Original Mortgagor definition

Original Mortgagor s obligations under the Original Agreement or any other agreement between the Holder and the Original Mortgagor. Mortgagor's obligations to Holder are embodied in this Agreement, the Subordinated Mortgage and in other express written agreements or undertakings of the Mortgagor with or to Holder. Without limiting the foregoing, Mortgagor shall have no obligation to pay any Additional Interest to Holder or to pay any documentary stamps or intangible tax on the subordinated mortgage executed by the Original Mortgagor securing the Original Agreement or the Subordinated Mortgage.
Original Mortgagor means and be defined as Roberts Properties Residential, L.P. only, and shall not include xxx transferee of the Premises encumbered by this Mortgage from the said Roberts Properties Residential, L.P. who or which may have previoxxxx been approved by State Farm as a transferee of the Premises pursuant to this Section 3.11) shall have the right, subject to the provisions of subparagraph (g) below, one time and one time only, to sell and transfer title to the Premises encumbered by this Mortgage (and without any right on the part of State Farm to change the material provisions of the Loan Documents, including, without limitation, the interest rate, the payment terms, the maturity date and/or the collateral for the Loan as currently provided) to another party (hereinafter referred to as a "Transferee") if and when, and only if and when, and provided that, prior to any such proposed sale or transfer, each of the following conditions are satisfied and fulfilled, to wit:

Examples of Original Mortgagor in a sentence

  • TAYLOR, Original Mortgagor and Real OwnerSALE ADDRESS: 707 8th Avenue,Parkesburg, PA 19365PLAINTIFF ATTORNEY: ROBERT W.

  • Talarico, Original Mortgagor and Moore Business Trust, Real Owner No. 15-00476 Judgment Amount: $152,555.92 Attorney: Robert W.

  • Eliot Pecoraro, Original Mortgagor and Danielle Pecoraro, Real OwnerMG-12-001514—$1,152,473.25Patrick J.

  • By this Assumption, [ ], a Delaware corporation (the "Additional Mortgagor"), assumes all of the rights and obligations of the Original Mortgagor under the Mortgage, jointly and severally with the Original Mortgagor.

  • The Mortgagee hereby consents to the transfer of the Vessel from the Original Mortgagor to the Additional Mortgagor and to the assumption of the Mortgage by the Additional Mortgagor.

  • The Original Mortgagor, After Foreclosure of a First MortgageJoseph G.

  • NAME: PHONE NUMBER: E-MAIL: ADDRESS: Quantity: Number of 8 foot Table (s) to rent @ $20.00 each Quantity: Number of Rack (s) – only 6 spots available.

  • The Additional Mortgagor hereby assumes all the obligations and duties of the Original Mortgagor under the Mortgage.

  • THIS AGREEMENT shall enure to the benefit of and be binding upon the respective heirs, executors, administrators, successors and assigns of each and every party hereto and wherever the singular and masculine genders are used in this Agreement the same shall be construed as meaning the plural and feminine or neuter genders where the fact or context so requires, and all covenants of the Original Mortgagor hereunder shall be joint and several.

  • All of the covenants and agreements on the part of the Original Mortgagor which are set forth in, and all the rights, privileges, powers and immunities of the Mortgagee which are provided for in the Mortgage are incorporated herein and shall apply to the Additional Mortgagor with the same force and effect as though set forth in their entirety in this Assumption.

Related to Original Mortgagor

  • Original Mortgage Loan The mortgage loan refinanced in connection with the origination of a Refinancing Mortgage Loan.

  • Additional Mortgage shall have the meaning assigned to such term in Section 5.10(c).

  • Initial Mortgage Loan A Mortgage Loan conveyed to the Trust Fund on the Closing Date pursuant to this Agreement as identified on the Mortgage Loan Schedule delivered to the Trustee on the Closing Date.

  • Residential mortgage loan means any loan primarily for

  • Initial Mortgage Loans The Mortgage Loans included in the Trust as of the Closing Date.

