Examples of Mortgage Loan Principal Balance in a sentence
If any such property or the proceeds thereof shall be applied in reduction of the Mortgage Loan Principal Balance, then each Holder shall be entitled to receive its share of such application in accordance with the terms of this Agreement.
Description of Mortgage Loan Borrower: PHR LA Mart DE, LLC Mortgage Loan Origination Date: April 13, 2022 Initial Principal Amount of Mortgage Loan: $150,000,000 Co-Lender Closing Date Mortgage Loan Principal Balance: $150,000,000 Location of Mortgaged Property: 0000 Xxxxx Xxxxxxxx and 0000 X.
Description of Mortgage Loan Borrower: LBA Tract E Jacksonville FL LLC Mortgage Loan Origination Date: May 23, 2017 Initial Principal Amount of Mortgage Loan: $29,935,000 Co-Lender Closing Date Mortgage Loan Principal Balance: $29,935,000 Location of Mortgaged Property: Jacksonville, Florida Current Use of Mortgaged Property: Single Tenant Office Mortgage Interest Rate: Prior to the Anticipated Repayment Date, 5.02% per annum.
Amount ----- -------------- (a) Closing Mortgage Loan Principal Balance: 1.
Except as otherwise provided in this Agreement and the Servicing Agreement, the Note B Holder shall have no interest in any property taken as security for the Mortgage Loans, provided, however, that if any such property or the proceeds of any sale, lease or other disposition thereof shall be applied in reduction of the Mortgage Loan Principal Balance, then the Note B Holder shall be entitled to receive its share of such application in accordance with the terms of this Agreement.