Mortgagee in Possession. Borrower acknowledges and agrees that the exercise by Lender of any of the rights conferred in this Security Instrument shall not be construed to make Lender a mortgagee-in-possession of the Mortgaged Property so long as Lender has not itself entered into actual possession of the Land and Improvements.
Appears in 5 contracts
Samples: Security Agreement (Steadfast Income REIT, Inc.), Security Agreement (Steadfast Income REIT, Inc.), Security Agreement and Fixture Filing (Manufactured Housing Properties Inc.)
Mortgagee in Possession. Borrower Grantor acknowledges and agrees that the exercise by Lender of any of the rights conferred in this Security Instrument shall not be construed to make Lender a mortgagee-in-possession of the Mortgaged Property so long as Lender has not itself entered into actual possession of the Land and Improvements.
Appears in 1 contract
Samples: Security Agreement (Manufactured Housing Properties Inc.)
Mortgagee in Possession. Borrower acknowledges and agrees that the exercise by Lender of any of the rights conferred in this Security Instrument shall not be construed to make Lender a mortgagee-in-in- possession of the Mortgaged Property so long as Lender has not itself entered into actual possession of the Land and Improvements.
Appears in 1 contract
Samples: Subordination Agreement
