Assignment to Lender. Borrower hereby assigns, sets over and transfers to Lender all Insurance Proceeds and Taking Proceeds and authorizes payment of such Insurance Proceeds and Taking Proceeds to be made directly to Lender. Lender shall apply the Insurance Proceeds and Taking Proceeds first to pay all expenses incurred by Lender in connection with the Casualty or Taking, including, without limitation, attorney's fees and title fees.
Appears in 2 contracts
Samples: Deed of Trust and Security Agreement (Bluerock Residential Growth REIT, Inc.), Deed of Trust and Security Agreement (Micro Linear Corp /Ca/)
Assignment to Lender. Borrower hereby assigns, sets over and transfers to Lender all Insurance Proceeds and Taking Proceeds and authorizes payment of such Insurance Proceeds and Taking Proceeds to be made directly to Lender. Lender shall apply the Insurance Proceeds and Taking Proceeds first to pay all expenses incurred by Lender in connection with the Casualty or Taking, including, without limitation, attorney's ’s fees and title fees.
Appears in 1 contract
Assignment to Lender. Borrower hereby assigns, sets over and transfers to Lender all Insurance Proceeds and Taking Proceeds and authorizes payment of such Insurance Proceeds and Taking Proceeds to be made directly to Lender. Lender shall apply the Insurance Proceeds and Taking Proceeds first to pay all reasonable expenses incurred by Lender in connection with the Casualty or Taking, including, without limitation, attorney's fees and title fees.. Unless Paragraph
Appears in 1 contract
Samples: Loan and Security Agreement (United Shields Corp/Oh/)
