NHMFC definition

NHMFC means the National Home Mortgage Finance Corporation, a body corporate established by the Borrower’s Presidential Decree Number 1267 dated December 21, 1977;
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Examples of NHMFC in a sentence

  • In the event of assignment /transfer of the loan and mortgage to the NHMFC, the annual premiums due from the date of such assignment/transfer shall be deducted by the NHMFC from the take-out proceeds.

  • In case the BORROWER or his/her successor-in-interest fails or refuses to pay the loan herein secured, or violates any term or conditions herein stipulated, the ORIGINATING INSTITUTION, NHMFC or its assignee/transferee may, in addition to the remedies it may have by law or under this Agreement, declare all amortizations on the loan immediately due and payable and may immediately foreclose on this mortgage, judicially or extrajudicially.

  • In case of tax foreclosure, the BORROWER agrees to pay the ORIGINATING INSTITUTION or NHMFC the total obligation within thirty (30) days from the tax foreclosure sale.

  • Without need of further notice, the BORROWER hereby agrees to the eventual assignment/transfer by ORIGINATING INSTITUTION of this Agreement and its corresponding Promissory Note (s) to the NHMFC, its assignee and successors-in-interest.

  • Provided, however, that the ORIGINATING INSTITUTION or NHMFC may adjust the rate of interest chargeable on the loan within the limits allowed by law, in the event NHMFC’s policy, as the case may be, require such adjustment.

  • As a consequence of such assignment, NHMFC is empowered, and for said purpose is hereby appointed by the BORROWER as his attorney-in-fact, to perform such acts as may be deemed necessary under the circumstances, including the power to issue cancellation and/or release of mortgages, as well as deal with the Register of Deeds concerned in all aspects of the transaction.

  • BORROWER is making this first mortgage in favor of ORIGINATING INSTITUTION and subsequently the NHMFC or its assignee/ transferee.

  • In the event the mortgaged property is sold, disposed of or otherwise transferred in whole or in part by the BORROWER, the BORROWER shall not be released from his liability but shall be liable jointly and severally with the transferee unless expressly released therefrom in writing under existing policy of the ORIGINATING INSTITUTION, the NHMFC or its transferee and successor-in-interest.

  • Every insurance policy obtained in connection with this Agreement is hereby assigned to the originating institution or NHMFC or its assignee/transferee notwithstanding BORROWER’s failure to endorse or deliver said policy, Accordingly, in case the risk insured against occurs, the ORIGINATING INSTITUTION or NHMFC or its assignee/transferee is hereby authorized to settle or liquidate all claims on said property and to apply the proceeds to settle in whole or in part BORROWER’s herein obligations.

  • It is hereby agreed and expressly understood that the SELLER may, at any time, unilaterally assign its receivables or any portion thereof to any third party or NHMFC without need of any notice to the BUYER.

Related to NHMFC

  • THCA or "Δ9-THCA" means the acid form of THC.

  • CPS means Consumer Portfolio Services, Inc., a California corporation and its successors.

  • PHH means PHH Corporation, a Maryland corporation.

  • DCFS - means COUNTY’s Department of Children and Family Services

  • ESMF means the Recipient’s framework, setting out the rules, guidelines and procedures to assess environmental and social impacts of the Project’s activities, and measures to reduce, mitigate or offset adverse social and environmental impacts and enhance positive impacts of said activities including public consultation, institutional arrangements for the implementation, monitoring and supervision of said measures, as the ESMF may be amended from time to time with the prior written approval of the Association.