Common use of Deed of Trust Clause in Contracts

Deed of Trust. If a Mortgage for a Secured Home Loan constitutes a deed of trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves as such and is named in such Mortgage, or a valid substitution of trustee has been recorded or may be recorded and no extraordinary fees or expenses are, or will become, payable by the Transferor to the trustee under the deed of trust, except in connection with default proceedings and a trustee's sale after default by the related Obligor.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Firstplus Investment Corp), Loan Sale Agreement (Firstplus Investment Corp), Loan Sale Agreement (Firstplus Investment Corp)

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Deed of Trust. If a Mortgage for a Secured Home Loan constitutes a deed ------------- of trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves as such and is named in such Mortgage, or a valid substitution of trustee has been recorded or may be recorded and no extraordinary fees or expenses are, or will become, payable by the Transferor to the trustee under the deed of trust, except in connection with default proceedings and a trustee's sale after default by the related Obligor.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Firstplus Investment Corp), Sale and Servicing Agreement (Firstplus Investment Corp), Sale and Servicing Agreement (Firstplus Investment Corp)

Deed of Trust. If a Mortgage for a Secured Home Loan constitutes a deed ------------- of trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves as such and is named in such Mortgage, or a valid substitution of trustee has been recorded or may be recorded and no extraordinary fees or expenses are, or will become, payable by the Transferor Seller to the trustee under the deed of trust, except in connection with default proceedings and a trustee's sale after default by the related Obligor.

Appears in 2 contracts

Samples: Loan Sale Agreement (Firstplus Investment Corp), Loan Sale Agreement (Firstplus Investment Corp)

Deed of Trust. If a Mortgage for a Secured Home Loan constitutes a deed of trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves as such and is named in such Mortgage, or a valid substitution of trustee has been recorded or may be recorded and no extraordinary fees or expenses are, or will become, payable by the Transferor to the trustee under the deed of trust, except in connection with default proceedings and a trustee's sale after default by the related Obligor.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Master Financial Asset Securitization Trust 1998-2), Sale and Servicing Agreement (Firstplus Investment Corp)

Deed of Trust. If a Mortgage for a Secured Home Mortgage Loan constitutes a deed of trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves as such and is named in such Mortgage, or a valid substitution of trustee has been recorded or may be recorded and no extraordinary fees or expenses are, or will become, payable by the Transferor you to the trustee under the deed of trust, except in connection with default proceedings and a trustee's sale after default by the related ObligorMortgagor.

Appears in 2 contracts

Samples: Loan and Security Agreement (Firstplus Financial Group Inc), Loan and Security Agreement (Firstplus Financial Group Inc)

Deed of Trust. If a Mortgage for a Secured Home Mortgage Loan constitutes a deed of trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves as such and is named in such Mortgage, or a valid substitution of trustee has been recorded or may be recorded and no extraordinary fees or expenses are, or will become, payable by the Transferor to the trustee under the deed of trust, except in connection with default proceedings and a trustee's sale after default by the related Obligor.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Cityscape Corp)

Deed of Trust. If a Mortgage for a Secured Home Loan constitutes a deed of trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves as such and is named in such Mortgage, or a valid substitution of trustee has been recorded 53 or may be recorded and no extraordinary fees or expenses are, or will become, payable by the Transferor to the trustee under the deed of trust, except in connection with default proceedings and a trustee's sale after default by the related Obligor.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Firstplus Investment Corp)

Deed of Trust. If a Mortgage for a Secured Home Loan constitutes a deed ------------- of trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves as such and is named in such Mortgage, or a valid substitution of trustee has been recorded or may be recorded and no extraordinary fees or expenses are, or will become, payable by the Transferor FFI to the trustee under the deed of trust, except in connection with default proceedings and a trustee's sale after default by the related Obligor.

Appears in 1 contract

Samples: Loan Sale Agreement (Firstplus Investment Corp)

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Deed of Trust. If a Mortgage for a Secured Home Loan constitutes a deed of trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves as such and is named in such Mortgage, or a valid substitution of trustee has been recorded or may be recorded and no extraordinary fees or expenses are, or will become, payable by the Transferor Seller to the trustee under the deed of trust, except in connection with default proceedings and a trustee's sale after default by the related ObligorBorrower.

Appears in 1 contract

Samples: Supplemental Terms to Master Repurchase Agreement (Firstplus Financial Group Inc)

Deed of Trust. If a Mortgage for a Secured Home Loan constitutes a deed of trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves as such and is named in such Mortgage, or a valid substitution of trustee has been recorded or may be recorded and no extraordinary fees or expenses are, or will become, payable by the Transferor Seller SALE AND SERVICING AGREEMENT (IBJ Warehouse) - Page 45 to the trustee under the deed of trust, except in connection with default proceedings and a trustee's sale after default by the related Obligor.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Firstplus Financial Group Inc)

Deed of Trust. If a Mortgage for a Secured Home Loan constitutes a deed of trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves as such and is named in such Mortgage, or a valid substitution of trustee has been recorded or may be recorded and no extraordinary fees or expenses are, or will become, payable by the Transferor FFI to the trustee under the deed of trust, except in connection with default proceedings and a trustee's sale after default by the related Obligor.

Appears in 1 contract

Samples: Loan Sale Agreement (Firstplus Investment Corp)

Deed of Trust. If a Mortgage for a Secured Home Loan constitutes a deed of ------------- trust, a trustee, duly qualified under applicable law to serve as such, has been properly designated and currently so serves as such and is named in such Mortgage, or a valid substitution of trustee has been recorded or may be recorded and no extraordinary fees or expenses are, or will become, payable by the Transferor to the trustee under the deed of trust, except in connection with default proceedings and a trustee's sale after default by the related Obligor.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Firstplus Investment Corp)

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