Common use of Grantor and Lien Not Released Clause in Contracts

Grantor and Lien Not Released. From time to time, Lender may, at Lender's option, without giving notice to or obtaining the consent of Grantor, Grantor's successors or assigns or of any junior lienholder or guarantors, without liability on Lender's part and notwithstanding the occurrence of an Event of Default, extend the time for payment of the sums secured by this Instrument or guaranteed by the Guaranty, reduce the payments thereon, release anyone liable on any of the sums secured by this Instrument or guaranteed by the Guaranty, modify the terms and time of payment of the sums secured by this Instrument, release from the lien of this Instrument any part of the Property, take or release other or additional security, reconvey any part of the Property, consent to any map or plan of the Property, consent to the granting of any easement or join in any extension or subordination agreement. Any actions taken by Lender pursuant to the terms of this paragraph 12 shall not affect the obligation of Grantor or Grantor's successors or assigns to pay the sums secured by this Instrument and to observe the covenants of Grantor contained herein, shall not affect the guaranty of any person, corporation, partnership or other entity for payment of the sums secured hereby, and shall not affect the lien or priority of lien hereof on the Property. Grantor shall pay Lender a reasonable service charge, together with such title insurance premiums and attorney's fees as may be incurred at Lender's option, for any such action if taken at Grantor's request.

Grantor and Lien Not Released. From time to time, Lender may, at Lender's option, without giving notice to or obtaining the consent of Grantor, Grantor's successors or assigns or of any junior lienholder or guarantors, without liability on Lender's part and notwithstanding the occurrence of an Event of Default, extend the time for payment of the sums secured by this Instrument or guaranteed by the GuarantyInstrument, reduce the payments thereon, release anyone liable on any of the sums secured by this Instrument or guaranteed by the GuarantyInstrument, modify the terms and time of payment of the sums secured by this Instrument, release from the lien of this Instrument any part of the Property, take or release other or additional security, reconvey any part of the Property, consent to any map or plan of the Property, consent to the granting of any easement or join in any extension or subordination agreement. Any actions taken by Lender pursuant to the terms of this paragraph 12 shall not affect the obligation of Grantor or Grantor's successors or assigns to pay the sums secured by this Instrument and to observe the covenants of Grantor contained herein, shall not affect the guaranty of any person, corporation, partnership or other entity for payment of the sums secured hereby, and shall not affect the lien or priority of lien hereof on the Property. Grantor shall pay Lender a reasonable service charge, together with such title insurance premiums and attorney's fees as may be incurred at Lender's option, for any such action if taken at Grantor's request.

Grantor and Lien Not Released. From time to time, Lender Beneficiary may, at LenderBeneficiary's option, without giving notice to or obtaining the consent of Grantor, Grantor's successors or assigns or of any junior lienholder or guarantorslienholder, without liability on LenderBeneficiary's part and notwithstanding the occurrence existence of an Event of Default, extend the time for payment of the sums secured by this Instrument Indebtedness or guaranteed by the Guarantyany part thereof, reduce the payments thereon, release anyone liable on any of the sums secured by this Instrument Indebtedness, accept a renewal note or guaranteed by the Guarantynote therefor, modify the terms and time of payment of the sums secured by this InstrumentIndebtedness, release from the lien liens of this Instrument any part of the Property, take or release other or additional security, reconvey any part of the Property, consent to any map or plan of the Property, consent to the granting of any easement or easement, join in any extension or subordination agreement, and agree in writing with Grantor to modify the rate of interest or period of amortization of the Note or change the amount of the installments payable thereunder. Any actions taken by Lender Beneficiary pursuant to the terms of this paragraph 12 section 7.02 shall not affect the obligation of the Grantor or Grantor's successors or assigns to pay the sums secured by this Instrument and to observe the covenants of Grantor contained herein, shall not affect the guaranty of any person, corporation, partnership partnership, or other entity for payment of the sums secured herebyIndebtedness or any part thereof, and shall not affect the lien liens or priority of lien hereof liens of this Instrument on the Property. Grantor shall pay Lender Beneficiary a reasonable service charge, together with such title insurance premiums and attorney's attorneys' fees as may be incurred at LenderBeneficiary's option, for any such action if taken at Grantor's request.

Grantor and Lien Not Released. From time to time, Lender Beneficiary may, at LenderBeneficiary's option, without giving notice to or obtaining the consent of Grantor, Grantor's successors or assigns or of any junior lienholder or guarantorsGuarantor, without liability on LenderBeneficiary's part and notwithstanding the occurrence existence of an Event of Default, extend the time for payment of the sums secured by this Instrument Indebtedness or guaranteed by the Guarantyany part thereof, reduce the payments thereon, release anyone liable on any of the sums secured by this Instrument Indebtedness, accept a renewal note or guaranteed by the Guarantynotes therefor, modify the terms and time of payment of the sums secured by this InstrumentIndebtedness, release from the lien liens of this Instrument Deed of Trust any part of the Property, take or release other or additional security, reconvey any part of the Property, consent to any map or plan of the Property, consent to the granting of any easement or easement, join in any extension or subordination agreement, and agree in writing with Grantor to modify the rate of interest or period of amortization of the Note or change the amount of the installments payable thereunder. Any actions taken by Lender Beneficiary pursuant to the terms of this paragraph 12 Section 8.02 shall not affect the obligation of Grantor or Grantor's successors or assigns to pay the sums secured by this Instrument Deed of Trust and to observe the covenants of Grantor contained herein, shall not affect the guaranty of any person, corporation, partnership partnership, or other entity for payment of the sums secured herebyIndebtedness or any part thereof, and shall not affect the lien liens or priority of lien hereof liens of this Deed of Trust on the Property. Grantor shall pay Lender Beneficiary a reasonable service charge, together with such title insurance premiums and attorney's fees as may be incurred at LenderBeneficiary's option, for any such action if taken at Grantor's request.