Mortgagee’s Right to Possession. Notwithstanding the appointment of any receiver, liquidator or trustee of Mortgagor, or of any of its property, or of the Mortgaged Property or any part thereof, Mortgagee shall be entitled to retain possession and control of all property now or hereafter held hereunder.
Mortgagee’s Right to Possession. 26 Section 2.06. Remedies Cumulative..................................26 Section 2.07. Moratorium Laws; Right of Redemption.................26 Section 2.08.
Mortgagee’s Right to Possession. Upon and during the continuance of an Event of Default, and subject to the requirements of 735 ILCS 5/1701(b)(2), Mortgagee shall be entitled to be placed in possession of the Property and to exercise the rights and powers of a mortgagee in possession under the Act.
Mortgagee’s Right to Possession. 25 Section 2.06. Remedies Cumulative 25
Mortgagee’s Right to Possession. 13 Section 4.06. Appearance by Mortgagee on Behalf of Mortgagor......... 13 Section 4.07. Acceleration of Indebtedness Secured Hereby............ 13 Section 4.08.
Mortgagee’s Right to Possession. Whenever any right to enter and take possession of the Barge accrues to Mortgagee, it may require Mortgagor to deliver, and Mortgagor shall on demand, at its own cost and expense, deliver the Barge to Mortgagee as demanded. If any legal proceedings shall be taken to enforce any right under this Mortgage, Mortgagee shall be entitled as a matter of right to the appointment of a receiver of the Barge and the freights, hire, earnings, issues, revenues, income and profits due or to become due and arising from the operation thereof.
Mortgagee’s Right to Possession. Whenever any right to enter and take possession of the Vessels accrues to Mortgagee, it may require the Mortgagor to deliver, and the Mortgagor shall on demand, at its own cost and expense, deliver the Vessels to Mortgagee as demanded. If any legal proceedings shall be taken to enforce any right under this Mortgage, Mortgagee shall be entitled as a matter of right to the appointment of a receiver of the Vessels and the earnings, tolls, rents, issues, revenues, income and profits due or to become due and arising from the operation thereof
Mortgagee’s Right to Possession. Whenever any right to enter ------------------------------- and take possession of the Vessel accrues to Mortgagee, it may require the Mortgagor to deliver, and the Mortgagor shall on demand, at its own cost and expense, deliver the Vessel to Mortgagee as demanded. If any legal proceedings shall be taken to enforce any right under this Mortgage, Mortgagee shall be entitled as a matter of right to the appointment of a receiver of the Vessel and the earnings, tolls, rents, issues, revenues, income and profits due or to become due and arising from the operation thereof
Mortgagee’s Right to Possession. Upon an Event of Default, and subject to the requirements of 735 ILCS 5/15-1701(b)(2), Bank shall be entitled to be placed in possession of the Property and to exercise the rights and powers of a mortgagee in possession under the Act. [Signature on the following page] Loan No. 33453 This Mortgage was executed and delivered by the undersigned on the date stated in the first paragraph above. Grantor: APA HOLDINGS, LLC, an Illinois limited liability company By: /s/ Xxxxxxx Xxxxxxxxx Name: Xxxxxxx X. Xxxxxxxxx Its: Treasurer STATE OF MICHIGAN ) )ss COUNTY OF MACOMB ) The foregoing instrument was acknowledged before me on February 1, 2018, by Xxxxxxx X. Xxxxxxxxx, the Treasurer of APA HOLDINGS, LLC, an Illinois limited liability company, on behalf of the company. /s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx Notary Public, Macomb County, Michigan My commission expires: May 13, 2023 Acting in Macomb County Loan No. 33453 EXHIBIT “A” Description of Real Estate Land situated in the City of Xxxxxx, Xxxx County, Illinois more particularly described as follows: PARCEL 1A:
Mortgagee’s Right to Possession. Right to Acquire and Right to Assign. A Mortgagee shall have the absolute right: (i) to assign its security interest; (ii) to enforce its lien and acquire title to the easement estate by any lawful means; (iii) to take possession of and operate the Windpower Facilities or any portion thereof, to exercise all of Grantee’s rights hereunder, and to perform all obligations to be performed by Grantee hereunder, or to cause a receiver to be appointed to do so; and (iv) to acquire the easement estate by foreclosure or by an assignment in lieu of foreclosure and thereafter to assign or transfer the easement estate to a third party. Owner’s consent shall not be required for the acquisition of the encumbered easement or subeasement estate by a third party who acquires the same by foreclosure or assignment in lieu of foreclosure. NO- MORTGAGEOR MUST ASSUME ALL OBLIGATIONS
