Multifamily Deed of Trust Sample Clauses

Multifamily Deed of Trust. Assignment of Rents and Security Agreement (with Fixture Filing), executed by the Partnership to First American Title Company, as trustee, for the benefit of the Lender (collectively, the "Lender Deed of Trust"), granting a security interest in the Project as more specifically described in the Lender Deed of Trust;
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Multifamily Deed of Trust. Assignment of Rents and Security Agreement (with Fixture Filing), executed by the Partnership to First American Title Company, as trustee, for the benefit of Fannxx Xxx (xxllectively, the "Fannxx Xxx Deed of Trust"), granting a security interest in the Project, as more specifically described in the Fannxx Xxx Xxxd of Trust;
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Multifamily Deed of Trust. Assignment of Rents and Security Agreement dated as of December 27, 2000 executed by Original Borrower in favor of Original Lender. ____________________________________________________________________________________________________________________________________________ ASSUMPTION AGREEMENT Page B-1 Multifamily - For Use with Electronic Mortgage Documents (8/13/2004) EXHIBIT C REQUIRED (Changes to Loan Documents)
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Multifamily Deed of Trust. Absolute Assignment of Leases and Rents, and Security Agreement (Including Fixture Filing), dated as of January 31, 2012, executed and delivered by Borrower to Wxxxxxx Dxxxx Xxxxx, as trustee, for the benefit of Original Lender, recorded on January 31, 2012, as Instrument No. 2012013100232 , in Book GI 9565, Page 352, in the Official Records of Hxxxxxxx County, Tennessee (the “Security Instrument”);
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Multifamily Deed of Trust. Assignment of Rents and Security Agreement, dated as of August 18, 2004 by Homeplace New Bern Transferor for the benefit of Homeplace New Bern Original Lender.
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Multifamily Deed of Trust. ASSIGNMENT OF RENTS AND SECURITY AGREEMENT (Including Fixture Filing) (TENNESSEE) (FOR USE WITH BOND ENHANCEMENTS - REVISION DATE 7-7-2009) Maximum Principal Indebtedness for Tennessee Recording Tax Purposes is $_______________. FHLMC Loan No. __________ MULTIFAMILY DEED OF TRUST, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT (TENNESSEE) (FOR USE WITH BOND ENHANCEMENTS - REVISION DATE 7-7-2009) THIS MULTIFAMILY DEED OF TRUST, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT (the "Instrument") is made as of this_____ day of __________,______, among ________________________________________________________ a______________________________ organized and existing under the laws of __________________________________, whose address is________________________ ____________________________________________________, as grantor ("Borrower"), to _________________________________, as trustee[, a resident of ____________________ County, Tennessee] [, whose address is __________________________________________, _____________, Tennessee,] ("Trustee"), for the benefit of FEDERAL HOME LOAN MORTGAGE CORPORATION, a shareholder‑owned government‑sponsored enterprise organized and existing under the laws of the United States of America, whose address is 0000 Xxxxx Xxxxxx Drive, McLean, Virginia 22102, as beneficiary ("Lender"). Borrower's organizational identification number, if applicable, is . This Instrument covers property which is or may become so affixed to real property as to become fixtures and also constitutes a fixture filing under § 47-9-502 of Tennessee Code Annotated. NOTICE PURSUANT TO § 00-00-000 OF TENNESSEE CODE ANNOTATED. This Instrument secures obligatory advances for commercial purposes as such terms are defined in §§ 00-00-000 and 00-00-000 of Tennessee Code Annotated. Borrower, in consideration of the Indebtedness and the trust created by this Instrument, irrevocably grants, conveys, bargains, sells, confirms and assigns to Trustee, in trust, with power of sale, the Mortgaged Property, including the Land located in County, State of Tennessee and described in Exhibit A attached to this Instrument. TO SECURE TO LENDER the payment of the Indebtedness, including, without limitation, all sums owing or which become owing by Borrower to Lender under the Reimbursement Agreement and advanced by or on behalf of Lender to protect the security of this Instrument under Section 12, and the performance of the covenants and agreements of Borrower contained in the Loan Documents. Borro...
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Related to Multifamily Deed of Trust

  • Deed of Trust If the related Mortgage is a deed of trust, a trustee, duly qualified under applicable law to serve as such, is properly designated and serving under such Mortgage.

  • Mortgages; Deeds of Trust The Company has provided to the Sales Agent true and complete copies of all credit agreements, mortgages, deeds of trust, guaranties, side letters, and other material documents evidencing, securing or otherwise relating to any secured or unsecured indebtedness of the Company or any of its subsidiaries, and none of the Company and its subsidiaries that is party to any such document is in default thereunder, nor has an event occurred which with the passage of time or the giving of notice, or both, would become a default by any of them under any such document.