  • Supplemental Mortgage Loan Any Mortgage Loan other than an Initial Mortgage Loan conveyed to the Trust Fund pursuant to Section 2.01 hereof and to a Supplemental Transfer Agreement, which Mortgage Loan shall be listed on the revised Mortgage Loan Schedule delivered pursuant to this Agreement and on Schedule A to such Supplemental Transfer Agreement. When used with respect to a single Supplemental Transfer Date, Supplemental Mortgage Loan shall mean a Supplemental Mortgage Loan conveyed to the Trust Fund on that Supplemental Transfer Date.

  • Conventional Mortgage means a mortgage for which the principal amount, at the time of commitment, together with all other equal and prior ranking mortgages: (a) in the case of a property purchase, does not exceed the lower of 75% of the purchase price of the underlying real property securing the mortgage and 75% of the appraised value of the underlying real property securing the mortgage as determined by a qualified appraiser; and (b) in the case of a refinancing, does not exceed 75% of the appraised value of the underlying real property securing the mortgage as determined by a qualified appraiser at the time of such refinancing.

  • Conventional Mortgage Loan Any Mortgage Loan that is not an FHA Loan.

  • Additional Mortgaged Property has the meaning assigned to that term in subsection 6.9.

  • Commercial Mortgage Loan means a loan secured by a Lien on improved real estate used for commercial purposes.

  • Initial Mortgage Rate As to each Mortgage Loan, the Mortgage Rate in effect prior to the Initial Adjustment Date.

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • ARM Mortgage Loan A Mortgage Loan pursuant to which the interest rate shall be adjusted from time to time in accordance with the related Mortgage Note.

  • Countrywide Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Countrywide is the applicable Seller.

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.

  • REAL ESTATE MORTGAGE INVESTMENT CONDUIT (A "REMIC") AS THOSE TERMS ARE DEFINED, RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"). [FOR SUBORDINATE CERTIFICATES][THIS CERTIFICATE IS SUBORDINATE TO ONE OR MORE CLASSES OF CERTIFICATES OF THE SAME SERIES AS AND TO THE EXTENT DESCRIBED IN THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.] [FOR PRINCIPAL BALANCE CERTIFICATES][THE OUTSTANDING CERTIFICATE PRINCIPAL BALANCE HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE.] [FOR CLASS X-1 AND CLASS X-2 CERTIFICATES][THE OUTSTANDING CERTIFICATE NOTIONAL AMOUNT HEREOF AT ANY TIME MAY BE LESS THAN THE AMOUNT SHOWN ABOVE. THIS CERTIFICATE DOES NOT HAVE A CERTIFICATE PRINCIPAL BALANCE AND WILL NOT ENTITLE THE HOLDER HEREOF TO DISTRIBUTIONS OF PRINCIPAL.] [FOR REGULATION S GLOBAL CERTIFICATES][PRIOR TO THE DATE THAT IS 40 DAYS AFTER THE LATER OF (A) THE CLOSING DATE AND (B) THE COMMENCEMENT OF THE INITIAL OFFERING OF THE CERTIFICATES IN RELIANCE ON REGULATION S, THIS CERTIFICATE MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO A U.S. PERSON EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933, AS AMENDED. NO BENEFICIAL OWNERS OF THIS CERTIFICATE SHALL BE ENTITLED TO RECEIVE PAYMENT OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE POOLING AND SERVICING AGREEMENT REFERRED TO HEREIN.]

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Mortgage servicer means the mortgagee or a person other than the mortgagee to whom a mortgagor or the mortgagor’s successor in interest is instructed by the mortgagee to send payments on a loan secured by the mortgage. A person transmitting a payoff statement for a mortgage is the mortgage servicer for purposes of such mortgage.

  • Registered mortgage loan originator means any individual who:

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

  • Class P Mortgage Loan Any of the Class I-P, Class II-P or Class III-P Mortgage Loans.

  • Split Mortgage Loan Any Mortgage Loan that is part of a Loan Combination. The only Split Mortgage Loans that are assets of the Trust as of the Closing Date are those that have the respective loan numbers (as set forth on the Mortgage Loan Schedule) listed on the Loan Combination Table under the column heading “Loan No. for related Mortgage Loan.”

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.