Common use of Consolidation of Future Advances Clause in Contracts

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 9 contracts

Samples: Pooling and Servicing Agreement (GSAMP Trust 2005-He3), Pooling and Servicing Agreement (GSAMP Trust 2007-Fm1), Pooling and Servicing Agreement (GSAMP Trust 2006-S6)

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Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence acceptable under the Underwriting Guidelines. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 9 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He5), Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2006-1), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He7)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, by a title insurance policy, an endorsement to the policy insuring the mortgagee's ’s consolidated interest or by other title evidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 9 contracts

Samples: Pooling and Servicing Agreement (Fremont Mortgage Securities Corp), Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-D), Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-E)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's Mortgagee’s consolidated interest or by other title evidenceevidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 9 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-13), Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Cert Ser 2002-He2), Servicing Agreement (GSAA Home Equity Trust 2006-10), Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Cert Ser 2002-He2)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (GSAMP Trust 2005-He4), Pooling and Servicing Agreement (GSAMP Trust 2005-He6), Pooling and Servicing Agreement (GS Mortgage GSAMP Trust 2005-He1)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence acceptable to each Agency. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 4 contracts

Samples: Servicing Agreement (GSAA Home Equity Trust 2005-4), Trust Agreement (Gsaa Home Equity Trust 2004-6), Servicing Agreement (Gsaa Home Equity Trust 2004-8)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Fremont Mortgage Securities Corp), Loan Purchase Agreement (Fremont Mortgage Securities Corp), Loan Purchase Agreement (Fremont Mortgage Securities Corp)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Purchase Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's ’s consolidated interest or by other title evidenceevidence acceptable to the applicable Loan Program Authority. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 3 contracts

Samples: Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.), Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.), Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Funding Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's ’s consolidated interest or by other title evidenceevidence acceptable to FNMA and FHLMC. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 3 contracts

Samples: Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp)

Consolidation of Future Advances. Any Except with respect to Adjustable Rate Mortgage Loans, any future advances made to the Mortgagor prior to the related Cut-off Purchase Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second first-lien priority, as applicable, priority by a title insurance policy, policy or an endorsement to the policy insuring the mortgagee's ’s consolidated interest or by other title evidenceinterest. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.), Master Repurchase Agreement (Angel Oak Mortgage, Inc.), Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's ’s consolidated interest or by other title evidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (First NLC Securitization, Inc.), Pooling and Servicing Agreement (First NLC Trust 2005-2), Pooling and Servicing Agreement (Gs Mortgage Securities Corp Fremont Home Loan Trust 2004-A)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Funding Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence acceptable to FNMA and FHLMC. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 2 contracts

Samples: Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (American Business Financial Services Inc /De/)

Consolidation of Future Advances. Any future advances made to the Mortgagor Customer prior to the related Cut-off Funding Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence acceptable to FNMA and FHLMC. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 2 contracts

Samples: Credit and Security Agreement (Sachem Capital Corp.), Credit and Security Agreement (Manhattan Bridge Capital, Inc)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's ’s consolidated interest or by other title evidenceevidence acceptable to each Agency. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 2 contracts

Samples: Master Mortgage Loan Purchase Agreement (GSR Mortgage Loan Trust 2006-10f), Master Mortgage Loan Purchase Agreement (GSR Mortgage Loan Trust 2007-Ar2)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's ’s consolidated interest or by other title evidenceevidence acceptable to Fxxxxx Mxx and Fxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 2 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence acceptable to each Agency. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 2 contracts

Samples: Servicing Agreement (Gsaa Home Equity Trust 2004-8), Servicing Agreement (GSAA Home Equity Trust 2005-4)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's ’s consolidated interest or by other title evidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (FBR Securitization, Inc.), Transfer and Servicing Agreement (First NLC Securitization, Inc.)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence acceptable to FNMA and FHLMC. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 2 contracts

Samples: Master Loan and Security Agreement (Southern Pacific Funding Corp), Master Loan and Security Agreement (Southern Pacific Funding Corp)

Consolidation of Future Advances. Any future advances made to the Mortgagor Customer prior to the related Cut-off Funding Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's ’s consolidated interest or by other title evidenceevidence acceptable to FNMA and FHLMC. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 2 contracts

Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc), Credit and Security Agreement (Manhattan Bridge Capital, Inc)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's ’s consolidated interest or by other title evidenceevidence acceptable to Fanxxx Xxe xx Frexxxx Xxc. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 2 contracts

