Eligible Mortgage Holder definition

Eligible Mortgage Holder means a First Mortgagee who has requested notice of certain matters from the Association in accordance with SECTION 9.1 of this Declaration.

Eligible Mortgage Holder means a holder, insurer, or guarantor of a first mortgage on a lot who has requested notice of certain matters from the Association as provided for in these Bylaws.

Eligible Mortgage Holder means a Lender that has provided a written request for notices to the Village Association, stating both its name and address and the Unit number or address of the Unit on which it holds the Mortgage.

Examples of Eligible Mortgage Holder in a sentence

• Notwithstanding anything in this Declaration to the contrary, any Eligible Mortgage Holder who obtains title to a Unit through foreclosure or pursuant to the remedies under its mortgage with such Unit’s Owner shall not be liable for any Assessments other than six (6) months (or less) of the Unit’s unpaid General Assessments, together with the costs of collecting such unpaid General Assessments as is permitted hereunder.

• In such event, the Eligible Mortgage Holder of a Unit shall be entitled, upon specific written request, to timely written notice of any such loss.

• Upon request in writing, the Association shall furnish each Eligible Mortgage Holder, and any holder, insurer or guarantor of the mortgage held by such Eligible Mortgage Holder, with a written notice of any default by the Unit Owner of such Unit in the performance of such Unit Owner’s obligations under this Declaration that is not cured within thirty (30) days.

More Definitions of Eligible Mortgage Holder

Eligible Mortgage Holder means any First Mortgagee who has sent the Association a written request for notice, as described in Section 12.7(b) of this Restated Declaration.

Eligible Mortgage Holder means a holder of a first mortgage secured by a Lot who has requested notice of certain items as set forth herein.

Eligible Mortgage Holder means a First Lender who has requested notice of certain matters from the Association in accordance with Section 9.6C.

Eligible Mortgage Holder means a First Lender who has requested notice of certain matters from the Association in accordance with section 9.6.C.

Eligible Mortgage Holder means and refers to any holder of a first mortgage encumbering any Lot who has requested, in writing, by certified mail, return receipt requested, notice of certain matters from the Club. The notice to the Club must state the name of the mortgage holder and the address to which notices are to be sent and shall identify the mortgaged Lot. All notices to an Eligible Mortgage Holder shall be effective upon mailing to the address provided by the mortgage holder, unless the address is modified by written notice given to the Club in the same manner as provided above.

Eligible Mortgage Holder means a holder of a first Mortgage on a Unit, secured by the Unit, who has requested notice of certain matters as set forth herein.

Eligible Mortgage Holder means a holder of a first mortgage on a unit who has requested notice of certain matters from the Association in accordance with Section 13.3 below.