Receipt to Purchaser. Upon any sale the receipt of the Mortgagee, or of the officer making such sale under judicial proceedings, shall be sufficient discharge to the purchaser or purchasers at any sale for his or their purchase money, and such purchaser or purchasers, or his or their assigns or personal representatives, shall not, after paying such purchase money and receiving such receipt of the Mortgagee or of such officer therefor, be obligated to see to the application of such purchase money, or be in anywise answerable for any loss, misapplication or nonapplication thereof.
Appears in 2 contracts
Samples: Mortgage, Security Agreement (Lilis Energy, Inc.), Mortgage, Security Agreement (Starboard Resources, Inc.)
Receipt to Purchaser. Upon any sale sale, the receipt of the Mortgagee, sheriff or of the officer other official making such sale under judicial proceedings, proceedings shall be sufficient discharge to the purchaser or purchasers at any sale for his or their purchase money, and such purchaser or purchasers, or his or their assigns or personal representatives, shall not, after paying such purchase money and receiving such receipt of the Mortgagee Mortgagee, sheriff or of such officer other official therefor, be obligated to see to the application of such purchase money, or be in anywise answerable for any loss, misapplication or nonapplication thereof.
Appears in 2 contracts
Samples: Mortgage, Security Agreement (Lilis Energy, Inc.), Mortgage, Security Agreement (Lilis Energy, Inc.)
Receipt to Purchaser. Upon any sale sale, the receipt of the Mortgagee, Mortgagee or of the officer making such sale under judicial proceedings, shall be sufficient discharge to the purchaser or purchasers at any sale for his or their purchase money, and such purchaser or purchasers, or his or their assigns or personal representatives, shall not, after paying such purchase money and receiving such receipt of the Mortgagee Mortgagee, or of such officer therefor, be obligated obliged to see to the application of such purchase money, or be in anywise answerable for any loss, misapplication or nonapplication thereof.
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Samples: Calpine Corp
Receipt to Purchaser. Upon any such sale the receipt of the Mortgagee, or of the officer making such sale under judicial proceedings, shall be sufficient discharge to the purchaser or purchasers at any sale for his or their purchase money, and such purchaser or purchasers, or his or their assigns or personal representatives, shall not, after paying such purchase money and receiving such receipt of the Mortgagee or of such officer therefor, be obligated to see to the application of such purchase money, or be in anywise answerable for any loss, misapplication or nonapplication thereof.
Appears in 1 contract
Receipt to Purchaser. Upon any sale the receipt of the Mortgagee, or of the officer making such sale under judicial proceedings, shall be sufficient discharge to the purchaser or purchasers at any sale for his its or their purchase money, and such purchaser or purchasers, or his its or their assigns or personal representatives, shall not, after paying such purchase money and receiving such receipt of the Mortgagee or of such officer therefor, be obligated to see to the application of such purchase money, or be in anywise answerable for any loss, misapplication or nonapplication thereof.
Appears in 1 contract
