21Appraisals Sample Clauses

21Appraisals. If required by law or banking regulations, or if an Event of Default exists under the Loan, Lender shall have the right to order Appraisals of any property which is collateral for one or more Pledged Mortgage from time to time from an appraiser selected by Lender, which Appraisals shall comply with all federal and state standards for appraisals and otherwise shall be satisfactory to Lender in all material respects. Borrower agrees to pay the cost and expense for all Appraisals and reviews thereof ordered by Lender pursuant to this Section.