Mortgage Security definition

Mortgage Security means a security in respect of an underlying pool of related mortgage loans that provides for payment by the issuer to the holder of specified principal installments and a fixed interest rate on the unpaid balance, with all prepayments being passed through to the holder, and is issued in certificate or book entry form.

Mortgage Security means any security (including, without limitation, any participation certificate) guaranteed by GNMA or issued by FNMA or FLHMC.

Mortgage Security. Each Xxxxxx Xxx Guaranteed REMIC Pass-Through Certificate listed on the Mortgage Security Schedule.

Examples of Mortgage Security in a sentence

• Any payment made on a Mortgage Security on a Payment Date shall be made to the Holder of record of such Mortgage Security on such Payment Date.

• Your Property remains charged to us as security for the Amount You Owe until we release or discharge the Mortgage Security.

• All negative covenants contained in any Mortgage, Security Agreement, Assignment of Leases or Rents, or other security document executed by the party which are described in Section I hereof are hereby incorporated by reference herein.

• The term “Mortgage” shall mean that certain Fee and Leasehold Mortgage, Security Agreement, Assignment of Rents and Lease and As-Extracted Collateral, Fixture Filing, and Financing Statement attached hereto as Exhibit M.

• Reference is hereby made to the Mortgage, Security Agreements and the other Loan Documents, which are incorporated herein by this reference as fully and with the same effect as if set forth herein at length.

More Definitions of Mortgage Security

Mortgage Security means the transfer or assignment for security purposes of the Mortgage Notes entered into or to be entered into by the Borrower in favour of the Security Agent as described in more detail in the Mortgage Transfer Agreement and which is held or to be held by the Security Agent from time to time in agreed form.

Mortgage Security. Instrument: The HOME funds advanced to the PROJECT will be secured by a note and mortgage as required by 24 CFR 92 during the construction period and remain on the property until the HOME funds are repaid or forgiven in accordance with the HOME Loan Agreement. The CITY agrees that the HOME mortgage shall be subordinate to any private sector construction or permanent loan. Awardee will not borrow against the land without first consulting and getting approval from the DIRECTOR and CITY which approval shall not be unreasonably withheld or delayed.

Mortgage Security means a mortgage, charge or other 20

Mortgage Security means a mortgage, charge or other security referred to in section 4(1) which secures assets 25

Mortgage Security means a mortgage, charge or other security referred to in section 4(1) which secures assets that comprise one or more mortgage credits;

Mortgage Security means either a Mortgage-backed Security or a Participation Certificate.

Mortgage Security means, in relation to each Mortgage Loan, all charges and securities by way of legal mortgage (and any other collateral security therefor, including, without limitation, any guarantee, any insurance policies in respect of which the interest of the Lenders may be given effect to and any other assignment, assignation, notification or deposit which may be effected in connection with the securing of the relevant Mortgage Loan together with any documentation incidental to the protection of the Lenders and any documents affecting the ability of the Lenders to realise the value of the property charged to it to which the Lenders shall become beneficially entitled); Mortgage Servicer Open Access;