Common use of Lender as Purchaser Clause in Contracts

Lender as Purchaser. Lender has the right to become the purchaser at any sale held by Lender or by any court, receiver, public officer or other Person, and Lender has the right to credit, upon the amount of the bid made therefor, the amount of Secured Obligations payable to it out of the net proceeds of such sale. Upon any such purchase, Lender shall acquire good title to the Property so purchased, free from the Lien of this Mortgage and free of all rights of redemption, if any, in Borrower.

Lender as Purchaser. The Lender has shall have the right to become the purchaser at any sale held by the Lender or successor or by any court, receiver, receiver or public officer or other Personat any public sale, and the Lender has shall have the right to credit, credit upon the amount of the bid made thereforLender’s successful bid, to the amount of Secured Obligations payable extent necessary to it out satisfy such bid, all or any part of the net proceeds of secured indebtedness in such sale. Upon any such purchase, manner and order as the Lender shall acquire good title to the Property so purchased, free from the Lien of this Mortgage and free of all rights of redemption, if any, in Borrowermay elect.

Lender as Purchaser. Lender has shall have the right to become the purchaser at any sale held by Lender or substitute or successor or by any court, receiver, receiver or public officer or other Personat any public sale, and Lender has shall have the right to credit, credit upon the amount of Lender's successful bid, to the bid made thereforextent necessary to satisfy such bid, the amount of Secured Obligations payable to it out all or any part of the net proceeds of secured indebtedness in such sale. Upon any such purchase, manner and order as Lender shall acquire good title to the Property so purchased, free from the Lien of this Mortgage and free of all rights of redemption, if any, in Borrowermay elect.

Lender as Purchaser. Lender has shall have the right to become the purchaser at any sale held by Lender or by any court, receiver, public officer or other Personin foreclosure of the liens and/or security interests evidenced hereby, and Lender has shall have the right to credit, credit upon the amount of the bid made therefor, the amount of Secured Obligations payable to it out of the net proceeds of such sale. Upon any such purchase, Lender shall acquire good title to the Property so purchasedextent necessary to satisfy such bid, free from the Lien of this Mortgage and free of all rights of redemption, if any, in Borrowersecured indebtedness owing to Lender.