Individual Mortgages definition

Individual Mortgages means mortgages and the loans secured thereby where the borrower thereunder is an individual.
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Individual Mortgages has the same meaning as in the Mortgage Sale Agreement;
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Individual Mortgages has the meaning given to it in the Mortgage Sale Agreement;
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Examples of Individual Mortgages in a sentence

  • Insurances: The Sellers recommend that, in the case of Individual Mortgages, borrowers or, in the case of Corporate Mortgages, guarantors, arrange term life assurance but, in the majority of cases, no security will be or has been taken over such assurance.

  • The Floating Rate Mortgage, Fixed Rate Mortgage, and Individual Mortgages are each secured by distinct hotel properties, and such mortgages are the liabilities of distinct debtors, such that the borrowers under the Floating Rate Mortgage, the Fixed Rate Mortgage and the Individual Mortgages do not overlap.

  • Even if such policies were taken out, in the case of Individual Mortgages, borrowers or, in the case of Corporate Mortgages, guarantors, may not have been making payment in full or on time of the premium due on the relevant policies, which may therefore have lapsed and/or no further benefits may be accruing thereunder.

  • There are separate asset pools, and separate lenders for the Floating Rate Mortgage, the Fixed Rate Mortgage and the Individual Mortgages, with no cross-collateralization.

  • However, in an incident, they would require substantial mutual aid/outside support.

  • General11-1 11-2.Amount of Loan 11-111-3.Amortization Period of Loan 11-211-4.The Determination of the Maximum InsurableMortgage11-211-5.Eligible for Insurance 11-311-6.Presale Requirement 11-311-7.Credit Investigation 11-311-8.Insurance of Advances 11-611-9.Construction Changes 11-711-10.Insurance of Individual Mortgages 11-8 FORMS APPENDIX VI SECTION 213 SALES TYPE APPENDIX FORM NUMBERS TITLE 6-1.

  • Even if such policies were taken out, in the case of Individual Mortgages, borrowers or, in the case of Corporate Mortgages, guarantors may not have been making payment in full or on time of the premium due on the relevant policies, which may therefore have lapsed and/or no further benefits may be accruing thereunder.

  • Upon approval of the condominium organizational documents, or upon modification of appropriate instruments made necessary by the foregoing review to conform to HUD-FHA requirements, "Blanket Commitment for Insurance of Individual Mortgages," FHA Form 3275-A, conditioned for any necessary rehabilitation or repair, will be issued to the mortgagee.

  • The CCA 2006 contains a number of provisions which may affect the Individual Mortgages.

  • The history of the successive pollution exclusion clauses, summarized in Part II of this opinion, thus becomes not only relevant but, in our view, all but determinative.31 E.

Related to Individual Mortgages

  • Residential mortgage loan means any loan primarily for

  • Conventional Mortgage means a mortgage for which the principal amount, at the time of commitment, together with all other equal and prior ranking mortgages: (a) in the case of a property purchase, does not exceed the lower of 75% of the purchase price of the underlying real property securing the mortgage and 75% of the appraised value of the underlying real property securing the mortgage as determined by a qualified appraiser; and (b) in the case of a refinancing, does not exceed 75% of the appraised value of the underlying real property securing the mortgage as determined by a qualified appraiser at the time of such refinancing.

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Commercial Mortgage Loan means a loan secured by a Lien on improved real estate used for commercial purposes.

  • Conventional Mortgage Loan Any Mortgage Loan that is not an FHA Loan.

  • 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 Drilling (Malaysia) I SDN NOTICE OF ASSIGNMENT To Whom It May Concern: Vantage Drilling Labuan I Ltd, a Labuan company limited by shares duly incorporated under the laws of Malaysia (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 vessels AQUAMARINE DRILLER and 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.

  • Mortgages means, individually and collectively, one or more mortgages, deeds of trust, or deeds to secure debt, executed and delivered by Parent or its Subsidiaries in favor of Agent, in form and substance reasonably satisfactory to Agent, that encumber the Real Property Collateral.

  • 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.

  • Existing Mortgages means each of the mortgages, deeds of trust or other agreements made pursuant to the Existing Credit Agreement by any Loan Party in favor of the Agent for the benefit of the Agent and the Lenders.

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