Examples of Deed of Trust State in a sentence
It is agreed that if State Farm should institute a suit for the collection of the Indebtedness and/or for the foreclosure of this Deed of Trust, State Farm may at any time before the entry of a final judgment in said suit dismiss the same, and require Trustee, his substitute or successor to sell the Premises in accordance with the provisions of this Deed of Trust.
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The Indenture Trustee and the Deed of Trust State Trustees shall not be liable for any error of judgment, nor for any act done or step taken or omitted, nor for any mistake of law or fact, nor for anything which they may do or refrain from doing in good faith nor generally shall the Indenture Trustee or the Deed of Trust State Trustees have any accountability hereunder except for their respective individual willful misconduct or negligence.
It shall not be necessary for a Deed of Trust State Trustee to have taken possession of any part of the Estate or to have present or to exhibit at any sale any part of the Estate.
If any document required to be executed pursuant to the terms of Section 15.01 or 15.02 adversely affects any right, duty, immunity or indemnity in favor of the Indenture Trustee or any Deed of Trust State Trustee under this Indenture or the Lease or any other Operative Document, the Indenture Trustee or Deed of Trust State Trustee, as the case may be, may in its sole discretion decline to execute such document.
If a Deed of Trust State Trustee or its successor or substitute shall have given notice of sale hereunder, any successor or substitute Deed of Trust State Trustee thereafter appointed may complete the sale and the conveyance of the property pursuant thereto as if such notice had been given by the successor or substitute Deed of Trust State Trustee conducting the sale.
A Deed of Trust State Trustee may, after any request or direction by the Holders from time to time, sell not only the real property but also the security and other interests which are a part of the Estate, or any part thereof, as a unit and as a part of a single sale, or may sell any part of the Estate separately from the remainder of the Estate.
Any sale made by a Deed of Trust State Trustee hereunder may be as an entirety or in such parcels as the Beneficiary, acting at the direction of a Majority in Interest of Secured Note Holders, may request.
The power of sale granted herein shall not be exhausted by any sale held hereunder by a Deed of Trust State Trustee or its substitute or successor, and such power of sale may be exercised from time to time and as many times as it may deem necessary until all of the Estate has been duly sold and all secured indebtedness has been fully paid.
The Indenture Trustee and the Deed of Trust State Trustees shall be fully protected in relying on such opinion.