Common use of XXXXXXXX’S PROMISE TO PAY Clause in Contracts

XXXXXXXX’S PROMISE TO PAY. I will pay to Lender on time principal and interest due under the Note and any prepayment, late charges and other amounts due under the Note. I will also pay all amounts for Escrow Items under Section 3 of this Security Instrument. Payments due under the Note and this Security Instrument shall be made in U.S. currency. If any of my payments by check or other payment instrument is returned to Lender unpaid, Lender may require my payment be made by: (a) cash; (b) money order; (c) certified check, bank check, treasurer’s check or cashier’s check, drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transfer. Payments are deemed received by Lender when received at the location required in the Note, or at another location designated by Lender under Section 15 of this Security Instrument. Lender may return or accept any payment or partial payment if it is for an amount that is less than the amount that is then due. If Xxxxxx accepts a lesser payment, Xxxxxx may refuse to accept a lesser payment that I may make in the future and does not waive any of its rights. Lender is not obligated to apply such lesser payments when it accepts such payments. If interest on principal accrues as if all Periodic Payments had been paid when due, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until I make payments to bring the Loan current. If I do not do so within a reasonable period of time, Lender will either apply such funds or return them to me. In the event of foreclosure, any unapplied funds will be applied to the outstanding principal balance immediately prior to foreclosure. No offset or claim which I might have now or in the future against Lender will relieve me from making payments due under the Note and this Security Instrument or keeping all of my other promises and agreements secured by this Security Instrument.

XXXXXXXX’S PROMISE TO PAY. I will pay to Lender on time principal and interest due under the Note Loan Agreement and any prepayment, late charges and other amounts due under the Note. I will also pay all amounts for Escrow Items under Section 3 of this Security InstrumentLoan Agreement. Payments due under the Note Loan Agreement and this Security Instrument shall be made in U.S. currency. If any of my payments by check currency or such other payment instrument is returned to Lender unpaidcurrency as may be required under the Loan Agreement, Lender may require my payment be made by: (a) cash; (b) money order; (c) certified check, bank check, treasurer’s check or cashier’s check, drawn upon an institution whose deposits are insured by a federal agency, instrumentality, or entity; or (d) Electronic Funds Transferin the manner more fully set forth in the Loan Agreement. Payments are deemed received by Lender when received at the location required in the NoteLoan Agreement, or at another location designated by Lender under Section 15 12 of this Security Instrument. Lender may return or accept any payment or partial payment if it is for an amount that is less than the amount that is then due. If Xxxxxx accepts a lesser payment, Xxxxxx may refuse to accept a lesser payment that I may make in the future and does not waive any of its rights. Lender is not obligated to apply such lesser payments when it accepts such payments. If interest on principal accrues as if all Periodic Payments had been paid when due, then Lender need not pay interest on unapplied funds. Lender may hold such unapplied funds until I make payments to bring the Loan current. If I do not do so within a reasonable period of time, Lender will either apply such funds or return them to me. In the event of foreclosure, any unapplied funds will be applied to the outstanding principal balance immediately prior to foreclosure. No offset or claim which I might have now or in the future against Lender Xxxxxx will relieve me from making payments due under the Note Loan Agreement and this Security Instrument or keeping all of my other promises and agreements secured by this Security Instrument.