Common use of Illinois Mortgage Loans Clause in Contracts

Illinois Mortgage Loans. No Mortgage Loan is a “High-Risk Home Loan” as defined in the Illinois High-Risk Home Loan Act effective January 1, 2004 (815 Ill. Comp. Stat. 137/1 et seq.) No Mortgage Loan for which the related Mortgaged Property is located in the state of Illinois has a Mortgage Interest Rate greater than 8% and fees equal to or in excess of 3% of the principal amount of the loan.

Illinois Mortgage Loans. No Mortgage Loan is a “"High-Risk Home Loan” " as defined in the Illinois High-Risk Home Loan Act effective January 1, 2004 (815 Ill. Comp. Stat. 137/1 et seq.) ). No Mortgage Loan for which the related Mortgaged Property is located in the state of Illinois has a Mortgage Interest Rate greater than 8% and fees equal to or and in excess of 3% of the principal amount of the loan.;

Illinois Mortgage Loans. No Mortgage Loan is a “"High-Risk Home Loan” " as defined in the Illinois High-Risk Home Loan Act effective January 1, 2004 (815 Ill. Comp. Stat. 137/1 et seq.) ). No Mortgage Loan for which the related Mortgaged Property is located in the state of Illinois has a Mortgage Interest Rate greater than 8% and fees equal to or in excess of 3% of the principal amount of the loan.

Illinois Mortgage Loans. No Mortgage Loan is a “High-Risk Home Loan” as defined in the Illinois High-Risk Home Loan Act effective January 1, 2004 (815 Ill. Comp. Stat. 137/1 et seq.) No Mortgage Loan for which the related Mortgaged Property is located in the state of Illinois has a Mortgage Interest Rate greater than 8% and fees equal to or in excess of 3% of the principal amount of the loan.);