RECOURSE TO BORROWER. The Lender agrees that it shall not seek to enforce any monetary judgment with respect to the Indebtedness evidenced by this Note against the Borrower except through recourse to the Property (as defined in the Deed of Trust), unless the obligation from which the judgment arises is one of the “Carveout Obligations” defined in Section 14.
Appears in 4 contracts
Samples: Secured Promissory Note (AmREIT, Inc.), Secured Promissory Note (Consolidated Capital Properties Iv), Secured Promissory Note (Consolidated Capital Properties Iv)
RECOURSE TO BORROWER. The Lender agrees that it shall not seek to enforce any monetary judgment with respect to the Indebtedness evidenced by this Note against the Borrower except through recourse to the Property (as defined in the Deed of TrustMortgage), unless the obligation from which the judgment arises is one of the “Carveout Obligations” defined in Section 14.
Appears in 3 contracts
Samples: Secured Promissory Note (Davidson Diversified Real Estate Ii Limited Partnership), Secured Promissory Note (Angeles Partners X), Secured Promissory Note (Davidson Diversified Real Estate I Lp)
