All Mortgage Loans Sample Clauses

All Mortgage Loans. At all times during the Post Sale Reporting Period, the Mortgage Loans must be serviced by the servicer identified by Purchaser in its NSO Supplemental Qualification Statement and relied on by the Secretary in qualifying Purchaser for participation in this sale, or any successor servicer, which is (i) authorized by the Secretary as a successor servicer for purposes of this transaction, (ii) either an FHA-approved mortgagee or a ▇▇▇▇▇▇ ▇▇▇ or Freddie Mac approved servicer with actual experience in servicing loans similar to the Mortgage Loans; and, (iii) in good standing with and rated average or above by the applicable Agencies, if so rated. Purchaser shall provide any documentation requested by the Secretary for authorization of a successor servicer. Purchaser shall provide a self-certification regarding compliance with this provision in the format provided in Exhibit B-1-NSO with each Post-Sale Report.

All Mortgage Loans. Mortgage Notes, Mortgages and related documentation shall be delivered to and held by the Trustee (directly or on behalf of the Trustee by the Custodian).

All Mortgage Loans. (i) Pursuant to the Custodial Agreement, the Custodian shall deliver to the Lender and the Borrower, no later than 3:00 p.m. on a Funding Date (and, with respect to Table Funded Mortgage Loans, on the first Business day following the date of receipt of the Mortgage Loan Documents), a Trust Receipt (as defined in the Custodial Agreement) in respect of all Mortgage Loans pledged to the Lender on such Funding Date, and a Mortgage Loan Schedule and Exception Report. (ii) Subject to Section 5 hereof, such borrowing will then be made available to the Borrower by the Lender transferring, via wire transfer, to the following account of the Borrower (or, with respect to each Table Funded Mortgage Loan, such other account as set forth in the applicable Bailee Agreement): Chase Manhattan, for the A/C of Chas▇▇▇▇ ▇▇▇ital Corporation, A/C# 304222828, ABA# 0210▇▇▇▇▇, ▇▇ Settlement Agent, as the case may be, as specified in the Request for Borrowing, in the aggregate amount of such borrowing in funds immediately available to the Borrower.

All Mortgage Loans. As to each Mortgage Loan, Borrower represents, warrants and covenants to Lender that, for each Mortgage Loan, as of the date hereof (or such other date set forth below): 1. Borrower has no knowledge of any mechanics’ or similar liens or claims which have been filed for work, labor or material (and no rights are outstanding that under law could give rise to such lien) affecting the Mortgaged Property which are or may be liens prior to, or equal with, the lien of the Mortgage; 2. To Borrower’s knowledge, no environmental hazard or toxic condition exists or has occurred with respect to any development in which a Mortgaged Property is located; To Borrower’s knowledge, there are no conditions or circumstances associated with any real property securing the Mortgage Loan that would reasonably be expected to give rise to any Environmental Liabilities; 3. The Mortgage and related Mortgage Note contain customary and enforceable provisions such as to render the rights and remedies of the holder thereof adequate for the realization against the Mortgaged Property of the benefits of the security provided thereby, including (i) in the case of a Mortgage designated as a deed of trust, by trustee's sale, and (ii) otherwise by judicial foreclosure; 4. There is no homestead or other exemption or right available to the mortgagor or any other person which would interfere with the right to sell the Mortgaged Property at a trustee's sale or the right to foreclose the Mortgage; 5. The Mortgage has not been satisfied, canceled, subordinated or rescinded, in whole or in part, and the Mortgaged Property has not been released from the Lien of the Mortgage, in whole or in part, nor has any instrument been executed that would effect any such satisfaction, cancellation, subordination, rescission or release. Borrower has not waived the performance by the mortgagor of any action, if the mortgagor's failure to perform such action would cause the Mortgage Loan to be in default, and Borrower has not waived any default; 6. The Mortgage Note is not and has not been secured by any collateral except the Lien of the corresponding Mortgage on the Mortgaged Property and the security interest of any applicable security agreement; 7. Borrower is in compliance with any and all applicable licensing requirements of the laws of the state wherein the Mortgaged Property is located, and either (a) organized under the laws of such state, (b) qualified to do business in such state, or (c) not doing business i...