Common use of Mortgagee’s Right to Enter and Take Possession, Operate and Apply Income Clause in Contracts

Mortgagee’s Right to Enter and Take Possession, Operate and Apply Income. (i) Mortgagee may demand that Mortgagor surrender the actual possession of the Property and upon such demand, Mortgagor shall forthwith surrender same to Mortgagee and, to the extent permitted by law, Mortgagee itself, or by such officers or agents as it may appoint, may enter and take possession of all of the Property and may exclude Mortgagor and its agents and employees wholly therefrom.

Appears in 4 contracts

Samples: Security Agreement (KBS Real Estate Investment Trust II, Inc.), Rents and Security Agreement (Acadia Realty Trust), Loan Agreement (Acadia Realty Trust)

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Mortgagee’s Right to Enter and Take Possession, Operate and Apply Income. (i) Mortgagee may demand that Mortgagor surrender the actual possession of the Mortgaged Property and upon such demand, Mortgagor shall forthwith surrender same to Mortgagee and, to the extent permitted by law, Mortgagee itself, or by such officers or agents as it may appoint, may enter and take possession of all of the Mortgaged Property and may exclude Mortgagor and its agents and employees wholly therefrom.

Appears in 2 contracts

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

Mortgagee’s Right to Enter and Take Possession, Operate and Apply Income. (i) Mortgagee may demand that Mortgagor Xxxxxxxxx surrender the actual possession of the Property and upon such demand, Mortgagor Xxxxxxxxx shall forthwith surrender same to Mortgagee and, to the extent permitted by law, Mortgagee itself, or by such officers or agents as it may appoint, may enter and take possession of all of the Property and may exclude Mortgagor Xxxxxxxxx and its agents and employees wholly therefrom.

Appears in 1 contract

Samples: Security Agreement (AstroNova, Inc.)

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Mortgagee’s Right to Enter and Take Possession, Operate and Apply Income. (i) Mortgagee may demand that Mortgagor surrender the actual possession of the Mortgaged Property and upon such demand, Mortgagor shall forthwith surrender same to Mortgagee and, to the extent permitted by law, Mortgagee itself, or by such officers or agents as it may appoint, may enter and take possession of all of the Mortgaged Property and may exclude Mortgagor and its agents and employees wholly therefromthereof.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Net TALK.COM, Inc.)

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