Common use of Assignment of Security Interest Clause in Contracts

Assignment of Security Interest. (a) With respect to each Additional Collateral Mortgage Loan sold to Purchaser under the Purchase and Servicing Agreement, the Servicer hereby assigns to the Purchaser its security interest in and to any Additional Collateral, all of its rights in each Additional Collateral Agreement, its right to receive amounts due or to become due in respect of any Additional Collateral and its rights as beneficiary under the Surety Bond in respect of any Additional Collateral Mortgage Loans. (b) For all purposes under the Purchase and Servicing Agreement, as to any Additional Collateral Mortgage Loans sold thereunder, the Legal Documents listed on Schedule B-1 thereto shall include the following: o With respect to each Additional Collateral Mortgage Loan, a copy of the related Mortgage 100K Pledge Agreement or Parent Power(R) Agreement, as the case may be. o With respect to each Additional Collateral Mortgage Loan, a copy of the UCC-1, to the extent MLCC was required to deliver such UCC-1 to Servicer, and an original form UCC-3, if applicable, to the extent MLCC was required to deliver such UCC-3 to Servicer, together with a copy of the applicable notice of assignment to and and acknowledgment by Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated.

Assignment of Security Interest. (a) With respect to each Additional Collateral Mortgage Loan sold to Purchaser under the Purchase and Servicing Agreement, the Servicer hereby assigns to the Purchaser its security interest in and to any Additional Collateral, all of its rights in each Additional Collateral Agreement, its right to receive amounts due or to become due in respect of any Additional Collateral and its rights as beneficiary under the Surety Bond in respect of any Additional Collateral Mortgage Loans. (b) For all purposes under the Purchase and Servicing Agreement, as to any Additional Collateral Mortgage Loans sold thereunder, the Legal Documents listed on Schedule B-1 thereto shall include the following: o With respect to each Additional Collateral Mortgage Loan, a copy of the related Mortgage 100K 100(SM) Pledge Agreement or Parent Power(R) Agreement, as the case may be. o With respect to each Additional Collateral Mortgage Loan, a copy of the UCC-1, to the extent MLCC was required to deliver Servicer received such UCC-1 to Servicerfrom MLCC, and an original form UCC-3, if applicable, to the extent MLCC was required to deliver Servicer received such UCC-3 to Servicerfrom MLCC, together with a copy of the applicable notice of assignment to and and acknowledgment by Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated.

Assignment of Security Interest. (a) With respect to each Additional Collateral Mortgage Loan sold to Purchaser under the Purchase and Servicing Agreement, the Servicer hereby assigns to the Purchaser its security interest in and to any Additional Collateral, all of its rights in each Additional Collateral Agreement, its right to receive amounts due or to become due in respect of any Additional Collateral and its rights as beneficiary under the Surety Bond in respect of any Additional Collateral Mortgage Loans. (b) For all purposes under the Purchase and Servicing Agreement, as to any Additional Collateral Mortgage Loans sold thereunder, the Legal Documents listed on Schedule B-1 B- 1 thereto shall include the following: o With respect to each Additional Collateral Mortgage Loan, a copy of the related Mortgage 100K 100(SM) Pledge Agreement or Parent Power(R) Agreement, as the case may be. o With respect to each Additional Collateral Mortgage Loan, a copy of the UCC-1UCC-l, to the extent MLCC was required to deliver Servicer received such UCC-1 to ServicerUCC-l from MLCC, and an original form UCC-3, if applicable, to the extent MLCC was required to deliver Servicer received such UCC-3 to Servicerfrom MLCC, together with a copy of the applicable notice of assignment to and and acknowledgment by Xxxxxxx Merrill Lynch, Pierce, Xxxxxx Fenner & Xxxxx Smith Incorporated.

Assignment of Security Interest. (a) With respect to each Additional Collateral Mortgage Loan sold to Purchaser under the Purchase and Servicing Agreement, the Servicer hereby assigns to the Purchaser its security interest in and to any Additional Collateral, all of its rights in each Additional Collateral Agreement, its right to receive amounts due or to become due in respect of any Additional Collateral and its rights as beneficiary under the Surety Bond in respect of any Additional Collateral Mortgage Loans. (b) For all purposes under the Purchase and Servicing Agreement, as to any Additional Collateral Mortgage Loans sold thereunder, the Legal Documents listed on Schedule B-1 B-i thereto shall include the following: o With respect to each Additional Collateral Mortgage Loan, a copy of the related Mortgage 100I 00K Pledge Agreement or Parent Power(R) Agreement, as the case may be. o With respect to each Additional Collateral Mortgage Loan, a copy of the UCC-1UCC-l, to the extent MLCC was required to deliver Servicer received such UCC-1 to ServicerUCC-l from MLCC, and an original form UCC-3, if applicable, to the extent MLCC was required to deliver Servicer received such UCC-3 to Servicerfrom MLCC, together with a copy of the applicable notice of assignment to and and acknowledgment by Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated. o In connection with a Parent Power(R) Mortgage Loan supported by a Parent Power(R) Guaranty Agreement for Real Estate, a copy Of the related Equity Access(R) Mortgage.