  • Trustee under Deed of Trust With respect to each Mortgage which is a deed of trust, as of the date of origination and, to the Mortgage Loan Seller’s knowledge, as of the Closing Date, a trustee, duly qualified under applicable law to serve as such, currently so serves and is named in the deed of trust or has been substituted in accordance with the Mortgage and applicable law or may be substituted in accordance with the Mortgage and applicable law by the related Mortgagee.

  • Assignment of Leases and Rents There exists as part of the related Mortgage File an Assignment of Leases (either as a separate instrument or incorporated into the related Mortgage). Subject to the Permitted Encumbrances and the Title Exceptions, each related Assignment of Leases creates a valid first-priority collateral assignment of, or a valid first-priority lien or security interest in, rents and certain rights under the related lease or leases, subject only to a license granted to the related Mortgagor to exercise certain rights and to perform certain obligations of the lessor under such lease or leases, including the right to operate the related leased property, except as the enforcement thereof may be limited by the Standard Qualifications. The related Mortgage or related Assignment of Leases, subject to applicable law, provides that, upon an event of default under the Mortgage Loan, a receiver is permitted to be appointed for the collection of rents or for the related Mortgagee to enter into possession to collect the rents or for rents to be paid directly to the Mortgagee.

  • Mortgages and Deeds of Trust The notes secured by the mortgages and deeds of trust encumbering the Portfolio Properties (except with respect to each property described in the Prospectus as held by the Company through a joint venture) are not convertible, except where the conversion of such notes would not have a Material Adverse Effect, and said mortgages and deeds of trust are not cross-defaulted or cross-collateralized to any property that is not a Portfolio Property, except where such cross-default or cross-collateralization, if triggered, would not have a Material Adverse Effect.

  • Security Instrument Borrower will execute the Security Instrument dated of even date with this Loan Agreement. The Security Instrument will be recorded in the applicable land records in the Property Jurisdiction.

  • Deeds of Trust In the event the Mortgage constitutes a deed of trust, a trustee, authorized and duly qualified under applicable law to serve as such, has been properly designated and currently so serves and is named in the Mortgage, and no fees or expenses are or will become payable by the Purchaser to the trustee under the deed of trust, except in connection with a trustee's sale after default by the Mortgagor;

  • Security Agreement and Fixture Filing This Deed constitutes a security agreement under the Uniform Commercial Code as adopted in the State of Utah with respect to the Chattels and such other of the Mortgaged Property which is personal property or which are fixtures and not yet realty. Grantor desires and intends that this Deed also constitute a Fixture Filing between Grantor as debtor and Beneficiary as secured party. To this end, Grantor acknowledges (a) that this Deed covers goods which are or are to become fixtures, (b) this financing statement is to be recorded in the real estate records, (c) Grantor is the record owner of the Premises and (d) products of collateral are also covered. No financing statement covering the personal property or any portion thereof is on file in any public office, other than financing statements with respect to obligations assumed by Grantor in connection with its purchase thereof from Promus Florida. Grantor will not remove or permit the removal of the collateral or any part thereof without the prior written permission of Beneficiary. In addition to the rights and remedies granted to Beneficiary by other applicable law or hereby, Beneficiary shall have all of the rights and remedies with respect to the Chattels and such other personal property as are granted to a secured party under the Uniform Commercial Code as adopted in the State of Utah. Upon Beneficiary's request after an Event of Default, Grantor shall promptly and at its expense assemble the Chattels and such other personal property and make the same available to Beneficiary at a convenient place acceptable to Beneficiary. Grantor, after an Event of Default, shall pay to Beneficiary on demand, with interest at the Default Rate, any and all expenses, including attorneys' fees, incurred by Beneficiary in protecting its interest in the Chattels and such other personal property and in enforcing its rights with respect thereto. Any notice of sale, disposition or other intended action by Beneficiary with respect to the Chattels and such other personal property sent to Grantor in accordance with the provisions hereof at least five (5) days prior to such action shall constitute reasonable notice to Grantor. The proceeds of any such sale or disposition, or any part thereof, may be applied by Beneficiary to the payment of the indebtedness secured hereby in such order and proportions as Beneficiary in its discretion shall deem appropriate. To the extent Grantor may lawfully do so and without limiting any rights and/or privileges herein granted to Beneficiary, Grantor agrees that Beneficiary and/or Trustee and any successor Trustee may dispose of any or all of the Chattels at the same time and place and after giving the same notices provided in this Deed in connection with a non-judicial foreclosure sale under the terms and conditions set forth in Article II, Section 2.01, or III of this Deed. In this connection, Grantor agrees that the sale may be conducted by Trustee or successor Trustee; that the sale of the real estate and improvements described in this Deed and the Chattels or any part thereof, may be sold separately or together; and that in the event the Premises and the Chattels or any part thereof are sold together, Beneficiary will not be obligated to allocate the consideration received as between the Premises and the Chattels.

  • Security Agreement The words "Security Agreement" mean and include without limitation any agreements, promises, covenants, arrangements, understandings or other agreements, whether created by law, contract, or otherwise, evidencing, governing, representing, or creating a Security Interest.

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