REO SECURITY DOCUMENTS definition
REO SECURITY DOCUMENTS means those certain mortgages or deeds of trust, assignments of leases and rents, security agreements, and appropriate UCC financing statements, all in form and substance satisfactory to the Lender, as required by the Lender, for each REO Property, to be executed by each REO Affiliate in favor of Borrower and pursuant to the terms of which, as security for the applicable REO Note (and, at Lender's option, the Note), there shall be (a) granted and conveyed to Borrower Liens upon each REO Property (including, all personal property associated therewith) owned by such REO Affiliate from time to time as is described therein and (b) assigned to Borrower all leases and rents with respect thereto; as the same may be amended, renewed, modified, extended, or restated from time to time with the prior written consent of Lender.
REO SECURITY DOCUMENTS means those certain mortgages or deeds of trust, assignments of leases and rents, security agreements, and appropriate UCC financing statements, all in form and substance satisfactory to the Lender, as required by the Lender, for each REO Property, to be executed by each REO Affiliate in favor of Borrower and pursuant to the terms of which, as security for the applicable REO Note (and, at Lender's option, the Note), there shall be (a) granted and conveyed to Borrower Liens upon each REO Property (including, all personal property associated therewith) owned by such REO Affiliate from time to time as is described therein and (b) assigned to Borrower all leases and rents with respect
REO SECURITY DOCUMENTS means the Mortgages and all related assignments of leases and rents, security agreements, and appropriate UCC financing statements, all in form and substance sufficient to grant first priority liens covering each REO Property (including, all personal property associated therewith), in favor of the Company as security for the applicable REO Note as the same may be amended, renewed, modified, extended or restated from time to time with the prior written consent of Servicer.
More Definitions of REO SECURITY DOCUMENTS
REO SECURITY DOCUMENTS means mortgages or deeds of trust, assignments of leases and rents, security agreements and appropriate UCC financing statements, in form and substance satisfactory to Agent, as required by Agent in its sole discretion for each REO Property, to be executed by each REO Affiliate in favor of Borrower and pursuant to the terms of which, as security for the applicable REO Note (and, at Lenders’ option, the Notes), there shall be (a) granted and conveyed to Borrower Liens upon each REO Property (including, all personal property associated therewith) owned by such REO Affiliate from time to time as is described therein and (b) assigned to Borrower all leases and rents with respect thereto; as the same may be amended, renewed, modified, extended or restated from time to time with the consent of Agent.
REO SECURITY DOCUMENTS means the Mortgages and all related
REO SECURITY DOCUMENTS means those certain mortgages or deeds