Common use of RPAPL Clause in Contracts

RPAPL. If an Event of Default shall occur and be continuing, Xxxxxxxxx expressly acknowledges and agrees that Mortgagee shall have the right to elect to sell (and, in the case of any default of purchaser, resell) the Mortgaged Property or any part thereof by exercise of the power of foreclosure or of sale granted to Mortgagee by Articles 13 of the New York Real Property Actions and Proceedings Law (the “RPAPL”), as amended from time to time or any successor law thereto. In such case, Mortgagee may commence a civil action to foreclose this 18 Mortgage pursuant to Article 13 of the RPAPL, or it may proceed and sell the Mortgaged Property pursuant to the RPAPL to satisfy all amounts secured hereby.

RPAPL. If an Event of Default shall occur and be continuing, Xxxxxxxxx expressly acknowledges and agrees that Mortgagee shall have the right to may elect to sell (and, in the case of any default of any purchaser, resell) the Mortgaged Property or any part thereof by exercise of the power of foreclosure or of sale granted to Mortgagee by Articles 13 or 14 (if the same shall be reinstated or a statute of similar impact shall be implemented) of the New York Real Property Actions and Proceedings Law (the “RPAPL”), as amended from time to time or any successor law thereto. In such case, Mortgagee may commence a civil action to foreclose this 18 Mortgage pursuant to Article 13 of the RPAPL, or it may proceed and sell the Mortgaged Property pursuant to Article 14 (if the same shall be reinstated or a statute of similar impact shall be implemented) of the RPAPL to satisfy the Note and all other amounts secured hereby.

RPAPL. If an Event of Default shall occur and be continuing, Xxxxxxxxx expressly acknowledges and agrees that Mortgagee shall have the right to elect to sell (and, in the case of any default of purchaser, resell) the Mortgaged Property or any part thereof by exercise of the power of foreclosure or of sale granted to Mortgagee by Articles 13 of the New York Real Property Actions and Proceedings Law (the “RPAPL”), as amended from time to time or any successor law thereto. In such case, Mortgagee may commence a civil action to foreclose this 18 Mortgage pursuant to Article 13 of the RPAPL, or it may proceed and sell the Mortgaged Property pursuant to the RPAPL to satisfy all amounts secured hereby.

RPAPL. If an Event of Default shall occur and be continuing, Xxxxxxxxx Mortgagor expressly acknowledges and agrees that Mortgagee shall have the right to elect to sell (and, in the case of any default of purchaser, resell) the Mortgaged Property or any part thereof by exercise of the power of foreclosure or of sale granted to Mortgagee by Articles 13 of the New York Real Property Actions and Proceedings Law (the “RPAPL”), as amended from time to time or any successor law thereto. In such case, Mortgagee may commence a civil action to foreclose this 18 Mortgage pursuant to Article 13 of the RPAPL, or it may proceed and sell the Mortgaged Property pursuant to the RPAPL to satisfy all amounts secured hereby.