Common use of Conveyance of the Mortgage Loans and Qualified Replacement Mortgages Clause in Contracts

Conveyance of the Mortgage Loans and Qualified Replacement Mortgages. (a) The Transferor hereby transfers, assigns, sets over and otherwise conveys without representation, warranty or recourse, to the Trust, all right, title and interest of the Transferor in and to each Mortgage Loan listed on the Mortgage Loan Schedule delivered by the Transferor on the Startup Day, and all its right, title and interest in and to (i) scheduled payments of interest due on each Mortgage Loan after the Cut-Off Date, (ii) scheduled payments of principal due, and unscheduled collections of principal received, on each Mortgage Loan on and after the Cut-Off Date, and (iii) its Insurance Policies; such transfer of the Mortgage Loans set forth on the Mortgage Loan Schedule to the Trust is absolute and is intended by the Owners and all parties hereto to be treated as a sale to the Trust.

Conveyance of the Mortgage Loans and Qualified Replacement Mortgages. (a) The Transferor Depositor hereby transfers, assigns, sets over and otherwise conveys without representation, warranty or recourse, to the Trust, all right, title and interest of the Transferor Depositor in and to each Mortgage Loan listed on the Mortgage Loan Schedule delivered by the Transferor Depositor on the Startup Day, and all its right, title and interest in and to (i) scheduled payments of interest due on each Mortgage Loan after the Cut-Off Date, (ii) scheduled payments of principal due, and unscheduled collections of principal received, on each Mortgage Loan on and after the Cut-Off Date, and (iii) its Insurance Policies; such transfer of the Mortgage Loans set forth on the Mortgage Loan Schedule to the Trust is absolute and is intended by the Owners and all parties hereto to be treated as a sale to the Trust.