Substitute Trustee. Lender may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed under this Instrument by an instrument recorded in the county in which this Instrument is recorded. Without conveyance of the Mortgaged Property, the successor trustee shall succeed to all the title, powers and duties conferred upon the Trustee herein and by applicable law.
Appears in 4 contracts
Samples: And Security Agreement (Angeles Income Properties LTD Ii), Subordination and Intercreditor Agreement (Shelter Properties v Limited Partnership), Security Agreement (Shelter Properties v Limited Partnership)
Substitute Trustee. Lender Lender, at Lender's option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed under this Instrument hereunder by an instrument recorded in the county in which this Instrument is recorded. Without conveyance of the Mortgaged Property, the successor trustee shall succeed to all the title, powers power and duties conferred upon the Trustee herein and by applicable law.
Appears in 2 contracts
Samples: And Security Agreement (Bluerock Enhanced Multifamily Trust, Inc.), And Security Agreement (Davidson Diversified Real Estate Ii Limited Partnership)
Substitute Trustee. Lender may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed under this Instrument by an instrument recorded in the county in which this Instrument is recorded. Without conveyance of the Mortgaged Property, the successor trustee shall will succeed to all the title, powers and duties conferred upon the Trustee herein and by applicable law.
Appears in 2 contracts
Samples: Security Agreement and Fixture (Preferred Apartment Communities Inc), Security Agreement and Fixture Filing
Substitute Trustee. Lender Lender, at Lender’s option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed under this Instrument by an instrument recorded in the city or county in which this Instrument is recorded. Without conveyance of the Mortgaged Property, the successor trustee shall succeed to all the title, powers power and duties conferred upon the Trustee herein in this Instrument and by applicable law.
Appears in 2 contracts
Samples: And Security Agreement (Angeles Income Properties LTD 6), And Security Agreement (Angeles Income Properties LTD 6)
Substitute Trustee. Lender Lender, at Lender's option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed under this Instrument by an instrument recorded in the county in which this Instrument is recorded. Without conveyance of the Mortgaged Property, the successor trustee shall succeed to all the title, powers power and duties conferred upon the Trustee herein and by applicable law.
Appears in 2 contracts
Samples: And Security Agreement (VMS National Properties Joint Venture), Capital Senior Living Corp
Substitute Trustee. Lender at Lender's option, with or without cause, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed under this Instrument hereunder by an instrument recorded in the county in which this Instrument is recorded. Without conveyance of the Mortgaged Property, the successor trustee shall succeed to all the title, powers power and duties conferred upon the Trustee herein and by applicable law.
Appears in 1 contract
Samples: Apartment Investment & Management Co
Substitute Trustee. Lender Lender, at Lender's option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed under this Instrument hereunder by an instrument recorded in the county in which this Instrument is recorded. Without conveyance of the Mortgaged Property, the successor trustee shall succeed to all the title, powers power and duties conferred upon the Trustee herein and by applicable law.
Appears in 1 contract
Samples: Rents and Security Agreement (Capital Senior Living Corp)
Substitute Trustee. Lender Lender, at Lender's option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed under this Instrument hereunder by an instrument recorded in the city or county in which this Instrument is recorded. Without conveyance of the Mortgaged Property, the successor trustee shall succeed to all the title, powers power and duties conferred upon the Trustee herein and by applicable law.
Appears in 1 contract
Substitute Trustee. Lender Lender, at Lender’s option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed under this Instrument hereunder by an instrument recorded in the county in which this Instrument is recorded. Without conveyance of the Mortgaged Property, the successor trustee shall will succeed to all the title, powers power and duties conferred upon the Trustee herein in this Instrument and by applicable law.
Appears in 1 contract
Samples: And Security Agreement (Steadfast Income REIT, Inc.)
Substitute Trustee. Lender Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed under this Instrument hereunder by an instrument recorded in the county in which this Instrument Deed of Trust is recorded. Without conveyance of the Mortgaged Property, the successor trustee shall will succeed to all the title, powers power and duties conferred upon the Trustee herein and by applicable law.
Appears in 1 contract
Samples: Commercial Lease Agreement (Source Interlink Companies Inc)
Substitute Trustee. Lender Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed under this Instrument hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Mortgaged Property, the successor trustee Trustee shall succeed to all the title, powers power and duties conferred covered upon the Trustee herein and by applicable law.
Appears in 1 contract
Samples: Secured Promissory Note and Loan Agreement (Magnetek Inc)
Substitute Trustee. Lender Lender's option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed under this Instrument hereunder by an instrument recorded in the county in which this Instrument Deed of Trust is recorded. Without conveyance of the Mortgaged Property, the successor trustee shall succeed to all the title, powers power and duties conferred upon the Trustee herein and by applicable law.
Appears in 1 contract
Substitute Trustee. Lender may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed under this Instrument hereunder by an instrument recorded in the county in which this Instrument is recorded. Without conveyance of the Mortgaged Property, the successor trustee shall succeed to all the title, powers power and duties conferred upon the Trustee herein and by applicable law.
Appears in 1 contract
Samples: Angeles Income Properties LTD Ii
Substitute Trustee. Lender Lender, at Lender's option, with or without cause, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed under this Instrument hereunder by an instrument recorded in the county in which this Instrument is recorded. Without conveyance of the Mortgaged Property, the successor trustee shall succeed to all the title, powers power, and duties conferred upon the Trustee herein by this Instrument and by applicable law.
Appears in 1 contract
Samples: Greenbriar Corp
