DEFENSE AND NOTICE OF LOSSES, CLAIMS AND ACTIONS. At Mortgagor’s sole expense, Mortgagor shall protect, preserve and defend the Subject Property and Collateral and title to and right of possession of the Subject Property and Collateral, the security hereof and the rights and powers of Mortgagee hereunder against all adverse claims. Mortgagor shall give Mortgagee prompt notice in writing of the assertion of any claim, of the filing of any action or proceeding, of the occurrence of any damage to the Subject Property or Collateral and of any condemnation offer or action.
Appears in 10 contracts
Samples: Open End Mortgage (KBS Real Estate Investment Trust II, Inc.), Security Agreement and Fixture Filing (KBS Real Estate Investment Trust, Inc.), Open End Mortgage (KBS Real Estate Investment Trust II, Inc.)
DEFENSE AND NOTICE OF LOSSES, CLAIMS AND ACTIONS. At Mortgagor’s 's sole expense, Mortgagor shall protect, preserve and defend the Subject Property and Collateral and title to and right of possession of the Subject Property and Collateral, the security hereof and the rights and powers of Mortgagee hereunder against all adverse claims. Mortgagor shall give Mortgagee prompt notice in writing of the assertion of any claim, of the filing of any action or proceeding, of the occurrence of any damage to the Subject Property or Collateral and of any condemnation offer or action.
Appears in 3 contracts
Samples: Security Agreement and Fixture Filing (KBS Strategic Opportunity REIT II, Inc.), Security Agreement and Fixture Filing (KBS Strategic Opportunity REIT II, Inc.), Security Agreement and Fixture Filing (KBS Strategic Opportunity REIT II, Inc.)
DEFENSE AND NOTICE OF LOSSES, CLAIMS AND ACTIONS. At Mortgagor’s 's sole expense, Mortgagor shall protect, preserve and defend the Subject Property and Collateral and title to and right of possession of the Subject Property and Collateral, the security hereof and the rights and powers of Mortgagee hereunder against all adverse claims. Mortgagor shall give Mortgagee prompt notice in writing of the assertion of any claim, of the filing of any action or proceeding, of the occurrence of any damage to the Subject Property or Collateral and of any condemnation offer or action.
Appears in 2 contracts
Samples: KBS Real Estate Investment Trust II, Inc., Virco MFG Corporation