Common use of Right of Subrogation Clause in Contracts

Right of Subrogation. Whenever the Insurer pays the Mortgagee any loss award under this policy and claims that - as the Mortgagor or Owner - no liability therefore existed, it shall be legally subrogated to all rights of the Mortgagee against the Insured; but any subrogation shall be limited to the amount of such loss payment and shall be subordinate and subject to the basic right of the Mortgagee to recover the full amount of its mortgage equity in priority to the Insurer; or the Insurer may as its option pay the Mortgagee all amounts due or to become due under the mortgage or on the security thereof, and shall thereupon receive a full assignment and transfer of the mortgage together with all securities held as collateral to the mortgage debt.

Right of Subrogation. Whenever the Insurer pays the Mortgagee any loss award under this policy and claims that - as to the Mortgagor or Owner - no liability therefore existed, it shall will be legally subrogated to all rights of the Mortgagee against the Insured; but any subrogation shall will be limited to the amount of such loss payment and shall will be subordinate and subject to the basic right of the Mortgagee to recover the full amount of its mortgage equity in priority to the Insurer; or the Insurer may as at its option pay the Mortgagee all amounts due or to become due under the mortgage or on the security thereof, and shall will thereupon receive a full assignment and transfer of the mortgage together with all securities held as collateral to the mortgage debt.

Right of Subrogation. Whenever the Insurer pays the Mortgagee any loss award under this policy and claims that - as to the Mortgagor or Owner - no liability therefore therefor existed, it shall be legally subrogated to all rights of the Mortgagee against the Insured; but any subrogation shall be limited to the amount of such loss payment and shall be subordinate and subject to the basic right of the Mortgagee to recover the full amount of its mortgage equity in priority to the Insurer; or the Insurer may as at its option pay the Mortgagee all amounts due or to become due under the mortgage or on the security thereof, and shall thereupon receive a full assignment and transfer of the mortgage together with all securities held as collateral to the mortgage debt.

Right of Subrogation. Whenever the Insurer pays the Mortgagee any loss award under this policy Policy and claims that - as --as to the Mortgagor or Owner - Owner--no liability therefore therefor existed, it shall be legally subrogated to all rights of the Mortgagee against the Insured; but any subrogation shall be limited to the amount of such loss payment and shall be subordinate and subject to the basic right of the Mortgagee to recover the full amount of its mortgage equity in priority to the Insurer; or the Insurer may as at its option pay the Mortgagee all amounts due or to become due under the mortgage or on the security thereof, and shall thereupon receive a full assignment and transfer of the mortgage together with all securities held as collateral to the mortgage debt.

Right of Subrogation. Whenever the Insurer pays the Mortgagee any loss award under this policy Insurance and claims that - as to the Mortgagor or Owner - no liability therefore therefor existed, it shall be legally subrogated to all rights of the Mortgagee against the Insured; but any subrogation shall be limited to the amount of such loss payment and shall be subordinate and subject to the basic right of the Mortgagee to recover the full amount of its mortgage equity in priority to the Insurer; or the Insurer may as at its option pay the Mortgagee all amounts due or to become due under the mortgage or on the security thereof, and shall thereupon receive a full assignment and transfer of the mortgage together with all securities held as collateral to the mortgage debt.

Right of Subrogation. Whenever the Insurer pays the Mortgagee any loss award under this policy Policy and claims that - – as to the Mortgagor or Owner - – no liability therefore existed, it shall be legally subrogated to all rights of the Mortgagee against the Insured; but any subrogation shall be limited to the amount of such loss payment and shall be subordinate and subject to the basic right of the Mortgagee to recover the full amount of its mortgage equity in priority to the Insurer; or the Insurer may as at its option pay the Mortgagee all amounts due or to become due under the mortgage or on the security thereof, and shall thereupon receive a full assignment and transfer of the mortgage together with all securities held as collateral to the mortgage debt.

Right of Subrogation. Whenever the Insurer pays the Mortgagee mortgagee any loss award awarded under this policy PART and claims that - – as to the Mortgagor or Owner - owner – no liability therefore existed, it shall will be legally subrogated to all rights of the Mortgagee against the Insured; but any subrogation shall will be limited to the amount of such loss payment and shall will be subordinate and subject to the basic right of the Mortgagee to recover the full amount of its mortgage equity in priority to of the Insurer; : or the Insurer may as at its option pay the Mortgagee all amounts due or to become due under the mortgage or on the security thereof, and shall will thereupon receive a full assignment and transfer of the mortgage together with all securities Securities held as collateral to the mortgage debt.