Common use of Assignment of Rents and Leases Clause in Contracts

Assignment of Rents and Leases. Mortgagor further grants and assigns to Mortgagee all leases and rents, profits, royalties, issues, revenues, income, proceeds, earnings, and products generated by or arising out of the Property, including, without limitation, all cash or security deposits to secure performance by tenants (collectively, “Rents”). Until the occurrence of a default by Mortgagor under this Mortgage, Mortgagor shall have the right to receive the Rents.

Appears in 7 contracts

Samples: Mortgage, Mortgage, Mortgage

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