{"component": "clause", "props": {"groups": [{"snippet": "5 3.1 Remedies....................................................... 5 3.2", "snippet_links": [], "size": 6, "samples": [{"hash": "dJmpjElUFvC", "uri": "/contracts/dJmpjElUFvC#default-and-foreclosure", "label": "Deed of Trust (M & F Worldwide Corp)", "score": 19.0, "published": true}, {"hash": "c7fIVD1C1tS", "uri": "/contracts/c7fIVD1C1tS#default-and-foreclosure", "label": "Deed of Trust (M & F Worldwide Corp)", "score": 19.0, "published": true}, {"hash": "3Hzfh1jffDu", "uri": "/contracts/3Hzfh1jffDu#default-and-foreclosure", "label": "Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing (M & F Worldwide Corp)", "score": 19.0, "published": true}], "hash": "5779eddf5f0e952b99bebc156cf4e036", "id": 1}, {"snippet": "A request for notice of default and any notice of sale under any deed of trust or mortgage with power of sale encumbering said premises shall name the City, and its designated administrator, if applicable, as the recipient of said notice and shall be recorded by the Owner in the Office of the Recorder of the County of Monterey, CA. Any notice of default given pursuant to California Civil Code Section 2924b shall constitute a \"Notice of Intent to Sell\" hereunder, and the City or its assignee, may exercise its preemptive right to purchase pursuant to the provisions of this Agreement, provided however, that, notwithstanding any language contained in this Agreement to the contrary with regard to the rights of the lien holder, the City, or its assignee, must complete such purchase no later than the end of the period established by California Civil Code Section 2924c for reinstatement of a monetary default under the deed of trust or mortgage. In the event of default and foreclosure, the City, or its assignee, shall have the same right as the Owner to cure defaults and redeem the Residence prior to foreclosure sale. Such redemption shall be subject to the same fees, charges and penalties which would otherwise be assessed against the Owner. Nothing herein shall be construed as creating any obligation on the part of the City to cure any such default, nor shall this right to cure and redeem operate to extend any time limitations in the default provisions of the underlying deed of trust or mortgage. In the event the City, or its assignee, elects not to exercise its right to purchase upon default, and a foreclosure sale is consummated, any surplus proceeds to which the Owner may be entitled following foreclosure under California State law shall be paid as follows: After any required payment of encumbrances, that portion of surplus, if any, up to but not exceeding the net amount that the Owner would have received after any required payment of encumbrances under the formula set forth in Section 9 of this Agreement had the City exercised its right to purchase the Residence on the date of the foreclosure sale, shall be paid to the Owner on the date of the foreclosure sale; the balance of surplus, if any, shall be paid to the City, or its successors or assigns. In the event that the City, or its assignee, does not elect to purchase the Residence pursuant to the provisions of this Section and the Residence is transferred through foreclosure, deed-in-lieu of foreclosure to the primary lender, or assigned to the Secretary of HUD under 24 CFR 203.650 et. seq., the subsequent bona fide purchaser for value shall take title to the Residence free from any and all restrictions contained in this Agreement.", "snippet_links": [{"key": "request-for-notice-of-default", "type": "definition", "offset": [2, 31]}, {"key": "notice-of-sale", "type": "definition", "offset": [40, 54]}, {"key": "deed-of-trust-or-mortgage", "type": "clause", "offset": [65, 90]}, {"key": "power-of-sale", "type": "definition", "offset": [96, 109]}, {"key": "said-premises", "type": "definition", "offset": [122, 135]}, {"key": "designated-administrator", "type": "definition", "offset": [165, 189]}, {"key": "if-applicable", "type": "clause", "offset": [191, 204]}, {"key": "the-recipient", "type": "definition", "offset": [209, 222]}, {"key": "by-the-owner", "type": "clause", "offset": [260, 272]}, {"key": "office-of-the", "type": "clause", "offset": [280, 293]}, {"key": "county-of", "type": "clause", "offset": [310, 319]}, {"key": "pursuant-to-california-civil-code-section", "type": "clause", "offset": [362, 403]}, {"key": "notice-of-intent-to-sell", "type": "definition", "offset": [430, 454]}, {"key": "right-to-purchase", "type": "definition", "offset": [525, 542]}, {"key": "provisions-of-this-agreement", "type": "clause", "offset": [559, 587]}, {"key": "provided-however", "type": "clause", "offset": [589, 605]}, {"key": "agreement-to", "type": "definition", "offset": [660, 672]}, {"key": "with-regard-to", "type": "clause", "offset": [686, 700]}, {"key": "lien-holder", "type": "definition", "offset": [719, 730]}, {"key": "the-period", "type": "clause", "offset": [812, 822]}, {"key": "reinstatement-of", "type": "clause", "offset": [878, 894]}, {"key": "default-under", "type": "clause", "offset": [906, 919]}, {"key": "the-deed-of-trust", "type": "clause", "offset": [920, 937]}, {"key": "event-of-default", "type": "definition", "offset": [958, 974]}, {"key": "cure-defaults", "type": "clause", "offset": [1061, 1074]}, {"key": "the-residence", "type": "clause", "offset": [1086, 1099]}, {"key": "prior-to", "type": "definition", "offset": [1100, 1108]}, {"key": "foreclosure-sale", "type": "clause", "offset": [1109, 1125]}, {"key": "subject-to-the", "type": "definition", "offset": [1152, 1166]}, {"key": "charges-and-penalties", "type": "clause", "offset": [1178, 1199]}, {"key": "right-to-cure", "type": "clause", "offset": [1379, 1392]}, {"key": "to-extend", "type": "clause", "offset": [1412, 1421]}, {"key": "time-limitations", "type": "clause", "offset": [1426, 