Common use of Waiver of Foreclosure Defense Clause in Contracts

Waiver of Foreclosure Defense. Mortgagor hereby waives any defense Mortgagor might assert or have by reason of Mortgagee’s failure to make any tenant or lessee of the Property a party defendant in any foreclosure proceeding or action instituted by Mortgagee.

Appears in 9 contracts

Samples: Security Agreement and Fixture Filing (FelCor Lodging Trust Inc), Security Agreement and Fixture Filing (FelCor Lodging LP), Security Agreement and Fixture Filing (Par Petroleum Corp/Co)

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Waiver of Foreclosure Defense. Mortgagor hereby waives any defense Mortgagor might assert or have by reason of Mortgagee’s 's failure to make any tenant or lessee of the Property a party defendant in any foreclosure proceeding or action instituted by Mortgagee.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (FelCor Lodging Trust Inc)

Waiver of Foreclosure Defense. Mortgagor hereby waives any defense Mortgagor might assert or have by reason of Mortgagee’s 's failure to make any tenant or lessee Tenant of the Property a party defendant in any foreclosure proceeding or action instituted by Mortgagee.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (FelCor Lodging Trust Inc)

Waiver of Foreclosure Defense. Each Mortgagor hereby waives any defense such Mortgagor might assert or have by reason of Mortgagee’s failure to make any tenant or lessee of the Property a party defendant in any foreclosure proceeding or action instituted by Mortgagee.

Appears in 1 contract

Samples: Fixture Filing and Security Agreement (FelCor Lodging Trust Inc)

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Waiver of Foreclosure Defense. Mortgagor hereby waives any defense Mortgagor might assert or have by reason of Mortgagee’s failure to make any tenant or lessee of the Property a party defendant in any foreclosure proceeding or action instituted by Mortgagee.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Phillips Edison Grocery Center REIT III, Inc.)

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