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Common use of Foreclosures Clause in Contracts

Foreclosures. Except in the ordinary course of business in connection with any foreclosure of a mortgage or deed of trust securing a loan, bid for or purchase any real property which is covered by that mortgage or deed of trust or which is the subject of that foreclosure.

Appears in 5 contracts

Sources: Merger Agreement (FNB Bancshares Inc /Sc/), Merger Agreement (1st Financial Services CORP), Merger Agreement (AB&T Financial CORP)

Related Clauses

  • Foreclosure
  • Collection; Foreclosure
  • Photograph of the Mortgaged Property
  • Mortgaged Property
  • Reports of Foreclosures and Abandonments of Mortgaged Property

Parent Clauses

  • Additional Information
  • Actions Pending Consummation of Merger
  • Notices of Right to Cancel
  • Reproduction of Documents
  • Sale of Home Assignment and Foreclosure

Sub-Clauses

  • Listing of pending relief of stays
  • MANNER OF CONDUCTING FORECLOSURES
  • MORTGAGEE WILL REIMBURSE SERVICER FOR COSTS
  • MANAGING AND PROTECTING THE MORTGAGED PROPERTY
  • COMPLIANCE WITH APPLICABLE RULES
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