Common use of Delivery of Mortgage Loan Documentation and Information Clause in Contracts

Delivery of Mortgage Loan Documentation and Information. (a) Within two (2) Business Days after (i) the Sale Date, (ii) each monthly cutoff date following the Sale Date and (iii) the Transfer Date, Seller, at its own expense, shall provide a schedule of Mortgage Loans, in a trial balance type report, including the information listed on Exhibit A. (b) Purchaser shall provide Seller, at Purchaser's expense, with pre-printed file folders to be used by Seller in transferring Mortgage Loan files to Purchaser. No later than fifteen (15) days prior to the Transfer Date Seller, at its own expense, shall provide Purchaser or Purchaser's document custodian, as directed by Purchaser, the Mortgage Loan documentation and information described in Exhibits D and E in accordance with Purchaser's shipping and packing instructions described in Exhibits L-1. (c) On the twenty-fifth (25th) day of each month following the Sale Date, or, if the twenty-fifth (25th) day is not a Business Day, the first Business Day following the twenty-fifth day of the month, Seller shall provide to Purchaser, via electronic mail to Purchaser's designee, an Excel spreadsheet detailing the Mortgage Loan account number, principal balance and interest paid to date as of the twenty-fourth (24th) day of such month for each Mortgage Loan. (d) By the fifteenth (15th) calendar day following the Transfer Date, Seller will verify the scheduled balances of the Mortgage Loans provided by Purchaser except for Mortgage Loans pending interest rate change adjustment in the month of, or the month following, the Transfer Date.

Delivery of Mortgage Loan Documentation and Information. (a) Within two (2) Business Days after (i) the Sale Date, (ii) each monthly cutoff date following the Sale Date and (iii) the Transfer Date, Seller, at its own expense, shall provide a schedule of Mortgage Loans, in a trial balance type report, including the information listed on Exhibit A. (b) Purchaser shall provide Seller, at Purchaser's expense, with pre-printed file folders to be used by Seller in transferring Mortgage Loan files to Purchaser. No later than fifteen (15) days prior to the Transfer Date Seller, at its own expense, shall provide Purchaser or Purchaser's document custodian, as directed by Purchaser, the Mortgage Loan documentation and information described in Exhibits D and E in accordance with Purchaser's shipping and packing instructions described in Exhibits L-1. (c) On the twenty-fifth (25th) day of each month following the Sale Date, or, if the twenty-fifth (25th) day is not a Business Day, the first Business Day following the twenty-fifth day of the month, Seller shall provide to Purchaser, via electronic mail to Purchaser's designee, an Excel spreadsheet detailing the Mortgage Loan account number, principal balance and interest paid to date as of the twenty-fourth (24th) day of such month for each Mortgage Loan. (d) By the fifteenth (15th) calendar day following the Transfer Date, Seller will verify the scheduled balances of the Mortgage Loans provided by Purchaser except for Mortgage Loans pending interest rate change adjustment in the month of, or the month following, the Transfer Date.

Delivery of Mortgage Loan Documentation and Information. (a) Within two (2) Business Days after (i) the Sale Date, (ii) each monthly cutoff date following the Sale Date and (iii) the Transfer Date, Seller, at its own expense, shall provide a schedule of Mortgage Loans, in a trial balance type report, including the information listed on Exhibit A. (b) Purchaser shall provide Seller, at Purchaser's expense, with pre-printed file folders to be used by Seller in transferring Mortgage Loan files to Purchaser. No later than fifteen (15) days prior to the Transfer Date Seller, at its own expense, shall provide Purchaser or Purchaser's document custodian, as directed by Purchaser, the Mortgage Loan documentation and information described in Exhibits D and E in accordance with Purchaser's shipping and packing instructions described in Exhibits L-1. (c) On the twenty-fifth (25th) day of each month following the Sale Date, or, if the twenty-fifth (25th) day is not a Business Day, the first Business Day following the twenty-fifth day of the month, Seller shall provide to Purchaser, via electronic mail to Purchaser's designee, an Excel spreadsheet detailing the Mortgage Loan account number, principal balance and interest paid to date as of the twenty-fourth (24th) day of such month for each Mortgage Loan. (d) By the fifteenth (15th) calendar day following the Transfer Date, Seller will verify the scheduled balances of the Mortgage Loans provided by Purchaser except for Mortgage Loans pending interest rate change adjustment in the month of, or the month following, the Transfer DatePurchaser.