Sums Secured definition

Sums Secured means the unpaid balance of amounts described below in the section titled “Borrower’s Transfer to Lender of Rights in the Property.”
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Sums Secured. The amounts described below in the section titled “Borrower’s Transfer to Lender of Rights in the Property” sometimes will be called the “Sums Secured.”
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Sums Secured. The amounts described below in the section titled “Borrower’s Transfer to Lender of Rights in the Property” sometimes will be called the “sums secured.” XXXXXXXX’S TRANSFER TO LENDER OF RIGHTS IN THE PROPERTY [I/We] mortgage, grant and convey the Property to Lender subject to the terms of this Security Instrument. This means that, by signing this Security Instrument, [I/we] [am/are] giving Lender those rights that are stated in this Security Instrument and also those rights that the law gives to lenders who hold mortgages on real property. [I/We] [am/are] giving Lender these rights to protect Lender from possible losses that might result if [I/we] fail to: Pay all the amounts that [I/we] owe Lender as stated in the Note; Pay, with interest, any amounts that Lender spends under Paragraphs 2 and 7 of this Security Instrument to protect the value of the Property and Lender’s rights in the Property; and Keep all of [my/our] other promises and agreements under this Security Instrument. DESCRIPTION OF THE PROPERTY [I/We] give Lender rights in the Property described in (A) through (J) below: The Property which is located at , [Street] , New York, . This Property is in [City] [Zip Code] County. It has the following legal description: All buildings and other improvements that are located on the Property described in subparagraph (A) of this section; All rights in other property that [I/we] have as owner(s) of the Property described in subparagraph (A) of this section. These rights are known as “easements, rights and appurtenances attached to the Property”; All rents or royalties from the Property described in subparagraph (A) of this section; All mineral, oil and gas rights and profits, water rights and stock that are part of the Property described in subparagraph (A) of this section; All rights that [I/we] have in the land which lies in the streets or roads in front of, or next to, the Property described in subparagraph (A) of this section; All fixtures that are now, or in the future will be, on the Property described in subparagraph of this section; All of the rights and property described in subparagraphs (B) through (G) of this section that [I/we] acquire in the future; All replacements of or additions to the Property described in subparagraphs (B) through
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Examples of Sums Secured in a sentence

  • This means that any one of us may be required to pay all of the Sums Secured.

  • In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds will be applied to the Sums Secured, whether or not then due.

  • If the restoration or repair is not economically feasible or Lender’s security given in this Security Instrument would be lessened, the Miscellaneous Proceeds will be applied to the Sums Secured, whether or not then due.

  • In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is less than the amount of the Sums Secured immediately before the partial taking, destruction, or loss in value, the Miscellaneous Proceeds will be applied to the Sums Secured whether or not the sums are then due.

  • Lender may require Immediate Payment in Full of all Sums Secured by this Security Instrument if all or any part of the Property, or if any right in the Property, is sold or transferred without Xxxxxx’s prior written permission.

  • This is known as “Foreclosure and Sale.” In any lawsuit for Foreclosure and Sale, Lender will have the right to collect all costs and disbursements and additional allowances allowed by Applicable Law and will have the right to add all reasonable attorneys’ fees to the amount I owe Lender, which fees shall become part of the Sums Secured.

  • When I have paid all of the Sums Secured, Lender will promptly refund to me any Funds that are then being held by Lender.

  • Even if Lender is requested to do so, Lender will not be required to (1) bring a lawsuit against me or such a Person for not fulfilling obligations under the Note or under this Security Instrument, or (2) refuse to extend time for payment or otherwise modify amortization of the Sums Secured.

  • Lender may use such monies to pay off any part of the Sums Secured without affecting Xxxxxx’s right to continue foreclosure and sale.

  • When I have paid all of the Sums Secured, Lender will promptly refund to me any Escrow Funds that are then being held by Lender.


More Definitions of Sums Secured

Sums Secured. 3. This mortgage secures to the Lender repayment of the Loan, the payment of interest on the Loan and the payment from time to time of all other sums due from the Borrower to the Lender on any account whatsoever. If a Default Event occurs all amounts secured by this mortgage shall become immediately due and payable. The Borrower covenants to pay all such monies to the Lender.
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Sums Secured. The amounts described below in the section titled "Borrower's Transfer to Lender of Rights in the Property" sometimes will be called the "Sums Secured". BORROWER'S TRANSFER TO LENDER OF RIGHTS IN THE PROPERTY I mortgage, grant and convey the Property to Lender subject to the terms of this Security Instrument. This means that, by signing this Security Instrument, I am giving Lender those rights that are stated in this Security Instrument and also those rights that the law gives to Lenders who hold mortgages on real property. I am giving Lender these rights to protect Lender from possible losses that might result if I fail to: (A) Pay all the amounts that I owe Lender as stated in this Note; (B) Pay, with interest, any amounts that Lender spends under Paragraphs 2 and 7 of this Security Instrument to protect the value of the Property and Lender's rights in the Property; and (C) Keep all of my other promises and agreements under this Security Instrument; NEW YORK--Single Family-- Xxxxxx Xxx/Xxxxxxx Mac UNIFORM INSTRUMENT form 3033 10/91 I Item 1930 (9111) (Page 1 of 12 pages) Initials:_________ DESCRIPTION OF PROPERTY I give Lender rights in the Property described in (A) through (G) below:
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Related to Sums Secured

  • Secured means when referring to a Claim: (a) secured by a Lien on property in which the Estate has an interest, which Lien is valid, perfected, and enforceable pursuant to applicable law or by reason of a Bankruptcy Court order, or that is subject to setoff pursuant to section 553 of the Bankruptcy Code, to the extent of the value of the creditor’s interest in the Estate’s interest in such property or to the extent of the amount subject to setoff, as applicable, as determined pursuant to section 506(a) of the Bankruptcy Code; or (b) Allowed pursuant to the Plan or separate order of the Bankruptcy Court as a secured claim.

  • U.S. Security Agreement means that certain Security Agreement, dated as of the Original Effective Date (as amended, amended and restated, supplemented or otherwise modified from time to time), between the U.S. Loan Parties and the Administrative Agent, for the benefit of the Administrative Agent, and the other Lender Parties, and any other pledge or security agreement entered into, after the Original Effective Date by any other U.S. Loan Party (as required by this Agreement or any other Loan Document).

  • Swap Collateral means all right, title and interest of Party B in this Agreement, each Transaction hereunder, and all present and future amounts payable by Party A to Party B under or in connection with this Agreement or any Transaction governed by this Agreement, including, without limitation, any transfer or termination of any such Transaction.

  • Loan Obligations means (a) the due and punctual payment by the Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the Borrower under this Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by the Borrower under this Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide Cash Collateral and (iii) all other monetary obligations of the Borrower owed under or pursuant to this Agreement and each other Loan Document, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), and (b) the due and punctual payment of all obligations of each other Loan Party under or pursuant to each of the Loan Documents.

  • Prepetition Secured Parties means the “Secured Parties” under, and as defined in, the Prepetition Credit Agreement, in each case as amended, modified or supplemented through the Petition Date.

  • Collateral has the meaning set forth in Section 2.