Common use of Mortgagee in Possession Clause in Contracts

Mortgagee in Possession. (a) Neither the Funding 1 Security Trustee nor any Receiver will be liable, by reason of Funding 1 Security or entering into possession of any Funding 1 Charged Property, to account as mortgagee or security holder in possession or for any loss on realisation or for any default or omission for which a mortgagee or security holder in possession might be liable.

Appears in 4 contracts

Samples: www.santander.co.uk, www.santander.co.uk, www.santander.co.uk

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Mortgagee in Possession. (a) Neither the Funding 1 2 Security Trustee nor any Receiver will be liable, by reason of Funding 1 2 Security or entering into possession of any a Funding 1 2 Charged Property, to account as mortgagee or security holder in possession or for any loss on realisation or for any default or omission for which a mortgagee or security holder in possession might be liable.

Appears in 2 contracts

Samples: Custody Agreement, Permanent Funding (No. 2) LTD

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Mortgagee in Possession. (a) Neither the Funding 1 2 Security Trustee nor any Receiver will be liable, by reason of Funding 1 2 Security or entering into possession of any a Funding 1 2 Charged Property, to account as mortgagee or security holder in possession or for any loss on realisation or for any default or omission for which a mortgagee or security holder in possession might be liable.or

Appears in 1 contract

Samples: www.lloydsbankinggroup.com

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