HUD Obligation. If the Lender has no further obligation to make payments to Borrower because of Section 3.2., the Secretary shall assume the rights and obligations of Lender under this Loan Agreement, except the Secretary shall not assume any obligation of paying flood, fire and other hazard insurance from Loan Advances.
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HUD Obligation. If the Lender has no further obligation to make payments to Borrower because of Section 3.24.2., the Secretary shall assume the rights and obligations of Lender under this Loan Agreement, except the Secretary shall not assume any obligation of paying flood, fire and other hazard insurance from Loan Advances.. If the Secretary makes Loan Advances to Borrower under the Second Security Instrument, the
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Samples: Loan Agreement, Loan Agreement
HUD Obligation. If the Lender has no further obligation to make payments to Borrower because of Section 3.2.3.3, the Secretary shall assume the rights and obligations of Lender under this Loan Agreement, except the Secretary shall not assume any obligation of paying flood, fire and other hazard insurance from Loan Advances.
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