Common use of Delivery of Documents by Seller Clause in Contracts

Delivery of Documents by Seller. (a) Seller may, before the first purchase by Purchaser under a Purchase Agreement of a Mortgage Loan, deliver to Custodian a Limited Power of Attorney, provided, however, Custodian shall have no responsibility or obligation to act under such Limited Power of Attorney.

Appears in 3 contracts

Samples: Mortgage Loan Custodial Agreement (Crescent Banking Co), Mortgage Loan Custodial Agreement (Mortgageit Holdings Inc), Mortgage Loan Custodial Agreement (American Home Mortgage Holdings Inc)

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Delivery of Documents by Seller. (a) Seller may, before the first purchase by Purchaser under a Purchase Agreement of a Mortgage Loan, deliver to Custodian a Limited Power of Attorney, provided, however, Custodian shall have no responsibility or obligation to act under such Limited Power of Attorney.

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (United Financial Mortgage Corp)

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