Common use of Nonjudicial Foreclosure Clause in Contracts

Nonjudicial Foreclosure. Lender may (and is hereby authorized and empowered to) foreclose this Security Instrument in accordance with Applicable Law. Sections 26(a) and 26(b) shall not be construed to limit or otherwise affect Lender’s right to elect foreclosure by nonjudicial procedures as set forth in chapters 654 and 655A of the Iowa Code.

Appears in 3 contracts

Samples: Mortgage, Mortgage, Mortgage

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Nonjudicial Foreclosure. Lender may (and is hereby authorized and empowered to) foreclose this Security Instrument in accordance with Applicable Law. Sections 26(a20(a) and 26(b20(b) shall not be construed to limit or otherwise affect Lender’s right to elect foreclosure by nonjudicial procedures as set forth in chapters 654 and 655A of the Iowa Code.

Appears in 1 contract

Samples: Subordinate Mortgage

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