1442]}, {"key": "provisions-of-the", "type": "clause", "offset": [1458, 1475]}, {"key": "in-the-event-the", "type": "clause", "offset": [1514, 1530]}, {"key": "to-exercise", "type": "clause", "offset": [1565, 1576]}, {"key": "upon-default", "type": "clause", "offset": [1599, 1611]}, {"key": "surplus-proceeds", "type": "definition", "offset": [1656, 1672]}, {"key": "state-law", "type": "clause", "offset": [1747, 1756]}, {"key": "payment-of-encumbrances", "type": "clause", "offset": [1802, 1825]}, {"key": "net-amount", "type": "definition", "offset": [1888, 1898]}, {"key": "that-the-owner", "type": "clause", "offset": [1899, 1913]}, {"key": "section-9", "type": "clause", "offset": [2008, 2017]}, {"key": "date-of", "type": "clause", "offset": [2102, 2109]}, {"key": "the-balance", "type": "clause", "offset": [2196, 2207]}, {"key": "to-the-city", "type": "definition", "offset": [2242, 2253]}, {"key": "successors-or-assigns", "type": "definition", "offset": [2262, 2283]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [2387, 2413]}, {"key": "primary-lender", "type": "definition", "offset": [2503, 2517]}, {"key": "the-secretary", "type": "clause", "offset": [2534, 2547]}, {"key": "bona-fide-purchaser-for-value", "type": "definition", "offset": [2601, 2630]}, {"key": "title-to-the", "type": "clause", "offset": [2642, 2654]}], "size": 4, "samples": [{"hash": "d6tFNQzpPxz", "uri": "/contracts/d6tFNQzpPxz#default-and-foreclosure", "label": "Eligibility Documentation", "score": 30.4460191355, "published": true}, {"hash": "ivL4kpgO1eG", "uri": "/contracts/ivL4kpgO1eG#default-and-foreclosure", "label": "Eligibility Documentation", "score": 23.8391512663, "published": true}], "hash": "239338b275fae22a21a85d0db5942320", "id": 2}, {"snippet": "To the fullest extent permitted in equity or at law, by statute or otherwise:\n1. If an Event of Default shall occur, Beneficiary may, at Beneficiary\u2019s sole election and by or through Trustee or otherwise, exercise any or all of the following:\n(a) As provided in the Credit Agreement, declare all unpaid amounts under the US Revolving Notes and any other unpaid portion of the Obligations immediately due and payable.\n(b) Enter upon the Property and take exclusive possession thereof (subject to the rights of any lessee) and of all books, records and accounts relating thereto, and, if necessary to obtain such possession, Beneficiary may invoke any and all legal remedies to dispossess Grantor, including specifically one or more actions for forcible entry and detainer, trespass to try title and writ of restitution.\n(c) Hold, lease, manage, operate or otherwise use or permit the use of the Property, either itself or by other persons, firms or entities, in such manner, for such time and upon such other terms as Beneficiary may deem prudent under the circumstances (making such repairs, alterations, additions and improvements thereto and taking such other action from time to time as Beneficiary shall deem necessary or desirable), and apply all Rents collected in connection therewith in accordance with the provisions of Paragraph 7 of this Section D.\n(d) Sell or offer for sale the Property in such portions, order and parcels as Beneficiary may determine, with or without having first taken possession of same, to the highest bidder for cash at public auction. Such sale shall be made at the location designated by the commissioner\u2019s court of the county where the Land is situated pursuant to V.T.C.A. Property Code Section 51.002 or if no such designation has been made, at the courthouse door of the county where the Land is situated (or if the Land is situated in more than one county, then the Property shall be sold at the designated location or the courthouse door of any of such counties as designated in the notices of sale provided for herein) on the first Tuesday of any month between 10:00 A.M. and 4:00 P.M. after giving adequate legal notice of the time, place and terms of sale, by posting or causing to be posted written or printed notices thereof for at least twenty-one (21) consecutive days preceding the date of said sale at the courthouse door of the foregoing county, and if the Land is situated in more than one county, one notice shall be posted at the courthouse door of each county in which the Land is situated, and by Beneficiary serving written notice of such proposed sale on each debtor obligated to pay the Obligations, at least twenty-one (21) days preceding the date of said sale by certified mail at the most recent address for such parties in the records of Beneficiary, or by accomplishing all or any of the aforesaid in such manner as permitted or required by V.T.C.A. Property Code Section 51.002 (as now written or as hereafter amended or succeeded) relating to the sale of real estate and/or by Chapter 9 of the Code relating to the sale of collateral after default by a debtor, or by any other present or subsequent laws. At any such sale (i) Trustee shall not be required to have physically present, or to have constructive possession of, the Property (Grantor hereby covenants and agrees to deliver to Trustee any portion of the Property not actually or constructively possessed by Trustee promptly upon demand by Trustee during the continuance of an Event of Default) and the title to and right of possession of any such property shall pass to the purchaser thereof as completely as if the same had been actually present and delivered to purchaser at such sale; (ii) each instrument of conveyance executed by Trustee shall contain a general warranty of title, binding upon Grantor; (iii) each and every recital contained in any instrument of conveyance made by Trustee shall conclusively establish the truth and accuracy of the matters recited therein, including, without limitation, nonpayment of the Obligations, advertisement and conduct of such