Common use of Application of Foreclosure Sale Proceeds Clause in Contracts

Application of Foreclosure Sale Proceeds. In the event of any ---------------------------------------- foreclosure sale, Trustee shall apply the proceeds of such sale in the following order of priority: First, to the costs, fees and expenses of exercising its ----- rights to cause such sale, including, without limitation, the payment of Trustee's fees and attorneys' fees; Second, to the payment of the Obligations ------ which are secured by this Deed of Trust, in such order as Beneficiary shall determine in its sole discretion; Third, to satisfy the outstanding balance of ----- obligations secured by any junior liens or encumbrances in the order of their priority; and Fourth, to the Trustor or the Trustor's successor in interest, or ------ in the event the Secured Property has been sold or transferred to another, to the vested owner of record at the time of the Trustee's sale.

Application of Foreclosure Sale Proceeds. In the event of If any ---------------------------------------- foreclosure salesale is effected, Trustee shall apply the proceeds of such sale in the following order of priority: First, to the costs, fees and expenses of exercising its ----- rights to cause such the power of sale and of sale, including, without limitation, the payment of the Trustee's fees and attorneys' fees; Second, to the payment of the Secured Obligations ------ which are secured by this Deed of Trust, in such order as Beneficiary shall determine in its sole discretion; Third, to satisfy the outstanding balance of ----- obligations secured by any junior liens or encumbrances in the order of their priority; and Fourth, to the Trustor or the Trustor's successor in interest, or ------ in the event the Secured Property has been sold or transferred to another, to the vested owner of record at the time of the Trustee's sale.

Application of Foreclosure Sale Proceeds. In the event of If any ---------------------------------------- foreclosure salesale is effected, Trustee shall apply the proceeds of such sale in the following order of priority: First, to the costs, fees and expenses of exercising its ----- rights to cause such the power of sale and of sale, including, without limitation, the payment of reasonable Trustee's fees and attorneys' fees; Second, to the payment of the Secured Obligations ------ which are secured by this Deed of Trust, in such order as Beneficiary shall determine in its sole discretion; Third, to satisfy the outstanding balance of ----- obligations secured by any junior liens or encumbrances in the order of their priority; and Fourth, to the Trustor or the Trustor's successor in interest, or ------ in the event the Secured Property has been sold or transferred to another, to the vested owner of record at the time of the Trustee's sale.