Mortgage Cure definition
Mortgage Cure. The occurrence of one of the following conditions:
Examples of Mortgage Cure in a sentence
The MPI Policy shall not terminate with respect to any individual Delinquent Mortgage until a Mortgage Cure has occurred as to such Mortgage, and this Pool Insurance Agreement shall not terminate with respect to such Mortgage until such termination date.
At the time of the Policy Termination Date, Seller shall identify those Insured Mortgages for which coverage does not terminate, and shall continue to monitor and take all appropriate actions with regard to those Insured Mortgages until such time as coverage actually terminates following Mortgage Cure.