Common use of MERS Designated Loans Clause in Contracts

MERS Designated Loans. 21 SECTION 7. REPRESENTATIONS, WARRANTIES AND COVENANTS; REMEDIES FOR BREACH.............................21 Subsection 7.01 Representations and Warranties Regarding Individual Mortgage Loans.........................21 Subsection 7.02 Seller Representations.....................................................................32 Subsection 7.03 Remedies for Breach of Representations and Warranties......................................36 Subsection 7.04 Repurchase of Mortgage Loans with Early Payment Defaults...................................38 Subsection 7.05 Premium Recapture..........................................................................39 SECTION 8. CLOSING....................................................................................39

MERS Designated Loans. 21 SECTION 7. REPRESENTATIONS, WARRANTIES AND COVENANTS; REMEDIES FOR BREACH.....................................................21 Subsection 7.01 Representations and Warranties Regarding Individual Mortgage Loans.............................................21 Subsection 7.02 Seller Representations.....................................................................................................................................32 Subsection 7.03 Remedies for Breach of Representations and Warranties.......................................................................36 Subsection 7.04 Repurchase of Mortgage Loans with Early Payment Defaults.................................................................38 Subsection 7.05 Premium Recapture...............................................................................................................................................39 SECTION 8. CLOSING...................................................................................................................................................................39

MERS Designated Loans. 21 SECTION 7. REPRESENTATIONS, WARRANTIES AND COVENANTS; REMEDIES FOR BREACH.............................21 Subsection 7.01 Representations and Warranties Regarding Individual Mortgage Loans...............................................21 Subsection 7.02 Seller and Servicer Representations.....................................................................32 .....................................................36 Subsection 7.03 Remedies for Breach of Representations and Warranties......................................36 ...................................39 Subsection 7.04 Repurchase of Mortgage Loans with Early Payment Defaults...................................38 ................................42 Subsection 7.05 Premium Recapture..........................................................................39 .......................................................................42 SECTION 8. CLOSING....................................................................................3943

MERS Designated Loans. 21 SECTION 7. REPRESENTATIONS, WARRANTIES AND COVENANTS; REMEDIES FOR BREACH.............................21 Subsection 7.01 Representations and Warranties Regarding Individual Mortgage Loans............................................21 Subsection 7.02 Seller Representations....................................................................................................................................32 Subsection 7.03 Remedies for Breach of Representations and Warranties......................................................................36 Subsection 7.04 Repurchase of Mortgage Loans with Early Payment Defaults................................................................38 Subsection 7.05 Premium Recapture..............................................................................................................................................39 SECTION 8. CLOSING....................................................................................39

MERS Designated Loans. 21 SECTION 7. REPRESENTATIONS, WARRANTIES AND COVENANTS; REMEDIES FOR BREACH.............................21 Subsection 7.01 Representations and Warranties Regarding Individual Mortgage Loans..............................................21 Subsection 7.02 Seller Representations......................................................................................................................................32 Subsection 7.03 Remedies for Breach of Representations and Warranties........................................................................36 Subsection 7.04 Repurchase of Mortgage Loans with Early Payment Defaults..................................................................38 Subsection 7.05 Premium Recapture................................................................................................................................................39 SECTION 8. CLOSING....................................................................................39

MERS Designated Loans. 21 SECTION 7. REPRESENTATIONS, WARRANTIES AND COVENANTS; REMEDIES FOR BREACH....................................................................................21 Subsection 7.01 Representations and Warranties Regarding Individual Mortgage Loans...................................................................21 Subsection 7.02 Seller Representations.......................................................................................................32 Subsection 7.03 Remedies for Breach of Representations and Warranties....................................................................................36 Subsection 7.04 Repurchase of Mortgage Loans with Early Payment Defaults...................................................................................38 Subsection 7.05 Premium Recapture.................................................................................................................39 SECTION 8. CLOSING..........................................................................................................................................39

MERS Designated Loans. 21 SECTION 7. REPRESENTATIONS, WARRANTIES AND COVENANTS; REMEDIES FOR BREACH.............................21 .......................................................22 Subsection 7.01 Representations and Warranties Regarding Individual Mortgage Loans.........................21 ..........................................22 Subsection 7.02 Seller Representations.....................................................................32 ..................................36 Subsection 7.03 Remedies for Breach of Representations and Warranties......................................36 ..............................................39 Subsection 7.04 Repurchase of Mortgage Loans with Early Payment Defaults...................................38 ................................................42 Subsection 7.05 Premium Recapture..........................................................................39 .......................................42 SECTION 8. CLOSING....................................................................................39......................................................42

MERS Designated Loans. 21 20 SECTION 7. REPRESENTATIONS, WARRANTIES AND COVENANTS; REMEDIES FOR BREACH................................................................................21 Subsection 7.01 Representations and Warranties Regarding Individual Mortgage Loans........................................................21 Subsection 7.02 Seller Representations.....................................................................32 ..................................34 Subsection 7.03 Remedies for Breach of Representations and Warranties......................................36 ..............................................37 Subsection 7.04 Repurchase of Mortgage Loans with Early Payment Defaults...................................38 ................................................40 Subsection 7.05 Premium Recapture..........................................................................39 .......................................40 SECTION 8. CLOSING....................................................................................39......................................................40