Loan secured by real property definition

Loan secured by real property means that 50% or more of the aggregate value of the collateral used to secure a loan or other obligation, when valued at fair market value as of the time the original loan or obligation was incurred, was real property.
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Loan secured by real property means that any of the col- lateral used to secure a loan or other obligation at the time the orig- inal loan or obligation was incurred or during the current taxable year is real property. A loan secured by real property includes an installment sales contract for real property. An “agricultural lien” as defined in s. 409.102 (1) (b), Stats., or a “fixture filing” as defined in s. 409.102 (1) (js), Stats., does not by itself constitute a loan secured by real property.
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Loan secured by real property means that fifty percent or more of the aggregate
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Examples of Loan secured by real property in a sentence

  • Loan secured by real property" means that 50% or more of the aggregate value of the collateral used to secure a loan or other obligation, when valued at fair market value as of the time the original loan or obligation was incurred, was real property.[PL 1997, c.

  • Loan secured by real property – A loan or other obligation of which fifty percent (50%) or more of the aggregate value of the collateral used to secure the loan or other obligation, when valued at fair market value as of the time the original loan or obligation was incurred, was real property.

  • From time to time, to the extent any Pledged Loan secured by real property ceases to be a Pledged Loan pursuant to the Bond Loan Agreement, the Assignor shall record in the land and chattel records, as applicable, a Termination of Notice, in substantially the form set forth in Exhibit B-2 attached hereto and the Assignee shall duly countersign same.

  • In connection with any Pledged Loan secured by real property, the Assignor shall record in the land and chattel records, as applicable, contemporaneously with (or as soon as practicable following) the granting of a security interest to the Assignee with respect to each Pledged Loan, a notice of the Assignee’s rights hereunder, in substantially the form set forth as Exhibit B-1 attached hereto.

  • Some commenters expressed the view that the prescription length should be longer.

  • Each Pledged Loan secured by real property to which a Manufactured Home is affixed will create a valid Lien on that Manufactured Home that will have priority over any other Lien on the Manufactured Home, whether or not arising under applicable real property law.

  • Loan secured by real property ±A loan or other obligation of which fifty percent (50%) or more of the aggregate value of the collateral used to secure the loan or other obligation, when valued at fair market value as of the time the original loan or obligation was incurred, was real property.

  • Loan secured by real property'' means that 50% or more of the aggregate value of the collateral used to secure a loan or other obligation, when valued at fair market value as of the time the original loan or ob- ligation was incurred, was real property.

  • Loan secured by real property" means that 50% or more of the aggregate value of the collateral used to secure a loan or other obligation, when valued at fair market value as of the time the original loan or obligation was incurred, was real property.[ 1997, c.


More Definitions of Loan secured by real property

Loan secured by real property means a loan or other obligation for which fifty
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Loan secured by real property means that any of the collateral used to secure a loan or other obligation at the time the original loan or obligation was incurred or during the current taxable year
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Loan secured by real property means “a loan or other obligation which, at the time the original loan or obligation was incurred or during the current taxable year, was secured by real property. A loan secured by real property includes an installment sales contract for real property”.
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Related to Loan secured by real property

  • Term Loan Security Documents means the “Security Documents” as defined in the Term Loan Credit Agreement.

  • Custodial property means an interest in property transferred to a custodian under this act and the income from, and proceeds of, that interest in property.

  • Mortgage Loan Agreement means the Loan Agreement, dated as of February 14, 2020, between the Borrower, as borrowers, and the Original Lenders, as lender, as the same may be further amended, restated, supplemented or otherwise modified from time to time, subject to the terms hereof.

  • Term Loan Secured Parties means the Term Loan Representative, the Term Loan Creditors and any other holders of the Term Loan Obligations.

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

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Deed of Trust means the Deed of Trust with Assignment of Rents, Security Agreement and Fixture Filing of even date herewith by and among Borrower, as trustor, North American Title Company, as trustee, and the County, as beneficiary, that encumbers the Property to secure repayment of the Combined County Loan and Borrower's performance of the Loan Documents.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Collateral has the meaning set forth in Section 2.