Common use of Possession of Loan Instruments Not Necessary Clause in Contracts

Possession of Loan Instruments Not Necessary. All rights of action under the Loan Instruments and this Mortgage may be enforced by the Mortgagee without the possession of the Loan Instruments and without the production thereof at any trial or other proceeding relative thereto.

Possession of Loan Instruments Not Necessary. All rights of action under the Loan Instruments Documents and this Mortgage may be enforced by the Mortgagee without the possession of the Loan Instruments Documents and without the production thereof at any trial or other proceeding relative thereto.