Not Mortgagee in Possession; No Liability. Nothing herein contained shall be construed as constituting the Grantee as "mortgagee in possession" in the absence of the taking of actual possession of the Property by the Grantee pursuant to the provisions hereinafter contained. In the exercise of the powers herein granted the Grantee, no liability shall be asserted or enforced against the Grantee, all such liability being expressly waived and released by the Grantor.
Appears in 4 contracts
Samples: Future Advance Deed to Secure Debt (Roberts Realty Investors Inc), Future Advance Deed to Secure Debt, Assignment of Rents and Leases and Security Agreement (Roberts Realty Investors Inc), Deed to Secure Debt (Roberts Realty Investors Inc)
