Common use of Other Mortgages Clause in Contracts

Other Mortgages. If the Borrower has mortgaged, charged or granted any interest or security in any other property to the Lender to secure payment of any of the Indebtedness or the Obligations, the Lender may take all proceedings under any of those mortgages, charges, grants of interest or security as the Lender decides and as permitted by Applicable Laws.