Variable Rate Mortgage definition
Examples of Variable Rate Mortgage in a sentence
If you the holder want to assign this Variable Rate Mortgage Note, fill in the form below and have your signature guaranteed: I or we assign and transfer this Variable Rate Mortgage Note to: (Print or Type name, address and zip code and social security or tax ID number of assignee) and irrevocably appoint ________________________, agent to transfer this Variable Rate Mortgage Note on the books of the Company.
Dated: _____________________________ Signed: _____________________________ (Sign exactly as name appears on the other side of this Note) Signature Guarantee CANAL CAPITAL CORPORATION Amended and Restated Variable Rate Mortgage Note Due May 15, 2001.
If this Mortgage is a Variable Rate Mortgage, the rate of interest chargeable on the Outstanding Principal Amount and all other monies payable under this Mortgage shall be the Interest Rate, calculated monthly, not in advance, as well after as before maturity, default and judgment until payment in full.
The equivalent rate table is for disclosure purposes of the Interest Act (Canada) and does not affect the calculation of interest under a Variable Rate Mortgage.
The following table sets out interest rates calculated half-yearly, not in advance which are equivalent to interest rates calculated monthly, not in advance for a Variable Rate Mortgage.
With respect to each Variable Rate Mortgage Loan, the Seller shall adjust the Mortgage Interest Rate on the related Interest Rate Adjustment Date and shall adjust the Monthly Payment accordingly in compliance with the requirements of applicable law and the related Mortgage and Mortgage Note.
You, when never having been in default under the terms of this Mortgage, shall have the option at any time during the Term of this Mortgage, of converting a Variable Rate Mortgage to a Fixed Rate Mortgage with a term greater than or equal to the remaining Term.
If you the holder want to assign this Variable Rate Mortgage Note, fill in the form below and have your signatured guaranteed: I or we assign and transfer this Variable Rate Mortgage Note to: (Print or Type name, address and zip code and social security or tax ID number of assignee) and irrevocably appoint ________________________, agent to transfer this Variable Rate Mortgage Note on the books of the Company.
This Supplemental Indenture shall become effective at such time as there are no Outstanding Texas Department of Housing and Community Affairs Taxable Junior Lien Single Family Variable Rate Mortgage Revenue Bonds, Series 2004A, which are the only Obligations currently Outstanding under the Indenture.
The Loan Documents for each Variable Rate Mortgage for which a Third Party Cap Agreement is required will provide that Borrower and Guarantor will be personally liable to F▇▇▇▇▇▇ Mac for failure to maintain a Third Party Cap Agreement at any time during the term of a Variable Rate Mortgage that does not provide for an internal interest rate cap.