Rights of Mortgagee Upon Default. Upon the occurrence and continuation of a Default, then in addition to all of Mortgagee’s rights as a “Secured Party” under the UCC or otherwise at law:
Appears in 2 contracts
Samples: Mortgage and Absolute Assignment of Rents and Leases and Security Agreement (Cole Credit Property Trust III, Inc.), Mortgage and Absolute Assignment of Rents and Leases and Security Agreement (Cole Credit Property Trust III, Inc.)
Rights of Mortgagee Upon Default. Upon the occurrence and continuation of a Default, then in addition to all of Mortgagee’s rights as a “Secured Party” under the UCC or otherwise at law:
Appears in 2 contracts
Samples: Leasehold Mortgage and Absolute Assignment of Rents and Leases and Security Agreement (And Fixture Filing) (Lasalle Hotel Properties), Mortgage and Security Agreement (KBS Real Estate Investment Trust, Inc.)
