Common use of Release of Insurance Funds Clause in Contracts

Release of Insurance Funds. Provided no Event of Default shall exist and remain uncured, Lender shall apply the Insurance Funds to payment of Insurance Premiums. In making any payment relating to Insurance Premiums, Lender may do so according to any xxxx, statement or estimate procured from the insurer or its agent, without inquiry into the accuracy of such xxxx, statement or estimate. If the amount of the Insurance Funds shall exceed the amounts due for Insurance Premiums, Lender shall, in its sole discretion, return any excess to Borrower or credit such excess against future payments to be made to the Insurance Funds. Any Insurance Funds remaining after the Debt has been paid in full shall be returned to Borrower.

Release of Insurance Funds. Provided no Event of Default shall exist has occurred and remain uncuredis continuing, Lender shall apply the Insurance Funds Funds, if any, to payment of Insurance Premiums. In making any payment relating to Insurance Premiums, Lender may do so according to any xxxx, statement or estimate procured from the insurer or its agent, without inquiry into the accuracy of such xxxx, statement or estimate. If the amount of the Insurance Funds shall exceed the amounts due for Insurance Premiums, Lender shall, in its sole discretion, return any excess to Borrower or credit such excess against future payments to be made to the Insurance Funds. Any Insurance Funds remaining after the Debt has been paid in full shall be returned to Borrower.

Release of Insurance Funds. Provided no Event of Default shall exist and remain uncured, Lender shall apply or direct Servicer to apply the Insurance Funds in the Insurance Account to payment of Insurance Premiums. In making any payment relating to Insurance Premiums, Lender may do so according to any xxxx, statement or estimate procured from the insurer or its agent, without inquiry into the accuracy of such xxxx, statement or estimate. If the amount of the Insurance Funds shall exceed the amounts due for Insurance Premiums, Lender shall, in its sole discretion, shall return any excess to Borrower or credit such excess against future payments to be made to the Insurance FundsBorrowers. Any Insurance Funds remaining in the Insurance Account after the Debt has been paid in full shall be returned to BorrowerBorrowers.

Release of Insurance Funds. Provided no Event of Default shall exist and remain uncuredis continuing, Lender shall apply the Insurance Funds Funds, if any, to payment of Insurance Premiums. In making any payment relating to Insurance Premiums, Lender may do so according to any xxxx, statement or estimate procured from the insurer or its agent, without inquiry into the accuracy of such xxxx, statement or estimate. If the amount of the Insurance Funds shall exceed the amounts due for Insurance Premiums, Lender shall, in its sole discretion, shall return any excess to Borrower or credit such excess against future payments deposits to be made to the Insurance Funds. Any Insurance Funds remaining after the Debt has been paid indefeasibly repaid or defeased in full shall be returned to Borrower.

Release of Insurance Funds. Provided no Event of Default shall exist and remain uncuredis continuing, Lender shall apply the Insurance Funds Funds, if any, to payment of Insurance Premiums. In making any payment relating to Insurance Premiums, Lender may do so according to any xxxxbxxx, statement or estimate procured from the insurer or its agent, without inquiry into the accuracy of such xxxxbxxx, statement or estimate. If the amount of the Insurance Funds shall exceed the amounts due for Insurance Premiums, Lender shall, in its sole discretion, shall return any excess to Borrower or credit such excess against future payments deposits to be made to the Insurance Funds. Any Insurance Funds remaining after the Debt has been paid indefeasibly repaid or defeased in full shall be returned to Borrower.

Release of Insurance Funds. Provided no Event of Default shall exist has occurred and remain uncuredis continuing, Lender shall apply the Insurance Funds to payment of Insurance Premiums. In making any payment relating to Insurance Premiums, Lender may do so according to any xxxx, statement or estimate procured from the insurer or its agent, without inquiry into the accuracy of such xxxx, statement or estimate. If the amount of the Insurance Funds shall exceed the amounts due for Insurance Premiums, Lender shall, in its sole discretion, return any excess to Borrower or credit such excess against future payments to be made to the Insurance Funds. Any Insurance Funds remaining after the Debt has been paid in full shall be returned to Borrower.

Release of Insurance Funds. Provided no Lender shall have the right and obligation (absent an Event of Default shall exist and remain uncured, Lender shall Default) to apply the Insurance Funds to payment of Insurance oflnsurance Premiums. In making any payment relating to Insurance Premiums, Lender may do so according to any xxxxbxxx, statement or estimate procured from the insurer or its agent, without inquiry into the accuracy of such xxxxbxxx, statement or estimate. If the amount of the Insurance Funds shall exceed the amounts due for Insurance Premiums, Lender shall, in its sole discretion, return any excess to Borrower or credit such excess against future payments to be made to the Insurance Funds. Any Insurance Funds remaining after the Debt has been paid in full shall be returned to Borrower.

Release of Insurance Funds. Provided no Event of Default shall exist has occurred and remain uncuredis continuing, Lender shall apply the Insurance Funds Funds, if any, to payment of Insurance Premiums. In making any payment relating to Insurance Premiums, Lender may do so according to any xxxx, statement or estimate procured from the insurer or its agent, without inquiry into the accuracy of such xxxx, statement or estimate. If the amount of the Insurance Funds shall exceed the amounts due for Insurance Premiums, Lender shall, in its sole discretion, return any excess to Borrower Borrowers or credit such excess against future payments to be made to the Insurance Funds. Any Insurance Funds remaining after the Debt has been paid in full shall be returned to BorrowerBorrowers.