Common use of Indenture Trustee Not Liable for Mortgage Loans Clause in Contracts

Indenture Trustee Not Liable for Mortgage Loans. The recitals contained herein shall be taken as the statements of the Issuer or the Master Servicer, as the case may be, and the Indenture Trustee assumes no responsibility for their correctness. The Indenture Trustee makes no representations as to the validity or sufficiency of this Agreement or of any Mortgage Loan or related document or of MERS or the MERS® System other than with respect to the Indenture Trustee’s execution and authentication of the Notes. The Indenture Trustee shall not be accountable for the use or application by the Issuer or the Master Servicer of any funds paid to the Issuer or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Collection Account by the Issuer or the Master Servicer.

Appears in 2 contracts

Samples: Servicing Agreement (Encore Credit Receivables Trust 2005-2), Servicing Agreement (Encore Credit Receivables Trust 2005-1)

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Indenture Trustee Not Liable for Mortgage Loans. The recitals contained herein shall be taken as the statements of the Issuer or the Master Servicer, as the case may be, and the Indenture Trustee assumes no responsibility for their correctness. The Indenture Trustee makes no representations as to the validity or sufficiency of this Agreement or of any Mortgage Loan or related document or of MERS or the MERS® System other than with respect to the Indenture Trustee’s execution and authentication of the NotesSystem. The Indenture Trustee shall not be accountable for the use or application by the Issuer or the Master Servicer of any funds paid to the Issuer or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Collection Account by the Issuer or the Master Servicer.

Appears in 1 contract

Samples: Servicing Agreement (Encore Credit Receivables Trust 2005-3)

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Indenture Trustee Not Liable for Mortgage Loans. The recitals contained herein shall be taken as the statements of the Issuer Issuer, the Depositor or the Master Servicer, as the case may be, and the Indenture Trustee assumes no responsibility for their correctness. The Indenture Trustee makes no representations as to the validity or sufficiency of this Agreement or of any Mortgage Loan or related document or of MERS or the MERS® System other than with respect to the Indenture Trustee’s execution and authentication of the Notes. The Indenture Trustee shall not be accountable for the use or application by the Issuer Issuer, the Depositor or the Master Servicer of any funds paid to the Issuer or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Collection Account by the Issuer or the Master Servicer.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Cwabs Trust 2005-Hyb9)

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