Common use of Lender’s Rights Upon Default Clause in Contracts

Lender’s Rights Upon Default. If the Lender declares that the Note and this Mortgage are in default, the Lender will have all rights given by law or set forth in this Mortgage. This includes the right to do any one or more of the following: a. take possession of and manage the Property, including the collection of rents and profits; b. have a court appoint a receiver to accept rent for the Property (I consent to this); c. start a court action, known as foreclosure, which will result in a sale of the Property to reduce my obligations under the Note and this Mortgage; and d. xxx me for any money that I owe the Lender.

Lender’s Rights Upon Default. If the Lender declares that the Note and this Mortgage are in default, the Lender will have all rights given by law or set forth in this Mortgage. This includes the right to do any one or more of the following: a. : take possession of and manage the Property, including the collection of rents and profits; b. ; have a court appoint a receiver to accept rent for the Property (I consent to this); c. ; start a court action, known as foreclosure, which will result in a sale of the Property to reduce my obligations under the Note and this Mortgage; and d. and xxx me for any money that I owe the Lender.

Lender’s Rights Upon Default. If the Lender declares that the Note and this Mortgage are in default, the Lender will have all rights given by law or set forth in this Mortgage. This includes the right to do any one or more of the following: a. take possession of and manage the Property, including the collection of rents and profits; b. have a court appoint a receiver to accept rent for the Property (I consent to this); c. start a court action, known as foreclosure, which will result in a sale of the Property to reduce my obligations under the Note and this Mortgage; and d. xxx sue me for any money that I owe the Lender.