Common use of Xxxxxx’s Right to Protect Its Rights in The Property Clause in Contracts

Xxxxxx’s Right to Protect Its Rights in The Property. If: (a) I do not keep my promises and agreements made in this Security Instrument; (b) someone, including me, begins a legal proceeding that may significantly affect Xxxxxx’s interest in the Property or rights under this Security Instrument (such as a legal proceeding in bankruptcy, in probate, for Condemnation or Forfeiture (as defined in Section 11), proceedings which could give a Person rights which could equal or exceed Xxxxxx’s interest in the Property or under this Security Instrument, proceedings for enforcement of a Lien which may become superior to this Security Instrument, or to enforce laws or regulations); or (c) I have abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Xxxxxx’s interest in the Property and Xxxxxx’s rights under this Security Instrument. Lender’s actions may include, but are not limited to: (a) protecting and/or assessing the value of the Property; (b) securing and/or repairing the Property; (c) paying sums to eliminate any Lien against the Property that may be equal or superior to this Security Instrument; (d) appearing in court; and (e) paying reasonable attorneys’ fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Lender can also enter the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, have utilities turned on or off, and take any other action to secure the Property. Although Lender may take action under this Section 9, Lender does not have to do so and is under no duty to do so. I agree that Xxxxxx will not be liable for not taking any or all actions under this Section 9. I will pay to Lender any amounts, with interest, which Xxxxxx spends under this Section 9. I will pay those amounts to Lender when Xxxxxx sends me a notice requesting that I do so. I will pay interest on those amounts at the interest rate set forth in the Note. Interest on each amount will begin on the date that the amount is spent by Xxxxxx. This Security Instrument will protect Lender in case I do not keep this promise to pay those amounts with interest. If I do not own, but am a tenant on the Property, I will fulfill all my obligations under my lease. I also agree that, if I acquire the full title (sometimes called “Fee Title”) to the Property, my lease interest and the Fee Title will not merge unless Xxxxxx agrees to the merger in writing.

Appears in 3 contracts

Samples: www.newyorktitle.com, www.freddiemac.com, singlefamily.fanniemae.com

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Xxxxxx’s Right to Protect Its Rights in The Property. If: (a) I do not keep my promises and agreements made in this Security Instrument; (b) someone, including me, begins a legal proceeding that may significantly affect Xxxxxx’s interest in the Property or rights under this Security Instrument (such as a legal proceeding in bankruptcy, in probate, for Condemnation or Forfeiture (as defined in Section 11), proceedings which could give a Person rights which could equal or exceed Xxxxxx’s interest in the Property or under this Security Instrument, proceedings for enforcement of a Lien which may become superior to this Security Instrument, or to enforce laws or regulations); or (c) I have abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Xxxxxx’s interest in the Property and Xxxxxx’s rights under this Security Instrument. Lender’s actions may include, but are not limited to: (a) protecting and/or assessing the value of the Property; (b) securing and/or repairing the Property; (c) paying sums to eliminate any Lien against the Property that may be equal or superior to this Security Instrument; (d) appearing in court; and (e) paying reasonable attorneys’ fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Lender can also enter the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, have utilities turned on or off, and take any other action to secure the Property. Although Lender may take action under this Section 9, Lender does not have to do so and is under no duty to do so. I agree that Xxxxxx will not be liable for not taking any or all actions under this Section 9. I will pay to Lender any amounts, with interest, which Xxxxxx Lender spends under this Section 9. I will pay those amounts to Lender when Xxxxxx sends me a notice requesting that I do so. I will pay interest on those amounts at the interest rate set forth in the Note. Interest on each amount will begin on the date that the amount is spent by Xxxxxx. This Security Instrument will protect Lender in case I do not keep this promise to pay those amounts with interest. If I do not own, but am a tenant on the Property, I will fulfill all my obligations under my lease. I also agree that, if I acquire the full title (sometimes called “Fee Title”) to the Property, my lease interest and the Fee Title will not merge unless Xxxxxx agrees to the merger in writing.Section

Appears in 2 contracts

Samples: cdn.lhfs.com, images.template.net

Xxxxxx’s Right to Protect Its Rights in The Property. If: (a) I do not keep my promises and agreements made in this Security Instrument; (b) someone, including me, begins a legal proceeding that may significantly affect Xxxxxx’s interest in the Property or rights under this Security Instrument (such as a legal proceeding in bankruptcy, in probate, for Condemnation or Forfeiture (as defined in Section 11)8), proceedings which could give a Person rights which could equal or exceed Xxxxxx’s interest in the Property or under this Security Instrument, proceedings for enforcement of a Lien which may become superior to this Security Instrument, or to enforce laws or regulations); or (c) I have abandoned the Property, then Lender may do and pay for whatever is reasonable or appropriate to protect Xxxxxx’s interest in the Property and Xxxxxx’s rights under this Security Instrument. Lender’s actions may include, but are not limited to: (a) protecting and/or assessing the value of the Property; (b) securing and/or repairing the Property; (c) paying sums to eliminate any Lien against the Property that may be equal or superior to this Security Instrument; (d) appearing in court; and (e) paying reasonable attorneys’ fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding. Lender can also enter the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, have utilities turned on or off, and take any other action to secure the Property. Although Lender may take action under this Section 97, Lender Xxxxxx does not have to do so and is under no duty to do so. I agree that Xxxxxx will not be liable for not taking any or all actions under this Section 97. I will pay to Lender any amounts, with interest, which Xxxxxx spends under this Section 97. I will pay those amounts to Lender when Xxxxxx sends me a notice requesting that I do so. I will pay interest on those amounts at the interest rate set forth in the NoteLoan Agreement. Interest on each amount will begin on the date that the amount is spent by Xxxxxx. This Security Instrument will protect Lender in case I do not keep this promise to pay those amounts with interest. If I do not own, but am a tenant on the Property, (i) I will fulfill all my obligations under my lease, (ii) I will not give up the rights that I have as a tenant on the Property, (iii) I will not cancel or terminate my lease and (iv) I will not change or amend that lease unless Xxxxxx agrees in writing to the change or amendment. I also agree that, if I acquire the full title (sometimes called “Fee Title”) to the Property, my lease interest and the Fee Title will not merge unless Xxxxxx agrees to the merger in writing.

