Common use of Rights as a Secured Party Clause in Contracts

Rights as a Secured Party. Lender shall have, in addition to other rights and remedies available at law or in equity, the rights and remedies of a secured party under the Code. Lender may elect to foreclose such of the Property as then comprise fixtures pursuant either to the law applicable to foreclosure of an interest in real estate or to that applicable to personal property under the Code. To the extent permitted by law, Borrower waives the right to any stay of execution and the benefit of all exemption laws now or hereafter in effect.

Appears in 2 contracts

Samples: Mortgage, Security Agreement and Fixture, Mortgage, Security Agreement and Fixture (Saddlebrook Resorts Inc)

AutoNDA by SimpleDocs

Rights as a Secured Party. Lender shall have, in addition to other rights and remedies available at law or in equity, the rights and remedies of a secured party under the Uniform Commercial Code. Lender may elect to foreclose such of the Property as then comprise fixtures Fixtures pursuant either to the law applicable to foreclosure of an interest in real estate or to that applicable to personal property under the Uniform Commercial Code. To the extent permitted by law, Borrower Xxxxxxxxx waives the right to any stay of execution and the benefit of all exemption laws now or hereafter in effect.

Appears in 2 contracts

Samples: Security Agreement and Fixture, Security Agreement and Fixture

Rights as a Secured Party. Lender shall have, in addition to other rights and remedies available at law or in equity, the rights and remedies of a secured party under the Uniform Commercial Code. Lender may elect to foreclose such of the Property as then comprise fixtures Fixtures pursuant either to the law applicable to foreclosure of an interest in real estate or to that applicable to personal property under the Uniform Commercial Code. To the extent permitted by law, Borrower Grantor waives the right to any stay of execution and the benefit of all exemption laws now or hereafter in effect.

Appears in 2 contracts

Samples: Security Agreement and Fixture Filing, www.truist.com

AutoNDA by SimpleDocs

Rights as a Secured Party. Lender shall have, in addition to other rights and remedies available at law or in equity, the rights and remedies of a secured party under the Code. Lender may elect to foreclose such of the Property as then comprise fixtures pursuant either to the law applicable to foreclosure of an interest in real estate or to that applicable to personal property under the Code. To the extent permitted by law, Borrower Xxxxxxxx waives the right to any stay of execution and the benefit of all exemption laws now or hereafter in effect.

Appears in 1 contract

Samples: Mortgage, Security Agreement and Fixture (Saddlebrook Resorts Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.