Mortgage Rights definition

Mortgage Rights means, with respect to the Mortgage Loan, without limitation, all of the rights under the Mortgage Documents and the Loan Agreement (other than those rights set forth below) including without limitation, the right to receive any and all payments thereunder and all of the rights and interests under the Mortgage Note, the Mortgage and the other Mortgage Documents and the Loan Agreement, to direct actions, grant consents, grant extensions, grant waivers, grant requests, give approvals, give directions, exercise remedies, exercise forbearance, give releases, make appointments, make decisions, take actions, apply partial payments, apply late charges, apply default interest, apply escrow payments for reserves, taxes, insurance and other impositions, and do all other things under the Mortgage Note, the Mortgage and the other Mortgage Documents, including, without limitation, the right, power and authority to, and the right, power and authority to delegate the right, power and authority to, enter into agreements, documents and instruments ancillary to or otherwise relating to the Mortgage Loan, including agreements with respect to the servicing of the Mortgage Loan and the establishment of custodial and other accounts for the deposit of funds payable by the Mortgagor under the Mortgage Documents and collected by the Credit Facility Provider or the Servicer, as applicable, and to vest in its assignee such rights, powers and authority as may be necessary to implement any of the foregoing. “Mortgage Rights” does not include the Mortgage Note Payments Interest, which is reserved to the Trustee (except as provided in the Assignment) and those rights reserved to the Corporation solely in its capacity as the Corporation under the Loan Agreement.
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Mortgage Rights means, with respect to the Mortgage Loan, without limitation, all of the rights under the Mortgage Note, the Mortgage and the other Mortgage Documents to direct actions, grant consents, grant extensions, grant waivers, grant requests, give approvals, give directions, give releases, make appointments, take actions and do all other things under the Mortgage Note, the Mortgage and the other Mortgage Documents, including, without limitation, the right, power and authority to assign or delegate the right, power and authority to enter into ancillary agreements, documents and instruments otherwise relating to the Mortgage Loan, including agreements with respect to the servicing of the Mortgage Loan, and to vest in its assignee such rights, powers and authority as may be necessary to implement any of the foregoing. “Mortgage Rights” does not include the Mortgage Note Payments Interest.
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Mortgage Rights means, with respect to a Mortgage Asset in the Cover Pool:
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Examples of Mortgage Rights in a sentence

  • Meanwhile, the individual guarantee is a personal guarantee for certain debts from a debtor.8 Regarding special matters related to collateral in the form of land, since 1996 there has been a legal unification in the Guarantee Law for land, namely with the issuance of Act No. 4 of 1996 concerning Land Mortgage Rights and Objects related to Land, hereinafter abbreviated as UUHT.

  • Based on the description of the case above, it can be risky for the occurrence of misuse of the condition of the sale and purchase of land and buildings in the debt agreement, because the guarantee agreement made using the Sale and Purchase Deed (AJB) does not use Mortgage Rights, that the certificate has indirectly become the property of the party.

  • Contrary to Law No. 4 of 1996 Concerning Mortgage Rights on Land and Objects Related to Land Article 11 Paragraph 2 letter G, which provides that the attainment of a mortgage right or debtor's refusal to transfer the mortgage object casts doubt on the legal force of the preceding agreement.

  • The agreement deed also breaches Law Number 4 of 1996 Article 11 paragraph (2) Letter g Concerning Mortgage Rights, which specifies that the mortgagee's obligation is not to transfer the object of the mortgage; therefore, the agreement is invalid.

  • The output of this Electronic Mortgage Service is an Electronic Mortgage Certificate for users, namely Creditors as recipients of Electronic Mortgage Rights.

  • The resolution of problems and obstacles faced by Electronic Mortgage Rights Users, especially PPAT and Creditors, refers to the Technical Instructions made by the Ministry of ATR/KBPN, 29 April 2020 because basically these problems and obstacles are mostly related to the server provided by the user.

  • The Scope of this Technical Instruction includes: - Object of Mortgage; - Preparation; - Implementation by PPAT and Creditors; - Implementation by the Land Office; - Manual Mortgage Advanced Service; - Solving Land Rights Encumbered by Electronic Mortgage Rights.

  • As contained in the Mortgage Rights Law number 4 of 1996 regarding the deadline of the Power of Attorney to Charge Mortgage Rights (SKMHT) which has been signed by both parties, it must be followed up by making a Deed of Granting Mortgage Rights (APHT) within 1 (one) time, months after being given.

  • Normally a Bank can receive objects in the form of land and buildings that can be encumbered with a Mortgage but if the collateral is in the form of a Sale and Purchase Agreement (PPJB), in the event that the land has not transferred these rights and is still in process, the land and building object is legally not yet can be burdened with Mortgage Rights.

  • Normative legal research is research that is carried out or focuses on positive legal norms in the form of laws and regulations relating to the execution of Mortgage Rights in terms of a normative point of view.


