Common use of Reserve Account Balances Clause in Contracts

Reserve Account Balances. If the amount of the Reserve Account shall exceed the amounts due for Taxes and insurance premiums pursuant to this Article IV, Lender shall, in its discretion, return any excess to Borrower or credit such excess against future payments to be made to the Reserve Account. In allocating such excess, Lender may deal with the Person shown on the records of Lender to be the owner of the Property. If the Reserve Account is not sufficient to pay the items set forth in Section 4.1, Borrower shall promptly pay to Lender, upon demand, an amount which Lender shall estimate as sufficient to make up such deficiency.

Reserve Account Balances. If the amount of the Reserve Account shall exceed the amounts due for Taxes and insurance premiums pursuant to this Article IV, Lender shall, in its discretion, return any excess to Borrower or credit such excess against future payments to be made to the Reserve Account. In allocating such excess, Lender may deal with the Person shown on the records of Lender ox Xxxxer to be the owner of the Property. If the Reserve Account Xxxxxnt is not sufficient to pay the items set forth in Section 4.1, Borrower shall promptly pay to Lender, upon demand, an amount which Lender shall estimate as sufficient to make up such deficiency.

Reserve Account Balances. If the amount of the Reserve Account shall exceed the amounts due for Taxes and insurance premiums pursuant to this Article IV, Lender shall, in its discretion, return any excess to Borrower or credit such excess against future payments to be made to the Reserve Account. In allocating such excess, Lender Xxxxxx may deal with the Person shown on the records of Lender Xxxxxx to be the owner of the Property. If the Reserve Account is not sufficient to pay the items set forth in Section 4.1, Borrower shall promptly pay to Lender, upon demand, an amount which Lender shall estimate as sufficient to make up such deficiency.