Prior mortgage definition

Prior mortgage means a mortgage for which an effective release or satisfaction has not been filed of record which was either paid in full by someone other than the real estate lender or closer or was paid by the real estate lender or closer under a previous transaction.

Prior mortgage means a mortgage, deed of trust, or other instrument encumbering or conveying an

Prior mortgage means a mortgage, deed of trust, or other instrument encumbering or conveying an interest in residential real estate containing not more than one dwelling unit to secure a financing.

Examples of Prior mortgage in a sentence

• If Mortgage is given in continuation of a Prior Mortgage, the date and time (if available) of recordation of the Prior Mortgage: No Change Separate discharge amount: No Change Interest in Vessel affected: No Change Intended Effect of Instrument: to amend mortgage covenants.

• Information about Prior Mortgage (if any) Note The mortgage properties above have been verified by the Mortgagor and the Mortgagee.

• Notwithstanding anything to the contrary in this Mortgage, in the event any liens or security interests granted by the Prior Mortgage have been terminated, lapsed or otherwise invalidated, then this Mortgage shall be a new grant of mortgage, deed of trust, lien and security interest according to the terms and provisions provided herein.

• This Mortgage is granted in continuation of the Prior Mortgage within the meaning of Section 101 of Title 21 of the Liberian Code of Laws Revised as amended, and upon recordation of this Mortgage in accordance with the provisions of Title 21 of the Liberian Code of Laws Revised as amended, this Mortgage shall have preferred status as of 28 December 2007, the First Recording Date.

• This mortgage is consolidated with a Mortgage given to Xxxxxxxx Trust Company in the principal amount of $320,000.00 dated July 26, 2006 and recorded July 26, 2006 in said Clerk's Office as Instrument Number 494096-004 ("Prior Mortgage"), which Prior Mortgage has a principal balance of $318,814.29 as of the date hereof, so as to form a single, consolidated mortgage lien securing the principal sum of $1,050,000.00.

More Definitions of Prior mortgage

Prior mortgage means the mortgage(s) or similar security document(s) of all or part of the Collateral, to which this Deed of Trust is subordinate, set forth in the title policy insuring the lien hereof together with the note(s) secured thereby and all other documents securing said note(s).

Prior mortgage means a mortgage, deed of trust, or other instrument encumbering

Prior mortgage shall have the meaning provided in Recital B.

Prior mortgage shall have the meaning assigned to such term in the Mortgage.

Prior mortgage means the original loan to Owner secured by a mortgage on the Exemption Area that was insured under Section 236 of the National Housing Act, as amended.

Prior mortgage shall have the meaning set forth in the Indenture. “Required Consent” shall have the meaning set forth in Section 5.04 hereof.

Prior mortgage means, with respect to each Interval and with respect to CIT’s interest in the Property, any first Mortgage recorded in the office of the County Recorder of Riverside County, California and given in good faith and for value.