Common use of FORBEARANCE BY LENDER NOT A WAIVER Clause in Contracts

FORBEARANCE BY LENDER NOT A WAIVER. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any right or remedy. The acceptance by Lender of payment of any sums secured by this Instrument after the due date of such payment shall not be a waiver of Lender's right to either require prompt payment when due of all other sums so secured or to declare a default for failure to make prompt payment. The procurement of insurance or the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the sums secured by this Instrument, nor shall Lender's receipt of any awards, proceeds or damages under paragraphs 5 and 11 hereof operate to cure or waive Grantor's default in payment of sums secured by this Instrument.

FORBEARANCE BY LENDER NOT A WAIVER. Any forbearance by Lender in exercising any right or remedy hereunder, or otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any right or remedy. The acceptance by Lender of payment of any sums sum secured by this Instrument after the due date of such payment shall not be have a waiver of Lender's right to either require prompt payment when due of all other sums so secured or to declare a default for failure to make prompt payment. The procurement of insurance or Insurance, of the payment of taxes or other liens or charges by Lender shall not be a waiver of Lender's right to accelerate the maturity of the sums secured by this InstrumentIndebtedness, nor shall Lender's receipt receipts of any awards, proceeds or damages under paragraphs 5 and 11 hereof Section 6.05 or 6.08 operate to cure or to waive GrantorBorrower's default in payment of sums secured by this Instrument.