Common use of LTV, PMI Policy Clause in Contracts

LTV, PMI Policy. No Mortgage Loan has a LTV greater than 95%. If the original LTV of the Mortgage Loan was greater than 80%, the excess over 78% is and will be insured as to payment defaults by a PMI Policy or LPMI Policy until terminated, in the case of a PMI Policy, pursuant to the Homeowners Protection Act of 1998, 12 USC §4901, et seq. All provisions of such PMI Policy or LPMI Policy have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid. The Qualified Insurer has a claims paying ability acceptable to Xxxxxx Mae or Xxxxxxx Mac. Any Mortgage Loan subject to a PMI Policy or LPMI Policy obligates the Mortgagor or the Company to maintain the PMI Policy or LPMI Policy and to pay all premiums and charges in connection therewith. The Mortgage Interest Rate for the Mortgage Loan as set forth on the Mortgage Loan Schedule is net of any such insurance premium;

LTV, PMI Policy. No Except as indicated on the Mortgage Loan Schedule, no Mortgage Loan has a an LTV greater than 95%. If the original LTV of the Mortgage Loan was greater than 80%% or greater, the excess over 78% is and will be insured as to payment defaults by either a lender-paid or borrower-paid PMI Policy or LPMI Policy until terminated, in the case of a PMI Policy, terminated pursuant to the Homeowners Protection Act of 1998, 12 USC §4901ss.4901, et seq. All provisions of such PMI Policy or LPMI Policy policy have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid. The Qualified Insurer has a claims paying ability acceptable to Xxxxxx Mae or Xxxxxxx Mac. Any Mortgage Loan subject to a PMI Policy or LPMI Policy policy obligates the Mortgagor or the Company thereunder to maintain the PMI Policy or LPMI Policy policy and to pay all premiums and charges in connection therewith. The Mortgage Interest Rate for the Mortgage Loan as set forth on the Mortgage Loan Schedule is net of any such insurance premium;

LTV, PMI Policy. No Mortgage Loan has a LTV greater than 95%. If the The original LTV of the Mortgage Loan either was greater not more than 80%, % or the excess over 78% is and will be insured as to payment defaults by a PMI Policy or LPMI Policy issued by a Qualified Insurer until terminated, in the case of a PMI Policy, terminated pursuant to the Homeowners Protection Act of 1998, 12 USC §4901, et seq. Such PMI Policy insures the named insured, and its successors and assigns. All provisions of such PMI Policy or LPMI Policy policy have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid. The Qualified Insurer has a claims paying ability acceptable to Xxxxxx Mae or Xxxxxxx Mac. Any Mortgage Loan subject to a PMI Policy or LPMI Policy policy obligates the Mortgagor or the Company thereunder to maintain the PMI Policy or LPMI Policy policy and to pay all premiums and charges in connection therewith. The Mortgage Interest Rate for the Mortgage Loan as set forth on the Mortgage Loan Schedule is net of any such insurance premium;

LTV, PMI Policy. No Except as indicated on the related Mortgage Loan Schedule, no Mortgage Loan has a an LTV greater than 95%. If the original LTV of the Mortgage Loan was greater than 80%, the excess over 78% is and will be insured as to payment defaults by either a lender-paid or borrower-paid PMI Policy or LPMI Policy until terminated, in the case of a PMI Policy, terminated pursuant to the Homeowners Protection Act of 1998, 12 USC §4901, et seq. All provisions of such PMI Policy or LPMI Policy have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid. The Qualified Insurer has a claims paying ability acceptable to Xxxxxx Mae or Xxxxxxx Mac. Any Mortgage Loan subject to a PMI Policy or LPMI Policy obligates the Mortgagor or the Company Company, as applicable, to maintain the PMI Policy or LPMI Policy and to pay all premiums and charges in connection therewith. The Mortgage Interest Rate for the Mortgage Loan as set forth on the related Mortgage Loan Schedule is net of any such insurance premium;

LTV, PMI Policy. No Except as indicated on the Mortgage Loan Schedule, no Mortgage Loan has a an LTV greater than 95%. If the original LTV of the Mortgage Loan was greater than 80%% or greater, the excess over 78% is and will be insured as to payment defaults by either a lender-paid or borrower-paid PMI Policy or LPMI Policy until terminated, in the case of a PMI Policy, terminated pursuant to the Homeowners Protection Act of 1998, 12 USC §4901ss.4901, et seq. All provisions of such PMI Policy or LPMI Policy policy have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid. The Qualified Insurer has a claims paying ability acceptable to Xxxxxx Mae Xxx or Xxxxxxx Mac. Any Mortgage Loan subject to a PMI Policy or LPMI Policy policy obligates the Mortgagor or the Company thereunder to maintain the PMI Policy or LPMI Policy policy and to pay all premiums and charges in connection therewith. The Mortgage Interest Rate for the Mortgage Loan as set forth on the Mortgage Loan Schedule is net of any such insurance premium;

LTV, PMI Policy. No Mortgage Loan has a LTV greater than 95%. If the a Mortgage Loan had an original LTV of 80% or greater, and the Mortgage Loan was greater than 80%Schedule reflects that the Mortgage Loan is covered by a PMI Policy, the excess over 78% is and will be insured as to payment defaults by a PMI Policy or LPMI Policy until terminated, in the case of a PMI Policy, terminated pursuant to the Homeowners Protection Act of 1998, 12 USC §4901, et seq. All provisions of such PMI Policy or LPMI Policy have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid. The insurer under such PMI Policy is a Qualified Insurer that has a claims paying ability acceptable to Xxxxxx Mae Xxx or Xxxxxxx Mac. Any Mortgage Loan subject to a PMI Policy or LPMI Policy obligates the Mortgagor or the Company thereunder to maintain the PMI Policy or LPMI Policy and to pay all premiums and charges in connection therewith. The Mortgage Interest Rate for Any such premium is not payable from any portion of the Mortgage Loan as set forth on the Mortgage Loan Schedule is net of any such insurance premiumRate;