Examples of Mortgaged Land in a sentence
Article 365 (Claim for Auction of Building on Mortgaged Land) Where the mortgagor has constructed a building on the land after a mortgage was created over the land, the mortgagee may sell such building by auction together with the land: Provided, That he has no right to obtainpayment out of the auction proceeds of the building in preference to all others.
The lien of the Deed of Trust shall constitute a first mortgage Lien of record on the Mortgaged Land and a first security interest of record in all other Collateral, subject only to such Permitted Liens as Lender shall approve.
Notwithstanding any provision to the contrary in the Security Instrument or other Loan Documents, Borrower may enter into tenant leases of the Mortgaged Land to unrelated third parties providing for rental and other terms and conditions reasonably determined by Borrower to be consistent with the then current market for such property; provided that all such leases shall be subordinate to the lien and security interest In such Mortgaged Land created by the Security Instrument.
If requested, Lender shall have received a Level I, Phase I environmental report relating to the Mortgaged Land, and such additional environmental reports as Lender shall have requested, in form and substance satisfactory to Lender and prepared by a consultant satisfactory to Lender.
This includes but is not limited to the program application, NEPA certification, NDPES permits, easements, proper plans and pay items meeting MDOT requirements, MDOT field manager, and other necessary construction paperwork.
Lender shall have had made available to it such evidence as may be requested by it and satisfactory to it that the Mortgaged Land is in material compliance with all applicable laws, rules and regulations.
ITEM 2 – Parcel Identifier(s) and Legal Description(s) of the Mortgaged Land Instruction(1) Enter the 9 digit parcel identifier number (PID) of each parcel to be charged in the space provided in Item 2, followed by the legal description of the land matching the PID number.
Without Lender’s consent, Borrower shall not lease any Mortgaged Land for a period greater than one (1) year.
Effect of Death, Fraud, Acknowledgement in Writing, Payment on Account of Debtor of Interest on Legacy, Effect of Receipt of Produce of Mortgaged Land, Effect of Substitution or Adding New Parties.
The proposed methods preform the best using Haar wavelet (Pollen wavelets with angle π/2), and the simulation results are shown in Table 1.1 to Table 1.3 for fBm of sizes N = 210, N = 211, and N = 212, respectively.