Mortgagee Loan definition
Examples of Mortgagee Loan in a sentence
Such examination may be made by Purchaser of the related Mortgage Loan at any time before the related Closing Date and may be made by Purchaser or any prospective Subsequent Purchaser of such Mortgagee Loan at any time after such Closing Date.
Section 19.1 (a) Tenant acknowledges that Landlord and, to the extent set forth in the Mortgagee Loan Documents, Mortgagee (at its cost and expense) shall have the right from time to time at all times during normal business hours upon reasonable notice to examine such books, records and accounts at the office of Tenant or any other Person maintaining such books, records and accounts and to make such copies or extracts thereof as Landlord or Mortgagee shall desire.
With respect to each Mortgagee Loan identified on the Mortgage Loan Schedule as an interest-only Mortgage Loan, the interest-only period shall not exceed the period specified on the Mortgage Loan Schedule and following the expiration of such interest-only period, the remaining Monthly Payments shall be sufficient to fully amortize the original principal balance over the remaining term of the Mortgage Loan.
Owner hereby authorizes mortgagees to release to REALTOR® all requested information relating to the mortgages secured by the Property 1st Loan # 2nd Mortgagee Loan # All taxes for the current year, rentals, monthly mortgage insurance premiums, hazard insurance premiums and interest on existing mortgage, if any, shall be pro-rated as of the date of closing.
This Mortgage is the Mortgage referred to in and is also given as security for the due and punctual performance, observance and payment by the Mortgagor of the terms and conditions set forth in that certain Revolving Construction and Development Loan Agreement of even date herewith between the Mortgagor and the Mortgagee ("Loan Agreement") concerning the acquisition, development and construction of certain improvements on the Premises, the terms and conditions of which are incorporated herein by reference.
Requirements of all federal, state and ------------------------------- local law including, without limitation, truth-in-lending, real estate settlement procedures, consumer credit protection, equal credit opportunity, or usury, applicable to the Mortgagee Loan have been complied with.