Common use of PROTECTION OF LENDER'S SECURITY Clause in Contracts

PROTECTION OF LENDER'S SECURITY. If Borrower fails to perform the covenants and agreements contained in this Mortgage, or if any action or proceeding is commenced which materially affects Lender's interest in the Property, then Lender, at Lender's option, upon notice to Borrower, may disburse such sums, including reasonable attorneys' fees, and take such actions as are necessary to protect Lender's interest, and any expenses so incurred by Lender shall be secured by this Mortgage.

Appears in 2 contracts

Samples: Mortgage, Mortgage

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PROTECTION OF LENDER'S SECURITY. If Borrower fails to perform the covenants and agreements contained in this Mortgage, or if any action or proceeding is commenced which materially affects Lender's ’s interest in the Property, then Lender, at Lender's ’s option, upon notice to Borrower, may disburse such sums, including reasonable attorneys' fees, and take such actions as are necessary to protect Lender's interest, and any expenses so incurred by Lender shall be secured by this Mortgage.make

Appears in 1 contract

Samples: Mortgage

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PROTECTION OF LENDER'S SECURITY. If Borrower fails to perform the covenants and agreements contained in this Mortgage, or if any action or proceeding is commenced which materially affects Lender's interest in the Property, then Lender, at LenderXxxxxx's option, upon notice to Borrower, may make such appearances, disburse such sums, including reasonable attorneys' attorney's fees, and take such actions action as are is necessary to protect LenderXxxxxx's interest, and any expenses so incurred by Lender shall be secured by this Mortgage.

Appears in 1 contract

Samples: Mortgage

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