Common use of ARM Loans Clause in Contracts

ARM Loans. With respect to each adjustable rate Primary Mortgage Loan, the Seller has properly and accurately and in material compliance with all Applicable Requirements and Accepted Servicing Practices (a) entered into its system all data required to service such Primary Mortgage Loan, (b) adjusted the mortgage interest rate on each interest adjustment date, (c) adjusted the monthly payment on each payment adjustment date, (d) calculated the amortization of principal and interest on each payment adjustment date, and (e) executed and delivered any and all notices regarding interest rate and payment adjustments.

ARM Loans. With respect to each adjustable rate Primary Mortgage Loan, the Seller has properly and accurately and in material compliance with all Applicable Requirements and Accepted Servicing Practices (ai) entered into its system all data required to service such Primary the Mortgage Loan, (bii) adjusted the mortgage interest rate on each interest adjustment date, (ciii) adjusted the monthly payment Mortgage Loan Payment on each payment adjustment date, (div) calculated the amortization of principal and interest on each payment adjustment date, and (ev) executed and delivered any and all notices regarding interest rate and payment adjustments.

ARM Loans. With respect to each adjustable rate Primary Mortgage Loan, the Seller has has, and each Prior Servicer has, properly and accurately and in material compliance with all Applicable Requirements and Accepted Servicing Practices (ai) entered into its system all data required to service such Primary the Mortgage Loan, (bii) adjusted the mortgage interest rate on each interest adjustment date, (ciii) adjusted the monthly payment on each payment adjustment date, (div) calculated the amortization of principal and interest on each payment adjustment date, and (ev) executed and delivered any and all notices regarding interest rate and payment adjustments.