Common use of Loan Advances by Secretary Clause in Contracts

Loan Advances by Secretary. If the Security Instrument has been assigned to the Secretary or the Secretary notifies Lender and Borrower that Loan Advances are secured by the Second Security Instrument, Lender shall have no further obligation to make Loan Advances under this Loan Agreement, unless the Secretary accepts later reimbursement by the Lender for all Loan Advances made, earned or disbursed by the Secretary. The Secretary may establish procedures for handling requests for payments and changes in payment plans during the interval between Lender's notification of intent to assign the Security Instrument to the Secretary and completion of the assignment. Borrower shall be informed of such procedures by Lender and/or the Secretary, and Borrower shall comply with such procedures.

Loan Advances by Secretary. If the Security Instrument has been assigned to the Secretary or the Secretary notifies Lender Xxxxxx and Borrower that Loan Advances are secured by the Second Security Instrument, Lender Xxxxxx shall have no further obligation to make Loan Advances under this Loan Agreement, unless the Secretary accepts later reimbursement by the Lender for all Loan Advances made, earned or disbursed by the Secretary. The Secretary may establish procedures for handling requests for payments and changes in payment plans during the interval between LenderXxxxxx's notification of intent to assign the Security Instrument to the Secretary and completion of the assignment. Borrower shall be informed of such procedures by Lender Xxxxxx and/or the Secretary, and Borrower shall comply with such procedures.

Loan Advances by Secretary. If the First Security Instrument has been assigned to the Secretary or the Secretary notifies Lender Xxxxxx and Borrower that Loan Advances are secured by the Second Security Instrument, Lender Xxxxxx shall have no further obligation to make Loan Advances under this Loan Agreement, unless the Secretary accepts later reimbursement by the Lender for all Loan Advances made, earned or disbursed by the Secretary. The Secretary may establish procedures for handling requests for payments and changes in payment plans during the interval between LenderXxxxxx's notification of intent to assign the First Security Instrument Agreement to the Secretary and completion of the assignment. Borrower shall be informed of such procedures by Lender Xxxxxx and/or the Secretary, and Borrower shall comply with such procedures.

Loan Advances by Secretary. If the Security Instrument has been assigned to the Secretary or the Secretary notifies Lender and Borrower that Loan Advances are secured by the Second Security Instrument, Lender shall have no further obligation to make Loan Advances under this Loan Agreement, unless the Secretary accepts later reimbursement by the Lender for all Loan Advances made, earned or disbursed by the Secretary. The Secretary may establish procedures for handling requests for payments and changes in payment plans options during the interval between Lender's notification of intent to assign the Security Instrument to the Secretary and completion of the assignment. Borrower shall be informed of such procedures by Lender and/or the Secretary, and Borrower shall comply with such procedures.

Loan Advances by Secretary. If the First Security Instrument has been assigned to the Secretary or the Secretary notifies Lender and Borrower that Loan Advances are secured by the Second Security Instrument, Lender shall have no further obligation to make Loan Advances under this Loan Agreement, unless the Secretary accepts later reimbursement by the Lender for all Loan Advances made, earned or disbursed by the Secretary. The Secretary may establish procedures for handling requests for payments and changes in payment plans during the interval between Lender's notification of intent to assign the First Security Instrument Agreement to the Secretary and completion of the assignment. Borrower shall be informed of such procedures by Lender and/or the Secretary, and Borrower shall comply with such procedures.

Loan Advances by Secretary. If the Security Instrument has been assigned to the Secretary or the Secretary notifies the Lender and the Borrower that Loan Advances are secured by the Second Security Instrument, the Lender shall have no further obligation to make Loan Advances under this Loan Agreement, unless the Secretary accepts later reimbursement by the Lender for all Loan Advances made, earned or disbursed by the Secretary. The Secretary may establish procedures for handling requests for payments and changes in payment plans options during the interval between the Lender's notification of intent to assign the Security Instrument to the Secretary and completion of the assignment. The Borrower shall be informed of such procedures by the Lender and/or the Secretary, and the Borrower shall comply with such procedures.