Power of Sale means a provision in a lien instrument authorizing, in the event of a specified default, a sale of the property subject to the lien.
Power of Sale means all remedial powers of a mortgagee pursuant to section 56(1)(a)- (c);
Power of Sale means the right, power and authority of Mortgagee to sell or cause the sale of the Mortgaged Property and/or a part or parts thereof, at a public sale or auction, after any Event of Default and in accordance with and pursuant to Article 14 of the Real Property Actions and Proceedings Law of the State of New York, as the same may hereafter be modified or amended, or any successor statute or statutes, and/or under and pursuant to any other laws or regulations now in effect and/or hereafter enacted, which provides for and/or enables the property encumbered by a mortgage to be sold by a mortgagee and/or its agents and/or representatives in a public and/or private non-judicial sale.
Examples of Power of Sale in a sentence
If the money remaining, after paying all costs and expenses, does not pay the loan amount in full, you must pay us the difference.▪ Power of sale.
Power of sale: If an event of default occurs, we may exercise the power to sell all or any part of any assets held in your Account, including your Cryptocurrencies.
Power of sale, we have the right to sell that property and apply the sale proceeds to help repay the amount owing.
Power of sale barred during periods of military service.(a) Power of Sale Barred.
Power of sale of distress taken for rent exceeding $3,600 per annum.
More Definitions of Power of Sale
Power of Sale means any Law which permits the holder of this Mortgage to foreclose this Mortgage by power of sale and/or to sell any portion of the Property through either judicial or non-judicial means or at a judicial or non-judicial sale. If the Property is located in the State of New York, the meaning of such term shall also include the power to sell pursuant Article 14 of the Real Property Actions and Proceeding Law of New York and similar Laws.
Power of Sale means a provision in a lien instrument
Power of Sale shall have the meaning ascribed thereto in Section 17 hereof.
Power of Sale means the right, power and authority of Mortgagee to sell or cause the sale of the Mortgaged Property and/or a part or parts thereof, at public sale or auction, after any Event of Default and in accordance with and pursuant to any statute or law of the state or jurisdiction in which the Premises are located permitting the sale of property subject to a mortgage or security agreement in a non-judicial foreclosure sale, as any such statute or law may be in effect on the date hereof, or may be hereinafter enacted and/or modified or amended, or any successor statute or statutes, and/or under and pursuant to any other laws or regulations now in effect and/or hereafter enacted, which provides for and/or enables the property encumbered by a mortgage to be sold by a mortgagee and/or their respective agents and/or representatives in a public and/or private non-judicial sale.
Power of Sale means the Power of Sale in the form of Exhibit "A" hereto.
Power of Sale means the right of a lender to sell residential real property after an uncured default at a public auction as provided in this act to repay the note or other obligation secured by a deed of trust or mortgage.
Power of Sale means the right, power and authority of Mortgagee to sell or cause the sale of the Mortgaged Property and/or a part or parts thereof, at public sale or auction after the happening of any Event of Default and during its continuance in accordance with and pursuant to any statute or law of the state or jurisdiction in which the Premises are located permitting the sale of property subject to a mortgage or security agreement in a non-judicial foreclosure sale, as any such statute or law may be in effect on the date hereof, or may be hereinafter enacted and/or modified or amended, or any successor statute or statutes, and/or under and pursuant to any other laws or regulations now in effect and/or hereafter enacted, which provides for and/or enables the property encumbered by a mortgage to be sold by a mortgagee and/or its agents and/or representatives in a public and/or private non-judicial sale.