Receipt Sufficient Discharge for Purchaser. The receipt of the court officer or other person conducting any such sale for the purchase money paid at any such sale shall be sufficient discharge thereof to any purchaser of the Property, or any part thereof, sold as aforesaid. No such purchaser or his representatives, grantees or assigns, after paying such purchase money and receiving such receipt, shall be bound to see to the application of such purchase money upon or for purpose of this Mortgage, or shall be answerable in any matter whatsoever for any loss, misapplication or non-application of any such purchase money or any part thereof, nor shall any such purchaser be bound to inquire as to the necessity or expediency of any such sale.
Appears in 3 contracts
Samples: Leasehold Mortgage (Balanced Care Corp), Leasehold Mortgage (Balanced Care Corp), Leasehold Mortgage (Balanced Care Corp)
Receipt Sufficient Discharge for Purchaser. The receipt of the court ------------------------------------------- officer or other person conducting any such sale for the purchase money paid at any such sale shall be sufficient discharge thereof to any purchaser of the Property, or any part thereof, sold as aforesaid. No such purchaser or his representatives, grantees or assigns, after paying such purchase money and receiving such receipt, shall be bound to see to the application of such purchase money upon or for purpose of this Mortgage, or shall be answerable in any matter whatsoever for any loss, misapplication or non-application of any such purchase money or any part thereof, nor shall any such purchaser be bound to inquire as to the necessity or expediency of any such sale.
Appears in 3 contracts
Samples: Leasehold Mortgage (Emeritus Corp\wa\), Leasehold Mortgage (Emeritus Corp\wa\), Leasehold Mortgage, Security Agreement, Assignment of Leases and Rents, Financing Statement and Fixture Filing (Emeritus Corp\wa\)
Receipt Sufficient Discharge for Purchaser. The receipt of the Trustee or of the court officer or other person conducting any such sale for the purchase money paid at any such sale shall be a sufficient discharge thereof therefor to any purchaser of the Property, or any part thereof, sold as aforesaid. No ; and no such purchaser or his representatives, grantees or assigns, after paying such purchase money and receiving such receipt, shall be bound to see to the application of such purchase money upon or for any trust or purpose of this MortgageIndenture, or shall be answerable in any matter manner whatsoever for any loss, misapplication or non-application of any such purchase money or any part thereof, nor shall any such purchaser be bound to inquire as to the necessity or expediency of any such sale.
Appears in 2 contracts
Samples: Trust Indenture (Chi Energy Inc), Trust Indenture (Ramsay Health Care Inc)
Receipt Sufficient Discharge for Purchaser. The receipt of the Indenture Trustee or of the court officer or other person conducting any such sale for the purchase money paid at any such sale shall be a sufficient discharge thereof therefor to any purchaser of the PropertyTrust Estate, or any part thereof, sold as aforesaid. No ; and no such purchaser or his representatives, grantees or assigns, after paying such purchase money and receiving such receipt, shall be bound to see to the application of such purchase money upon or for any trust or purpose of this MortgageIndenture, or shall be answerable in any matter manner whatsoever for any loss, misapplication or non-application of any such purchase money or any part thereof, nor shall any such purchaser be bound to inquire as to the necessity or expediency of any such sale.
Appears in 2 contracts
Samples: Indenture of Trust and Security Agreement (National Healthcare Corp), Indenture of Trust and Security Agreement (National Health Realty Inc)
Receipt Sufficient Discharge for Purchaser. The receipt of the Trustees or of the court officer or other person conducting any such sale for the purchase money paid at any such sale shall be a sufficient discharge thereof therefor to any purchaser of the PropertyMortgaged Properties, or any part thereof, sold as aforesaid. No ; and no such purchaser or his representatives, grantees or assigns, after paying such purchase money and receiving such receipt, shall be bound to see to the application of such purchase money upon or for any trust or purpose of this MortgageIndenture, or shall be answerable in any matter manner whatsoever for any loss, misapplication or non-application nonapplication of any such purchase money or any part thereof, nor shall any such purchaser be bound to inquire as to the necessity or expediency of any such sale.
Appears in 1 contract
Samples: Trust Indenture (Kmart Corp)
Receipt Sufficient Discharge for Purchaser. The receipt of the Indenture Trustee or of the court officer or other person conducting any such sale for the purchase money paid at any such sale shall be a sufficient discharge thereof therefor to any purchaser of the PropertyProperties, or any part thereof, sold as aforesaid. No , and no such purchaser or his representatives, grantees or assigns, after paying such purchase money and receiving such receipt, shall be bound to see to the application of such purchase money upon or for any trust or purpose of this MortgageIndenture, or shall be answerable in any matter manner whatsoever for any loss, misapplication or non-application of any such purchase money or any part thereof, nor shall any such purchaser be bound to inquire as to the necessity or expediency of any such sale.
Appears in 1 contract
Samples: Trust Indenture and Security Agreement (Sabre Holdings Corp)
Receipt Sufficient Discharge for Purchaser. The receipt of the court ------------------------------------------- officer or other person conducting any such sale for the purchase money paid at any such sale shall be sufficient discharge thereof to any purchaser of the Property, or any part thereof, sold as aforesaid. No such purchaser or his representatives, grantees or assigns, after paying such purchase money and receiving such receipt, shall be bound to see to the application of such purchase money upon or for purpose of this MortgageDeed of Trust, or shall be answerable in any matter whatsoever for any loss, misapplication or non-application of any such purchase money or any part thereof, nor shall any such purchaser be bound to inquire as to the necessity or expediency of any such sale.
Appears in 1 contract
Samples: Leasehold Mortgage/Deed of Trust (Emeritus Corp\wa\)
Receipt Sufficient Discharge for Purchaser. The receipt of the court officer or other person conducting any such sale for the purchase money paid at any such sale shall be sufficient discharge thereof to any purchaser of the Property, or any part thereof, sold as aforesaid. No such purchaser or his representatives, grantees or assigns, after paying such purchase money and receiving such receipt, shall be bound to see to the application of such purchase money upon or for purpose of this Mortgage, or shall be answerable in any matter whatsoever for any loss, misapplication or non-application nonapplication of any such purchase money or any part thereof, nor shall any such purchaser be bound to inquire as to the necessity or expediency of any such sale.
Appears in 1 contract