More Definitions of Mortgage Rights

Mortgage Rights has the meaning given to it in clause 2.2; Originator means each of KMC, KPL, Money Partners, DB UK Bank Limited trading as DB Mortgages, Edeus Mortgage Creators Limited, GMAC-RFC Limited, Infinity Mortgages Limited, Mortgages PLC, Preferred Mortgages Limited and Southern Pacific Mortgages Limited (together the Originators);
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Mortgage Rights. (i) with respect to each Floating Rate Bond Transaction, shall have the meaning given such term in the Related Fannxx Xxx Xxxlateral Agreement and (ii) with respect to each Custodial Receipts Transaction, shall have the meaning given such term in the Related Custodial Receipts Collateral Agreement.
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Mortgage Rights shall have the meaning given such term in the Related Fannxx Xxx Collateral Agreement.
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Mortgage Rights shall have the meaning given such term in the Related Xxxxxx Mae Collateral Agreement.
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Mortgage Rights has the meaning given to such term in the Xxxx/Issuer Mortgage Sale Agreement;
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Mortgage Rights means, with respect to the Mortgage Loan, without limitation, all of the rights under the Mortgage Documents and the Loan Agreement (other than those rights set forth below) including without limitation, the right to receive any and all payments thereunder and all of the rights and interests under the Mortgage Note, the Mortgage and the other Mortgage Documents and the Loan Agreement, to direct actions, grant consents, grant extensions, grant waivers, grant requests, give approvals, give directions, exercise remedies, exercise forbearance, give releases, make appointments, make decisions, take actions, apply partial payments, apply late charges, apply default interest, apply escrow payments for reserves, taxes, insurance and other impositions, and do all other things under the Mortgage Note, the Mortgage and the other Mortgage Documents, including, without limitation, the right,
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Related to Mortgage Rights

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Mortgage shall have the meaning assigned to such term in the recitals.

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Leasehold Mortgage means any leasehold deed of trust, mortgage, deed to secure debt, assignment of leases and rents, assignment, security agreement, or other security document securing financing from a lender of Tenant and encumbering Tenant’s leasehold interest in any Demised Property.

  • Mortgage Receivable means a promissory note secured by a Mortgage of which the Borrower or a Subsidiary is the holder and retains the rights of collection of all payments thereunder.

  • Mortgage Interest Rate The annual rate of interest borne on a Mortgage Note.

  • Class P Mortgage Loan Any of the Class I-P, Class II-P or Class III-P Mortgage Loans.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • Maximum Mortgage Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the related Mortgage Loan Schedule and in the related Mortgage Note and is the maximum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be increased on any Adjustment Date.

  • Mortgage Interest Rate Cap With respect to an Adjustable Rate Mortgage Loan, the limit on each Mortgage Interest Rate adjustment as set forth in the related Mortgage Note.

  • Servicing Rights means rights of any Person, to administer, service or subservice, the Purchased Assets or to possess related Servicing Records.

  • Mortgage Documents With respect to each Mortgage Loan, the mortgage documents required to be delivered to the Custodian pursuant to each Custodial Agreement.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Mortgage Notes means, collectively, the promissory notes aggregating $310,000,000 principal amount issued pursuant to the Mortgage Note Agreements, dated December 12, 1991 and executed by the Operating Partnership, together with and any loan agreement and security documents executed in connection therewith, any and all instruments given in renewal, extension, modification, or rearrangement of or in substitution or replacement for any one or more of the foregoing described promissory notes and other documents, whether given to the original purchaser thereof (or its designee) or any other Person and other documents.

  • Mortgage Pool The pool of Mortgage Loans, identified on Schedule 1 from time to time, and any REO Properties acquired in respect thereof.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Mortgage Pool Assets (i) The Mortgage Loans (including all Substitute Mortgage Loans) identified on the Mortgage Loan Schedule, and all rights pertaining thereto, including the related Mortgage Notes, Mortgages, Cooperative Stock Certificates, Cooperative Leases, Security Agreements, Assignments of Proprietary Lease, and Recognition Agreements, and all Monthly Payments due after the Cut-Off Date and all other payments and distributions collected with respect to the Mortgage Loans on or after the Cut-Off Date; (ii) the Certificate Account, the Investment Account, and all money, instruments, investment property, and other property credited thereto, carried therein, or deposited therein (except amounts constituting the Servicing Fee); (iii) the Custodial Accounts for P&I and any Buydown Fund Account (to the extent of the amounts on deposit or other property therein attributable to the Mortgage Loans), and all money, instruments, investment property, and other property credited thereto, carried therein, or deposited therein (except amounts constituting the Servicing Fee); (iv) all property that secured a Mortgage Loan and that has been acquired by foreclosure or deed in lieu of foreclosure or, in the case of a Cooperative Loan, a similar form of conversion, after the Cut-Off Date; and (v) each FHA insurance policy, Primary Insurance Policy, VA guaranty, and other insurance policy related to any Mortgage Loan, and all amounts paid or payable thereunder and all proceeds thereof.

  • Net Mortgage Interest Rate As to any Mortgage Loan and Distribution Date, such Mortgage Loan's Mortgage Interest Rate thereon on the first day of the month preceding the month of the related Distribution Date reduced by (i) the Servicing Fee Rate and (ii) the Trustee Fee Rate.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Mortgage-related security means an obligation that is rated AA or higher (or the equivalent) by a securities rating agency recognized by the Securities Valuation Office of the NAIC and that either:

  • Minimum Mortgage Interest Rate With respect to each Adjustable Rate Mortgage Loan, a rate that is set forth on the related Mortgage Loan Schedule and in the related Mortgage Note and is the minimum interest rate to which the Mortgage Interest Rate on such Mortgage Loan may be decreased on any Adjustment Date.

  • Mortgage Instruments means such title reports, ALTA title insurance policies (with endorsements), evidence of zoning compliance, property insurance, flood certifications and flood insurance (and, if applicable FEMA form acknowledgements of insurance), opinions of counsel, ALTA surveys, appraisals, environmental assessments and reports, mortgage tax affidavits and declarations and other similar information and related certifications as are requested by, and in form and substance reasonably acceptable to, the Administrative Agent from time to time.