The Mortgagor. The Mortgagor is one or more natural persons and/or an Illinois land trust or a “living trust” and such “living trust” is in compliance with the Underwriting Guidelines;
The Mortgagor. The Mortgagor is one or more natural persons and/or an Illinois land trust or a "living trust" and such "living trust" is in compliance with Xxxxxx Mae or Xxxxxxx Mac guidelines. In the event the Mortgagor is a trust, the trustee of such trust is a natural person and is an obligor under the Mortgage Note in his or her individual capacity;
The Mortgagor. The Mortgagor is one or more natural persons and/or trustees for an Illinois land trust or a trustee under a “living trust” and such “living trust” is in compliance with Xxxxxx Xxx or Freddie Mac Guide and the related Underwriting Guidelines applicable at the time of origination of the related Mortgage Loan. In the event the Mortgagor is a trustee of a “living trust,” such trustee is a natural person and is an obligor under the Mortgage Note in his or her individual capacity. As of the time of origination, the Mortgagor was legally entitled to reside in the United States. Evidence of residency status for a the Mortgagor has been validated in accordance with the Underwriting Guidelines. The Mortgagor was not the subject of a bankruptcy proceeding that was dismissed or discharged in the seven (7) years (or such other time period required pursuant to the Underwriting Guidelines) prior to the origination of the Mortgage Loan. The Mortgagor has not previously owned a property with respect to which a foreclosure sale was completed or with respect to which title was conveyed to the originator or a deed in lieu of foreclosure was given, in each case for which the Mortgagor was the borrower or owner of record, in the seven (7) years (or such other time period required pursuant to the Underwriting Guidelines) prior to the origination of the related Mortgage Loan.
The Mortgagor. The Mortgagor may not assign or transfer any of its rights or obligations under this Deed.
The Mortgagor. The Mortgagor is one (1) or more natural persons aged sixty-two (62) or older.
The Mortgagor. The Mortgagor may not assign or transfer any of its rights or obligations under this Mortgage without the consent of the Bank.
The Mortgagor. Except as set forth on Schedule 5-A(h), the Mortgagor is one or more natural persons aged sixty-two (62) or older who is not deceased and (to the extent required under Underwriting Guidelines) is otherwise an eligible borrower under the HUD Handbook. Except as set forth on Schedule 5-A(h), for each Mortgage Loan where the related Xxxxxxxxx was married, both the Mortgagor and the spouse were co-borrowers with respect to the Mortgage Loan and both executed all of the related Mortgage Loan Documents and the Principal Limit on the Mortgage Loan was based on the age of the younger spouse. (i)
The Mortgagor. Any notice, demand or other instrument ------------- authorized by this Mortgage to be served on or given to the Mortgagor may be served on or given to the Mortgagor, at: Marriott Hotel Properties Limited Partnership c/o Host Marriott Corporation Dept. 72/924.25 00000 Xxxxxxxx Xxxx Xxxxxxxx, Xxxxxxxx 00000 Attention: Partnership Services Copy to: Host Marriott Corporation 00000 Xxxxxxxx Xxxx Xxxxxxxx, Xxxxxxxx 00000 Attention: General Counsel or at such other address as may have been furnished in writing to the Mortgagee by the Mortgagor.
The Mortgagor when authorized by resolution or resolutions of its board of directors, may from time to time execute, acknowledge, deliver, record and file mortgages supplemental to this Mortgage which thereafter shall form a part hereof, for the purpose of formally confirming this Mortgage as security for the notes. Nothing herein contained shall require the execution and delivery by the Mortgagor of a supplemental mortgage in connection with the Issuance hereunder or the securing hereby of notes except as hereinafter provided In Section 12 of Article II hereof.
The Mortgagor. The Mortgagors shall not assign any of their rights hereunder.
