Common use of FORECLOSURE AND SALE OF THE PROPERTY Clause in Contracts

FORECLOSURE AND SALE OF THE PROPERTY. This deed of trust shall be construed to impose and confer upon the parties hereto, and the Beneficiaries hereunder, all duties, rights and obligations as set forth in Section 55-59, and 55-59.1 through 55-59.4 and 55-60 of the Code of Virginia as now in force and (to the extent that any amendment thereof shall not limit the rights of the Trustees or Beneficiaries hereunder or the obligations of the Grantor) as hereafter amended; and further to incorporate herein the following provisions by the short form references below, of Sections 55-59 and 55-59.1 through 55-59.4 and 55-60 of the Code of Virginia: ADVERTISEMENT REQUIRED: Four times in a newspaper published or having general circulation in Northumberland County BIDDER’S DEPOSIT: of Ten Percent (10%) may be required. EXEMPTIONS WAIVED. SUBJECT TO CALL UPON DEFAULT. RENEWAL OR EXTENSIONS PERMITTED. Grantor acknowledges that Beneficiary will have the right to seek a deficiency judgment in the event of default, sale of the property and Beneficiary not being made whole from the proceeds of such sale.

FORECLOSURE AND SALE OF THE PROPERTY. This deed of trust shall be construed to impose and confer upon the parties hereto, and the Beneficiaries hereunder, all duties, rights and obligations as set forth in Section 55-59, and 55-59.1 through 55-59.4 and 55-60 of the Code of Virginia as now in force and (to the extent that any amendment thereof shall not limit the rights of the Trustees or Beneficiaries hereunder or the obligations of the Grantor) as hereafter amended; and further to incorporate herein the following provisions by the short form references below, of Sections 55-59 and 55-59.1 through 55-59.4 and 55-60 of the Code of Virginia: ADVERTISEMENT REQUIRED: Four times in a newspaper published or having general circulation in Northumberland County BIDDER’S 'S DEPOSIT: of Ten Percent (10%) may be required. EXEMPTIONS EXTENSIONS WAIVED. SUBJECT TO CALL UPON DEFAULT. RENEWAL OR EXTENSIONS PERMITTED. Grantor acknowledges that Beneficiary will have the right to seek a deficiency judgment in the event of default, sale of the property and Beneficiary not being made whole from the proceeds of such sale.

FORECLOSURE AND SALE OF THE PROPERTY. This deed of trust shall be construed to impose and confer upon the parties hereto, and the Beneficiaries hereunder, all duties, rights and obligations as set forth in Section 55-59, and 55-59.1 through 55-59.4 and 55-60 of the Code of Virginia as now in force and (to the extent that any amendment thereof shall not limit the rights of the Trustees or Beneficiaries hereunder or the obligations of the Grantor) as hereafter amended; and further to incorporate herein the following provisions by the short form references below, of Sections 55-59 and 55-59.1 through 55-59.4 and 55-60 of the Code of Virginia: ADVERTISEMENT REQUIRED: Four times in a newspaper published or having general circulation in Northumberland County BIDDER’S 'S DEPOSIT: of Ten Percent (10%) may be required. EXEMPTIONS WAIVED. SUBJECT TO CALL UPON DEFAULT. RENEWAL OR EXTENSIONS PERMITTED. Grantor acknowledges that Beneficiary will have the right to seek a deficiency judgment in the event of default, sale of the property and Beneficiary not being made whole from the proceeds of such sale.

FORECLOSURE AND SALE OF THE PROPERTY. This deed of trust shall be construed to impose and confer upon the parties hereto, and the Beneficiaries hereunder, all duties, rights and obligations as set forth in Section 55-59, and 55-59.1 through 55-59.4 and 55-60 of the Code of Virginia as now in force and (to the extent that any amendment thereof shall not limit the rights of the Trustees or Beneficiaries hereunder or the obligations of the Grantor) as hereafter amended; and further to incorporate herein the following provisions by the short form references below, of Sections 55-59 and 55-59.1 through 55-59.4 and 55-60 of the Code of Virginia: ADVERTISEMENT REQUIRED: Four times in a newspaper published or having general circulation in Northumberland County BIDDER’S 'S DEPOSIT: of Ten Percent (10%) may be required. EXEMPTIONS WAIVED. SUBJECT TO CALL UPON DEFAULT. RENEWAL OR EXTENSIONS PERMITTED. Grantor acknowledges that Beneficiary will have the right to seek a deficiency judgment in the event of default, sale of the property and Beneficiary not being made whole from the proceeds of such sale.