Open Mortgage definition

Open Mortgage means a mortgage that lets you pay any amount you want without you having to pay a Prepayment charge. The minimum Prepayment amount is $500.
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Open Mortgage means a mortgage that lets you pay any amount you want without you having to pay a Prepayment charge. If you have an Open Mortgage, this will be referred to in item 10 of the Registered Mortgage. The minimum Prepayment amount is $500.
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Open Mortgage means a mortgage that lets you pay any amount you want without you having to pay a Prepayment charge. The minimum Prepayment amount is $500. Outstanding Amount means the total amount remaining to be paid on the Mortgage at any time. It includes the portion of the Principal Amount that remains unpaid, interest, additional amounts advanced, and amounts we have paid because you have not kept a Promise.
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Examples of Open Mortgage in a sentence

  • If you have an Open Mortgage and want to prepay it, you must pay back a portion of any cash back amount you received from us, as called for under Section 6.6.

  • If you have an Open Mortgage you may prepay $500 or more of the Outstanding Amount at any time without a Prepayment charge.

  • If you have an Open Mortgage, you may prepay $500 or more of the Outstanding Amount at any time without a Prepayment charge.

  • The bid prepared by the Tenderer, as well as all correspondence and documents relating to the bid exchanged by the Tenderer and the department shall be written in English language.

  • If you have an Open Mortgage and you prepay it, you must pay back a portion of any cash back amount you received from us, as called for under Section 6.7.

  • Stamper stated that Throneberry arranged to have a branch office for Open Mortgage opened in Wood River and that Renken who worked for EMP was sent to Wood River to be the branch manager.

  • You have given us the following Mortgage: (delete inapplicable provisions) Your Mortgage is an Open Mortgage.

  • You have granted us the following Mortgage: (delete inapplicable provisions) Your Mortgage is an Open Mortgage.

  • None of the following Prepayment options apply if you are in Default.6.2 Prepaying an Open MortgageIf you have an Open Mortgage, you may prepay $500 or more of the Outstanding Amount at any time without a Prepayment charge.

  • None of the following Prepayment options apply if you are in Default.6.2 Prepaying an Open MortgageIf you have an Open Mortgage you may prepay $500 or more of the Outstanding Amount at any time without a Prepayment charge.


More Definitions of Open Mortgage

Open Mortgage means a mortgage that lets you pay any amount you want without you having to pay a Prepayment charge. The minimum Prepayment amount is $500. Outstanding Amount means the total amount remaining to be paid on the Mortgage at any time. It includes the portion of the Principal Amount that remains unpaid, interest, additional amounts advanced, and amounts we have paid because you have not kept a Promise. Prepayment means repaying part of the Principal Amount ahead of schedule. Depending on the type of Mortgage you have and the amount you are paying, you may have to pay a Prepayment charge when you make a prepayment.
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Open Mortgage means a Charge which is stated to be an Open Mortgage in Box 10;
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Open Mortgage means a Charge which is stated to be an Open Mortgage in the Computer Field entitled “Additional Provisions”;
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Related to Open Mortgage

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

  • Fee Mortgage Any mortgage, pledge agreement, security agreement, assignment of leases and rents, fixture filing or similar document creating or evidencing a lien on Landlord’s interest in the Leased Property or any portion thereof (or an indirect interest therein, including without limitation, a lien on direct or indirect interests in Landlord) in accordance with the provisions of Article XXXI hereof.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • Ship Mortgage shall have the meaning set forth for such term in the Intercreditor Agreement. Notice of Assignment ASSIGNMENT OF INSURANCE BY INTERNAL CHARTERERS Vantage Driller I Co. NOTICE OF ASSIGNMENT To Whom It May Concern: Vantage Driller IV Co., an exempted company incorporated with limited liability under the laws of the Cayman Islands (the “Assignor”), HEREBY GIVES NOTICE that by an Assignment, dated October 25, 2012, and made by the Assignor to Xxxxx Fargo Bank, National Association (the “Assignee”), as Pari Passu Collateral Agent (as defined under the Intercreditor Agreement defined below), the Assignor assigned to the Assignee all of the Assignor’s right, title and interest in and to all insurances and the benefit of all insurances heretofore, now or hereafter taken out in respect of the Panamanian flag vessel TOPAZ DRILLER and all proceeds thereof. This Notice and the attached Loss Payable Clauses are to be endorsed on all policies and certificates of entry evidencing such insurances.

  • 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.

  • Group 3 Mortgage Loan Each Mortgage Loan listed on Exhibit D-3 hereto.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Reverse mortgage means a nonrecourse loan under which both of the following apply:

  • First Mortgage means a Mortgage that constitutes a first Lien on the real property and improvements described in or covered by that Mortgage.

  • Group 2 Mortgage Loan Each Mortgage Loan listed on Exhibit D-2 hereto.

  • Group 1 Mortgage Loan Each Mortgage Loan listed on Exhibit D-1 hereto.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

  • Jumbo Mortgage Loan is a collective reference to Jumbo Mortgage Loans (Standard Limit) and Jumbo Mortgage Loans (Specialty).

  • Facility Mortgage As defined in Section 13.1.

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

  • Second Mortgage means a mortgage from which the proceeds of a loan or other extension of credit made by a third person are secured by a mortgage on the real property for which the mortgagor has used the proceeds of the loan or other extension of credit to pay all or part of the purchase price of the property.

  • Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage.

  • Group II Mortgage Loan A Mortgage Loan assigned to Loan Group II with a principal balance at origination that may or may not conform to Freddie Mac and Fannie Mae loxx xxxxts.

  • Mortgage Debt means (i) debt secured only by real property at the time of the MSPLF Loan’s origination;2 and (ii) limited recourse equipment financings (including equipment capital or finance leasing and purchase money equipment loans) secured only by the acquired equipment.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.