Examples of Mortgage Holders in a sentence
If conflicting demands are made on the Custodian with respect to any matter, the Trustee's demand shall control, except during the period prior to the issuance of the Trustee's Trust Receipt pursuant to Section 3.1 hereof, when the applicable Mortgage Holder's demand shall control and the Custodian shall have the right to rely on such controlling demand.
In general, to attend to all non-discretionary details in connection with maintaining custody of the Mortgage Files on behalf of the Mortgage Holders as may be expressly provided herein or as may be required or customary for a custodian or bailee pursuant to FNMA guidelines.
The Secretary shall keep or cause to be kept the register of Eligible Mortgage Holders.
The Condominium, immediately upon having knowledge of any condemnation proceeding or loss, or any damage or destruction affecting a material portion of the Condominium, shall promptly notify all Owners and all Eligible Mortgage Holders.
If such insurance is not maintained, then the Association shall give written notice thereof to the Unit Owners and the Eligible Mortgage Holders.
Notwithstanding the foregoing, amendments of a material nature must be approved by Owners entitled to cast at least sixty-seven percent (67%) of the total allocated votes in the Association and by Eligible Mortgage Holders representing at least fifty-one percent (51%) of the votes of Units subject to mortgages held by Eligible Mortgage Holders.
For a material amendment to the Declaration or any of the actions specified below but subject in any event to the provisions of the Condominium Act, approval must be obtained from Eligible Mortgage Holders representing in the aggregate at least Fifty-One percent (51%) of the votes of Units subject to mortgages held by Eligible Mortgage Holders.
Duplicate originals or certificates of all policies of fire and casualty insurance maintained by the Condominium and of all renewals thereof, shall be delivered by the Condominium to all Eligible Mortgage Holders who have requested the same in writing.
If available, all of the polices of insurance maintained by the Condominium shall contain a provision that such policy or polices shall not expire nor be canceled, terminated, not renewed, or materially modified without at least thirty (30) days’ prior written notice to the Condominium, the Condominium Manager, the Managing Agent, and those Eligible Mortgage Holders who have filed a written request with the carrier for such notice.
To facilitate the operation of this Section, the Developer shall at all times keep the Town provided with an up-to-date list of names and addresses of Mortgage Holders, and the Town may rely upon such list.