Mortgage Fees definition

Mortgage Fees means late fees, prepayment fees and other similar fees relating to the Mortgage Loans.

Mortgage Fees means, with respect to a Mortgage, all Commitment Fees, Discharge Fees, Administration Fees and Letter of Credit Fees payable from time to time pursuant to such Mortgage.

Examples of Mortgage Fees in a sentence

• The parties hereto will share all Mortgage Fees payable under each Originated Mortgage on the bases set out in Schedule F with respect to the particular Product Groups.

• MCLP may also retain a portion of any Mortgage Fees paid under any Originated Mortgage, to the extent of its entitlement thereto as provided in Section 9.4.

• Mortgage Fees Normally charged by your financial advisor, for acting on behalf of your bank or building society.

• At our discretion we may add the amount of any Reverse Equity Mortgage Fees and Charges and/or costs and losses we incur to the Unpaid Balance of your Loan or debit such amount from any account you have with us.

• The fees you must pay in connection with your SBS Unwind Loan Agreement are set out in your Loan Schedule and in our Reverse Equity Mortgage Fees and Charges Schedule.

• If you are in breach of your SBS Unwind Loan Agreement, we may charge you default fees as specified in the Reverse Equity Mortgage Fees and Charges Schedule.

• Generally we will apply payments first in payment of any Reverse Equity Mortgage Fees and Charges and costs, second in payment of any accrued interest, including default interest, and third in repayment of the Unpaid Balance of your Loan.

• Debit your accounts If any amount under your SBS Unwind Loan Agreement is due and owing to us, including principal, interest and Reverse Equity Mortgage Fees and Charges, you agree that (subject to the application of clauses 10 and 11) we can take any such amounts from any account you have with us.

• Where we change the Floating Interest Rate or we change any of our Reverse Equity Mortgage Fees and Charges, we may notify you of this change directly (for example, by sending you a notice or letter) or we may notify you of this change by displaying it on our website, at our branches and/or advertising it in a major daily newspaper.