Mortgagee Policies definition

Mortgagee Policies has the meaning specified in Section 4.02(a)(iii)(B).
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Mortgagee Policies means ALTA mortgagee title insurance policies issued by the Title Insurance Company.
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Mortgagee Policies is defined in SECTION 4.01(h).
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Examples of Mortgagee Policies in a sentence

  • Closely working with the SIA licenced guard and provide them with 24-hour technical support 24-hour manned telephone service ensures all calls are efficiently responded to, with pager, mobile, second mobile and land line back-ups.

  • See Also: 3.76 Covenants, Conditions And Restrictions ; 5.30 Express Insurance ; 12.26 Mortgagee Policies .

  • Fr. Poirier considered them to be the "remains of the ancient Caribs who populated these islands previously", who acted rebellious by not wanting "to resemble the current possess- ors" of the island (A.

  • In addition, immediately prior to the funding of the Term Loan, Agent may require that it receive an endorsement to the Mortgagee Policies in form and substance satisfactory to Agent confirming the validity and priority of the Mortgages, redating the policy to the date that the Term Loan is funded and confirming that the Real Property Collateral is subject to no additional encumbrances.

  • See Also: 12.26 Mortgagee Policies ; 15.32 Pending Disbursement Clause .

  • As used herein and in Owner and Mortgagee Policies, the term "Rights of Parties in Possession" shall mean one or more persons who are themselves actually physically occupying the property or a portion thereof under a claim of right adverse to the record owner of the property as shown in Schedule A of the policy.

  • See Also: 4.04 Decedent's Estates ; 5.20 Estate Taxes ; 6.08 Federal Tax Liens ; 9.04 Indemnity Agreements ; 9.14 Insuring Around ; 10.08 Judgments ; 12.12 Mechanic's Liens ; 12.26 Mortgagee Policies ; 18.32 State Tax Liens Other Than Liens Directly On Real Property ; 19.04 Taxes And Assessments .

  • Except as otherwise provided in this rule, all Mortgagee Policies shall be for the amount of the loan(s) insured, when the land covered in the policy represents all of the security of the loan(s).2.

  • Br. at 3-4 (quoting Commonwealth, 98-07 Commonwealth Offers ALTA 9 Coverage on Residential Mortgagee Policies, 3-4 (June 22, 1998), https://www.agentxtra.net/extranet/SingleSource/content/StateLaw/DistrictofColumbia/ Bulletins/DC_ 98-07_ Commonwealth Offers ALTA 9 Coverage.

  • This Rule is applied when no Owner Policy is involved (since, otherwise, the Mortgagee Policies would be charged as simultaneous issues under Rule R-5) and when no other more advantageous credits are available.


More Definitions of Mortgagee Policies

Mortgagee Policies has the meaning specified in Section 4.01(a)(vi)(B).
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Mortgagee Policies has the meaning assigned to that term in Section 3.1(a)(iv)(B).
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Mortgagee Policies has the meaning assigned to that term in Section 3.1F(ii).
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Mortgagee Policies has the meaning assigned such term in Section 9.13(a).
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Related to Mortgagee Policies

  • Title Insurance Policies means, with respect to each Individual Property, an ALTA mortgagee title insurance policy in a form acceptable to Lender (or, if an Individual Property is in a State which does not permit the issuance of such ALTA policy, such form as shall be permitted in such State and acceptable to Lender) issued with respect to such Individual Property and insuring the lien of the Mortgage encumbering such Individual Property.

  • Mortgage Policies has the meaning specified in Section 6.13(b)(ii).

  • Insurance Policies has the meaning set forth in Section 3.16.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Credit property insurance means insurance:

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Mortgagee means the mortgagee, grantee or beneficiary under any Mortgage, any holder of legal title to any portion of any Mortgage Loan or, if applicable, any agent or servicer on behalf of such party.

  • Environmental Insurance Policy With respect to any Mortgaged Property securing a Serviced Mortgage Loan or any Administered REO Property, any insurance policy covering pollution conditions and/or other environmental conditions that is maintained from time to time in respect of such Mortgaged Property or Administered REO Property, as the case may be, for the benefit of, among others, the Trustee on behalf of the Certificateholders.

  • Insurance Policy With respect to any Mortgage Loan included in the Trust Fund, any insurance policy, including all riders and endorsements thereto in effect, including any replacement policy or policies for any Insurance Policies.

  • Title Insurance Policy A title insurance policy maintained with respect to a Mortgage Loan.

  • Title Policies has the meaning set forth in Section 6.17.

  • Hazard means a source of or exposure to danger;

  • Collateral Insurance shall have the meaning set forth in Section 4.4(a).

  • R&W Insurance Policy means the representations and warranties insurance policy issued to Buyer in connection with the transactions contemplated hereby.

  • Insurance Report means an insurance report in respect of the Insurances confirming that such Insurances are placed with such insurers, insurance companies and/or clubs in such amounts, against such risks and in such form as acceptable to the Agent (acting on the instructions from the Finance Parties) and comply with the requirements under Clause 26.3 (Insurance) and the GIEK Guarantee prepared by Bank Assure Insurance Services Inc., or such other reputable insurance advisor approved by the Agent, and dated on or about 11 June 2010 and addressed to, and capable of being relied upon by, the Finance Parties.

  • Primary Mortgage Insurance Insurance obtained from a Primary Mortgage Insurer which insures the holder of a Mortgage Note against loss in the event the related Borrower defaults under such Mortgage Note or the related Security Instrument, including all riders and endorsements thereto.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • Additional Insured is defined in Section D of Annex D to the Lease.

  • Blanket insurance policy means a group policy covering a defined class of

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Property Insurance is defined in Section 6.10(a).

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.