Common use of XXXXXX’S EXPENDITURES Clause in Contracts

XXXXXX’S EXPENDITURES. If Grantor fails (A) to keep the Property free of all taxes, liens, security interests, encumbrances, and other claims, (B) to provide any required insurance on the Property, or (C) to make repairs to the Property then Lender may do so. If any action or proceeding is commenced that would materially affect Xxxxxx’s interests in the Property, then Xxxxxx on Grantor’s behalf may, but is not required to, take any action that Xxxxxx believes to be appropriate to protect Xxxxxx’s interests. All expenses incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Xxxxxx to the date of repayment by Grantor. All such expenses will become a part of the Indebtedness and, at Lender’s option, will (A) be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note; or (C) be treated as a balloon payment which will be due and payable at the Note’s maturity.

XXXXXX’S EXPENDITURES. If Grantor fails I fail (A) to keep the Property free of all taxes, liens, security interests, encumbrances, and other claims, (B) to provide any required insurance on the Property, or (C) to make repairs to the Property Property, then Lender lender may do so. If any action or proceeding is commenced commended that would materially affect Xxxxxx’s interests in the Property, then Xxxxxx Lender on Grantor’s my behalf may, but is not required to, take any action that Xxxxxx believes to be appropriate to protect Xxxxxx’s interestsinterest. All expenses incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Xxxxxx to the date of repayment by Grantorme. All such expenses will become a part of the Indebtedness and, at Lender’s option, will (A) be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance Insurance policy; or (2) the remaining term of the Note; or (Cc) be treated as a balloon payment which will be due and payable at the Note’s maturity. The Agreement also will secure payment of these amounts. The rights provided for in this paragraph shall be in addition to any other rights or any remedies to which Lender may be entitled on account of any default. Any such action by Xxxxxx shall not be construed as curing the default so as to bar Lender from any remedy that it otherwise would have had.

XXXXXX’S EXPENDITURES. If Grantor fails I fail (A) to keep the Property free of all taxes, liens, security interests, encumbrances, and other claims, (B) to provide any required insurance on the Property, or (C) to make repairs to the Property then Lender may do so. If any action or proceeding is commenced that would materially affect Xxxxxx’s interests in the Property, then Xxxxxx Lender on Grantor’s my behalf may, but is not required to, take any action that Xxxxxx believes to be appropriate to protect Xxxxxx’s interests. All expenses incurred or paid by Lender for such purposes will then bear interest at the rate charged under the Note from the date incurred or paid by Xxxxxx to the date of repayment by Grantorme. All such expenses will become a part of the Indebtedness and, at Lender’s option, will (A) be payable on demand; (B) be added to the balance of the Note and be apportioned among and be payable with any installment payments to become due during either (1) the term of any applicable insurance policy; or (2) the remaining term of the Note; or (C) be treated as a balloon payment which will be due and payable at the Note’s maturity. The Agreement also will secure payment of these amounts. The rights provided for in this paragraph shall be in addition to any other rights or any remedies to which Lender may be entitled on account of any default. Any such action by Xxxxxx shall not be construed as curing the default so as to bar Lender from any remedy that it otherwise would have had.