Examples of Mortgage Escrow Amounts in a sentence
If the amount of such premiums and Impositions has not been definitely ascertained by Grantor at the time when any such monthly deposits are to be paid, Beneficiary shall require payment of Mortgage Escrow Amounts based upon the amount of such premiums and Impositions paid for the preceding year, subject to adjustment as and when the amount of such premiums and Impositions are ascertained by Grantor.
It is expressly acknowledged and agreed that the Beneficiary shall have no obligation whatsoever to advance any amounts in payment of all or any portion of such obligations to the extent that Mortgage Escrow Amounts received are insufficient to pay any such obligations as and when the same become due.
Grantor shall pay into a segregated account (the "Mortgage Escrow --------------- Account"), amounts sufficient to discharge the obligations of Grantor under ------- Sections 5 and 7(a) hereof as and when they become due (such amounts, the ------------------- "Mortgage Escrow Amounts").
Subject to its right of contest set forth in Section 7(c), the Mortgagor shall pay all Impositions which are attributable to or affect each of the Properties or the Mortgagor with respect to each of the Properties, prior to the date such Impositions shall become delinquent or late charges may be imposed thereon, directly to the applicable taxing authority with respect thereto, unless and to the extent the Beneficiary shall pay such Impositions from any Mortgage Escrow Amounts pursuant to Section 8 hereof.
During each month thereafter, Beneficiary shall require payment with respect to the annual Mortgage Escrow Amounts of a sum equal to one-twelfth thereof, so that as each installment of such premiums and Impositions shall become due and payable, Grantor shall have paid a sum sufficient to pay the same.
Any Mortgage Escrow Amounts paid by the Grantor (or Mortgage Escrow Security posted with the Beneficiary) in excess of the actual obligations for which they were required, shall be held and applied to the obligations for the ensuing year or otherwise applied in accordance with the terms of the Loan Documents.
In the absence of such acceleration, any Mortgage Escrow Amounts held by Securities Intermediary that exceed the actual obligations for which they were retained, shall be held and applied to the next due obligations or otherwise applied by Lender in accordance with the terms hereof.
During each month thereafter, Lender shall require payment with respect to the annual Mortgage Escrow Amounts of a sum equal to one-twelfth thereof, so that as each installment of such premiums and Impositions becoming due and payable, Borrower shall have paid a sum sufficient to enable Lender to pay the same.
During each month thereafter, Beneficiary shall require payment with respect to the annual Mortgage Escrow Amounts of a sum equal to one- twelfth thereof, so that as each installment of such premiums and Impositions shall become due and payable, Grantor shall have paid a sum sufficient to pay the same.
Any Mortgage Escrow Amounts retained by Mortgagee in excess of the actual obligations for which they were retained, shall be held and applied to such obligations for the ensuing year.