Common use of LENDER ADVANCES Clause in Contracts

LENDER ADVANCES. Xxxxxx may make advances under the mortgage or deed of trust, security agreement or other instrument providing security for this Note, to protect the Lender’s interest in any mortgage or deed of trust, security agreement or other instrument providing security for this Note from loss of value or damage. Any money so advanced (including reasonable costs of recovery and attorneys’ fees) plus interest at the default rate stated in Section 7 of this Note shall become an obligation due and owing under the terms of this Note immediately upon the date advanced by Xxxxxx and is an obligation of Borrower secured by the mortgage or deed of trust, security agreement or other instrument providing security for this Note.

LENDER ADVANCES. Xxxxxx may make advances under the mortgage or deed of trust, security agreement or other instrument providing security for this Note, to protect the Lender’s interest in any mortgage or deed of trust, security agreement or other instrument providing security for this Note from loss of value or damage. Any money so advanced (including reasonable costs of recovery and attorneys’ fees) plus interest at the default rate stated in Section 7 8(D) of this Note shall become an obligation due and owing under the terms of this Note immediately upon the date advanced by Xxxxxx and is an obligation of Borrower secured by the mortgage or deed of trust, security agreement or other instrument providing security for this Note.

LENDER ADVANCES. Xxxxxx may make advances under the mortgage or deed of trust, security agreement or other instrument providing security for this Note, to protect the Lender’s interest in any mortgage or deed of trust, security agreement or other instrument providing security for this Note from loss of value or damage. Any money so advanced (including reasonable costs of recovery and attorneys’ fees) plus interest at the default rate stated in Section 7 of this Note shall become an obligation due and owing under the terms of this Note immediately upon the date advanced by Xxxxxx and is an obligation of Borrower Xxxxxxxx secured by the mortgage or deed of trust, security agreement or other instrument providing security for this Note.