Common use of Right to Cure Defaults Clause in Contracts

Right to Cure Defaults. Upon the occurrence of any Event of Default, Lender may, but without any obligation to do so and without notice to or demand on Borrower and without releasing Borrower from any obligation hereunder, perform the obligations in Default in such manner and to such extent as Lender may deem necessary to protect the security hereof. Lender is authorized to enter upon the Property for such purposes or appear in, defend or bring any action or proceeding to protect its interest in the Property or to foreclose this Security Instrument or collect the Debt, and the cost and expense thereof (including reasonable attorneys’ fees and disbursements to the extent permitted by law), with interest thereon at the Default Rate for the period after notice from Lender that such cost or expense was incurred to the date of payment to Lender, shall constitute a portion of the Debt, shall be secured by this Security Instrument and the other Loan Documents and shall be due and payable to Lender upon demand.

Appears in 3 contracts

Samples: First American (Behringer Harvard Opportunity REIT I, Inc.), Trust and Security Agreement (Behringer Harvard Reit I Inc), Security Agreement and Fixture Filing (Behringer Harvard Reit I Inc)

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Right to Cure Defaults. Upon the occurrence of any Event of Default, Lender Beneficiary may, but without any obligation to do so and without notice to or demand on Borrower Trustor and without releasing Borrower Trustor from any obligation hereunder, perform the obligations in Default in such manner and to such extent as Lender Beneficiary may deem necessary to protect the security hereof. Lender Beneficiary is authorized to enter upon the Trust Property for such purposes or appear in, defend or bring any action or proceeding to protect its interest in the Trust Property or to foreclose this Security Instrument Deed of Trust or collect the Debt, and the cost and expense thereof (including reasonable attorneys' fees and disbursements to the extent permitted by law), with interest thereon at the Default Rate for the period after notice from Lender Beneficiary that such cost or expense was incurred to the date of payment to LenderBeneficiary, shall constitute a portion of the Debt, shall be secured by this Security Instrument Deed of Trust and the other Loan Documents and shall be due and payable to Lender Beneficiary upon demand.

Appears in 3 contracts

Samples: Security Agreement (Behringer Harvard Reit I Inc), Behringer Harvard Reit I Inc, Behringer Harvard Reit I Inc

Right to Cure Defaults. Upon the occurrence of any Event of Default, Lender Beneficiary may, but without any obligation to do so and without notice to or demand on Borrower Trustor and without releasing Borrower Trustor from any obligation hereunder, perform the obligations in Default in such manner and to such extent as Lender Beneficiary may deem necessary to protect the security hereof. Lender Beneficiary is authorized to enter upon the Trust Property for such purposes or appear in, defend or bring any action or proceeding to protect its interest in the Trust Property or to foreclose this Security Instrument Deed of Trust or collect the Debt, and the cost and expense thereof (including reasonable attorneys' fees and disbursements to the extent permitted by law), with interest thereon at the Default Interest Rate for the period after notice from Lender Beneficiary that such cost or expense was incurred to the date of payment to LenderBeneficiary, shall constitute a portion of the Debt, shall be secured by this Security Instrument Deed of Trust and the other Loan Documents and shall be due and payable to Lender Beneficiary upon demand.

Appears in 2 contracts

Samples: Rents and Security Agreement (GK Investment Holdings, LLC), Preferred Income Ii (GK Investment Property Holdings II LLC)

Right to Cure Defaults. Upon During the occurrence continuance of any Event of Default, Lender Beneficiary may, but without any obligation to do so and without notice to or demand on Borrower Trustor and without releasing Borrower Trustor from any obligation hereunder, perform the obligations in Default in such manner and to such extent as Lender Beneficiary may deem necessary to protect the security hereof. Lender Beneficiary is authorized to enter upon the Property for such purposes or appear in, defend or bring any action or proceeding to protect its interest in the Property or to foreclose this Security Instrument Deed of Trust or collect the Debt, and the cost and expense thereof (including reasonable attorneys’ fees and disbursements to the extent permitted by law), with interest thereon at the Default Rate for the period after notice from Lender Beneficiary that such cost or expense was incurred to the date of payment to LenderBeneficiary, shall constitute a portion of the Debt, shall be secured by this Security Instrument Deed of Trust and the other Loan Documents and shall be due and payable to Lender Beneficiary upon demand.

Appears in 2 contracts

Samples: Security Agreement (Terra Tech Corp.), Security Agreement (Terra Tech Corp.)

