Examples of Collateral Assignment of Mortgage in a sentence
The Collateral Assignment of Mortgage and related Collateral Assignment of Assignment of Leases, if any, or assignment of any other agreement executed in connection with such Mortgage Loan constitutes the legal, valid and binding assignment of such Mortgage from Borrower to or for the benefit of Agent, and validly grants a security interest in such Mortgage Loan to or for the benefit of Agent free and clear of any other pledge, lien, encumbrance or security interest.
Collateral Assignment of Mortgage and Assignment from Chase Manhattan Trust Company, National Association and Xxxxxx-Xxxxx County Port Authority to The Fifth Third Bank of Northwestern Ohio, National Association, filed for record November 12, 1998 in Volume 1675, Page 124, of the Xxxxxxx County Records.
Notwithstanding the reference in any existing recorded or unrecorded Collateral Assignment of Mortgage made by Borrower to Lender indicating that such Collateral Assignment is security for the Note in the principal amount of up to $5,000,000.00 or any other amount, each and every such existing Collateral Assignment shall be deemed to be, and hereby is, re-assigned to Lender to constitute security for the Consolidated Loan of up to $7,000,000.00.
Notwithstanding the reference in any existing recorded or unrecorded Collateral Assignment of Mortgage made by Borrower to Lender indicating that such Collateral Assignment is security for the Note in the principal amount of up to $5,000,000.00, $7,000,000.00 or any other amount, each and every such existing Collateral Assignment shall be deemed to be, and hereby is, re-assigned to Lender to constitute security for the Consolidated Loan of up to $7,700,000.00.
Assignor has duly executed this Collateral Assignment of Mortgage and Other Documents as of the day and year first above written.
That certain Collateral Assignment of Mortgage and Security Agreement, Assignment of Rents, Leases, Profits and Contracts, Cross Default and Cross Collateral Agreements, and Intercreditor and Subordination Agreement of even date hereof by and between Sun Financial LLC, a Michigan limited liability company, as assignor, and Citibank, N.A., as assignee, encumbering the property known as East Fork Crossing located in Batavia, Ohio, as further described therein.
The Note and Borrower's obligations hereunder and under all other Loan Documents shall be secured by (a) liens upon the Mortgage Loan pursuant to the Collateral Assignment of Mortgage, (b) liens upon the REO Properties pursuant to the REO Mortgages and (c) all other security interests and Liens granted in this Agreement and in the other Loan Documents.
Borrower shall have executed and delivered to Agent a Collateral Assignment of Mortgage and a Collateral Assignment of Assignment of Leases with respect to the Mortgage Loan and such Collateral Assignment of Mortgage and Collateral Assignment of Assignment of Leases shall be filed of record in the appropriate filing office in the jurisdiction in which the related Mortgaged Property is located or irrevocably delivered to a title agent for such recordation.
With respect to each Mortgage Loan, the Borrower shall have executed and delivered to the Lender a Collateral Assignment of Mortgage.
A Termination of Collateral Assignment of Mortgage dated February 28, 2017, and recorded March 6, 2017 as CRFN 2017000087412.