First Lender definition

First Lender has the meaning set forth in the Borrower Security Instrument.

First Lender has the meaning set forth in Section 12.18(b).

First Lender or "Senior Lien Holder" means the private lender providing a first mortgage to a Qualified Homebuyer who has purchased or is purchasing the Assisted Unit.

Examples of First Lender in a sentence

• Property tax and hazard insurance escrows are to be established and maintained by the First Lender or the Servicer.

• If at any time there are not sufficient funds (held by Florida Housing, First Lender and any other sources) to complete the Development, the Borrower will be required to expend additional equity on Development costs or to deposit additional equity with Florida Housing which is sufficient (in Florida Housing's judgment) to complete the Development before additional Loan funds are disbursed.

• At all times there will be undisbursed loan funds (collectively held by Florida Housing, First Lender and any other sources) sufficient to complete the Development.

• Such remedies under the First Lender Deed of Trust include the right of foreclosure or acceptance of a deed or assignment in lieu of foreclosure.

• Property tax and hazard insurance escrow are to be established and maintained by the First Lender or the Servicer.

More Definitions of First Lender

First Lender as defined in subsection 9.8(b).

First Lender as defined in subsection 18.8(c).

First Lender as defined in subsection 17.8(c).

First Lender as defined in subsection 13.8(c).

First Lender means the Institutional Lender that makes the First

First Lender means .

First Lender means any bank, savings and loan association, insurance company, or other financial institution holding a recorded First Mortgage on any Condominium.