has the meaning set forth in the Security Instrument. “Improvements” has the meaning set forth in the Security Instrument. “Indebtedness” has the meaning set forth in the Summary of Loan Terms. “Index” Adjustable Rate” has the meaning set forth in the Summary of Loan Terms. “Initial means the first (1st) day of the calendar month following the Fixed Rate Payment Date” “Initial Conversion Effective Date. has the meaning set forth in the Summary of Loan Monthly Debt Service Payment” “Initial Terms. has the meaning set forth in the Summary of Loan Terms. Replacement Reserve Deposit” “Initial Laws” means the United States Bankruptcy Code, 11 U.S.C. Section 101, et seq., “Insolvency together with any other federal or state law affecting debtor and creditor rights or relating to the bankruptcy, insolvency, reorganization, arrangement, moratorium, readjustment of debt, dissolution, liquidation or similar laws, proceedings, or equitable principles affecting the enforcement of as amended from time to time. creditors’ rights, means: “Insolvent” (a) that the sum total of all of a (whether secured or unsecured, specified Person’s liabilities contingent or fixed, or liquidated or unliquidated) is in excess of the value of such non-exempt Person’s assets, i.e., all of the assets of such Person that are available to satisfy claims of creditors; or (b) such inability to pay its debts as they become due. Person’s Prepayment Date” means the date upon which Borrower intends to make a “Intended prepayment on the Mortgage Loan, as set forth in the Prepayment Notice. Accrual Method” has the meaning set forth in the Summary of Loan Terms. “Interest Only Term” has the meaning set forth in the Summary of Loan Terms. “Interest Rate” means the Initial Adjustable Rate or the Adjustable Rate, as applicable. “Interest Rate Type” has the meaning set forth in the Summary of Loan Terms. “Interest Revenue Code” means the Internal Revenue Code of 1986, as amended. “Internal means any Person to whom Lender intends to (a) sell, transfer, deliver or assign the “Investor” Mortgage Loan in the secondary mortgage market, or (b) sell an MBS backed by the Mortgage Loan.
“Improvements” has the meaning set forth in the Security Instrument. “Indebtedness” has the meaning set forth in the Security Instrument. “Index” has the meaning set forth in the Summary of Loan Terms. “Initial Adjustable Rate” has the meaning set forth in the Summary of Loan Terms. “Initial Fixed Rate Payment Date” means the first (1st) day of the calendar month following the Conversion Effective Date. “Initial Monthly Debt Service Payment” has the meaning set forth in the Summary of Loan Terms. “Initial Replacement Reserve Deposit” has the meaning set forth in the Summary of Loan Terms. “Insolvency Laws” means the United States Bankruptcy Code, 11 U.S.C. Section 101, et seq., together with any other federal or state law affecting debtor and creditor rights or relating to the bankruptcy, insolvency, reorganization, arrangement, moratorium, readjustment of debt, dissolution, liquidation or similar laws, proceedings, or equitable principles affecting the enforcement of creditors’ rights, as amended from time to time. “Insolvent” means: (a) that the sum total of all of a specified Person’s liabilities (whether secured or unsecured, contingent or fixed, or liquidated or unliquidated) is in excess of the value of such Person’s non-exempt assets, i.e., all of the assets of such Person that are available to satisfy claims of creditors; or (b) such Person’s inability to pay its debts as they become due. “Intended Prepayment Date” means the date upon which Borrower intends to make a prepayment on the Mortgage Loan, as set forth in the Prepayment Notice. “Interest Accrual Method” has the meaning set forth in the Summary of Loan Terms. “Interest Only Term” has the meaning set forth in the Summary of Loan Terms. “Interest Rate” means the Initial Adjustable Rate or the Adjustable Rate, as applicable. “Interest Rate Type” has the meaning set forth in the Summary of Loan Terms. “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended. “Investor” means any Person to whom Lender intends to (a) sell, transfer, deliver or assign the Mortgage Loan in the secondary mortgage market, or (b) sell an MBS backed by the Mortgage Loan.
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