Examples of Senior Mortgage in a sentence

Subordinate Lender acknowledges that a Subordinate Mortgage Default constitutes a Senior Mortgage Default.
Accordingly, upon the occurrence of a Subordinate Mortgage Default, Subordinate Lender will be deemed to have actual knowledge of a Senior Mortgage Default.
The immediately preceding sentence shall be deemed to be a covenant running with the land and shall be binding on any person or entity that acquires title to all or party of the Property by, through or under a Senior Mortgage.
Evidence of title (title policy or title policy endorsement, as appropriate) insuring the lien of the Senior Security Instrument which insures that (i) the lien of the Subordinate Mortgage is subordinate to the lien of the Senior Mortgage, and (ii) this Agreement has been recorded among the applicable land records.
Upon the occurrence and during the continuance of a default or an event of default under the Senior Loan Documents or any Future Senior Mortgage, any of the Senior Beneficiaries may take and continue any Enforcement Action with respect to the Senior Secured Obligations and the Mortgaged Property in such order and manner as they may determine in their sole discretion.

More Definitions of Senior Mortgage

Senior Mortgage means the Deed of Trust, Assignment, Security Agreement and Fixture Filing of even date herewith given by Borrower to Lender to secure the Senior Note and the Obligations, as the same may from time to time be extended, amended, restated, supplemented or otherwise modified.

Senior Mortgage means that certain Sixth Amended and Restated Mortgage, Security Agreement and Assignment of Rents and Leases granted by the Borrower to the Senior Lender dated May 17, 2013, as the same may be amended, restated, or otherwise modified from time to time.

Senior Mortgage means the Mortgage, Security Agreement, Financing Statement And Assignment of Rents to be granted by the Mortgagor to the Senior Mortgagee as described above, together with any and all modifications, amendments, supplements, restatements or assignments thereof at any time made or entered into, including all Other Advances thereunder and the term "Senior Mortgagee" shall mean the Senior Mortgagee named herein, its successors and/or assigns.

Senior Mortgage means the Security Instrument as defined in the Borrower Loan Agreement.

Senior Mortgage means that certain Open End Mortgage, Security Agreement, Assignment of Rents and Leases, and Fixture Filing given by the Owner, dated as of [ ], 2022 and filed in the Lake County Recorder’s office.

Senior Mortgage means the Spare Parts Mortgage and Security Agreement, dated as of September 3, 2004, between the Company and Xxxxx Fargo Bank Northwest, National Association, as security trustee thereunder, which secures, among other things, the Company's obligations under the Loan Agreement.