Examples of Principal Limit in a sentence
At the same time, the Principal Limit also shall be reduced by the amount of the proceeds applied to reduce the Principal Balance.
If the Secretary makes Loan Advances to Borrower under the Second Security Instrument, the portion of the Principal Limit available for Loan Advances shall be the difference between the current Principal Limit and the combined Principal Balances on the Security Instrument less accrued interest and the Second Security Instrument.
The Principal Limit also shall be reduced by the amount of the proceeds applied to reduce the Principal Balance.
At the same time, the Principal Limit also shall be reduced by the amount of the pro- ceeds applied to reduce the Principal Balance.
If the Secretary makes Loan Advances to Borrower under the Second Security Instrument, the portion of the Principal Limit available for Loan Advances shall be the difference between the current Page 13 of 169/94 4230.1 REV-5 APPENDIX 68 Principal Limit and the combined Principal Balances on the First Security Instrument less accrued interest and the Second Security Instrument.