Common use of No Conditions Precedent to Exercise of Remedies Clause in Contracts

No Conditions Precedent to Exercise of Remedies. The Borrower shall not be relieved of any obligation by reason of the failure of the Lender to comply with any request of the Borrower or of any other person to take action to foreclose on the Property under the Deed of Trust or otherwise to enforce any provision of the Loan Documents, or by reason of the release, regardless of consideration, of all or any part of the Property, or by reason of any agreement or stipulation between any subsequent owner of the Property and the Lender extending the time of payment or modifying the terms of the Loan Documents without first having obtained the consent of the Borrower; and in the latter event, the Borrower shall continue to be liable to make payments according to the terms of any such extension or modification agreement, unless expressly released and discharged in writing by the Lender.

No Conditions Precedent to Exercise of Remedies. The Borrower Borrowers shall not be relieved of any obligation by reason of the failure of the Lender Lenders to comply with any request of the Borrower Borrowers or of any other person to take action to foreclose on the Property under the Deed of Trust or otherwise to enforce any provision of the Loan Financing Documents, or by reason of the release, regardless of consideration, of all or any part of the Property, or by reason of any agreement or stipulation between any subsequent owner of the Property and the Lender Lenders extending the time of payment or modifying the terms of the Loan Financing Documents without first having obtained the consent of the BorrowerBorrowers; and in the latter event, the Borrower Borrowers shall continue to be liable to make payments according to the terms of any such extension or modification agreement, unless expressly released and discharged in writing by the LenderLenders.

No Conditions Precedent to Exercise of Remedies. The Borrower Borrowers shall not be relieved of any obligation by reason of the failure of the Lender to comply with any request of the Borrower Borrowers or of any other person to take action to foreclose on the Property under the Deed of Trust or otherwise to enforce any provision of the Loan Financing Documents, or by reason of the release, regardless of consideration, of all or any part of the Property, or by reason of any agreement or stipulation between any subsequent owner of the Property and the Lender extending the time of payment or modifying the terms of the Loan Financing Documents without first having obtained the consent of the BorrowerBorrowers; and in the latter event, the Borrower Borrowers shall continue to be liable to make payments according to the terms of any such extension or modification agreement, unless expressly released and discharged in writing by the Lender.