Common use of Extension, Release, etc Clause in Contracts

Extension, Release, etc. Without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or therefore released as security for the full amount of all unpaid obligations, Mortgagee may, from time to time and without notice, agree to (i) release any persons so liable, (ii) extend the maturity or alter any of the terms of any such obligation (provided, however, that Borrowers shall have consented to any such extension or alteration), (iii) grant other indulgences, release or reconvey, or caused to be released or reconveyed at any at Mortgagee's option any parcel, portion or all of the Mortgaged Property, (iv) take or release any other or additional security for the Indebtedness, or (v) make compromises or other arrangements with debtors in relation thereto.

Extension, Release, etc. (a) Without affecting the lien or charge of this Mortgage upon any portion of the Mortgaged Property not then or therefore theretofore released as security for the full amount of all unpaid obligationsthe Indebtedness, Mortgagee may, from time to time and without notice, agree to (i) release any persons so liableperson liable for the Indebtedness, (ii) extend the maturity or alter any of the terms of the Indebtedness or any such obligation (provided, however, that Borrowers shall have consented to any such extension or alteration)guaranty thereof, (iii) grant other indulgences, (lv) release or reconvey, or caused cause to be released or reconveyed at any time at Mortgagee's option any parcel, portion or all of the Mortgaged Property, (ivv) take or release any other or additional security for the Indebtednessany obligation herein mentioned, or (vvi) make compromises or other arrangements with debtors in relation thereto.make