Common use of Costs and Expenses of Foreclosure Clause in Contracts

Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereof there shall be allowed and included as additional indebtedness in the decree for sale all reasonable expenditures and expenses which may be paid or incurred by or on behalf of Mortgagee or any Secured Creditor for attorney's fees, appraiser's fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be estimated as to items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, Torrens certificates and similar data and assurances with respect to title as Mortgagee or any Secured Creditor may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged Premises, all of which expenditures shall become so much additional indebtedness hereby secured which Mortgagor agrees to pay and all of such shall be immediately due and payable with interest thereon from the date of expenditure until paid at the Default Rate.

Appears in 3 contracts

Samples: Mortgage and Security Agreement (Morton Industrial Group Inc), Mortgage and Security Agreement (Morton Industrial Group Inc), Morton Industrial Group Inc

AutoNDA by SimpleDocs

Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereof hereon there shall be allowed and included as additional indebtedness Indebtedness Hereby Secured in the decree for sale all reasonable expenditures and expenses which may be paid or incurred by or on behalf of the Mortgagee or any Secured Creditor for attorney's ’s fees, appraiser's ’s fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be estimated as to the items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, Torrens certificates and similar data and assurances with respect to title as the Mortgagee or any Secured Creditor may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged PremisesProperty, all of which expenditures shall become so much additional indebtedness hereby secured Indebtedness Hereby Secured which Mortgagor the Company agrees to pay and all of such shall be immediately due and payable with interest thereon from the date of expenditure until paid at the Default Rate.

Appears in 3 contracts

Samples: Mortgage, Security Agreement (Blue Ridge Real Estate Co), Mortgage, Security Agreement (Gas Natural Inc.), Mortgage, Security Agreement (Blue Ridge Real Estate Co)

Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereof there shall be allowed and included as additional indebtedness in the decree for sale all reasonable expenditures and expenses which may be paid or incurred by or on behalf of Mortgagee or any Secured Creditor for attorney's attorneys' fees, appraiser's appraisers' fees, environmental auditors' fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be estimated as to the items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, Torrens certificates and similar data and assurances with respect to title as Mortgagee or any Secured Creditor may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged Premises, all of which expenditures shall become so much additional indebtedness hereby secured which Mortgagor agrees to pay and all of such shall be immediately due and payable with interest thereon from the date of expenditure until paid at the Default Rate.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Ios Brands Corp), Ios Brands Corp

Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereof Lien or first perfected security interest hereon there shall be allowed and included as additional indebtedness Senior Secured Obligations in the decree for sale all reasonable expenditures and expenses which may be paid or incurred by or on behalf of the Mortgagee or any Secured Creditor for reasonable attorney's fees, reasonable appraiser's fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be estimated as to the items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, Torrens certificates and similar data and assurances with respect to title as the Mortgagee or any Secured Creditor may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged PremisesCollateral, all of which expenditures shall become so much additional indebtedness hereby secured Senior Secured Obligations which Mortgagor the Company agrees to pay and all of such shall be immediately due and payable with interest thereon from the date of expenditure until paid at the Default Overdue Rate.

Appears in 1 contract

Samples: Mortgage and Security Agreement (American Crystal Sugar Co /Mn/)

Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereof there shall be allowed and included as additional indebtedness in the decree for sale all reasonable expenditures and expenses which may be paid or incurred by or on behalf of Mortgagee or any Secured Creditor the Beneficiary for attorney's attorneys' fees, appraiser's appraisers' fees, environmental auditors' fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be estimated as to the items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, Torrens certificates policies and similar data and assurances with respect to title as Mortgagee or any Secured Creditor the Beneficiary may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged PremisesProperty, all of which expenditures shall become so much additional indebtedness hereby secured Indebtedness Hereby Secured which Mortgagor the Lessee agrees to pay and all of such shall be immediately due and payable with interest thereon from the date of expenditure until paid at the Default Overdue Rate.

Appears in 1 contract

Samples: Trust and Security Agreement (Sabre Holdings Corp)

Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereof there shall be allowed and included as additional indebtedness in the decree for sale all reasonable expenditures and expenses which may be paid or incurred by or on behalf of Mortgagee or any Secured Creditor for attorney's attorneys’ fees, appraiser's appraisers’ fees, environmental auditors’ fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be estimated as to the items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, Torrens certificates and similar data and assurances with respect to title as Mortgagee or any Secured Creditor may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged Premises, all of which expenditures shall become so much additional indebtedness hereby secured which Mortgagor agrees to pay and all of such shall be immediately due and payable with interest thereon from the date of expenditure until paid at the Default Rate.

