City Mortgage definition

City Mortgage means the mortgage of real estate and assignment of leases, rents, issues and profits securing the City Loan and made, executed and delivered by the Developer to the City in connection with the City Loan.
Sample 1
City Mortgage. The security interest created by a mortgage placed on each of the Fontana Parcel, the Xxxxxxx Parcel, and the Retail Parcel by the City of Apple Valley, Minnesota, pursuant to the terms of that certain Amended and Restated Development Assistance Agreement dated August 18, 2014 (as amended from time to time), by and between the City of Apple Valley, Minnesota, the Apple Valley Economic Development Authority, Minnesota, and IMH Special. Code: The Uniform Commercial Code, as amended from time to time, in effect in the state in which the Mortgaged Property is situated. Commencement Date: November 16, 2014.
Sample 1
City Mortgage means the mortgage agreement between Developer (Mortgagor) and the City (Mortgagee) in the form attached to the Third Amendment as Attachment 1.
Sample 1

Examples of City Mortgage in a sentence

  • The Company shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, "National City Mortgage Corp., in trust for the Purchaser of Conventional Residential Fixed Rate Mortgage Loans, Group No. 2001-1 and various Mortgagors".

  • The Company shall segregate and hold all funds collected and received pursuant to a Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled "National City Mortgage Corp in trust for the Purchaser of Conventional Residential Conventional Residential Fixed Rate Mortgage Loans, Group No. 2001-1 and various Mortgagors".

  • Xxxxxxxx with a copy to: National City Mortgage Co. 0000 Xxxxxxx Xxxxx Xxxxxxxxxx, XX 00000 Attention: X.

  • With respect to the National City Mortgage Loans and the period from such Bring-Down Date to and including the Closing Date, the Seller hereby makes the representations and warranties contained in Section 3.02 of the National City Purchase and Servicing Agreement with respect to each of the National City Mortgage Loans to and for the benefit of the Depositor, the Trustee and the Trust Fund.

  • Capital City Mortgage Corp., No. 1:98-CV-00237 (D.D.C. filed Jan.

  • If and to the extent that Owner JV’s lender accepts an assignment of the existing financing and Owner JV receives the benefit of all or any portion of the New York City Mortgage Tax paid by Hersha Owner in connection with its prior financings, Owner JV shall cause the Escrow Agent to credit to Hersha Owner on the Closing Statement an amount equal to fifty percent (50%) of such taxes paid for which Owner JV received such benefit.

  • Represents rank of the Corporation's mortgage banking subsidiary, National City Mortgage Co. The current quarter ranking is not yet available.

  • This is Amendment Xx. 0 (xxx "Xxxxxxxxx Xx. 0"), dated as November 21, 2001 (the "Amendment Date"), by and between Xxxxxx Brothers Bank, FSB (the "Purchaser"), and National City Mortgage Co. (the "Seller") to that certain Sellers Warranties and Servicing Agreement dated as of August 1, 2001 by and between the Seller and the Purchaser (the "Existing Servicing Agreement", as amended by this Amendment 1, the "Servicing Agreement").

  • As of the Cut-Off Date, National City is the Sub-Servicer with respect to the National City Mortgage Loans and in such capacity National City will be primarily responsible for the servicing of such Mortgage Loans.

  • Servicing Agreement National City Mortgage Company Servicing Agreement FT Mortgage Companies Servicing Agreement SunTrust Mortgage, Inc.


More Definitions of City Mortgage

City Mortgage means the mortgage to secure debt dated as of the Hotel Closing (in the form attached hereto as Exhibit J), executed by Xxxxxxxxx and delivered to the City as security for the Hotel Loan, as the same may be modified, supplemented or amended. Code means the Code of Iowa, 2017, as amended.
Sample 1
City Mortgage means that certain mortgage which is a first lien on Residential Developer’s fee interest in the Residential Parcel and all improvements thereon delivered by Residential Developer in favor of the City to secure the Residential Developer’s obligations under the City Note, which City Mortgage is delivered to the City at the Closing in accordance with this Agreement and the Purchase and Sale Agreement.
Sample 1

Related to City Mortgage

  • Facility Mortgage As defined in Section 13.1.

  • Facility Mortgagee means the holder of any Facility Mortgage.

  • Primary Mortgage Insurance Insurance obtained from a Primary Mortgage Insurer which insures the holder of a Mortgage Note against loss in the event the related Borrower defaults under such Mortgage Note or the related Security Instrument, including all riders and endorsements thereto.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • 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.

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

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

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

  • Leasehold Mortgage means a mortgage, a deed of trust, a deed to secure debt, or other security instrument by which the Leasehold is mortgaged, conveyed, assigned, or otherwise transferred to secure a debt or other obligation.

  • First Mortgagee means the holder of any First Mortgage.

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

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

  • Preliminary Mortgage Schedule As defined in Section 3.

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

  • Mortgagee means the mortgagee, grantee or beneficiary under any Mortgage, any holder of legal title to any portion of any Mortgage Loan or, if applicable, any agent or servicer on behalf of such party.

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

  • 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.

  • 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.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.

  • Mortgage Instruments means such title reports, title insurance, opinions of counsel, surveys, appraisals and environmental reports as are requested by, and in form and substance reasonably acceptable to, the Administrative Agent from time to time.

  • for any Mortgage Loan means the percentage shown as the "Gross Margin" for the Mortgage Loan on Exhibit A to the Sale and Servicing Agreement.

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

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

  • Ground Lessor means, as to any Site, the “lessor,” “sublessor,” “landlord,” “licensor,” “sublicensor” or similar Person under the related Ground Lease.

  • Mortgage Documents With respect to each Mortgage Loan, the mortgage documents required to be delivered to the Custodian pursuant to each Custodial Agreement.

  • New Lease Any lease of REO Property entered into on behalf of REMIC I, including any lease renewed or extended on behalf of REMIC I, if REMIC I has the right to renegotiate the terms of such lease.