sale in the manner provided herein and otherwise by law and by appointment of any successor Trustee hereunder; (iv) any and all prerequisites to the validity of such sale shall be conclusively presumed to have been performed; (v) the receipt of Trustee or of such other party making the sale shall be a sufficient discharge to the purchaser for his purchase money and no such purchaser, or his assigns or personal representatives, shall thereafter be obligated to see to the application of such purchase money or be in any way answerable for any loss, misapplication or nonapplication thereof; (vi) to the extent permitted by law, Grantor shall be completely and irrevocably divested of all of its right, title, interest, claim and demand whatsoever, either at law or in equity, in and to the property sold and such sale shall be a perpetual bar both at law and in equity against Grantor, and against any and all other persons claiming or to claim the property sold or any part thereof; and (vii) to the extent permitted by law, Beneficiary may be a purchaser at any such sale.\n(e) Upon, or at any time after, commencement of foreclosure of the lien and security interest provided for herein, or any legal proceedings hereunder, make application to a court of competent jurisdiction as a matter of strict right and without notice to Grantor or regard to the adequacy of the Property for the repayment of the Obligations, for appointment of a receiver of the Property and Grantor does hereby irrevocably consent to such appointment. Any such receiver shall have all the usual powers and duties of receivers in similar cases.\n(f) Exercise any and all other rights, remedies and recourses granted under the Loan Documents or as may be now or hereafter existing in equity or at law, by virtue of statute or otherwise.\n2. Should the Property be sold in one or more parcels as permitted by Paragraph l(e) of this Section D, the right of sale arising out of any Event of Default shall not be exhausted by any one or more such sales, but other and successive sales may be made until all of the Property has been sold or until the Obligations have been fully satisfied.\n3. All rights, remedies and recourses of Beneficiary granted in the Loan Documents or otherwise available at law or equity shall be cumulative and concurrent, may be pursued separately, successively or concurrently against Grantor or any Obligated Party, or against the Property, or against any one or more of them, at the sole discretion of Beneficiary, may be exercised as often as occasion therefor shall arise, it being agreed by Grantor that the exercise or failure to exercise any of same shall in no event be construed as a waiver or release thereof or of any other right, remedy or recourse, and shall be non-exclusive.\n4. Beneficiary may release, regardless of consideration, any part of the Property without, as to the remainder, in any way impairing, affecting, subordinating or releasing the lien or security interests evidenced by the Loan Documents or affecting the obligations of Grantor or any Obligated Party to pay or perform, as their interests may appear, the Obligations. For payment of the Obligations, Beneficiary may resort to any of the security therefor in such order and manner as Beneficiary may elect. No security heretofore, herewith or subsequently taken by Beneficiary shall in any manner impair or affect the security given by the Loan Documents, and all security shall be taken, considered and held as cumulative.\n5. To the extent permitted by law, Grantor hereby irrevocably and unconditionally waives and releases all benefits that might accrue to Grantor by virtue of any present or future law exempting the Property from attachment, levy or sale on execution or providing for any appraisement, valuation, stay of execution, exemption from civil process, redemption or extension of time for payment, or of Trustee\u2019s exercise of any right, remedy or recourse provided for under this Deed of Trust, and any right to a marshalling of assets or a sale in inverse order of alienation.\n6. In case Beneficiary shall have proceeded to invoke any right, remedy or recourse permitted under the Loan Documents and shall thereafter elect to discontinue or abandon same for any reason, Beneficiary shall have the unqualified right so to do and, in such event, Grantor and Beneficiary shall be restored to their former positions with respect to the Obligations, the Property and otherwise, and the rights, remedies, recourses and powers of Beneficiary shall continue as if same had never been invoked.\n7. Any proceeds of any sale of, and any Rents, except as otherwise provided in Paragraph 2 of Section G, or other amounts generated by the holding, leasing, operation or other use of, the Property shall be applied in the following orders of priority: first, to the payment of all costs and expenses of taking possession of the Property and of holding, leasing, operating, using, repairing, improving and selling the same, including, without limitation, reasonable fees of the Trustee and attorneys retained by Beneficiary or Trustee; fees of any receiver or accountants; recording and filing fees; court costs; costs of advertisement, and the payment of any and all Impositions, liens, security interests or other rights, titles or interests equal or superior to the lien and security interest of this Deed of Trust (except those to which the Property has been sold subject to and without in any way implying Beneficiary\u2019s consent to the creation thereof); second, to the payment of all accrued and unpaid interest due on the US Revolving Notes; third, to the payment of the unpaid principal balance of the US Revolving Notes; fourth, to the payment of all amounts, other than unpaid principal and accrued interest on the US Revolving Notes, which may be due to Beneficiary under the Loan Documents, together with interest thereon as provided therein; fifth, to the payment of the unpaid Obligations; sixth, to Grantor.