Encumbered Property. The property that is encumbered by a Lien. ------------------- Foreclosure Exercise Notice: A notice from Holder to Owner and Lender --------------------------- stating that Holder elects to buy (i) the Secured Obligation in accordance with this Section 12, (ii) the Real Estate in accordance with this Section 12, or (iii) both the Secured Obligation and the Real Estate in accordance with this Section 12.
Appears in 5 contracts
Samples: Agreement for Sale of Real Estate (Discovery Investments Inc), Agreement for Sale of Real Estate (Discovery Investments Inc), Agreement for Sale of Real Estate (Discovery Investments Inc)
Encumbered Property. The property that is encumbered by a Lien. ------------------- Foreclosure Exercise Notice: A notice from Holder to Owner and --------------------------- Lender --------------------------- stating that Holder elects to buy (i) the Secured Obligation in accordance with this Section 12, (ii) the Real Estate in accordance with this Section 12, or (iii) both the Secured Obligation and the Real Estate in accordance with this Section 12.
Appears in 1 contract
Samples: Agreement for Sale of Real Estate to Contract Dealer (Discovery Investments Inc)