Right to Cure Defaults. Upon During the occurrence continuance of any Event of Default, Lender Grantee may, but without any obligation to do so and without notice to or demand on Borrower Grantor and without releasing Borrower Grantor from any obligation hereunder, perform the obligations in Default in such manner and to such extent as Lender Grantee may deem necessary to protect the security hereof. Lender Grantee is authorized to enter upon the Property for such purposes or appear in, defend or bring any action or proceeding to protect its interest in the Property or to foreclose this Security Instrument Deed to Secure Debt or collect the Debt, and the cost and expense thereof (including reasonable attorneys’ fees and disbursements to the extent permitted by law), with interest thereon at the Default Rate for the period after notice from Lender Grantee that such cost or expense was incurred to the date of payment to LenderGrantee, shall constitute a portion of the Debt, shall be secured by this Security Instrument Deed to Secure Debt and the other Loan Documents and shall be due and payable to Lender Grantee upon demand.

Appears in 1 contract

Samples: And Security Agreement (Carter Validus Mission Critical REIT, Inc.)

Right to Cure Defaults. Upon the occurrence and during the continuance of any Event of Default, Lender Beneficiary may, but without any obligation to do so and without notice to or demand on Borrower Grantor and without releasing Borrower Grantor from any obligation hereunder, perform make or do the obligations in Default same in such manner and to such extent as Lender Beneficiary may deem necessary to protect the security hereof. Lender Beneficiary is authorized to enter upon the Property for such purposes or appear in, defend defend, or bring any action or proceeding to protect its interest in the Property or to foreclose this Security Instrument Deed of Trust or collect the Debt, and the cost and expense thereof (including reasonable attorneys' fees and disbursements to the extent permitted by law), with interest thereon at the Default Rate for the period after notice from Lender Beneficiary that such cost or expense was incurred to the date of payment to LenderBeneficiary, shall constitute a portion of the Debt, shall be secured by this Security Instrument Deed of Trust and the other Loan Documents and shall be due and payable to Lender Beneficiary upon demand.

Appears in 1 contract

Samples: And Security Agreement (Horizon Group Properties Inc)

Right to Cure Defaults. Upon the occurrence of any Event of Default, Lender may, but without any obligation to do so and without notice to or demand on Borrower and without releasing Borrower from any obligation hereunder, perform the obligations in Default in take such manner and to such extent action as Lender may deem necessary to protect its security for the security hereofLoan. Lender is authorized to enter upon the Mortgaged Property for such purposes or to appear in, defend defend, or bring any action or proceeding to protect its interest in the Mortgaged Property or to foreclose this Security Instrument the Mortgage or collect the Debt, and the cost and expense thereof (including Lender's reasonable attorneys' fees and disbursements to the extent permitted by law), with interest thereon at the Default Rate for the period after notice from Lender that such cost or expense was incurred to the date of payment to Lender, shall constitute a portion of the Debt, shall be secured by this Security Instrument the Mortgage, the Assignment, the Environmental Agreement and the other Loan Documents and shall be due and payable to Lender upon demand.

Appears in 1 contract

Samples: Management Agreement (Insignia Financial Group Inc /De/)

Right to Cure Defaults. Upon the occurrence of any Event of Default, Lender Beneficiary may, but without any obligation to do so and without notice to or demand on Borrower Trustor and without releasing Borrower Trustor from any obligation hereunder, perform the obligations in Default in such manner and to such extent as Lender Beneficiary may deem necessary to protect the security hereof. Lender Beneficiary is authorized to enter upon the Property for such purposes or appear in, defend or bring any action or proceeding to protect its interest in the Property or to foreclose this Security Instrument Deed of Trust or collect the Debt, and the cost and expense thereof (including reasonable attorneys' fees and disbursements to the extent permitted by law), with interest thereon at the Default Rate for the period after notice from Lender Beneficiary that such cost or expense was incurred to the date of payment to LenderBeneficiary, shall constitute a portion of the Debt, shall be secured by this Security Instrument Deed of Trust and the other Loan Documents Documents, and shall be due and payable to Lender Beneficiary upon demand.