\n8. In addition to the remedies set forth in this Section D, upon the occurrence of an Event of Default the Beneficiary and Trustee shall, in addition, have available to them the remedies set forth in Sections F and G herein, as well as all other remedies available to them at law or in equity.", "snippet_links": [{"key": "to-the-fullest-extent-permitted", "type": "clause", "offset": [0, 31]}, {"key": "default-shall", "type": "definition", "offset": [96, 109]}, {"key": "the-credit-agreement", "type": "clause", "offset": [262, 282]}, {"key": "unpaid-amounts", "type": "definition", "offset": [296, 310]}, {"key": "us-revolving-notes", "type": "definition", "offset": [321, 339]}, {"key": "unpaid-portion", "type": "clause", "offset": [354, 368]}, {"key": "due-and-payable", "type": "clause", "offset": [400, 415]}, {"key": "exclusive-possession", "type": "definition", "offset": [454, 474]}, {"key": "rights-of", "type": "definition", "offset": [499, 508]}, {"key": "records-and-accounts", "type": "clause", "offset": [539, 559]}, {"key": "legal-remedies", "type": "clause", "offset": [658, 672]}, {"key": "use-of-the-property", "type": "clause", "offset": [883, 902]}, {"key": "other-persons", "type": "clause", "offset": [924, 937]}, {"key": "other-terms", "type": "clause", "offset": [1002, 1013]}, {"key": "additions-and-improvements", "type": "clause", "offset": [1105, 1131]}, {"key": "other-action", "type": "clause", "offset": [1156, 1168]}, {"key": "from-time-to-time", "type": "clause", "offset": [1169, 1186]}, {"key": "in-connection", "type": "definition", "offset": [1268, 1281]}, {"key": "in-accordance-with", "type": "definition", "offset": [1292, 1310]}, {"key": "the-provisions-of", "type": "clause", "offset": [1311, 1328]}, {"key": "paragraph-7", "type": "definition", "offset": [1329, 1340]}, {"key": "section-d", "type": "clause", "offset": [1349, 1358]}, {"key": "offer-for-sale", "type": "definition", "offset": [1372, 1386]}, {"key": "highest-bidder", "type": "definition", "offset": [1528, 1542]}, {"key": "for-cash", "type": "definition", "offset": [1543, 1551]}, {"key": "public-auction", "type": "clause", "offset": [1555, 1569]}, {"key": "the-location", "type": "clause", "offset": [1598, 1610]}, {"key": "the-commissioner", "type": "clause", "offset": [1625, 1641]}, {"key": "the-county", "type": "definition", "offset": [1653, 1663]}, {"key": "the-land", "type": "clause", "offset": [1670, 1678]}, {"key": "pursuant-to", "type": "definition", "offset": [1691, 1702]}, {"key": "code-section", "type": "definition", "offset": [1721, 1733]}, {"key": "designated-location", "type": "clause", "offset": [1938, 1957]}, {"key": "as-designated", "type": "definition", "offset": [2005, 2018]}, {"key": "notices-of-sale", "type": "clause", "offset": [2026, 2041]}, {"key": "after-giving", "type": "clause", "offset": [2130, 2142]}, {"key": "notice-of-the", "type": "clause", "offset": [2158, 2171]}, {"key": "terms-of-sale", "type": "definition", "offset": [2188, 2201]}, {"key": "consecutive-days", "type": "definition", "offset": [2302, 2318]}, {"key": "date-of", "type": "clause", "offset": [2333, 2340]}, {"key": "the-foregoing", "type": "definition", "offset": [2377, 2390]}, {"key": "county-in", "type": "definition", "offset": [2510, 2519]}, {"key": "by-beneficiary", "type": "definition", "offset": [2552, 2566]}, {"key": "written-notice", "type": "definition", "offset": [2575, 2589]}, {"key": "proposed-sale", "type": "definition", "offset": [2598, 2611]}, {"key": "to-pay", "type": "clause", "offset": [2637, 2643]}, {"key": "certified-mail", "type": "definition", "offset": [2726, 2740]}, {"key": "most-recent", "type": "definition", "offset": [2748, 2759]}, {"key": "the-records", "type": "clause", "offset": [2788, 2799]}, {"key": "required-by", "type": "definition", "offset": [2895, 2906]}, {"key": "relating-to", "type": "definition", "offset": [2999, 3010]}, {"key": "sale-of-real-estate", "type": "clause", "offset": [3015, 3034]}, {"key": "chapter-9", "type": "definition", "offset": [3045, 3054]}, {"key": "the-code", "type": "clause", "offset": [3058, 3066]}, {"key": "sale-of-collateral", "type": "clause", "offset": [3083, 3101]}, {"key": "default-by", "type": "clause", "offset": [3108, 3118]}, {"key": "subsequent-laws", "type": "clause", "offset": [3156, 3171]}, {"key": "trustee-shall", "type": "definition", "offset": [3194, 3207]}, {"key": "physically-present", "type": "definition", "offset": [3232, 3250]}, {"key": "constructive-possession", "type": "definition", "offset": [3263, 3286]}, {"key": "agrees-to", "type": "clause", "offset": [3334, 3343]}, {"key": "deliver-to", "type": "definition", "offset": [3344, 3354]}, {"key": "by-trustee", "type": "clause", "offset": [3432, 3442]}, {"key": "upon-demand", "type": "clause", "offset": [3452, 3463]}, {"key": "continuance-of-an-event-of-default", "type": "clause", "offset": [3486, 3520]}, {"key": "title-to", "type": "clause", "offset": [3530, 3538]}, {"key": "right-of-possession", "type": "clause", "offset": [3543, 3562]}, {"key": "the-purchaser", "type": "definition", "offset": [3598, 3611]}, {"key": "to-purchaser", "type": "definition", "offset": [3689, 3701]}, {"key": "instrument-of-conveyance", "type": "definition", "offset": [3726, 3750]}, {"key": "executed-by", "type": "clause", "offset": [3751, 3762]}, {"key": "warranty-of-title", "type": "clause", "offset": [3795, 3812]}, {"key": "binding-upon", "type": "clause", "offset": [3814, 3826]}, {"key": "contained-in", "type": "definition", "offset": [3865, 3877]}, {"key": "accuracy-of-the", "type": "clause", "offset": [3966, 3981]}, {"key": "without-limitation", "type": "clause", "offset": [4018, 4036]}, {"key": "conduct-of", "type": "clause", "offset": [4087, 