Common use of Installments for Insurance, Taxes and Other Charges Clause in Contracts

Installments for Insurance, Taxes and Other Charges. Without limiting the effect of any other provision of this Mortgage, upon the occurrence and existence of an Event of Default, Mortgagor shall pay to Mortgagee monthly with its payment on the Note, an amount equal to one-twelfth (1/12) of the annual premiums for the insurance policies referred to hereinabove and the annual Impositions and any other item which at any time may be or become a lien upon the Mortgaged Property (the "Escrow Charges"); and on demand, from time to time, Mortgagor shall pay to Mortgagee any additional sums necessary to pay when due all Escrow Charges. Upon the cure of any such Event of Default, the funds held in escrow shall be returned to Mortgagor. No amount so paid to Mortgagee shall be deemed to be trust funds but may be commingled with general funds of Mortgagee, nor shall any sums paid bear interest. Mortgagee shall have the right, upon any exercise of remedies following an Event of Default, at its election, to apply any amount so held against the Secured Obligations due and payable in such order as Mortgagee may deem fit, and Mortgagor hereby grants to Mortgagee a lien upon and security interest in such amounts for such purpose.

Installments for Insurance, Taxes and Other Charges. Without limiting the effect of any other provision of this Mortgage, upon the occurrence and existence of an Event of Default, Mortgagor shall pay to Mortgagee monthly with its payment on the Note, an amount equal to one-twelfth (1/12) of the annual premiums for the insurance policies referred to hereinabove and the annual Impositions and any other item which at any time may be or become a lien upon the Mortgaged Property (the "Escrow Charges"); and on demand, from time to time, Mortgagor shall pay to Mortgagee any additional sums necessary to pay when due all Escrow Charges. Upon the cure of any such Event of Default, the funds held in escrow shall be returned to Mortgagor. No amount so paid to Mortgagee shall be deemed to be trust funds but may be commingled with general funds of Mortgagee, nor shall any sums paid bear interest. Mortgagee shall have the right, upon any exercise of remedies following an Event of Default, at its election, to apply any amount so held against the Secured Obligations due and payable in such order as Mortgagee may deem fit, and Mortgagor hereby grants to Mortgagee a lien upon and security interest in such amounts for such purpose.

Installments for Insurance, Taxes and Other Charges. Without limiting Upon the effect of any other provision of this MortgageMortgagee’s request, upon the occurrence and existence of an Event of Default, Mortgagor shall pay to the Mortgagee monthly with its payment on the Notemonthly, an amount equal to one-twelfth (1/12) of the annual premiums for the insurance policies referred to hereinabove and the annual Impositions and any other item which at any time may be or become a lien upon the Mortgaged Property (the "“Escrow Charges"”); and on demand, from time to time, Mortgagor . The amounts so paid shall pay to Mortgagee any additional sums necessary to pay when due all be used in payment of the Escrow Charges. Upon the cure of any such Charges so long as no Event of Default, the funds held in escrow Default shall be returned to Mortgagorhave occurred. No amount so paid to the Mortgagee shall be deemed to be trust funds but may be commingled with general funds of Mortgageefunds, nor shall any sums paid bear interest. The Mortgagee shall have no obligation to pay any insurance premium or Imposition if at any time the funds being held by the Mortgagee for such premium or Imposition are insufficient to make such payments. If, at any time, the funds being held by the Mortgagee for any insurance premium or Imposition are exhausted, or if the Mortgagee determines, in its sole discretion, that such funds will be insufficient to pay in full any insurance premium or Imposition when due, the Mortgagor shall promptly pay to the Mortgagee, upon demand, an amount which the Mortgagee shall estimate as sufficient to make up the deficiency. Upon the occurrence of an Event of Default, the Mortgagee shall have the right, upon any exercise of remedies following an Event of Default, at its election, to apply any amount so held against the Secured Obligations due and payable in such order as the Mortgagee may deem fit, and the Mortgagor hereby grants to the Mortgagee a lien upon and security interest in such amounts for such purpose.

