Common use of Costs and Expenses of Foreclosure Clause in Contracts

Costs and Expenses of Foreclosure. To the extent permitted by applicable law, in any suit to foreclose the lien hereof there shall be allowed and included as additional indebtedness in the decree for sale all expenditures and expenses which may be paid or incurred by or on behalf of Mortgagee for 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, and similar data and assurances with respect to title as Mortgagee 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 Property, and reasonable attorneys’ fees, all of which expenditures shall become additional Obligations which Xxxxxxxxx agrees to pay and all of such expenditures shall be immediately due and payable from the date of expenditure until paid to Mortgagee.

Appears in 2 contracts

Samples: Hall of Fame Resort & Entertainment Co, Hall of Fame Resort & Entertainment Co

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Costs and Expenses of Foreclosure. To the extent permitted by applicable law, in In any suit to foreclose the lien hereof there shall be allowed and included as additional indebtedness in the decree for sale all expenditures and expenses which may be paid or incurred by or on behalf of Mortgagee the Beneficiary for appraiser’s attorneys' fees, 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, policies and similar data and assurances with respect to title as Mortgagee 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 Property, and reasonable attorneys’ fees, all of which expenditures shall become so much additional Obligations Indebtedness Hereby Secured which Xxxxxxxxx the Lessee agrees to pay and all of such expenditures shall be immediately due and payable with interest thereon from the date of expenditure until paid to Mortgageeat the Overdue Rate.

Appears in 1 contract

Samples: Trust and Security Agreement (Sabre Holdings Corp)

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Costs and Expenses of Foreclosure. To the extent permitted by applicable law, in 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 the Beneficiary 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 the items to be expended after the entry of the decree) of procuring all such abstracts of title, title searches and examination, guarantee policies, and similar data and assurances with respect to title as Mortgagee 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 Granted Property, and reasonable attorneys’ fees, all of which expenditures shall become so much additional Obligations Indebtedness Hereby Secured which Xxxxxxxxx the Grantor agrees to pay and all of such expenditures shall be immediately due and payable with interest thereon from the date of expenditure until paid to Mortgageeat the Default Rate.

Appears in 1 contract

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

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