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 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-l, to the extent Servicer received such UCC-l from MLCC, and an original form UCC-3, if applicable, to the extent Servicer received such UCC-3 from MLCC, together with a copy of the applicable notice of assignment to and acknowledgment by Merrill Lynch, Pierce, Fenner & 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 100(SM) I 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-l, to the extent Servicer received such UCC-l from MLCC, and an original form UCC-3, if applicable, to the extent Servicer received such UCC-3 from MLCC, together with a copy of the applicable notice of assignment to and acknowledgment by Merrill Lynch, Pierce, Fenner & 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 100(SM) I 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-l, to the extent Servicer received such UCC-l from MLCC, and an original form UCC-3, if applicable, to the extent Servicer received such UCC-3 from MLCC, together with a copy of the applicable notice of assignment to and acknowledgment by Merrill Xxxxxxx Lynch, Pierce, Fenner Xxxxxx & Smith 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.

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 100(SM) I 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-l, to the extent Servicer received such UCC-l from MLCC, and an original form UCC-3, if applicable, to the extent Servicer received such UCC-3 from MLCC, together with a copy of the applicable notice of assignment to and acknowledgment by Merrill Xxxxxxx Lynch, Pierce, Fenner Xxxxxx & Smith 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. (c) With respect to any Additional Collateral Mortgage Loan for which Servicer has received from MLCC a Form UCC-3, the Additional Collateral Servicer shall cause to be tiled in the appropriate recording office a Form UCC-3 giving notice of the assignment of the related security interest to the Purchaser and shall thereafter cause the timely filing of all necessary continuation statements with regard to such financing statements.

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 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-l, to the extent Servicer received such UCC-l from MLCC, and an original form UCC-3, if applicable, to the extent Servicer received such UCC-3 from MLCC, together with a copy of the applicable notice of assignment to and acknowledgment by Merrill Xxxxxxx Lynch, Pierce, Fenner Xxxxxx & Smith 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 100(SM) I 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-l, to the extent Servicer received such UCC-l from MLCC, and an original form UCC-3, if applicable, to the extent Servicer received such UCC-3 from MLCC, together with a copy of the applicable notice of assignment to and acknowledgment by Merrill Xxxxxxx Lynch, Pierce, Fenner Xxxxxx & Smith 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-1 thereto shall include the following: o With respect to each Additional Collateral Mortgage Loan, a copy of the related Mortgage 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-lUCC-1, to the extent Servicer received such UCC-l UCC-1 from MLCC, and an original form UCC-3, if applicable, to the extent Servicer received such UCC-3 from MLCC, together with a copy of the applicable notice of assignment to and acknowledgment by Merrill Xxxxxxx Lynch, Pierce, Fenner Xxxxxx & Smith 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 Seller 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 100(SM) 100K Pledge Agreement or Parent Power(R) Power® Agreement, as the case may be. o • With respect to each Additional Collateral Mortgage Loan, a copy of the UCC-lUCC-1, to the extent Servicer received MLCC was required to deliver such UCC-l from MLCCUCC-1 to Servicer, and an original form UCC-3, if applicable, to the extent Servicer received MLCC was required to deliver such UCC-3 from MLCCto Servicer, together with a copy of the applicable notice of assignment to and acknowledgment by Merrill Xxxxxxx Lynch, Pierce, Fenner Xxxxxx & Smith Xxxxx Incorporated. • In connection with a Parent Power® Mortgage Loan supported by a Parent Power® Guaranty Agreement for Real Estate, a copy of the related Equity Access® Mortgage. (c) With respect to any Additional Collateral Mortgage Loan for which Servicer has received from MLCC a Form UCC-3, the Servicer shall cause to be filed in the appropriate recording office a Form UCC-3 giving notice of the assignment of the related security interest to the Purchaser and shall thereafter cause the timely filing of all necessary continuation statements with regard to such financing statements. Servicer’s breach of this Section 3(c) shall give rise to the rights and remedies contained in the Purchase and Servicing Agreement. (d) If any of the documents referred to in subsection (b) or (c) is defective or missing in any material respect, then the remedies set forth in Section 2.04 of the Purchase and Servicing Agreement shall be available.

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 100(SM) 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-lUCC-1, to the extent Servicer received MLCC was required to deliver such UCC-l from MLCCUCC-1 to Servicer, and an original form UCC-3, if applicable, to the extent Servicer received MLCC was required to deliver such UCC-3 from MLCCto Servicer, together with a copy of the applicable notice of assignment to and and acknowledgment by Merrill Xxxxxxx Lynch, Pierce, Fenner Xxxxxx & Smith Xxxxx Incorporated.