NOTICE OF MORTGAGE definition

NOTICE OF MORTGAGE. This Ship is subject to a first priority mortgage in favour of FORTIS BANK (NEDERLAND) N.V. of Coolsingel 93, 3012 AE Rotterdam, The Netherlands. Undex xxx xxxx xxxxxxxx, xxxxxxx xxx Xxxxx xxx xxx xxxxxxxxx nor the Master of this Ship has any right, power or authority to create, incur or permit to be imposed upon this Ship any commitments or encumbrances whatsoever other than for crew's wages and salvage" and in terms of the said notice it is hereby agreed that save and subject as otherwise herein provided, neither the Owner nor the Charterer nor any other charterer nor the Master of the Ship nor any other person has any right, power or authority to create, incur or permit to be imposed upon the Ship any lien whatsoever other than for crew's wages and salvage;
NOTICE OF MORTGAGE. This Ship is subject to a first preferred mortgage in favour of [here insert name of Mortgagee] of [here insert address of Mortgagee]. Under the said mortgage, neither the Owner nor any charterer nor the Master of this Ship has any right, power or authority to create, incur or permit to be imposed upon this Ship any commitments or encumbrances whatsoever other than for crew's wages and salvage" and in terms of the said notice it is hereby agreed that save and subject as otherwise herein provided, neither the Owner nor the Charterer nor any other charterer nor the Master of the Ship nor any other person has any right, power or authority to create, incur or permit to be imposed upon the Ship any lien whatsoever other than for crew's wages and salvage;
NOTICE OF MORTGAGE. This Vessel is covered by a Preferred Ship Mortgage given to the United States of America, under authority of the Ship Mortgage Act, 1920, as amended. Under the terms of said Mortgage, neither the owner of this Vessel, any charterer, the Master of this Vessel, nor any other person has any right, power, or authority to create, incur, or permit to be imposed upon the Vessel any liens, maritime or 43 Initial otherwise, other than the lien of said Mortgage and liens for crew’s wages, emergency safety repairs, or salvage.”

Examples of NOTICE OF MORTGAGE in a sentence

  • The Shipowner will place and keep prominently displayed in the chart room and in the Master’s cabin on the Vessel a framed printed notice in plain type reading as follows: NOTICE OF MORTGAGE THIS VESSEL IS OWNED BY [SHIPOWNER], AND IS SUBJECT TO A FIRST PREFERRED MORTGAGE IN FAVOR OF NORDEA BANK FINLAND PLC, NEW YORK BRANCH, AS TRUSTEE/MORTGAGEE UNDER AUTHORITY OF CHAPTER 3 OF THE XXXXXXXX XXXXXXX XXXXXXXX XXX 0000, AS AMENDED.

  • Rule 3002-4 NOTICE OF MORTGAGE PAYMENT CHANGE (a) A narrative summary of the chain of title, copies of all applicable lien assignments(s) and other appropriate evidence of the Creditor’s authority to act and be paid, shall be filed as attachments to the Notice of Mortgage Payment Change, if filed by a creditor who, at the time of filing, is not a creditor of record.

  • The Shipowner will place and keep prominently displayed in the chart room and in the Master’s cabin on the Vessel a framed printed notice in plain type reading as follows: NOTICE OF MORTGAGE THIS VESSEL IS OWNED BY [SHIPOWNER], AND IS SUBJECT TO A FIRST PREFERRED MORTGAGE IN FAVOR OF NORDEA BANK FINLAND PLC, NEW YORK BRANCH, AS TRUSTEE/MORTGAGEE UNDER AUTHORITY OF TITLE 21 OF THE LIBERIAN CODE OF LAWS OF 1956, AS AMENDED.

  • Transaction Agent`s Mortgage ID Number (MERS number) 1001540-7000102735-3 (Published in the Chaska Herald on Thursday, June 27, July 4, 11, 18, 25 and August 1, 2013; No. 6304) NOTICE OF MORTGAGE FORECLOSURE SALENOTICE IS HEREBY GIVEN,that default has occurred in the conditions of a mortgage dated May 23, 2007, executed by James P.

  • NOTICE OF MORTGAGE FORECLOSURE SALETHE RIGHT TO VERIFI- CATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE TIME PRO- VIDED BY LAW IS NOT AF- FECTED BY THIS ACTION.


