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 Uniform Commercial 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 Uniform Commercial Code. To the extent permitted by law, 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: Mortgage, Assignment of Rents, Security Agreement and Fixture Filing, Mortgage, Assignment of Rents, Security Agreement and Fixture Filing

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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 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, Xxxxxxxxx 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: Credit Line Deed of Trust, Construction Mortgage

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, Xxxxxxxxx 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 Agreement, Mortgage, Security Agreement and Fixture Filing (Saddlebrook Resorts Inc)

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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, Xxxxxxxxx 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 Filing (Saddlebrook Resorts Inc)

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