Common use of Extension of Payments Clause in Contracts

Extension of Payments. Grantor agrees that, without affecting the liability of any person for payment of the Obligations secured hereby or affecting the lien of this Deed of Trust upon the Mortgaged Property or any part thereof (other than persons or property explicitly released as a result of the exercise by Trustee or Beneficiary of its rights and privileges hereunder), Beneficiary may at any time and from time to time, on request of the Borrower, without notice to any person liable for payment of any Obligations secured hereby, but otherwise subject to the provisions of the Loan Agreement, extend the time, or agree to alter or amend the terms of payment of such Obligations. Grantor further agrees that any part of the security herein described may be released with or without consideration without affecting the remainder of the Obligations or the remainder of the security.

Extension of Payments. Grantor agrees that, without affecting the liability of any person for payment of the Obligations Liabilities secured hereby or affecting the lien of this Deed of Trust upon the Mortgaged Property or any part thereof (other than persons or property explicitly released as a result of the exercise by Trustee or Beneficiary of its rights and privileges hereunder), Beneficiary may at any time and from time to time, on request of the BorrowerGrantor, without notice to any person liable for payment of any Obligations Liabilities secured hereby, but otherwise subject to the provisions of the Loan Agreement, extend the time, or agree to alter or amend the terms of payment of such ObligationsLiabilities. Grantor further agrees that any part of the security herein described may be released with or without consideration without affecting the remainder of the Obligations Liabilities or the remainder of the security.

Extension of Payments. Grantor agrees that, without affecting the liability of any person for payment of the Obligations secured hereby or affecting the lien of this Leasehold Deed of Trust upon the Mortgaged Property or any part thereof (other than persons or property explicitly released as a result of the exercise by Trustee or Beneficiary Grantee of its rights and privileges hereunder), Beneficiary Grantee may at any time and from time to time, on request of the BorrowerGrantor, without notice to any person liable for payment of any Obligations secured hereby, but otherwise subject to the provisions of the Loan Agreement, extend the time, or agree to alter or amend the terms of payment of such Obligations. Grantor further agrees that any part of the security herein described may be released with or without consideration without affecting the remainder of the Obligations or the remainder of the security.