Bond Mortgage Documents definition
Examples of Bond Mortgage Documents in a sentence
The Sponsor has complied with all applicable laws, regulations and administrative requirements, state, local and federal, which would affect in any material respect the enforceability of the Bond Mortgage Documents against the Owner, and the Bond Mortgage Documents comply with all applicable laws, regulations and requirements with respect to usury.
The Owner has no rights of offset, defense, counterclaim or rescission with respect to the Bond Mortgage Documents.
All taxes, water and sewer charges, ground rents, governmental assessments and other similar charges having a lien, or which would create a lien upon the Mortgaged Property if unpaid by their payment due date, have been paid, or amounts sufficient to cover the same in the ordinary course have been escrowed under the Bond Mortgage Documents consistent with the requirements of such Bond Mortgage Documents.
Except as described on Schedule B, (i) all payments due under the terms of the Bond Mortgage Documents have been made, and there have been no delinquencies of 30 days or more since the origination of the Bond Mortgage, (ii) there are no material non-monetary defaults under the terms of the Bond Mortgage Documents, and (iii) there have been no material non-monetary defaults which have remained uncured for 30 days or more since the date of the origination of the Bond Mortgage.
The Sponsor has complied with all laws relating to licensing, qualification to do business and approval to originate mortgages in the state in which the Mortgaged Property is located to the extent necessary to ensure the validity and enforceability of the Bond Mortgage Documents and performance of the Sponsor’s obligations under this Agreement.
Except as described on Schedule D, (i) there have been no delinquencies of 30 days or more since the origination of the Bond Mortgage that have not been cured, (ii) there are no existing material non-monetary defaults under the terms of the Bond Mortgage Documents, and (iii) there have been no material non-monetary defaults since the date of the origination of the Bond Mortgage that remain uncured.
CPI has remained in the 4.5% - 5.5% band YTD, lower than levels yoy.
The related Bond Mortgage Documents are not cross-defaulted (except to other indebtedness of the Borrower related to the Mortgaged Property), and the related Bond Mortgage is not cross-collateralized with any other transaction except as described on Schedule D.
All payments due under the terms of the related Bond Documents and Bond Mortgage Documents have been made.
Taxes The Bond Mortgage Documents permit Owner to own Berrendo Square Apartments (the “Berrendo Project”) and personal property related to the Berrendo Project and to operate and manage the Berrendo Project.