More Definitions of NOTICE OF MORTGAGE

NOTICE OF MORTGAGE. This Ship is subject to a first priority statutory Maltese mortgage and deed of covenant in favour of KfW IPEX-BANK GmbH of Xxxxxxxxxxxxxxxxxxx 0-0, X-00000 Xxxxxxxxx xx Xxxx, Xxxxxxx. Under the said mortgage and related documents, neither the Owner nor any charterer nor the Master of this Ship has any right, power or authority to create, incur or permit to be imposed upon this Ship any commitments or encumbrances whatsoever other than for crew’s wages and salvage” and in terms of the said notice it is hereby agreed that save and subject as otherwise herein provided, neither the Owner nor the Charterer nor any other charterer nor the Master of the Ship nor any other person has any right, power or authority to create, incur or permit to be imposed upon the Ship any lien whatsoever other than for crew’s wages and salvage; and
NOTICE OF MORTGAGE. This VESSEL is covered by a First Preferred Ship Mortgage given to the United States of America, under authority of the Ship Mortgage Act, 1920, as amended. Under the terms of said Mortgage, neither the owner of this VESSEL, any charterer, the Master of this VESSEL, nor any other person has any right, power, or authority to create, incur, or permit to be imposed upon the VESSEL any liens, maritime or otherwise, other than the lien of said Mortgage and liens for crew's wages, for wages of a stevadore when employed directly by the owner, the operator, master or agent of this VESSEL, for salvage, or the extent there are liens subordinate to the Mortgage, other liens incident to current operation for repairs"
NOTICE OF MORTGAGE. This Ship is subject to a first mortgage in favour of [here insert name of mortgagee] of [here insert address of mortgagee]. Under the said mortgage and related documents, neither the Owner nor any charterer nor the Master of this Ship has any right, power or authority to create, incur or permit to be imposed upon this Ship any commitments or encumbrances whatsoever other than for crew’s wages and salvage”. No-one will have any right, power or authority to create, incur or permit to be imposed upon the Ship any lien whatsoever other than for crew’s wages and salvage.
NOTICE OF MORTGAGE. This Vessel is owned by [OWNER] (the “Owner”) and is subject to a first preferred mortgage (the “First Mortgage”) in favor of Xxxxx Trustee Services Limited, as security trustee and mortgagee, under the authority of Chapter 3 of the Maritime Act 1990 of the Republic of the Xxxxxxxx Islands, as amended. Under the terms of the First Mortgage, neither the Owner nor any charterer nor the Master of this Vessel nor any other person has any power, right or authority whatever to create, incur or permit to be imposed upon this Vessel any lien or encumbrance except for crew’s wages and salvage.”
NOTICE OF MORTGAGE. This Vessel is covered by a First Preferred Mortgage in favour of Global Marine Systems Limited under the laws of Vanuatu. Under the terms of the said Mortgage neither the Owner nor any charterer nor the Master of this Vessel nor any other person has any right, power or authority to create, incur or permit to be imposed upon this Vessel any lien or encumbrance whatsoever other than liens for crew's wages and salvage.";
NOTICE OF MORTGAGE. This Vessel is covered by a First Preferred Ship Mortgage (the “Mortgage”) in favor of [DAEWOO SHIPBUILDING AND MARINE ENGINEERING CO., LTD] as Mortgagee, under authority of Chapter 3 of the Maritime Xxx 0000 of the Republic of the Xxxxxxxx Islands, as amended. Under the terms of said Mortgage, neither the owner, any charterer, the Master of this Vessel nor any other person has any right, power or authority to create, incur or permit to be imposed upon this Vessel any other lien whatsoever except Permitted Liens (as defined in the Mortgage), a copy of which is available on board for inspection upon the request of any party having business with the Vessel.”
NOTICE OF MORTGAGE. This Vessel is covered by a First Preferred [Fleet] Mortgage in favor of Manufacturers and Traders Trust Company, as Trustee/Mortgagee, under the authority of the laws of the [JURISDICTION]. Under the terms of the said First Preferred [Fleet] Mortgage, neither the Owner nor any charterer nor the Master, nor any officer or agent of this Vessel nor any other person has any right, power or authority to create, incur or permit to be imposed upon this Vessel any lien whatsoever other than the lien of said First Preferred [Fleet] Mortgage and liens for crew's wages or salvage." (U) (i) at all times and at its own cost and expense to cause to be carried and maintained in respect of [the/each] Vessel insurance payable in United States dollars in amounts, against risks (including marine hull and machinery (including excess value) insurance, marine protection and indemnity insurance, war risks insurance and liability arising out of pollution and the spillage or leakage of cargo and cargo liability insurance) and in a form which is substantially equivalent to the coverage carried by other responsible and experienced companies engaged in the operation of vessels similar to the Vessel[s] and with insurance companies, underwriters, mutual insurance associations or clubs of recognized standing;