Common use of Multiple Sales Clause in Contracts

Multiple Sales. Upon the occurrence of an Event of Default or at any time thereafter, the Beneficiary shall have the option to proceed with foreclosure, either through the courts or by proceeding with foreclosure as provided for in this deed of trust, but without declaring the whole Debt due. Any such sale may be made subject to the unmatured part of the Debt secured by this deed of trust, and such sale, if so made, shall not in any manner affect the unmatured part of the Debt secured by this deed of trust, but as to such unmatured part of the Debt this deed of trust shall remain in full force and effect as though no sale had been made under the provisions of this paragraph. Several sales may be made under the provisions of this paragraph without exhausting the right of sale for any remaining part of the Debt whether then matured or unmatured, the purpose hereof being to provide for a foreclosure and sale of the Property for any matured part of the Debt without exhausting any power of foreclosure and the power to sell the Property for any other part of the Debt, whether matured at the time or subsequently maturing.

Multiple Sales. Upon the occurrence of an Event of Default or at any time thereafter, the Beneficiary Bank shall have the option to proceed with foreclosure, either through the courts or by proceeding with foreclosure as provided for in this deed of trustsecurity deed, but without declaring the whole Debt due. Any such sale may be made subject to the unmatured part of the Debt secured by this deed of trustsecurity deed, and such sale, if so made, shall not in any manner affect the unmatured part of the Debt secured by this deed of trustsecurity deed, but as to such unmatured part of the Debt this security deed of trust shall remain in full force and effect as though no sale had been made under the provisions of this paragraph. Several sales may be made under the provisions of this paragraph without exhausting the right of sale for any remaining part of the Debt whether then matured or unmatured, the purpose hereof being to provide for a foreclosure and sale of the Property for any matured part of the Debt without exhausting any power of foreclosure and the power to sell the Property for any other part of the Debt, whether matured at the time or subsequently maturing.