Common use of Assignment and Conveyance Clause in Contracts

Assignment and Conveyance. On this 29th day of May 2001, Cendant Mortgage Corporation ("Cendant Mortgage") and Xxxxxx'x Gate Residential Mortgage Trust (formerly known as Cendant Residential Mortgage Trust) as the Sellers, under that certain Mortgage Loan Flow Purchase, Sale & Servicing Agreement, dated as of May 29, 2001 (the "Agreement") does hereby sell, transfer, assign, set over and convey to Xxxxxx Brothers Bank, FSB, as Purchaser under the Agreement all rights, title and interest of the Seller in and to the Mortgage Loans listed on the Mortgage Loan Schedule attached hereto. Pursuant to Section 2 of the Agreement, the Seller has delivered to the Custodian the documents for each Mortgage Loan to be purchased as set forth in the Agreement. The ownership of each Mortgage Note, Mortgage, and the contents of each Mortgage File is vested in the Purchaser and the ownership of all records and documents with respect to the related Mortgage Loan prepared by or which come into the possession of the Seller shall immediately vest in the Purchaser and shall be delivered promptly by the Seller to the Purchaser.

Assignment and Conveyance. On this 29th day of May 2001, Cendant Mortgage Corporation ("Cendant Mortgage") and Xxxxxx'x Bishop's Gate Residential Mortgage Trust (formerly known as Cendant Residential Cxxxxxx Xesidential Mortgage Trust) as the Sellers, under that certain Mortgage Loan Flow Purchase, Sale & Servicing Agreement, dated as of May 29, 2001 (the "Agreement") does hereby sell, transfer, assign, set over and convey to Xxxxxx Lehman Brothers Bank, FSB, as Purchaser under the Agreement all rightsaxx xxxhts, title and interest of the Seller in and to the Mortgage Loans listed on the Mortgage Loan Schedule attached hereto. Pursuant to Section 2 of the Agreement, the Seller has delivered to the Custodian the documents for each Mortgage Loan to be purchased as set forth in the Agreement. The ownership of each Mortgage Note, Mortgage, and the contents of each Mortgage File is vested in the Purchaser and the ownership of all records and documents with respect to the related Mortgage Loan prepared by or which come into the possession of the Seller shall immediately vest in the Purchaser and shall be delivered promptly by the Seller to the Purchaser.