Right of Subrogation. Beneficiary is subrogated to the rights, whether legal or equitable, of all beneficiaries, mortgagees, lienholders and owners directly or indirectly paid off or satisfied in whole or in part by any proceeds advanced by Beneficiary under the Loan Documents, regardless of whether these parties assigned or released of record their rights or liens upon payment.
Appears in 4 contracts
Samples: Deed of Trust (Ids Shurgard Income Growth Partners L P Ii), Deed of Trust, Security Agreement and Fixture Filing With Assignment of Leases and Rents (Pacific Aerospace & Electronics Inc), Deed of Trust, Security Agreement and Fixture Filing With Assignment of Leases and Rents (Pacific Aerospace & Electronics Inc)
Right of Subrogation. Beneficiary is subrogated to the rights, whether legal or equitable, of all beneficiaries, mortgagees, lienholders and owners directly or indirectly paid off or satisfied in whole or in part by any proceeds advanced by Beneficiary under the Loan Documents, regardless of whether these such parties assigned or released of record their rights or liens upon payment.
Appears in 4 contracts
Samples: Line of Credit Trust Deed, Security Agreement, Fixture Filing and Assignment of Leases and Rents, Line of Credit Trust Deed, Business Loan Agreement (Coeur D Alenes Co /Ia/)
