Assignment of Mortgage Note and Mortgage definition

Assignment of Mortgage Note and Mortgage means the assignment to the Authority of all of the right, title and interest in a Mortgage Note and Mortgage, in the form prescribed from time to time by the Authority, to be executed by an Originator.
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Assignment of Mortgage Note and Mortgage means the instrument completed and executed by the Mortgage Lender, in recordable form, and pursuant to which a Mortgage Lender assigns and delivers the related Mortgage and endorses the Mortgage Note to the Servicer in connection with the purchase of the related Mortgage Loan by the Servicer.
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Assignment of Mortgage Note and Mortgage means the form acceptable to the Servicer completed and executed by the Lender, in recordable form, and pursuant to which a Lender assigns and delivers the related Mortgage and endorses the Mortgage Note to the Servicer in connection with the purchase of the related Mortgage Loan by the Servicer.
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Examples of Assignment of Mortgage Note and Mortgage in a sentence

  • Prior to the delivery of the Mortgage File to the Servicer in connection with the Purchase of a Mortgage Loan, the Mortgage Lender shall prepare (for filing in connection with a loan Purchase) an Assignment of Mortgage Note and Mortgage in all offices necessary to perfect the assignment of the Mortgage on behalf of the Servicer under the laws of the State.

  • The Mortgage Lender shall further perform any other action or deed as the Servicer may direct to cause the proper filing or recording (or refiling or re-recording, if necessary) of the Mortgage and the Assignment of Mortgage Note and Mortgage in such other places and in such other manner, form or condition satisfactory to the Servicer as is necessary to perfect the Servicer’s interest in each such Mortgage Note and related Mortgage.

  • The original recorded Mortgage and original recorded Assignment of Mortgage Note and Mortgage and the final Title Guaranty Certificate and FHA Mortgage Insurance Certificate or VA Loan Guaranty Certificate or USDA Rural Development Guaranty must be submitted to the Servicer within sixty (60) days from the Purchase Date of the subject Mortgage Loan.

Related to Assignment of Mortgage Note and Mortgage

  • Mortgage Note The original executed note or other evidence of indebtedness evidencing the indebtedness of a Mortgagor under a Mortgage Loan.

  • 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.

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

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