4097]}, {"key": "by-appointment", "type": "clause", "offset": [4163, 4177]}, {"key": "trustee-hereunder", "type": "clause", "offset": [4195, 4212]}, {"key": "receipt-of", "type": "clause", "offset": [4337, 4347]}, {"key": "other-party", "type": "definition", "offset": [4367, 4378]}, {"key": "purchase-money", "type": "clause", "offset": [4452, 4466]}, {"key": "such-purchaser", "type": "definition", "offset": [4474, 4488]}, {"key": "personal-representatives", "type": "definition", "offset": [4508, 4532]}, {"key": "application-of", "type": "clause", "offset": [4578, 4592]}, {"key": "any-loss", "type": "definition", "offset": [4645, 4653]}, {"key": "to-the-extent-permitted-by-law", "type": "clause", "offset": [4702, 4732]}, {"key": "property-sold", "type": "clause", "offset": [4896, 4909]}, {"key": "at-any-time", "type": "clause", "offset": [5194, 5205]}, {"key": "commencement-of-foreclosure", "type": "definition", "offset": [5213, 5240]}, {"key": "lien-and-security-interest", "type": "clause", "offset": [5248, 5274]}, {"key": "legal-proceedings", "type": "clause", "offset": [5303, 5320]}, {"key": "court-of-competent-jurisdiction", "type": "definition", "offset": [5354, 5385]}, {"key": "notice-to-grantor", "type": "clause", "offset": [5426, 5443]}, {"key": "repayment-of-the-obligations", "type": "clause", "offset": [5494, 5522]}, {"key": "appointment-of-a-receiver", "type": "clause", "offset": [5528, 5553]}, {"key": "consent-to", "type": "clause", "offset": [5606, 5616]}, {"key": "duties-of", "type": "clause", "offset": [5689, 5698]}, {"key": "similar-cases", "type": "definition", "offset": [5712, 5725]}, {"key": "all-other-rights", "type": "clause", "offset": [5748, 5764]}, {"key": "the-loan-documents", "type": "clause", "offset": [5803, 5821]}, {"key": "right-of-sale", "type": "clause", "offset": [6025, 6038]}, {"key": "arising-out-of", "type": "definition", "offset": [6039, 6053]}, {"key": "successive-sales", "type": "clause", "offset": [6143, 6159]}, {"key": "property-has", "type": "definition", "offset": [6189, 6201]}, {"key": "fully-satisfied", "type": "definition", "offset": [6247, 6262]}, {"key": "all-rights", "type": "clause", "offset": [6267, 6277]}, {"key": "available-at", "type": "definition", 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"offset": [8979, 8990]}, {"key": "possession-of-the-property", "type": "definition", "offset": [8998, 9024]}, {"key": "fees-of-the-trustee", "type": "clause", "offset": [9153, 9172]}, {"key": "recording-and-filing-fees", "type": "clause", "offset": [9260, 9285]}, {"key": "court-costs", "type": "definition", "offset": [9287, 9298]}, {"key": "costs-of", "type": "clause", "offset": [9300, 9308]}, {"key": "interest-due", "type": "definition", "offset": [9695, 9707]}, {"key": "balance-of-the", "type": "clause", "offset": [9781, 9795]}, {"key": "interest-on-the", "type": "clause", "offset": [9895, 9910]}, {"key": "to-beneficiary", "type": "definition", "offset": [9948, 9962]}, {"key": "with-interest", "type": "definition", "offset": [9998, 10011]}, {"key": "unpaid-obligations", "type": "clause", "offset": [10070, 10088]}, {"key": "in-addition-to-the", "type": "clause", "offset": [10112, 10130]}, {"key": "upon-the-occurrence-of-an-event-of-default", "type": "clause", "offset": [10169, 10211]}, {"key": "beneficiary-and-trustee", "type": "clause", "offset": [10216, 10239]}, {"key": "available-to", "type": "definition", "offset": [10265, 10277]}, {"key": "f-and-g", "type": "clause", "offset": [10318, 10325]}, {"key": "other-remedies-available", "type": "clause", "offset": [10349, 10373]}], "size": 3, "samples": [{"hash": "eKqG13vohW0", "uri": "/contracts/eKqG13vohW0#default-and-foreclosure", "label": "Credit Agreement (Forum Oilfield Technologies Inc)", "score": 21.0, "published": true}], "hash": "9c6dcd052b3f4124df8307678644ab40", "id": 3}, {"snippet": "If Borrower fails to pay the money Borrower owes to the Lender or to keep any agreements, promises, representations or warranties made by Borrower in the Note or in this Mortgage, then Borrower will be in default and Lender shall be entitled to foreclose this Mortgage. This includes the Lender's right to have the property sold at public sale pursuant to the provisions of Article 13 of the Real Property Actions and Proceedings Law in order to satisfy and pay all amounts owing to the Lender pursuant to the Note and/or Mortgage, as well as any and all other rights the Lender may have pursuant to any other provisions of law. Foreclosure may result in the property being sold to a buyer who will have the right to remove Borrower, its agents, lessees, employees and/or representatives from the property. If an action is commenced to foreclose this Mortgage and there is a sale at foreclosure, Borrower agrees that the property may be sold in one parcel. If an action is commenced to foreclose this Mortgage or to enforce any of the agreements hereunder, Lender shall also be entitled to recover from Borrower all costs, expenses and reasonable attorneys' fees with respect to such action, as well as all reasonable attorneys' fees, costs, allowances, advances, disbursements and other monies which Borrower owes Lender pursuant to any of the terms and conditions of this Mortgage, or the underlying Bond or Note, together with interest at the rate provided in the Note, and which sums due shall be added to and become a part of the lien against the subject property. The proceeds of the sale shall be applied to pay all such costs, expenses, disbursements, reasonable attorneys' fees, allowances and advances, as well as to pay the principal and interest Borrower owes Lender under the Note and Mortgage. If the proceeds from the foreclosure sale are not enough to pay all", "snippet_links": [{"key": "if-borrower", "type": "clause", "offset": [0, 11]}, {"key": "fails-to-pay", "type": "clause", "offset": [12, 