First Lender definition

First Lender has the meaning set forth in the Borrower Security Instrument.

First Lender has the meaning set forth in Section 12.18(b).

First Lender or "Senior Lien Holder" means the private lender providing a first mortgage to a Qualified Homebuyer who has purchased or is purchasing the Assisted Unit.

Examples of First Lender in a sentence

• Such remedies under the First Lender Deed of Trust include the right of foreclosure or acceptance of a deed or assignment in lieu of foreclosure.

• The rights and remedies of Lender under this Section 15 are subject to the rights and remedies of First Lender under the First Mortgage Documents.

• Master Tenant and Landlords agree to copy First Lender, Lender and HUD on all notices of default.

• Lessee further agrees that the Operator Lease shall be part of the collateral pledged to First Lender, Lender and HUD as security for the Loans.

• Notwithstanding any other provision hereof, the provisions of this Agreement and the City Deed of Trust shall be subordinate to the lien of the First Lender Deed of Trust and shall not impair the rights of the First Lender, or such lender's assignee or successor in interest, to exercise its remedies under the First Lender Deed of Trust in the event of default under the First Lender Deed of Trust by the Owner.

More Definitions of First Lender

First Lender as defined in subsection 9.8(b).

First Lender as defined in subsection 18.8(c).

First Lender means any person, entity, bank, savings and loan association, insurance company, or other financial institution holding a recorded First Mortgage on any Lot.

First Lender as defined in subsection 13.8(c).

First Lender means the Institutional Lender that makes the First

First Lender means .

First Lender means any bank, savings and loan association, insurance company, or other financial institution holding a recorded First Mortgage on any Condominium.