Common use of Application of Indebtedness Toward Purchase Price Clause in Contracts

Application of Indebtedness Toward Purchase Price. Upon any such foreclosure sale, Mortgagee may, if permitted by law, and after allowing for costs and expenses of the sale, compensation and other charges in paying the purchase price, apply any or all of the Secured Obligations, in lieu of cash, to the amount which shall, upon distribution of the net proceeds of such sale, be payable.

Application of Indebtedness Toward Purchase Price. Upon any such foreclosure sale, Mortgagee may, if permitted by law, and after allowing for the proportion of the total purchase price required to be paid in cash and for the costs and expenses of the sale, compensation and other charges charges, in paying the purchase price, price apply any portion of or all of sums due to Mortgagee under the Secured ObligationsNote, this Mortgage or any other instrument securing the Note, in lieu of cash, to the amount which shall, upon distribution of the net proceeds of such sale, be payablepayable thereon.

Application of Indebtedness Toward Purchase Price. Upon any such foreclosure sale, Mortgagee may, if permitted by law, and after allowing for the proportion of the total purchase price required to be paid in cash and for the costs and expenses of the sale, compensation and other charges charges, in paying the purchase price, price apply any portion of or all of sums due to Mortgagee under the Secured Obligations, Loan Documents in lieu of cash, to the amount which shall, upon distribution of the net proceeds of such sale, be payablepayable thereon.

Application of Indebtedness Toward Purchase Price. Upon Without limiting any other provision contained herein, upon any such foreclosure sale, the Mortgagee may, if permitted by law, and after allowing for costs and expenses of the sale, compensation and other charges charges, in paying the purchase price, apply any portion or all of the Secured Obligationsindebtedness and other sums due to the Mortgagee under the Note, this Mortgage or any other instrument securing the Note, in lieu of cash, to the amount which shall, upon distribution of the net proceeds of such sale, be payablepayable thereon.

Application of Indebtedness Toward Purchase Price. Upon any such foreclosure sale, Mortgagee may, if permitted by law, and after allowing for the proportion of the total purchase price required to be paid in cash and for the costs and expenses of the sale, compensation and other charges charges, in paying the purchase price, price apply any portion of or all sums due to Mortgagee under the Note, this Mortgage or any of the Secured Obligationsother Bond Documents, in lieu of cash, to the amount which shall, upon distribution of the net proceeds of such sale, be payablepayable thereon.

Application of Indebtedness Toward Purchase Price. Upon any such foreclosure sale, Mortgagee may, if permitted by law, and after allowing for the proportion of the total purchase price required to be paid in cash and for the costs and expenses of the sale, compensation and other charges charges, in paying the purchase price, price apply any portion of or all of sums due to Mortgagee under the Secured ObligationsNotes, this Mortgage or any other instrument securing the Notes, in lieu of cash, to the amount which shall, upon distribution of the net proceeds of such sale, be payablepayable thereon.

Application of Indebtedness Toward Purchase Price. Upon any such foreclosure sale, Mortgagee may, if permitted by law, and after allowing for the proportion of the total purchase price required to be paid in cash and for all costs and expenses of the sale, compensation and other charges in paying the purchase price, apply any or all of the Secured Obligations, in lieu of cash, any portion of or all sums of the purchase price due to Mortgagee under the Note, this Mortgage or any other instrument securing the Note, to the amount which shall, upon distribution of the net proceeds of such sale, be payablepayable thereon.