Right to Release Any Portion of the Property. Mortgagee may release any portion of the Property, for such consideration as Mortgagee may require (or as may be required pursuant to the Loan Agreement) 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.
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Samples: Lightstone Value Plus Real Estate Investment Trust, Inc., Lightstone Value Plus Real Estate Investment Trust, Inc.
Right to Release Any Portion of the Property. Mortgagee may release any portion of the Property, Property for such consideration as Mortgagee may require (or as may be required pursuant to the Loan Agreement) 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 hereunder Debt shall have been reduced by the actual monetary consideration, if any, received by Mortgagee for such release, and Mortgagee 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.
Appears in 2 contracts
Samples: WWP Office (New York REIT, Inc.), Mortgage (Bluerock Residential Growth REIT, Inc.)
Right to Release Any Portion of the Property. Mortgagee may release any portion of the Property, Property for such consideration as Mortgagee may require (or as may be required pursuant to the Loan Agreement) 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 hereunder Obligations shall have been reduced by the actual monetary consideration, if any, received by Mortgagee for such release, and Mortgagee 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.
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Right to Release Any Portion of the Property. Mortgagee may release any portion of the Property, Property for such consideration as Mortgagee may reasonably require (or as may be required pursuant to the Loan Agreement) 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 hereunder Indebtedness shall have been reduced by the actual monetary consideration, if any, received by Mortgagee for such release, and Mortgagee 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.
Appears in 1 contract
Samples: Security Agreement (Hospitality Investors Trust, Inc.)