Common use of Unscheduled Payments Clause in Contracts

Unscheduled Payments. Loan Advances made pursuant to Sections 2.4., 2.9.2., 2.9.3., 2.10.3., 2.10.5., and 2.15. shall be made from a line of credit under Section 2.6. or 2.7. to the extent possible. If no line of credit sufficient to make the Loan Advances exists, any future monthly payments must be recalculated in accordance with Subsection 2.5.3. or

Appears in 3 contracts

Samples: Home Equity Conversion Loan Agreement, Home Equity Conversion Loan Agreement, Home Equity Conversion Loan Agreement

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Unscheduled Payments. Loan Advances made pursuant to Sections 2.4., 2.9.2., 2.9.3., 2.10.3., 2.10.5., and 2.15. shall be made from a line of credit under Section 2.6. or 2.7. to the extent possible. If no line of credit sufficient to make the Loan Advances exists, any future monthly payments must be recalculated in accordance with Subsection 2.5.3. oror 2.5.4. Article 3 - Late Charge

Appears in 2 contracts

Samples: Home Equity Conversion Loan Agreement, Home Equity Conversion Loan Agreement

Unscheduled Payments. Loan Advances made pursuant to Sections 2.3.4, 2.4., 2.9.2., 2.9.3., 2.10.3.[2.10.5/2.10.4, 2.10.5.2.10.6]2, and 2.15. 2.15 shall be made from a line of credit under Section 2.6. 2.6 or 2.7. 2.7 to the extent possible. If no line of credit sufficient to make the Loan Advances exists, any future monthly payments must be recalculated in accordance with Subsection 2.5.3. or2.5.3 or 2.5.4 to create a line of credit sufficient to make the Loan Advances.

Appears in 2 contracts

Samples: Hecm Adjustable Interest Rate Loan Agreement, Home Equity Conversion Mortgage Adjustable Rate Loan Agreement

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Unscheduled Payments. Loan Advances made pursuant to Sections 2.4., 2.9.2., 2.9.3., 2.10.3., 2.10.5., and 2.15. shall be made from a line of credit under Section 2.6. or 2.7. to the extent possible. If no line of credit sufficient to make the Loan Advances exists, any future monthly payments must be recalculated in accordance with Subsection 2.5.3. oror 2.5.4. to create a line of credit sufficient to make the Loan Advances.

Appears in 1 contract

Samples: Home Equity Conversion Mortgage Loan Agreement

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