Common use of Partial Foreclosure Clause in Contracts

Partial Foreclosure. Mortgagee may from time to time, to the extent permitted by law, take action to recover any sums, whether interest, principal or any other sums required to be paid under the Loan Documents, as the same become due, without prejudice to the right of Mortgagee thereafter to bring an action of foreclosure, or any other action, for a default or defaults by Mortgagor existing when such earlier action was commenced. Mortgagee may, to the extent permitted by law, at the Mortgage’s option, cause this Mortgage to be foreclosed for any portion of the Obligations or any other sums secured hereby which are then due and payable subject to the continuing lien of this Mortgage for the balance of the secured Obligations not then due.

Partial Foreclosure. The Mortgagee may from time to time, to the extent if permitted by law, take action to recover any sums, whether interest, principal or any other sums required to be paid under the Note and/or Loan Documents, as the same become becomes due, without prejudice to the right of the Mortgagee thereafter to bring an action of foreclosure, or any other action, for a default or defaults by the Mortgagor existing when such earlier action was commenced. The Mortgagee may, to the extent permitted by law, at the Mortgage’s Mortgagee's option, cause this Mortgage to be foreclosed for any portion of the Obligations obligations or any other sums secured hereby which are then due and payable payable, subject to the continuing lien of this Mortgage for the balance of the secured Obligations obligations not then due.