24]}, {"key": "the-lender", "type": "clause", "offset": [52, 62]}, {"key": "representations-or-warranties", "type": "clause", "offset": [100, 129]}, {"key": "by-borrower", "type": "clause", "offset": [135, 146]}, {"key": "the-note", "type": "clause", "offset": [150, 158]}, {"key": "in-this-mortgage", "type": "clause", "offset": [162, 178]}, {"key": "will-be-in-default", "type": "clause", "offset": [194, 212]}, {"key": "and-lender", "type": "clause", "offset": [213, 223]}, {"key": "right-to-have", "type": "clause", "offset": [297, 310]}, {"key": "property-sold", "type": "clause", "offset": [315, 328]}, {"key": "public-sale", "type": "clause", "offset": [332, 343]}, {"key": "article-13", "type": "clause", "offset": [374, 384]}, {"key": "the-real-property", "type": "clause", "offset": [388, 405]}, {"key": "actions-and-proceedings", "type": "clause", "offset": [406, 429]}, {"key": "in-order-to", "type": "clause", "offset": [434, 445]}, {"key": "amounts-owing", "type": "clause", "offset": [466, 479]}, {"key": "all-other-rights", "type": "clause", "offset": [551, 567]}, {"key": "lender-may", "type": "definition", "offset": [572, 582]}, {"key": "provisions-of-law", "type": "clause", "offset": [610, 627]}, {"key": "sold-to", "type": "clause", "offset": [674, 681]}, {"key": "right-to-remove", "type": "clause", "offset": [708, 723]}, {"key": "the-agreements", "type": "clause", "offset": [1031, 1045]}, {"key": "from-borrower", "type": "clause", "offset": [1098, 1111]}, {"key": "all-costs", "type": "definition", "offset": [1112, 1121]}, {"key": "expenses-and", "type": "clause", "offset": [1123, 1135]}, {"key": "reasonable-attorneys", "type": "definition", "offset": [1136, 1156]}, {"key": "with-respect-to", "type": "clause", "offset": [1163, 1178]}, {"key": "the-terms-and-conditions-of-this", "type": "clause", "offset": [1341, 1373]}, {"key": "bond-or-note", "type": "definition", "offset": [1402, 1414]}, {"key": "with-interest", "type": "definition", "offset": [1425, 1438]}, {"key": "the-rate", "type": "definition", "offset": [1442, 1450]}, {"key": "sums-due", "type": "clause", "offset": [1483, 1491]}, {"key": "the-lien", "type": "clause", "offset": [1531, 1539]}, {"key": "the-subject-property", "type": "clause", "offset": [1548, 1568]}, {"key": "the-sale", "type": "clause", "offset": [1586, 1594]}, {"key": "principal-and-interest", "type": "definition", "offset": [1735, 1757]}, {"key": "note-and-mortgage", "type": "clause", "offset": [1789, 1806]}, {"key": "foreclosure-sale", "type": "clause", "offset": [1833, 1849]}], "size": 3, "samples": [{"hash": "5iGnSbeGsJh", "uri": "/contracts/5iGnSbeGsJh#default-and-foreclosure", "label": "Commercial Mortgage", "score": 22.6803559206, "published": true}], "hash": "a504e0b99edac0f7b2d043edfc46f0eb", "id": 4}, {"snippet": "Section 4.1 Remedies . Subject to the provisions of the Loan Agreement, upon the occurrence and during the continuance of an Event of Default, including a failure to perform or observe any of the covenants set forth in this Mortgage that is not cured within any applicable cure period, in addition to any rights and remedies provided for in the Loan Agreement or other Loan Document, if and to the extent permitted by applicable law, the following provisions shall apply:", "snippet_links": [{"key": "section-41-remedies", "type": "clause", "offset": [0, 20]}, {"key": "the-loan-agreement", "type": "clause", "offset": [52, 70]}, {"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [72, 102]}, {"key": "continuance-of-an-event-of-default", "type": "clause", "offset": [107, 141]}, {"key": "failure-to-perform", "type": "definition", "offset": [155, 173]}, {"key": "the-covenants", "type": "clause", "offset": [192, 205]}, {"key": "in-this-mortgage", "type": "clause", "offset": [216, 232]}, {"key": "applicable-cure-period", "type": "definition", "offset": [262, 284]}, {"key": "in-addition-to", "type": "clause", "offset": [286, 300]}, {"key": "rights-and-remedies", "type": "clause", "offset": [305, 324]}, {"key": "agreement-or", "type": "definition", "offset": [350, 362]}, {"key": "loan-document", "type": "definition", "offset": [369, 382]}, {"key": "to-the-extent", "type": "clause", "offset": [391, 404]}, {"key": "applicable-law", "type": "clause", "offset": [418, 432]}], "size": 2, "samples": [{"hash": "64RjpcTtPsU", "uri": "/contracts/64RjpcTtPsU#default-and-foreclosure", "label": "First Lien Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing Statement (Green Plains Inc.)", "score": 27.3449691992, "published": true}, {"hash": "1YhRJQud5A7", "uri": "/contracts/1YhRJQud5A7#default-and-foreclosure", "label": "First Lien Mortgage (Green Plains Inc.)", "score": 27.3449691992, "published": true}], "hash": "0b272bc2aea9533a59e7f377af43ae33", "id": 5}, {"snippet": "Upon default by Trustor in payment or performance of any Secured Obligation, subject to any applicable notice and cure period, Beneficiary may declare all sums secured immediately due and payable by delivery to Trustee of a declaration of default and demand for sale and of a notice of default and of a notice of sale, which notice Trustee shall cause to be filed for record. Beneficiary also shall deposit with Trustee this Deed of Trust, said note or notes, and all documents evidencing expenditures secured by this Deed of Trust. Upon default of any obligation secured by this Deed of Trust and acceleration of all sums due, Beneficiary may instruct Trustee to proceed with a sale of the Property under the power of sale granted in this Deed of Trust, noticed and held in accordance with California Civil Code Sections 2924, et seq., as such statutes may be amended from time to time. Trustor waives all rights it may have to require marshaling of assets or to require sales of assets in any particular order, including any rights under California Civil Code Sections 2899 