Appears in 1 contract

Samples: Behringer Harvard Reit I Inc

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Right to Cure Defaults. Upon the occurrence and during the continuance of any Event of Default, Lender may, but without any obligation to do so and without notice to or demand on Borrower and without releasing Borrower from any obligation hereunder, perform the obligations in Default in such manner and to such extent as Lender may deem necessary to protect the security hereof. Lender is authorized to enter upon the Property for such purposes or appear in, defend or bring any action or proceeding to protect its interest in the Property or to foreclose this Security Instrument or collect the Debt, and the cost and expense thereof (including reasonable attorneys’ fees and disbursements to the extent permitted by law), with interest thereon at the Default Rate for the period after notice from Lender that such cost or expense was incurred to the date of payment to Lender, shall constitute a portion of the Debt, shall be secured by this Security Instrument and the other Loan Documents and shall be due and payable to Lender upon demand.

Appears in 1 contract

Samples: And Security Agreement (Presidential Realty Corp/De/)

Right to Cure Defaults. Upon the occurrence of any Event of Default, Lender may, but without any obligation to do so and without notice to or demand on Borrower and without releasing Borrower from any obligation hereunder, perform the obligations in Default in such manner and to such extent as Lender may deem necessary to protect the security hereof. Lender is authorized to enter upon the Property for such purposes or appear in, defend or bring any action or proceeding to protect its interest in the Property or to foreclose this Security Instrument Mortgage or collect the Debt, and the cost and expense thereof (including reasonable attorneys’ fees and disbursements to the extent permitted by law), with interest thereon at the Default Rate for the period after notice from Lender that such cost or expense was incurred to the date of payment to Lender, shall constitute a portion of the Debt, shall be secured by this Security Instrument Mortgage and the other Loan Documents and shall be due and payable to Lender upon demand.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Behringer Harvard Reit I Inc)

Right to Cure Defaults. Upon the occurrence of any Event of Default, Lender may, but without any obligation to do so and without notice to or demand on Borrower and without releasing Borrower from any obligation hereunder, perform the obligations in Default in such manner and to such extent as Lender may deem necessary to protect the security hereof. Lender is authorized to enter upon the Property for such purposes or appear in, defend or bring any action or proceeding to protect its interest in the Property or to foreclose this Security Instrument Mortgage or collect the Debt, and the cost and expense thereof (including reasonable attorneys' fees and disbursements to the extent permitted by law), with interest thereon at the Default Rate for the period after notice from Lender that such cost or expense was incurred to the date of payment to Lender, shall constitute a portion of the Debt, shall be secured by this Security Instrument Mortgage and the other Loan Documents and shall be due and payable to Lender upon demand.

Appears in 1 contract

Samples: Leases and Rents and Security Agreement (Behringer Harvard Reit I Inc)

Right to Cure Defaults. Upon the occurrence of any Event of DefaultDefault which is continuing, Lender Beneficiary may, but without any obligation to do so and without notice to or demand on Borrower Trustor and without releasing Borrower Trustor from any obligation hereunder, perform the obligations in Default in such manner and to such extent as Lender Beneficiary may deem necessary to protect the security hereof. Lender Beneficiary is authorized to enter upon the Property for such purposes or appear in, defend or bring any action or proceeding to protect its interest in the Property or to foreclose this Security Instrument or collect the Debt, and the cost and expense thereof (including reasonable attorneys’ fees and disbursements to the extent permitted by law), with interest thereon at the Default Rate for the period after notice from Lender Beneficiary that such cost or expense was incurred to the date of payment to LenderBeneficiary, shall constitute a portion of the Debt, shall be secured by this Security Instrument and the other Loan Documents and shall be due and payable to Lender Beneficiary upon demand.

Appears in 1 contract

Samples: Fixture Filing and Security Agreement (Maguire Properties Inc)

Right to Cure Defaults. Upon During the occurrence continuance of any Event of Default, Lender may, but without any obligation to do so and without notice to or demand on Borrower and without releasing Borrower from any obligation hereunder, perform the obligations in Default in take such manner and to such extent action as Lender may reasonably deem necessary to protect its security for the security hereofLoan. During the continuance of any Event of Default, Lender is authorized to enter upon the Property for such purposes or to appear in, defend defend, or bring any action or proceeding to protect its interest in the Property or to foreclose this Security Instrument Deed or collect the Debt, and the cost and expense thereof (including reasonable Lender’s attorneys’ fees and disbursements to the extent permitted by law), with interest thereon at the Default Rate for the period after notice from Lender that such cost or expense was incurred to the date of payment to Lender, shall constitute a portion of the Debt, shall be secured by this Security Instrument Deed and the other Loan Documents and shall be due and payable to Lender upon demand.

Appears in 1 contract

Samples: Profits and Security Agreement (Wyndham International Inc)

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