Purchase by Lender. Upon any foreclosure sale, Lender may bid for and purchase the Mortgaged Property and shall be entitled to apply all or any part of the Indebtedness as a credit to the purchase price.
Appears in 2 contracts
Samples: Mortgage and Security Agreement, Mortgage and Security Agreement (CNL Healthcare Trust, Inc.)
Purchase by Lender. Upon any foreclosure sale or Trustee’s sale, Lender may bid for and purchase the Mortgaged Property and shall be entitled to apply all or any part of the Indebtedness as a credit to the purchase price.
Appears in 1 contract
Samples: And Security Agreement (Griffin Industrial Realty, Inc.)
Purchase by Lender. Upon any foreclosure sale, Lender may bid for and purchase the Mortgaged Property and shall be entitled to apply all or any part of the Indebtedness as a credit to the purchase price.
Appears in 1 contract
Samples: Assignment of Rents and Security Agreement (Griffin Industrial Realty, Inc.)
Purchase by Lender. Upon any foreclosure saleor other sale of or any portion of the Mortgaged Property, Lender may bid for and purchase the Mortgaged Property or any part thereof and shall be entitled to apply all or any part of the Indebtedness Secured Obligations as a credit to the purchase price.
Appears in 1 contract
Samples: Trust and Security Agreement (Wells Real Estate Investment Trust Inc)
