Common use of Assignment of Policies Upon Foreclosure Clause in Contracts

Assignment of Policies Upon Foreclosure. In the event of a foreclosure pursuant to this Deed of Trust or other transfer of title or assignment of the Trust Estate in extinguishment, in whole or in part, of the debt secured hereby, all right, title and interest of Trustor in and to all policies of insurance maintained pursuant to Section 2.5 shall inure to the benefit of and pass to the successor in interest to Trustor or the purchaser or grantee of the Trust Estate.

Appears in 3 contracts

Samples: Deed of Trust (Cadiz Inc), Deed of Trust (Cadiz Inc), Credit Agreement (Cadiz Inc)

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Assignment of Policies Upon Foreclosure. In the event of a foreclosure pursuant to of this Deed of Trust as a mortgage, a sale under the power of sale, or any other transfer of title or assignment of the Trust Estate in extinguishment, in whole or in part, of the debt secured herebySecured Obligations, all right, title and interest of Trustor in and to all policies of insurance maintained pursuant to required by Section 2.5 1.03 shall inure to the benefit of and pass to the successor in interest to Trustor or the purchaser or grantee of the Trust Estate, to the extent such policies are assignable pursuant to the terms thereof.

Appears in 3 contracts

Samples: Leasehold Deed of Trust, Leasehold Deed of Trust (Desert Hawk Gold Corp.), Asset Purchase Agreement

Assignment of Policies Upon Foreclosure. In the event of a foreclosure pursuant to of this Deed of Trust or other transfer of title or assignment of the Trust Estate in extinguishment, in whole or in part, of the debt secured hereby, all right, title and interest of Trustor in and to all policies of insurance maintained pursuant to Section 2.5 required by this Deed of Trust shall inure to the benefit of and pass to the successor in interest to Trustor or the purchaser or grantee of the Trust Estate.

Appears in 3 contracts

Samples: Leasehold Deed of Trust, Assignment of Rents and Security Agreement, Leasehold Deed of Trust, Assignment of Rents and Security Agreement, Leasehold Deed of Trust, Assignment of Rents and Security Agreement

Assignment of Policies Upon Foreclosure. In the event of a foreclosure pursuant to of this Deed of Trust Mortgage or other transfer of title or assignment of the Trust Estate Mortgaged Property in extinguishment, in whole or in part, of the debt secured hereby, all right, title and interest of Trustor Mortgagor in and to all policies of insurance maintained pursuant to required by Section 2.5 shall 1.3 will inure to the benefit of and pass to the successor in interest to Trustor Mortgagor or the purchaser or grantee of the Trust EstateMortgaged Property.

Appears in 2 contracts

Samples: Mortgage, Assignment of Rents, Security Agreement and Fixture Filing (KBS Real Estate Investment Trust II, Inc.), Mortgage, Assignment of Rents, Security Agreement and Fixture Filing (KBS Real Estate Investment Trust II, Inc.)

Assignment of Policies Upon Foreclosure. In the event of a foreclosure pursuant to of this Deed of Trust or other transfer of title or assignment of the Trust Estate in extinguishment, extinguishment in whole or in part, of the debt secured hereby, all right, title and interest of Trustor in and to all policies of insurance maintained pursuant to required by this Section 2.5 shall inure to the benefit of and pass to the successor in interest to Trustor or the purchaser or grantee of the Trust Estate.

Appears in 2 contracts

Samples: Deed of Trust (OVERSTOCK.COM, Inc), Deed of Trust (OVERSTOCK.COM, Inc)

Assignment of Policies Upon Foreclosure. In the event of a foreclosure pursuant to of this Deed of Trust or other transfer of title or assignment of the Trust Estate Mortgaged Property in extinguishment, in whole or in part, of the debt indebtedness secured hereby, all right, title and interest of Trustor in and to all policies of insurance maintained pursuant to Section 2.5 required by this Deed of Trust shall inure to the benefit of and pass to the successor in interest to Trustor Trustor, or the purchaser or grantee of the Trust EstateMortgaged Property.

Appears in 2 contracts

Samples: Deed of Trust (Icg Services Inc), Deed of Trust (Icg Holdings Inc)

Assignment of Policies Upon Foreclosure. In That in the event of a foreclosure pursuant to of this Deed of Trust Mortgage or other transfer of title or assignment of the Trust Estate Mortgaged Property in extinguishment, in whole or in part, of the debt secured hereby, all right, title and interest of Trustor Mortgagor in and to all policies of insurance maintained pursuant to Section 2.5 (except for the liability insurance) required by this Mortgage shall and must inure to the benefit of and pass to the successor in interest to Trustor Mortgagor or the purchaser or grantee of the Trust EstateMortgaged Property.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Starwood Lodging Corp)

Assignment of Policies Upon Foreclosure. In the event of a foreclosure pursuant to of this Deed of Trust or other transfer of title or assignment of the Trust Estate in extinguishment, in 147 whole or in part, of the debt secured hereby, all right, title and interest of Trustor in and to all policies of insurance maintained pursuant to required by Section 2.5 1.3 and covering solely the Trust estate or any portion thereof shall inure to the benefit of and pass to the successor in interest to Trustor or to the purchaser or grantee of the Trust Estate.

