Mortgage Note do not definition

Mortgage Note do not contain any evidence of any security interest or other interest or right thereto. Such lien is free and clear of all adverse claims, liens and encumbrances having priority over the first lien of the Mortgage subject only to (1) the lien of non-delinquent current real property taxes and assessments not yet due and payable, (2) covenants, conditions and restrictions, rights of way, easements and other matters of the public record as of the date of recording which are acceptable to mortgage lending institutions generally and either (A) which are referred to or otherwise considered in the appraisal made for the originator of the Mortgage Loan, or (B) which do not adversely affect the Appraised Value of the Mortgaged Property as set forth in such appraisal, and (3) other matters to which like properties are commonly subject which do not materially interfere with the benefits of the security intended to be provided by the Mortgage or the use, enjoyment, value or marketability of the related Mortgaged Property. Any security agreement, chattel mortgage or equivalent document related to and delivered in connection with the Mortgage Loan establishes and creates a valid, subsisting, enforceable and perfected first lien and first priority security interest on the property described therein, and the Depositor has the full right to sell and assign the same to the Trustee for the benefit of the Certificateholders;
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Examples of Mortgage Note do not in a sentence

  • The Mortgage and the Mortgage Note do not contain any evidence of any security interest or other interest or right thereto.

  • The Mortgage and the Mortgage Note do not contain any evidence on their face of any security interest or other interest or right thereto.

  • The Mortgage and the Mortgage Note do not contain any evidence of any senior security interest in the Mortgaged Property or other senior interest or senior right thereto.

  • The Mortgage and the Mortgage Note do not contain any evidence of any security interest or other interest or right thereto, other than the interest of Seller.

  • The Mortgage and the Mortgage Note do not contain any evidence of any other security interest or other interest or right thereto.

  • The Mortgage and the Mortgage Note do not contain any evidence of any security 108 interest or other interest or right thereto.

  • In such event or in the event the related Mortgage and Mortgage Note do not contain a "due-on-sale" clause, the Servicer shall enter into an assumption and modification agreement with the person to whom such property has been or is about to be conveyed, pursuant to which such person becomes liable under the Mortgage Note and, unless prohibited by applicable law or the Home Loan documents, the Mortgagor remains liable thereon.

  • The Mortgage and the Mortgage Note do not contain any evidence of any Security interest or other interest or right thereto.