Common use of Certain Advances Clause in Contracts

Certain Advances. As contemplated by 42 Pa. C.S.A. ss.8 144, this Mortgage secures, and the Obligations Secured include, the unpaid balances of any advances made with respect to the Mortgaged Property for the payment of taxes, assessments, maintenance charges, insurance premiums or costs incurred for the protection of the Mortgaged Property or the lien of this Mortgage and expenses incurred by Mortgagee by reason of default by Mortgagor under this Mortgage.

Appears in 2 contracts

Sources: Open End Mortgage and Security Agreement (Cedar Income Fund LTD /Md/), Open End Mortgage and Security Agreement (Cedar Income Fund LTD /Md/)

Certain Advances. As contemplated by 42 Pa. C.S.A. ss.8 ss. 8 144, this Mortgage secures, and the Obligations Secured include, the unpaid balances of any advances made with respect to the Mortgaged Property for the payment of taxes, assessments, maintenance charges, insurance premiums or costs incurred for the protection of the Mortgaged Property or the lien of this Mortgage and expenses incurred by Mortgagee by reason of default by Mortgagor under this Mortgage.

Appears in 1 contract

Sources: Open End Mortgage and Security Agreement (Cedar Income Fund LTD /Md/)