Value of Property. At any judicial or other sale of the Property, the ----------------- purchase price paid for the Property by Mortgagee or any other purchaser shall be conclusive evidence of the value of the Property and Mortgagee shall have an absolute right to obtain a deficiency judgment of all amounts due under the Secured Obligations in excess of the amount of such purchase price. Mortgagor waives the right to contest the value of the Property through appraisals or otherwise. ARTICLE 7: MISCELLANEOUS 7.1
Appears in 3 contracts
Sources: Leasehold Mortgage (Emeritus Corp\wa\), Leasehold Mortgage (Emeritus Corp\wa\), Leasehold Mortgage, Security Agreement, Assignment of Leases and Rents, Financing Statement and Fixture Filing (Emeritus Corp\wa\)