Common use of Designation of MERS as Mortgagee of Record; Designation of Investor and Servicer of Record in MERS Clause in Contracts

Designation of MERS as Mortgagee of Record; Designation of Investor and Servicer of Record in MERS. The Seller has designated or shall designate MERS as, and has taken or will take such action as is necessary to cause MERS to be, the mortgagee of record with respect to each Mortgage Loan in a Mortgage Pool, and in accordance with the MERS Procedures Manual, the Seller has designated or shall designate the Seller as the servicer or subservicer in the MERS® System for each such Mortgage Loan (each such Mortgage Loan, upon such designation by MERS, a “MERS Designated Mortgage Loan”).

Designation of MERS as Mortgagee of Record; Designation of Investor and Servicer of Record in MERS. The Seller has designated or shall designate MERS as, and has taken or will take such action as is necessary to cause MERS to be, the mortgagee of record with respect to each Mortgage Loan in a Mortgage Pool, and in accordance with the MERS Procedures Manual, the Seller has designated or shall designate the Seller as the servicer [investor/servicer] or subservicer in the MERS® System for each such Mortgage Loan (each such Mortgage Loan, upon such designation by MERS, a “MERS Designated Mortgage Loan”).

Designation of MERS as Mortgagee of Record; Designation of Investor and Servicer of Record in MERS. The Seller has designated or shall designate MERS as, and has taken or will take such action as is necessary to cause MERS to be, the mortgagee of record with respect to each Mortgage Loan in a Mortgage Pool, and in accordance with the MERS Procedures Manual, the Seller has designated or shall designate the Seller as the servicer or subservicer in the MERS® System for each such Mortgage Loan (each such Mortgage Loan, upon such designation by MERS, a “"MERS Designated Mortgage Loan”").

Designation of MERS as Mortgagee of Record; Designation of Investor and Servicer of Record in MERS. The Seller Borrower has designated or shall designate MERS as, and has taken or will take such action as is necessary to cause MERS to be, the mortgagee of record with respect to each certain Mortgage Loan in a Mortgage PoolLoans, and in accordance with the MERS Procedures Manual, the Seller Borrower has designated or shall designate the Seller Borrower as the servicer or subservicer in the MERS® System for each such Mortgage Loan (each such Mortgage Loan, upon such designation by MERS, a “MERS Designated Mortgage Loan”).