Common use of Custody of Mortgage Loan Documents Clause in Contracts

Custody of Mortgage Loan Documents. Prior to the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than any Notes not held by the Initial Agent) shall be held by the Initial Agent on behalf of the registered holders of each of the Notes. On and after the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than the Non-Lead Securitization Note) shall be held in the name of the Lead Securitization Trustee (and held by a duly appointed custodian therefor), in accordance with the terms of the Lead Securitization Servicing Agreement, on behalf of the registered holders of the Notes. On and after the Non-Lead Securitization Date, the Non-Lead Securitization Note shall be held in the name of the Non-Lead Trustee (and held by a duly appointed custodian therefor) on behalf of the Non-Lead Securitization Note Holder.

Custody of Mortgage Loan Documents. Prior to the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than any Notes not held by the Initial AgentNon-Controlling Notes) shall will be held by the Initial Agent (or a duly appointed interim servicer or custodian on its behalf) on behalf of the registered holders of each of the Notes. On and after the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than the Non-Lead Securitization NoteControlling Notes) shall be held in the name of the Lead Securitization Trustee trustee (and held by a duly appointed custodian therefor), in accordance with the terms of ) under the Lead Securitization Servicing Agreement, on behalf of the registered holders of the Notes. On and after the date of the Securitization of a Non-Lead Securitization DateControlling Note, the such Non-Lead Securitization Controlling Note shall be held in the name of the Non-Lead Trustee trustee (and held by a duly appointed custodian therefor) under the related Non-Controlling Note PSA, on behalf of the related Non-Lead Securitization Controlling Note Holder.

Custody of Mortgage Loan Documents. Prior to the Lead Securitization Dateclosing date of the first Securitization, the originals of all of the Mortgage Loan Documents (other than any Notes not held by the Initial AgentNotes) shall will be held by the Initial Agent (or its designee) on behalf of the registered holders of each of the Notes. On and after the Lead Securitization Dateclosing date of the first Securitization, the originals of all of the Mortgage Loan Documents (other than the Non-Lead Securitization NoteNotes at such time) shall be held in the name of the Lead Securitization Trustee (and held by a duly appointed custodian therefor), in accordance with the terms of ) under the Lead Securitization Servicing Agreement, on behalf of the registered holders of the Notes. On and after the Non-Lead date of any subsequent Securitization, any Note included in the Securitization Date, the Non-Lead Trust related to such Securitization Note shall be held in the name of the Non-Lead Trustee trustee of the related Securitization Trust (and held by a duly appointed custodian therefor) under the related Securitization Servicing Agreement, on behalf of the Non-Lead Securitization related Note Holder.

Custody of Mortgage Loan Documents. Prior to the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than any Notes not held by the Initial AgentNon-Controlling Notes) shall will be held by the Initial Agent on behalf of the registered holders of each of the Notes. On and after the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than the Non-Lead Securitization NoteNotes) shall be held in the name of the Lead Securitization Trustee trustee (and held by a duly appointed custodian therefor), in accordance with the terms of ) under the Lead Securitization Servicing Agreement, on behalf of the registered holders of the Notes. On and after the applicable Securitization Date for any Non-Lead Securitization DateNote, the such Non-Lead Securitization Note shall be held in the name of the Non-Lead Trustee trustee (and held by a duly appointed custodian therefor) under the applicable PSA for such Non-Lead Securitization Note, on behalf of the Note Holder of such Non-Lead Securitization Note HolderNote.

Custody of Mortgage Loan Documents. Prior to the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than any Notes not Non-Controlling Notes, which shall be held by the Initial Agentrelated Non-Controlling Note Holder or its custodian) shall be held by the Initial Agent on behalf of the registered holders of each of the Notes. On and after the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than the Non-Lead Securitization Note) shall be held in the name of the Lead Securitization Trustee (and held by a duly appointed custodian therefor), in accordance with the terms of the Lead Securitization Servicing Agreement, on behalf of the registered holders of the Notes. On and after the Non-Lead Securitization Date, the Non-Lead Securitization Note shall be held in the name of the Non-Lead Trustee (and held by a duly appointed custodian therefor) on behalf of the Non-Lead Securitization Note Holder.

Custody of Mortgage Loan Documents. Prior to the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than any Notes not Non-Controlling Notes, which shall be held by the Initial Agentrelated Non-Controlling Note Holder or its custodian) shall be held in the name of and by the Initial Agent on behalf of the registered holders of each of the Notes. On and after the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than the Non-Lead Securitization Note) shall be held in the name of the Lead Securitization Trustee (and held by a duly appointed custodian therefor), in accordance with the terms of the Lead Securitization Servicing Agreement, on behalf of the registered holders of the Notes. On and after the Non-Lead Securitization Date, the Non-Lead Securitization Note shall be held in the name of the Non-Lead Trustee (and held by a duly appointed custodian therefor) on behalf of the Non-Lead Securitization Note Holder.

Custody of Mortgage Loan Documents. Prior to the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than any Notes not held by the Initial AgentNon-Controlling Notes) shall will be held by the Initial Agent (or a duly appointed interim servicer or custodian on its behalf) on behalf of the registered holders of each of the Notes. On and after the Lead Securitization Date, the originals of all of the Mortgage Loan Documents (other than the Non-Lead Securitization NoteControlling Notes) shall be held in the name of the Lead Securitization Trustee trustee (and held by a duly appointed custodian therefor), in accordance with the terms of ) under the Lead Securitization Servicing Agreement, on behalf of the registered holders of the Notes. On and after the date of the Securitization of a Non-Lead Securitization DateControlling Note, the such Non-Lead Securitization Controlling Note shall be held in the name of the Non-Lead Trustee trustee (and held by a duly appointed custodian therefor) under the related Securitization Servicing Agreement, on behalf of the related Non-Lead Securitization Controlling Note Holder.