Mortgaged Premises definition

Mortgaged Premises means any real property which shall now or hereafter be subject to a Note Mortgage and/or an ABL Mortgage.

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Mortgaged Premises means the Property securing a Mortgage Loan.

Mortgaged Premises. The real property securing repayment of the debt evidenced by a Note.

Examples of Mortgaged Premises in a sentence

• In addition to all other rights and remedies available to the Lender hereunder and under applicable law, the Lender may, at any time or times after the occurrence of any Event of Default, take possession of the Mortgaged Premises and all materials, fixtures, tools, appliances and other items thereon or therein belonging to the Borrower, which may be occupied or used by the Lender without payment of any rental or fee therefor.

• Borrower has obtained and shall maintain, through the date hereof, all licenses, authorizations, approvals and permits necessary in connection with the operation of the Mortgaged Premises.

• Upon an Event of Default the Lender shall have the right, at the Borrower’s expense, to employ and pay the wages of a watchman to guard the Mortgaged Premises if deemed appropriate by the Lender to preserve and protect the Mortgaged Premises.

• Borrower has not received any notices from any insurer or its agents requiring the performance of any work with respect to the Mortgaged Premises or threatening to cancel any policy of insurance, and the Mortgaged Premises complies, and will comply, with the requirements of all insurance carriers.

• In the event that the Lender exercises the right to take possession of the Mortgaged Premises under this Article 7, the Lender shall not be obligated to commence or continue any construction or other work thereon if the same has not been completed and without affecting the validity of the Mortgage and any other security given by the Borrower to the Lender.

More Definitions of Mortgaged Premises

Mortgaged Premises means each (1) real property interest (including without limitation any fee or leasehold interest) which is encumbered or affected by any mortgage, deed of trust, deed to secure debt or other similar document or instrument granting to the Bank a lien on or security interest in such real property interest and (2) any other real property interest upon which is situated assets or other property affected or encumbered by any document or instrument granting to the Bank a lien thereon or security interest therein;

Mortgaged Premises. With respect to any Mortgage Loan other than a Cooperative Loan, the real property or the leasehold interest, together with any improvements thereon, securing the indebtedness of the Borrower under such Mortgage Loan. With respect to any Cooperative Loan, the shares issued by a cooperative housing corporation that secure the indebtedness of the Borrower under such Cooperative Loan.

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Mortgaged Premises means the residential (1-4 family) real property that is encumbered by a Security Instrument securing the Mortgagor’s obligations under a Mortgage Loan, including all buildings and fixtures on such property and all accessions thereto, including installations of mechanical, electrical, plumbing, heating and air conditioning systems located in or affixed to such buildings, and all alterations, additions and replacements, and any such property following the completion of the foreclosure of the related Mortgage Loan.

Mortgaged Premises means any real property which shall now or hereafter be subject to a Revolving Credit Mortgage.

Mortgaged Premises means any real property which shall now or hereafter be subject to a Priority Lien Mortgage.

Mortgaged Premises means any Real Estate Asset which shall now or hereafter be subject to a Note Mortgage.