Other Notes or Mortgages. Mortgagor’s default in the performance or payment of Mortgagor’s obligations under any other note, or under any other mortgage encumbering all or any part of the Mortgaged Property, if the other mortgage is permitted by Mortgagee, whether such other note or mortgage is held by Mortgagee or by any other party.
Appears in 1 contract
Sources: Purchase Money Mortgage (Northeast Community Bancorp Inc)
Other Notes or Mortgages. Mortgagor’s default in the performance or payment of Mortgagor’s obligations under any other note, or under any other mortgage encumbering all or any part of the Mortgaged Property, Land or the Collateral; if the other mortgage is permitted by Mortgagee, whether such other note or mortgage is held by Mortgagee or by any other party.
Appears in 1 contract
Sources: Contract for Sale and Purchase (Floridian Financial Group Inc)