Common use of Other method Clause in Contracts

Other method. Upon sale of the property, any proceeds that remain after the payment of all mortgages, liens, taxes, customary and reasonable closing costs, shall be divided between the parties as follows: Plaintiff % Defendant % Upon the sale of the property, any deficiency, after the payment of all mortgages, liens, taxes, customary and reasonable closing costs, shall be divided between the parties as follows: Plaintiff % Defendant % If the property is foreclosed, the above percentages shall also apply to any net proceeds or deficiency, as applicable. The (Select one) plaintiff defendant shall pay the following expenses of Property #1 pending the sale: Other terms: The court shall retain jurisdiction over the sale of Property #1. Other: Real Estate Property #2 (address): Property held solely in one party's name and to be retained by that party: The (Select one) plaintiff defendant shall retain sole ownership of Property #2 and shall hold harmless and indemnify the other party from all expenses, costs, mortgages, taxes, notes, and liens associated with the property. Plaintiff's name (Last, first, middle initial) Defendant's name (Last, first, middle initial) Docket number