Existing Deed of Trust or Mortgage. It is understood and agreed that, other than the Assumed Deeds of Trust, any deeds of trust and/or mortgages which encumber the Properties (collectively, a “Deed of Trust”) shall not be deemed Permitted Exceptions for such Property, whether Purchaser gives further written notice of such or not, and shall be paid off, satisfied, discharged and/or cured from proceeds of the Purchase Price at Closing.
Appears in 5 contracts
Samples: Purchase and Sale Contract, Purchase and Sale Contract (Consolidated Capital Properties Iv), Purchase and Sale Contract (Century Properties Fund Xvi)
