Common use of Foreclosure of Other Liens Clause in Contracts

Foreclosure of Other Liens. If the holder of any mortgage or other lien on the Mortgaged Property, whether a Permitted Title Exception or not (without hereby implying Mortgagee's consent to any such mortgage or other lien) institutes foreclosure or other proceedings for the enforcement of any of its remedies thereunder;

Appears in 4 contracts

Samples: Mortgage and Security Agreement (Net TALK.COM, Inc.), Construction Loan Agreement (Plasma Therm Inc), Mortgage, Assignment of Rents and Security Agreement (Plasma Therm Inc)

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Foreclosure of Other Liens. If the holder of any mortgage mortgage, deed of trust, deed to secure debt or other lien on the Mortgaged Property, whether a Permitted Title Exception Encumbrance or not (without hereby implying Mortgagee's ’s consent to any such mortgage mortgage, deed of trust, deed to secure debt or other lien) institutes foreclosure or other proceedings for the enforcement of any of its remedies thereunder;.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Goldfield Corp)

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Foreclosure of Other Liens. If the holder of any mortgage or other lien on the Mortgaged Property, whether a Permitted Title Exception or not (without hereby implying Mortgagee's ’s consent to any such mortgage or other lien) institutes foreclosure or other proceedings for the enforcement of any of its remedies thereunder;; or

Appears in 1 contract

Samples: Mortgage, Assignment of Rents and Security Agreement (Ivax Diagnostics Inc)

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