Waiver of Acceleration. Lender hereby agrees that it shall not exercise its right to cause all sums secured by the Security Instrument to become immediately due and payable because of the conveyance of the Property and the Collateral from Borrower to Buyer; provided, however, Lender reserves its right under the terms of the Security Instrument or any other Loan Document to accelerate all principal and interest in the event of any subsequent sale, transfer, encumbrance or other conveyance of the Property, the Collateral or any interest in Buyer, except as permitted by the Loan Documents.
Appears in 3 contracts
Samples: Assumption Agreement (Moody National REIT I, Inc.), Assumption agreement (Hartman Short Term Income Properties XX, Inc.), Assumption Agreement (Ixys Corp /De/)
Waiver of Acceleration. Lender hereby agrees that it shall not exercise its right to cause all sums secured by the Security Instrument to become immediately due and payable because of the conveyance of the Property and the Collateral from Borrower to BuyerTransfer contemplated in this Agreement; provided, however, Lender reserves its right under the terms of the Security Instrument Loan Agreement or any other Loan Document to accelerate all principal and interest in the event of any subsequent sale, transfer, encumbrance or other conveyance of the Property, the Collateral Property or any interest in BuyerNew Borrower, except as expressly permitted by the Loan Documents, as amended hereby.
Appears in 1 contract
Samples: Loan Assumption and Substitution Agreement (KBS Strategic Opportunity REIT, Inc.)
