Third Mortgage Loan definition

Third Mortgage Loan. A Mortgage Loan which constitutes a third priority mortgage lien with respect to the related Property.
Third Mortgage Loan. The term "Mortgage Loan" includes any Mortgage Loan which is Delinquent, which relates to a foreclosure or which relates to a Property which is REO Property prior to such Property's disposition by the Trust. Any mortgage loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust by the Sponsor, in fact was not transferred and assigned to the Trust for any reason whatsoever shall nevertheless be considered a "Mortgage Loan" for all purposes of this Agreement. The term "Mortgage Loan" includes the term "Bulk Acquisition Loan".
Third Mortgage Loan. A Mortgage Loan which constitutes a third priority mortgage lien with respect to the related Property. Trustee: Bankers Trust Company of California, N.A., located on the date of execution of this Agreement at 3 Paxx Xxxxx, Xxxxxx, Xxxxxxxxxx 00000, x national banking association, not in its individual capacity but solely as Trustee, and any successor hereunder.

Examples of Third Mortgage Loan in a sentence

  • Third Mortgage Loan: (i)Lender: (ii)Principal Balance$ (iii)Accrued Interest$ (iv)Maturity Date: (v)Other Information: Lender’s Point of Contact and Telephone #: Subtotal$ 4.Fourth Mortgage Loan: (i)Lender: (ii)Principal Balance$ (iii)Accrued Interest$ (iv)Maturity Date: (v)Other Information: Lender’s Point of Contact and Telephone #: Subtotal$ 5.

  • With respect to any Second Mortgage Loan, the mortgage loan relating to the corresponding Property having a first priority lien; and with respect to any Third Mortgage Loan, the mortgage loans relating to the corresponding Property having first and second priority liens.

  • The Trustee shall be responsible, from its fee, for all costs related to S&P’s annual surveillance fee of the Fifth Third Mortgage Loan Trust 2002-FTB1, Mortgage Pass-Through Certificates, Series 2002-FTB1 transaction.

  • This Agreement, the Building Loan Agreement, the Third Mortgage Loan Agreement, the Note, the Mortgage, the Survey, the Title Insurance Policy, the Guarantees and all other instruments, certificates, legal opinions and documents executed and delivered by either or both of the Borrower, the Guarantor or the Administrative Agent in connection with the Loan, the Third Mortgage Loan and the Construction Loan.

  • If the Grantee sells, transfers, conveys or otherwise disposes of the Unit contrary to this Addendum to Grant Deed, the Promissory Note, Third Mortgage Loan Documents or the County Mortgage Loan, the Lender shall at any time thereafter, at its election, have the right to declare such disposition or other act null and void and/or seek enforcement of the terms and conditions thereof in any manner whatsoever and by law or equity.


More Definitions of Third Mortgage Loan

Third Mortgage Loan means a Mortgage Loan secured by a Third Mortgage.
Third Mortgage Loan. (for use with USDA's Leveraged Loan only) means an obligat ion secu r ed by a Third Mortgage on r eal proper ty locat ed in the Stat e, including Down Payment Assistance Loans, third in priority only to a Xxxx xxxx Loan and a USDA Leveraged Loan.
Third Mortgage Loan means a purchase money loan made by Grantor to Grantee in an original principal amount approximately equal to the positive difference between (a) the estimated sales price of the Unit determined as if the Unit was not subject to any affordability restrictions, less the County Mortgage Loan on that Unit, and (b) the affordable sales price for which the Grantee purchased the Unit.
Third Mortgage Loan means a Mortgage Loan that is secured by a Subordinate Mortgage that is in third lien position, subordinate (only) to a First Mortgage and a Second Mortgage, each of which is either owned by Fannie Mae or is a Purchased Mortgage Loan subject to an outstanding Transaction hereunder.
Third Mortgage Loan has the meaning ascribed to such term in Section 1.1(a) of the Disclosure Letter.
Third Mortgage Loan. The term "Mortgage Loan" includes any Mortgage Loan which is Delinquent, which relates to a foreclosure or which relates to a Property which is REO Property prior to such Property's disposition by the Trust. Any mortgage loan