Custodial property Sample Clauses

Custodial property. The proceeds from a lease of custodial property will be applied to the borrower’s account as an extra payment unless foreclosure proceedings require that such pay- ments be held in suspense.
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Custodial property. “Property damage” to any property in any Insured’s care, custody or control.
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Custodial property. Borrower-owned real property and improvements which serve as security for an Rural Develop- ment loan, have been abandoned by the borrower, and of which the respective Agency has taken possession. Xxxxxx program loans. This includes Farm Ownership (FO), Soil and Water (SW), Recreation (RL), Economic Op- portunity (EO), Operating (OL), Emer- gency (EM), Economic Emergency (EE), Special Livestock (SL), Softwood Timber (ST) loans, and Rural Housing loans for farm service buildings (RHF). Government. The United States of America, acting through the respective agency, U.S. Department of Agri- culture. Indian reservation. All land located within the limits of any Indian reserva- tion under the jurisdiction of the United States notwithstanding the issuance of any patent, and including rights-of-way running through the res- ervation; trust or restricted land lo- cated within the boundaries of a former reservation of a federally recognized Indian tribe in the State of Oklahoma; or all Indian allotments the Indian ti- tles to which have not been extin- guished if such allotments are subject to the jurisdiction of a federally recog- nized Indian tribe. Inventory property. Real and chattel property and related rights to which the Government has acquired title. Loans to individuals. Xxxxxx Program loans, as defined above, whether to in- dividuals or entities; Land Conserva- tion and Development (LCD); and Sin- gle-Family Housing (SFH), including both Sections 502 and 504 loans. Loans to organizations. Community Facility (CF), Water and Waste Dis- posal (WWD), Association Recreation, Watershed (WS), Resource Conserva- tion and Development (RC&D), loans to associations for Irrigation and Drain- age and other Soil and Water Conserva- tion measures, loans to Indian Tribes and Tribal Corporations, Shift-in-Land- Use (Grazing Associations) Business and Industrial (B&I) to both individ- uals and groups, Rural Development RHS, RBS, RUS, FSA, USDA § 1955.54 Loan Fund (RDLF), Intermediary Re- lending Program (IRP), Nonprofit Na- tional Corporation (NNC), Economic Opportunity Cooperative (EOC), Rural Housing Site (RHS), Rural Cooperative Housing (RCH), and Rural Rental Hous- ing (RRH) and Labor Housing (LH) to both individuals and groups. The hous- ing-type loans identified here are re- ferred to in this subpart collectively as MFH loans.
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Custodial property. Custodial property may be leased pending fore- closure with the servicing official ap- proving the lease on behalf of the Agency.
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Related to Custodial property

  • CUSTODIAL ACCOUNTS It is agreed that all accounts opened under the Uniform Gift to Minors Act (UGMA), the Uniform Transfers to Minors Act (UTMA), or similar state statutes will be properly created and that all property so transferred will be done in compliance with such applicable statutes. There will be good faith reliance upon the instructions given, representations made and actions taken by a transferor or custodian. Further, the custodian represents and warrants that the assets in the account belong to the minor and that all such assets, whether or not transferred out of the UGMA or UTMA account, will only be used for the benefit of the minor.

  • Custodial Care Any service or supply, including room and board, which:

  • Custodial Services The charges and expenses of the custodian appointed by the Trust for custodial services;

  • B8 Property B8.1 Where the Client issues Property free of charge to the Contractor such Property shall be and remain the property of the Client and the Contractor irrevocably licences the Client and its agents to enter upon any premises of the Contractor during normal business hours on reasonable notice to recover any such Property. The Contractor shall not in any circumstances have a lien or any other interest on the Property and the Contractor shall at all times possess the Property as fiduciary agent and bailee of the Client. The Contractor shall take all reasonable steps to ensure that the title of the Client to the Property and the exclusion of any such lien or other interest are brought to the notice of all sub-contractors and other appropriate persons and shall, at the Client’s request, store the Property separately and ensure that it is clearly identifiable as belonging to the Client.

  • Custodial Account Funds in any custodial accounts established by the Servicer and maintained in respect of the REMIC may be invested and, if invested, shall be invested in Eligible Investments selected by the Servicer which shall mature not later than the Business Day immediately preceding the next Remittance Date, and any such Eligible Investment shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the REMIC or its nominee. All income and gain realized from any such investment shall be, as long as the Servicer is servicing the Mortgage Loans held by the REMIC, for the benefit of the Servicer as additional compensation and shall be subject to its withdrawal or order from time to time. The amount of any losses incurred in respect of any such investments shall be deposited in the relevant account by the Servicer out of its own funds immediately as realized. The foregoing requirements for deposit in such account are exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments of interest on funds in such account and, as long as the Servicer is servicing the Mortgage Loans held by the REMIC, payments in the nature of prepayment fees, late payment charges, assumption fees or any similar fees customarily associated with the servicing mortgage loans paid by any mortgagor need not be deposited by the Servicer in such account and may be retained by the Servicer as additional servicing compensation. If the Servicer deposits in such account any amount not required to be deposited therein, it may at any time withdraw such amount, any provision herein to the contrary notwithstanding.

  • INTERIM ASSET SERVICING ARRANGEMENT (a) With respect to each asset (or liability) designated from time to time by the Receiver to be serviced by the Assuming Bank pursuant to this Arrangement (such being designated as "Pool Assets"), during the term of this Arrangement, the Assuming Bank shall:

  • Mortgage Lessee does hereby agree to make reasonable modifications of this Lease requested by any Mortgagee of record from time to time, provided such modifications are not substantial and do not increase any of the Rents or obligations of Lessee under this Lease or substantially modify any of the business elements of this Lease.

  • Special Assessment Liens Certified, confirmed, and ratified special assessment liens as of the Closing will be paid by the Seller. If a certified, confirmed, and ratified special assessment is payable in installments, the Seller will pay all installments due and payable on or before the Closing, with any installment for any period extending beyond the Closing prorated, and the Buyer will assume all installments that become due and payable after the Closing. The Buyer shall be responsible for all assessments of any kind which become due and owing after the Closing, unless an improvement is substantially completed as of the Closing. If an improvement is substantially completed as of the Closing but has not resulted in a lien before Closing, the Seller will pay an amount of the last estimate of the assessment. This subsection applies to special assessment liens imposed by a public body and does not apply to condominium association special assessments.

  • Real Property (a) Neither the Company nor any of its Subsidiaries owns any real property.

  • Pledge, Mortgage or Charge as Collateral for a Loan You may pledge, mortgage or charge your escrow securities to a financial institution as collateral for a loan, provided that no escrow securities or any share certificates or other evidence of escrow securities will be transferred or delivered by the Escrow Agent to the financial institution for this purpose. The loan agreement must provide that the escrow securities will remain in escrow if the lender realizes on the escrow securities to satisfy the loan.

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