SC Mortgage definition

SC Mortgage means the deed of trust creating a first mortgage lien on ----------- the SC Property dated as of the Closing Date, from SC to or for the benefit of the Lender.
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Examples of SC Mortgage in a sentence

  • None of the foregoing shall --------------------- constitute an Event of Default if after the occurrence thereof and after the expiration or waiver of the rights, if any, of ground lessor under the Ground Lease to purchase the SC Note and SC Mortgage, SC tenders a cure for such Event of Default or a plan to cure such Event of Default and the Lender accepts such tender, such acceptance to contain such conditions as the Lender, in the exercise of its sole discretion, may require.

  • SC shall pay and indemnify and hold the Lender harmless from and against any present or future claim for liability for United States, state or local taxes or assessments on the ownership by the Lender of the debt obligations of SC evidenced by the SC Note, the SC Mortgage or on the principal, interest, fees or other amounts payable under any Transaction Document or otherwise in respect of the SC Debt (other than income or franchise taxes imposed on the Lender or its Affiliates by any jurisdiction).

  • SC shall appear in and defend any Action that might in any way in the good faith judgment of the Lender affect the value of the SC Property, the priority of the SC Mortgage or the rights and powers of the Lender.

  • MHP shall appear in and defend any Action that might in any way in the good faith judgment of the Lender affect the value of the MHP Properties or the SC Property, title to the MHP Properties or the SC Property, the priority of the MHP Mortgages or the SC Mortgage or the rights and powers of the Lender.

  • This Agreement and the rights and ------------- obligations of the parties under the Transaction Documents (except for the SC Mortgage and the assignment of leases, rents and profits, dated the Closing Date, from SC to the Lender which shall be governed by the law of the jurisdiction in which the SC Property is located) shall be governed by the internal laws of the State of New York.

  • MHP shall pay the cost of suit, cost of evidence of title and reasonable attorneys' fees and disbursements in any Action brought by the Lender to foreclose any MHP Mortgage or the SC Mortgage, including trial and any appeal with respect to any such Action.

  • SC shall pay the cost of suit, cost of evidence of title and reasonable attorneys' fees and disbursements in any Action brought by the Lender to foreclose the SC Mortgage including trial and any appeal with respect to any such Action.