Payment of Property Charges. 2.10.1 Borrower has elected to require Lender to use Loan Advances to pay property charges consisting of taxes, hazard insurance premiums, ground rents and special assessments if indicated on the attached payment plan (Exhibit 1). Borrower may change this election by notifying Xxxxxx and at that time Xxxxxx shall pay to Borrower any amounts withheld from the Loan Advances to pay property charges.
Appears in 3 contracts
Samples: Equity Conversion Loan Agreement, Loan Agreement, Loan Agreement
Payment of Property Charges. 2.10.1 Borrower has elected to require Lender to use Loan Advances to pay property charges consisting of taxes, hazard insurance premiums, ground rents and special assessments if indicated on the attached payment plan (Exhibit 1). Borrower may change this election by notifying Xxxxxx Lender and at that time Xxxxxx Lender shall pay to Borrower any amounts withheld from the Loan Advances to pay property charges.
Appears in 3 contracts
Samples: Equity Conversion Mortgage Loan Agreement, Loan Agreement, Loan Agreement
Payment of Property Charges. 2.10.1 Borrower 2.10.1.Xxxxxxxx has elected to require Lender to use Loan Advances to pay property charges consisting of taxes, hazard insurance premiums, ground rents and special assessments if indicated on the attached payment plan (Exhibit 1)plan. Borrower may change this election by notifying Xxxxxx and at that time Xxxxxx shall pay to Borrower any amounts withheld from the Loan Advances to pay property charges.
Appears in 1 contract
Samples: Conversion Loan Agreement
Payment of Property Charges. 2.10.1 2.10.1. Borrower has elected to require Lender to use Loan Advances to pay property charges consisting of taxes, hazard insurance premiums, ground rents and special assessments if indicated on the attached payment plan (Exhibit 1). Borrower may change this election by notifying Xxxxxx Lender and at that time Xxxxxx Lender shall pay to Borrower any amounts withheld from the Loan Advances to pay property charges.
Appears in 1 contract
Samples: Conversion Loan Agreement
Payment of Property Charges. 2.10.1 Borrower 2.10.1.Borrower has elected to require Lender to use Loan Advances to pay property charges consisting of taxes, hazard insurance premiums, ground rents and special assessments if indicated on the attached payment plan (Exhibit 1)plan. Borrower may change this election by notifying Xxxxxx Lender and at that time Xxxxxx Lender shall pay to Borrower any amounts withheld from the Loan Advances to pay property charges.
Appears in 1 contract