Appears in 1 contract

Samples: Deed of Trust, Security Agreement, Financing Statement and Fixture Filing (Can Cal Resources LTD)

Assignment of Policies Upon Foreclosure. In the event of a foreclosure pursuant to of this Deed of Trust or other transfer of title or assignment of the Trust Estate in extinguishment, in whole or in part, of the debt secured hereby, all right, title and interest of Trustor Bxxxxxxx in and to all policies of insurance maintained pursuant to required by Section 2.5 shall 1.3 will inure to the benefit of and pass to the successor in interest to Trustor Borrower or the purchaser or grantee of the Trust Estate.

Appears in 1 contract

Samples: Security Agreement (Permex Petroleum Corp)

Assignment of Policies Upon Foreclosure. In the event of a foreclosure pursuant to of this Deed of Trust or other transfer of title or assignment of the Trust Estate in extinguishment, in whole or in part, of the debt secured hereby, all right, title and interest of Trustor in and to all policies of insurance maintained pursuant to required by Section 2.5 1.5 and covering solely the Trust Estate or any portion thereof shall inure to the benefit of and pass to the successor in interest to Trustor or to the purchaser or grantee of the Trust Estate.

Appears in 1 contract

Samples: Deed of Trust, Security Agreement, Financing Statement and Fixture Filing (Can Cal Resources LTD)

Assignment of Policies Upon Foreclosure. In the event of a foreclosure pursuant to of this Deed of Trust or other transfer of title or assignment of the Trust Estate in extinguishment, in whole or in part, of the debt secured hereby, all right, title and interest of Trustor in and to all policies of insurance maintained pursuant to Section 2.5 required by this Deed of Trust shall inure to the benefit of and pass to the successor in interest to Trustor or of the purchaser or grantee of the Trust Estate.

Appears in 1 contract

Samples: Deed of Trust, Assignment of Rents and Security Agreement

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Assignment of Policies Upon Foreclosure. In the event of a foreclosure pursuant to of this Deed of Trust or other transfer of title or assignment of the Trust Estate in extinguishment, in whole or in part, of the debt secured hereby, all right, title title, and interest of Trustor Grantor in and to all policies of insurance maintained pursuant to Section 2.5 required by this Deed of Trust shall inure to the benefit of and pass to the successor in interest to Trustor Grantor or the purchaser or grantee of the Trust Estate.

Appears in 1 contract

Samples: Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing

Assignment of Policies Upon Foreclosure. In the event of a foreclosure pursuant to of this Deed of Trust or other transfer of title or assignment of the Trust Estate in extinguishment, in whole or in part, of the debt secured hereby, all right, title and interest of Trustor in and to all policies of insurance maintained pursuant to Section 2.5 obtained by Trustor, whether required by the Loan Documents or otherwise, shall inure to the benefit of and pass to the successor in interest to Trustor or the purchaser or grantee of the Trust Estate.

Appears in 1 contract

Samples: Deed of Trust

Assignment of Policies Upon Foreclosure. In the event of a foreclosure pursuant to of this Deed of Trust or other transfer of title or assignment of the Trust Estate in extinguishment, in whole or in part, of the debt secured hereby, all right, title and interest of Trustor in and to all policies of insurance maintained pursuant to required by Section 2.5 shall 1.3 will inure to the benefit of and pass to the successor in interest to Trustor or the purchaser or grantee of the Trust Estate.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Assignment of Policies Upon Foreclosure. In the event of a foreclosure pursuant to of this Deed of Trust or other transfer of title or assignment of the Trust Estate in extinguishment, in whole or in part, of the debt secured hereby, all right, title and interest of Trustor in and to all policies of insurance maintained pursuant to Section 2.5 required by this Deed of Trust shall inure to the benefit of and an pass to the successor in interest to Trustor or of the purchaser or grantee of the Trust Estate.

Appears in 1 contract

Samples: Deed of Trust, Assignment of Rents and Security Agreement

Assignment of Policies Upon Foreclosure. In the event of a foreclosure pursuant to of this Deed of Trust as a mortgage, a sale under the power of sale, or any other transfer of title or assignment of the Trust Estate in extinguishment, in whole or in part, of the debt secured herebyObligations, all right, title and interest of Trustor in and to all policies of insurance maintained pursuant to required by Section 2.5 1.3 shall inure to the benefit of and pass to the successor in interest to Trustor or the purchaser or grantee of the Trust Estate, to the extent such policies are assignable pursuant to the terms thereof.

Appears in 1 contract

Samples: Leasehold Deed of Trust (Utah Medical Products Inc)

Assignment of Policies Upon Foreclosure. In the event of a foreclosure pursuant to of this Deed of Trust or other transfer of title or assignment of the Trust Estate in extinguishment, in whole or in part, of the debt secured hereby, all right, title and interest of Trustor Borrower in and to all policies of insurance maintained pursuant to required by Section 2.5 shall 1.3 will inure to the benefit of and pass to the successor in interest to Trustor Borrower or the purchaser or grantee of the Trust Estate.

Appears in 1 contract

Samples: Deed of Trust (Pro Dex Inc)

Assignment of Policies Upon Foreclosure. In the event of a foreclosure pursuant to of this Deed of Trust Security Instrument or other transfer of title or assignment of the Trust Estate Property in extinguishment, in whole or in part, of the debt secured hereby, all right, title and interest of Trustor in Borrower In and to all policies of insurance maintained pursuant to required by Section 2.5 1.07 hereof shall inure Inure to the benefit of and pass to the successor in interest to Trustor Borrower or the purchaser or grantee of the Trust EstateProperty.

Appears in 1 contract

Samples: Trust Agreement (Netreit, Inc.)

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