Common use of Mortgagee's Right to Perform Under Leases Clause in Contracts

Mortgagee's Right to Perform Under Leases. Should Mortgagor fail to perform, comply with or discharge any obligations of Mortgagor under any Lease or should Mortgagee become aware of or be notified by any tenant under any Lease of a failure on the part of Mortgagor to so perform, comply with or discharge its obligations under said Lease, Mortgagee may, but shall not be obligated to, and without further demand upon Mortgagor, and without waiving or releasing Mortgagor from any obligation in this Mortgage contained, remedy such failure, and Mortgagor agrees to repay upon demand all sums incurred by Mortgagee in remedying any such failure together with interest at the Interest Rate in effect from time to time. All such sums, together with interest as aforesaid shall become so much additional Indebtedness Secured Hereby, but no such advance shall be deemed to relieve Mortgagor from any default hereunder.

Mortgagee's Right to Perform Under Leases. Should Mortgagor fail to perform, comply with or discharge any obligations of Mortgagor under any Lease lease, or should Mortgagee become aware of or be notified by any tenant under any Lease lease of a failure on the part of Mortgagor to so perform, comply with or discharge its obligations under said Leaselease, then Mortgagee may, but shall not be obligated to, and without further demand upon Mortgagor, Mortgagor and without waiving or releasing Mortgagor from any obligation contained in this Mortgage containedInstrument, remedy such failure, and Mortgagor Xxxxxxxxx agrees to repay upon demand all sums incurred by Mortgagee in remedying any such failure together with interest at the Interest Rate rate as specified in effect from time to timethe Note. All such sums, together with interest as aforesaid shall become so much additional Indebtedness Secured HerebyObligations, but no such advance shall be deemed to relieve Mortgagor from any default hereunder.

Mortgagee's Right to Perform Under Leases. Should Mortgagor fail to perform, comply with or discharge any obligations of Mortgagor under any Lease or should Mortgagee become aware of or be notified by any tenant under any Lease of a failure on the part of Mortgagor to so perform, comply with or discharge its obligations under said Lease, Mortgagee may, but shall not be obligated to, and without further demand upon Mortgagor, and without waiving or releasing Mortgagor from any obligation contained in this Mortgage containedMortgage, remedy such failure, and Mortgagor agrees to repay upon demand all sums incurred by Mortgagee in remedying any such failure together with interest at the Interest Default Rate in effect from time to time(as defined under the Note). All such sums, together with interest as aforesaid shall become so much additional Indebtedness Secured Hereby, but no such advance shall be deemed to relieve the Mortgagor from any default hereunder.

Mortgagee's Right to Perform Under Leases. Should Mortgagor fail to perform, comply with or discharge any obligations of Mortgagor under any Lease lease of all or any part of the Premises or should Mortgagee become aware of or be notified by any tenant under any Lease such lease of a failure on the part of Mortgagor to so perform, comply with or discharge its obligations under said Leaselease, Mortgagee may, but shall not be obligated to, and without further demand upon Mortgagor, Mortgagor and without waiving or releasing Mortgagor from any obligation contained in this Mortgage containedMortgage, remedy such failure, and Mortgagor agrees to repay upon demand all sums incurred by Mortgagee in remedying any such failure Loan No. 09090 23 including, without limitation, Mortgagee’s attorneys’ fee together with interest at the Interest Rate in effect from time to timeDefault Rate. All such sums, together with interest as aforesaid shall become so much additional Indebtedness Secured HerebyIndebtedness, but no such advance shall be deemed to relieve Mortgagor from any default hereunder.

Mortgagee's Right to Perform Under Leases. Should the ----------------------------------------- Mortgagor fail to perform, comply with or discharge any obligations of Mortgagor under any Lease lease or should the Mortgagee become aware of or be notified by any tenant under any Lease lease of a failure on the part of Mortgagor to so perform, comply with or discharge its obligations under said Leaselease, Mortgagee may, but shall not be obligated to, and without further demand upon the Mortgagor, and without waiving or releasing Mortgagor from any obligation in this Mortgage contained, remedy such failure, and the Mortgagor agrees to repay upon demand all sums incurred by the Mortgagee in remedying any such failure together with interest at the Interest Rate then rate in effect from time to timeon the Note. All such sums, together with interest as aforesaid shall become so much additional Indebtedness Secured Herebyindebtedness secured by this Mortgage, but no such advance shall be deemed to relieve the Mortgagor from any default hereunder.