Mortgage Note or Note definition
Mortgage Note or Note. With respect to each Mortgage Loan, the promissory note evidencing the indebtedness of the related Borrower, together with any rider, addendum or amendment thereto, or any renewal, substitution or replacement of such note.
Mortgage Note or Note. The promissory note or other evidence of the indebtedness of a Mortgagor secured by a Mortgage and any riders thereto. 1.34 Mortgaged Property: With respect to any Mortgage Loan, the Mortgagor’s real property (or leasehold estate, if applicable) securing repayment of a related Mortgage Note, consisting of an unsubordinated estate in fee simple or, with respect to real property located in jurisdictions in which the use of leasehold estates for residential properties is a widely accepted practice, a leasehold estate, in a single parcel or multiple contiguous parcels of real property improved by a residential dwelling. 1.35 Mortgagor: The obligor on the related Mortgage Note. 1.36 OFAC: The Office of Foreign Assets Control, Department of the Treasury. 1.37 Offering Document: Any prospectus, prospectus supplement, offering circular, offering memorandum, private placement memorandum, term sheet or other offering materials used to offer and sell Mortgage Loans, interests therein and/or securities secured or backed thereby in connection with any Securitization Transaction. 1.38 Orders: Executive Order No. 133224, 66 Fed. Reg. 49079 (Sept. 25, 2001) and any enabling legislation or other Executive Orders or regulations in respect thereof.
Mortgage Note or Note. The original executed promissory note, dated the Closing Date, evidencing, in the aggregate, the indebtedness of the Mortgagors under the Mortgage Loan.
Examples of Mortgage Note or Note in a sentence
The Mortgage Loans will be evidenced by non-recourse mortgages or deed of trust notes (the "Mortgage Note" or "Note") which will be secured by a mortgages or deeds of trust, assignment of rents and security agreements (the "Mortgage") creating, among other things, first liens on the Borrower's fee simple interest in the Projects referenced in Section 2 hereof.
More Definitions of Mortgage Note or Note
Mortgage Note or Note. With respect to each Mortgage Loan, the promissory note evidencing the indebtedness of the related Borrower, together with any rider, addendum or amendment thereto, or any renewal, substitution or replacement of such note. “Mortgage Rate”: The stated rate of interest on a Mortgage Loan. “Mortgaged Property”: With respect to any Mortgage Loan or Mezzanine Loan, the commercial, multi-family housing community and/or multi-family mortgage property or properties directly or indirectly securing such Mortgage Loan or Mezzanine Loan, as applicable. ▇▇▇▇▇▇▇▇.