Common use of Collect Rents Clause in Contracts

Collect Rents. Grantor shall have the right, prior to default or abandonment of the Property, to collect and retain the Rents as they become due and payable. The assignment of Rents contained in this Mortgage shall be effective until the payment of all indebtedness secured by this Mortgage, or in the event of foreclosure, until the period of redemption commences.

Appears in 3 contracts

Sources: Mortgage, Mortgage, Mortgage