Common use of Leasehold Clause in Contracts

Leasehold. If a leasehold estate constitutes a portion of the Trust Estate, Trustor agrees not to amend, change, terminate or modify such leasehold estate or any interest therein without the prior written consent of Beneficiary. Consent to one amendment, change, agreement or modification shall not be deemed to be a waiver of the right to require consent to other, future or successive amendments, changes, agreements or modifications. Trustor agrees to perform all obligations and agreements under said leasehold and shall not take any action or omit to take any action which would effect or permit the termination of said leasehold. Trustor agrees to promptly notify Beneficiary in writing with respect to any default or alleged default by any party thereto and to deliver to Beneficiary copies of all notices, demands, complaints or other communications received or given by Trustor with respect to any such default or alleged default. Beneficiary shall have the option to cure any such default and to perform any or all of Trustor's obligations thereunder. All sums expended by Beneficiary in curing any such default shall be secured hereby and shall be immediately due and payable without demand or notice and shall bear interest from date of expenditure at the Agreed Rate.

Leasehold. If a leasehold estate constitutes a portion of the Trust Estate, Trustor agrees not to amend, change, terminate or modify such leasehold estate or any interest therein without the prior written consent of Beneficiary. Consent Waiver of consent to one amendment, change, agreement or modification shall not be deemed to be a waiver of the right to require consent to other, future or successive amendments, changes, agreements or modifications. Trustor agrees to perform all obligations and agreements under said the leasehold and shall not take any action or omit to take any action which would effect or permit the termination of said the leasehold. Trustor agrees to promptly notify Beneficiary in writing with respect to any default or alleged default by any party thereto and to deliver to Beneficiary copies of all notices, demands, complaints or other communications received or given by Trustor with respect to any such default or alleged default. Beneficiary shall have the option to cure any such default and to perform any or all of Trustor's ’s obligations thereunder. All sums expended by Beneficiary in curing any such default shall be secured hereby and shall be immediately due and payable without demand or notice and shall bear interest from date of expenditure at the Agreed Ratenotice.

Leasehold. If a leasehold estate constitutes a portion of the Trust Estate, Trustor Borrower agrees not to amend, change, terminate or modify such leasehold estate or any interest therein without the prior written consent of BeneficiaryLender. Consent to one amendment, change, agreement or modification shall will not be deemed to be a waiver of the right to require consent to other, future or successive amendments, changes, agreements or modifications. Trustor agrees to Borrower shall perform all obligations and agreements under said leasehold and shall not take any action or omit to take any action which would effect or permit the termination of said leasehold. Trustor Borrower agrees to promptly notify Beneficiary Lender in writing with respect to any default or alleged default by any party thereto and to deliver to Beneficiary Lender copies of all notices, demands, complaints or other communications received or given by Trustor Borrower with respect to any such default or alleged default. Beneficiary shall have Lender has the option to cure any such default and to perform any or all of TrustorBorrower's obligations thereunder. All sums expended by Beneficiary Lender in curing any such default shall will be secured hereby and shall will be immediately due and payable without demand or notice and shall will bear interest from date of expenditure at the Agreed Default Rate.