Foreclosure for Installments Sample Clauses

Foreclosure for Installments. To the extent allowed by applicable law, Mortgagee shall also have the option to proceed with foreclosure in satisfaction of any installments of the Senior Secured Note Obligations which have not been paid when due, either through the courts or otherwise, by non-judicial power of sale in satisfaction of the matured but unpaid portion of the Senior Secured Note Obligations as if under a full foreclosure, conducting the sale as herein provided and without declaring the entire principal balance and accrued interest due. Such sale may be made subject to the unmatured portion of the Senior Secured Note Obligations, and any such sale shall not in any manner affect the unmatured portion of the Senior Secured Note Obligations, but as to such unmatured portion of the Senior Secured Note Obligations this Mortgage shall remain in full force and effect just as though no sale had been made hereunder. It is further agreed that several sales may be made hereunder without exhausting the right of sale for any unmatured part of the Senior Secured Note Obligations, it being the intent and purpose hereof to provide for a foreclosure and sale of the security for any matured portion of the Senior Secured Note Obligations without exhausting the power to foreclose and sell the Mortgaged Property for any subsequently maturing portion of the Senior Secured Note Obligations.