Common use of Mortgagee's Right to Perform Clause in Contracts

Mortgagee's Right to Perform. If any Event of Default shall have occurred hereunder and be continuing, Mortgagee, without waiving or releasing Mortgagor from any obligation or default under this Mortgage, may (but shall be under no obligation to), at any time perform the same, and the cost thereof, with interest at Default Rate, shall immediately be due from Mortgagor to Mortgagee, and the same shall be a lien on the Mortgaged Property prior to any right, title to, interest in, or claim upon, the Mortgaged Property attaching subsequent to the lien of this Mortgage. No payment or advance of money by Mortgagee under this Article 17 shall be deemed or construed to cure Mortgagor's default or waive any right or remedy of Mortgagee hereunder.

Mortgagee's Right to Perform. If any Event of Default shall have occurred hereunder and be continuing, Mortgagee, without waiving or releasing any Mortgagor from any obligation or default under this Junior Mortgage, may (but shall be under no obligation to), at any time perform the same, and the cost thereof, with interest at Default Rate, shall immediately be due from Mortgagor Mortgagors to Mortgagee, and the same shall be a lien on the Mortgaged Property prior to any right, title to, interest in, or claim upon, the Mortgaged Property attaching subsequent to the lien of this Junior Mortgage. No payment or advance of money by Mortgagee under this Article 17 shall be deemed or construed to cure Mortgagor's Mortgagors' default or waive any right or remedy of Mortgagee hereunder.

Mortgagee's Right to Perform. If any an Event of Default shall have has occurred hereunder and be is continuing, the Mortgagee, without waiving or releasing the Mortgagor from any obligation or default under this Mortgage, may (but shall be under no obligation to)may, at any time pay or perform the same, and the amount or cost thereof, with interest at Default the Overdue Rate, shall immediately upon written demand be due from the Mortgagor to Mortgagee, the Mortgagee and the same shall be secured by this Mortgage and shall be a lien on the Mortgaged Property prior to any right, title to, interest in, or claim upon, upon the Mortgaged Property attaching subsequent to the lien of this Mortgage. No payment or advance of money by the Mortgagee under this Article 17 Section shall be deemed or construed to cure the Mortgagor's default or waive any right or remedy of Mortgagee hereunderthe Mortgagee.

Mortgagee's Right to Perform. If any an Event of Default shall have has occurred hereunder and be is continuing, the Mortgagee, without waiving or releasing the Mortgagor from any obligation or default under this Mortgage, may (but shall be under no obligation to)may, at any time pay or perform the same, and the amount or cost thereof, with interest at Default the Overdue Rate, shall immediately upon written demand be due from the Mortgagor to Mortgagee, the Mortgagee and the same shall be secured by this Mortgage and shall be a lien on the Mortgaged Property prior to to, any right, title to, interest in, or claim upon, upon the Mortgaged Property attaching subsequent to the lien of this Mortgage. No payment or advance of money by the Mortgagee under this Article 17 Section shall be deemed or construed to cure the Mortgagor's default or waive any right or remedy of Mortgagee hereunderthe Mortgagee.