Common use of Waste Clause in Contracts

Waste. Borrower shall not commit or suffer any waste of the Property or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the Property or the security of this Security Instrument.

Appears in 9 contracts

Sources: Security Agreement, Mortgage and Security Agreement (Paladin Realty Income Properties Inc), Mortgage Modification Agreement (Sun Communities Inc)

Waste. Borrower shall not commit or suffer any waste of the Property or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the Property or the security for the Loan. Borrower will not, without the prior written consent of this Security Instrument.Lender, permit any drilling or exploration

Appears in 1 contract

Sources: Junior Loan Agreement (Silver Star Properties Reit, Inc)

Waste. Borrower shall not permit, commit or suffer any waste of the Property or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the Property or the security of this Security Instrument.be

Appears in 1 contract

Sources: Mortgage and Security Agreement (Entertainment Properties Trust)

Waste. Borrower shall not commit or suffer any waste of the Property or make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the Property or the security of this Security Instrument.

Appears in 1 contract

Sources: Deed of Trust, Security Agreement, Assignment of Production and Fixture Filing (Cubic Energy Inc)

Waste. Borrower shall not commit or suffer any waste of the Property or or, subject to the terms of the Net Lease, make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or give cause for cancellation of any Policyinsurance policy, or do or permit to be done thereon anything that may in any way materially impair the value of the Property or the security of this Security Instrument.

Appears in 1 contract

Sources: Open End Mortgage and Security Agreement (Cedar Shopping Centers Inc)

Waste. Borrower shall not commit or suffer any waste of the ----- Property or or, subject to the terms of the Net Lease, make any change in the use of the Property which will in any way materially increase the risk of fire or other hazard arising out of the operation of the Property, or take any action that might invalidate or give cause for cancellation of any Policy, or do or permit to be done thereon anything that may in any way materially impair the value of the Property or the security of this Security Instrument.

Appears in 1 contract

Sources: Deed of Trust and Security Agreement (Archon Corp)