Common use of Prepayment in Full Clause in Contracts

Prepayment in Full. Lender shall not make Loan Advances if Borrower has paid the Note in full.

Appears in 4 contracts

Sources: Home Equity Conversion Mortgage Loan Agreement, Home Equity Conversion Mortgage Loan Agreement, Home Equity Conversion Mortgage Loan Agreement

Prepayment in Full. The Lender shall not make Loan Advances if the Borrower has paid the Note in full.

Appears in 1 contract

Sources: Hecm Fixed Interest Rate Loan Agreement