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.
Upon receipt of such Bonds pursuant to the foregoing, F▇▇▇▇▇▇ Mac shall have the right (in its sole discretion) to exercise any and all rights and remedies as the sole holder of such Bonds under the related Bond Documents and Bond Mortgage Documents, including, but not limited to, the right to foreclose on the related mortgage.
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.
Presentation at Utah’s Early Childhood Special Education Conference, Provo, UT.
All payments due under the terms of the related Bond Documents and Bond Mortgage Documents have been made.
Except as set forth on Schedule D, each Owner has established all escrows and reserves required by the Bond Mortgage and the Bond Mortgage Documents.