Entry Onto Secured Property; Lease of Secured Property. Mortgagee, at its option, may enter and take possession of the Secured Property and manage and operate the same as provided in Section 4.01, such management and operation to include the right to enter into Leases and new agreements and to take any action which, in Mortgagee’s judgment, is necessary or proper to conserve the value of the Secured Property. The expenses (including any receiver’s fees, attorneys’ fees and agent’s compensation) incurred pursuant to the powers herein contained shall be secured hereby. Mortgagee shall not be liable to account to Mortgagor for any action taken pursuant hereto other than to account for any Rents actually received by Mortgagee.
Appears in 3 contracts
Samples: , Security Agreement and Fixture Filing (Dividend Capital Diversified Property Fund Inc.), Rents and Security Agreement (Industrial Income Trust Inc.), Security Agreement and Fixture Filing (Dividend Capital Total Realty Trust Inc.)
Entry Onto Secured Property; Lease of Secured Property. Upon the occurrence of an Event of Default, Mortgagee, at its option, may enter and take possession of the Secured Property and manage and operate the same as provided in Section 4.01, such management and operation to include the right to enter into Leases and new agreements and to take any action which, in Mortgagee’s judgment, is necessary or proper to conserve the value of the Secured Property. The expenses (including any receiver’s fees, attorneys’ fees and agent’s compensation) incurred pursuant to the powers herein contained shall be secured hereby. Mortgagee shall not be liable to account to Mortgagor for any action taken pursuant hereto other than to account for any Rents actually received by Mortgagee.
Appears in 1 contract
Samples: Security Agreement and Fixture (KBS Real Estate Investment Trust II, Inc.)
