Certain Advances. Borrower and Lender confirm that all amounts disbursed by Lender under Section 7, or elsewhere under the Loan Documents, for payment of Taxes, insurance premiums and other costs and expenses in connection with the operation, protection or preservation of the Mortgaged Property, are intended to comply with §5301.233 of the Revised Code of Ohio. In addition to any other debt or obligation, this Instrument will secure unpaid balances of advances made with respect to the Mortgaged Property for the payment of Taxes, assessments, insurance premiums or costs incurred for the protection of the Mortgaged Property.
Appears in 2 contracts
Sources: Multifamily Mortgage, Assignment of Rents and Security Agreement (Steadfast Income REIT, Inc.), Multifamily Mortgage, Assignment of Rents and Security Agreement (Steadfast Income REIT, Inc.)
Certain Advances. Borrower and Lender ▇▇▇▇▇▇ confirm that all amounts disbursed by Lender under Section 7, or elsewhere under the Loan Documents, 12 for payment of Taxes, insurance premiums and other costs and expenses in connection with the operation, protection or preservation of the Mortgaged Property, Property or in this Instrument are intended to comply with §5301.233 of the Revised Code of Ohio. In addition to any other debt or obligation, this Instrument will shall secure unpaid balances of advances made with respect to the Mortgaged Property for the payment of Taxes, assessments, insurance premiums or costs incurred for the protection of the Mortgaged Property.
Appears in 1 contract
Sources: Multifamily Mortgage, Assignment of Rents and Security Agreement
Certain Advances. Borrower and Lender confirm that all amounts disbursed by Lender under Section 7, or elsewhere under the Loan Documents, 12 for payment of Taxes, insurance premiums and other costs and expenses in connection with the operation, protection or preservation of the Mortgaged Property, Property or in this Instrument are intended to comply with §5301.233 of the Revised Code of Ohio. In addition to any other debt or obligation, this Instrument will shall secure unpaid balances of advances made with respect to the Mortgaged Property for the payment of Taxes, assessments, insurance premiums or costs incurred for the protection of the Mortgaged Property.
Appears in 1 contract
Sources: Multifamily Mortgage, Assignment of Rents and Security Agreement (Emeritus Corp\wa\)