Successor Mortgagee. The Mortgagee may, at any time, by instrument in writing, appoint a successor or successors to, or discharge and appoint a new Mortgagee in the place of, any Mortgagee named herein or acting hereunder, which instrument, executed and acknowledged by the Mortgagee, and recorded in the office of the County Recorder of the county wherein the Mortgaged Property is situated, shall be conclusive proof of the proper substitution of such successor or successors or new Mortgagee, who shall have all the estate powers, duties, rights and privileges of the predecessor Mortgagee.
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Samples: Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing Statement (Gas Natural Inc.), Mortgage, Security Agreement, Assignment of Leases and Rents, and Fixture Filing Statement (Blue Ridge Real Estate Co), Mortgage Agreement (Blue Ridge Real Estate Co)
Successor Mortgagee. The Mortgagee may, at any time, by instrument in writing, appoint a successor or successors to, or discharge and appoint a new Mortgagee in the place of, any Mortgagee named herein or acting hereunder, which instrument, executed and acknowledged by the Mortgagee, ; and recorded in the office of the County Recorder of the county wherein the Mortgaged Property Collateral is situated, shall be conclusive proof of the proper substitution of such successor or successors or new Mortgagee, who shall have all the estate powers, duties, rights and privileges of the predecessor Mortgagee.,
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Samples: Mortgage and Security Agreement (Striker Industries Inc)
Successor Mortgagee. The Mortgagee may, at any time, by instrument in writing, appoint a successor or successors to, or discharge and appoint a new Mortgagee in the place of, any Mortgagee named herein or acting hereunder, which instrument, executed and acknowledged by the Mortgagee, Mortgagees and recorded in the office of the County Recorder of the county wherein the Mortgaged Property Collateral is situated, with a copy of such recorded instruments delivered to the Company, shall be conclusive proof of the proper substitution of such successor or successors or new Mortgagee, who shall have all the estate estate, powers, duties, rights, rights and privileges of the predecessor Mortgagee.
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