Common use of Loan Advances by Secretary Clause in Contracts

Loan Advances by Secretary. If the Security Instrument has been assigned to the Secretary, 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.

Appears in 4 contracts

Samples: Home Equity Conversion Mortgage Loan Agreement, Home Equity Conversion Mortgage Loan Agreement, Home Equity Conversion Mortgage Loan Agreement

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Loan Advances by Secretary. If the Security Instrument has been assigned to the Secretary, 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 earned, or disbursed by the Secretary.

Appears in 1 contract

Samples: Hecm Fixed Interest Rate Loan Agreement

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