Prior Assignment of Rents. Borrower has not executed any: (1) prior assignment of Rents (other than an assignment of Rents securing prior indebtedness that has been paid off and discharged or will be paid off and discharged with the proceeds of the Mortgage Loan); or (2) instrument which would prevent Lender from exercising its rights under this Loan Agreement or the Security Instrument.
Appears in 2 contracts
Samples: Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)
Prior Assignment of Rents. Borrower has not executed any:
(1) prior assignment of Rents (other than an assignment of Rents securing prior indebtedness that has been paid off and discharged or will be paid off and discharged with the proceeds of the Mortgage LoanInitial Advance or a Future Advance); or
(2) instrument which would prevent Lender from exercising its rights under this Loan Master Agreement or the Security Instrument.
Appears in 1 contract
Samples: Master Credit Facility Agreement (Steadfast Apartment REIT, Inc.)
Prior Assignment of Rents. Borrower has not executed any:
(1) prior assignment of Rents (other than an assignment of Rents securing prior indebtedness that has been paid off and discharged or will be paid off and discharged with the proceeds of the Mortgage LoanInitial Advance or a Future Advance); or
(2) instrument which would prevent Lender from exercising its rights under this Loan Agreement or Master Agreement, the Security Instrument, or the SASA.
Appears in 1 contract
Samples: Master Credit Facility Agreement (Brookdale Senior Living Inc.)