Installments for Insurance, Taxes and Other Charges. Without limiting the effect of Upon Mortgagee’s request at any other provision of this Mortgage, upon time following the occurrence and existence during the continuance of an Event of Default, Mortgagor shall pay to Mortgagee monthly with its payment on the Notemonthly, an amount equal to one-twelfth (1/12) of the annual premiums for the insurance policies referred to hereinabove and the annual Impositions and any other item which at any time may be or become a lien upon the Mortgaged Property (the "“Escrow Charges"”); and on demand, from time to time, Mortgagor . The amounts so paid shall pay to Mortgagee any additional sums necessary to pay when due all be used in payment of the Escrow Charges. Upon the cure of any such Charges so long as no Event of Default, the funds held in escrow Default shall be returned to Mortgagorhave occurred and is continuing. No amount so paid to Mortgagee shall be deemed to be trust funds but may be commingled with general funds of Mortgageefunds, nor shall any sums paid bear interest. Mortgagee shall have no obligation to pay any insurance premium or Imposition if at any time the rightfunds being held by Mortgagee for such premium or Imposition are insufficient to make such payments. If, at any time, the funds being held by Mortgagee for any insurance premium or Imposition are exhausted, or if Mortgagee determines, in its reasonable discretion, that such funds will be insufficient to pay in full any insurance premium or Imposition when due, Mortgagor shall promptly pay to Mortgagee, upon any exercise demand, an amount which Mortgagee shall estimate as sufficient to make up the deficiency. Upon the occurrence and during the continuance of remedies following an Event of Default, Mortgagee shall have the right, at its election, to apply any amount so held against the Secured Obligations due and payable in such order as Mortgagee may deem fit, and Mortgagor hereby grants to Mortgagee a lien upon and security interest in such amounts for such purpose.

Installments for Insurance, Taxes and Other Charges. Without limiting the effect of any other provision of this Mortgage, upon the occurrence and existence of After an Event of Default, the Mortgagor shall shall, if requested by the Mortgagee, pay to the Mortgagee monthly with its payment on the Notemonthly, an amount equal to one-twelfth (1/12) of the annual premiums for the insurance policies referred to hereinabove and the annual Impositions and any other item which at any time may be or become a lien upon the Mortgaged Property (the "Escrow Charges"); and on demand, from time to time, Mortgagor . The amounts so paid shall pay to Mortgagee any additional sums necessary to pay when due all be used in payment of the Escrow Charges. Upon the cure of any such Charges so long as no Event of Default, the funds held in escrow Default shall be returned to Mortgagorhave occurred. No amount so paid to the Mortgagee shall be deemed to be trust funds but may be commingled with general funds of Mortgageefunds, nor shall any sums paid bear interest. The Mortgagee shall have no obligation to pay any insurance premium or Imposition if at any time the funds being held by the Mortgagee for such premium or Imposition are insufficient to make such payments. Upon the occurrence of an Event of Default, the Mortgagee shall have the right, upon any exercise of remedies following an Event of Default, at its election, to apply any amount so held against the Secured Obligations due and payable in such order as the Mortgagee may deem fit, and the Mortgagor hereby grants to the Mortgagee a lien upon and security interest in such amounts for such purpose.

Installments for Insurance, Taxes and Other Charges. Without limiting The Mortgagor shall, if requested by the effect of any other provision of this MortgageMortgagee, upon the occurrence and existence of an Event of Default, Mortgagor shall pay to the Mortgagee monthly with its payment on the Notemonthly, an amount equal to one-twelfth (1/12) of the annual premiums for the insurance policies referred to hereinabove and the annual Impositions and any other item which at any time may be or become a lien upon the Mortgaged Property (the "Escrow Charges"); and on demand, from time to time, Mortgagor . The amounts so paid shall pay to Mortgagee any additional sums necessary to pay when due all be used in payment of the Escrow Charges. Upon the cure of any such Charges so long as no Event of Default, the funds held in escrow Default shall be returned to Mortgagorhave occurred. No amount so paid to the Mortgagee shall be deemed to be trust funds but may be commingled with general funds of Mortgageefunds, nor shall any sums paid bear interest. The Mortgagee shall have no obligation to pay any insurance premium or Imposition if at any time the funds being held by the Mortgagee for such premium or Imposition are insufficient to make such payments. Upon the occurrence of an Event of Default, the Mortgagee shall have the right, upon any exercise of remedies following an Event of Default, at its election, to apply any amount so held against the Secured Obligations due and payable in such order as the Mortgagee may deem fit, and the Mortgagor hereby grants to the Mortgagee a lien upon and security interest in such amounts for such purpose.

