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. (a) If an Event of Default shall have occurred, Mortgagor, upon demand of Mortgagee, shall forthwith surrender to Mortgagee the actual possession and, if 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, and may have joint access with Mortgagor to the books, papers and accounts of Mortgagor.

Mortgagee’s Right to Enter and Take Possession, Operate and Apply Income. (a) If an Event of Default shall have occurred, Mortgagor, upon demand of Mortgagee, shall forthwith surrender to Mortgagee the actual possession andpossession, and if 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, and may have joint access with Mortgagor to the books, papers and accounts of Mortgagor.

Mortgagee’s Right to Enter and Take Possession, Operate and Apply Income. (a1) If an Event of Default shall have occurred, Mortgagor, upon demand of Mortgagee, shall forthwith surrender to Mortgagee the actual possession andof the Mortgaged Property, and if 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, therefrom and may have joint access with Mortgagor to the books, papers and accounts of MortgagorMxxxxxxxx.