Excess Monies. Lender may apply on account of the Liabilities any unexpended monies still retained by Lender that were paid by Borrower to Lender for the payment of, or as security for the payment of, taxes, assessments or other governmental charges, insurance premiums, or any other legitimate charges pertaining to the Property or the performance of the obligations of Borrower under the Loan Documents.
Appears in 3 contracts
Samples: Mortgage, Security Agreement and Fixture, Mortgage, Security Agreement and Fixture (Saddlebrook Resorts Inc), Mortgage, Security Agreement and Fixture (Saddlebrook Resorts Inc)
Excess Monies. Lender may apply on account of the Liabilities Obligations any unexpended monies still retained by Lender that were paid by Borrower Xxxxxxxxx to Lender Lender: (a) for the payment of, or as security for the payment of, of taxes, assessments or other governmental charges, insurance premiums, or any other legitimate charges pertaining charges; or (b) to the Property or secure the performance of the obligations of Borrower under the Loan Documentssome act by Xxxxxxxxx.
Appears in 2 contracts
Samples: Security Agreement and Fixture, Security Agreement and Fixture
