Mortgage Payment Sample Clauses

Mortgage Payment. Contemporaneously herewith, Prospect Medical has paid the sum of One Hundred Sixty Million Four Hundred Four Thousand Two Hundred and No/100 Dollars ($160,404,200.00), which amount is comprised of the sum of (and full satisfaction of) (i) the Tranche I Advance, (ii) the Tranche 2 Advances, and (iii) the Tranche 2 Additional Interest (in each case owed by Alta Newport and Foothill Propco and to the MPT Foothill Lender), by the issuance to MPT ▇▇▇▇▇▇▇ TRS of the PHPH Series A-1 Preferred Units and the Phase I Convertible Note, each as more particularly described in Section 3.2 hereof. Contemporaneously therewith, the MPT Foothill Lender has caused the Foothill Mortgage to be terminated and released in the official records of Orange County, California.

Mortgage Payment. Buyer shall pay the sum of $ per month on or before the eighth (8th) day of the month, unless another payment amount or date is agreed to. This payment includes the Seller’s mortgage payment amount. This is Subject to Buyer procuring a tenant or assignee and payments will commence on It is also hereby agreed that the full amount of the mortgage(s) principle paid down which is approximately $ per month, and increasing monthly, shall be applied toward reducing the purchase price. The Option consideration is $ and shall be credited towards the down payment and reduce the purchase price of the property. Form No. PO09.18 SELLER FURTHER AGREES that Buyer shall be credited with the full amount of principle paid down of the mortgage(s) from each monthly payment of $ . All and any monies paid by Buyer hereunder shall create a security interest against the property under the provisions of the personal property security act. THE PURCHASE PRICE shall be $ minus any payments and principle paydown of the mortgage. When the Option is exercised any designated option payments, regular payments, and any and all monies paid by Buyer will be credited towards and reduce the Purchase Price. SELLER AGREES to leave all fixtures and appliances with the property. BUYER SHALL at his/her expense make all repairs under $ _ per month, not to exceed $ per year. SELLER SHALL PROTECT Buyer’s equitable interest by maintaining or obtaining a Non-Owner Occupied Insurance policy naming the Buyer as additional insured. In the event of destruction to the property in whole or in part Buyer shall have the option to proceed with the closing and accept the insurance proceeds for said damage, or to declare this agreement null and void, releasing both parties from any obligations, except for X the return of monies paid by the Buyer which shall become immediately due and payable from the insurance proceeds. agreement is assigned Buyer shall be released from any further liability hereunder.