Application of Sale Proceeds and Rents. (a) Beneficiary and Trustee shall apply the proceeds of any sale of the Property in the following manner: first, to pay the portion of the Secured Obligations attributable to the costs, fees and expenses of the sale, including costs of evidence of title in connection with the sale; and, second, to pay all other Secured Obligations in any order and proportions as Beneficiary in its sole discretion may choose. The remainder, if any, shall be remitted to the person or persons entitled thereto.
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Samples: Lifeloc Technologies, Inc, Indemnity Agreement (Prolong International Corp), Secured and Unsecured Indemnity Agreement (Prolong International Corp)
Application of Sale Proceeds and Rents. (a) Beneficiary Lender and Trustee shall apply the proceeds of any sale of the Secured Property in the following manner: first, to pay the portion of the Secured Obligations attributable to the costs, fees and expenses of the sale, including costs of evidence of title in connection with the sale; and, second, to pay all other Secured Obligations in any order and proportions as Beneficiary Lender in its sole discretion may choose. The remainder, if any, shall be remitted to the person Person or persons Persons entitled thereto.
Appears in 1 contract
Samples: Arrived Homes, LLC
Application of Sale Proceeds and Rents. (a) Beneficiary and Trustee shall apply the proceeds of any sale of the Secured Property in the following manner: first, to pay the portion of the Secured Obligations attributable to the costs, fees and expenses of the sale, including costs of evidence of title in connection with the sale; and, second, to pay all other Secured Obligations in any order and proportions as Beneficiary in its sole discretion may choose. The remainder, if any, shall be remitted to the person or persons entitled theretomanner prescribed by law.
Appears in 1 contract
Samples: Recording (Arrived Homes, LLC)