Purchase by Mortgagee. Upon any such foreclosure sale, Mortgagee may bid for and purchase the Mortgaged Property and, upon compliance with the terms of sale, may hold, retain and possess and dispose of such property in its own absolute right without further accountability.
Appears in 5 contracts
Samples: Mortgage and Security Agreement (Adcare Health Systems, Inc), Leasehold Mortgage, Assignment of Leases and Rents and Security Agreement (General Housing Inc), Loan Agreement (Liberty Technologies Inc)
Purchase by Mortgagee. Upon any such foreclosure sale, Mortgagee may bid for and purchase the Mortgaged Property and, upon compliance with the terms of sale, may hold, retain and possess and dispose of such property the Mortgaged Property in its own absolute right without further accountability.
Appears in 3 contracts
Samples: Fee and Leasehold Mortgage (CVD Equipment Corp), Mortgage, Future Advance, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Reptron Electronics Inc), Mortgage (Reptron Electronics Inc)
Purchase by Mortgagee. Upon any such foreclosure sale, Mortgagee may bid for and purchase the Mortgaged Property and, upon compliance with the terms of sale, may hold, retain and possess and dispose of such property in its own absolute right without further accountability.
Appears in 3 contracts
Samples: Mortgage, Security Agreement, Assignment of Leases and Rents, and Fixture Filing (Neutron Energy, Inc.), Mortgage, Security Agreement, Assignment of Leases and Rents, and Fixture Filing (Neutron Energy, Inc.), Mortgage, Security Agreement, Assignment of Leases and Rents, and Fixture Filing (Neutron Energy, Inc.)
Purchase by Mortgagee. Upon Without limiting any other provision contained herein, upon any such foreclosure sale, the Mortgagee may bid for and purchase the Mortgaged Property and, upon compliance with the terms of sale, may hold, retain and possess and dispose of such property in its own absolute right without further accountability.
Appears in 2 contracts
Samples: Mortgage and Security Agreement (Acadia Realty Trust), Mortgage and Security Agreement (Acadia Realty Trust)
Purchase by Mortgagee. Upon any such foreclosure sale, Mortgagee may bid for and purchase the Mortgaged Property and, upon compliance with the terms of salesale and applicable law, may hold, retain and possess and dispose of such property in its own absolute right without further accountabilityaccountability to Mortgagor.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Certified Diabetic Services Inc)
Purchase by Mortgagee. Upon any such and foreclosure sale, Mortgagee may bid for and purchase the Mortgaged Property and, upon compliance with the terms of 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, Assignment and Security Agreement (Sea Pines Associates Inc)
