Examples of Mortgage Note Amount in a sentence

Advance Rate: 100% of the lesser of (i) Mortgage Note Amount or (ii) the Committed Purchase Price.
On the day a Pledged Loan becomes an Aged Mortgage Loan, the Advance against such Pledged Loan must be (a) repaid in full, to the extent the Aged Mortgage Loan Sublimit would be exceeded, or (b) otherwise, reduced by 5% of the Mortgage Note Amount.
Thereafter, the Advance must be reduced by 5% of the Mortgage Note Amount.
The original principal amount of the Loan allocated to a particular Mortgaged Property is referred to herein as the "Original Allocated Mortgage Note Amount" of such Mortgaged Property, and the amount thereof remaining outstanding on the relevant calculation date (after giving effect to prior prepayments or redemptions) is referred to herein as the "Allocated Mortgage Note Amount" of such Mortgaged Property.
On the day a Pledged Loan becomes an Aged Mortgage Loan, the Warehousing Advance against such Pledged Loan must be (a) repaid in full, to the extent the Aged Mortgage Loan Sublimit would be exceeded, or (b) otherwise, reduced by [*]% of the Mortgage Note Amount on the 15th day of each month commencing after 90 days.

More Definitions of Mortgage Note Amount

Mortgage Note Amount. Interest Rate:____________________________________ Mortgage Note Date:_______________________ Requested Warehouse Advance Amount: ______________ Investor:_________________________________ Title Company:____________________________________ Investor Contact:_________________________ Title Company Contact:____________________________ Investor Phone:___________________________ Title Company Phone:______________________________

Mortgage Note Amount. Unpaid Principal Balance:_____________ Original Lender (if applicable):_______ Acquisition Cost: (if applicable):____ Requested Warehouse Advance Amount:____ Title Company:________________________ Investor:______________________________ Title Company Contact:________________ Investor Contact:______________________ Title Company Phone:__________________ Investor Phone:________________________ Expiration Date:______________________ Committed Purchase Price:______________ Purchase Commitment No.:______________ FUNDING INSTRUCTIONS [] Wire Funding Account to Debit:___________________ Date of Wire:_____________________ Credit Acct. Name:__________________ Amount of Wire:___________________ Bank Name:__________________________ Credit Acct. No.:_________________ City and State:_____________________ ABA No.:__________________________ Ref:________________________________ Advise:____________ Phone:________ [] Check Funding Check No.:__________________________ Amount:______________________________ REQUIRED DOCUMENTATION The following documents in connection with the above request are enclosed: RIGHT [] Original and 1 copy of Mortgage Note [] Certified copy of Mortgage [] Original or certified copy of recorded Mortgage (Repurchased Mortgage Loans and Nonperforming Mortgage Loans) [] Original ALTA Mortgage's Policy of Title Insurance or equivalent (Repurchased Mortgage Loans and Nonperforming Mortgage Loans) [] *Copy of Investor Purchase Commitment (or satisfactory evidence thereof) [] *Copy of HUD-1 Settlement Statement or equivalent with evidence of initial Advance amount (open-end Second Mortgage Loans) [] *Copy of AssetWise Certificate (Required for High LTV Mortgage Loans) [] *Copy of Borrower's closing instructions to escrow/title company (table funded Mortgage Loans only) [] *Copy of a letter (or other acceptable documentation) from the holder of the Mortgage Loan to Borrower documenting the purchase price for the Mortgage Loan, releasing the holder's ownership interest in the Mortgage Loan against payment of that purchase price by Borrower and containing wire transfer instructions for payment of that purchase price (Third Party Originated Loans only) [] *Request for Advance (original and 1 copy) [] Recordable assignment of Mortgage (not required for Mortgage Loans registered on the MERS system after delivery of an Electronic Tracking Agreement, if approved by Lender) [] Certified copies of interim assignments of Mortgage (if applicable) [] *Investor repurchase ...

