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Common use of Leaseholds Clause in Contracts

Leaseholds. If the Mortgage Loan is secured by a leasehold estate, such lease conforms to the requirements required by Fannie Mae pursuant to the Fannie Mae Guide;

Appears in 29 contracts

Sources: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc. Trust 2006-He2), Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley Capital I Inc. Trust 2006-He2)

Leaseholds. If the Mortgage Loan is secured by a leasehold estate, such lease conforms to the requirements required by Fannie Mae pursuant to the Fannie Mae GuideGuides;

Appears in 16 contracts

Sources: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-Wmc3), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Wmc1)

Related Clauses

  • Real Property; Leasehold
  • Real Property
  • Personal Property Leases
  • Real Properties
  • Real Property Leases

Parent Clauses

  • Representations and Warranties Regarding Individual Mortgage Loans
  • Representations Warranties and Covenants of the Seller Remedies for Breach
  • Credit Reporting; Gramm-Leach-Bliley Act
  • Representations Warranties and Covenants Remedies for Breach
  • Waiver of Jury Trial

Sub-Clauses

  • Liquidation of Mortgage Loans
  • Permitted Withdrawals From Escrow Account
  • Company to Act as Servicer
  • General Servicing Obligations
  • Maintenance of Hazard Insurance
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