Common use of Rights of Entry and to Operate Clause in Contracts

Rights of Entry and to Operate. 17.1 ENTRY ON REAL PROPERTY If a Default exists, the Lender may, to the extent permitted by law, enter upon the Real Property and take exclusive possession of the Real Property and of all books, records and accounts, all without Notice and without being guilty of trespass, but subject to the rights of tenants in possession under the Leases. If the Borrower remains in possession of all or any part of the Property after Default and without the Lender’s prior written consent, the Lender may, without Notice to the Borrower, invoke any and all legal remedies to dispossess the Borrower.

Appears in 4 contracts

Samples: Angeles Partners X, Oxford Residential Properties I LTD Partnership, United Investors Income Properties

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