Common use of Foreclosure by Power of Sale Clause in Contracts

Foreclosure by Power of Sale. Should the Beneficiary elect to foreclose by exercise of the power of sale herein contained, the Beneficiary shall deliver to the Trustee the Notice of Sale and shall deposit with Trustee this Deed of Trust which is secured hereby (and the deposit of which will be deemed to constitute evidence that the Secured Obligations are immediately due and payable), and such receipts and evidence of any expenditures made that are additionally secured hereby as Trustee may require.

Appears in 13 contracts

Samples: Security Agreement, Security Agreement, 64.166.146.245

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Foreclosure by Power of Sale. Should the Beneficiary elect to foreclose by exercise of the power of sale herein contained, the Beneficiary shall deliver give to the Trustee the Notice of Sale Default and Election to Sell and shall deposit with Trustee this Deed of Trust which is secured hereby (and the deposit of which will shall be deemed to constitute evidence that the Secured Obligations are unpaid principal amount of the Note is immediately due and payable), and such receipts and evidence of any expenditures made that are additionally secured hereby as Trustee may require.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Rents and Security Agreement

Foreclosure by Power of Sale. Should the If Beneficiary elect elects to foreclose this Deed of Trust by exercise of the power of sale herein containedin this Deed of Trust, the Beneficiary shall deliver to the notify Trustee the Notice of Sale and shall deposit with Trustee this Deed such written notice of Trust which is secured hereby (default and the deposit of which will be deemed election to constitute evidence that the Secured Obligations are immediately due and payable), sell and such receipts and or evidence of any expenditures made that are additionally and secured hereby as Trustee may require.

Appears in 2 contracts

Samples: Rents and Security Agreement (Icg Services Inc), Rents and Security Agreement (Icg Holdings Inc)

Foreclosure by Power of Sale. Should the Beneficiary elect to foreclose by exercise of the power of sale herein contained, the Beneficiary shall deliver to the notify Trustee the Notice of Sale and shall deposit with Trustee this Deed of Trust Trust, the Loan Agreement and the Note which is secured hereby (and the deposit of which will shall be deemed to constitute evidence that the Secured Obligations are unpaid Principal amount of the Note is immediately due and payable), and such receipts and evidence of any expenditures made that are additionally secured hereby as Trustee may require.

Appears in 2 contracts

Samples: And Security Agreement, And Security Agreement

Foreclosure by Power of Sale. (a) Should the Beneficiary elect to foreclose by exercise of the power of sale herein contained, the Beneficiary shall deliver give notice to the Trustee (the "Notice of Sale Default and Election to Sell") and shall deposit with Trustee this Leasehold Deed of Trust which is secured hereby (and the deposit of which will shall be deemed to constitute evidence that the Secured Obligations are immediately due and payable), and such receipts and evidence of any expenditures made that are additionally secured hereby as Trustee may require.

Appears in 1 contract

Samples: Loan Agreement

Foreclosure by Power of Sale. (a) Should the Beneficiary elect to foreclose by exercise of the power of sale herein contained, the Beneficiary shall deliver give notice to the Trustee (the Notice of Sale Sale”) and shall deposit with Trustee this Deed of Trust which is secured hereby (and the deposit of which will shall be deemed to constitute evidence that the Secured Obligations are unpaid principal amount of the Note is immediately due and payable), and such receipts and evidence of any expenditures made that are additionally secured hereby as Trustee may require.

Appears in 1 contract

Samples: Deed of Trust and Security Agreement

Foreclosure by Power of Sale. Should the Beneficiary elect to foreclose by exercise of the ofthe power of sale ofsale herein contained, the Beneficiary shall deliver give notice to the Trustee (the "Notice of Sale Sale'') and shall deposit with Trustee liustee this Deed of Trust which is secured hereby (and the deposit of which will ofwhich shall be deemed to constitute evidence that the Secured Obligations unpaid amounts under the Loan and Grant Agreement are immediately due and payable), and such receipts and evidence of any any. expenditures made that are additionally secured hereby as Trustee may require.

Appears in 1 contract

Samples: Loan and Grant Agreement

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Foreclosure by Power of Sale. Should the Beneficiary elect to foreclose by exercise of the power of sale herein contained, the Beneficiary shall deliver to the notify Trustee the Notice of Sale and shall deposit with Trustee this Deed of Trust which is secured hereby (and the deposit of which will shall be deemed to constitute evidence that the Secured Obligations are amount of the Promissory Note is immediately due and payable), and such receipts and evidence of any expenditures made that are additionally secured hereby as Trustee may require.

Appears in 1 contract

Samples: Affordable Housing Loan Agreement

Foreclosure by Power of Sale. Should the Beneficiary elect to foreclose by exercise of the power of sale herein contained, the Beneficiary shall deliver to the Trustee the Notice of Sale and shall deposit with Trustee this Deed of Trust which is secured hereby (and the deposit of which will shall be deemed to constitute evidence that the Secured Obligations are immediately due and payable), and such receipts and evidence of any expenditures made that are additionally secured hereby as Trustee may require.

Appears in 1 contract

Samples: 64.166.146.245

Foreclosure by Power of Sale. Should the Beneficiary elect to foreclose by exercise of the power of sale herein contained, the Beneficiary shall deliver to the notify Trustee the Notice of Sale and shall deposit with Trustee this Deed of Trust which is secured hereby (and the deposit of which will shall be deemed to constitute evidence that the Secured Obligations are Note amount is immediately due and payable), and such receipts and evidence of any expenditures made that are additionally secured hereby as Trustee may require.

Appears in 1 contract

Samples: new.thecity.redwoodcity.org

Foreclosure by Power of Sale. Should the Beneficiary elect to foreclose by exercise of the power of sale herein contained, the Beneficiary shall deliver give notice to the Trustee (the "Notice of Sale Sale") and shall deposit with Trustee this Deed of Trust which is secured hereby (and the deposit of which will shall be deemed to constitute evidence that the Secured Obligations are unpaid principal amount of the Note is immediately due and payable), and such receipts and evidence of any expenditures made that are additionally secured hereby as Trustee may require.

Appears in 1 contract

Samples: Development, and Loan Agreement

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