A Mortgage definition

A Mortgage means this A Mortgage and Security Agreement.
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A Mortgage means the A Mortgage and Security Agreement required to be delivered pursuant to Article X hereof in substantially the form of Exhibit B.
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A Mortgage given by the Borrower to the Department (the "Mortgage"), creating a junior lien on the real property located at 3100 Xxxxxxxxx Xxxxxx, Xxxxxxxxxxxx, Xxxxxxxxxxxx 00000-0000, xxntaining 1.64 acres more or less in Philadelphia County, Pennsylvania, subject to a first lien in favor of Pennsylvania Industrial Development Authority in the amount of $392,362 and a second lien in favor of CORESTATES BANK, N.A. (the "Bank"), securing certain indebtedness, including without limitation, bridge financing in the aggregate amount of $910,000 which bridge financing shall remain a second lien on the real property pending eventual settlement and disbursement of United States Small Business Administration 504 loans ("SBA Loans") in the aggregate amount of $910,000. Pursuant to a Mortgage Subordination Agreement of even date, the Bank agrees to subordinate the liens of its mortgages to the Mortgage to the extent the Bank's lien exceeds $910,000.
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Examples of A Mortgage in a sentence

  • A Mortgage Loan is “delinquent” if any payment due thereon is not made pursuant to the terms of such Mortgage Loan by the close of business on the day such payment is scheduled to be due.

  • A Mortgage Loan is “30 days delinquent” if such payment has not been received by the close of business on the corresponding day of the month immediately succeeding the month in which such payment was due, or, if there is no such corresponding day (e.g., as when a 30-day month follows a 31-day month in which a payment was due on the 31st day of such month), then on the last day of such immediately succeeding month.

  • Deleted Mortgage Loan: A Mortgage Loan replaced or to be replaced by a Substitute Mortgage Loan.

  • By: /s/ Xxxxxx Xxxx Its: Vice President Exhibit A Mortgage Loans (Available Upon Request) Exhibit B SERVICING AGREEMENT (Available Upon Request) I, _____________, Vice President of Xxxxx Fargo Home Mortgage, Inc.

  • By: /s/ Xxxxxx Xxxx Its: Vice President Exhibit A Mortgage Loans Exhibit B SERVICING AGREEMENT I, _____________, Vice President of Xxxxx Fargo Home Mortgage, Inc.

  • A Mortgage Loan's first Monthly Payment after the related Closing Date shall be considered "delinquent" if such Monthly Payment has not been received by the Purchaser by the fifteenth (15th) day of the month following the month in which the Monthly Payment was due.

  • A Mortgage Loan is “Delinquent” if any payment due thereon is not made pursuant to the terms of such Mortgage Loan by the close of business on the day such payment is scheduled to be due.

  • A Mortgage Loan is “30 days delinquent” if such payment has not been received by the close of business on the last day of the month immediately succeeding the month in which such payment was due.

  • A Mortgage Servicing Asset is a contract to service loans under which the estimated “benefits of servicing” (revenues from contractually specified servicing fees, late charges, and other ancillary sources including “float”) are expected to more than adequately compensate the servicer for performing the servicing.

  • A Mortgage that a Broker or Correspondent completely or partially originated, processed, underwrote, packaged, funded or closed is not considered a Retail Mortgage.


More Definitions of A Mortgage

A Mortgage means the A Mortgage and Security Agreement required to be delivered pursuant to Article X hereof in substantially the form of Exhibit B. “A Mortgage Supplement” means the A Mortgage Supplement to the A Mortgage, substantially in the form of Exhibit A to the A Mortgage.
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A Mortgage. Loan shall cease to be a Required Appraisal Loan if and when, following the occurrence of the most recent Appraisal Trigger Event, any and all Servicing Transfer Events with respect to such Mortgage Loan have ceased to exist and no other Appraisal Trigger Event has occurred with respect thereto during the preceding ninety (90) days. For so long as any Mortgage Loan or REO Mortgage Loan remains a Required Appraisal Loan, the applicable Special Servicer shall, within 30 days of each anniversary of such Mortgage Loan's having become a Required Appraisal Loan, obtain (or, if such Required Appraisal Loan has a Stated Principal Balance of $2,000,000 or less, at the applicable Special Servicer's option, conduct) an update of the prior Appraisal. If such update is obtained from a Qualified Appraiser, the cost thereof shall be covered by, and be reimbursable as, a Servicing Advance, such Advance to be made at the direction of the applicable Special Servicer when the Appraisal is received by the applicable Special Servicer. Promptly following the receipt of, and based upon, such update, the applicable Special Servicer shall redetermine, in consultation with the Controlling Class Representative, and report to the Certificate Administrator, the Trustee and the applicable Master Servicer the then applicable Appraisal Reduction Amount, if any, with respect to the subject Required Appraisal Loan. Promptly following the receipt of, and based upon, such update, in the case of the RREEF Textron Mortgaged Property, the RREEF Textron Special Servicer shall also redetermine, and report to the Trustee, the applicable Master Servicer, the Controlling Class Representative and the RREEF Textron B-Note Holder, the Appraisal Reduction Amount, if any, with respect to the RREEF Textron Mortgage Loan Pair (calculated as if it was a single Pooled Mortgage Loan). The Controlling Class Representative and, insofar as the case of the RREEF Textron B-Note Loan is affected, the RREEF Textron B-Note Holder, each shall have the right at any time within six months of the date of the receipt of any Appraisal to require that the applicable Special Servicer obtain a new Appraisal of the subject Mortgaged Property in accordance with MAI standards, at the expense of the Controlling Class Certificateholders or the RREEF Textron B-Note Holder, as applicable. Upon receipt of such Appraisal the applicable Special Servicer shall deliver a copy thereof to the Trustee, the applicable Master Servicer, the Co...
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A Mortgage is defined in Section 7.27(a) hereof.
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A Mortgage means each mortgage and deed of trust described on Exhibit C hereto, as the same may be supplemented, amended, restated or otherwise modified from time to time and any mortgage or deed of trust entered into in substitution therefor or replacement thereof.
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Related to A Mortgage

