Common use of PAYMENT OF COSTS, EXPENSES AND ATTORNEYS’ FEES Clause in Contracts

PAYMENT OF COSTS, EXPENSES AND ATTORNEYS’ FEES. Trustor agrees to --------------------------------------------- pay to Beneficiary immediately and without demand all costs and expenses incurred by Trustee and Beneficiary in exercising the remedies under the Note and Loan Documents (including but without limitation, court costs and attorneys' fees, whether incurred in litigation or not) with interest at the greater of the interest rate provided in the Note or the highest rate payable under any Indebtedness and Obligations, from the date of expenditure until said sums have been paid. Beneficiary shall be entitled to bid, at the sale of the Mortgaged Property held pursuant to the power of sale granted herein or pursuant to any judicial foreclosure of this instrument, the amount of said costs, expenses and interest in addition to the amount of the other Indebtedness and Obligations as a credit bid, the equivalent of cash.

Appears in 4 contracts

Samples: Inco Homes Corp, Inco Homes Corp, Inco Homes Corp

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