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.
Appears in 3 contracts
Samples: Mortgage, Security Agreement (Gas Natural Inc.), Mortgage, Security Agreement (Blue Ridge Real Estate Co), Mortgage, Security 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.,
Appears in 1 contract
Samples: Mortgage and Security Agreement (Striker Industries Inc)
