Assumability. The Mortgage Loan Documents provide that a related Mortgage Loan may only be assumed if the party assuming such Mortgage Loan meets certain credit requirements stated in the Mortgage Loan Documents, except that with respect to Mortgage Loans underwritten in accordance with the underwriting guidelines of Seller, the Mortgage Loan Documents relating to such Mortgage Loans do not preclude assumability;
Appears in 2 contracts
Samples: Mortgage Loan Purchase Agreement (Chevy Chase Preferred Capital Corp), Mortgage Loan Purchase Agreement (Chevy Chase Preferred Capital Corp)
Assumability. The Mortgage Loan Documents provide that a related Mortgage Loan may only be assumed if the party assuming such Mortgage Loan meets certain credit requirements stated in the Mortgage Loan Documents, except that with respect to Mortgage Loans underwritten in accordance with the underwriting guidelines of Seller, the Mortgage Loan Documents relating to such Mortgage Loans do not preclude assumability;.
Appears in 2 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (D&n Capital Corp), Mortgage Loan Purchase and Warranties Agreement (Franklin Finance Corp)