Appears in 1 contract

Samples: X Rite Inc

Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereof there shall be allowed and included as additional indebtedness in the decree for sale all reasonable expenditures and expenses which may be paid or incurred by or on behalf of Mortgagee or any Secured Creditor for attorney's attorneys’ fees, appraiser's appraisers’ fees, environmental auditors’ fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be estimated as to the items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, Torrens certificates and similar data and assurances with respect to title as Mortgagee or any Secured Creditor may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged Premises, all of which expenditures shall become so much additional indebtedness hereby secured Secured Indebtedness which Mortgagor agrees to pay and all of such shall be immediately due and payable with interest thereon from the date of expenditure until paid at the Default Reimbursement Rate.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Cti Industries Corp)

AutoNDA by SimpleDocs

Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereof there shall be allowed and included as additional indebtedness in the decree for sale all reasonable expenditures and expenses which may be paid or incurred by or on behalf of Mortgagee or any Secured Creditor Lender for attorney's fees, appraiser's fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be estimated as to items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, Torrens certificates and similar data and assurances with respect to title as Mortgagee or any Secured Creditor Lender may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged Premises, all of which expenditures shall become so much additional indebtedness hereby secured which Mortgagor agrees to pay and all of such shall be immediately due and payable with interest thereon from the date of expenditure until paid at the Default Rate.

Appears in 1 contract

Samples: Morton Industrial Group Inc

Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereof there shall be allowed and included as additional indebtedness Obligations in the decree for sale all reasonable expenditures and expenses which may be paid or incurred by or on behalf of Mortgagee or any Secured Creditor Lender for reasonable attorney's ’s fees, appraiser's ’s fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be estimated as to the items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, Torrens certificates and similar data and assurances with respect to title as Mortgagee or any Secured Creditor Lender may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged PremisesProperty, all of which expenditures shall become so much additional indebtedness hereby secured Obligations which Mortgagor the Borrower agrees to pay and all of such expenditures shall be immediately due and payable with interest thereon at the Default Rate from the date of expenditure until paid at the Default Ratepaid.

Appears in 1 contract

Samples: Mortgage And (Secured Investment Resources Fund Lp Ii)

Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereof Lien or first perfected security interest hereon there shall be allowed and included as additional indebtedness Indebtedness Hereby Secured in the decree for sale all reasonable till expenditures and expenses which may be be, paid or incurred by or on behalf of the Mortgagee or any Secured Creditor for reasonable attorney's fees, reasonable appraiser's fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be be, estimated as to the items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, Torrens certificates and similar data and assurances with respect to title as the Mortgagee or any Secured Creditor may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged PremisesCollateral, all of which expenditures shall become so much additional indebtedness hereby secured Indebtedness Hereby Secured which Mortgagor the Company agrees to pay and all of such shall be immediately due and payable with interest thereon from the date of expenditure until paid at the Default Rate.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Striker Industries Inc)

Costs and Expenses of Foreclosure. In any suit to foreclose the lien hereof hereon there shall be allowed and included as additional indebtedness Indebtedness Hereby Secured in the decree for sale all reasonable expenditures and expenses which may be paid or incurred by or on behalf of Mortgagee or any Secured Creditor the Beneficiary for attorney's ’s fees, appraiser's ’s fees, outlays for documentary and expert evidence, stenographic charges, publication costs and costs (which may be estimated as to the items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, Torrens certificates and similar data and assurances with respect to title as Mortgagee or any Secured Creditor the Beneficiary may deem to be reasonably necessary either to prosecute any foreclosure action or to evidence to the bidder at any sale pursuant thereto the true condition of the title to or the value of the Mortgaged PremisesGranted Property, all of which expenditures shall become so much additional indebtedness hereby secured Indebtedness Hereby Secured which Mortgagor the Grantor agrees to pay and all of such shall be immediately due and payable with interest thereon from the date of expenditure until paid at the Default Rate.

Appears in 1 contract

Samples: Trust, Security Agreement (Kingsway Financial Services Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.