Rights Under Uniform Commercial Code. In addition to the rights available to a mortgagee of real property, Mortgagee shall also have all the rights, remedies and recourse available to a secured party under the Code including the right to proceed under the provisions of the Code governing default as to any Collateral as defined in this Mortgage which may be included on the Premises or which may be deemed nonrealty in a foreclosure of this Mortgage or to proceed as to such Collateral in accordance with the procedures and remedies available pursuant to a foreclosure of real estate.
Appears in 2 contracts
Samples: Construction/Permanent Mortgage and Security Agreement (Global Income Trust, Inc.), Loan Agreement (Founders Food & Firkins LTD /Mn)
Rights Under Uniform Commercial Code. In addition to the rights available to a mortgagee of real property, the Mortgagee shall also have all the rights, remedies and recourse available to a secured party under the Uniform Commercial Code including the right to proceed under the provisions of the Uniform Commercial Code governing default as to any Collateral as defined in Section 4.1 of this Mortgage which may be included on in the Premises or which may be deemed nonrealty in a foreclosure of this Mortgage or to proceed as to such Collateral in accordance with the procedures and remedies available pursuant to a foreclosure of real estate.
Appears in 2 contracts
Samples: Mortgage and Security Agreement (First Team Sports Inc), Mortgage and Security Agreement (Lundgren Bros Construction Inc)
Rights Under Uniform Commercial Code. In addition to the rights available to a mortgagee of real property, Mortgagee shall also have all the rights, remedies and recourse available to a secured party under the Code including the right to proceed under the provisions of the Code governing default as to any Collateral as defined in this Mortgage which may be included on in the Premises Mortgaged Property or which may be deemed nonrealty non-realty in a foreclosure of this Mortgage or to proceed as to such Collateral in accordance with the procedures and remedies available pursuant to a foreclosure of real estate.
Appears in 2 contracts
Samples: Combination Mortgage, Security Agreement, Assignment of Rents and Fixture Financing Statement (Hei Inc), Combination Mortgage, Security Agreement, Assignment of Rents and Fixture Financing Statement (Hei Inc)
Rights Under Uniform Commercial Code. In addition to the rights available to a mortgagee of real property, Mortgagee shall also have all the rights, remedies and recourse available to a secured party under the Uniform Commercial Code including the right to proceed under the provisions of the Uniform Commercial Code governing default as to any Collateral as defined in this Mortgage property which may be included on is subject to the Premises or which may be deemed nonrealty in a foreclosure of this security interest created by the Mortgage or to proceed as to such Collateral personal property in accordance with the procedures and remedies available pursuant to a foreclosure of real estate.
Appears in 2 contracts
Samples: Mortgage and Security Agreement (Talon Real Estate Holding Corp.), Mortgage and Security Agreement (Navarre Corp /Mn/)
Rights Under Uniform Commercial Code. In addition to the rights available to a mortgagee of real property, Mortgagee shall also have all the rights, remedies and recourse available to a secured party under the Code including Code, including, without limitation, the right to proceed under the provisions of the Code governing default as to any Collateral as defined in this Mortgage property which may be included on is subject to the Premises or which may be deemed nonrealty in a foreclosure of security interest created by this Mortgage or to proceed as to such Collateral personal property in accordance with the procedures and remedies available pursuant to a foreclosure of real estate.
Appears in 1 contract
Samples: Mortgage, Security Agreement and Fixture Financing Statement (Netreit, Inc.)
Rights Under Uniform Commercial Code. In addition to the rights available to a mortgagee of real property, property Mortgagee shall also have all the rights, remedies and recourse available to a secured party under the Uniform Commercial Code including the right to proceed under the provisions of the Uniform Commercial Code governing default as to any Collateral as defined in this Mortgage property which may be included on is subject to the Premises or which may be deemed nonrealty in a foreclosure of this security interest created by the Mortgage or to proceed as to such Collateral personal property in accordance with the procedures and remedies available pursuant to a foreclosure of real estate.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Wsi Industries Inc)