Common use of Termination of Replacement Reserve Clause in Contracts

Termination of Replacement Reserve. After payment in full of all sums secured by the Security Instrument and release by Lender of the lien of the Security Instrument, Lender shall disburse to Borrower all amounts remaining in the Replacement Reserve.

Appears in 3 contracts

Samples: Repair and Security Agreement (Crown Northcorp Inc), Replacement Reserve and Security Agreement (Cornerstone Realty Income Trust Inc), Replacement Reserve and Security Agreement (Cornerstone Realty Income Trust Inc)

AutoNDA by SimpleDocs

Termination of Replacement Reserve. After payment in full of all sums secured by the Security Instrument and release by Lender of Lendxx xx the lien of the Security Instrument, Lender shall disburse to Borrower all amounts remaining in the Replacement Reserve.

Appears in 3 contracts

Samples: Replacement Reserve and Security Agreement (American Retirement Villas Properties Ii), Replacement Reserve and Security Agreement (Arv Assisted Living Inc), Replacement Reserve and Security Agreement (American Retirement Villas Properties Iii LTD Partnership)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!