Assignment of Security Interest. (a) With respect to each Additional Collateral Mortgage Loan sold to Purchaser under the Purchase and Servicing Agreement, the Servicer hereby assigns to the Purchaser its security interest in and to any Additional Collateral, all of its rights in each Additional Collateral Agreement, its right to receive amounts due or to become due in respect of any Additional Collateral and its rights as beneficiary under the Surety Bond in respect of any Additional Collateral Mortgage Loans. (b) For all purposes under the Purchase and Servicing Agreement, as to any Additional Collateral Mortgage Loans sold thereunder, the Legal Documents listed on Schedule B-1 B-i thereto shall include the following: o With respect to each Additional Collateral Mortgage Loan, a copy of the related Mortgage 100I 00K Pledge Agreement or Parent Power(R) Agreement, as the case may be. o With respect to each Additional Collateral Mortgage Loan, a copy of the UCC-1UCC-l, to the extent MLCC was required to deliver Servicer received such UCC-1 to ServicerUCC-l from MLCC, and an original form UCC-3, if applicable, to the extent MLCC was required to deliver Servicer received such UCC-3 to Servicerfrom MLCC, together with a copy of the applicable notice of assignment to and and acknowledgment by Xxxxxxx Merrill Lynch, Pierce, Xxxxxx Fenner & Xxxxx Smith Incorporated.

Assignment of Security Interest. (a) With respect to each Additional Collateral Mortgage Loan sold to Purchaser under the Purchase and Servicing Agreement, the Servicer hereby assigns to the Purchaser its security interest in and to any Additional Collateral, all of its rights in each Additional Collateral Agreement, its right to receive amounts due or to become due in respect of any Additional Collateral and its rights as beneficiary under the Surety Bond in respect of any Additional Collateral Mortgage Loans. (b) For all purposes under the Purchase and Servicing Agreement, as to any Additional Collateral Mortgage Loans sold thereunder, the Legal Documents listed on Schedule B-1 thereto shall include the following: o With respect to each Additional Collateral Mortgage Loan, a copy of the related Mortgage 100K 100(SM) Pledge Agreement or Parent Power(R) Agreement, as the case may be. o With respect to each Additional Collateral Mortgage Loan, a copy of the UCC-1UCC-l, to the extent MLCC was required to deliver Servicer received such UCC-1 to ServicerUCC-l from MLCC, and an original form UCC-3, if applicable, to the extent MLCC was required to deliver Servicer received such UCC-3 to Servicerfrom MLCC, together with a copy of the applicable notice of assignment to and and acknowledgment by Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated.

Assignment of Security Interest. (a) With respect to each Additional Collateral Mortgage Loan sold to Purchaser under the Purchase and Servicing Agreement, the Servicer hereby assigns to the Purchaser its security interest in and to any Additional Collateral, all of its rights in each Additional Collateral Agreement, its right to receive amounts due or to become due in respect of any Additional Collateral and its rights as beneficiary under the Surety Bond in respect of any Additional Collateral Mortgage Loans. (b) For all purposes under the Purchase and Servicing Agreement, as to any Additional Collateral Mortgage Loans sold thereunder, the Legal Documents listed on Schedule B-1 B-i thereto shall include the following: o - With respect to each Additional Collateral Mortgage Loan, a copy of the related Mortgage 100I 00K Pledge Agreement or Parent Power(R) Agreement, as the case may be. o - With respect to each Additional Collateral Mortgage Loan, a copy of the UCC-1UCC-l, to the extent MLCC was required to deliver Servicer received such UCC-1 to ServicerUCC-l from MLCC, and an original form UCC-3, if applicable, to the extent MLCC was required to deliver Servicer received such UCC-3 to Servicerfrom MLCC, together with a copy of the applicable notice of assignment to and and acknowledgment by Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated. - In connection with a Parent Power(R) Mortgage Loan supported by a Parent Power(R) Guaranty Agreement for Real Estate, a copy Of the related Equity Access(R) Mortgage.