Common use of No Obligation to Marshal Assets Clause in Contracts

No Obligation to Marshal Assets. No holder of any mortgage, security interest or other encumbrance affecting all or any portion of the Real Property, which encumbrance is inferior to the lien and security interest of this Mortgage, shall have any right to require the Lender to marshal assets.

Appears in 2 contracts

Samples: Mortgage, Security Agreement, Assignment of Leases and Rents, and Fixture Filing (Sanfilippo John B & Son Inc), Mortgage, Security Agreement, Assignment of Leases and Rents, and Fixture Filing (Sanfilippo John B & Son Inc)

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No Obligation to Marshal Assets. No holder of any mortgagedeed of trust, security interest or other encumbrance affecting all or any portion of the Real Property, which encumbrance is inferior to the lien mortgage and security interest of this MortgageDeed of Trust, shall have any right to require the Lender to marshal assets.

Appears in 1 contract

Samples: Deed of Trust, Security Agreement and Fixture Filing (AmREIT, Inc.)

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No Obligation to Marshal Assets. No holder of any mortgage, security interest or other encumbrance affecting all or any portion of the Real Property, which encumbrance is inferior to the lien mortgage and security interest of this Mortgage, shall have any right to require the Lender to marshal assets.

Appears in 1 contract

Samples: Open End Mortgage Deed, Security Agreement and Fixture Filing (GTJ Reit, Inc.)

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