Examples of MH Note in a sentence
The MH Note, MH Contract and all other documents contained in the Loan Files are on forms acceptable in the secondary market.
The terms of the MH Note, the MH Loan and the MH Contract have not been impaired, waived, altered or modified in any respect, except by a written instrument identified in the Loan File and which has been recorded, if necessary to protect the interests of the Buyer.
Neither the MH Contract nor the MH Note were originated in or are not subject to the laws of any jurisdiction whose laws would make the transfer of the MH Contract or the MH Note pursuant to this Repurchase Agreement unlawful or render the MH Contract or MH Note unenforceable.
The MH Note and/or MH Contract, and every other agreement, if any, executed and delivered by the Obligor in connection with the MH Loan, are genuine, and each is the legal, valid and binding obligation of the maker thereof enforceable in accordance with its terms.
Pursuant to the terms of: (i) the MH Loan, the MH Contract, the MH Note, the related Manufactured Home is insured by a Qualified Insurer against loss by fire and such other risks as are usually insured against in the broad form of extended coverage hazard insurance available from time to time.
The Seller has no knowledge of any circumstances or conditions with respect to the MH Contract, the MH Note, the Obligor or the Obligor's credit standing that can reasonably be expected to cause private institutional investors to regard the MH Loan as an unacceptable investment, cause the MH Loan to become delinquent, or adversely affect the value or marketability of the MH Loan.
All costs, fees and expenses incurred in making or closing the MH Loan and the filing of Uniform Commercial Code financing statements were paid, and the Obligor is not entitled to any refund of any amounts paid or due under the MH Note or the MH Contract.
All parties to the MH Note, the MH Loan and the MH Contract, and each other such related agreement had legal capacity to enter into the MH Loan and to execute and deliver the MH Note, the MH Loan and the MH Contract, and each other such related agreement, and the MH Note, the MH Loan and the MH Contract and each other such related agreement have been duly and properly executed by the respective Obligors.
The MH Note and/or the MH Contract obligates the Obligor thereunder to maintain the hazard insurance policy at the Obligor's cost and expense, and on the Obligor's failure to do so, authorizes the holder of the MH Note and/or the MH Contract to obtain and maintain such insurance at such Obligor's cost and expense, and to seek reimbursement therefor from the Obligor.
The words "Subordinated Indebtedness" as used in this Agreement mean all present and future indebtedness, obligations, liabilities, claims, rights and demands of any kind which may be now or hereafter owing from Borrower to Creditor pursuant to the ACM Note and the MH Note.