Common use of Loan Due and Payable Clause in Contracts

Loan Due and Payable. Lender shall have no obligation to make Loan Advances if Lender has notified Borrower that immediate payment in full to Lender is required under one or more of the Loan Documents unless and until the notice is rescinded by Lender.

Appears in 6 contracts

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

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Loan Due and Payable. Lender shall have no obligation to make Loan Advances if Lender Xxxxxx has notified Borrower that immediate payment in full to Lender is required under one or more of the Loan Documents unless and until the notice is rescinded by LenderXxxxxx.

Appears in 4 contracts

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

Loan Due and Payable. Lender shall have no obligation to make Loan Advances to Borrower after initial Loan Advance if Lender has notified Borrower that immediate payment in full to Lender is required under one or more of the Loan Documents unless and until the notice is rescinded by Lender.

Appears in 2 contracts

Samples: Conversion Mortgage Loan Agreement Fixed Interest Rate, Conversion Mortgage Loan Agreement Fixed Interest

Loan Due and Payable. Lender shall have no obligation to make Loan Advances if Lender has notified Borrower that immediate payment in full to Lender is required under one or more of the Loan Documents unless and until the notice is rescinded by Lender.

Appears in 1 contract

Samples: Home Equity Conversion Loan Agreement

Loan Due and Payable. Lender shall have no obligation to make Loan Advances Advances, including those under Section 2.10, if Lender has notified Borrower that immediate payment in full to Lender is required under one or more of the Loan Documents unless and until the notice is rescinded by Lender.

Appears in 1 contract

Samples: Loan Agreement

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Loan Due and Payable. The Lender shall have no obligation to make Loan Advances Advances, including those under Section 2.10, if the Lender has notified the Borrower that immediate payment in full to the Lender is required under one or more of the Loan Documents unless and until the notice is rescinded by the Lender.

Appears in 1 contract

Samples: Hecm Adjustable Interest Rate Loan Agreement

Loan Due and Payable. The Lender shall have no obligation to make Loan Advances to the Borrower after initial Loan Advance if the Lender has notified the Borrower that immediate payment in full to the Lender is required under one or more of the Loan Documents unless and until the notice is rescinded by the Lender.

Appears in 1 contract

Samples: Hecm Fixed Interest Rate Loan Agreement

Loan Due and Payable. Lender shall have no obligation to make Loan Advances if Lender Xxxxxx has notified Borrower that immediate payment in full to Lender is required under one or more of the Loan Documents unless and until the notice is rescinded by Lender.

Appears in 1 contract

Samples: Conversion Loan Agreement

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