The Tennessee deed of trust,
assignment of rents and leases, security agreement and fixture filing is filed by the company with Renasant Bank.
In a ruling on a request for the appointment of a receiver, the court is likely to consider all of the facts and circumstances, which could include: (i) the amount of unpaid taxes or insurance premiums, (ii) the length of time for which any payments of taxes or insurance have been past due, (iii) whether the lender has encountered difficulties enforcing the
assignment of rents, and (iv) whether the borrower has been guilty of any misconduct or mismanagement, such as misappropriating rents for purposes other than preservation of property.
The
Assignment of Rents Clause has no relevance to residential mortgage loans.
The certificates are collateralized by an
assignment of rents on a 900,000 square-foot (sf) building leased to the IRS in Detroit, MI.
For example, you generally create and perfect an interest in real property with a mortgage or deed of trust and an
assignment of rents that you record in the appropriate office.
In many jurisdictions, recording a mortgage or an
assignment of rents will not perfect a security interest in favor of the lender in room revenues.
The note was secured by a first priority deed of trust that included an
assignment of rents.
The secured lease bonds are currently collateralized by an
assignment of rents on operating properties guaranteed by absolute net leases to Kmart Corporation (Kmart), in which Kmart is obligated to pay rental payments with no setoff, abatement or reduction.
The certificates are currently collateralized by an
assignment of rents on a 900,000 square-foot (sf) IRS building in Detroit, MI.
The transaction is secured by a first mortgage lien on the Freehold Mall, and an
assignment of rents and leases.
The certificates are currently collateralized by an
assignment of rents on 16 properties guaranteed by absolute net leases to Kmart, in which Kmart is obligated to pay rental payments with no setoff, abatement or reduction.
The certificates are currently collateralized by an
assignment of rents on 24 properties guaranteed by absolute net leases to Kmart, in which Kmart is obligated to pay rental payments with no setoff, abatement or reduction.
