Effect on the Obligations. Notwithstanding any Taking, Borrower shall continue to pay and perform the Obligations as provided in the Documents. Any reduction in the Obligations due to application of the Award shall take effect only upon Lender’s actual receipt and application of the Award to the Obligations. If the Property shall have been foreclosed, sold pursuant to any power of sale granted hereunder, or transferred by deed-in-lieu of foreclosure prior to Lender’s actual receipt of the Award, Lender may apply the Award received to the extent of any deficiency upon such sale and Costs incurred by Lender in connection with such sale.
Effect on the Obligations. Notwithstanding any Taking, Borrower shall continue to pay and perform the Obligations as provided in the Documents. Any reduction in the Obligations due to application of the Award shall take effect only upon Lender’s actual receipt and application of the Award to the Obligations. If Borrower’s Individual Property shall have been foreclosed, sold pursuant to any power of sale granted pursuant to the Documents, or transferred by deed-in-lieu of foreclosure prior to Lender’s actual receipt of the Award, then Lender may apply the Award received to the extent of any deficiency upon such sale and Costs incurred by Lender in connection with such sale, and the balance thereof, if any, shall be paid to any person lawfully entitled to receive it.
Effect on the Obligations. Notwithstanding any loss, damage or destruction referred to in this Section, Grantor shall continue to pay and perform the Obligations as provided herein. Any reduction in the Obligations resulting from such application shall be deemed to take effect only on the date of receipt by Beneficiary or Trustee of such insurance proceeds and application against the Obligations, provided that if prior to the receipt by Trustee or Beneficiary of such insurance proceeds the Mortgaged Property shall have been sold on foreclosure of this Deed of Trust, or shall have been transferred by deed in lieu of foreclosure of this Deed of Trust, Beneficiary shall have the right to receive the same to the extent of any deficiency found to be due upon such sale, with legal interest thereon together with attorneys' fees and disbursements incurred by Trustee or Beneficiary in connection with the collection thereof. SECTION 1.10.
Effect on the Obligations. Notwithstanding any condemnation, taking or other proceeding referred to in this Section 1.10, Grantor shall continue to pay and perform the Obligations as provided herein. Any reduction in the Obligations resulting from such application shall be deemed to take effect only on the date of receipt by Mortgagee or Trustee of such Awards and application against the Obligations, provided that if prior to the receipt by Trustee or Mortgagee of such Awards the Mortgaged Property shall have been sold on foreclosure of this Mortgage, or shall have been transferred by deed in lieu of foreclosure of this Mortgage, Mortgagee shall have the right to receive the same to the extent of any deficiency found to be due upon such sale, with legal interest thereon together with attorneys' fees and disbursements incurred by Trustee or Mortgagee in connection with the collection thereof. SECTION l.ll.
Effect on the Obligations. Notwithstanding any condemnation, taking or other proceeding referred to in this Section causing injury to or decrease in value of the Premises (including a change in grade of any street), or any interest therein, Trustor shall continue to pay and perform the Obligations as provided herein. Any reduction in the Obligations resulting from the application to the Obligations of any proceeds, judgments, decrees or awards pursuant to Section 1.03(b), (c) or (d) shall be --------------- --- --- deemed to take effect only on the date of receipt by Beneficiary of such proceeds, judgments, decrees or awards; provided that if prior to the receipt by Beneficiary of such proceeds, judgments, decrees or awards the Mortgaged Property shall have been sold on foreclosure of this Deed of Trust, or shall have been transferred by deed in lieu of foreclosure of this Deed of Trust, Beneficiary shall have the right to receive the same to the extent of any deficiency following such sale, with legal interest thereon together with attorneys' fees and disbursements incurred by Trustee and Beneficiary in connection with the collection thereof.
Effect on the Obligations. Notwithstanding any loss, damage ------------------------- or destruction referred to in this Section, Mortgagor shall continue to pay and perform the Obligations as provided herein. Any reduction in the Obligations resulting from such application shall be deemed to take effect only on the date of receipt by Mortgagee of such insurance proceeds and application against the Obligations provided that if prior to the receipt by Mortgagee of such insurance proceeds the Mortgaged Property shall have been sold on foreclosure of this Mortgage, or shall have been transferred by deed in lieu of foreclosure of this Mortgage, Mortgagee shall have the right to receive the same to the extent of any deficiency found to be due upon such sale, with legal interest thereon together with attorneys' fees and disbursements incurred by Mortgagee in connection with the collection thereof. If, after the application of any insurance proceeds to the Obligations, any portion of the Obligations shall remain unpaid, such unpaid portion of the Obligations shall continue in full force and effect and Mortgagor shall not be excused from the payment thereof.
