Equal Installments. Each Contract with a fixed Contract Rate provides for level monthly payments which, if paid on each Due Date, amortize the loan over its term.
Appears in 6 contracts
Samples: Asset Purchase Agreement (Origen Residential Securities, Inc.), Asset Purchase Agreement (Origen Residential Securities, Inc.), Asset Purchase Agreement (Origen Manufactured Housing Contract Trust 2004-B)
Equal Installments. Each Contract with a fixed Contract Rate provides for level monthly payments which, if paid on each Due Date, fully amortize the loan over its term.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Origen Manufactured Housng CNT Sen/Sub as-BCK CRT Sr 2002-A), Pooling and Servicing Agreement (Origen Residential Securities, Inc.)
