Common use of Heirs, Successors and Assigns Included in Parties Clause in Contracts

Heirs, Successors and Assigns Included in Parties. Whenever Mortgagor or Lender is named or referred to herein, heirs and successors and assigns of such person or entity shall be included, and all covenants and agreements contained in this Mortgage shall bind the successors and assigns of Mortgagor, including any subsequent owner of all or any part of the Mortgaged Property and inure to the benefit of the successors and assigns of Lender. This Section 4.1 shall not be construed to permit an assignment, transfer, conveyance, encumbrance or other disposition otherwise prohibited by this Mortgage.

Heirs, Successors and Assigns Included in Parties. Whenever Mortgagor or Lender Bank is named or referred to herein, heirs and successors and assigns of such person or entity shall be included, and all covenants and agreements contained in this Mortgage shall bind the successors and assigns of Mortgagor, including any subsequent owner of all or any part of the Mortgaged Property and inure to the benefit of the successors and assigns of LenderBank. This Section 4.1 shall not be construed to permit an assignment, transfer, conveyance, encumbrance or other disposition otherwise prohibited by this Mortgage.

Heirs, Successors and Assigns Included in Parties. Whenever Mortgagor or Lender Agent is named or referred to herein, heirs and successors and assigns of such person or entity shall be included, and all covenants and agreements contained in this Mortgage shall bind the successors and assigns of Mortgagor, including any subsequent owner of all or any part of the Mortgaged Encumbered Property and inure to the benefit of the successors and assigns of LenderAgent. This Section 4.1 Nothing herein shall not be construed to permit an assignment, transfer, conveyance, encumbrance or other disposition otherwise prohibited by this MortgageMortgage or any other Loan Document.