Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. (a) The Trustee, by execution and delivery hereof, acknowledges receipt by it of the Trustee Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof as provided herein. Upon receipt by the Trustee, or its Custodian, of each Trustee Mortgage File, the Trustee, or its Custodian, shall review each Trustee Mortgage File in accordance with the following review procedures: The Trustee, or its Custodian, shall review the documents delivered to it and shall deliver to the Depositor, prior to the Closing Date, a Mortgage Loan Schedule and Schedule of Exceptions (as defined below) with respect to the Mortgage Loans, and the delivery of each Mortgage Loan Schedule and Schedule of Exceptions by the Trustee, or its Custodian, hereunder shall be the Trustee's certification that such Mortgage Loans are held for the Trust Fund and that, as to each Mortgage Loan listed in the related Mortgage Loan Schedule (other than any Mortgage Loan paid in full or any Mortgage Loan specifically identified in such certification as not covered by the Schedule of Exceptions):
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series MLCC 2007-2), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series MLCC 2006-3), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series MLCC 2006-2)
Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. (a) The Trustee, by execution and delivery hereof, acknowledges receipt by it of the Trustee Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof as provided herein. Upon receipt by the Trustee, or its Custodian, Trustee of each Trustee Mortgage File, the Trustee, or its Custodian, Trustee shall review each Trustee Mortgage File in accordance with the following review procedures: The Trustee, or its Custodian, Trustee shall review the documents delivered to it and shall deliver to the Depositor, prior to the Closing Date, a Mortgage Loan Schedule and Schedule of Exceptions (as defined below) with respect to the Mortgage Loans, and the delivery of each Mortgage Loan Schedule and Schedule of Exceptions by the Trustee, or its Custodian, Trustee hereunder shall be the Trustee's certification that such Mortgage Loans are held for the Trust Fund and that, as to each Mortgage Loan listed in the related Mortgage Loan Schedule (other than any Mortgage Loan paid in full or any Mortgage Loan specifically identified in such certification as not covered by the Schedule of Exceptions):
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-F1), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series MLCC 2006-1)
