Assignment to Lender. In the event of the foreclosure of this Mortgage or other transfer of the title to the Property in extinguishment of the Secured Indebtedness, all right, title and interest of Borrower in and to any premiums or payments in satisfaction of claims or any other rights under insurance policies and any insurance policies covering , and to the extent applicable to, the Property shall pass to the transferee of the Property.
Appears in 1 contract
Sources: Mortgage, Security Agreement and Fixture Filing (Acadia Realty Trust)
Assignment to Lender. In the event of the foreclosure of this Mortgage or other transfer of the title to the Property in extinguishment of the Secured Indebtedness, all right, title and interest of Borrower in and to any insurance policy, or premiums or payments in satisfaction of claims or any other rights under these insurance policies and any other insurance policies covering , and to the extent applicable to, the Property shall pass to the transferee of the Property.
Appears in 1 contract
Sources: Mortgage, Security Agreement and Fixture Filing (Wells Real Estate Investment Trust Inc)
Assignment to Lender. In the event of the foreclosure of this Mortgage Security Instrument or other transfer of the title to the Property in extinguishment of the Secured Indebtedness, all right, title and interest of Borrower in and to any insurance policy, or premiums or payments in satisfaction of claims or any other rights under these insurance policies and any other insurance policies covering , and to the extent applicable to, the Property shall pass to the transferee of the Property.
Appears in 1 contract
Sources: Leasehold Deed of Trust, Security Agreement and Fixture Filing (Taubman Centers Inc)
Assignment to Lender. In the event of the foreclosure of this Mortgage or other transfer of the title to the Property in extinguishment of the Secured IndebtednessGuaranteed Obligations, all right, title and interest of Borrower Affiliated Guarantor and/or Operating Lessee as applicable in and to any insurance policy, or premiums or payments in satisfaction of claims or any other rights under these insurance policies and any other insurance policies covering , and to the extent applicable to, the Property shall pass to the transferee of the Property.
Appears in 1 contract
Sources: Subordinate Mortgage, Security Agreement and Fixture Filing (Strategic Hotels & Resorts, Inc)
Assignment to Lender. In the event of the foreclosure of this Mortgage or other transfer of the title to the Property in extinguishment of the Secured Indebtedness, all right, title and interest of Borrower and/or Operating Lessee as applicable in and to any insurance policy, or premiums or payments in satisfaction of claims or any other rights under these insurance policies and any other insurance policies covering , and to the extent applicable to, the Property shall pass to the transferee of the Property.
Appears in 1 contract
Sources: Mortgage, Security Agreement and Fixture Filing (Strategic Hotels & Resorts, Inc)
Assignment to Lender. In the event of the foreclosure of this Mortgage or other transfer of the title to the Property in extinguishment of the Secured Indebtedness, all right, title and interest of Borrower and/or Operating Lessee as applicable in and to any insurance policy, or premiums or payments in satisfaction of claims or any other rights under these insurance policies and any other insurance policies covering , and to the extent applicable to, the Property shall pass to the transferee of the Property.. Table of Contents
Appears in 1 contract
Sources: Mortgage, Security Agreement and Fixture Filing (Strategic Hotels & Resorts, Inc)
Assignment to Lender. In the event of the foreclosure of this Mortgage any of the Mortgages or other transfer of the title to any of the Property Properties in extinguishment of the Secured Indebtedness, all right, title and interest of Borrower Borrowers in and to any insurance policy, or premiums or payments in satisfaction of claims or any other rights under these insurance policies and any other insurance policies covering , and to the extent applicable to, the Property such Properties shall pass to the transferee of the Propertysuch Properties.
Appears in 1 contract