Examples of Mortgage Conditions in a sentence
If an Application is missing information or documentation, it will cause a delay in processing the Application or may be rejected.
Mortgage Conditions: It is hereby provided and agreed that subject to the terms of this mortgage condition (and these shall supersede any policy conditions in conflict therewith but only as to the interest of the mortgagee), loss under this policy is made payable to the Mortgagee specified on the “Declaration Page”.
Mortgage Conditions: It is hereby provided and agreed that subject to the terms of this mortgage condition (and these shall supersede any policy conditions in conflict therewith but only as to the interest of the mortgagee), loss under this policy is made payable to the Mortgagee specified on the Declaration Page.
Quick guideThis section includes terms that will help you understand the Mortgage Conditions and explains what ‘you’ and ‘we’ mean.
However, the Originator will represent and warrant in the Mortgage Sale Agreement that there is no obligation for the Originator to make a Further Advance or a Product Switch other than in accordance with the applicable Mortgage Conditions.