Application of Payment. Any payment made on account of this Deed of Trust shall be applied (i) first to the payment of late charges and interest, if any, (ii) second, to any amounts advanced by the Beneficiary pursuant to the Deed of Trust and (iii) third, to the principal balance of the Loan.
Appears in 4 contracts
Sources: Deed of Trust, Deed of Trust, Deed of Trust
Application of Payment. Any payment made on account of this Deed of Trust shall be applied (i) first to the payment of late charges and interest, if any, (ii) second, to any amounts advanced by the Beneficiary pursuant to the Deed Paragraph 6 of Trust and (iii) thirdSection 2 below, to the principal balance of the Loan.and
Appears in 2 contracts
Sources: Deed of Trust, Deed of Trust