Collateral Assignment Of Mortgage Definition - Law Insider

Collateral Assignment of Mortgage definitionCollateral Assignment of Mortgage means, that certain Collateral Assignment of Leasehold Mortgage dated as of the date hereof, made by the Issuer in favor of the Trustee, as the same may be amended or supplemented from time to time.View SourceBased on 4 documents4Draft with AISplit ViewAI-Powered Contracts

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Get StartedSchedule a DemoCollateral Assignment of Mortgage means, with respect to any Mortgage Loan, a Collateral Assignment of Mortgage and Other Documents, notice of transfer or equivalent instrument, substantially in the form attached hereto as Exhibit M, in recordable form, sufficientView SourceBased on 4 documents4Draft with AICollateral Assignment of Mortgage means a collateral assignment of the Mortgage (and any assignment of leases and rents, if applicable) related to a Pledged Loan, to be in substantially the form of Exhibit G (adapted as appropriate for each applicable recording office). If the Mortgage Loan includes a separate Assignment of Leases and Rents, the term “Collateral Assignment of Mortgage” will include the related separate collateral assignment of such Assignment of Leases and Rents if required by the applicable recording office.View SourceBased on 3 documents3Draft with AI

Examples of Collateral Assignment of Mortgage in a sentence

• The Collateral Assignment of Mortgage and related Collateral Assignment of Assignment of Leases, if any, or assignment of any other agreement executed in connection with such Mortgage Loan constitutes the legal, valid and binding assignment of such Mortgage from Borrower to or for the benefit of Agent, and validly grants a security interest in such Mortgage Loan to or for the benefit of Agent free and clear of any other pledge, lien, encumbrance or security interest.

• Collateral Assignment of Mortgage and Security Instruments...40 Section 5.14.

• Notwithstanding the reference in any existing recorded or unrecorded Collateral Assignment of Mortgage made by Borrower to Lender indicating that such Collateral Assignment is security for the Note in the principal amount of up to $5,000,000.00 or any other amount, each and every such existing Collateral Assignment shall be deemed to be, and hereby is, re-assigned to Lender to constitute security for the Consolidated Loan of up to $7,000,000.00.

• The Collateral Assignment of Mortgage Loan Documents, duly executed by Borrower.

• Borrower shall have executed and delivered to Agent a Collateral Assignment of Mortgage and a Collateral Assignment of Assignment of Leases with respect to the Mortgage Loan and such Collateral Assignment of Mortgage and Collateral Assignment of Assignment of Leases shall be filed of record in the appropriate filing office in the jurisdiction in which the related Mortgaged Property is located or irrevocably delivered to a title agent for such recordation.

• The Note and Borrower's obligations hereunder and under all other Loan Documents shall be secured by (a) liens upon the Mortgage Loan pursuant to the Collateral Assignment of Mortgage, (b) liens upon the REO Properties pursuant to the REO Mortgages and (c) all other security interests and Liens granted in this Agreement and in the other Loan Documents.

• A Termination of Collateral Assignment of Mortgage dated February 28, 2017, and recorded March 6, 2017 as CRFN 2017000087412.

• With respect to each Mortgage Loan, the Borrower shall have executed and delivered to the Lender a Collateral Assignment of Mortgage.

• Each such Collateral Assignment of Mortgage shall be delivered to Lender within seven days after the closing of the applicable Mortgage Loan.

• Notwithstanding the reference in any existing recorded or unrecorded Collateral Assignment of Mortgage made by Borrower to Lender indicating that such Collateral Assignment is security for the Note in the principal amount of up to $5,000,000.00, $7,000,000.00 or any other amount, each and every such existing Collateral Assignment shall be deemed to be, and hereby is, re-assigned to Lender to constitute security for the Consolidated Loan of up to $7,700,000.00.

More Definitions of Collateral Assignment of Mortgage

Collateral Assignment of Mortgage means the collateral assignment of mortgage made by the Borrower in favor of the Administrative Agent which encumbers the Borrower’s right, title and interest in the Interim Mortgage.View SourceBased on 2 documents2Draft with AICollateral Assignment of Mortgage will include the related separate collateral assignment of such Assignment of Leases and Rents if required by the applicable recording office.View SourceBased on 1 documents1Draft with AICollateral Assignment of Mortgage means collectively, those certain collateral assignments of First Mortgage Receivables given by Loan Parties for the benefit of Lender, together with any further collateral assignments of mortgages given in substitution or supplement thereof and any amendments or modifications thereof.View SourceBased on 1 documents1Draft with AICollateral Assignment of Mortgage means, with respect to any Mortgage Loan, a Collateral Assignment of Beneficial Interest in Mortgage and Other Documents, notice of transfer or equivalent instrument, substantially in the form attached hereto as EXHIBIT P, in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect of record the collateral assignment of the Mortgage to or for the benefit of Agent on behalf of the Lenders.View SourceBased on 1 documents1Draft with AI

Related to Collateral Assignment of Mortgage

• Assignment of Mortgage An assignment of the Mortgage, notice of transfer or equivalent instrument in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage to the Purchaser.

• Collateral Assignment means, with respect to any Contracts, the original instrument of collateral assignment of such Contracts by the Company, as Seller, to the Collateral Agent, substantially in the form included in Exhibit A hereto.

• Collateral Assignments has the meaning specified in the Security Agreement.

• Collateral Assignment Agreement has the meaning set forth in Section 9.05.

• Assignment of Leases With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter.

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Related Definitions

• Assignment of Mortgage
• Collateral Assignment
• Collateral Assignments
• Collateral Assignment Agreement
• Assignment of Leases