Application of Proceeds of Foreclosure Sale. The proceeds of any foreclosure sale of the Premises shall be distributed and applied in accordance with the applicable laws of the State of Arkansas and, unless otherwise specified therein, in such order as the Lender may determine in its sole and absolute discretion, subject to any express provisions of the Loan Agreement.
Appears in 8 contracts
Samples: Mortgage, Security Agreement (Adcare Health Systems Inc), Mortgage, Security Agreement (Adcare Health Systems Inc), And Fixture Filing (Adcare Health Systems Inc)
Application of Proceeds of Foreclosure Sale. The proceeds of any foreclosure sale of the Premises shall be distributed and applied in accordance with the applicable laws of the State of Arkansas and, unless otherwise specified therein, in such order as the Lender may determine in its sole and absolute discretion, subject to any express provisions of the Loan Agreement.
Appears in 4 contracts
Samples: Mortgage, Security Agreement (Adcare Health Systems, Inc), Mortgage, Security Agreement (Adcare Health Systems, Inc), Mortgage, Security Agreement (Adcare Health Systems, Inc)
