Excess Monies. Mortgagee may apply on account of the Liabilities any unexpended monies still retained by Mortgagee that were paid by Mortgagor to Mortgagee: (a) for the payment of, or as security for the payment of taxes, assessments or other governmental charges, insurance premiums, or any other charges; or (b) to secure the performance of some act by Mortgagor.
Appears in 13 contracts
Samples: Mortgage and Security Agreement (Trailer Bridge Inc), Multiple Indebtedness Mortgage (Radnor Holdings Corp), Mortgage and Security Agreement (Exactech Inc)
Excess Monies. Mortgagee may apply on account of the Liabilities any unexpended monies still retained by Mortgagee that were paid by Mortgagor to Mortgagee: (ai) for the payment of, or as security for the payment of taxes, assessments or other governmental charges, insurance premiums, or any other charges; or (bii) to secure the performance of some act by Mortgagor.
Appears in 3 contracts
Samples: Mortgage and Security Agreement (Burlington Coat Factory Warehouse Corp), Reimbursement Agreement (Alexanders Inc), Mortgage and Security Agreement (Michael Anthony Jewelers Inc)
Excess Monies. Mortgagee may apply on account of the Liabilities any unexpended monies still retained by Mortgagee that were paid by Mortgagor to Mortgagee: (a) for the payment of, or as security for the payment of taxes, assessments or other governmental charges, insurance premiums, or any other charges; or (b) to secure the performance of some act by MortgagorXxxxxxxxx.
Appears in 1 contract
Samples: Construction Loan Agreement (Arvida JMB Partners L P)
Excess Monies. Mortgagee may apply on account of the Liabilities Obligations any unexpended monies still retained by Mortgagee that were paid by Mortgagor to Mortgagee: (a) for the payment of, or as security for the payment of taxes, assessments or other governmental charges, insurance premiums, or any other charges; or (b) to secure the performance of some act by Mortgagor.
Appears in 1 contract
Samples: Mortgage and Security Agreement (Ep Medsystems Inc)
