Common use of Repairs During Redemption Clause in Contracts

Repairs During Redemption. In the event of a judicial foreclosure the purchaser during any redemption period may make such repairs and alterations to the Property as may be reasonably necessary for the proper operation, care, preservation, protection and insuring of the Property. Any sums so paid, together with interest from the date of the expenditure at the rate provided in the judgment, shall be added to the amount required to be paid for redemption of the Property.

Appears in 4 contracts

Samples: Deed of Trust (Ids Shurgard Income Growth Partners L P Ii), Deed of Trust, Security Agreement and Fixture Filing With Assignment of Leases and Rents (Pacific Aerospace & Electronics Inc), Deed of Trust, Security Agreement and Fixture Filing With Assignment of Leases and Rents (Pacific Aerospace & Electronics Inc)

AutoNDA by SimpleDocs

Repairs During Redemption. In the event of a judicial foreclosure foreclosure, the purchaser during any redemption period may make such repairs and alterations to the Property as may be reasonably necessary for the proper operation, care, preservation, protection and insuring of the Property. Any sums so paid, together with interest from the date of the expenditure at the rate provided in the judgment, shall judgment will be added to the amount required to be paid for redemption of the Property.

Appears in 4 contracts

Samples: Loan Agreement, Line of Credit Trust Deed, Security Agreement, Fixture Filing and Assignment of Leases and Rents, Loan Agreement

AutoNDA by SimpleDocs

Repairs During Redemption. In the event of a judicial foreclosure the purchaser during any redemption period may make such repairs and alterations to the Property as may be reasonably reasonably. necessary for the proper operation, care, preservation, protection and insuring of the Property. Any sums so paid, together with interest from the date of the expenditure at the rate provided in the judgment, shall be added to the amount required to be paid for redemption of the Property.

Appears in 2 contracts

Samples: Business Loan Agreement (Coeur D Alenes Co /Ia/), Business Loan Agreement (Coeur D Alenes Co /Ia/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!