Common use of First or Second Lien Loan Clause in Contracts

First or Second Lien Loan. The Mortgage is a first lien or a second lien on the Mortgaged Property.

Appears in 4 contracts

Samples: Mortgage Loan Purchase and Sale Agreement (National Credit & Guaranty CORP), Mortgage Loan Repurchase Agreement (Sirva Inc), Mortgage Loan Repurchase Agreement (Sirva Inc)

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