Special Hazard Mortgage Loan definition

Special Hazard Mortgage Loan. A Liquidated Mortgage Loan as to which a Special Hazard Loss has occurred.
Special Hazard Mortgage Loan. Not applicable.
Special Hazard Mortgage Loan. Any Liquidated Mortgage Loan as to which the ability to recover thereon was substantially impaired by reason of a hazard or loss not covered by a hazard policy or flood insurance policy maintained in respect of such Mortgaged Property pursuant to Section 3.12.

Examples of Special Hazard Mortgage Loan in a sentence

  • I-26 Special Hazard Loss Coverage Amount...................................I-27 Special Hazard Mortgage Loan..........................................

  • Fire regulations prohibit stoves, hot plates, or other appliances with heating elements in non-apartment units.

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More Definitions of Special Hazard Mortgage Loan

Special Hazard Mortgage Loan. A Liquidated Mortgage Loan as to which the ability to recover the full amount due thereunder was substantially unpaired by a hazard not insured against under a standard hazard insurance policy.
Special Hazard Mortgage Loan. Any Liquidated Mortgage Loan as to which the ability to recover thereon was substantially impaired by reason of a Special Hazard Event.
Special Hazard Mortgage Loan. A Liquidated Mortgage Loan as to which a Special Hazard Loss has occurred. S&P or Standard & Poor’s: Standard & Poor’s Ratings Services, a division of The XxXxxx-Xxxx Companies, Inc. If S&P is designated as a Rating Agency in the Preliminary Statement, for purposes of Section 10.05(b) the address for notices to S&P shall be Standard & Poor’s Ratings Services, 00 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, Attention: Mortgage Surveillance Monitoring, or such other address as S&P may hereafter furnish to the Depositor and the Master Servicer.
Special Hazard Mortgage Loan. With respect to the Combined Mortgage Loans, a Liquidated Mortgage Loan as to which a Special Hazard Loss has occurred.
Special Hazard Mortgage Loan. A Liquidated Loan in Loan Group II as to which a Special Hazard Loss has occurred.
Special Hazard Mortgage Loan. A Liquidated Loan as to which a Special Hazard Loss has occurred. SoCal: Kirkwood Financial Corporation d/b/a SoCal Loan, a California corporation, and its successors and assigns, in its capacity as seller of the SoCal Mortgage Loans to the Transferor.