Common use of Title Insurance Proceeds Clause in Contracts

Title Insurance Proceeds. All proceeds received by and payable to the Mortgagee for any loss under the loan policy or policies of title insurance delivered to the Mortgagee pursuant to Section 1.3.1, or under any policy or policies of title insurance delivered to the Mortgagee in substitution therefor or replacement thereof, shall be the property of the Mortgagee and shall be applied by the Mortgagee in accordance with the provisions of Section 2.3.

Appears in 2 contracts

Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Sterling Chemical Inc), Second Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Sterling Chemical Inc)

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Title Insurance Proceeds. All proceeds received by and payable to the Mortgagee for any loss under the loan policy or policies of title insurance delivered to the Mortgagee pursuant to Section 1.3.1, or under any policy or policies of title insurance delivered to the Mortgagee in substitution therefor or replacement thereof, shall be the property of the Mortgagee and shall be applied by the Mortgagee in accordance with the provisions of Section 2.32.1.

Appears in 1 contract

Samples: Credit Agreement (Sabre Industries, Inc.)

Title Insurance Proceeds. All proceeds received by and payable to the Mortgagee for any loss under the loan title insurance policy or policies of title insurance delivered to the Mortgagee pursuant to under Section 1.3.12.02.01 hereof or otherwise in connection with this Mortgage, or under any title insurance policy or policies of title insurance delivered to the Mortgagee in substitution therefor or in replacement thereof, shall be the property of the Mortgagee and shall be applied by in the Mortgagee manner provided in accordance with the provisions of Section 2.35.08 hereof.

Appears in 1 contract

Samples: Mortgage, Security Agreement and Assignment of Leases and Rents (TNP Strategic Retail Trust, Inc.)

Title Insurance Proceeds. All proceeds received by and ------------------------ payable to the Mortgagee for any loss under the loan policy or policies of title insurance delivered to the Mortgagee pursuant to referenced in Section 1.3.1, or under any policy or policies of title ------------- insurance delivered to the Mortgagee in substitution therefor or replacement thereof, shall be the property of the Mortgagee and shall be applied by the Mortgagee in accordance with the provisions of Section 2.3.. -----------

Appears in 1 contract

Samples: Mortgage (Aristotle Corp)

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Title Insurance Proceeds. All proceeds received by and ------------------------ payable to the Mortgagee for any loss under the loan policy or policies of title insurance delivered to the Mortgagee pursuant to Section 1.3.1, or under any ------------- policy or policies of title insurance delivered to the Mortgagee in substitution therefor or replacement thereof, shall be the property of the Mortgagee and shall be applied by the Mortgagee in accordance with the provisions of Section ------- 2.3.. ---

Appears in 1 contract

Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Jorgensen Earle M Co /De/)

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