Proceeds Disbursed Clause Samples
Proceeds Disbursed. The proceeds of the Mortgage Loan have been fully disbursed, and pursuant to the terms and conditions thereof as of the Claim Date there is no obligation on the part of HUD, nor will there be any obligation on the part of the Purchaser (or any other mortgagee), to make future advances thereunder, at the option of the Borrower or otherwise. Any and all requirements as to completion of any on- site or off-site improvements and as to disbursements of any escrow funds therefore have been complied with. All costs, fees and expenses incurred in making or closing or recording the Mortgage Loans were paid.
Proceeds Disbursed. Excepting any open-ended credit Loans as set forth on the Loan Purchase Schedule, the proceeds of the Loan have been fully disbursed, there is no obligation on the part of the holder of the Note to make future advances thereunder, any and all requirements as to completion of any on-site or off-site improvements have been complied with, and any disbursement of any escrow funds has been made. All costs, fees and expenses incurred in making, closing or recording the Loan have been paid. The Obligor is not entitled to any refund of any amounts paid or due under the Note or the Mortgage or Security Agreement.
Proceeds Disbursed. The proceeds of the Mortgage Loan, including any escrows of such proceeds, have been fully disbursed, and any and all requirements as to completion of on-site and off-site improvements and disbursements of any escrow funds therefor have been complied with.
Proceeds Disbursed. The proceeds of the Mortgage Loan has been fully disbursed and there is no requirement for future advances thereunder. All on-site improvements are completed and related escrow funds disbursed; provided, however, that the applicable escrow account shall have been established and maintained in accordance with applicable law and regulations and shall have been appropriately funded. The unpaid principal balance of the Mortgage Loan is as stated, and all costs, fees and expenses incurred in originating, closing and transferring the Mortgage Loan, including assignment and recordation costs, have been paid.
Proceeds Disbursed. The proceeds of the Loan have been fully disbursed, and pursuant to the terms and conditions thereof as of the Purchase Date there is no obligation on the part of Seller, REO Entity or the related Servicer, nor will there be any obligation on the part of the Buyer (or any other mortgagee), to make future advances thereunder, at the option of the Mortgagor or otherwise. Any and all requirements as to completion of any on-site or off-site improvements and as to disbursements of any escrow funds therefore have been complied with. All costs, fees and expenses incurred in making or closing or recording the Loans were paid.