Assignment of Mortgage Loans. The Seller will take no action inconsistent with the Buyer's ownership of the Mortgage Loans. If a third party, including a potential buyer of the Mortgage Loans from the Buyer, should inquire, the Seller will promptly indicate that ownership of the Mortgage Loans has been absolutely assigned to the Buyer. If the Mortgage Loan is registered on the MERS(R) System, the Seller shall enter the name of the Buyer in the "interim funder" category of such system with respect to such Mortgage Loan.
Appears in 4 contracts
Samples: Mortgage Loan Purchase and Sale Agreement (Fieldstone Investment Corp), Purchase Agreement (Technical Olympic Usa Inc), Purchase Agreement (Technical Olympic Usa Inc)
Assignment of Mortgage Loans. The Seller will take no action inconsistent with the Buyer's ownership of the Mortgage Loans. If a third party, including a potential buyer of the Mortgage Loans from the Buyer, should inquire, the Seller will promptly indicate that ownership of the Mortgage Loans has been absolutely assigned to the Buyer. If the Mortgage Loan is registered on the MERS(R) System, the Seller shall enter the name of the Buyer buyer in the "interim funder" category of such system with respect to such Mortgage Loan.
Appears in 1 contract
Samples: Mortgage Loan Purchase and Sale Agreement (Standard Pacific Corp /De/)