and 3455.", "snippet_links": [{"key": "default-by", "type": "clause", "offset": [5, 15]}, {"key": "payment-or-performance", "type": "clause", "offset": [27, 49]}, {"key": "secured-obligation", "type": "clause", "offset": [57, 75]}, {"key": "subject-to", "type": "definition", "offset": [77, 87]}, {"key": "notice-and-cure-period", "type": "definition", "offset": [103, 125]}, {"key": "sums-secured", "type": "definition", "offset": [155, 167]}, {"key": "due-and-payable", "type": "clause", "offset": [180, 195]}, {"key": "delivery-to-trustee", "type": "clause", "offset": [199, 218]}, {"key": "declaration-of-default", "type": "definition", "offset": [224, 246]}, {"key": "for-sale", "type": "clause", "offset": [258, 266]}, {"key": "notice-of-default", "type": "clause", "offset": [276, 293]}, {"key": "notice-of-sale", "type": "definition", "offset": [303, 317]}, {"key": "trustee-shall", "type": "definition", "offset": [332, 345]}, {"key": "deed-of-trust", "type": "definition", "offset": [425, 438]}, {"key": "note-or-notes", "type": "definition", "offset": [445, 458]}, {"key": "all-documents", "type": "definition", "offset": [464, 477]}, {"key": "obligation-secured", "type": "clause", "offset": [553, 571]}, {"key": "sums-due", "type": "clause", "offset": [618, 626]}, {"key": "sale-of-the-property", "type": "clause", "offset": [679, 699]}, {"key": "power-of-sale", "type": "definition", "offset": [710, 723]}, {"key": "in-this-deed", "type": "clause", "offset": [732, 744]}, {"key": "in-accordance-with", "type": "definition", "offset": [772, 790]}, {"key": "california-civil-code-sections", "type": "clause", "offset": [791, 821]}, {"key": "from-time-to-time", "type": "clause", "offset": [869, 886]}, {"key": "all-rights", "type": "clause", "offset": [903, 913]}, {"key": "marshaling-of-assets", "type": "clause", "offset": [937, 957]}, {"key": "sales-of-assets", "type": "clause", "offset": [972, 987]}], "size": 2, "samples": [{"hash": "1T543YOuYja", "uri": "/contracts/1T543YOuYja#default-and-foreclosure", "label": "Deed of Trust", "score": 32.6864759787, "published": true}], "hash": "8888123ed659bea2b9c5f87b54713e22", "id": 6}, {"snippet": "Section 4.1 Remedies 10 . Subject to the provisions of the ABL Loan Documents and the Term Loan Intercreditor Agreement, upon the occurrence and during the continuance of an Event of Default, including a failure to perform or observe any of the covenants set forth in this Mortgage that is not cured within any applicable cure period, in addition to any rights and remedies provided for in the ABL Loan Documents, if and to the extent permitted by applicable law, the following provisions shall apply:", "snippet_links": [{"key": "section-41-remedies", "type": "clause", "offset": [0, 20]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [37, 58]}, {"key": "abl-loan-documents", "type": "definition", "offset": [59, 77]}, {"key": "term-loan-intercreditor-agreement", "type": "definition", "offset": [86, 119]}, {"key": "upon-the-occurrence-and-during", "type": "clause", "offset": [121, 151]}, {"key": "continuance-of-an-event-of-default", "type": "clause", "offset": [156, 190]}, {"key": "failure-to-perform", "type": "definition", "offset": [204, 222]}, {"key": "the-covenants", "type": "clause", "offset": [241, 254]}, {"key": "in-this-mortgage", "type": "clause", "offset": [265, 281]}, {"key": "applicable-cure-period", "type": "definition", "offset": [311, 333]}, {"key": "in-addition-to", "type": "clause", "offset": [335, 349]}, {"key": "rights-and-remedies", "type": "clause", "offset": [354, 373]}, {"key": "to-the-extent", "type": "clause", "offset": [421, 434]}, {"key": "applicable-law", "type": "clause", "offset": [448, 462]}], "size": 2, "samples": [{"hash": "fuoB7p6YvW7", "uri": "/contracts/fuoB7p6YvW7#default-and-foreclosure", "label": "Second Lien Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing Statement (Green Plains Inc.)", "score": 29.3449691992, "published": true}], "hash": "1882c5a2c735992dbc4b01ec6599d7a5", "id": 7}, {"snippet": "So long as any indebtedness to more than one Lender remains outstanding, each Lender shall provide to all other Lenders written notice of any \"Event of Default\" as defined in the applicable loan documents of such Lender except that no such notice shall be required to be given by the other Lenders to the Sponsor.", "snippet_links": [{"key": "one-lender", "type": "clause", "offset": [41, 51]}, {"key": "each-lender", "type": "clause", "offset": [73, 84]}, {"key": "other-lenders", "type": "definition", "offset": [106, 119]}, {"key": "notice-of-any", "type": "clause", "offset": [128, 141]}, {"key": "event-of-default", "type": "definition", "offset": [143, 159]}, {"key": "documents-of", "type": "clause", "offset": [195, 207]}, {"key": "the-sponsor", "type": "clause", "offset": [301, 312]}], "size": 1, "samples": [{"hash": "gnQJ0j3WGfL", "uri": "/contracts/gnQJ0j3WGfL#default-and-foreclosure", "label": "Master Subordination Agreement", "score": 17.0, "published": true}], "hash": "4f0a1f0a8dd34a2f1efb3ef78fdfc11f", "id": 8}, {"snippet": "Section 4.1 Each of the following shall constitute an Event of Default hereunder and under the other Loan Documents:", "snippet_links": [{"key": "section-41", "type": "clause", "offset": [0, 11]}, {"key": "default-hereunder", "type": "clause", "offset": [63, 80]}, {"key": "other-loan-documents", "type": "definition", "offset": [95, 115]}], "size": 1, "samples": [{"hash": "caaYoDXUbd", "uri": "/contracts/caaYoDXUbd#default-and-foreclosure", "label": "Deed of Trust, Security Agreement and Fixture Filing (360 Global Wine Co)", "score": 21.0, "published": true}], "hash": "8b98514da06d891c44ef6a092be3006b", "id": 9}, {"snippet": "If the TRUSTEE, or any affiliate of the TRUSTEE, or any purchaser at foreclosure of the Existing Loan shall acquire the LESSOR's interest in the Project by virtue