Multi-family Mortgage Collateral

Example Definitions of "Multi-family Mortgage Collateral"
Multi-family Mortgage Collateral. Any Collateral, whether now or hereafter acquired, that consists of a promissory note that the maker secures with a mortgage or deed of trust of real property that is improved with five or more units, each suitable for the residence of one family, together with all rights of the holders of such note under all documents pertaining to such note, mortgage or deed of trust, and mortgaged or conveyed property, and if applicable, participations in any of the foregoing to the extent that the Credit... Policy permits from time to time, and the proceeds, replacements, and products thereof, whether now or hereafter acquired. View More
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