Purchase by Mortgagee. Upon any foreclosure sale, Mortgagee 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 (Advocat Inc), Mortgage and Security Agreement (Advocat Inc)
Purchase by Mortgagee. Upon any foreclosure sale, Mortgagee may bid for and purchase the Mortgaged Property and shall be entitled to apply all or any part of the Indebtedness any Obligation secured hereby as a credit to the purchase price.
Appears in 2 contracts
Samples: Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Blyth Inc), Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing (Blyth Inc)
Purchase by Mortgagee. Upon any foreclosure sale, Mortgagee 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: Loan Agreement (Jameson Inns Inc)
Purchase by Mortgagee. Upon any foreclosure sale, Mortgagee may bid for and purchase the Mortgaged Security Property and shall be entitled to apply all or any part of the Indebtedness any indebtedness or obligation secured hereby as a credit to the purchase price.
Appears in 1 contract
Samples: Mortgage, Security Agreement and Financing Statement (Itt Industries Inc)
Purchase by Mortgagee. Upon any foreclosure sale, Mortgagee may bid for and purchase the Mortgaged Property Collateral and shall be entitled to apply all or any part of the Indebtedness Loan Obligations as a credit to the purchase price.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Emeritus Corp\wa\)
