Common use of Judicial Foreclosure Clause in Contracts

Judicial Foreclosure. This Deed of Trust shall be effective as a mortgage as well as a deed of trust and upon the occurrence of an Event of Default may be foreclosed as to any of the Premises in any manner permitted by the laws of the STATE OF TEXAS or of any other state in which any part of the Premises is situated, and any foreclosure suit may be brought by Trustee or by State Farm. In the event a foreclosure hereunder shall be commenced by Trustee, or his substitute or successor, State Farm may at any time before the sale of the Premises direct Trustee to abandon the sale, and may then institute suit for the collection of the Indebtedness, and/or for the foreclosure of this Deed of Trust. It is agreed that if State Farm should institute a suit for the collection of the Indebtedness and/or for the foreclosure of this Deed of Trust, State Farm may at any time before the entry of a final judgment in said suit dismiss the same, and require Trustee, his substitute or successor to sell the Premises in accordance with the provisions of this Deed of Trust.

Judicial Foreclosure. This Deed of Trust Mortgage shall be effective as a mortgage as well as a deed of trust and upon the occurrence of an Event of a Default may be foreclosed as to any of the Premises Mortgaged Property in any manner permitted by the laws of the STATE OF TEXAS State of Texas or of any other state in which any part of the Premises Mortgaged Property is situated, and any foreclosure suit may be brought by Trustee or by State FarmNoteholder. In the event a foreclosure hereunder shall be commenced by Trustee, or his substitute or successor, State Farm Noteholder may at any time before the sale of the Premises Mortgaged Property direct Trustee to abandon the sale, and may then institute suit for the collection of the Indebtedness, and/or for the foreclosure of this Deed of TrustMortgage. It is agreed that if State Farm Noteholder should institute a suit for the collection of the Indebtedness and/or for the foreclosure of this Deed of TrustMortgage, State Farm Noteholder may at any time before the entry of a final judgment in said suit dismiss the same, and require Trustee, his substitute or successor to sell the Premises Mortgaged Property in accordance with the provisions of this Deed of TrustMortgage.

Judicial Foreclosure. This Deed of Trust Mortgage shall be effective as a mortgage as well as a deed of trust and upon the occurrence of an Event of a Default may be foreclosed as to any of the Premises Mortgaged Property in any manner permitted by the laws of the STATE OF TEXAS State of Texas or of any other state in which any part of the Premises Mortgaged Property is situated, and any foreclosure suit may be brought by Trustee or by State FarmNoteholder. In the event a foreclosure hereunder shall be commenced by Trustee, or his substitute or successor, State Farm Noteholder may at any time before the sale of the Premises Mortgaged Property direct Trustee to abandon the sale, and may then institute suit for the collection of the Indebtedness, and/or and for the foreclosure of this Deed of TrustMortgage. It is agreed that if State Farm Noteholder should institute a suit for the collection of the Indebtedness and/or and for the foreclosure of this Deed of TrustMortgage, State Farm Noteholder may at any time before the entry of a final judgment in said suit dismiss the same, and require Trustee, his substitute or successor to sell the Premises Mortgaged Property in accordance with the provisions of this Deed of TrustMortgage.

Judicial Foreclosure. This Deed of Trust shall be effective as a mortgage as well as a deed of trust and upon the occurrence of an Event of a Default may be foreclosed as to any of the Premises Mortgaged Property in any manner permitted by the laws of the STATE OF TEXAS State of Texas or of any other state in which any part of the Premises Mortgaged Property is situated, and any foreclosure suit may be brought by Trustee or by State Farmthe Collateral Agent. In the event a foreclosure hereunder shall be commenced by Trustee, or his substitute or successor, State Farm the Collateral Agent may at any time before the sale of the Premises Mortgaged Property direct Trustee to abandon the sale, and may then institute suit for the collection of the Indebtedness, and/or for the foreclosure of this Deed of Trust. It is agreed that if State Farm the Collateral Agent should institute a suit for the collection of the Indebtedness and/or for the foreclosure of this Deed of Trust, State Farm the Collateral Agent may at any time before the entry of a final judgment in said suit dismiss the same, and require Trustee, his substitute or successor to sell the Premises Mortgaged Property in accordance with the provisions of this Deed of Trust.

Judicial Foreclosure. This Deed of Trust instrument shall be effective as a mortgage as well as a deed of trust and upon the occurrence of an Event of Default a default may be foreclosed as to any of the Premises Property in any manner permitted by the laws of the STATE OF TEXAS State of Texas or of any other state in which any part of the Premises Property is situated, and any foreclosure suit may be brought by the Trustee or by State Farmthe Noteholder. In the event a foreclosure hereunder shall be commenced by the Trustee, or his substitute or successor, State Farm the Noteholder may at any time before the sale of the Premises Property direct the said Trustee to abandon the sale, and may then institute suit for the collection of the IndebtednessNote and the. other secured indebtedness, and/or and for the foreclosure of this Deed of TrustMortgage. It is agreed that if State Farm the Noteholder should institute a suit for the collection of the Indebtedness and/or Note or any other secured indebtedness and for the foreclosure of this Deed of TrustMortgage, State Farm the Noteholder may at any time before the entry of a final judgment in said suit dismiss the same, and require the Trustee, his substitute or successor to sell the Premises Property in accordance with the provisions of this Deed of TrustMortgage.