Purchase by Bank. Upon any foreclosure sale or sale of all or any portion of the Mortgaged Property under the power herein granted, Bank may bid for and purchase the Mortgaged Property and shall be entitled to apply all or any part of the Obligations as a credit to the purchase price.
Appears in 4 contracts
Samples: Deed of Trust and Security Agreement, Leasehold Mortgage / Mortgage and Security Agreement (CNL Healthcare Properties II, Inc.), Leasehold Deed of Trust / Deed of Trust and Security Agreement (CNL Healthcare Properties, Inc.)
Purchase by Bank. Upon any foreclosure sale or sale of all or any portion of the Mortgaged Property under the power herein grantedsale, Bank may bid for and purchase the Mortgaged Property and shall be entitled to apply all or any part of the Obligations any obligation secured hereby as a credit to the purchase price.
Appears in 1 contract