Appears in 1 contract

Samples: www.ocbc.com

Xxxxxx’s Right to Protect Its Rights in The Property. If: (a) I do not keep my promises and agreements made in this Security Instrument; (b) someone, including me, begins a legal proceeding that may significantly affect XxxxxxLender’s interest in the Property or rights under this Security Instrument (such as a legal proceeding in bankruptcy, in probate, for Condemnation or Forfeiture (as defined in Section 11)Forfeiture, proceedings which could give a Person rights which could equal or exceed Xxxxxx’s interest in the Property or under this Security Instrument, proceedings for enforcement of a Lien lien which may become superior to this Security Instrument, Instrument or to enforce laws or regulations); or (c) I have abandoned abandon the Property, then Lender may do and pay for whatever is reasonable or appropriate necessary to protect Xxxxxx’s interest in the value of the Property and Xxxxxx’s rights under this Security Instrumentin the Property. LenderXxxxxx’s actions may include, but are not limited to: (a) protecting and/or assessing the value of the Property; (b) securing and/or repairing the Property; (c) paying sums to eliminate any Lien against the Property that may be equal or superior to this Security Instrument; (d) appearing in court; and (e) paying reasonable attorneys’ fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding, may include appearing in court, paying reasonable attorneys’ fees, paying superior liens on the Property, protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender can also enter Securing the Property includes, for example, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water «Initials» from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off, and take any other action to secure the Property. Although Lender may take action under this Section 9, Lender does not have to do so and is not under no any duty or obligation to do so. I agree that Xxxxxx will not be liable Lender incurs no liability for not taking any or all actions authorized under this Section 9. I will pay to Lender any amounts, with interest, which Xxxxxx Lender spends under this Section 9. I will pay those amounts to Lender when Xxxxxx sends me a notice requesting that I do so. I will also pay interest on those amounts at the interest rate set forth in the NoteNote rate. Interest on each amount will begin on the date that the amount is spent by Xxxxxx. This Security Instrument will protect Lender in case I do not keep this promise to pay those amounts with interest. If I do not own, own but am a tenant on the Property, I will fulfill all my obligations under my lease. I also agree that, if I acquire subsequently purchase or otherwise become the full title (sometimes called “Fee Title”) to owner of the Property, my lease interest as the tenant and my interest as the Fee Title owner will not merge remain separate unless Xxxxxx agrees to the merger in writing.

Appears in 1 contract

Samples: c1205b3963f85910ef48-8cba088fab863ca0f22e036602078b71.r41.cf1.rackcdn.com

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Xxxxxx’s Right to Protect Its Rights in The Property. If: (a) I do not keep my promises and agreements made in this Security Instrument; (b) someone, including me, begins a legal proceeding that may significantly affect XxxxxxLender’s interest in the Property or rights under this Security Instrument (such as a legal proceeding in bankruptcy, in probate, for Condemnation or Forfeiture (as defined in Section 11)Forfeiture, proceedings which could give a Person rights which could equal or exceed Xxxxxx’s interest in the Property or under this Security Instrument, proceedings for enforcement of a Lien lien which may become superior to this Security Instrument, Instrument or to enforce laws or regulations); or (c) I have abandoned abandon the Property, then Lender may do and pay for whatever is reasonable or appropriate necessary to protect Xxxxxx’s interest in the value of the Property and Xxxxxx’s rights under this Security Instrumentin the Property. LenderXxxxxx’s actions may include, but are not limited to: (a) protecting and/or assessing the value of the Property; (b) securing and/or repairing the Property; (c) paying sums to eliminate any Lien against the Property that may be equal or superior to this Security Instrument; (d) appearing in court; and (e) paying reasonable attorneys’ fees to protect its interest in the Property and/or rights under this Security Instrument, including its secured position in a bankruptcy proceeding, may include appearing in court, paying reasonable attorneys’ fees, paying superior liens on the Property, protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender can also enter Securing the Property includes, for example, entering the Property to make repairs, change locks, replace or board up doors and windows, drain water from pipes, eliminate building or other code violations or dangerous conditions, and have utilities turned on or off, and take any other action to secure the Property. Although Lender may take action under this Section 9, Lender does not have to do so and is not under no any duty or obligation to do so. I agree that Xxxxxx will not be liable Lender incurs no liability for not taking any or all actions authorized under this Section 9. I will pay to Lender any amounts, with interest, which Xxxxxx spends under this Section 9. I will pay those amounts to Lender when Xxxxxx sends me a notice requesting that I do so. I will also pay interest on those amounts at the interest rate set forth in the NoteNote rate. Interest on each amount will begin on the date that the amount is spent by Xxxxxx. This Security Instrument will protect Lender in case I do not keep this promise to pay those amounts with interest. If I do not own, own but am a tenant on the Property, I will fulfill all my obligations under my lease. I also agree that, if I acquire subsequently purchase or otherwise become the full title (sometimes called “Fee Title”) to owner of the Property, my lease interest as the tenant and my interest as the Fee Title owner will not merge remain separate unless Xxxxxx agrees to the merger in writing.

Appears in 1 contract

Samples: singlefamily.fanniemae.com

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