Common use of Receipt of Rents Clause in Contracts

Receipt of Rents. Notwithstanding subsection 11.2, the Lender will allow the Borrower to receive the rents as long as the Borrower is not in Default. If the Lender withdraws this privilege, the Lender may collect such rents and revenues and will be entitled to a reasonable commission, which it may deduct from any amounts collected.

Appears in 9 contracts

Samples: Mortgage, Mortgage, Mortgage

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