Common use of Beneficiary's Expenses Clause in Contracts

Beneficiary's Expenses. The Borrower shall pay all reasonable costs, charges and expenses, including reasonable attorneys' fees, unless covered by title insurance, which the Beneficiary may incur or expend in defending or enforcing the validity or priority of this Deed of Trust, or any term, covenant or condition hereof, or in collecting any sum secured hereby, or in protecting the security of the Beneficiary, or, if an Event of Default shall happen, in administering and performing its powers, privileges and duties hereunder. The Beneficiary may make advances or payments for such purposes but all advances or payments made by the Beneficiary for such purposes shall be repayable at once by the Borrower and shall bear interest at the rate provided in the Note from the date the same shall be become due and payable until the date paid, and any such sum or sums with interest as aforesaid shall become a part of the indebtedness secured hereby; No such advance or payment shall relieve the Borrower from any Event of Default hereunder.

Appears in 4 contracts

Samples: Purchase Dpcca Regulatory Agreement, Purchase Dpcca Regulatory Agreement, Purchase Dpcca Regulatory Agreement

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Beneficiary's Expenses. The Borrower shall pay all reasonable costs, charges and expenses, including reasonable attorneys' fees, unless covered by title insurance, which the Beneficiary may incur or expend in defending or enforcing the validity or priority of this Deed of Trust, or any term, covenant or condition hereof, or in collecting any sum secured hereby, or in protecting the security of the Beneficiary, or, if an Event of Default shall happen, in administering and performing its powers, privileges and duties hereunder. The Beneficiary may make advances or payments for such purposes but all advances or payments made by the Beneficiary for such purposes shall be repayable at once by the Borrower and shall bear interest at the rate provided in the Note from the date the same shall be become due and payable until the date paid, and any such sum or sums with interest as aforesaid shall become a part of the indebtedness secured hereby; No but no such advance or payment shall relieve the Borrower from any Event of Default hereunder.

Appears in 2 contracts

Samples: Purchase Money Pgcpap Dpcca, Purchase Money

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