Common use of Agreements about Lender’s Rights Clause in Contracts

Agreements about Lender’s Rights. If the Property Is Sold or Transferred. For purposes of this Section 19 only, “Interest in the Property” means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract, or escrow agreement, the intent of which is the transfer of title by me to a purchaser at a future date. Lender may require immediate payment in full of all Sums Secured if all or any part of the Property, or if any Interest in the Property, is sold or transferred (or if Borrower is not a natural Person and a beneficial interest in Borrower is sold or transferred) without Xxxxxx’s prior written consent. However, Lender will not exercise this option if such exercise is prohibited by Applicable Law. If Lender requires immediate payment in full under this Section 19, Lender will give me a notice in accordance with Section 16. The notice will give me at least 30 days to make the required payment. The 30-day period will begin on the date the notice is mailed or delivered. If I do not make the required payment during that period, Lender may act to enforce its rights under this Security Instrument without giving me any further notice or demand for payment and will be entitled to collect all expenses incurred in pursuing such remedies, including, but not limited to: (a) reasonable attorneys’ fees and costs; (b) property inspection and valuation fees; and (c) other fees incurred to protect Xxxxxx’s Interest in the Property and/or rights under this Security Instrument.

Agreements about Lender’s Rights. If the Property Is Sold or Transferred. For purposes of As used in this Section 19 onlySection, “Interest in the Property” means any legal or beneficial interest in the Property, Property recognized or protected by Applicable Law including, but not limited tofor example, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract, contract or escrow agreement, if the intent of which is the transfer of title by me to a purchaser Xxxxxxxx at a future datedate to a purchaser. 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 Interest interest in the Property, is sold or transferred (or if without Xxxxxx’s prior written permission. If Borrower is not a natural Person and a beneficial interest in Borrower is sold or transferred) transferred without Xxxxxx’s prior written consentpermission, Lender also may require immediate payment in full. However, Lender will not exercise this option require immediate payment in full if such exercise is prohibited by Applicable Law. If Lender requires immediate payment in full under this Section 19, Lender will give me a notice which states this requirement, following the procedures in accordance with Section 16. The notice will give me at least 30 days to make the required payment. The 30-day period will begin on the date the notice is mailed or delivered. If I do not make the required payment during that period, Lender may act to enforce its rights under this Security Instrument without giving me any further notice or demand for payment and will be entitled to collect all expenses incurred in pursuing such remedies, including, but not limited to: (a) reasonable attorneys’ fees and costs; (b) property inspection and valuation fees; and (c) other fees incurred to protect Xxxxxx’s Interest in the Property and/or rights under this Security Instrumentpayment.

Agreements about Lender’s Rights. If the Property Is Sold or Transferred. For purposes of As used in this Section 19 only18, “Interest in the Property” means any legal or beneficial interest in the Property, Property recognized or protected by Applicable Law including, but not limited tofor example, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract, contract or escrow agreement, if the intent of which is the transfer of title by me to a purchaser Xxxxxxxx at a future datedate to a purchaser. 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 Interest interest in the Property, is sold or transferred (or if without Xxxxxx’s prior written permission. If Borrower is not a natural Person and a beneficial interest in Borrower is sold or transferred) transferred without Xxxxxx’s prior written consentpermission, Lender also may require immediate payment in full. However, Lender will not exercise this option require immediate payment in full if such exercise is prohibited by Applicable Law. If Lender requires immediate payment in full under this Section 1918, Lender will give me a notice which states this requirement, following the procedures in accordance with Section 1615. The notice will give me at least 30 days to make the required payment. The 30-day period will begin on the date the notice is mailed or delivered. If I do not make the required payment during that period, Lender may act to enforce its rights under this Security Instrument without giving me any further notice or demand for payment and will be entitled to collect all expenses incurred in pursuing such remedies, including, but not limited to: (a) reasonable attorneys’ fees and costs; (b) property inspection and valuation fees; and (c) other fees incurred to protect Xxxxxx’s Interest in the Property and/or rights under this Security Instrumentpayment.