Primary Mortgage Loan definition

Primary Mortgage Loan means any Mortgage Loan (including REO and loans in foreclosure) with respect to which Seller or an affiliate thereof is the “primary” servicer or subservicer performing the traditional mortgage servicing functions with respect to the related Mortgagor.

Primary Mortgage Loan. Any Mortgage Loan with respect to which Seller is performing “primary” mortgage servicing functions with respect to the related Mortgage Loan, whether in its capacity as master servicer, servicer, primary servicer, subservicer or otherwise.

Primary Mortgage Loan means any loan primarily for personal, family or household use

Examples of Primary Mortgage Loan in a sentence

• To the extent required by Applicable Requirements, each Primary Mortgage Loan has, and at all times during which Seller has serviced such Primary Mortgage Loan has had, a valid tax service contract with an Investor-approved tax service provider.

• With respect to each Primary Mortgage Loan, during the time that Seller has serviced such Primary Mortgage Loan, Seller has applied all casualty insurance proceeds for property damage in accordance with Applicable Requirements.

• To the extent required by Applicable Requirements, each Primary Mortgage Loan has, and at all times during which Seller has serviced such Primary Mortgage Loans has had, a valid flood certification contract with an Investor-approved flood certification provider.

• With respect to each Primary Mortgage Loan, during the time the Seller has serviced such Primary Mortgage Loan, all taxes, governmental assessments, insurance premiums, water, sewer and municipal charges, leasehold payments and ground rents relating to such Primary Mortgage Loan have been timely paid by the Seller in material compliance with the Applicable Requirements and Accepted Servicing Practices to the extent such items are required to have been paid pursuant to Applicable Requirements.

• All improvements upon each Mortgaged Property related to a Primary Mortgage Loan are insured against loss by fire, hazard (and, where required pursuant to Applicable Requirements, flood) and/or extended coverage insurance policies, in the amount, by an Insurer and otherwise in compliance with and in the manner as may be required by Applicable Requirements.

• Each Primary Mortgage Loan has had a flood zone determination conducted in compliance with the Applicable Requirements.

• Prairie: Loan from United Prairie Bank with an outstanding principal amount of $1,644,379.74 as of December 13, 2019 on Prairie’s Primary Mortgage Loan from United Prairie Bank with an outstanding principal amount of $21,363.09 as of December 13, 2019 on Prairie’s Secondary Mortgage Loan from Home Federal Savings Bank with an outstanding principal amount of $26,131.67 as of December 13, 2019 pursuant to the Agglom.

More Definitions of Primary Mortgage Loan

Primary Mortgage Loan means a consumer loan made

Primary Mortgage Loan means a loan made to an

Primary Mortgage Loan means any loan primarily for personal, family, or household use that is secured by a mortgage, deed of trust or other equivalent consensual security interest, on a dwelling as defined in Section 103(w) of the Truth in Lending Act or residential real estate upon which is constructed, or intended to be constructed, a dwelling;