Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the 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 consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;
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Samples: Purchase and Servicing Agreement, Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc., Series 2007-Ar7), Distribution Instructions (Citigroup Mortgage Loan Trust Inc., Series 2005-5)
Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the 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 consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;
Appears in 5 contracts
Samples: Assignment and Recognition Agreement (BCAP LLC Trust 2007-Aa1), Assignment and Recognition Agreement (BCAP LLC Trust 2007-Aa4), Pooling and Servicing Agreement (BCAP LLC Trust 2007-Aa5)
Consolidation of Future Advances. Any future principal advances made to the Mortgagor prior to the 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 consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.
Appears in 3 contracts
Samples: Servicing Agreement, Servicing Agreement (Thornburg Mortgage Securities Trust 2006-1), Servicing Agreement (J.P. Morgan Mortgage Trust 2006-A1)
Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the Cut-off Purchase Date have been consolidated with the outstanding principal amount secured by the Mortgage, Mortgage and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.
Appears in 2 contracts
Samples: Master Repurchase Agreement and Securities Contract (Korth Direct Mortgage Inc.), Master Repurchase Agreement and Securities Contract (Sachem Capital Corp.)
Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the 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 does not exceed the original principal amount of the Mortgage Loan;is expressly insured as having (A) first lien priority with
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Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the 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 consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;; and
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Samples: Mortgage Loan Purchase and Servicing Agreement (Sequoia Residential Funding Inc)
Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the 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 consolidated principal amount does not exceed the original principal amount of the Purchased Mortgage Loan;.
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Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the 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 consolidated principal amount does not exceed the original principal amount of the Mortgage Loan; Form of Mortgage Note and Mortgage. The Mortgage Note and Mortgage are on forms acceptable to an Agency;
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Samples: Purchase and Servicing Agreement (Banc of America Funding Corp)
Consolidation of Future Advances. Any future principal advances made to the Mortgagor prior to the 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 consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.
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