Common use of Payment of Property Charges Clause in Contracts

Payment of Property Charges. If Borrower fails to pay the property charges in a timely manner, Lender may pay the property charges; however, such election shall not preclude the Lender from taking action due to the Borrower’s failure to pay property charges under this section.

Appears in 3 contracts

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

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Payment of Property Charges. If Borrower Xxxxxxxx fails to pay the property charges in a timely manner, Lender Xxxxxx may pay the property charges; however, such election shall not preclude the Lender from taking action due to the Borrower’s failure to pay property charges under this section.

Appears in 1 contract

Samples: Mortgage Loan Agreement

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