Common use of Receipt a Sufficient Discharge to Purchaser Clause in Contracts

Receipt a Sufficient Discharge to Purchaser. Upon any sale of the Collateral or any part thereof or any interest therein, whether pursuant to power of sale, foreclosure or otherwise, the receipt of the Mortgagee or the officer making the sale under judicial proceedings shall be a sufficient discharge to the purchaser for the purchase money, and such purchaser shall not be obliged to see to the application thereof.

Receipt a Sufficient Discharge to Purchaser. Upon any sale of the Collateral Mortgaged Property or any part thereof or any interest therein, whether pursuant to power of sale, foreclosure by advertisement, judicial foreclosure or otherwise, the receipt of the purchase money by Mortgagee or the officer making the sale under judicial proceedings shall be a sufficient discharge to the purchaser for the purchase money, and such purchaser shall not be obliged to see to the application thereof.

Receipt a Sufficient Discharge to Purchaser. Upon any sale of the Collateral Mortgaged Property or any part thereof or any interest therein, whether pursuant to power of sale, foreclosure or otherwise, the receipt of the by Mortgagee or the officer making the sale under judicial proceedings of the purchase money therefor shall be a sufficient discharge to the purchaser for the such purchase money, and such purchaser shall not be obliged obligated to see to the application thereof.

Receipt a Sufficient Discharge to Purchaser. Upon any sale of the Collateral Property or any part thereof or any interest therein, whether pursuant to foreclosure or power of sale, foreclosure sale or otherwiseotherwise hereunder, the receipt of the Mortgagee or the officer making the sale under judicial proceedings or auctioneer in the event of a private sale shall be a sufficient discharge to the purchaser for the purchase money, and such purchaser shall not be obliged obligated to see to the application thereof.