Florida Mortgage definition

Florida Mortgage means any consolidated, amended and restated mortgage by and from a Subsidiary of the Borrower that owns a Florida Property to the Administrative Agent for the benefit of the Lenders, in substantially the form of Exhibit G-2 hereto, along with any Uniform Commercial Code financing statements related thereto.

Florida Mortgage has the meaning specified in Section 4.11(a).

Florida Mortgage means the Amended and Restated Mortgage, Security Agreement, Assignment of Rents and Fixture Filing, executed and delivered to the Senior Administrative Agent by the Florida Resort Owner securing the Senior Loans, as such document may be amended, restated, modified or supplemented from time to time.

Examples of Florida Mortgage in a sentence

• Promissory Notes, Nonnegotiable Notes, and Written Obligations to Pay Money Made, Executed, and Delivered in Another State, and not Secured by a Florida Mortgage: Promissory notes, nonnegotiable notes, and written obligations to pay money (hereinafter, called notes) made, executed, and delivered to a Florida lender in another state are not subject to Florida’s documentary stamp tax.

• Any claim or reference as to a school’s knowledge of the State of Florida Mortgage Broker Test questions and answers.

• Secured by Florida Mortgage only: When a note is made in Florida and is secured by a mortgage on Florida property and is also secured by an out-of-state mortgage, tax is due on the full amount of the note (with a maximum tax due of $2450), the percentage of the indebtedness which the value of the mortgaged property located in Florida bears to the total value of all the mortgaged property, or the value of the property located in Florida, whichever is greater.

• Secured by Florida Mortgage only: When Where a mortgage describing and pledging only the Florida property is recorded in Florida, which only partially secures an out-of-state loan, and the loan is also secured by a mortgage(s) on out-of-state property, only a pro-rata prorata portion of the indebtedness secured by the Florida mortgage is taxable.

• Any claim or reference as to a school's knowledge of the State of Florida Mortgage Broker Test questions and answers.

More Definitions of Florida Mortgage

Florida Mortgage means the Mortgage from JLM Marketing and JLM Industries in favor of the Bank, dated December 2, 1992, as recorded in Official Records Book 6812, page 1027, of the public records of Hillsborough County, Florida as modified by the First Florida Mortgage Modification.

Florida Mortgage means that certain Mortgage and Security Agreement of even date herewith securing the Florida Note, executed by Borrower and Guarantor for the benefit of Beneficiary.

Florida Mortgage means the Mortgage, Assignment of Leases and Security Agreement, dated June 28, 1996, as amended and restated on the Amended and Restated Closing Date, in form and substance satisfactory to the Lender, by which Cxxxxx has granted to the Lender a mortgage lien in certain real property located in the County of Polk, State of Florida, together with all amendments, modifications, exhibits, and other schedules thereto as may be in effect from time to time.

Florida Mortgage has the meaning given to such term in Section 3.1(G) hereof.

Florida Mortgage means a Leasehold Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing, of even date herewith, covering each Leasehold Property located in the State of Florida and executed by the respective Leasehold Borrower(s) thereof in favor of Lender, as amended, supplemented, replaced and/or restated from time to time.

Florida Mortgage means that certain Deed to Secure Debt, in substantially the form of Exhibit H hereto, covering the property of Cruises Only, LLC located in Orlando, Florida and to be executed by Cruises Only, LLC and delivered to Lender as a condition to Lender's obligation to make the Term Loan as provided in Section 4.02 hereof.

Florida Mortgage means that certain Mortgage and Security Agreement, dated as of April 29, 1998 and recorded in the Official Records of Orange County, Florida at Book 5470, Page 1099, as amended by that certain Modification to Mortgage and Security Agreement, dated as of June 30, 1999, covering the property of Cruises Only, LLC located in Orlando, Florida and executed by Cruises Only, LLC and delivered to the Lender as a condition to Lender's obligation to make the Term Loan.