Common use of Costs and Expenses of Foreclosure Clause in Contracts

Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereon there shall be allowed and included as additional Indebtedness Hereby Secured in the decree for sale all reasonable expenditures and expenses which may be paid or incurred by or on behalf of the Mortgagee for attorney’s fees, appraiser’s fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be estimated as the items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, and similar data and assurances with respect to title as the Mortgagee may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged Property, all of which expenditures shall become so much additional Indebtedness Hereby Secured which the Company agrees to pay and all of such shall be immediately due and payable with interest thereon from the date of expenditure until paid at the Default Rate.

Appears in 3 contracts

Samples: Mortgage, Security Agreement (Gas Natural Inc.), Mortgage, Security Agreement (Blue Ridge Real Estate Co), Mortgage, Security Agreement (Blue Ridge Real Estate Co)

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Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereon hereof there shall be allowed and included as additional Indebtedness Hereby Secured indebtedness in the decree for sale all reasonable expenditures and expenses which may be paid or incurred by or on behalf of the Mortgagee or any Secured Creditor for attorney’s 's fees, appraiser’s 's fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be estimated as the to items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, Torrens certificates and similar data and assurances with respect to title as the Mortgagee or any Secured Creditor may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged PropertyPremises, all of which expenditures shall become so much additional Indebtedness Hereby Secured indebtedness hereby secured which the Company Mortgagor agrees to pay and all of such shall be immediately due and payable with interest thereon from the date of expenditure until paid at the Default Rate.

Appears in 3 contracts

Samples: Mortgage and Security Agreement (Morton Industrial Group Inc), Mortgage and Security Agreement (Morton Industrial Group Inc), Morton Industrial Group Inc

Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereon hereof there shall be allowed and included as additional Indebtedness Hereby Secured indebtedness in the decree for sale all reasonable expenditures and expenses which may be paid or incurred by or on behalf of the Mortgagee for attorney’s attorneys' fees, appraiser’s appraisers' fees, environmental auditors' fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be estimated as the items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, Torrens certificates and similar data and assurances with respect to title as the Mortgagee may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged PropertyPremises, all of which expenditures shall become so much additional Indebtedness Hereby Secured indebtedness hereby secured which the Company Mortgagor agrees to pay and all of such shall be immediately due and payable with interest thereon from the date of expenditure until paid at the Default Rate.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Ios Brands Corp), Ios Brands Corp

Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereon hereof there shall be allowed and included as additional Indebtedness Hereby Secured indebtedness in the decree for sale all reasonable expenditures and expenses which may be paid or incurred by or on behalf of the Mortgagee for attorney’s attorneys’ fees, appraiser’s appraisers’ fees, environmental auditors’ fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be estimated as the items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, Torrens certificates and similar data and assurances with respect to title as the Mortgagee may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged PropertyPremises, all of which expenditures shall become so much additional Indebtedness Hereby Secured indebtedness hereby secured which the Company Mortgagor agrees to pay and all of such shall be immediately due and payable with interest thereon from the date of expenditure until paid at the Default Rate.

Appears in 1 contract

Samples: X Rite Inc

Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereon hereof there shall be allowed and included as additional Indebtedness Hereby Secured Obligations in the decree for sale all reasonable expenditures and expenses which may be paid or incurred by or on behalf of the Mortgagee Lender for reasonable attorney’s fees, appraiser’s fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be estimated as the items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, Torrens certificates and similar data and assurances with respect to title as the Mortgagee Lender may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged Property, all of which expenditures shall become so much additional Indebtedness Hereby Secured Obligations which the Company Borrower agrees to pay and all of such expenditures shall be immediately due and payable with interest thereon at the Default Rate from the date of expenditure until paid at the Default Ratepaid.

Appears in 1 contract

Samples: Mortgage And (Secured Investment Resources Fund Lp Ii)

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Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereon hereof there shall be allowed and included as additional Indebtedness Hereby Secured indebtedness in the decree for sale all reasonable expenditures and expenses which may be paid or incurred by or on behalf of the Mortgagee or any Lender for attorney’s 's fees, appraiser’s 's fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be estimated as the to items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, Torrens certificates and similar data and assurances with respect to title as the Mortgagee or any Lender may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged PropertyPremises, all of which expenditures shall become so much additional Indebtedness Hereby Secured indebtedness hereby secured which the Company Mortgagor agrees to pay and all of such shall be immediately due and payable with interest thereon from the date of expenditure until paid at the Default Rate.

Appears in 1 contract

Samples: Morton Industrial Group Inc

Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereon hereof there shall be allowed and included as additional Indebtedness Hereby Secured indebtedness in the decree for sale all reasonable expenditures and expenses which may be paid or incurred by or on behalf of the Mortgagee for attorney’s attorneys’ fees, appraiser’s appraisers’ fees, environmental auditors’ fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be estimated as the items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, and similar data and assurances with respect to title as the Mortgagee may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged PropertyPremises, all of which expenditures shall become so much additional Secured Indebtedness Hereby Secured which the Company Mortgagor agrees to pay and all of such shall be immediately due and payable with interest thereon from the date of expenditure until paid at the Default Reimbursement Rate.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Cti Industries Corp)

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