Effect on the Obligations. Notwithstanding any fire or other casualty referred to in this Section 2.4 causing injury to or decrease in value of the Property, or any interest therein, Borrower shall continue to pay and perform the Obligations as provided herein. Any reduction in the Obligations resulting from an application of insurance proceeds shall be deemed to take effect only on the date of receipt by Lender of such insurance proceeds and application against the Obligations, provided that if prior to the receipt by Lender of such insurance proceeds the Property shall have been sold on foreclosure of this Security Instrument, or shall have been transferred by deed in lieu of foreclosure of this Security Instrument, Lender shall have the right to receive the aforesaid insurance proceeds to the extent of any deficiency found to be due upon such sale, with legal interest thereon together with reasonable attorneys’ fees and disbursements incurred by Lender in connection with the collection thereof. Notwithstanding anything herein to the contrary, if Lender applies insurance proceeds to the reduction of the Obligations, no Make-Whole Amount (as defined in the Note) shall be payable with respect to any such application of proceeds by Lender or, to the extent the application of such proceeds is greater than twenty percent (20%) of the Obligations and such application of proceeds materially restricts Borrower’s ability to rebuild the Property, with respect to Borrower’s payment of the entire unpaid balance of the Obligations thereafter. The provisions of this Section 2.4 shall survive the repayment, release, satisfaction and termination of this Security Instrument.
Effect on the Obligations. Notwithstanding any Taking, Borrower shall continue to pay and perform the Obligations as provided herein. Any reduction in the Obligations resulting from an application of Awards shall be deemed to take effect only on the date of receipt by Lender of such Awards and application against the Obligations, provided that if prior to the receipt by Lender of such Awards the Property shall have been sold on foreclosure of this Security Instrument, or shall have been transferred by deed in lieu of foreclosure of this Security Instrument, Lender shall have the right to receive the same to the extent of any deficiency found to be due upon such sale, with legal interest thereon together with reasonable attorneys’ fees and disbursements incurred by Lender in connection with the collection thereof. Notwithstanding anything herein to the contrary, if Lender applies Awards to the reduction of the Obligations, no Make-Whole Amount (as defined in the Note) shall be payable with respect to any such application of Awards by Lender or, to the extent the application of such Awards is greater than twenty percent (20%) of the Obligations and such application of Awards materially restricts Borrower’s ability to rebuild the Property, with respect to Borrower’s payment of the entire unpaid balance of the Obligations thereafter. The provisions of this Section 2.5 shall survive the repayment, release, satisfaction and termination of this Security Instrument.
Effect on the Obligations. Notwithstanding any fire or other casualty referred to in this Section 2.4 causing injury to or decrease in value of the Property, or any interest therein, Borrower shall continue to pay and perform the Obligations as provided herein. Any reduction in the Obligations resulting from an application of insurance proceeds shall not trigger Borrower's payment of the Make Whole Amount (as defined in the Note) and shall be deemed to take effect only on the date of receipt by Lender of such insurance proceeds and application against the Obligations, provided that if prior to the receipt by Lender of such insurance proceeds the Property shall have been sold on foreclosure of the Security Instrument, or shall have been transferred by deed in lieu of foreclosure of the Security Instrument, Lender shall have the right to receive the aforesaid insurance proceeds to the extent of any deficiency found to be due upon such sale, with legal interest thereon together with attorneys' fees and disbursements incurred by Lender in connection with the collection thereof. The provisions of this Section 2.4 shall survive the repayment, release, satisfaction and termination of this Agreement.
Effect on the Obligations. Notwithstanding any Taking, Borrower shall continue to pay and perform the Obligations as provided herein. Any reduction in the Obligations resulting from an application of Awards shall be deemed to take effect only on the date of receipt by Lender of such Awards and application against the Obligations, provided that if prior to the receipt by Lender of such Awards the Property shall have been sold on foreclosure of the Security Instrument, or shall have been transferred by deed in lieu of foreclosure of the Security Instrument, Lender shall have the right to receive the same to the extent of any deficiency found to be due upon such sale, together with attorneys' fees and disbursements incurred by Lender in connection with the collection thereof. The provisions of this Section 2.5 shall survive the repayment, release, satisfaction and termination of this Agreement.
