Original Value. Except in the case of a refinanced Mortgage Loan, the lesser of the Appraised Value or sales price of Mortgaged Property at the time a Mortgage Loan is closed, and for a refinanced Mortgage Loan, the Original Value is the value of such property set forth in an appraisal acceptable to the Master Servicer.
Appears in 15 contracts
Samples: Indenture (American Home Mortgage Investment Trust 2004-3), Indenture (Imh Assets Corp), Indenture (Impac CMB Trust Series 1998-2)
Original Value. Except in the case of a refinanced Mortgage Loan, the lesser of the Appraised Value or sales price of Mortgaged Property at the time a Mortgage Loan is closed, and for a refinanced Mortgage Loan, the Original Value is the value of such property at the time application is made for such refinancings as set forth in an appraisal acceptable to the Master Servicer.
Appears in 5 contracts
Samples: Indenture (Imh Assets Corp., Collateralized Asset-Backed Bonds, Series 2005-7), Indenture (Impac CMB Trust Series 2005-8), Indenture (IMPAC CMB Trust Series 2005-5)
Original Value. Except in the case of a refinanced refinance Mortgage Loan, the lesser of the Appraised Value or sales price of Mortgaged Property at the time a Mortgage Loan is closed, and for a refinanced refinance Mortgage Loan, the Original Value is the value of such property set forth in an appraisal acceptable to the Master Servicer.
Appears in 1 contract
Original Value. Except in the case of a refinanced Mortgage Loan, the --------------- lesser of the Appraised Value or sales price of Mortgaged Property at the time a Mortgage Loan is closed, and for a refinanced Mortgage Loan, the Original Value is the value of such property at the time application is made for such refinancings as set forth in an appraisal acceptable to the Master Servicer.
Appears in 1 contract
Samples: Indenture (Imh Assets Corp)
Original Value. Except in the case of a refinanced refinance Mortgage Loan, the lesser of the Appraised Value or sales price of a Mortgaged Property at the time a Mortgage Loan is closed, and for a refinanced refinance Mortgage Loan, the Original Value is the value of such property set forth in an appraisal acceptable to the Master ServicerSeller.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Greenpoint Mort Sec Inc Mort Back Ps THR Certs Ser 2003-1)
Original Value. Except in the case of a refinanced Mortgage Loan, the lesser of the Appraised Value or sales price of Mortgaged Property at the time a Mortgage Loan is closed, and for a refinanced Mortgage Loan, the Original Value is the value of such property set forth in an appraisal acceptable to the Servicer or the Master Servicer, as applicable.
Appears in 1 contract
Samples: Trust Agreement (American Home Mortgage Investment Trust 2005-4)
