Foreclosure Purchase. Upon any sale of the Mortgaged Property, if the holder of the Note is a purchaser at such sale, it shall be entitled to use and apply all or any portion of the indebtedness then secured by this Mortgage for or in settlement or payment of all or any portion of the purchase price of the Mortgaged Property purchased.
Appears in 7 contracts
Samples: Mortgage and Security Agreement (Adcare Health Systems Inc), Mortgage and Security Agreement (Adcare Health Systems Inc), Mortgage and Security Agreement (Adcare Health Systems Inc)
