Security Instrument definition

Security Instrument means the multifamily mortgage, deed to secure debt or deed of trust effective as of the effective date of this Note, from Borrower to or for the benefit of Lender and securing this Note.

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Security Instrument. A written instrument creating a valid first lien on a Mortgaged Property securing a Mortgage Note, which may be any applicable form of mortgage, deed of trust, deed to secure debt or security deed, including any riders or addenda thereto.

Security Instrument means this document, which is dated _______________, _____, together with all Riders to this document.

Examples of Security Instrument in a sentence

All sums realized by ▇▇▇▇▇▇ under this clause (c), less all costs and expenses incurred by it hereunder, including attorneys’ fees and costs actually incurred, shall be applied to the indebtedness secured by the Security Instrument in such order of priority as Lender shall determine in its sole and absolute discretion.
The Security Instrument, when recorded, will create valid, perfected first priority, subject to Permitted Encumbrances, security interest in and to the Property and the Collateral in favor of Lender.
No failure by ▇▇▇▇▇▇ to insist upon the strict performance of any covenant, agreement, term or condition of this Agreement, each Note, each Security Instrument, the Pledge Agreement (if applicable) or any other Loan Documents or to exercise any right, power or remedy consequent upon a breach thereof shall constitute a waiver, express or implied, of any such breach or of such covenant, agreement, term or condition.
If Lender is made a party to any litigation concerning the Security Instrument, or the Property or the Project or any part thereof or interest therein, or the occupancy thereof by any person or entity, then Borrower shall indemnify, defend and hold Lender harmless from all claims and liability by reason of such litigation, including reasonable attorneys’ fees and expenses incurred by ▇▇▇▇▇▇, whether or not any such litigation is prosecuted to judgment.
Each Note shall be secured, in part, by a Security Instrument encumbering certain real property and improvements as described therein.

More Definitions of Security Instrument

Security Instrument means this document, which is dated ___________________________, ________, together with all Riders to this document.

Security Instrument means this document, which is dated ,

Security Instrument means any security agreement, assignment, pledge agreement, financing or other similar statement or notice, continuation statement, other agreement or instrument, or any amendment or supplement to any thereof, creating, governing or providing for, evidencing or perfecting any security interest or Lien.

Security Instrument. A written instrument creating a valid first lien on a Mortgaged Property. A Security Instrument may be in the form of a mortgage, deed of trust, deed to secure debt or security deed, including any riders and addenda thereto.

Security Instrument means, with respect to each Individual Property, that certain first priority Mortgage (or Deed of Trust or Deed to Secure Debt, as applicable) and Security Agreement, executed and delivered by Mortgage Borrower as security for the Mortgage Loan and encumbering such Individual Property, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time.

Security Instrument means the mortgage, deed of trust, deed to secure debt, or other similar security instrument encumbering the Property and securing Borrower’s performance of its Loan obligations.