New Mortgagee definition

New Mortgagee has the meaning stated in Section 21.
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Examples of New Mortgagee in a sentence

  • If the Seller is currently on ACH (automatic payment for the monthly condominium fee) it is the Seller’s responsibility to notify the Management Company to cancel the automatic deduction.Notice of New Mortgagee: Mortgagees have important notification rights regarding your Unit.

  • The New Mortgagee agrees to its interest in the Land being subject to the obligations contained within the Section 106 Agreement (as varied by this Deed) PROVIDED THAT the New Mortgagee shall not be liable pursuant to the Section 106 Agreement (as varied by this Deed) unless and until it enters into possession of the Land (or any part of it).

  • Company Limited (the New Mortgagee) registered in England with number 1863305 whose registered office is at Xxxxxxxx Xxxxxxxx Xxxx, Xxxxxx XX0X 0XX.

  • The Manager agrees to enter into a deed on the same terms and conditions as this Deed with any Qualifying New Mortgagee.

  • Notice of New Mortgagee: Mortgagees have important notification rights regarding your Unit.

  • Xxxxxxxxxx ----------------------------------- Notary Public My Commission Expires: April 30, 1999 [NOTARIAL SEAL] SUNTRUST BANK, ATLANTA, not in its individual capacity but solely as the New Mortgagee By: /s/ Xxxxxx X.

  • D The New Mortgagee has the benefit of a legal charge dated 28 May 2010 over part of the Land (being land registered at HM Land Registry under title numbers EX 515913 and EX3937) which was registered at HM Land Registry on 2 July 2010.

  • The Mortgagee must not Transfer, or permit the Transfer, of the Owner's Mortgage other than to a Qualifying New Mortgagee.

Related to New Mortgagee

  • Mortgagee The mortgagee or beneficiary named in the Mortgage and the successors and assigns of such mortgagee or beneficiary.

  • First Mortgagee means the holder of any First Mortgage.

  • Eligible Mortgagee means the holder of a security interest on a unit that has filed with the secretary of the association a written request that it be given copies of notices of any action by the association that requires the consent of mortgagees.

  • Facility Mortgagee means the holder of any Facility Mortgage.

  • Leasehold Mortgagee means the holder of a Leasehold Mortgage.

  • Ground Lessor means each lessor that has executed a Ground Lease (collectively, the “Ground Lessors”).

  • Lessor means a person who transfers the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessor.

  • Mortgagor The obligor on a Mortgage Note.

  • Superior Landlord means the person for the time being who owns the interest in the Premises which gives him the right to possession of the Premises at the end of the Landlord’s lease of the Premises.

  • FHA Approved Mortgagee A corporation or institution approved as a mortgagee by the FHA under the Act, and applicable HUD regulations, and eligible to own and service mortgage loans such as the FHA mortgage loans.

  • Leasehold Mortgage means a mortgage, a deed of trust, a deed to secure debt, or other security instrument by which the Leasehold is mortgaged, conveyed, assigned, or otherwise transferred to secure a debt or other obligation.

  • Existing Mortgage has the meaning specified in Section 5.02(a)(vi).

  • Blanket Mortgage The mortgage or mortgages encumbering a Cooperative Property.

  • Successor Landlord shall have the meaning given such term in Section 20.2.

  • Fee Mortgage Any mortgage, pledge agreement, security agreement, assignment of leases and rents, fixture filing or similar document creating or evidencing a lien on Landlord’s interest in the Leased Property or any portion thereof (or an indirect interest therein, including without limitation, a lien on direct or indirect interests in Landlord) in accordance with the provisions of Article XXXI hereof.

  • Landlord means the owner, lessor or sublessor of the dwelling unit or the building of which such

  • Second Mortgage means a mortgage from which the proceeds of a loan or other extension of credit made by a third person are secured by a mortgage on the real property for which the mortgagor has used the proceeds of the loan or other extension of credit to pay all or part of the purchase price of the property.

  • Facility Mortgage As defined in Section 13.1.

  • FHA Mortgage Insurance Contract means the contractual obligation of the FHA respecting the insurance of a Mortgage Loan.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Sublessor means one who conveys real property by sublease."

  • Ground Lessee means the Owner Lessor as lessee of the Ground Interest under the Facility Site Lease.

  • Reverse mortgage means a nonrecourse loan under which both of the following apply:

  • Assignment of Mortgage An assignment of the Mortgage, notice of transfer or equivalent instrument in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage to the Purchaser.

  • Sublandlord means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver the then existing Letter of Credit to the transferee of Sublandlord’s interest under this Sublease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto. In addition, Sublandlord shall comply with all of its obligations as “Tenant” under the Master Lease except to the extent that any such obligation is the obligation of Subtenant pursuant to the terms of this Sublease. Notwithstanding any other term or provision of this Sublease, the liability of Subtenant to Sublandlord for any default in Subtenant’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Sublandlord, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Subtenant (or otherwise be indemnified by Subtenant) for lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, except for any breach by Subtenant under Section 12 of the Master Lease. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Subtenant’s shareholders, directors, officers, or partners on account of any of Subtenant’s obligations or actions under this Sublease.

  • Underlying Mortgaged Property With respect to each Co-op Loan, the underlying real property owned by the related residential cooperative housing corporation.