Common use of Renewals, Amendments and Other Security Clause in Contracts

Renewals, Amendments and Other Security. Renewals and extensions of the Indebtedness may be given at any time and amendments may be made to agreements relating to any part of the Indebtedness or the Mortgaged Property and the Lender may take or may now hold other security for the Indebtedness without notice to or consent of the Mortgagor. The Lender may resort first to such other security or any part thereof or first to the security herein given or any part thereof, or from time to time to either or both, even to the partial or complete abandonment of either security, and such action shall not be a waiver of any rights conferred by this Mortgage, which shall continue as a first Lien upon the Mortgaged Property not expressly released until the Indebtedness secured hereby is paid in full.

Appears in 1 contract

Samples: Mortgage, Security Agreement (American Oil & Gas Inc)

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Renewals, Amendments and Other Security. Renewals and extensions of the Indebtedness may be given at any time and amendments may be made to agreements relating to any part of the Indebtedness or the Mortgaged Property and the Lender Properties. Mortgagee may take or may now hold other security from third parties for the Indebtedness without notice to or consent of the Mortgagor. The Lender Mortgagee may resort first to such other security or any part thereof or first to the security herein given or any part thereof, or from time to time to either or both, even to the partial or complete abandonment of either security, and such action shall not be a waiver of any rights conferred by this Mortgage, which shall continue as a valid, first Lien lien upon the Mortgaged Property Properties not expressly released until the Indebtedness secured hereby is paid in fullfully paid.

Appears in 1 contract

Samples: Mortgage, Security Agreement (PRB Transportation, Inc.)

Renewals, Amendments and Other Security. Renewals and extensions of the Indebtedness may be given at any time time, and amendments may be made to agreements relating to any part of the such Indebtedness or the Mortgaged Property Property, and the Lender Mortgagee may take or may now hold other security for the Indebtedness without Indebtedness. Without notice to or consent of the Mortgagor. The Lender , Mortgagee may resort first to such other security or any part thereof thereof, or first to the security herein given or any part thereof, or from time to time to either or both, even to the partial or complete abandonment of either security, and such action shall will not be a waiver of any rights conferred by this Mortgage, which shall will continue as a first Lien lien upon the Mortgaged Property not expressly released until the Note and all other Indebtedness secured hereby is paid in fullare fully paid.

Appears in 1 contract

Samples: Mortgage and Security Agreement

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Renewals, Amendments and Other Security. Renewals and extensions of the Indebtedness may be given at any time and amendments may be made to agreements relating to any part of the such Indebtedness or the Mortgaged Property Property, and the Lender Mortgagee may take or may now hold other security for the Indebtedness without notice to or consent of the Mortgagor. The Lender Mortgagee may resort first to such other security or any part thereof or first to the security herein given or any part thereof, or from time to time to either or both, even to the partial or complete abandonment of either security, and such action shall not be a waiver of any rights conferred by this Mortgageinstrument, which shall continue as a first Lien lien upon the Mortgaged Property not expressly released until the Note and all other Indebtedness secured hereby is paid in fullfully paid.

Appears in 1 contract

Samples: Security Agreement (Sun River Energy, Inc)

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