Common use of Waiver of Appraisement, Valuation, Etc Clause in Contracts

Waiver of Appraisement, Valuation, Etc. Borrower agrees, to the full extent permitted by law, that in case of a Default on the part of Borrower hereunder, neither such Borrower nor anyone claiming through or under Borrower hereunder will set up, claim or seek to take advantage of any appraisement, valuation, stay, extension, homestead, exemption or redemption laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this Mortgage, or the absolute sale of the Mortgaged Property owned by Borrower, or the delivery of possession thereof immediately after such sale to the purchaser at such sale, and Borrower, for itself and all who may at any time claim through or under it, hereby waives and renounces to the full extent that it may lawfully so do so, the benefit of all such laws, and any and all right to have the assets subject to the security interest of this Mortgage marshaled upon any foreclosure or sale under the power herein granted.

Appears in 1 contract

Samples: Mortgage and Security Agreement (CNL Healthcare Properties II, Inc.)

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Waiver of Appraisement, Valuation, Etc. Borrower agrees, Mortgagor agrees to the full extent permitted by law, that in case of a an Event of Default on the part of Borrower hereunderMortgagor hereunder and after expiration of any applicable cure period, if any, neither such Borrower Mortgagor nor anyone claiming through or under Borrower hereunder Mortgagor shall or will set up, claim or seek to take advantage of any moratorium, forbearance, appraisement, valuation, stay, extension, homestead, exemption or redemption laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this Mortgage, or the absolute sale of the Mortgaged Property owned by BorrowerPremises, or the delivery of possession thereof immediately after such sale to the purchaser at such sale, and BorrowerMortgagor, for itself and all who may at any time claim through or under it, hereby waives and renounces to the full extent that it may lawfully so do sodo, the benefit of all such laws, and any and all right to have the assets subject to the security interest of this Mortgage marshaled marshalled upon any foreclosure or sale under the power herein granted.

Appears in 1 contract

Samples: Mortgage, Security Agreement (AMP Holding Inc.)

Waiver of Appraisement, Valuation, Etc. Borrower Mortgagor agrees, to the full extent permitted by law, that in case of a an Event of Default on the part of Borrower Mortgagor hereunder, neither such Borrower Mortgagor nor anyone claiming by, through or under Borrower hereunder Mortgagor will set up, claim or seek to take advantage of any moratorium, reinstatement, forbearance, appraisement, valuation, stay, extension, homestead, exemption or redemption laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this Mortgage, or the absolute sale of the Mortgaged Property owned by BorrowerPremises, or the delivery of possession thereof immediately after such sale to the purchaser at such sale, and BorrowerMortgagor, for itself Mortgagor and all who may at any time claim through or under itMortgagor, hereby waives and renounces to the full extent that it may lawfully so do sodo, the benefit of all such laws, and any and all right to have the assets subject to the security interest of this Mortgage marshaled marshalled upon any foreclosure or sale under the power herein granted.

Appears in 1 contract

Samples: Mortgage, Security Agreement (AMP Holding Inc.)

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Waiver of Appraisement, Valuation, Etc. Borrower Each Mortgagor agrees, to the full extent permitted by law, that in case of a Default on the part of Borrower such Mortgagor hereunder, neither such Borrower Mortgagor nor anyone claiming through or under Borrower such Mortgagor hereunder will set up, claim or seek to take advantage of any appraisement, valuation, stay, extension, homestead, exemption or redemption laws now or hereafter in force, in order to prevent or hinder the enforcement or foreclosure of this MortgageDeed of Trust, or the absolute sale of the Mortgaged Property owned by Borrowersuch Mortgagor, or the delivery of possession thereof immediately after such sale to the purchaser at such sale, and Borrowereach Mortgagor, for itself and all who may at any time claim through or under it, hereby waives and renounces to the full extent that it may lawfully so do so, the benefit of all such laws, and any and all right to have the assets subject to the security interest of this Mortgage Deed of Trust marshaled upon any foreclosure or sale under the power herein granted.

Appears in 1 contract

Samples: Trust and Security Agreement (CNL Healthcare Properties, Inc.)

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