Common use of Application of Payment Clause in Contracts

Application of Payment. Any payment made on account of this Deed of Trust shall be applied (i) first to the payment of late charges and interest, if any, (ii) second, to any amounts advanced by the Beneficiary pursuant to the Deed of Trust and (iii) third, to the principal balance of the Loan.

Appears in 4 contracts

Samples: Deed of Trust, Deed of Trust, Deed of Trust

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Application of Payment. Any payment made on account of this Deed of Trust shall be applied (i) first to the payment of late charges and interest, if any, (ii) second, to any amounts advanced by the Beneficiary pursuant to the Deed Paragraph 6 of Trust and (iii) thirdSection 2 below, to the principal balance of the Loan.and

Appears in 2 contracts

Samples: Deed of Trust, Deed of Trust

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