Common use of Suit to Collect and Foreclose Clause in Contracts

Suit to Collect and Foreclose. Mortgagee, at its election, or the Trustee, upon written request of Mortgagee, may proceed by suit or suits, at law or in equity, to enforce the payment of the Indebtedness in accordance with the terms hereof and of the notes, guaranties, or other documents evidencing it, and to foreclose the Lien of this Deed of Trust as against all or any portion of the Mortgaged Property and to have such Property sold under the judgment or decree of a court of competent jurisdiction.

Appears in 2 contracts

Samples: Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production (Primeenergy Corp), Mortgage, Deed of Trust, Security Agreement, Financing Statement and Assignment of Production (Primeenergy Corp)

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Suit to Collect and Foreclose. Mortgagee, at its election, or the Trustee, upon written request of Mortgagee, may proceed by suit or suits, at law or in equity, to enforce the payment of the Indebtedness in accordance with the terms hereof and of the notes, guaranties, or other documents evidencing it, and to foreclose the Lien of this Deed of Trust Mortgage as against all or any portion of the Mortgaged Property and to have such Property sold under the judgment or decree of a court of competent jurisdiction.

Appears in 1 contract

Samples: Mortgage, Security Agreement, Financing Statement and Assignment of Production (High Plains Gas, Inc.)

Suit to Collect and Foreclose. Mortgagee, at its election, or the Trustee, upon written request of Mortgagee, may proceed by suit or suits, at law or in equity, to enforce the payment of the Indebtedness in accordance with the terms hereof and of the notes, guaranties, or other documents evidencing it, and to foreclose the Lien Liens of this Deed of Trust as against all or any portion of the Mortgaged Property and to have such Property sold under the judgment or decree of a court of competent jurisdiction.

Appears in 1 contract

Samples: Deed of Trust, Security Agreement, Financing Statement and Assignment of Production (Lucas Energy, Inc.)

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Suit to Collect and Foreclose. Mortgagee, at its election, or the Trustee, upon written request of Mortgagee, may proceed by suit or suits, at law or in equity, to enforce the payment of the Indebtedness in accordance with the terms hereof and of the notes, guaranties, guaranties or other documents evidencing it, and to foreclose the Lien lien and/or security interest of this Deed of Trust as against all or any portion of the Mortgaged Property and to have such Property property sold under the judgment or decree of a court of competent jurisdiction.

Appears in 1 contract

Samples: Deed of Trust, Security Agreement, Financing Statement and Assignment of Production (Fortune Natural Resources Corp)

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