Examples of Bond Mortgage in a sentence
Notwithstanding anything in this Instrument to the contrary, the Lender hereby acknowledges and consents to the lien and security interests granted or created in connection with the Bond Mortgage.
The Bond Mortgage secures (i) the obligations under the Financing Agreement, (ii) the obligations under the Bond Mortgage, and (iii) payment of all other indebtedness relating to the Mortgaged Property owing by Borrower to the Issuer.
Notwithstanding any provisions of this Instrument or any of the other Loan Documents to the contrary, it is understood and agreed that the lien, terms, covenants and conditions of this Instrument are and shall be subordinate in all respects, including in right of payment, to the Bond Mortgage, subject to the terms of the Intercreditor Agreement.
Each Bond Mortgage Note provides for computation of interest on the basis of a 360-day year comprised of twelve 30-day months to the maturity date of the Bond Mortgage Note.
The Reimbursement Mortgage, if and when properly recorded in the appropriate records, together with any Uniform Commercial Code financing statements required to be filed therewith, creates a valid, perfected second line on the Mortgaged Property, subject only to the Bond Mortgage and the exceptions set forth in Schedule B of the title insurance policy issued to Xxxxxxx Mac regarding the Reimbursement Mortgage in accordance with the terms thereof.