Mortgage Note Amount. Interest Rate: _____________________ Mortgage Note Date: __________________ Advance Amount: __________ Approved Warehouse Amount: ___________ Endorsement Amount: ________________ Cumulative Endorsement Amount: _______ Investor: ____________________________ Expiration Date: ___________________ Committed Purchase Price: ____________ Title Company/Closing Agent: ___________________________________________________ Title Contact Person: __________________ Phone No.: _________________________ Title Company Address: _________________________________________________________ Security Rate: ___________ Issue Rate: ______________ Maturity Date: _______ WIRE TRANSFER INFORMATION ------------------------- WIRE #1 ------- Wire Amount: ________________________ Date of Wire: ______________________ Receiving Bank: _____________________ ABA No.: ___________________________ City & State: _______________________ Credit Account Name: ________________ Number: ____________________________ Advise: _____________________________ Phone: _____________________________ Exhibit "A" Page 81 ----------- Email Address: WIRE #2 ------- Wire Amount: ________________________ Date of Wire: ______________________ Receiving Bank: _____________________ ABA No.: ____________________ City & State: _______________________ Credit Account Name: ________________ Number: ____________________________ Advise: _____________________________ Phone: _____________________________ Email Address: As applicable, ______________________________ (the "Borrower") hereby grants a security interest to Citicorp USA, Inc., as Agent (the "Agent") for a syndicate of Lenders (the "Lenders"), in all of Borrower's right, title and interest in and to the Mortgage Loan described above and all related Collateral pursuant to Section 3.3 of that certain Warehousing Credit and Security Agreement, dated as of May 31, 2007, as amended, among the Borrower, the Agent and the Lenders (as amended, restated, renewed or replaced, the "Agreement"). Capitalized terms used in this Advance Request without further definition have the meanings set forth in the Agreement. The undersigned represents and warrants as follows:

Mortgage Note Amount means, as of any date of determination, the then outstanding and unpaid principal amount of a Mortgage Note (whether or not an additional amount is available to be drawn under that Mortgage Note). "Mortgage Pool" means a pool of one or more Pledged Loans on the basis of which a Mortgagebacked Security is to be issued. "Multiemployer Plan" means a "multiemployer plan" as defined in Section 4001(a)(3) of ERISA, to which either Borrower or any ERISA Affiliate of Borrower has any obligation with respect to its employees. "Notes" mean the Sublimit Note and the Warehousing Note. "Notices" has the meaning set forth in Section 11.1. "Obligations" means all indebtedness, obligations and liabilities of Borrower to Lender and Lender's Subsidiaries (whether now existing or arising after the date of this Agreement, voluntary or involuntary, joint or several, direct or indirect, absolute or contingent, liquidated or unliquidated, or decreased or extinguished and later increased and however created or incurred), including Borrower's obligation to repay Warehousing Advances and reborrowings of Buydowns, under this Agreement and Borrower's other obligations and liabilities to Lender under this Agreement and the other Loan Documents and disbursements made by Lender for Borrower's account. "Operating Account" means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security. "Overdraft Advance" has the meaning set forth in Section 3.8. "Participant" has the meaning set forth in Section 11.8. "Permitted Affiliate Transactions" means, subject to all terms, conditions and provisions of this Agreement, transactions between Borrower and its Affiliates in connection with (i) the securitization, sale, hypothecation or pledge of certain assets of Borrower (other than any item of Collateral) or its Affiliates, (ii) hedging activities involving Borrower and certain of its Affiliates, and/or the origination, and (iii) acquisition of Mortgage Loans, Mortgage Notes, Mortgages, Security Agreements and all other documents, agreements and instruments related thereto. "Person" means and includes natural persons, corporations, limited liability companies, limited liability partnerships, limited partnerships, general partnerships, joint stock companies, joint ...

Mortgage Note Amount means the unpaid principal balance of a Mortgage Note at the time such Mortgage Note is delivered to the Custodian.

Mortgage Note Amount. Interest Rate: Mortgage Note Date: Advance Amount (Approved Warehouse Amount): Cumulative Endorsement Amount (for FHA Construction Loans): Investor: Expiration Date: Committed Purchase Price: Title Company/Closing Agent: Title Contact Person: Phone No.: Title Contact Person E-Mail Address: Title Company Address: Security Rate: Issue Rate: Maturity Date: Wire Amount: Date of Wire: Receiving Bank: ABA No.: City & State: Credit Account Name: Number:

Mortgage Note Amount. ______ Interest Rate:________________ Mortgage Note Date:________ Requested Warehouse Amt:______ METHOD OF ADVANCE ( ) Wire Transfer Amount of Wire:___________ Date of Wire:_____________________ Credit Acct. No.__________ Credit Acct. Name:________________ ABA No.:__________________ Bank Name:________________________ City & State: Account to Debit:_________ Ref:___________ Advise:______________ Phone:_______________ REQUIRED DOCUMENTATION Attached please find the following documents in connection with the above request (Please check attached documents below):

Mortgage Note Amount definition

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