Common use of MORTGAGEE’S RIGHT TO PERFORM MORTGAGOR’S OBLIGATIONS Clause in Contracts

MORTGAGEE’S RIGHT TO PERFORM MORTGAGOR’S OBLIGATIONS. Mortgagor agrees that, if Mortgagor fails to perform any act or to pay any money which Mortgagor is required to perform or pay under the Loan Documents or the Unsecured Indemnity Agreement, Mortgagee may, after the occurrence of an Event of Default, make the payment or perform the act at the cost and expense of Mortgagor and in Mortgagor’s name or in its own name. Any money paid by Mortgagee under this Section 11.05 shall be reimbursed to Mortgagee in accordance with Section 11.06.

MORTGAGEE’S RIGHT TO PERFORM MORTGAGOR’S OBLIGATIONS. Mortgagor agrees that, if Mortgagor fails to perform any act or to pay any money which Mortgagor is required to perform or pay under the Loan Documents or the Unsecured Indemnity AgreementDocuments, Mortgagee may, after the occurrence of an Event of Default, make the payment or perform the act at the cost and expense of Mortgagor and in Mortgagor’s 's name or in its own name. Any money paid by Mortgagee under this Section 11.05 ------------- shall be reimbursed to Mortgagee in accordance with Section 11.06.. -------------