Common use of NO CURE OR WAIVER Clause in Contracts

NO CURE OR WAIVER. Neither Beneficiary’s nor Trustee’s nor any receiver’s entry upon and taking possession of all or any part of the Property, nor any collection of Rents, issues, profits, Proceeds, other security or proceeds of other security, or other sums, nor the application of any collected sum to any Obligation, nor the exercise of any other right or remedy by Beneficiary or Trustee or any receiver shall cure or waive any breach, Event of Default or notice of default under this Deed of Trust, or nullify the effect of any notice of default or sale (unless all Obligations then due have been paid and performed and Trustor has cured all other defaults), or impair the status of the security, or prejudice Beneficiary or Trustee in the exercise of any right or remedy, or be construed as an affirmation by Beneficiary of any tenancy, Lease, or option or a subordination of the lien of this Deed of Trust.

NO CURE OR WAIVER. Neither Beneficiary’s nor Trustee’s Lender's nor any receiver’s 's entry upon and taking possession of all or any part of the Property, Property nor any collection of Rents, issuesInsurance Proceeds, profits, ProceedsCondemnation Proceeds or damages, other security or proceeds of other security, or other sums, nor the application of any collected sum to any ObligationSecured Obligations, nor the exercise of any other right or remedy by Beneficiary or Trustee Lender or any receiver shall impair the status of the security, or cure or waive any breach, Event of Default or notice of default under this Deed of Trust, or nullify the effect of any notice of default any Event of Default or sale (unless all Secured Obligations and obligations which are then due have been paid and performed and Trustor Borrower has cured all other defaultsDefaults), or impair the status of the security, or prejudice Beneficiary or Trustee Lender in the exercise of any right or remedy, or be construed as an affirmation by Beneficiary Lender of any tenancy, Lease, Lease or option or a subordination of the lien Lien of this Deed of TrustMortgage.

NO CURE OR WAIVER. Neither Beneficiary’s nor TrusteeLender’s nor any receiver’s entry upon and taking possession of all or any part of the Property, Property nor any collection of Rents, issuesInsurance Proceeds, profits, ProceedsCondemnation Proceeds or damages, other security or proceeds of other security, or other sums, nor the application of any collected sum to any ObligationSecured Obligations, nor the exercise of any other right or remedy by Beneficiary or Trustee Lender or any receiver shall impair the status of the security, or cure or waive any breach, Event of Default or notice of default under this Deed of Trust, or nullify the effect of any notice of default any Event of Default or sale (unless all Secured Obligations and obligations which are then due have been paid and performed and Trustor Borrower has cured all other defaultsDefaults), or impair the status of the security, or prejudice Beneficiary or Trustee Lender in the exercise of any right or remedy, or be construed as an affirmation by Beneficiary Lender of any tenancy, Lease, Lease or option or a subordination of the lien Lien of this Deed of TrustMortgage.

NO CURE OR WAIVER. Neither Beneficiary’s nor TrusteeLender’s nor any receiver’s entry upon and taking possession of all or any part of the Property, Property nor any collection of Rents, issuesInsurance Proceeds, profits, ProceedsCondemnation Proceeds or damages, other security or proceeds of other security, or other sums, nor the application of any collected sum to any ObligationSecured Obligations, nor the exercise of any other right or remedy by Beneficiary or Trustee Lender or any receiver shall impair the status of the security, or cure or waive any breach, Event of Default or notice of default under this Deed of Trust, or nullify the effect of any notice of default any Event of Default or sale (unless all Secured Obligations and obligations which are then due have been paid and performed and Trustor Borrower has cured all other defaultsDefaults), or impair the status of the security, or prejudice Beneficiary or Trustee Lender in the exercise of any right or remedy, or be construed as an affirmation by Beneficiary Lender of any tenancy, Lease, Lease or option or a subordination of the lien Lien of this Deed of Trust.Mortgage. Consolidation Modification Extension and SpreaderAgreement EXH-C Page 49 Loan # 110639502 File # - 123-31366