Common use of Consolidation of Future Advances Clause in Contracts

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage Note, 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 lien priority with respect to each Mortgage Loan, by a title insurance policy, an endorsement to the policy insuring the mortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan related Cut-off Date have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage NoteMortgage, 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 lien priority with respect to each Mortgage LoanLoan which is indicated by the Seller to be a First Lien (as reflected on the Mortgage Loan Schedule), by a title insurance policy, an endorsement to the policy insuring the mortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.;

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage Note, 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 lien priority with respect to each Mortgage Loan, by a title insurance policy, an endorsement to the policy insuring the mortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Fannxx Xxx and Xxxxxxx Macxxx Fredxxx Xxx. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan Purchase Date have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage NoteMortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The With respect to each Mortgage Loan other than a Co-op Loan, the lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority with respect to each (or in the case of a Second Lien Mortgage Loan, a second lien priority) by a title insurance policy, an endorsement to the policy insuring the mortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Mae, Xxxxxxx MacMac or GNMA. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan Purchase Date have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage NoteMortgage, 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, in the case of Second Lien Mortgage Loans, a second lien priority with respect to each Mortgage Loan, by a title insurance policy, an endorsement to the policy insuring the mortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan Funding Date have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage NoteMortgage, 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 lien priority with respect to each Mortgage Loanpriority, in the case of a first Mortgage, or second lien priority, in the case of a second mortgage, by a title insurance policy, an endorsement to the policy insuring the mortgageeMortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage Note, 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 lien priority with respect to each Mortgage Loan, by a title insurance policy, an endorsement to the policy insuring the mortgageeMortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan Purchase Date have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage NoteMortgage, 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, in the case of Second Lien Mortgage Loans, a second lien priority with respect to each Mortgage Loan, by a title insurance policy, an endorsement to the policy insuring the mortgagee’s 's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan applicable Cut-off Date have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage NoteMortgage, 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 lien priority (with respect to each Mortgage a First-Lien Loan, ) or second (with respect to a Second-Lien Loan) lien priority by a title insurance policy, an endorsement to the policy insuring the mortgagee’s 's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.;

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage Note, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The Except with respect to Second Lien Mortgage Loans and HELOCs, the lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority with respect to each Mortgage Loan, by a title insurance policy, an endorsement to the policy insuring the mortgageeMortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Freddie Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan Cut-off Date have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage NoteMortgage, 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 lien priority (with respect to each a First Lien Mortgage Loan, ) or second lien priority (with respect to a Second Lien Mortgage Loan) by a title insurance policy, an endorsement to the policy insuring the mortgagee’s 's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.;

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan Purchase Date have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage NoteMortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The With respect to each Mortgage Loan other than a Cooperative Mortgage Loan, the lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority with respect to each Mortgage Loan, by a title insurance policy, an endorsement to the policy insuring the mortgageeMortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Mae, Xxxxxxx Mac, or Xxxxxx Mae, as applicable. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan Funding Date have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage NoteMortgage, 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 lien priority with respect to each Mortgage Loanpriority, in the case of a first Mortgage, or second lien priority, in the case of a second mortgage, by a title insurance policy, an endorsement to the policy insuring the mortgagee’s Mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan Purchase Date have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage NoteMortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The With respect to each Mortgage Loan other than a Cooperative Mortgage Loan, the lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority with respect to each Mortgage Loan, by a title insurance policy, an endorsement to the policy insuring the mortgageeMortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx Mae and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage Note, 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 lien priority with respect to each Mortgage Loan, by a title insurance policy, an endorsement to the policy insuring the mortgageeMortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.. Annex II

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan Purchase Date have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage NoteMortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The With respect to each Mortgage Loan other than a Cooperative Mortgage Loan, the lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority with respect to each Mortgage Loan, by a title insurance policy, an endorsement to the policy insuring the mortgageeMortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Mae, Xxxxxxx Mac, Xxxxxx Xxx, FHA, VA and RHS, as applicable. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan Purchase Date have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage NoteMortgage, 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 lien priority with respect to each Mortgage Loanpriority, in the case of a first Mortgage, or second lien priority, in the case of a second mortgage, by a title insurance policy, an endorsement to the policy insuring the mortgageeMortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan related Cut-off Date have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage NoteMortgage, 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 lien priority with respect to each Mortgage LoanLoan which is indicated by the Seller to be a First Lien (as reflected on the Mortgage Loan Schedule), by a title insurance policy, an endorsement to the policy insuring the mortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx Fxxxxx Mxx and Xxxxxxx Fxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.;

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan Purchase Date have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage NoteMortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. With respect to each Mortgage Loan other than a Cooperative Mortgage Loan, The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority with respect to each Mortgage Loan, by a title insurance policy, an endorsement to the policy insuring the mortgageeMortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx Mae and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan Purchase Date have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage NoteMortgage, 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, in the case of Second Lien Mortgage Loans, a second lien priority with respect to each Mortgage Loan, by a title insurance policy, an endorsement to the policy insuring the mortgagee’s 's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount or with respect to HELOC's, the Credit Limit of the Mortgage Loan.

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan Cut-off Date have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage NoteMortgage, 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 lien priority (with respect to each a First Lien Mortgage Loan, ) or second lien priority (with respect to a Second Lien Mortgage Loan) by a title insurance policy, an endorsement to the policy insuring the mortgagee’s 's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx Mae and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.;

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the origination of the Mortgage Loan have been or will be consolidated with the outstanding principal amount secured by the Mortgage and evidenced by the Mortgage Note, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The Except with respect to Second Lien Mortgage Loans, the lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority with respect to each Mortgage Loan, by a title insurance policy, an endorsement to the policy insuring the mortgageeMortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan.