Common use of Full Disbursement of Proceeds Clause in Contracts

Full Disbursement of Proceeds. The Mortgage Loan (unless it is an FHA §203(k) Loan) has been closed and the proceeds of the Mortgage Loan have been fully disbursed and there is no further requirement for future advances thereunder, and any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or Mortgage.

Appears in 8 contracts

Samples: Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.), Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.), Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.)

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Full Disbursement of Proceeds. The Mortgage Loan (unless it is an FHA §203(k) Loan) has been closed and the proceeds of the Mortgage Loan have been fully disbursed to or for the account of the Mortgagor and there is no further requirement obligation for future advances thereunder, the mortgagee to advance additional funds thereunder and any and all requirements as to completion of any on-site on‑site or off-site off‑site improvement and as to disbursements of any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were have been paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under to the mortgagee pursuant to the Mortgage Note or Mortgage.

Appears in 4 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (Pennymac Financial Services, Inc.)

Full Disbursement of Proceeds. The Mortgage Loan (unless it is an FHA §203(k) Loan) has been closed and the proceeds of the Mortgage Loan have been fully disbursed to or for the account of the Mortgagor and there is no further requirement for future advances thereunder and there is no obligation for the mortgagee to advance additional funds thereunder, and any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of any escrow funds therefor therefore have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or Mortgage.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Fieldstone Investment Corp), Master Repurchase Agreement (Fieldstone Investment Corp), Repurchase Agreement (Fieldstone Investment Corp)

Full Disbursement of Proceeds. The Mortgage Loan (unless it is an FHA §203(k) Loan) has been closed and the proceeds of the loan to which the Mortgage Loan pertains have been fully disbursed and there is no further requirement for future advances of such loan thereunder, and and, except as specifically permitted by FHLB, any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of any escrow funds therefor therefore have been complied with. All costs, fees fees, and expenses incurred in making or closing of the loan to which the Mortgage Loan pertains and the recording of the Mortgage were paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note mortgage note or Mortgage.

Appears in 2 contracts

Samples: Mortgage Purchase (Federal Home Loan Bank of Cincinnati), Mortgage Purchase (Federal Home Loan Bank of Cincinnati)

Full Disbursement of Proceeds. The Mortgage Loan (unless it is an FHA §203(k) Loan) has been closed and the proceeds of the Mortgage Loan have been fully disbursed and there is no further requirement for future advances thereunder. Except as set forth on the related Mortgage Loan Schedule, and any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were paid, and the Mortgagor is not entitled to any refund of any amounts paid or currently due under the Mortgage Note or Mortgage.;

Appears in 2 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2006-3ar), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2006-6ar)

Full Disbursement of Proceeds. The Mortgage Loan (unless it is an FHA §203(k) Loan) has been closed and the proceeds of the Mortgage Loan have been fully disbursed and there is no further requirement for future advances thereunder, and any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of any escrow funds other than for escrows for taxes and other funds typically escrowed therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or Mortgage.

Appears in 1 contract

Samples: Master Loan and Security Agreement (American Business Financial Services Inc /De/)

Full Disbursement of Proceeds. The Mortgage Loan (unless it is an FHA §203(k) Loan) has been closed and the proceeds of the Mortgage Loan have been fully disbursed to or for the account of the Mortgagor and there is no further requirement for future advances thereunder, thereunder and any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were paidpaid or are in the process of being paid and are not delinquent, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or MortgageMortgage (excluding refunds that may result from escrow analysis adjustments).

Appears in 1 contract

Samples: Master Repurchase Agreement (Rocket Companies, Inc.)

Full Disbursement of Proceeds. The Mortgage Loan (unless it is an FHA §203(k) Loan) has been closed and the proceeds of the Mortgage Loan Loan, including any escrow for repairs or improvements, have been fully disbursed and there is no further requirement for future advances thereunder, and any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of any escrow funds therefor therefore have been complied withwith in accordance with Applicable Requirements. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or Mortgage.

Appears in 1 contract

Samples: Bulk Servicing Rights Purchase and Sale Agreement (Ocwen Financial Corp)

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Full Disbursement of Proceeds. The Mortgage Loan (unless it is an FHA §203(k) Loan) has been closed and the proceeds of the loan to which the Mortgage Loan pertains have been fully disbursed and there is no further requirement for future advances of such loan thereunder, and and, except as specifically permitted by FHLBI, any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of any escrow funds therefor therefore have been complied with. All costs, fees fees, and expenses incurred in making or closing of the loan to which the Mortgage Loan pertains and the recording of the Mortgage were paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note mortgage note or Mortgage.

Appears in 1 contract

Samples: Selling and Servicing Master Agreement

Full Disbursement of Proceeds. The Mortgage Loan (unless it is an FHA §203(k) Loan) has been closed and the proceeds of the Mortgage Loan have been fully disbursed (or shall be fully disbursed pursuant to the terms of the Custodial Agreement) and there is no further requirement for future advances thereunder, and any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of 67 any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or Mortgage.

Appears in 1 contract

Samples: Master Loan and Security Agreement (E Loan Inc)

Full Disbursement of Proceeds. The Mortgage Loan (unless it is an FHA §203(k) Loan) has been closed and the proceeds of the loan to which the Mortgage Loan pertains have been fully disbursed and there is no further requirement for future advances of such loan thereunder, and and, except as specifically permitted by FHLBI, any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of any escrow funds therefor have been complied with. All costs, fees fees, and expenses incurred in making or closing of the loan to which the Mortgage Loan pertains and the recording of the Mortgage were paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note mortgage note or Mortgage.

Appears in 1 contract

Samples: Selling and Servicing Master Agreement

Full Disbursement of Proceeds. The Mortgage Loan (unless it is an FHA §203(k) Loan) has been closed and the proceeds of the Mortgage Loan have been fully disbursed to or for the account of the Mortgagor and there is no further requirement for future advances thereunder, thereunder and any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of any escrow funds LEGAL02/41072931v2 therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were paid or are in the process of being paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under the Mortgage Note or MortgageMortgage (excluding refunds that may result from escrow analysis adjustments).

Appears in 1 contract

Samples: Master Repurchase Agreement (Rocket Companies, Inc.)

Full Disbursement of Proceeds. The Mortgage Loan (unless it is an FHA §203(k) Loan) has been closed and the proceeds of the Mortgage Loan have been fully disbursed to or for the account of the Mortgagor and there is no further requirement obligation for future advances thereunder, the mortgagee to advance additional funds thereunder and any and all requirements as to completion of any on-site or off-site improvement and as to disbursements of any escrow funds therefor have been complied with. All costs, fees and expenses incurred in making or closing the Mortgage Loan and the recording of the Mortgage were have been paid, and the Mortgagor is not entitled to any refund of any amounts paid or due under to the mortgagee pursuant to the Mortgage Note or Mortgage.

Appears in 1 contract

Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

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