Common use of Single or Multiple Foreclosure Sales Clause in Contracts

Single or Multiple Foreclosure Sales. If the Property consists of more than one lot, parcel or item of property, Beneficiary may: (i) Designate the order in which the lots, parcels and/or items shall be sold or disposed of or offered for sale or disposition; and (ii) elect to dispose of the lots, parcels and/or items through a single consolidated sale or disposition to be held or made under the Power of Sale, or in connection with judicial proceedings, or by virtue of a judgment and decree of foreclosure and sale; or through two or more such sales or dispositions; or in any other manner Beneficiary may deem to be in its best interests (any such sale or disposition, a "Foreclosure Sale;" any two or more, "Foreclosure Sales"). If it chooses to have more than one Foreclosure Sale, Beneficiary at its option may cause the Foreclosure Sales to be held simultaneously or successively, on the same day, or on such different days and at such different times and in such order as it may deem to be in its best interests. No Non-Judicial Foreclosure Sale will terminate or affect the liens of this deed of trust on any part of the Property which has not been sold, until all of the Secured Obligations have been paid in full.

Appears in 2 contracts

Samples: Owens Realty Mortgage, Inc., Qad Inc

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Single or Multiple Foreclosure Sales. If the Property consists of more than one lot, parcel or item of property, Beneficiary may: (i) Designate the order in which the lots, parcels and/or items shall be sold or disposed of or offered for sale or disposition; and (ii) may elect to dispose of the Property, or any portion thereof, including but not limited to lots, parcels parcels, and/or items through a single consolidated sale or disposition to be held or made under the Power power of Salesale granted above, or in connection with judicial proceedings, or by virtue of a judgment and decree of foreclosure and sale; or through two or more such sales or dispositions; or in any other manner Beneficiary may deem to be in its best interests (any such sale or disposition, a "Foreclosure Sale;" any two or more, "Foreclosure Sales"). If it the Property consists of more than one lot, parcel or item of property, Beneficiary may designate the order in which the lots, parcels and/or items shall be sold or disposed of or offered for sale or disposition. If Beneficiary chooses to have more than one Foreclosure Sale, Beneficiary at its option may cause the Foreclosure Sales to be held simultaneously or successively, on the same day, or on such different days and at such different times and in such order as it Beneficiary may deem to be in its best interests. No Non-Judicial Foreclosure Sale will shall terminate or affect the liens lien of this deed Deed of trust Trust on any part of the Property which has not been sold, until all of the Secured Obligations have been paid and performed in full.

Appears in 1 contract

Samples: legistarweb-production.s3.amazonaws.com

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Single or Multiple Foreclosure Sales. If the Property at the time of sale or other disposition consists of more than one lot, parcel or item of property, Beneficiary may: (i) Designate the order in which the lots, parcels and/or or items shall be sold or disposed of or offered for sale or disposition; and (ii) elect Elect to dispose of the lots, parcels and/or or items through a single consolidated sale or disposition to be held or made under the Power power of Salesale herein granted, or in connection with judicial proceedings, or by virtue of a judgment and decree of foreclosure and sale; or through two or more such sales or dispositions; or in any other manner that Beneficiary may deem to be in its best interests (any such sale or disposition, a "Foreclosure Sale;" any two or more, "Foreclosure Sales"). If it Beneficiary chooses to have more than one Foreclosure Sale, Beneficiary at its option may cause the Foreclosure Sales to be held simultaneously or successively, on the same day, or on such different days and at such different times and in such order as it Beneficiary may deem to be in its best interests. No Non-Judicial Foreclosure Sale will shall terminate or affect the liens of this deed Deed of trust Trust on any part of the Property which has not been sold, until all of the Secured Obligations have been paid in full. 35.

Appears in 1 contract

Samples: Credit Agreement (Circus Circus Enterprises Inc)

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