First Mortgage Note definition

First Mortgage Note means a promissory note evidencing a loan secured by a First Mortgage.

First Mortgage Note given to *** (the "Lender") evidencing a mortgage loan (the "First Mortgage Loan") and will perform all obligations under the mortgage made to the Lender (the "First Mortgage") on the Development of even date therewith, given as security for the First Mortgage Note, the mortgage note (the "Section 1602 Mortgage Note") given to the Authority and will perform all obligations under the mortgage made to the Authority (the "Section 1602 Mortgage") on the Development of even date therewith, given as security for the Section 1602 Mortgage Note, which are incorporated herein by reference.

First Mortgage Note means [ ].

Examples of First Mortgage Note in a sentence

• This loan is subordinate in right of payment to First Mortgage Note held by Bank of America, N.A. and is secured by Deed of Trust and Security Agreement.

• Each First Mortgage Note evidencing First Mortgage Collateral shall be endorsed by Borrower at such time as the Bank may request as follows: "Pay to the order of the Federal Home Loan Bank of Dallas." All other First Mortgage Documents and documents representing Securities, Small Farm and Agri-Business Collateral, and Other Real Estate Related Collateral shall be marked and assigned to the Bank in the foregoing manner or in such other manner as shall be specified by the Bank.

• The HUD- Insured Loan is evidenced by a Note (Multistate) in the amount of the HUD-Insured Loan (the "First Mortgage Note"), and secured by a Multifamily Mortgage, Assignment of Rents, Security Agreement and Fixture Filing (Kansas) from the Borrower to HUD Mortgagee.

• The closing of the HUD-Insured Loan and initial endorsement by HUD of the First Mortgage Note for mortgage insurance is referred to herein as the "Initial Closing".

• The cement and steel for this will be supplied by contractor and is included in therates.

• Merchant testified that the balance on the First Mortgage Note as of November 15, 2011, was $54,083.17.

• Merchant also pointed to the documentation attached to his proof of claim as proof of the debt’s balance when Merchant took over the First Mortgage Note in November 2011.

• On November 23, 2011, Merchant sent a letter to Mumtaz informing her that he had purchased the First Mortgage Note on the Greenway Property and directing her to mail the monthly mortgage payment to him before the fifth of every month.

• Marron, 2011 WL 2600543, at *5, 7 (finding that if a mortgagee forecloses a mortgage when it is not the holder of the related promissory note, it does so “as a fiduciary for the note holder, to whom it must account for the foreclosure sale proceeds.”).Lastly, the debtors argue that Wells Fargo has not proven that it is entitled to enforce the First Mortgage Note thus presumably it may not enforce the First Mortgage.

• The parties agree that Plaintiffs are liable for the First Mortgage Note but disagree on the amount owed on the First Mortgage Note and the interest rate charged as of the Petition Date.

More Definitions of First Mortgage Note

First Mortgage Note means that certain Amended and Restated Mortgage Note dated October 28, 1998 in the principal amount of $275,000,000 made by Seller in connection with the First Mortgage Loan.

First Mortgage Note means that certain promissory note dated as of ------------------- the date hereof made by Borrower to First Mortgage Lender in connection with the First Mortgage Loan.

First Mortgage Note means the 11-1/2% First Mortgage Notes due 2000, as amended or supplemented from time to time, that are issued pursuant to this Indenture.

First Mortgage Note means the First Mortgage Note evidencing the First Mortgage Loan and shall include any and all amendments, modifications and extensions thereof and supplements thereto hereafter made in conformity with the First Mortgage.

First Mortgage Note means the promissory note of even date herewith from Maker to First Mortgage Lender in an original principal amount of $ . Maker means all of the undersigned. Maturity Date means the earliest to occur of one or more of the following dates.

First Mortgage Note means the promissory note to be executed in connection with the First Mortgage Loan.