of the default by LESSOR under the Existing Loan or the new financial arrangements described herein or otherwise, the Government Lease Documents shall continue in full force and effect so long as the TRUSTEE, its affiliate or the purchaser at foreclosure, as the case may be, is not in material default under the Government Lease Documents. The TRUSTEE, its affiliate or the purchaser at foreclosure, as the case may be, may not appoint an agent or nominee to operate the Project on its behalf without obtaining the prior written approval of the GOVERNMENT's designated representative, such approval not to be unreasonably withheld so long as such proposed agent/nominee has experience/expertise in management and operation of residential housing as determined acceptable by the Government. For the period of time during which the TRUSTEE, its affiliate or the purchaser at foreclosure holds the LESSOR's interest in the Project, the TRUSTEE, its affiliate or the purchaser at foreclosure shall become liable and fully bound by the provisions of the Government Lease Documents. Nothing contained in this Agreement shall (i) relieve LESSOR from any of its obligations as the \"Lessor\" under the Government Lease Documents, or (ii) impose any liability on the TRUST or TRUSTEE to perform any of LESSOR's obligations under the Government Lease Documents, except to the extent the any of them acquires the LESSOR's interest in the Project and succeeds to LESSOR's interest as \"Lessor\" under the Government Lease Documents or such liability or obligations are expressly assumed by any of them in writing.", "snippet_links": [{"key": "the-trustee", "type": "clause", "offset": [3, 14]}, {"key": "affiliate-of", "type": "definition", "offset": [23, 35]}, {"key": "loan-shall", "type": "definition", "offset": [97, 107]}, {"key": "the-lessor", "type": "clause", "offset": [116, 126]}, {"key": "interest-in-the-project", "type": "clause", "offset": [129, 152]}, {"key": "default-by-lessor", "type": "definition", "offset": [170, 187]}, {"key": "financial-arrangements", "type": "clause", "offset": [223, 245]}, {"key": "lease-documents", "type": "definition", "offset": [292, 307]}, {"key": "full-force-and-effect", "type": "definition", "offset": [326, 347]}, {"key": "the-purchaser", "type": "definition", "offset": [389, 402]}, {"key": "the-case", "type": "definition", "offset": [422, 430]}, {"key": "default-under", "type": "clause", "offset": [458, 471]}, {"key": "agent-or-nominee", "type": "clause", "offset": [603, 619]}, {"key": "to-operate", "type": "definition", "offset": [620, 630]}, {"key": "approval-of-the-government", "type": "clause", "offset": [693, 719]}, {"key": "designated-representative", "type": "definition", "offset": [722, 747]}, {"key": "operation-of", "type": "clause", "offset": [877, 889]}, {"key": "residential-housing", "type": "definition", "offset": [890, 909]}, {"key": "by-the-government", "type": "clause", "offset": [935, 952]}, {"key": "period-of-time", "type": "clause", "offset": [962, 976]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [1191, 1212]}, {"key": "nothing-contained-in-this-agreement", "type": "clause", "offset": [1241, 1276]}, {"key": "obligations-under-the", "type": "clause", "offset": [1464, 1485]}, {"key": "except-to-the-extent", "type": "clause", "offset": [1514, 1534]}, {"key": "to-lessor", "type": "definition", "offset": [1610, 1619]}, {"key": "in-writing", "type": "clause", "offset": [1750, 1760]}], "size": 1, "samples": [{"hash": "ieeW85w3aWh", "uri": "/contracts/ieeW85w3aWh#default-and-foreclosure", "label": "Purchase and Sale Agreement (Team Inc)", "score": 18.0, "published": true}], "hash": "e628e1cbb6cb7cc97e252681ed704415", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiBkZWZhdWx0LWFuZC1mb3JlY2xvc3VyZSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["miscellaneous", "Miscellaneous"], ["counterparts", "Counterparts"], ["governing-law", "Governing Law"], ["miscellaneous-provisions", "Miscellaneous Provisions"], ["rules-of-construction", "Rules of Construction"]], "size": 232, "children": [["remedies", "Remedies"], ["discontinuance-of-proceedings", "Discontinuance of Proceedings"], ["release-of-and-resort-to-collateral", "Release of and Resort to Collateral"], ["remedies-cumulative-concurrent-and-nonexclusive", "Remedies Cumulative, Concurrent and Nonexclusive"], ["occupancy-after-foreclosure", "Occupancy After Foreclosure"]], "title": "Default and Foreclosure", "id": "default-and-foreclosure", "related": [["default-and-possession", "DEFAULT AND POSSESSION", "DEFAULT AND POSSESSION"], ["default-and-remedies", "Default and Remedies", "Default and Remedies"], ["default-and-consequences-of-default", "Default and Consequences of Default", "Default and Consequences of Default"], ["events-of-default-and-remedies", "Events of Default and Remedies", "Events of Default and Remedies"], ["consequences-of-events-of-default-and-corrective-action", "Consequences of Events of Default and Corrective Action", "Consequences of Events of Default and Corrective Action"]], "related_snippets": [], "updated": "2025-07-07T16:38:45+00:00", "also_ask": [], "drafting_tip": "", "explanation": "The \"Default and Foreclosure\" clause defines the rights and procedures that apply when a borrower fails to meet their obligations under a loan or mortgage agreement. Typically, this clause outlines what constitutes a default, such as missed payments or breaches of contract terms, and describes the steps the lender may take in response, including initiating foreclosure proceedings to recover the property or outstanding debt. Its core practical function is to protect the lender by providing a clear legal pathway to recover losses if the borrower defaults, thereby allocating risk and ensuring both parties understand the consequences of non-compliance."}, "json": true, "cursor": ""}}