Title, Management and Disposition of Foreclosed Property. In the event that title to a Mortgaged Property is acquired in foreclosure or by deed in lieu of foreclosure (a "Foreclosed Property"), the deed or certificate of sale may be taken in the name of the Trustee on behalf of the Trust for the benefit of the Certificates and the SBA, as their interests may appear.
Appears in 4 contracts
Samples: Spread Account Agreement (BLC Financial Services Inc), Pooling and Servicing Agreement (Money Store of New York Inc), Pooling and Servicing Agreement (Money Store Sba Loan Backed Adj Rak Cert Series 1997-I)
Title, Management and Disposition of Foreclosed Property. In the event that title to a Mortgaged Property is acquired in foreclosure or by deed in lieu of foreclosure (a "Foreclosed Property"), the deed or certificate of sale may be taken in the name of the Trustee on behalf of the Trust Fund for the benefit of the Certificates Certificateholders and the SBA, as their interests may appearappear under the Multi-Party Agreement dated the date of this Agreement.
Appears in 2 contracts
Samples: Spread Account Agreement (BLC Financial Services Inc), Spread Account Agreement (BLC Financial Services Inc)
