Common use of Release of Mortgaged Premises Clause in Contracts

Release of Mortgaged Premises. Mortgagee shall have the right at any time, and from time to time, at its discretion to release from the lien of this Mortgage all or any part of the Mortgaged Premises without in any way prejudicing its rights with respect to all of the Mortgaged Premises not so released. ARTICLE SIX

Appears in 3 contracts

Samples: Open End First Mortgage Deed, Security Agreement and Fixture (GTJ REIT, Inc.), First Mortgage, Security Agreement and Fixture Filing (Cole Credit Property Trust III, Inc.), Junior First Mortgage, Security Agreement and Fixture Filing (Cole Credit Property Trust III, Inc.)

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Release of Mortgaged Premises. Mortgagee shall have the right at any time, and from time to time, at its discretion to release from the lien of this Mortgage all or any part of the Mortgaged Premises without in any way prejudicing its rights with respect to all of the Mortgaged Premises not so released. [MORTGAGE] Loan No. 18857 ARTICLE SIXSIX SECURITY AGREEMENT

Appears in 1 contract

Samples: First Mortgage, Security Agreement and Fixture Filing (Cole Credit Property Trust III, Inc.)

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