Purchase by Lender. Upon any foreclosure sale, Lender may bid for and purchase all or any portion of the Mortgaged Property and, upon compliance with the terms of the sale, may hold, retain and possess and dispose of such property in its own absolute right without further accountability.
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Samples: Real Property Mortgage (Sigmatron International Inc), Real Property Mortgage (Sigmatron International Inc), Credit Agreement (Quixote Corp)
Purchase by Lender. Upon any such foreclosure salesale pursuant to judicial proceedings, Lender may bid for and purchase all or any portion of the Mortgaged Property and, upon compliance with the terms of the sale, may hold, retain and possess and dispose of such property in its own absolute right without further accountability.
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Purchase by Lender. Upon any such foreclosure sale, Lender may bid for and purchase all or any portion of the Mortgaged Property and, upon compliance with the terms of the sale, may hold, retain and possess and dispose of such property in its own absolute right without further accountability.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Homegold Financial Inc)
Purchase by Lender. Upon any foreclosure salesale pursuant to judicial proceedings, Lender may bid for and purchase all or any portion of the Mortgaged Property and, upon compliance with the terms of the sale, may hold, retain and possess and dispose of such property in its own absolute right the Property without further accountabilityaccountability to Borrower.
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