Samples: Assignment and Assumption (Structured Adjustable Rate Mortgage Loan Trust Series 2007-1), Assignment and Assumption (Structured Adjustable Rate Mortgage Loan Trust Series 2006-7)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's ’s consolidated interest or by other title evidenceevidence acceptable to FNMA and FHLMC. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Purchase and Warranties Agreement (Sasco 2006-Bc3)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence acceptable to each Agency. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Servicing Agreement (GSAA Home Equity Trust 2006-17)

Consolidation of Future Advances. Any future advances made to the Mortgagor related mortgagor prior to the related Cut-off Purchase Date have been consolidated with the outstanding principal amount secured by the related Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the related Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's ’s consolidated interest or by other title evidenceevidence acceptable to Buyer. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 1 contract

Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence in accordance with Accepted Originating Practices. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gs Mortgage Securities Corp. Gsamp Trust 2004-He2)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's ’s consolidated interest or by other title evidenceevidence acceptable to Fanxxx Xxe and Frexxxx Xxc. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-4)

Consolidation of Future Advances. Any With respect to each Ownit Mortgage Loan, any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidence. The consolidated principal amount does not exceed the original principal amount of the Ownit Mortgage Loan;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (ABFC Asset-Backed Certificates, Series 2005-He2)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Mortgage Loan Purchase and Warranties Agreement (ABFC 2006-Opt1 Trust)

Consolidation of Future Advances. Any future advances made to after origination of the Mortgagor prior to the related Cut-off Date Mortgage Loan have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence satisfying paragraph (p) above. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc)

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Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gs Mortgage Securities Corp. Gsamp Trust 2004-He2)

Consolidation of Future Advances. Any future advances made to after --------------------------------- origination of the Mortgagor prior to the related Cut-off Date Mortgage Loan have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence satisfying (p) above. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Master Repurchase Agreement (Preferred Credit Corp)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence acceptable to FNMA and FHLMC. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 1999 1)

Consolidation of Future Advances. Any future advances made to the Mortgagor mortgagor prior to the related Cut-off Purchase Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's ’s consolidated interest or by other title evidenceevidence acceptable to Buyer. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 1 contract

Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Purchase Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence acceptable to Fannxx Xxx and Fredxxx Xxx. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Master Repurchase Agreement (Starnet Financial Inc)

Consolidation of Future Advances. Any future principal advances made to the Mortgagor prior to the related Cut-off Purchase Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's ’s consolidated interest or by other title evidenceevidence acceptable to Buyer. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 1 contract

Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Off Date have been consolidated with the outstanding principal amount secured by the Mortgage, . and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured Insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence acceptable to FNMA and Purchaser. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 1 contract

Samples: Mortgage Loan Purchase and Sale Agreement (Austin Funding Com Corp)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date -------------------------------- date such Mortgage Loan was delivered to Custodian have been consolidated with the outstanding principal amount secured by the Mortgagemortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, policy or an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence acceptable to DLJ. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 1 contract

Samples: Pledge Agreement (BNC Mortgage Inc)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Purchase Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's ’s consolidated interest or by other title evidenceevidence acceptable to Buyer. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 1 contract

Samples: Master Repurchase Agreement (Five Oaks Investment Corp.)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, policy or an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceinterest. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Sale and Servicing Agreement (Morgan Stanley Abs Capital I Inc)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence acceptable to FNMA and FHLMC. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Warranties Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 2002 4h)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence acceptable under the Underwriting Guidelines. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Indemnification and Contribution Agreement (Sabr Trust 2005-Fr2)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date Closing have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence in accordance with Accepted Origination Practices. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GSAA Home Equity Trust 2005-10)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence acceptable to Fannie Mae xxx Xxexxxe Mac. The consolidated Xxx xonsolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Lehman XS Trust Series 2005-5n)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Purchase Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's ’s consolidated interest or by other title evidenceevidence acceptable to the applicable Loan Program Authority. The consolidated principal amount does not exceed the original principal amount of the Purchased Mortgage Loan;.

Appears in 1 contract

Samples: Master Repurchase Agreement and Securities Contract (loanDepot, Inc.)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidence. The consolidated principal amount does not exceed the original principal amount of the First NLC Mortgage Loan;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GS Mortgage GSAMP Trust 2005-He1)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence acceptable to Xxxxxx Mae. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Consolidation of Future Advances. Any future advances made to after origination of the Mortgagor prior to the related Cut-off Date Mortgage Loan have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having a first or second lien priority, as applicable, priority by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidenceevidence satisfying paragraph (p) above. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc)

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