Common use of Deposits of Insurance Funds Clause in Contracts

Deposits of Insurance Funds. Subject to the provisions of Section 3.2.3, Borrower shall deposit with Lender such amount as Lender may reasonably require to establish the escrow for Insurance Premiums required under this Section 3.2.1. In addition, on each Monthly Payment Date Borrower shall deposit with Lender an amount equal to one twelfth of the Insurance Premiums that Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies. Amounts deposited pursuant to this Section 3.2.1 are referred to herein as the “Insurance Funds”. If at any time Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Lender shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least thirty (30) days prior to expiration of the Policies.

Deposits of Insurance Funds. Subject to On the provisions of Section 3.2.3Closing Date, Borrower shall deposit with Lender such the amount as Lender may reasonably require to establish the escrow for Insurance Premiums required under this Section 3.2.1. In addition, of Thirty Three Thousand Two Hundred Forty Three and 33/100 Dollars ($33,243.33) and shall be deposited on each Monthly Payment Date Borrower shall deposit with Lender an amount equal to one one-twelfth (1/12th) of the Insurance Premiums that Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies. Amounts deposited pursuant to this Section 3.2.1 6.3.1 are referred to herein as the “Insurance Funds”. If at any time Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Lender shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least thirty (30) days prior to expiration of the Policies.

Deposits of Insurance Funds. Subject to On the provisions of Section 3.2.3Closing Date, Borrower shall deposit with Lender such Agent the amount as Lender may reasonably require of Two Hundred Sixteen Thousand One Hundred Six and No/100 Dollars ($216,106) and, pursuant to establish the escrow for Insurance Premiums required under this Section 3.2.1. In additionCash Management Agreement, there shall be deposited on each Monthly Payment Date Borrower shall deposit with Lender an amount equal to one one-twelfth of the Insurance Premiums that Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate sufficient funds to pay all such Insurance Premiums at least thirty fifteen (3015) days prior to the expiration of the Policies. Amounts deposited pursuant to this Section 3.2.1 6.3.1 are referred to herein as the “Insurance Funds”"INSURANCE FUNDS". If at any time Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Lender shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least thirty (30) days prior to expiration of the Policies.

Deposits of Insurance Funds. Subject to On the provisions of Section 3.2.3Closing Date, Borrower shall deposit with Lender such Agent the amount as Lender may reasonably require of $242,496 (which amount shall constitute a portion of the Insurance Funds) and, pursuant to establish the escrow for Insurance Premiums required under this Section 3.2.1. In additionCash Management Agreement, there shall be deposited on each Monthly Payment Date Borrower shall deposit with Lender an amount equal to one one-twelfth of the Insurance Premiums that Lender reasonably estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies. Amounts deposited pursuant to this Section 3.2.1 6.3.1 are referred to herein as the “Insurance Funds”. If at any time Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Lender shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Lender reasonably estimates is sufficient to make up the deficiency at least thirty (30) days prior to expiration of the Policies.

Deposits of Insurance Funds. Subject to On the provisions of Section 3.2.3Closing Date, Borrower shall deposit with Lender such the amount as Lender may reasonably require to establish the escrow for Insurance Premiums required under this Section 3.2.1. In additionof One Hundred Twenty Thousand One and 25/100 Dollars ($121,001.25) and, on each Monthly Payment Date Borrower shall deposit with Lender an amount equal to one one-twelfth of the Insurance Premiums that Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies. Amounts deposited pursuant to this Section 3.2.1 6.3.1 are referred to herein as the “Insurance Funds”. If at any time Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Lender shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least thirty (30) days prior to expiration of the Policies.

Deposits of Insurance Funds. Subject to On the provisions of Section 3.2.3Closing Date, Borrower shall deposit with Lender such the amount as Lender may reasonably require of Five Thousand Seven Hundred Thirty and No/100 Dollars ($5,730.00) and there shall be deposited to establish the escrow for Insurance Premiums required under this Section 3.2.1. In addition, appropriate Accounts on each Monthly Payment Date Borrower shall deposit with Lender an amount equal to one one-twelfth of the Insurance Premiums that Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies. Amounts deposited pursuant to this Section 3.2.1 6.3.1 are referred to herein as the “Insurance Funds”"INSURANCE FUNDS". If at any time Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Lender shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least thirty (30) days prior to expiration of the Policies.

Deposits of Insurance Funds. Subject to On the provisions of Section 3.2.3Closing Date, Borrower shall deposit with Lender such the amount as of Thirty Three Thousand Two Hundred Forty Three and 33/100 Dollars ($33,243.33) and shall deposited with Lender may reasonably require to establish the escrow for Insurance Premiums required under this Section 3.2.1. In addition, on each Monthly Payment Date Borrower shall deposit with Lender an amount equal to one one-twelfth (1/12th) of the Insurance Premiums that Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies. Amounts deposited pursuant to this Section 3.2.1 6.3.1 are referred to herein as the “Insurance Funds”. If at any time Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Lender shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least thirty (30) days prior to expiration of the Policies.

Deposits of Insurance Funds. Subject to the provisions of Section 3.2.3, Borrower shall deposit with Lender such Agent (i) the amount as Lender may reasonably require to establish of $50,756.33 and No/100 Dollars on the escrow for Insurance Premiums required under this Section 3.2.1. In addition, Closing Date and (ii) on each Monthly Payment Date Borrower shall deposit with Lender Date, an amount equal to one one-twelfth of the Insurance Premiums that Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies, which amounts shall be transferred by Agent into an Account (the "Insurance Account"). Amounts deposited pursuant to this Section 3.2.1 6.4.1 are referred to herein as the “"Insurance Funds”". If at any time Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Lender shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least thirty (30) days prior to expiration of the Policies.

Deposits of Insurance Funds. Subject to On the provisions of Section 3.2.3Closing Date, Borrower shall deposit with Lender such the amount as Lender may reasonably require of Five Thousand Seven Hundred Thirty and No/100 Dollars ($5,730.00) and there shall be deposited to establish the escrow for Insurance Premiums required under this Section 3.2.1. In addition, appropriate Accounts on each Monthly Payment Date Borrower shall deposit with Lender an amount equal to one one-twelfth of the Insurance Premiums that Lender estimates will be payable for the renewal of the coverage afforded by the Policies upon the expiration thereof in order to accumulate sufficient funds to pay all such Insurance Premiums at least thirty (30) days prior to the expiration of the Policies. Amounts deposited pursuant to this Section 3.2.1 6.3.1 are referred to herein as the “Insurance Funds”. If at any time Lender reasonably determines that the Insurance Funds will not be sufficient to pay the Insurance Premiums, Lender shall notify Borrower of such determination and the monthly deposits for Insurance Premiums shall be increased by the amount that Lender estimates is sufficient to make up the deficiency at least thirty (30) days prior to expiration of the Policies.