Right to Release Any Portion of the Property. Mortgagee may release any portion of the Property for such consideration (or no consideration) as Mortgagee may require without, as to the remainder of the Property, in any way impairing or affecting the lien or priority of this Security Instrument, or improving the position of any subordinate lienholder with respect thereto, except to the extent that the obligations hereunder shall have been reduced by the actual monetary consideration, if any, received by Mortgagee for such release, and may accept by assignment, pledge or otherwise any other property in place thereof as Mortgagee may require without being accountable for so doing to any other lienholder. This Security Instrument shall continue as a lien and security interest in the remaining portion of the Property.
Appears in 3 contracts
Samples: And Rents and Security Agreement (Empire State Realty Trust, Inc.), And Rents and Security Agreement (Empire State Realty Trust, Inc.), And Rents and Security Agreement (Empire State Building Associates L.L.C.)
Right to Release Any Portion of the Property. Mortgagee may release any portion of the Property for such consideration (or no consideration) as Mortgagee may require without, as to the remainder of the Property, in any way impairing or affecting the lien Lien or priority of this Security Instrument, or improving the position of any subordinate lienholder with respect thereto, except to the extent that the obligations hereunder shall have been reduced by the actual monetary consideration, if any, received by Mortgagee or any Lender for such release, and may accept by assignment, pledge or otherwise any other property in place thereof as Mortgagee may require without being accountable for so doing to any other lienholder. This Security Instrument shall continue as a lien Lien and security interest in the remaining portion of the Property.
Appears in 3 contracts
Samples: Security Agreement and Fixture Filing (FelCor Lodging Trust Inc), Security Agreement and Fixture Filing (FelCor Lodging LP), Security Agreement and Fixture Filing (FelCor Lodging Trust Inc)
Right to Release Any Portion of the Property. Upon the occurrence and during the continuance of an Event of Default, Mortgagee may release any portion of the Property for such consideration (or no consideration) as Mortgagee may require without, as to the remainder of the Property, in any way impairing or affecting the lien or priority of this Security Instrument, or improving the position of any subordinate lienholder with respect thereto, except to the extent that the obligations hereunder shall have been reduced by the actual monetary consideration, if any, received by Mortgagee for such release, and may accept by assignment, pledge or otherwise any other property in place thereof as Mortgagee may require without being accountable for so doing to any other lienholder. This Security Instrument shall continue as a lien and security interest in the remaining portion of the Property.
Appears in 1 contract
Samples: Security Agreement and Fixture Filing (Phillips Edison Grocery Center REIT III, Inc.)
Right to Release Any Portion of the Property. Mortgagee may release any portion of the Property for such consideration (or no consideration) as Mortgagee may require without, as to the remainder of the Property, in any way impairing or affecting the lien or priority of this Security InstrumentMortgage, or improving the position of any subordinate lienholder with respect thereto, except to the extent that the obligations Obligations hereunder shall have been reduced by the actual monetary consideration, if any, received by Mortgagee for such release, and may accept by assignment, pledge or otherwise any other property in place thereof as Mortgagee may require without being accountable for so doing to any other lienholder. This Security Instrument Mortgage shall continue as a lien and security interest in the remaining portion of the Property.. EXHIBIT G-2 β CBL 4873-9001-7310\2
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