  • Blanket Mortgage The mortgage or mortgages encumbering a Cooperative Property.

  • Mortgage shall have the meaning assigned to such term in the recitals.

  • First Mortgage means a Mortgage that constitutes a first Lien on the real property and improvements described in or covered by that Mortgage.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Ship Mortgage means a Ship Mortgage or Additional Ship Mortgage substantially in the form of Exhibit E-2 to the 2008 Credit Agreement (with such changes as are reasonably consented to by the Collateral Agent to account for local law matters) made by the applicable Loan Party in favor of Collateral Agent for the benefit of the Secured Parties, as the same may be amended, supplemented or otherwise modified from time to time, together with an Earnings Assignment and an Insurance Assignment made by the applicable Loan Party for each Mortgaged Vessel, and such other agreements reasonably acceptable to Collateral Agent as shall be necessary to comply with applicable requirements of law and effective to grant in favor of Collateral Agent for the benefit of the Secured Parties a first preferred mortgage within the meaning of the Ship Mortgage Act on the Mortgaged Vessel covered thereby, subject only to Permitted Liens.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Split Mortgage Loan Any Mortgage Loan that is part of a Loan Combination. The only Split Mortgage Loans that are assets of the Trust as of the Closing Date are those that have the respective loan numbers (as set forth on the Mortgage Loan Schedule) listed on the Loan Combination Table under the column heading “Loan No. for related Mortgage Loan.”

  • Fee Mortgage Any mortgage, pledge agreement, security agreement, assignment of leases and rents, fixture filing or similar document creating or evidencing a lien on Landlord’s interest in the Leased Property or any portion thereof (or an indirect interest therein, including without limitation, a lien on direct or indirect interests in Landlord) in accordance with the provisions of Article XXXI hereof.

  • Reverse mortgage means a nonrecourse loan under which both of the following apply:

  • Second Mortgage means a mortgage from which the proceeds of a loan or other extension of credit made by a third person are secured by a mortgage on the real property for which the mortgagor has used the proceeds of the loan or other extension of credit to pay all or part of the purchase price of the property.

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

  • Aircraft Mortgage means each Aircraft and Engine mortgage and security agreement entered into by any Borrower in favor of the Agent evidencing the Liens in respect of such Aircraft Collateral that will secure the Obligations, in each case as amended, modified, restated, supplemented or replaced from time to time.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

  • Existing Mortgages means any mortgage, deed of trust or deed delivered pursuant to the Existing Credit Agreement including any amendments, modifications, restatements or assignments thereof.

  • Facility Mortgage As defined in Section 13.1.

  • Group 4 Mortgage Loan Each Mortgage Loan listed on Exhibit D-4 hereto.

  • REO Mortgage Loan Any Mortgage Loan which is not a Liquidated Loan and as to which the indebtedness evidenced by the related Mortgage Note is discharged and the related Mortgaged Property is held as part of the Trust Estate.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • MERS Mortgage Loan Any Mortgage Loan registered with MERS on the MERS System.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Jumbo Mortgage Loan Unless defined otherwise in the Transactions Terms Letter, a first lien Mortgage Loan (i) for which the original loan amount is greater than the applicable conventional conforming loan limits set by the Federal Housing Finance Authority in the jurisdiction where the related Mortgaged Property is located and (ii) which meets the transaction requirements set forth on Schedule 1 of the Transactions Terms Letter.