Project Mortgage definition

Project Mortgage means a blanket mortgage insured under section 213 of the Act, covering a group of not less than five single-family dwellings.

Project Mortgage means a mortgage or deed of trust and security agreement securing the payment of the Project Loan and evidencing a first lien on the Project.

Project Mortgage the Credit Line Deed of Trust, Assignment and Security Agreement made by the Borrower, as Grantor, to Lawyers Title Insurance Corporation, as trustee for the use and benefit of the Security Agent, as Beneficiary, substantially in the form of Exhibit E of the Project Loan Agreement, as amended, supplemented or otherwise modified from time to time.

Examples of Project Mortgage in a sentence

• Application procedures for offers to sell Project Mortgage Loans shall be set forth in the Policies and Procedures established by the MFA in accordance with paragraph 4.6 of these Rules and Regulations.

• Unless otherwise directed by HUD, the Re-siding Project Mortgage may not be repaid prior to January 2019, and any prepayment between January 2019 and December 2028 requires the Company to pay Wells Fargo a prepayment penalty of between 10% and 1% of the prepayment amount, depending on the prepayment date.

• The execution and delivery of any such Project Mortgage, the transfer of the leasehold estate pursuant to any foreclosure (judicial or otherwise) thereof or any deed or assignment in lieu of foreclosure, or the disposition of the leasehold estate by the holder of such Project Mortgage shall not be deemed prohibited by any provisions hereof.

• The Re-siding Project Mortgage is insured by HUD under section 241(a) of the National Housing Act of 1934, as amended, and is secured by a second deed of trust on the Project.

• Amongst other conditions, rights, duties and privileges as fully set forth therein, the Project Mortgage encumbered the Property.

More Definitions of Project Mortgage

Project Mortgage. Any Encumbrance placed upon Landlord's interest in a Property.

Project Mortgage means (i) each mortgage or deed of trust given by a Credit Party for the benefit of the Lender, substantially in the form of Exhibit F hereto, and (ii) any other mortgage, deed of trust or other Instrument by which the Lender obtains a Lien in or on any real property, mineral rights or other property or assets of a Credit Party to secure the Obligations, together with all amendments, modifications, supplements, extensions, revisions and restatements thereof in accordance with its terms.

Project Mortgage means, collectively (or individually as the context may indicate), each Credit-Line Deed of Trust, Mortgage, Open-End Mortgage, Deed of Trust, Deed to Secure Debt, Leasehold Mortgage, Open-End Leasehold Mortgage, Leasehold Deed of Trust, Leasehold Deed to Secure Debt, Security Agreement, Fixture Filing, Assignment of Leases and Rents and Financing Statement or similar mortgage instrument, and any collateral assignment of any of the above items, by any Operator or any other Person granting a Lien for the benefit of any Borrower in connection with any Project heretofore, now or hereafter entered into by such Operator, as from time to time further amended, supplemented or restated.

Project Mortgage means a blanket mortgage insured under section 213 of the Act, covering a group of not less than five single-family dwellings. 24 CFR Ch. II (4–1–12 Edition)

Project Mortgage the Deed of Trust and Security Agreement made by the Borrower to John Xxxx Xxxxxxxxxx, Xx., xx trustee for the benefit of the Agent and the Secured Parties as Beneficiaries, as amended by the First Amendment dated April 1, 1992 and the Second Amendment dated September 1, 1992 and as the same may be further amended, supplemented or otherwise modified from time to time.

Project Mortgage means a mortgage on a Project Facility the proceeds of which are used to finance the cost, or part of the cost, of the Project Improvements.

Project Mortgage. 5 (ai) "Project Mortgagee" 5