Common use of Entry Onto Secured Property; Lease of Secured Property Clause in Contracts

Entry Onto Secured Property; Lease of Secured Property. Beneficiary, 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 Beneficiary'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. Beneficiary shall not be liable to account to Grantor for any action taken pursuant hereto other than to account for any Rents actually received by Beneficiary.

Appears in 2 contracts

Samples: Deed of Trust (Trade Street Residential, Inc.), Deed of Trust (Trade Street Residential, Inc.)

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Entry Onto Secured Property; Lease of Secured Property. BeneficiaryLender, 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 BeneficiaryLender'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. Beneficiary Lender shall not be liable to account to Grantor Borrower for any action taken pursuant hereto other than to account for any Rents actually received by BeneficiaryLender.

Appears in 1 contract

Samples: Deed to Secure Debt, Assignment of Leases and Rents and Security Agreement (Systemax Inc)

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Entry Onto Secured Property; Lease of Secured Property. Beneficiary, 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 Beneficiary's ’s judgment, is necessary or proper to conserve the value of the Secured Property. The expenses (including any receiver's ’s fees, attorneys' fees and agent's ’s compensation) incurred pursuant to the powers herein contained shall be secured hereby. Beneficiary shall not be liable to account to Grantor for any action taken pursuant hereto other than to account for any Rents actually received by Beneficiary.

Appears in 1 contract

Samples: Deed of Trust (Trade Street Residential, Inc.)

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