prior written consent, subject to the provisions of any applicable Mortgaged Lease and applicable law, Beneficiary may invoke any legal remedies to dispossess Grantor.

Entry on Mortgaged Property. Subject to the provisions of any applicable Mortgaged Lease and applicable law, Trustee or Beneficiary may enter the Mortgaged Property and take exclusive possession thereof and of all books, records and accounts relating thereto or located thereon. If Grantor remains in possession of the Mortgaged Property following the occurrence and during the continuance of an Actionable Default and without Beneficiary’s prior written consent, subject to the provisions of any applicable Mortgaged Lease and applicable law, Beneficiary may invoke any legal remedies to dispossess Grantor.