Statutory Condition. This Mortgage is upon the STATUTORY CONDITION, and upon the further condition that each of the aforementioned covenants, agreements, representations and warranties shall be kept and duly performed. If there shall occur a breach of any of such conditions which constitutes an Event of Default hereunder, or if the entire mortgage debt becomes due at the option of Mortgagee, the holder hereof shall have the STATUTORY POWER OF SALE, and, as to the Collateral, all rights and remedies conferred by the Uniform Commercial Code.
Appears in 2 contracts
Sources: Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents (BioMed Realty Trust Inc), Mortgage, Security Agreement, Fixture Filing, Financing Statement and Assignment of Leases and Rents (Sonesta International Hotels Corp)