Mortgage Note Clause Samples

Mortgage Note. The note or other evidence of the indebtedness of a Mortgagor secured by a Mortgage.

Mortgage Note. The promissory note or other instrument evidencing the indebtedness of a Borrower under a Mortgage Loan.

Mortgage Note. The original Mortgage Note (or, if acceptable to the Purchaser, a lost note affidavit in a form acceptable to an Agency) bearing all intervening endorsements, endorsed “Pay to the order of _____________, without recourse” and signed in the name of the last endorsee by an authorized officer thereof.

Mortgage Note. In return for a loan that I received, I promise to pay $ (called “Principal”), plus interest in accordance with the terms of a Mortgage Note (referred to as the “Note”) dated .

Mortgage Note. The originally executed secured promissory note or other evidence of indebtedness of a Borrower under a Qualified Loan, together with all riders thereto and amendments thereof.

Mortgage Note. The originally executed note evidencing the indebtedness of a Mortgagor secured by a Mortgage under a Mortgage Loan and any modification thereto.

Mortgage Note. The note or other evidence of the indebtedness of a Mortgagor secured by a Mortgage and riders thereto.

Mortgage Note. The note or other instrument evidencing the Mortgagor’s obligation to repay the amount of the Mortgage Loan, executed by the Mortgagor or its authorized agent.

Mortgage Note. The obligation of Borrower to repay the full Loan Amount, together with interest thereon, and Yield Maintenance Payments, Defeasance Deposits and other charges, if any, related thereto, shall be evidenced by that certain Mortgage Note made by Borrower as of the Closing Date to the order of Lender (the "MORTGAGE NOTE"), substantially in the form of EXHIBIT B attached hereto and incorporated herein, in the original principal amount of One Hundred Thirty-Six Million One Hundred Thousand and No/100 Dollars ($136,100,000). The Borrower hereby irrevocably appoints the Lender and its successors and assigns, with full power of substitution, as its attorney-in-fact, solely for the purpose, from time to time in connection with a foreclosure on any Mortgaged Property following an Event of Default and/or acceleration of the maturity of the Loan, of executing two or more promissory notes (each, a "NEW NOTE") substantially in the form of EXHIBIT B, with an aggregate face principal balance equal to the principal amount then outstanding under the Mortgage Note (with a notation on each such New Note as to the outstanding principal amount of the Loan allocated to each such New Note) and marking each promissory note that is to be replaced with such New Notes (whether the original Mortgage Note or any Defeased Note or Undefeased Note) "SUBSTITUTED." Such power of attorney is a limited power of attorney coupled with an interest.