Bond Mortgage definition

Bond Mortgage means, with respect to each Project, the multifamily deed of trust or mortgage, as applicable, assignment of rents, security agreement and fixture filing delivered on the closing date for the related Bonds, together with all riders and addenda, from the Owner of the Project granting a first priority mortgage and security interest in the Project to secure the repayment of the Bond Mortgage Loan, which Bond Mortgage has been assigned by the Issuer to the Bond Trustee pursuant to the Indenture.
Bond Mortgage means the Multifamily Deed of Trust, Assignment of Rents and Security Agreement dated as of the date of the Indenture, together with all riders and addenda thereto, granting a first priority mortgage and security interest in the Project to the Issuer to secure the repayment of the Bond Mortgage Loan which Bond Mortgage has been assigned by the Issuer to the Trustee, as the same may be amended, supplemented or restated.
Bond Mortgage means the Subordinate Multifamily Deed of Trust, Security Agreement and Fixture Filing, dated of even date with this Indenture, from the Borrower to [Dayna L. Smith] for the benefit of the Trustee and the Issuer, as amended or supplemented from time to time.

Examples of Bond Mortgage in a sentence

  • Notwithstanding anything in this Instrument to the contrary, the Lender hereby acknowledges and consents to the lien and security interests granted or created in connection with the Bond Mortgage.

  • The Bond Mortgage secures (i) the obligations under the Financing Agreement, (ii) the obligations under the Bond Mortgage, and (iii) payment of all other indebtedness relating to the Mortgaged Property owing by Borrower to the Issuer.

  • Notwithstanding any provisions of this Instrument or any of the other Loan Documents to the contrary, it is understood and agreed that the lien, terms, covenants and conditions of this Instrument are and shall be subordinate in all respects, including in right of payment, to the Bond Mortgage, subject to the terms of the Intercreditor Agreement.

  • Each Bond Mortgage Note provides for computation of interest on the basis of a 360-day year comprised of twelve 30-day months to the maturity date of the Bond Mortgage Note.

  • The Reimbursement Mortgage, if and when properly recorded in the appropriate records, together with any Uniform Commercial Code financing statements required to be filed therewith, creates a valid, perfected second line on the Mortgaged Property, subject only to the Bond Mortgage and the exceptions set forth in Schedule B of the title insurance policy issued to Xxxxxxx Mac regarding the Reimbursement Mortgage in accordance with the terms thereof.


More Definitions of Bond Mortgage

Bond Mortgage means, with respect to each Project, the multifamily deed of trust or mortgage, as applicable, assignment of rents, security agreement and fixture filing delivered on the closing date for the related Bonds or Underlying Bonds, as applicable, together with all riders and addenda, from the Owner of the Project granting a first priority mortgage and security interest in the Project to secure the repayment of the Bond Mortgage Loan, which Bond Mortgage has been assigned by the Issuer to the Bond Trustee pursuant to the Indenture.
Bond Mortgage means the first priority Security Instrument on each Bond Property securing the obligations of Owner under and with respect to the Related Mortgage Note and the related Mortgage Loan, and "BOND MORTGAGES" means every such Bond Mortgage, collectively.
Bond Mortgage means the Subordinate Multifamily Deed of Trust, Security Agreement and Fixture Filing, dated of even date with this Indenture, from the Borrower to [ ] for the benefit of the Trustee and the Issuer, and as the same may be amended, supplemented or restated.
Bond Mortgage means the Multifamily Deed of Trust, Assignment of Rents and Security Agreement dated as of the date of the Indenture, together with all riders and addenda thereto, from the Borrower to the Issuer, securing payment of the Bond Mortgage Loan, as such Bond Mortgage may from time to time be amended, modified or supplemented, as such Bond Mortgage has been assigned by the Issuer to the Trustee.
Bond Mortgage means, collectively, the First Multifamily Fee Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing (California), and the First Multifamily Leasehold Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing (California), together with, in each use, all riders and addenda thereto, from the City of San Xxxx Financing Authority and the Borrower, respectively, for the benefit of the Issuer, and each assigned in Section 3.4 of the Financing Agreement by the Issuer to the Trustee, with each securing payment of the Bond Mortgage Loan, as each such Bond Mortgage may from time to time be amended, modified or supplemented.
Bond Mortgage has the meaning given in the Recitals.
Bond Mortgage means, individually, each Multifamily Deed of Trust, Security Agreement and Fixture Filing, dated of even date with the Indenture, from each Borrower to Dayna L. Smith for the benefit of the Trustee and the Issuer, as amended or supplemented from time to time. “Bond Mortgages” means, collectively, all of such Bond Mortgages.