HUD Mortgage definition

HUD Mortgage means the original loan made by HUD to the HDFC in connection with the Section 202 Supportive Housing Program for the Elderly, which loan was secured by a mortgage on the Exemption Area.
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HUD Mortgage means the Section 223(f) insured mortgage made by HUD on October 13, 2006, to the HDFC in connection with the Section 202 Supportive Housing Program for the Elderly, which loan was secured by a mortgage on the Exemption Area.
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HUD Mortgage means the currently outstanding mortgage indebtedness, in the approximate amount of Five Million Sixty-Two Thousand Two Hundred Eighteen and 49/100 Dollars ($5,062,218.49) (as of April 1, 2007), which mortgage indebtedness is secured by mortgage or deed of trust liens against the BayView Facility in favor of PFC Corporation and which mortgage indebtedness is insured by HUD pursuant to the National Housing Act.
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Examples of HUD Mortgage in a sentence

  • On or before the Closing Date, WH and DRE have entered into the Real Property Transfer Agreement, substantially in the form of Exhibit C (“RPTA”), pursuant to which WH will transfer the real property and improvements owned by the Hospital, whether located at the Hospital campus or elsewhere, to DRE, subject to the HUD Mortgage, effective at the Effective Time, all on the terms set forth in the RPTA.

  • This Mortgage shall at all times remain subordinate to (i) the Multifamily Mortgage, Security Agreement, Assignment of Rents and Fixture Filing, dated as of the date hereof, by the Borrower for the benefit of ORIX Real Estate Capital, LLC (the “HUD Mortgage”), and (ii) the Leasehold Mortgage (Seller Loan), dated as of the date hereof, by the Borrower for the benefit of the Lender (the “Seller Mortgage” and together with the HUD Mortgage, the “Senior Mortgages”).

  • In addition, and without limiting the generality of the foregoing, WH and Diocese shall negotiate in good faith any amendments to this Agreement and agree to any reasonable amendments to the RPTA or Master Hospital Lease as are necessary to obtain any consents to the transactions contemplated by this Agreement, the RPTA or the Master Hospital Lease under the HUD Mortgage.

  • In addition, and without limiting the generality of the foregoing, WVUHS shall negotiate in good faith any amendments to this Agreement and agree to any reasonable amendments to the RPTA or Master Hospital Lease as are necessary to obtain any consents to the transactions contemplated by this Agreement, the RPTA or the Master Hospital Lease under the HUD Mortgage.

  • To the extent the rights and/or remedies under the HUD Mortgage conflict with the rights and/or remedies of the Lender hereunder, then the rights and/or remedies under the HUD Mortgage shall control, and the Lender shall do no act or deed which, either directly or indirectly adversely affects such rights and/ or remedies of the lender under the HUD Mortgage.

  • Further, the terms of this Mortgage and the rights and remedies of the Lender hereunder shall be subject and subordinate to the lien, terms, covenants and conditions of the HUD Mortgage.

  • To the extent the terms, covenants and/or conditions of this Mortgage are contrary to or inconsistent with the terms, covenants or conditions of the HUD Mortgage, with the result that the Borrower's performance or compliance with such terms, covenants and/or conditions shall constitute a default under the HUD Mortgage, then such contrary or inconsistent terms, covenants and/or conditions under this Mortgage shall be null and void.


More Definitions of HUD Mortgage

HUD Mortgage means the original loans made by HUD to the Exemption Area in connection with the Section 202 Supportive Housing Program for the Elderly, which loans were secured by mortgages on the Exemption Area.
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HUD Mortgage shall have the meaning set forth in the Recitals.
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Related to HUD Mortgage

  • Second Mortgage means a mortgage from which the proceeds of a loan or other extension of credit made by a third person are secured by a mortgage on the real property for which the mortgagor has used the proceeds of the loan or other extension of credit to pay all or part of the purchase price of the property.

  • Mortgage shall have the meaning assigned to such term in the recitals.

  • First Mortgage Loan A Home Equity Loan which constitutes a first priority mortgage lien with respect to any Property.

  • Leasehold Mortgage means any leasehold deed of trust, mortgage, deed to secure debt, assignment of leases and rents, assignment, security agreement, or other security document securing financing from a lender of Tenant and encumbering Tenant’s leasehold interest in any Demised Property.

  • Registered mortgage loan originator means any individual who: