Examples of Applicable Mortgage in a sentence
The receiver may use every available remedy which we have under the Mortgage and under Applicable Mortgage Law to sell Your Property or any part or parts thereof, to collect the income from Your Property, to take possession of the whole or part of Your Property or any part or parts thereof, to manage Your Property and to keep it in good condition.
If Your Property is situated in New Brunswick, you (and we by our acceptance of the Mortgage) agree to exclude from the Mortgage all statutory covenants which by Applicable Mortgage Law would otherwise be or be deemed to be included in the Mortgage, it being acknowledged by you and us that the Mortgage (and the Loan Agreement) contain all terms and provisions applicable to the Mortgage, the Loan and the Obligations Secured.
We can take any other action and exercise any other remedies which are described elsewhere in the Mortgage or which are available to us under Applicable Mortgage Law as being available to us in the event of any default, including our taking action or paying monies to cure the default, and where we do so by paying out the holder of any other mortgage, claim or interest affecting Your Property (or any part of it), we will be subrogated to the rights and position of the person or persons so paid out.
Our rights, powers and remedies stated in the Mortgage shall be in addition to and shall not be taken by you or anyone else to exclude our entitlement to utilize any other rights, powers and remedies available to us by applicable law (including Applicable Mortgage Law) or as may be otherwise granted to us.
Notwithstanding the foregoing, to the extent such excess was caused by a change in the Applicable Mortgage Constant and the Applicable Mortgage Constant exceeds 14% for 14 consecutive days, then, until the date that the Applicable Mortgage Constant falls below 14%, the Applicable Mortgage Constant for purposes of this Section shall be deemed to be an average of the Applicable Mortgage Constant for each day determined for the 30 day period ending on such date of determination.
To the extent permitted or required by HUD, the Institution may designate the portion, if any, of any Requisition to be paid from the Applicable Mortgage Account or the Applicable Equity Account.
Any and all Alterations to any Individual Property shall without further act become the property of the Landlord and subject to the Lien of the Applicable Mortgage, except for trade fixtures, movable equipment or furniture owned by the Tenant.
Cease granting or authorizing any Applicable Underlying Borrower partial releases from the Lien of an Applicable Mortgage.
Lease § 35 (making the pledge dependent upon the “(i) Landlord ha[ving] approved the form and substance of the Applicable Mortgage and all other documents required to be executed by Landlord and any other documents evidencing and securing the Applicable Loan, .
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