Installments for Insurance, Taxes and Other Charges. Without limiting the effect of any the other provision provisions of this MortgageArticle, upon the occurrence and existence of an Event of Default, Mortgagee reserves the right to require the Mortgagor shall to pay to Mortgagee monthly with its payment on the NoteMortgagee, monthly, an amount equal to one-twelfth (1/12) of the annual amount of all Impositions and premiums for the insurance policies referred to hereinabove and the annual Impositions and any other item which at any time may be or become a lien upon the Mortgaged Property (the "Escrow Charges"); and on demand, from time to time, Mortgagor shall pay to Mortgagee required under this Article plus any additional sums necessary to pay pay, or establish adequate reserves for the payment of, such premiums and Impositions as and when due all Escrow Chargesdue. Upon the cure of any such Event of Default, the funds held in escrow The amounts so paid shall be returned to Mortgagorsecurity for the premiums and Impositions and shall be used in payment thereof if the Mortgagor is not otherwise in default under this or any other Loan Document. No amount so paid to Mortgagee shall be deemed to be trust funds but may be commingled with general funds of Mortgageethe Mortgagee and no interest shall be payable thereon. Upon the occurrence of an Event of Default under this Mortgage or any Loan Document, nor shall any sums paid bear interest. the Mortgagee shall have the right, upon any exercise of remedies following an Event of Default, at its election, to apply any amount so held against the Secured Obligations due and payable in such order as Obligations. At the Mortgagee's option, the Mortgagee from time to time may deem fitwaive, and after any such waiver may reinstate, the provisions of this section requiring installment payments. During the time periods when the Mortgagee has not required the Mortgagor hereby grants to make such payments, the Mortgagor shall annually furnish evidence to the Mortgagee a lien upon and security interest in that all such amounts for such purposeannual Impositions have been paid by the Mortgagor.

Installments for Insurance, Taxes and Other Charges. Without limiting The Mortgagor shall, if requested by the effect of any other provision of this MortgageMortgagee, upon pay or cause to be paid to the occurrence and existence of an Event of Default, Mortgagor shall pay to Mortgagee monthly with its payment on the Notemonthly, an amount equal to one-twelfth (1/12) of the annual premiums for the insurance policies referred to hereinabove and the annual Impositions and any other item which at any time may be or become a lien upon the Mortgaged Property (the "Escrow Charges"); and on demand, from time to time, Mortgagor . The amounts so paid shall pay to Mortgagee any additional sums necessary to pay when due all be used in payment of the Escrow Charges. Upon the cure of any such Charges so long as no Event of Default, the funds held in escrow Default shall be returned to Mortgagorhave occurred. No amount so paid to the Mortgagee shall be deemed to be trust funds but may be commingled with general funds of Mortgageefunds, nor shall any sums paid bear interest. The Mortgagee shall have no obligation to pay any insurance premium or Imposition if at any time the funds being held by the Mortgagee for such premium or Imposition are insufficient to make such payments. Upon the occurrence of an Event of Default, the Mortgagee shall have the right, upon any exercise of remedies following an Event of Default, at its election, to apply any amount so held against the Secured Obligations due and payable in such order as the Mortgagee may deem fit, and the Mortgagor hereby grants to the Mortgagee a lien upon and security interest in such amounts for such purpose.