Third Mortgage Loan definition

Third Mortgage Loan. A Mortgage Loan which constitutes a third priority mortgage lien with respect to the related Property.

Third Mortgage Loan. The term "Mortgage Loan" includes any Mortgage Loan which is Delinquent, which relates to a foreclosure or which relates to a Property which is REO Property prior to such Property's disposition by the Trust. Any mortgage loan which, although intended by the parties hereto to have been, and which purportedly was, transferred and assigned to the Trust by the Sponsor, in fact was not transferred and assigned to the Trust for any reason whatsoever shall nevertheless be considered a "Mortgage Loan" for all purposes of this Agreement. The term "Mortgage Loan" includes the term "Bulk Acquisition Loan".

Third Mortgage Loan. A Mortgage Loan which constitutes a third priority mortgage lien with respect to the related Property. Trustee: Bankers Trust Company of California, N.A., located on the date of execution of this Agreement at 3 Paxx Xxxxx, Xxxxxx, Xxxxxxxxxx 00000, x national banking association, not in its individual capacity but solely as Trustee, and any successor hereunder.

Examples of Third Mortgage Loan in a sentence

• Third Mortgage Loan: (i)Lender: (ii)Principal Balance$ (iii)Accrued Interest$ (iv)Maturity Date: (v)Other Information: Lender’s Point of Contact and Telephone #: Subtotal$ 4.Fourth Mortgage Loan: (i)Lender: (ii)Principal Balance$ (iii)Accrued Interest$ (iv)Maturity Date: (v)Other Information: Lender’s Point of Contact and Telephone #: Subtotal$ 5.

• AUTO BILLPAYER PLUSSM TERMS AND CONDITIONSAuto BillPayer Plus (“ABPP”) is a grandfathered service that allows an Account Holder to set up biweekly, semi - monthly or weekly automatic payments towards a Fifth Third Mortgage Loan or Easy Home Refi.

• If the Grantee sells, transfers, conveys or otherwise disposes of the Unit contrary to this Addendum to Grant Deed, the Promissory Note, Third Mortgage Loan Documents or the County Mortgage Loan, the Lender shall at any time thereafter, at its election, have the right to declare such disposition or other act null and void and/or seek enforcement of the terms and conditions thereof in any manner whatsoever and by law or equity.

• Loans/Mortgages represents a $6,850,000 First Mortgage Loan from Citibank, N.A. (“Citibank”), New York, New York, a $285,000 Broward County HOME Second Mortgage Loan and a $110,000 Town of Davie SHIP Third Mortgage Loan.

• Mortgages are the $13,000,000 Housing Finance Authority of St. Lucie County MMRB First Mortgage Loan, the $4,200,000 FHFC SAIL Second Mortgage Loan, the $1,575,000 FHFC ELI Third Mortgage Loan and the $2,500,000 Bank of America, N.A., “Soft-Pay” Fourth Mortgage Loan.

More Definitions of Third Mortgage Loan

Third Mortgage Loan means a Mortgage Loan secured by a Third Mortgage.

Third Mortgage Loan. A Mortgage Loan secured by a third priority mortgage lien with respect to the related Property Trustee: Any party accepting the rights and obligations of Trustee in a Pooling and Servicing Agreement.

Third Mortgage Loan. (for use with USDA's Leveraged Loan only) means an obligat ion secu r ed by a Third Mortgage on r eal proper ty locat ed in the Stat e, including Down Payment Assistance Loans, third in priority only to a Xxxx xxxx Loan and a USDA Leveraged Loan.

Third Mortgage Loan has the meaning ascribed to such term in Section 1.1(a) of the Disclosure Letter.

Third Mortgage Loan. The term "Mortgage Loan" includes any Mortgage Loan which is Delinquent, which relates to a foreclosure or which relates to a Property which is REO Property prior to such Property's disposition by the Trust. Any mortgage loan

Third Mortgage Loan. (for use with USDA's Leveraged Loan only) means an obligation secured by a Third Mortgage on real property located in the State, including Down Payment Assistance Loans, third in priority only to a Mortgage Loan and a USDA Leveraged Loan.

Third Mortgage Loan means a purchase money loan made by Grantor to Grantee in an original principal amount approximately equal to the positive difference between (a) the estimated sales price of the Unit determined as if the Unit was not subject to any affordability restrictions, less the County Mortgage Loan on that Unit, and (b) the affordable sales price for which the Grantee purchased the Unit.