Common use of Notice of Sale; Sale of Property Clause in Contracts

Notice of Sale; Sale of Property. If Lender invokes the power of sale, Xxxxxx will send written notice, as prescribed by Applicable Law, to Borrower and to the other required recipients, of the Default and of Xxxxxx’s election to cause the Property to be sold. Trustee will give notice of sale as required by Applicable Law. At a time permitted by, and in accordance with Applicable Law, Trustee, without further demand on Borrower, will sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale.

Notice of Sale; Sale of Property. If Lender invokes the power of sale, Xxxxxx Lender or Trustee will send written noticemail copies of a notice of sale, as in the manner prescribed by Applicable Law, to Borrower and to the other required recipients, of the Default and of Xxxxxx’s election to cause the Property to be sold. Trustee will give notice of sale as required by public advertisement for the time and in the manner prescribed by Applicable Law. At a time permitted by, and in accordance with with, Applicable Law, Trustee, without further demand on Borrower, will sell the Property at public auction to the highest bidder for cash at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property to any later time on the same date by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale.