Receipt a Sufficient Discharge to Purchaser. Upon any sale of the Mortgaged Property or any part thereof or any interest therein, whether pursuant to power of sale, foreclosure by advertisement, judicial foreclosure or otherwise, the receipt of the purchase money by Mortgagee or the officer making the sale under judicial proceedings shall be a sufficient discharge to the purchaser for the purchase money, and such purchaser shall not be obliged to see to the application thereof.
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Samples: Asset Purchase Agreement (Revett Minerals Inc.), Mortgage, Security Agreement, Financing Statement and Assignment of Proceeds, Rents and Leases (Crested Corp)
Receipt a Sufficient Discharge to Purchaser. Upon any sale of the Mortgaged Property or any part thereof or any interest therein, whether pursuant to foreclosure or power of sale, foreclosure by advertisement, judicial foreclosure sale or otherwiseotherwise hereunder, the receipt of the purchase money by Mortgagee or the officer making the sale under judicial proceedings or auctioneer in the event of a private sale shall be a sufficient discharge to the purchaser for the purchase money, and such purchaser shall not be obliged obligated to see to the application thereof.
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Receipt a Sufficient Discharge to Purchaser. Upon any sale of a Property after the Mortgaged Property or any part thereof or any interest thereinMortgage Notes become due and payable, whether pursuant to power at maturity, by declaration of sale, foreclosure acceleration or by advertisement, judicial foreclosure automatic acceleration after an Event of Default or otherwise, the receipt of the purchase money by Mortgagee or the receipt of the officer making the sale under judicial proceedings shall shall, to the full extent legally permitted, be a sufficient discharge to the purchaser for the purchase money, and such purchaser shall not be obliged obligated to see to the application thereof.
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Receipt a Sufficient Discharge to Purchaser. Upon any sale of the Mortgaged Property or any part thereof or any interest thereinafter the Mortgage Note becomes due and payable, whether pursuant to power at maturity, by declaration of sale, foreclosure acceleration or by advertisement, judicial foreclosure automatic acceleration after an Event of Default or otherwise, the receipt of the purchase money by Mortgagee or the receipt of the officer making the sale under judicial proceedings shall shall, to the full extent legally permitted, be a sufficient discharge to the purchaser for the purchase money, and such purchaser shall not be obliged obligated to see to the application thereof.
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Samples: Mortgage, Security Agreement, Assignment of Leases and Rents and Fixture Filing (Mills Corp)
Receipt a Sufficient Discharge to Purchaser. Upon any sale of the Mortgaged Property or any part thereof or any interest therein, whether pursuant to power of sale, foreclosure by advertisement, judicial foreclosure or otherwise, the receipt of the purchase money by Mortgagee or the officer making the sale under judicial proceedings of the purchase money therefor shall be a sufficient discharge to the purchaser for the such purchase money, and such purchaser shall not be obliged obligated to see to the application thereof.
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