Mortgage Payments. 1. Mortgage payments shall be deposited into the custodial bank accounts and related bank clearing accounts within two business days of receipt.
2. Mortgage payments made in accordance with the mortgagor’s loan documents shall be posted to the applicable mortgagor records within two business days of receipt.
3. Mortgage payments shall be allocated to principal, interest, insurance, taxes or other escrow items in accordance with the mortgagor’s loan documents.
4. Mortgage payments identified as loan payoffs shall be allocated in accordance with the mortgagor’s loan documents.
Mortgage Payments. Payments to current Department of State employees or contractors.
Mortgage Payments. Where the Annuitant or the Annuitant’s principal beneficiary has received a written notice in respect of a default on a mortgage that is secured against the principal residence of the Annuitant or the Annuitant's principal beneficiary which will result in foreclosure or power of sale if the default is not rectified, the amount required to rectify the default;
Mortgage Payments. Where the owner or the owner’s principal beneficiary has received a written notice in respect of a default on a mortgage that is secured against the principal residence of the owner or the owner's principal beneficiary which will result in foreclosure or power of sale if the default is not rectified, the amount required to rectify the default;
Mortgage Payments. If you must make all the mortgage payments (principal and inter- est) on a jointly-owned home, and they other-
Mortgage Payments. Received After the Related Transfer Date. The amount of any related Monthly Payments received by the Seller after the related Transfer Date shall be forwarded to the Purchaser by wire transfer twice weekly. The Seller shall notify the Purchaser of the particulars of the payment, which notification requirement shall be satisfied if the Seller forwards with its payment sufficient information to permit appropriate processing of the payment by the Purchaser. The Seller shall assume full responsibility for the necessary and appropriate legal application of such Monthly Payments received by the Seller after the related Transfer Date with respect to related Mortgage Loans then in foreclosure or bankruptcy; provided, for purposes of this Agreement, necessary and appropriate legal application of such Monthly Payments shall include, but not be limited to, endorsement of a Monthly Payment to the Purchaser with the particulars of the payment such as the account number, dollar amount, date received and any special Mortgagor application instructions and the Seller shall comply with the foregoing requirements with respect to all Monthly Payments received by the it after the related Transfer Date.
Mortgage Payments. The Xxxxxx Center for Housing carries the mortgage initially on all the Xxxxxx homes. The Xxxxxx home loans are 0% interest loans. Homeowners are required to pay a monthly mortgage payment. The payment is calculated based on the selling price of the house and your income. A portion of the mortgage payment is applied to the principle and the remainder is deposited into an escrow account to pay insurance premiums and city/parish taxes. Mortgage documents will be executed at your closing.
Mortgage Payments. Owner shall provide Operator with a copy of any Mortgages on the Hotel. At Owner’s request and if monies in the General Account are available, Operator shall make payments due under the Mortgage on or before their due date. Owner shall be solely responsible for payment of any late fees or interest resulting from a late payment due under the Mortgage if monies are not available in the General Account sufficient to make payments on or before their due date. Operator shall endeavor to comply with all covenants under any Mortgage within the authority granted to Operator under this Agreement.
Mortgage Payments. Mortgage payments shall be deposited to the Collection Account within one Business Day following receipt in accordance with Section 3.02 (b) of the Master Central Servicing Agreement.
Mortgage Payments. Owner agrees that the Property is not subject to current legal action or foreclosure. Owner agrees to keep any and all accounts associated with the Mortgage, Lines of Credit to said Property, property taxes, association fees and or any other obligations which could lead to a foreclosure action against said Property current at all times during this Agreement. Owner agrees to notify Agent if such payments are not current. If Agent is made aware of any such default and or a foreclosure is a real possibility, in Agent’s sole opinion, Agent may terminate this Agreement. If Agent chooses to terminate the Agreement on this basis, Owner remains responsible for any outstanding balances owed and future Management fees owed to Agent.
