Common use of PURCHASER NOT BOUND TO ENQUIRE Clause in Contracts

PURCHASER NOT BOUND TO ENQUIRE. The Mortgagee is authorised to give a good discharge for any moneys received by it pursuant to the exercise of its power of sale and a purchaser shall not be bound to enquire whether the power of sale has arisen as herein provided nor be concerned with the manner of application of the proceeds of sale.

PURCHASER NOT BOUND TO ENQUIRE. The Each of the Mortgagee and any Receiver and any nominee of the Mortgagee is authorised authorized to give a good discharge for any moneys received or recovered by it pursuant to the exercise of its power of sale and a purchaser shall not be bound to enquire whether the power of sale has arisen as herein provided nor be concerned with the manner of application of the proceeds of sale.