CONVEYANCE OF MORTGAGE LOANS; POSSESSION OF MORTGAGE. (a) Effective as of the Closing Date, the Seller hereby sells, transfers, assigns, sets over and conveys to the Purchaser, without recourse but subject to the terms of this Agreement, all right, title and interest in and to the Mortgage Loans, the insurance policies relating to each such Mortgage Loan, if any, and all right, title and interest in and to the proceeds of such insurance policies from and after the Closing Date.
Appears in 4 contracts
Samples: Mortgage Loan Sale Agreement (Bear Stearns Asset Backed Securities Inc), Mortgage Loan Purchase and Servicing Agreement (Bear Stearns Asset Backed Securities Inc), Mortgage Loan Purchase and Servicing Agreement (Irwin Whole Loan Home Equity Trust 2004 A)
